The post El Salvador Doubles Down on Bitcoin with On-Chain Documents and a Full Month of Adoption Events appeared on BitcoinEthereumNews.com. El Salvador anchors official documents on Bitcoin using cryptographic hashes to guarantee their integrity and prevent future manipulation. The country is hosting a month of Bitcoin events, focusing on adoption, circular economies, and community development. The government of El Salvador has started a process to record official documents on the Bitcoin network. This action is being carried out in collaboration with the American company Simple Proof. The first public archives to be protected under this system are the certificates from the CUBO+ educational program, managed by the National Bitcoin Office of El Salvador (ONBTC). Carlos Toriello, chief executive of Simple Proof, confirmed the news. He explained that Bitcoin functions not only as decentralized money but also as an immutable timestamp server. “Bitcoin is not just the money nobody controls, it is also the only clock that nobody can manipulate,” stated Toriello. “That allows for the recording of any digital event with a timestamp that is impossible to alter,” he added. The Technical Mechanism for Blockchain Registration The implemented solution differs from others that store complete information on a blockchain. Simple Proof does not upload the original files or personal data to the network. Instead, the system generates a cryptographic hash, a unique alphanumeric sequence that acts as a digital fingerprint for the document. This hash is included within a single Bitcoin transaction, occupying only 32 bytes of space in a block. This amount represents less than 0.01% of a block’s total capacity. “We can protect millions of documents with a single transaction, without congesting the network or interfering with its monetary function,” detailed Toriello. The core protocol enabling this process is OpenTimestamps, an open-source tool created by developer Peter Todd. This protocol uses Bitcoin as a global notary. Its function is to certify that a specific document existed at a… The post El Salvador Doubles Down on Bitcoin with On-Chain Documents and a Full Month of Adoption Events appeared on BitcoinEthereumNews.com. El Salvador anchors official documents on Bitcoin using cryptographic hashes to guarantee their integrity and prevent future manipulation. The country is hosting a month of Bitcoin events, focusing on adoption, circular economies, and community development. The government of El Salvador has started a process to record official documents on the Bitcoin network. This action is being carried out in collaboration with the American company Simple Proof. The first public archives to be protected under this system are the certificates from the CUBO+ educational program, managed by the National Bitcoin Office of El Salvador (ONBTC). Carlos Toriello, chief executive of Simple Proof, confirmed the news. He explained that Bitcoin functions not only as decentralized money but also as an immutable timestamp server. “Bitcoin is not just the money nobody controls, it is also the only clock that nobody can manipulate,” stated Toriello. “That allows for the recording of any digital event with a timestamp that is impossible to alter,” he added. The Technical Mechanism for Blockchain Registration The implemented solution differs from others that store complete information on a blockchain. Simple Proof does not upload the original files or personal data to the network. Instead, the system generates a cryptographic hash, a unique alphanumeric sequence that acts as a digital fingerprint for the document. This hash is included within a single Bitcoin transaction, occupying only 32 bytes of space in a block. This amount represents less than 0.01% of a block’s total capacity. “We can protect millions of documents with a single transaction, without congesting the network or interfering with its monetary function,” detailed Toriello. The core protocol enabling this process is OpenTimestamps, an open-source tool created by developer Peter Todd. This protocol uses Bitcoin as a global notary. Its function is to certify that a specific document existed at a…

El Salvador Doubles Down on Bitcoin with On-Chain Documents and a Full Month of Adoption Events

  • El Salvador anchors official documents on Bitcoin using cryptographic hashes to guarantee their integrity and prevent future manipulation.
  • The country is hosting a month of Bitcoin events, focusing on adoption, circular economies, and community development.

The government of El Salvador has started a process to record official documents on the Bitcoin network. This action is being carried out in collaboration with the American company Simple Proof. The first public archives to be protected under this system are the certificates from the CUBO+ educational program, managed by the National Bitcoin Office of El Salvador (ONBTC).

Carlos Toriello, chief executive of Simple Proof, confirmed the news. He explained that Bitcoin functions not only as decentralized money but also as an immutable timestamp server.

The Technical Mechanism for Blockchain Registration

The implemented solution differs from others that store complete information on a blockchain. Simple Proof does not upload the original files or personal data to the network. Instead, the system generates a cryptographic hash, a unique alphanumeric sequence that acts as a digital fingerprint for the document.

This hash is included within a single Bitcoin transaction, occupying only 32 bytes of space in a block. This amount represents less than 0.01% of a block’s total capacity. “We can protect millions of documents with a single transaction, without congesting the network or interfering with its monetary function,” detailed Toriello.

The core protocol enabling this process is OpenTimestamps, an open-source tool created by developer Peter Todd. This protocol uses Bitcoin as a global notary. Its function is to certify that a specific document existed at a determined point in time, without needing to reveal the content of the file itself.

Regarding the CUBO+ certificates, Toriello indicated that each graduate can prove the authenticity of their diploma. Anyone can publicly verify the hash of their document, a process that requires no intermediaries.

The Planned Expansion and its Long-Term Implications

Following this pilot project with educational certificates, Simple Proof and the ONBTC are moving forward with developing tests involving other ministries of the Salvadoran government. The goal is to apply the same anchoring system to a broader range of administrative and legal documents.

This expansion aims to ensure that no public document can be manipulated or falsified, establishing a new standard of transparency and trust for citizens. The CEO of Simple Proof emphasized that the innovation goes beyond the technological aspect. It represents a novel methodology for historical preservation.

This application of Bitcoin’s technology to safeguard public documents also positions itself as a defense tool against misinformation and content generated by artificial intelligence.

