Blockstream news

A blockchain technology company co-founded by Adam Back, Gregory Maxwell, Pieter Wuille and others, and led by Adam Back. Blockstream is one of a number of institutions that provide funding for the development of Bitcoin Core, the predominant network client software.

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Ethereum 2.0 migration is similar to a hard fork says, Blockstream’s Samson Mow

Ethereum 2.0 project was designed to solve the scalability and consensus problems as Vitalik Buterin , the co-founder of Ethereum said. The much-anticipated rollout features revamp in terms of security, scalability, and decentralization which could not be introduced by means of a hard fork in the existing Ethereum network. According to Samson Mow, the Chief Strategy Officer of Blockstream, “migration of one chain to another, in the case of Ethereum 2.0, is similar to a hard fork”. In the latest edition of Magical Crypto Friends, hosted by Whale Panda, a prominent figure in the crypto space, took a jibe at the network and stated that Ethereum is basically “dumping Ethereum 1 for Ethereum 2” which would require jumping from one chain to another and “starting from scratch”, and subsequently crop up issues of “potential bugs” on the network. Responding to which, Mow said, “You have to expect that everyone is going to give up their old Ethereum or you find a way to migrate it to the new chain. [..] you’re still expecting everyone’s going to migrate right if people don’t migrate then technically you would have the legacy chain alive “ Mow went on draw parallels to the upcoming Ethereum 2.0’s Beacon chain. According to the CSO of the Bitcoin startup firm, the Beacon chain, which is the central blockchain that is responsible for coordinating other Ethereum blockchains, is “similar to Bitcoin main chain”. He further compared the Ethereum’s “shards” to that of Bitcoin’s “side chains”. Following the comparison, Riccardo Spagni, aka Fluffy Pony ridiculed, “so maybe the dream is to take existing stuff that someone invaded for Bitcoin, rename it, and then that’s how you make it real” Mow, who is a Bitcoin bull, had earlier singled out Ethereum and said that the blockchain has “no future”. The post Ethereum 2.0 migration is similar to a hard fork says, Blockstream’s Samson Mow appeared first on AMBCrypto.
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Bitcoin Cash is ‘stupid’ and Roger Ver is a ‘scammer,’ claims Blockstream’s Samson Mow

In the latest edition of Magical Crypto Friends, Blockstream’s Samson Mow, CSO of Blockstream, criticized Bitcoin’s fork coins and their influential proponents. Whale Panda, one of the most popular influencers in the crypto-ecosystem, addressed a myriad of subjects on the episode. One such subject was Bitcoin Cash [BCH] reversing a malicious entity’s transaction via a 51% attack. He started out by addressing the much-hyped fork coin attack and said, “.. after the hard fork someone claimed the segwit coins and two [mining] pools and colluded took them for themselves to redistribute them to righteous owners” Countering the former’s use of the term “righteous owner,” Samson Mow, who has been critical of Bitcoin Cash, took a shot at the community and added, “How do you even know who owned them? [..] they just they gave the coins back under the rule of Finders Keepers” According to Whale Panda, the attack highlighted how vulnerable the Bitcoin hard fork coin is to attacks. Following the statement, Mow called Roger Ver, CEO of Bitcoin.com and popular BCH enthusiast, a “scammer,” adding that the “only thing that matters is that BCash is stupid.” He further explained that the entire reversal of transactions was possible in BCH because of “low hashrate” and would not have happened in Bitcoin Core [BTC]. Agreeing with Mow’s statement, Charlie Lee, creator of Litecoin [LTC] said, “.. that’s true because if Bitcoin Cash, really does like die from this they can just go back to mine Bitcoin and they wouldn’t really lose their cash cow, right. Their miners won’t be worthless, but if they did this on Bitcoin and really hurt Bitcoin’s value, it’s gonna hurt their profitability by quite a bit.” The post Bitcoin Cash is ‘stupid’ and Roger Ver is a ‘scammer,’ claims Blockstream’s Samson Mow appeared first on AMBCrypto.
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Bitcoin can be everything at once; currently it’s best at being a store of value, says Blockstream’s CSO

