Messari CEO Ryan Selkis predicted that the proof-of-work algorithm will be the status quo for “at least two or three years.” The Ethereum (ETH) 2.0 proof-of-stake (PoS) transition will not take place until 2021, the CEO of crypto analytics firm Messari predicted at a panel of ConsenSys’ Ethereal Summit on May 10. During the panel […]
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An Ethereum 2.0 Proof-of-Stake testnet beacon blockchain is now live. An Ethereum (ETH) 2.0 Proof-of-Stake (PoS) testnet beacon blockchain is now live. Preston Van Loon, co-founder of sharding development firm Prysmatic Labs, announced the development in a Medium post on May 7. Ethereum 2.0 is an upcoming new Ethereum chain featuring improvements in security, scalability, […]
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Code specifications for the first Ethereum transition phase to PoS could be prepared by the end of June. A code for the Ethereum (ETH) blockchain’s first-stage transition to a proof-of-stake (PoS) consensus algorithm could be completed by June 30, as stated in an Ethereum core developers meeting on May 2. In a bi-weekly call, Ethereum […]
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Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake algorithm implementation. Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake (PoS) algorithm implementation on the Ethereum blockchain on GitHub on April 20. Per the proposal, 2,097,152 ether per year would be issued when 134,217,728 ether is staked […]
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5G promises to boost development efforts in IoT and blockchain Analysts have been anticipating the implications of the Internet of Things (IoT) for several years. However, there have been two main impediments to its success: capacity and security. But now, the introduction of a new technology could change that. This year, major carriers like AT&T […]
Continue ReadingA PwC blockchain expert states that renewable energy is insufficient in addressing Bitcoin’s massive energy consumption. Renewable energy will not solve Bitcoin’s (BTC) sustainability problem according to a blockchain specialist at Big Four auditing company PwC, Alex de Vries. De Vries presented his argument in a study published in sustainable energy journal Cell on March […]
Continue ReadingEthereum’s co-founder Vitalik Buterin declared that he was trying to solve Bitcoin’s limited functionality with Ethereum. Ethereum (ETH) co-founder Vitalik Buterin has stated he was trying to solve Bitcoin’s (BTC) limited functionality with the creation of Ethereum, according to an interview with Business Insider published on Feb. 28. During the interview, Buterin compared Bitcoin to […]
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Vlad Zamfir, an Ethereum Foundation researcher, will join CasperLabs to develop their PoS consensus algorithm. Blockchain protocol research and development company CasperLabs has appointed Ethereum Foundation researcher Vlad Zamfir as lead consensus protocol architect, a Medium post by the company reveals on Feb. 22. CasperLabs is a company trying to develop the so-called correct-by-construction Casper […]
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Facebook CEO Mark Zuckerberg said that he is mulling the idea of blockchain-based authorization for user data. Facebook CEO and founder Mark Zuckerberg considered the ramifications of blockchain-based authorization of user data during an interview with Harvard Law professor Jonathan Zittrain on Feb. 20. During a discussion covering such topics as the future of technology […]
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Ethereum’s Vitalik Buterin has denied that a new Constantinople smart contract creation feature will have negative security implications for the network. Ethereum (ETH) co-founder Vitalik Buterin and other core devs have dismissed allegations that a new smart contract creation feature set to be released in the forthcoming Constantinople hard fork will have negative security implications. […]
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