A collection of frequently asked questions

The Bitcoin blockchain is superior to other blockchains for several reasons:

  1. Network Effect and Ecosystem: Bitcoin was the first blockchain to be created and this has given it an early mover's advantage. It has been around the longest, therefore it has the most users and the widest adoption. This network effect is often said to strengthen the integrity and security of the Bitcoin blockchain, making it more solid and reliable than its counterparts.

  2. Security and Stability: Bitcoin's blockchain has proven to be secure and stable over the years without any major disruption. This is mainly a result of the strong Proof-of-Work (PoW) consensus mechanism that underpins the security of Bitcoin’s blockchain. With a large number of miners globally, it's highly resistant to attacks.

  3. Decentralization and Transparency: Bitcoin’s blockchain protocol runs on decentralized peer-to-peer technology, which aims to offer unparalleled transparency. Every transaction is visible to everyone on the network, enhancing its trustworthiness.

  4. Corporate Engagement: Bitcoin's blockchain has captivated the interest of several corporations worldwide, signaling its promise and potential as a superior blockchain. Large corporate investments have a strengthening effect on the stability of Bitcoin and the credibility of its blockchain technology.

Never Been Hacked: Bitcoin's blockchain has been running non-stop since it was first launched in 2009, it has never been hacked, which testifies for its security and reliability.

ChainRecorder is a versatile platform that can be used by a wide variety of individuals and businesses.

Some of the potential users and applications include:

  • Individual Creators: Artists, musicians, photographers, writers, and other creators can use ChainRecorder to enforce their intellectual property rights by obtaining indisputable proof of creation time for their works.
  • Businesses: ChainRecorder can be leveraged by businesses to maintain a secure, unalterable record of their sensitive documents. This could include contracts, project plans, and other important documents.
  • Researchers and Academics: ChainRecorder can be used to establish proof of discovery or theory origination. This can be an invaluable tool to demonstrate priority in academic and scientific advancements.
  • Legal Professionals: Lawyers can use ChainRecorder to track and stamp important legal documents or evidence, contributing to precise record-keeping.
  • Tech Developers: Blockchain tech developers can use ChainRecorder to timestamp code and software development stages, providing concrete proof of development history.

In essence, ChainRecorder is a useful tool for any individual or organization that needs an unalterable declaration of a document's existence at a specific point in time.

ChainRecorder is a service that utilizes the decentralized capacities of Bitcoin and the Lightning Network to provide indisputable timestamps for a range of files, including audio, video, images and text.

  1. File Hashing: Submit your desired file to the ChainRecorder application using the upload button found at the bottom right hand of the screen. The file content is then converted into a distinct cryptographic fingerprint, or hash. This hashing protects your original content's privacy and prevents unauthorized access.
  2. Timestamping: The files hash is timestamped to verify the precise time at which the file was created or modified.
  3. Blockchain Recording: The combined file hash and timestamp are next recorded onto the Bitcoin's blockchain using the Lightning Network. This guarantees the timestamp's permanence and immutability.
  4. Proof of Existence: Post the blockchain recording, the user receives a proof of existence. This serves as an indisputable timestamp verification for the file. This proof could be utilized to defend their intellectual property rights, authenticate time of creation, or confirm file integrity and existence.

By leveraging Bitcoin's blockchain and the Lightning Network, ChainRecorder provides an economical, reliable, and secure method for creating irrefutable proof of existence for documents while maintaining user control and privacy.

ChainRecorder enables the full power of Bitcoin's decentralized and Lightning Network to restore control to individuals and businesses by offering a non-alterable timestamp for digital files. We present a solution that goes beyond verifiability, privacy, and security - we advocate for user freedom and empowerment.

Chaining something means to have it timestamped, hashed and sent for recording to the Bitcoin blockchain.