Security, scalability, decentralization: What will the first proof-of-stake blockchain by MIT look like and why might it become a threat to Ethereum? As reported by Cointelegraph on Jan. 24, the press service of the Massachusetts Technical Institute (MIT) announced the development of a new cryptocurrency based on the proof-of-stake (PoS) protocol. It is expected that the […]
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Market interest in the Ethereum’s Constantinople and Serenity hard forks has reportedly led to the underestimation of other more important proposals. The market was too focused on the Ethereum’s (ETH) Constantinople and Serenity (Ethereum 2.0) hard forks, overshadowing more important upgrades, according to a recent report by cryptoassets trading firm Cumberland Research shared with Cointelegraph. […]
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The announcement follows a tip-off about a potential attacker being able to shut down Parity client nodes. Ethereum blockchain infrastructure developer Parity Technologies experienced a security compromise that required nodes to perform an urgent update, the company stated in a blog post on Feb. 3. Parity, which is a popular technology stack for Ethereum users, […]
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Ethereum has launched its first pre-release for phase zero of the network’s evolving transition to Ethereum 2.0, also known as Serenity Ethereum (ETH) has launched its first pre-release for phase zero of the network’s evolving transition to Ethereum 2.0, according to new post published to Ethereum’s github on Jan. 31. The post notes that “this […]
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Blockchain technology is facing a serious scalability issue, and solving it might not be as easy as some think. In the history of blockchain to be written in textbooks, 2018 will probably be known as the year of failing at scaling. An outcry for scalable blockchain systems in 2017 led to a number of companies […]
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MIT researchers have created a cryptocurrency that reportedly requires less data storage than Bitcoin and Ethereum. Researchers at the Massachusetts Institute of Technology (MIT) have reportedly developed a cryptocurrency that needs transaction-verifying nodes to store 99 percent less data when compared to Bitcoin (BTC). The development was reported on Jan. 23 in a post on […]
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QtumX protocol can reportedly handle more than 10,000 transaction per second. What about others? Open-source project Qtum representatives claim that their enterprise blockchain dubbed ‘QtumX’ can accommodate “more than 10,000” transactions per second (TPS), according to a press release recently shared with Cointelegraph. With yet another player being added to the scalability race, it makes […]
Continue ReadingDifficulty bomb delay, mining reward decrease, ETH price change — What else is to be expected by the community ahead of the Constantinople fork? The next attempt to implement the Ethereum (ETH) hard fork is expected to come in the interval from Jan. 14 to Jan. 18 — or according to Afri Schoedon, the release […]
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The Ethereum Foundation has announced a $5 million grant to U.K.-based company Parity Technologies for scalability, usability and security work. The Ethereum Foundation has announced a $5 million grant to United Kingdom-based company Parity Technologies, according to a post on the official Ethereum (ETH) blog published Jan. 7. According to the post, the grant is […]
Continue ReadingEthereum core developers have reached a tentative consensus to implement a new proof-of-work algorithm that would increase the efficiency of GPU-based mining on the network. Ethereum (ETH) core developers have reached a tentative consensus to implement a new proof-of-work (PoW) algorithm that would increase the efficiency of GPU-based — as opposed to ASIC-based — mining […]
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