Cryptocurrency Financial News
Minimum Viable Plasma requires users to actively monitor and challenge exit attempts, but many users are offline most of the time. One developer suggests using an on-chain EDCC (or smart contract) to probabilistically verify the plasma chain. Though the proposal does address the concern in a wide range of scenarios, it is not a universal solution, nor is it failsafe.
EIP 1167 entered “last call” status yesterday and is open for comments for the next two weeks before it is finalized. This Ethereum Improvement Proposal allows any number of cloned contracts to redirect calls and gas fees more cheaply and with fewer side effects than is currently possible.
New information has come to light regarding the FINNEY “independent blockchain network” and Sirin Labs’ quest for a permanent blockchain solution.
Paul Krugman says blockchains are useless. Oliver Hart, who is serving as an advisor for a blockchain governance and design firm to help make better EDCCs (aka smart contracts), says they can be great for automating certain business dealings and assisting in legal disputes.
Some in the Bitcoin community question bitcoin.org co-owner Cøbra’s ability to ethically manage the website and are calling for the mysterious entity to step down or be ousted. What’s the beef? Is this just more FUD?
The ERC777 standard would allow token holders more control and easier transactions.
Gavin Wood says this might be the first major on-chain protocol upgrade.
The new Parity Ethereum client signals readiness for upcoming blockchain evolution.
Does the addition of Dogecoin to Robinhood’s crypto exchange signal a directional change for the company?
Vitalik Buterin believes Ethereum’s upcoming plasma implementation could make ERC20 central bank digital currencies viable. We’ll discuss which governments have considered these sovereign tokens and whether Plasma could, in fact, make Ethereum a good fit.
One, two, three, four – I declare a blockchain smartphone war.
This week, HTC will release the Exodus, a blockchain-based smartphone. The company hopes the phone will popularize blockchain technology and revolutionize data privacy. But if the Exodus is to succeed, it will need to overcome a lot of barriers.
The attack highlights both the perks and drawbacks of centralized authority in cryptocurrency exchange and blockchain technology.
On June 12, US legislators introduced the FIND bill, which proposes a study on how virtual currencies are being used to buy, sell, and facilitate sex and drug trafficking. If it passes, let’s hope the study is carried out with more nuance than previous legislation aimed at sex trafficking.
Although it has been reported by several outlets that Walmart was just awarded a patent on a blockchain-based method and system for managing demand on an electric grid, there is no such news to report. Here’s what we actually know.
