Answering Vitalik Buterin’s 7 Hard Questions For the Blockchain World Part 6: Proof of Centralization

Answering Vitalik Buterin’s 7 Hard Questions For the Blockchain World Part 6: Proof of Centralization

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Ethereum co-founder Vitalik Buterin put forward a series of open questions to the cryptocurrency community in a recent discussion with Mars Finance International WeChat group, postulating seven issues present within the blockchain ecosystem. Buterin’s “hard questions for any blockchain people” deal with some of the biggest obstacles that stand between the current state of blockchain…

Answering Vitalik Buterin’s 7 Hard Questions For the Blockchain World Part 5: Proof of Waste

Answering Vitalik Buterin’s 7 Hard Questions For the Blockchain World Part 5: Proof of Waste

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Ethereum co-founder Vitalik Buterin put forward a series of open questions to the cryptocurrency community in a recent discussion with Mars Finance International WeChat group, postulating seven issues present within the blockchain ecosystem. Buterin’s “hard questions for any blockchain people” deal with some of the biggest obstacles that stand between the current state of blockchain…

EOS Block Producers Vote to Raise RAM Supply to Lower Cost of Running dApps

EOS Block Producers Vote to Raise RAM Supply to Lower Cost of Running dApps

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After a turbulent launch, the EOS mainnet faced further issues with its controversial network constitution and a shortage of RAM supply. On July 26, 2018, EOS block producers voted to increase the RAM supply and lower costs for developing applications on the network. EOS RAM Supply Doubles On July 26, EOS block producers voted to…

U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations

U.S. Regulations Round-Up: CFTC Can’t Keep Pace with Crypto, Libertarian Candidate Accepts Bitcoin Donations

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In recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations; a U.S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN; and a candidate of the Wisconsin Libertarian Party is accepting donations in the…

Google Cloud and Digital Asset Launch Blockchain Developer Toolkit

Google Cloud and Digital Asset Launch Blockchain Developer Toolkit

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The emergence of blockchain technology equips industries across the board with solutions for inefficient data storage, payment transfer and more. Keeping pace with blockchain’s surging popularity, Google joined with Digital Asset to bring users a developer toolkit for decentralized applications (dApps). Digital Asset Delivers Enterprise Blockchain Solutions Announced on July 23, 2018, New York-based startup Digital…

China Round-Up: Bitmain, Canaan and Ebang Receive ‘Unicorn’ Valuations, Number of DLT Companies Explodes

China Round-Up: Bitmain, Canaan and Ebang Receive ‘Unicorn’ Valuations, Number of DLT Companies Explodes

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In recent cryptocurrency news from China, three cryptocurrency mining hardware manufacturers have been valued at more than $1 billion USD, Bitmain has supported the launch of a research center for digital financial assets at Tsinghua University, and more than 3,000 companies were found to have registered blockchain-themed business names during the first half of 2018.…

Research: Quantum Computers Can Decipher Private Keys of Cryptocurrencies

Research: Quantum Computers Can Decipher Private Keys of Cryptocurrencies

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Immutability and difficult-to-solve algorithms are the main attractions for cryptocurrencies like Bitcoin apart from potentially creating a new financial system. However, recent research suggests the underlying technology may not be as resilient as perceived. Quantum Computing Threatens Bitcoin On July 16, 2018, academic outlet The Conversation highlighted a method utilizing powerful quantum computers to decipher Bitcoin’s…

New Electricity Tariffs Introduced for Cryptocurrency Miners in Upstate New York

New Electricity Tariffs Introduced for Cryptocurrency Miners in Upstate New York

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Cryptocurrency miners face newer tariff rates in New York after the city’s State Public Service Commission (PSC) approved new rules qualifying high-density load customers under an individual service agreement. Mining Qualifies Under Service Agreement As reported by Bloomberg on July 13, 2018, the PSC introduced the latest electricity bill for the Massena Electric Department, entailing all…

Coming Soon: The Sirin Labs $1000 Cryptocurrency Focused Phone

Coming Soon: The Sirin Labs $1000 Cryptocurrency Focused Phone

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The burgeoning cryptocurrency market is distinct with exchanges, payments, and wallet businesses, with only few other implementations. However, the smartphone market is seemingly catching on, as Israel-based Sirin Labs announced a cryptocurrency-powered phone on July 11, 2018. The “Finney” Termed “Finney,” in homage to Bitcoin evangelist Hal Finney, the latest Sirin Labs phone is priced…

Bitcoin Lightning Capacity Rises 68% in 1 Month, Progress in Scaling and Micropayments

Bitcoin Lightning Capacity Rises 68% in 1 Month, Progress in Scaling and Micropayments

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The capacity of the Lightning Network, a micropayment channel that is compatible with Segregated Witness (SegWit) and a layer two scaling solution deployed on top of the Bitcoin protocol, has increased by 68 percent in the past 30 days. Irek Zielinski, a software developer, and Bitcoin researcher, revealed the total sum of micropayment channels on…