Bitcoin [BTC], the largest cryptocurrency in the market, has gone from being an electronic cash system to becoming a store of value over the past ten years. The coin has several times been termed as digital gold, with even Grayscale Investments prompting investors to drop gold and be a part of the digital currency revolution by investing in the coin. This evolution of the coin was one of the topics of discussion during the latest episode of Magical Crypto Friends, a segment that includes well-known influencers, Charlie Lee, WhalePanda, Samson Mow, and Riccardo Spagni. A Twitter user, Litecoin-Reekris asked how they felt about “Bitcoin’s primary utility becoming a store of value as opposed to a currency”. To this, the CSO of Blockstream, Samson Mow, stated that “Bitcoin can be everything at once.” Mow further stated that the largest cryptocurrency was different in comparison to Gold as a store of value. Mow stated, “Gold is store value won’t really change. You can have paper certificates or instruments on top of it but it’s still a store of value in the end and everything else is just kind of attached to it.” This was followed by him explaining that this was different in Bitcoin’s case, stating that the cryptocurrency could be used as a currency, could be used as a medium of exchange in Liquid and could be transferred around “really quickly” “So, I think Bitcoin can be everything. It’s just what is it best for at the base layer, right now it’s a store of value and wealth transfer. So, you can move hundreds of million dollars for very cheap relatively; right like, 200 million for five dollars or for a dollar. that’s possible with Bitcoin. so it’s still gonna be functioning like that at the base” The post Bitcoin can be everything at once; currently it’s best at being a store of value, says Blockstream’s CSO appeared first on AMBCrypto.
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Mimblewimble is an extremely lightweight blockchain protocol that can implemented as both an upgrade to Bitcoin or an independent chain. By taking elliptic-curve cryptography several steps further than Bitcoin, Mimblewimble builds upon a number of techniques such as Confidential Transactions, CoinJoin, and One-way Aggregate Signatures and strips down blockchains of all unnecessary data to bring unprecedented scalability and absolute anonymity

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Digital tokens resurrect with value addition after crypto winter

According to OnChainFX, the top 1o legitimate exchanges deliver the trading volume for measuring the real trading volume of the digital assets. Data collected from the LONG HASH website revealed that the majority of tokens had declined to half of their value since attaining the ATH. The most shocking results came out for ETHLend, based on the Ethereum blockchain that used the digital tokens in the form of collateral for transactions. LONG HASH quoted that ETHLend offered a decentralized peer-to-peer smart contract lending in the crypto-ecosystem. The ETH-based token was trending as the investors were constantly using ETH for transactions, which led to its surge before the bear attacks on the market. Tokens such as Holo and Ravencoin maintained their value equivalent to 50% of their ATH as they were initiated after the 2017 bull run. It came as a surprise for crypto users after tokens like Binance Coin and ChainLink underwent resurgence to achieve their ATH, that was higher than the previous ATH mark. Source: LONG HASH As per the graph, tokens achieved their ATHs from December 2017 to January 2018 and then plummeted. Many of the investors missed out on this bull rush in the crypto market. As the market conditions did not remain the same for a longer duration, tokens slipped into the phase, commonly known as the crypto winter, among the digital asset enthusiasts. LONG HASH shared growth rate of ChainLink and tweeted, “Chainlink (LINK) is having a pretty good day”. Some tokens like BNB and LINK have been performing well and the community can take comfort from this. The post Digital tokens resurrect with value addition after crypto winter appeared first on AMBCrypto.
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Stellerro is set to issue tokenized equity through Spanish-regulated Security Token Offering (STO); Public sale opens June 17th

TEL AVIV, Israel, June 17th, 2019– Stellerro, an alternative investment banking platform, automated, in-scale, determined to bring liquidity to the digital era will launch its STO on Monday, June 17th, 2019 at noon ET. Stellerro, a Spanish-Israeli based alternative investment banking platform is pleased to announce the launch of its new Security Token Offering public sale. Self-founded in mid-2018 by an experienced group of entrepreneurs from the Israeli capital markets & fintech industries, all are Blockchain veterans: Aviad Gindi – CEO, Dror Medalion – GM, Elad Kofman -CSO, Noam Barnea -CTO & Liron Rose – Advisory lead. Stellerro was created to assist asset owners, funds, entrepreneurs & startups in taking part in an alternative method of fundraising. Stellerro believes that as the blockchain ecosystem matures, digital offerings will become easier to access and invest in. The ever-advancing secured technology, transparent approach, the inclusion of new financial titans and a strong blockchain congregation are all unified to create the most important thing Investors seek for — Liquidation & Tradability. Stellerro’s funding goal is €5 Million which it plans to utilize for R&D and business development expansion. The company is expected to generate revenue for investors starting Q4 2019, based on its financial projections. The public offering starts on June 17th, 2019 and will last for 2 months until August 16th, 2019. STRO tokens will grant the investors economic rights and dividend from the firm quarterly revenues. To ensure a fully regulated environment, investors will go through KYC & AML procedures in order to acquire STRO security tokens.  Join the public sale today at www.stellerro.com or contact the team for any inquiry at: info@stellerro.com.   Stay tuned for more: Site · Facebook · Twitter · Linkedin · Instagram · Reddit · Telegram The post Stellerro is set to issue tokenized equity through Spanish-regulated Security Token Offering (STO); Public sale opens June 17th appeared first on ZyCrypto.
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Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week: Report

Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week: Report Social media giant Facebook will unveil the Libra Association, which will operate its bespoke cryptocurrency Libra, on June 18, cryptocurrency news outlet The Block reported on June 14. Per the report, Facebook and dozens of its partners will unveil the Libra Association — which […] Cet article Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week: Report est apparu en premier sur Bitcoin Central.
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