The main event is called “Bitcoin Histórico,” organized by the National Bitcoin Office on November 12th and 13th at the National Palace, located in the Historic Center of San Salvador. This festival combines talks, interactive workshops, and family activities, all free of charge. The list of confirmed speakers includes Mexican businessman Ricardo Salinas Pliego, author Jeff Booth, developer Jack Mallers, and comedian Russell Brand.

Stacy Herbert, director of the National Bitcoin Office, spoke about the event.

The central topics to be addressed include regulation, energy infrastructure for crypto mining, and the financial inclusion of unbanked populations.

Subsequently, from November 14th to 15th, San Salvador will host the fifth edition of Adopting Bitcoin. This forum is dedicated to showcasing how each new user, project, or technical development strengthens the global Bitcoin network. 

Towards the coastal zone, in Playa Punta Mango, within the El Zonte region, the annual Bitcoin Beach gathering is expected to take place from November 18th to 20th. This event integrates community education with recreational activities, such as soccer and surf tournaments, alongside practical demonstrations on the use of Bitcoin.

Finally, the “Economía Bitcoin” conference will be held on November 22nd and 23rd in the town of Berlin, in the department of Usulután. This is a boutique-style event that focuses on creating circular economies based on Bitcoin. It will offer discussion panels on the expansion of local payment networks and community integration processes.

Source: https://www.crypto-news-flash.com/el-salvador-doubles-down-on-bitcoin-with-on-chain-documents-and-a-full-month-of-adoption-events/?utm_source=rss&utm_medium=rss&utm_campaign=el-salvador-doubles-down-on-bitcoin-with-on-chain-documents-and-a-full-month-of-adoption-events

Piyasa Fırsatı
ELYSIA Logosu
ELYSIA Fiyatı(EL)
$0.001992
$0.001992$0.001992
+0.20%
USD
ELYSIA (EL) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?

Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?

The post Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now? appeared on BitcoinEthereumNews.com. On the lookout for a Sector – Tech fund? Starting with Putnam Global Technology A (PGTAX – Free Report) should not be a possibility at this time. PGTAX possesses a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance. Objective We note that PGTAX is a Sector – Tech option, and this area is loaded with many options. Found in a wide number of industries such as semiconductors, software, internet, and networking, tech companies are everywhere. Thus, Sector – Tech mutual funds that invest in technology let investors own a stake in a notoriously volatile sector, but with a much more diversified approach. History of fund/manager Putnam Funds is based in Canton, MA, and is the manager of PGTAX. The Putnam Global Technology A made its debut in January of 2009 and PGTAX has managed to accumulate roughly $650.01 million in assets, as of the most recently available information. The fund is currently managed by Di Yao who has been in charge of the fund since December of 2012. Performance Obviously, what investors are looking for in these funds is strong performance relative to their peers. PGTAX has a 5-year annualized total return of 14.46%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 27.02%, which places it in the middle third during this time-frame. It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund’s performance, it…
Paylaş
BitcoinEthereumNews2025/09/18 04:05
Crypto Casino Luck.io Pays Influencers Up to $500K Monthly – But Why?

Crypto Casino Luck.io Pays Influencers Up to $500K Monthly – But Why?

Crypto casino Luck.io is reportedly paying influencers six figures a month to promote its services, a June 18 X post from popular crypto trader Jordan Fish, aka Cobie, shows. Crypto Influencers Reportedly Earning Six Figures Monthly According to a screenshot of messages between Cobie and an unidentified source embedded in the Wednesday post, the anonymous messenger confirmed that the crypto company pays influencers “around” $500,000 per month to promote the casino. They’re paying extremely well (6 fig per month) pic.twitter.com/AKRVKU9vp4 — Cobie (@cobie) June 18, 2025 However, not everyone was as convinced of the number’s accuracy. “That’s only for Faze Banks probably,” one user replied. “Other influencers are getting $20-40k per month. So, same as other online crypto casinos.” Cobie pushed back on the user’s claims by identifying the messenger as “a crypto person,” going on to state that he knew of “4 other crypto people” earning “above 200k” from Luck.io. Drake’s Massive Stake.com Deal Cobie’s post comes amid growing speculation over celebrity and influencer collaborations with crypto casinos globally. Aubrey Graham, better known as Toronto-based rapper Drake, is reported to make nearly $100 million every year from his partnership with cryptocurrency casino Stake.com. As part of his deal with the Curaçao-based digital casino, the “Nokia” rapper occasionally hosts live-stream gambling sessions for his more than 140 million Instagram followers. Founded by entrepreneurs Ed Craven and Bijan Therani in 2017, the organization allegedly raked in $2.6 billion in 2022. Stake.com has even solidified key partnerships with Alfa Romeo’s F1 team and Liverpool-based Everton Football Club. However, concerns remain over crypto casinos’ legality as a whole , given their massive accessibility and reach online. Earlier this year, Stake was slapped with litigation out of Illinois for supposedly running an illegal online casino stateside while causing “severe harm to vulnerable populations.” “Stake floods social media platforms with slick ads, influencer videos, and flashy visuals, making its games seem safe, fun, and harmless,” the lawsuit claims. “By masking its real-money gambling platform as just another “social casino,” Stake creates exactly the kind of dangerous environment that Illinois gambling laws were designed to stop.”
Paylaş
CryptoNews2025/06/19 04:53
U.S. Banks Near Stablecoin Issuance Under FDIC Genius Act Plan

U.S. Banks Near Stablecoin Issuance Under FDIC Genius Act Plan

The post U.S. Banks Near Stablecoin Issuance Under FDIC Genius Act Plan appeared on BitcoinEthereumNews.com. U.S. banks could soon begin applying to issue payment
Paylaş
BitcoinEthereumNews2025/12/17 02:55