Technology News

Ethereum’s First Production Scaling Project Is Here – But With a Catch

A TechStars-incubated startup has launched what looks like the first production-ready platform designed to increase the capacity of ethereum. Called Loom Network, the little-known company is today releasing a developer toolkit that makes it possible to deploy scalable ethereum apps on the second-largest cryptocurrency network, effectively leapfrogging ongoing efforts such as Raiden Network and Plasma. For network users, the timing of the release couldn’t be more welcome. Scaling has long been top of mind for stakeholders of major cryptocurrencies, and on [...]

Read more...

A Bitcoin Twitter War Is Raging And No Account Is Safe

“Paging @Bitcoin. These tweets don’t help anyone.” At first glance, the tweet, from Investor and entrepreneur Nick Tomaino, might not be distinguishable in the all-out flame war that crypto Twitter – and all crypto social media – has become. But while the situation has long been simmering, Tomaino’s tweet comes at what might be a new boiling point, following what was arguably the account’s most controversial message in history. The Bitcoin Core (BTC) community relies on internet hate mobs, trolls, sockpuppets, [...]

Read more...

Blockchain Needs Some Centralization, Says Chinese SEC Official

An official from one of China’s financial regulators argued at the “Two Sessions” conference in Beijing on Sunday that blockchains are better if not completely decentralized. Acting as a policy advisor at the Chinese People’s Political Consultative Conference this week, Zhang Ye, head of the technology unit at China’s Securities Regulatory Commission, encouraged the public sector in China to embrace advanced technologies such as artificial intelligence and blockchain technology in public services. However, at the same time, he cautioned that, [...]

Read more...

Forking a Fork: ‘Bitcoin Private’ Copies Zcash But What’s it Worth?

A fork of a fork of a fork? With Friday’s birth of a new coin called “Bitcoin private,” the cryptocurrency space just keeps getting more meta. The much-discussed launch finds the cryptocurrency being created from a copy of the zclassic cryptocurrency (itself a copy of zcash, which was a copy of Bitcoin). But if that sounds crazy, it’s all – allegedly – in the spirit of innovation. “The big experiment with airdropped coins was that they’ll just fail, and if people are getting free [...]

Read more...

Ripple Papers Promise New Start for $40 Billion XRP Cryptocurrency

The startup that oversees development of the world’s third most-valuable cryptocurrency, XRP, is moving to upgrade the underlying technology on which it operates. Announced Wednesday, San Francisco-based startup Ripple is releasing two new white papers for peer review – one describing XRP’s consensus algorithm in a more formal way and the other outlining a way to improve the diversity of connections of each node, the software users run to relay and verify transactions on the network. Taken together, the moves show [...]

Read more...

Video: Joe Lubin on Building One of Blockchain’s Biggest Companies on Ethereum

This article is an entry in CoinDesk’s Most Influential in Blockchain 2017 series. Blockchain may be an early-stage technology, but it’s big business already. In this video interview, ConsenSys CEO, and one of CoinDesk’s Most Influential people, Joe Lubin discusses his company’s explosive growth, the value of cryptocurrencies and the social impact of his startup’s work. How do we go from analog to digital finance? And what does this distributed future look like? Read our featured article here or hear his story in his [...]

Read more...

Bitcoin Classic Announces Closure In Wake of Segwit2x Suspension

Proposed Bitcoin scaling solution Bitcoin Classic has announced it will be closing its doors, claiming Bitcoin cash is now achieving what the project set out to do. Speaking in a blog post, release manager for Bitcoin Classic, Tom Zander, said that, given the suspension of the Segwit2x hard fork, Bitcoin’s scaling problem will continue, and the functionality of Bitcoin cash will likely surpass that of Bitcoin. Zander wrote: “In at most 6 months I’m sure we’ll just drop the ‘Cash’ and [...]

Read more...

Bitcoin Startup RSK to Launch Smart Contracts Sidechain in 2017

One of the most-anticipated Bitcoin projects is planning a live network launch later this year. Revealed in an interview with CoinDesk, startup RSK aims to soon go live with technology that will bring smart contract functionality to Bitcoin in the form of an interoperable sidechain. According to RSK co-founder and chief scientist Sergio Lerner, with the formal launch, users will be able to use ethereum-like tools on Bitcoin for the first time. As profiled by CoinDesk, sidechains allow for tokens [...]

Read more...

Bitcoin Meets Netflix? Laolu Is Building a Lightning-Powered App for That

A principal developer of the Lightning Network, Olaoluwa “Laolu” Osunokun is understandably interested in tools that could be made possible by Bitcoin. But while most developers have been focused on ironing out Bitcoin’s much-discussed protocol-level problems, Osunokun is taking a notable step in that he is actually considering launching a production application on top of the network. Despite the volatility of the scaling debate, and the uncertainty of just how many forks there will be, Osunokun is going so far as [...]

Read more...

Ethereum Developers Optimistic Ahead of Byzantium Blockchain Fork

Ethereum’s core developers assembled yesterday for a final scheduled meeting before the blockchain network, the world’s second-largest by total value, undergoes its next upgrade, expected on October 16. Held via Google Hangouts at 14:00 UTC, the discussion centered on ensuring all ethereum clients upgrade their software in unison so as to avoid any unintended splits. For the fork to occur across all nodes uniformly, clients need to include the necessary changes that accompany the upgrade – called Byzantium – as well as the trigger [...]

Read more...