Right now, the plan for CasperLabs is to support the majority of the research that Zamfir performs on PoS so that they can release a fully decentralized, sharded and scalable next generation blockchain. Zamfir added, in a discussion with CoinDesk, that he will be responsible for producing protocol specifications that support the CasperLabs team to help them understand the technology employed. Zamfir will not be taking on the coding of the blockchain however, as his role is purely for research purposes.So far, PoS has not really been involved in large scale testing. It is one of the many consensus models for cryptocurrency to eliminate the need to use proof of work mining, which involves solving a computational puzzle. Within the model, there are two designs that lead the way for implementation, and one of those was designed by Zamfir called Casper Correct by Construction (CBC).
Ranked 16th by market capitalization on CoinMarketCap, 1 MKR was valued at 4.6 ETH on Feb. 14 the highest level since Oct. 8 and was last valued at 4.37 ETH. The pullback is likely associated with profit taking following a jump to 129 day highs.MakerDAO is a smart contract platform on the ethereum blockchain, backing the value of DAI (DAI) - it 's native stablecoin, which is backed by ether and is soft pegged to 1 USD through a system of Collateralized Debt Positions (CDP). This loan payment system uses ethereum 's ether (ETH) token as collateral, necessary for the governance of DAI throughout the Maker ecosystem.
In 2018, the ethereum network has been hobbled by delayed protocol upgrades, ICO boom hangover and the overall crypto winter.
There are many other changes that the ETC community is moving along right now to try and adapt to a greater reach for the marketplace. Right now, the Crypto Economics Explorer shows as only having 1% of network activity that Bitcoin shows, with only three times that amount of GitHub developer benchmarks.Edilson Osorio Junior, a Brazilian entrepreneur that also acts as the CEO of OriginalMy, spoke with CoinDesk on the addition, saying it will be easier for this blockchain voting startup to look for certain information. He added,
Announced today, Big Blue is joined in this effort by Aetna (acquired last November by pharmacy and health plan provider CVS Health), health plan provider Anthem, Health Care Service Corporation (the largest customer owned health insurance provider in the U.S.) and PNC Bank. These providers combined account for close to 100 million healthcare plans.IBM said additional members will join the Health Utility Network in the coming months, including other health organizations, healthcare providers, startups, and technology companies.
That s how Hudson Jameson, developer relations for the Ethereum Foundation, described the mood in the run up to ethereum s fifth planned system wide upgrade, Constantinople.Expected to activate next Wednesday, Jan. 16, Constantinople is a type of upgrade known as a hard fork which means it needs to be unilaterally installed across all nodes in the network to function as intended.
The companies announced Tuesday that they would be logging Seagate produced drives on the IBM Blockchain Platform to block counterfeits from being utilized in data servers or otherwise distributed to end users expecting genuine products. The partnership will be used for drives intended for IBM servers to begin with.Bruce Anderson, global managing director of IBM Electronics Industry, explained that Seagate has been a trusted supplier for IBM for several years and has provided hard drives for IBM to build into server platforms over that time. As the next stage in this partnership, the two companies will ensure every hard drive in a server can be traced back to its manufacturing point.
The firm announced in a press release Tuesday that its EY Ops Chain Public Edition prototype (;with patents pending;) is the ;world;s first; implementation of zero knowledge proof (ZKP) technology for ethereum.ZKPs are a cryptographic method that allows two parties to prove that a secret is true without revealing the actual secret. In the case of cryptocurrencies and blockchains, this is most often data about transactions.
Announced Monday at Devcon4, the annual ethereum developer conference, EEA (the largest blockchain consortium, with 500 members) released its Client Specification Version 2, which lays out a certification process to ensure ethereum coders are following common standards. In addition, the EEA released the Off Chain Trusted Compute Specification Version 0.5, a way for data to be diverted from the blockchain to some off ledger trusted environment, or piped in from external sources known as oracles via a standard application programming interface (API).
First filed in September 2017 and awarded Tuesday by the U.S. Patent and Trademark Office (USPTO), the patent outlines how a network of monitors connected to a blockchain platform can log events on the network, including potential intrusions. While attackers may try to hide signs of their work on one monitor, having multiple backups of that information will help ensure that such events are still logged, according to IBM."On a computer system or network, data may be monitored for many different purposes. Data monitoring may identify problems, observe conditions or track metrics by logging the events of a given computer system or network," the patent states. Securing such data is critical for a company.
