RSK Sidechain Is Now Secured by 45% of BTC’s Hashrate

post-img

Read More

On Feb. 14, the cryptocurrency infrastructure organization led by RSK Labs announced the one-year anniversary of the RSK network and highlighted several notable achievements. Over the last 12 months, the project’s merge mining has managed to gather 45 percent of the Bitcoin Core (BTC) network hashrate, making the RSK smart contract system more secure than…

UK Customs Service Halts Blockchain Border Project with Brexit Looming

post-img

Read More

Her Majesty’s Revenue and Customs (HMRC), the customs organization of the United Kingdom, has said it will be postponing its work on a blockchain pilot program— instituted September of last year—until after the United Kingdom severs ties with the European Union. In the Q&A section on Parliament’s website, MP Eddie Hughes asked if the government…

BCH Avalanche Transactions Show Finality Speeds 10x Faster Than Ethereum

post-img

Read More

Over the last few weeks, Bitcoin Cash (BCH) developers and community members have been discussing a pre-consensus method called Avalanche. Now BCH proponents have begun to notice the protocol has been applied to the Bchd full node implementation and the proof of concept officially running on the BCH mainnet. Also read: Mt. Gox Creditors Neither Need nor Deserve…

Analyzing Vitalik Buterin’s Statement About Cryptos that are “Centralized Piles of Trash”

post-img

Read More

Co-founder of Ethereum, Vitalik Buterin, spoke at the Blockchain Connect Conference in January about Casper CBC and Ethereum 2.0, but also criticized blockchains that boast their speed, calling them “centralized piles of trash.” At the Blockchain Connect Conference in San Francisco, the audience asked Vitalik whether CBC Casper was being designed with any transaction throughput…

Opera Launches In-Browser Ethereum Buys for Scandinavian Customers

post-img

Read More

Opera has partnered with regulated crypto brokerage Safello to offer Ethereum buys directly from its browser-based wallet for those in Sweden, Norway, and Denmark. Opera is currently only offering Ethereum (ETH) for purchase, but it allows payments with credit and debit cards, along with some payment networks. This includes Swedish mobile payment system Swish. Safello…

Analysis of UAE and Saudi Arabia’s Government Cross-Border Payments Cryptocurrency

Analysis of UAE and Saudi Arabia’s Government Cross-Border Payments Cryptocurrency

Read More

The United Arab Emirates and its neighbor Saudi Arabia launched a government-backed cryptocurrency to facilitate cross-border payments. The launch was part of a seven-point co-operation plan that was unveiled on Jan. 20th. Apart from cryptocurrency development, the rest of the plan includes a sort of customs union, which allows Saudi and Emirati small and medium-sized enterprises…

Facebook Acqui-Hires Team from Blockchain Platform Startup Chainspace

post-img

Read More

Facebook acquired its first company in the blockchain space, smart contract protocol development and research firm Chainspace. The move was likely made to acquire the company’s team of experienced crypto developers. Chainspace is an 11-person company that was started by five well-credentialed co-founders, including two Cambridge PhDs, several researchers from the University College of London,…

Ethereum Classic’s 51 Percent Attack Highlights the Challenges of Proof-of-Work Coins

post-img

Read More

On Jan. 5th, Ethereum Classic (ETC) suffered a 51% attack losing a total of more than US$1 million spread over 15 different transactions. The scale of this attack can offer some lessons to the challenges faced by blockchains secured by Proof of Work (PoW). This is not the first majority attack that has occurred. In…

Consortium of 11 Indian Banks Launch Blockchain-Linked Funding for Small Businesses

post-img

Read More

Eleven Indian banks have joined an initiative that may change the way small businesses obtain loans, via blockchain. The blockchain-linked loan system will focus on small and medium enterprises and aims to remove communication barriers between India’s largest banking providers. Blockchain-Linked Funding Aimed for SMEs A consortium of India’s eleven largest banks launched the first…

Interconnecting Blockchain Project ICON Makes a Push Towards Decentralizing Its Nodes

post-img

Read More

ICON recently announced its major decentralization initiative. The plan will elect twenty-two node operators that will produce blocks, verify transactions, and participate in consensus. History of ICON ICON aims to design an “interconnecting blockchain network.” ICON (ICX) is engineering a solution to connect independent blockchains without the use of third-party intermediaries. This is done by…