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Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate
14.1.2021
There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate. On January 6, 2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents...
'Brotherhood Is Healing': When Men's Self-Help Groups Collide With Covid Restrictions
7.1.2021
Late last month, the self-help coach Jordan Maurice Bowditch posted a comedically wide-eyed photo of himself on Instagram and Facebook with a caption announcing that he had “survived” covid-19. “The week I likely got it, I connected with upwards of 100 people (and somewhere in there was unknowingly...
Mining Rig Makers Race to Create Next-Gen Ethereum Miner Before Staking-Only Kicks In
21.12.2020
The Ethereum network’s 2.0 transition has pushed the protocol to become one of the largest staking networks in the world with 1,683,905 ether locked into the contract worth $1 billion today. According to reports from China, while proof-of-work ethereum miners have two years left to mine...
21M Bitcoin and the Promise of Scarcity
17.12.2020
In Bitcoin, the promise of a limited supply is great. This was one of the biggest things that initially appealed to me when I heard about Bitcoin. “No more than twenty one million bitcoins will ever exist!” But can this promise be kept in the long run? Has the Promise Already Been...
The Power of Lampshading
16.12.2020
I enjoyed this blog post from Shawn. Lampshading is apparently the idea of a TV show calling attention to some weakness (like an implausible plot point) so that the show can move on. By calling it out, it avoids criticism by demonstrating the self-awareness. For developers, Shawn notes, it’s...
Ethereum 2.0 staking is coming to Coinbase
30.11.2020
The U.S. exchange plans to roll out support in early 2021
Hash War: Mystery Miner’s Empty Block Attack Makes ABC’s New Blockchain Almost Unusable
28.11.2020
According to various reports, the Bitcoin ABC pro-IFP chain has been under ‘attack’ for a number of consecutive days now. The mystery miner has been mining a great number of sequential blocks, but almost all of them have been empty. The miner who calls himself...
Indian exchange offers ETH staking ahead of Ethereum 2.0 launch
11.11.2020
CoinDCX users to stake on ETH 2.0 with as low as 0.1 ETH, the exchange says
Ripple's Garlinghouse disses Bitcoin's energy use in advance of Biden administration
9.11.2020
With Joe Biden being declared the next President of the United States, Ripple CEO Brad Garlinghouse is making sure his company’s messaging aligns with the new administration
The 51% Attack Nightmare Scenario (Isn’t That Bad)
27.9.2020
An accessible, in-depth look at what's really at risk when Proof-of-Work or Proof-of-Stake blockchains suffer the dreaded 51% attack
Hash Power Broker Nicehash Denies It Enables 51% Attacks on ETC Network
9.9.2020
Hash power broker Nicehash denies that it enables bad actors to use its hash renting platform to launch 51% attacks on blockchain networks. The broker insists that it does not have any way of monitoring or determining which blockchain is benefitting from a particular algorithm hash data. Only...
Ethereum Classic’s Terrible, Horrible, No Good, Very Bad Week
10.8.2020
Ethereum Classic suffered two 51% attacks in the same week. One week later, exchanges, investors and developers are split on the implications
US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space
6.8.2020
A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking. These politicians believe America’s ingenuity can help drive this promising staking technology. The four congressmen are Bill Foster (D) of Illinois...
2020 Is Becoming the Year of Staking With Some Major Achievements
3.8.2020
While both PoW and PoS have a lot to offer, this year, in particular, is promising to be a special one for proof-of-stake
Triple-Entry Bookkeeping: How Satoshi Nakamoto Solved the Byzantine Generals’ Problem
3.8.2020
In 2008, Satoshi Nakamoto essentially solved the infamous computational issue called the “Byzantine generals’ problem” or the “Byzantine Fault.” Throughout the history of man, people used ledgers to record economic transactions and property ownership. A ledger is often...
Single Miner Reorgs Ethereum Classic – Devs Report a Chain Split
1.8.2020
Members of the Ethereum Classic team reported that the network suffered a reorganization (reorg) today. The blockchain network is asking service providers to halt deposits while it carries out maintenance of the chain. The latest event follows a similar attack in January 2019, which led to some...
MIT Crypto Group Researcher Says PoW Attacks Not Always Obvious
9.7.2020
James Lovejoy, a research assistant for Massachusetts Institute of Technology, or MIT, crypto and blockchain group the Digital Currency Initiative, explained blockchain attacks might not always be obvious
Avalanche Launch Fumbles: ‘A Highly-Sophisticated DDoS Attack Derailed Token Sale’
9.7.2020
On July 8, 2020, some members of the cryptocurrency community were prepared to leverage the AVA Labs Avalanche (AVAX) token sale, in order to acquire some of the highly anticipated coin on Wednesday. However, due to “record-breaking demand” and a “highly-sophisticated DDOS...
Meet Mistcoin – The First Mineable SLP Token Implementation Launched on Bitcoin Cash
22.6.2020
Bitcoin Cash proponents have been introduced to a new project built using the Simple Ledger Protocol (SLP) framework called mistcoin (MIST). The new token is essentially the first mineable implementation of colored coins on Bitcoin Cash. Mist allows participants to mine the SLP tokens “using...
ETH Miners Will Have Little Choice Once Ethereum 2.0 Launches With PoS
13.6.2020
Once Ethereum becomes a proof-of-stake blockchain, what will happen to the ETH miners, and what will they do?