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Three High Profile Crypto Networks Face Reward Halvings This Spring
28.1.2020
This spring, three of the largest crypto networks, BTC, BCH, and BSV, will undergo their halvings around the same time for the first time in history. During the last halving in 2016, only one network existed, but now three protocols share the same consensus algorithm. Google Trends shows that...
Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends
26.1.2020
The Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin...
BTC’s Hashrate Touches 120 Exahash, But the Price Has Not Followed
3.1.2020
On January 1, the BTC network hashrate touched an all-time high at close to 120 exahash per second (EH/s). Despite the crypto market lull and lower BTC prices, the 2020 milestone happened just before the blockchain’s 11th anniversary. BTC’s curious jump in hashrate has the cryptosphere...
Japan Hosting World Conference to Discuss Decentralized Financial Governance
26.12.2019
Following the consensus reached at the G20 leaders’ summit on the importance of discussing better governance for the decentralized financial ecosystem, Japan’s top financial regulator is hosting a global blockchain conference to discuss the subject. The regulator is welcoming...
Meet Snowglobe: An Avalanche-Based Pre-Consensus Protocol for BCH
22.12.2019
On December 20, BCHD and Openbazaar developer Tyler Smith published first draft specifications for a protocol he calls “Snowglobe.” Smith’s Github repository says that Snowglobe is a propagation protocol for nodes using Nakamoto Consensus and it uses an Avalanche-based consensus...
Bitcoin Mining Operations Offer New Strategies Before Reward Reduction
10.12.2019
As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining....
As Halving Interest Grows, Spectators Discuss Miner Hoards and Capitulation
28.11.2019
Recently, cryptocurrency advocates have been discussing the upcoming halvings set to happen on the BTC and BCH blockchains in six months or less. Since crypto prices have been heading southbound, the SHA256 consensus hashrate continues to remain relatively unfazed and data stemming from freshly...
A History of Blockchain Consensus Mechanisms
26.11.2019
The consensus mechanism is a critical blockchain component, providing a non-partisan means of establishing agreement as to the network’s current state. But ever since Bitcoin emerged in 2008, its original consensus mechanism – Proof of Work (PoW) – has been emulated and iterated...
Evercoin Launches Bitcoin and Cryptocurrency Hardware Wallet
12.11.2019
At New York Consensus Invest Summit, Evercoin Inc. today announced Evercoin 2, the “safest hardware wallet”. Evercoin 2 provides a wallet and exchange for bitcoin and other cryptocurrencies featuring a hardware wallet the size of a house key powered by YubiKey 5ci, the first implementation of...
What to Expect From the Next Bitcoin Cash Protocol Upgrade
9.11.2019
On November 15, shortly after 12 p.m., Bitcoin Cash (BCH) will execute an upgrade of the network’s consensus rules. After the upgrade is locked in, the next block will enforce minimal pushdata in script and the opcodes OP_Checkmultisig and OP_Checkmultisigverify will be upgraded to accept...
Bitcoin.com Joins the Coinex Chain Pre-Election Node Process
26.10.2019
Trading platform Coinex recently announced the creation of a public decentralized exchange (dex) blockchain that leverages the consensus protocols Tendermint and the Cosmos SDK. This month, up until the mainnet launch, Coinex is in the midst of its pre-election process with new node participants...
New DLT Protocol Scalable, Secure Without Consensus, Researchers Claim
16.10.2019
A new distributed ledger protocol is being pitched as a secure and less power-hungry alternative to Bitcoin mining
Blockchain Scalability: Current Challenges and Potential Solutions
31.8.2019
While blockchain scalability is one of the biggest hurdles to mass adoption, the existing consensus mechanisms come with their own set of tradeoffs. To decentralize nonfinancial blockchains as well, we’re going to need novel approaches to secure their decentralized networks
Lightning Network’s Antifraud Methods Inferior to Nakamoto Consensus, Research Shows
17.7.2019
The Lightning Network, the touted scaling solution for the BTC chain, has recently seen its capacity decrease significantly and the beta project is still best suited for a cliche of technically savvy users. Now according to an analysis by Bitmex Research, the Lightning Network’s nodes have...
The Cryptocurrency Projects Pursuing a Path to Decentralization
11.7.2019
Decentralization over time is an ethos that many crypto projects espouse. To date, however, few have completed this journey. Talking the talk is easy, but when it comes down to it, only a handful of projects are bold enough to walk the walk and willingly entrust their fate to the community. Also...
President And Co-Founder of Zilliqa Speaks Exclusively With CryptoNewsZ
11.7.2019
Amrit Kumar is President and Co-Founder at Zilliqa. Focusing predominantly on areas of security, privacy and applied cryptography, Amrit’s research has been widely published at conferences such as IEEE/IFIP and IFIP TC-11 SEC. Amrit received his Ph.D. from Université Grenoble-Alpes, France and...
Confronting Bitcoin Network Issues Using Nakamoto Consensus and a Mining Parliament
1.7.2019
On June 28, Bitcoin Cash proponent Javier Gonzalez announced the launch of an interesting protocol called the Bitcoin Mining Parliament (BMP). The theory behind BMP is backed by the concept of Nakamoto Consensus where “miners are the executive power of Bitcoin” and “any needed...
8 Irate Quotes From Officials Who Hate Facebook’s Digital Currency
27.6.2019
The best thing about Facebook’s proposed digital currency isn’t its BTF consensus algorithm, account-based data model or single Merkle tree structure. No, the greatest thing about Libra has to be the triggered reactions from politicians and bankers who can sense the rug being pulled...
PR: WaykiChain CEO Gordon Gao Building a Win-Win Public Blockchain
18.6.2019
This article feature quotes returned direct from inquiry to the company CEO Gordon Gao. WaykiChain(WICC) CEO Gordon Gao’s credentials are substantial and they include (according to his LinkedIn page) having previously worked as a ‘senior business associate’ at Alibaba.com. His portfolio also lists...
Indian Government-Backed Program Offers Crypto and Blockchain Course
13.6.2019
An Indian government-initiated program is offering a course for undergraduates to learn about cryptocurrency, blockchains, and their use cases. This 12-week interactive course is free to enroll and learn from. Among the topics covered are Bitcoin basics and consensus. Meanwhile, India’s...