Ethereum mining pool Sparkpool received a payout of over 2,000 ETH (worth $300,000) just for mining one block on the ethereum blockchain Tuesday – a figure that’s about 600 times the network’s standard block reward. Miners who secure blocks are programmed to be awarded 3 ETH (about $500) for every new transaction block added to
Schnorr signatures, a code change likely to be one of the biggest coming upgrades to bitcoin, have now gone from a theoretical idea to real code courtesy of technology startup Blockstream. Announced Monday, Blockstream has added a technology known as “MuSig” to its test cryptographic library, making it possible for developers to tinker with the
Cryptocurrency exchange startup ShapeShift is planning a major rebrand this year. Announced at ETHDenver, an ethereum developer conference being held in Colorado this weekend, ShapeShift CEO Erik Voorhees said that starting Monday the company will be opening up a closed beta period for selected users so they can try a new version of the cryptocurrency exchange
When “liking” your favorite tweet isn’t enough, you can now send small bitcoin transactions. Announced Saturday, the beta app Tippin has released a new Chrome Extension available to Google browser users. Over Twitter, app users can send bitcoin payments via the Lightning Network, considered a way to make bitcoin transactions feasible at a large scale for
Blockchain data platform Streamr has officially released a new open-source ethereum scaling technology called Monoplasma. Inspired by a pre-existing scaling solution called plasma, Monoplasma is different in that it focuses specifically on “one-to-many payments” in which users would need to “repeatedly distribute value to a large and dynamic set of ethereum addresses,” explained Henri Pihkala, CEO of
Ethereum core developer Afri Schoedon is taking a step back from social media due to an onslaught of online criticism. Tweeting Sunday that he will “no longer respond on Gitter, Skype, Discord, Slack, Wire, Twitter and Reddit,” Schoedon said that for the foreseeable future he would no longer answer contribution requests or general technical questions directly
Rhombus has released new products designed to help further connect decentralized, ethereum-based blockchain applications to real-world data, the startup announced this weekend. Revealed at the ongoing ethereum conference ETHDenver, the blockchain-based “oracle” service will now support currency pairs, asset pricing and blockchain network data. These products can be used for free by developers competing in the annual ETHDenver hackathon.
“We always needs to ask, ‘Who are we building for?’” Kicking off the annual ethereum hackathon ETHDenver, Aave CEO Stani Kulechov shared an opening address on on “leaping decentralized finance [into the] mainstream.” Aave is a Swiss-based blockchain technology company that officially launched in September of last year. Acting as the parent company to ETHLend –
If hackers felt like it, they could split bitcoin in two. It wouldn’t even be that hard, according to research from 2017. Thanks to insecure technology underpinning the internet, someone with the right credentials could exploit the Border Gateway Protocol (BGP) by faking their identity and confusing the network into sending floods of data somewhere
The Enterprise Ethereum Alliance (EEA) is boarding the tokenization train. The 385-member standards body plans to form a “token task force” this year, executive director Ron Resnick told CoinDesk. The group will work on a specification for tokens that run on top of ethereum and private blockchains based on it, with business uses in mind.
If at first you don’t succeed, try try again. Such are the words of wisdom that have been taken to heart by ethereum core developers ever since a vulnerability in the network’s code was discovered just 48 hours before the code was set to be deployed. The network upgrade dubbed Constantinople would have introduced a
The latest code version for the lightning network – often trumpeted as the future of bitcoin payments – includes a “block size increase.” One of the most active lightning implementations, LND, pushed out its newest “minor” release, version 0.5.2, of its beta code on Wednesday. Though it includes several changes from many contributors, mostly with the goal
At the cutting edge of blockchain research is a potential $15 million dollar venture by the Ethereum Foundation centered around a technology called Verifiable Delay Functions (VDFs). Acting as a source of computer-generated randomness that is unpredictable and unbias-able, VDFs are envisioned for use in a highly-anticipated “proof-of-stake”(PoS) system called Serenity which the ethereum network will
Bitcoin’s “lightning torch” saw none other than Twitter CEO Jack Dorsey snatch up the ongoing payment experiment and pass it on Tuesday. As CoinDesk reported today, users have been passing around a so-called “lightning torch” – a running game wherein each participant adds a little bitcoin to a payment, then passes it onto someone on
Hunter Hillman is the head of growth at Connext. Steven McKie is a co-founder of Amentum Capital. Eric Olszewski is an ethereum developer. Over the past few months, we have noticed a significant number of articles proclaiming the imminent failure and collapse of the ethereum platform due to its inability to scale and its overall
Developers contributing to the ethereum protocol are electing to hold off on a decision to submit code that would stifle the advantage of high-powered ASIC miners competing for the network’s rewards. During a public call Friday, which included Hudson Jameson, Lane Rettig, Afri Schodedon, Martin Holst Swende, Danno Ferrin and Greg Colvin, among other notable