Binance’s CEO and Ethereum co-founder Vitalik Buterin believe blockchain-based voting apps would significantly improve current voting systems. Binance’s chief executive CZ and Ethereum’s co-founder Vitalik Buterin are in furious agreement that a new blockchain-based voting system is required to improve democratic processes in the United States. But one won’t be as easy to implement as […]
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Crypto-powered election futures have seen a wild 24-hours of trade, with decentralized platforms Augur and Polymarket posting record volumes. The 2020 U.S. presidential election has driven significant action across crypto-powered predictive markets. Ethereum’s co-creator Vitalik Buterin took to Twitter during the counting of votes to praise the success enjoyed by crypto-powered prediction platforms amid the […]
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Buterin asks whether crypto prediction markets reflect the wisdom of the crowd or are skewed by illiquidity and the political bias of their social base. On the eve of the United States presidential election, most mainstream polls are pointing to a highly likely Joe Biden victory, though this isn’t reflected in crypto prediction markets. For […]
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Why do blockchains need transaction fees — and which networks allow crypto to be transferred less expensively? This explained article takes a look. What factors contribute to transaction fee sizes? The two main factors affecting fees are the size of a transaction, and demand for block space. Given that some networks can only contain a […]
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A spike in Bitcoin transaction fees has seen the share of miners’ revenues represented by fees tag a two-year high. Bitcoin (BTC) transaction fees have nearly tripled in three days, from $3.52 to $10.20 on average. According to crypto market data aggregator Glassnode, 22.25% of Bitcoin miners’ income is currently made up of fees, with […]
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Griffith argues that because his April 2019 conference presentation consisted of widely-available public information, he was not providing a “service” to North Korean officials Virgil Griffith, the former Ethereum Foundation researcher accused of conspiring to violate U.S. sanctions against the Democratic People’s Republic of Korea, filed a motion on Thursday to dismiss the charge against […]
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BlockShow has partnered with the Monetary Authority of Singapore to curate blockchain discussions for its five-day fintech conference. BlockShow, one of the largest blockchain events in the blockchain and crypto industry, will curate discussions around blockchain and cryptocurrency for a five-day online event hosted by the Monetary Authority of Singapore. The event runs from Dec. […]
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The total lifetime NFT volume on the Ethereum blockchain alone has exceeded $120 million. Non-fungible tokens and digital collectibles have been selling like hotcakes over the past couple of months as volumes on peer-to-peer marketplaces surge. From NFTs representing NBA finals moments to crypto industry character cards, the total lifetime NFT volume on the Ethereum […]
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The long awaited EIP-1559 would have seen almost 1 million ETH burnt in the last 365 days if it had been implemented, but miners are yet to get on board. The controversial Ethereum Improvement Proposal (EIP) 1559 would have burnt 970,000 Ether (ETH) — with a total value of $360 million — in the last […]
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Ethereum Classic is using an idea Vitalik Buterin had in 2014 to help fend off 51% attackers. Over the past weekend, on block 11380000, a solution for the prevention of 51% attacks was introduced to the Ethereum Classic (ETC) community. Several such attacks have recently placed ETC at a crossroads, leaving the very survival of […]
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