In a speech at the general debate of the 73rd Session of the General Assembly of the U.N. on Sept. 27, Muscat raised Malta's move to set up as a "Blockchain Island" and said that the nation is the "first jurisdiction worldwide" to regulate the technology that "previously existed in a legal vacuum."As reported by CoinDesk, Malta's parliament passed three bills regarding cryptocurrencies, blockchain and distributed ledger technology (DLT) back in June.
The Federal Government's Finance Agency (OeBFA) has assigned banking giant Oesterreichische Kontrollbank (OeKB) to carry out the auction on its behalf on Oct. 2, according to a finance ministry announcement Tuesday.The bank's responsibilities will include deploying the notarization service to authenticate auction transaction data and subsequently store it on the blockchain, the agency explained.
In a conversation with Coindesk, Zamfir revealed that he coded the proof of concept with other developers including Tim Beiko and Steve Marx. But he admitted that it;s ;not even close; to being ready for prime time on the Mainnet. But what they;ve unveiled is the code that will be paramount when it comes time to integrate the game changing technology of sharding on the Ethereum blockchain.The idea of sharding is to divide the Ethereum blockchain into innumerable segments, or shards, which are able to process transactions faster and more effectively. Currently, every node in the network stores all the information. Although this has the advantage of rock solid security, it 's also very difficult. The big disadvantage associated with the current approach is that scalability is severely limited. This is where sharding comes in.
The research, released Friday by iPR Daily, a media outlet specializing in intellectual property, shows that Chinese internet giant Alibaba tops the list with a total of 90 patent applications focused on blockchain related technologies.In second place is IBM, which falls just one short of that total with 89 filings, while Mastercard occupies third place with 80 filings. Bank of America made it to fourth place, with 53 blockchain patent applications.
BTC.com, which claims to have mined 21 percent of all bitcoin blocks last year, will offer the new mining client through its pool.btc.com portal, and will also offer an ethereum block explorer and API, according to a press release. The service will allow miners to switch their hashing power from one pool to another, depending on the market.The move is part of an effort to "help ethereum scale its mining infrastructure," the announcement stated.
Built on IBM Blockchain using Hyperledger Fabric, the open Insurance Data Link (openIDL) system is aimed to simplify regulatory reporting by allowing insurance carriers to store data on a permissioned blockchain for regulators to view on an as needed basis, a press release says.The system would essentially streamline the association's current mission to consolidate and report its members' insurance carrier rating data to various state level Departments of Insurance.
As of press time, the total value of all ether classic (ETC), the cryptocurrency that powers the ethereum classic blockchain, in circulation has topped $2.2 billion, a move that helped it leap from 12th place at the start of the day to 10th place according to CoinMarketCap data.Best known as the original ethereum blockchain, or the version in which funds stolen in a high profile 2016 hack still belong to the attacker, ethereum classic is benefiting from tailwinds provided by major market listings.
The Ethereum Name Service (ENS), which allows ethereum users to replace long addresses with "human readable names" attached to a .eth domain, has partnered with Minds Machines Group (MMX), a company that owns and operates "top level domains" within the internet's Domain Name System (DNS) (others include .com or .uk, for example).Announced on Friday, the collaboration means ethereum users will be able to register their addresses with MMX's soon to be launched .luxe domain, which stands for "lets u xchange easily," offering a more user friendly way to access the blockchain's assets and services like dapps and smart contracts.
Lee announced the news Sunday, adding that he was joining the development team of the HTC Exodus as an advisor. The news comes days after Lee claimed he met with the Exodus' team last week. Lee further confirmed that the Exodus will support the Lightning Network on litecoin natively.He added a disclaimer that the Exodus will still support bitcoin.
This week has been quite hard for Ethereum, the co creator of the Blockchain even acknowledged the problem. Vitalik Buterin tweeted about the recent transaction spam on the ETH Blockchain estimating it to be around $15 million. The increasing gas costs and scalability issues add to the Blockchain s problems.Talking about his experience playing the game, Coindesk author, David Floyd said he ran out of Ether. Apparently, he ran out of crypto even before his fire themed monster called Kyari could reach level 4. The Etheremon game has an interesting gameplay as you move forward. This includes battling other monsters, evolving" your mon into more powerful forms, laying eggs or making trades.