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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.
AMBCrypto

Proposed Ethereum Istanbul Hard Fork Combed With A Fine Tooth At Cat Herders Meeting

During a recent Ethereum Cat Herders meeting, the new Ethereum hard fork known as Istanbul was thoroughly discussed. The Ethereum community has been expecting the hard fork, which will hopefully come through eventually, sometime in October this year. Ethereum is currently still the second biggest cryptocurrency by market cap and is the top chain for […]
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Ethereum’s Istanbul Hardfork: Ethereum Improvement Protocols are yet to be accepted by core devs

Ethereum [ETH], the second largest cryptocurrency and leading smart contract platform, has been preparing for its upcoming hardfork, Istanbul, which is scheduled to happen in October. The topic was recently discussed during the Ethereum Cat Herders meeting, where the team listed out the hurdles core devs are facing. Additionally, another topic of discussion was Programmatic Proof-of-Work [ProgPow], the upgrade proposed to shake off ASIC miners. During the previous Ethereum Cat Herders meeting that was held in May, Hudson Jameson, a member of EF, stated that the ProgPow upgrade would likely not make it to the Istanbul upgrade. This was mainly due to issues surrounding its audit, wherein Hudson stated that the team was looking for other auditors for the hardware audit. This situation continues to remain the same as it was stated that auditing still hadn’t started for ProgPow. It was further said that it was not going to be completed before the deadline, making it “highly unlikely” for ProgPow to make it in the upcoming hardfork. The team also discussed the situation pertaining to the Istanbul hardfork and Ethereum Improvement Protocols [EIPs]. It was said that core devs were currently evaluating various EIPs that were proposed for Istanbul. However, it was also revealed that the meeting held for this discussion was frustrating as most champions were absent during the core devs call, making it “difficult to negotiate the validity of the EIP.” Additionally, so far the core developers have not approved any EIPs. This was followed by the team discussing the possible hurdles the team could be facing with regards to the approval of the EIPs. The first point made was the lack of clarity around the submission dates, during which one of the members, Tim Beiko, pointed out that majority of EIPs were submitted on the last date, adding that all of them were in different stages. The second point was a technical discussion of the proposed EIPs, where it was suggested that such discussions require a better mode of communications. “[…] we are supposed to have our implementation complete in more or less one month, on July 19 and speaking for Pantheon, we have zero EIPs implemented because zero are marked as accepted. So if we get 10 that are marked as accepted five days before July 19, obviously that deadline will slip […]”  The post Ethereum’s Istanbul Hardfork: Ethereum Improvement Protocols are yet to be accepted by core devs appeared first on AMBCrypto.
AMBCrypto

Bitcoin 2 Up 5000%, Litecoin Halving FOMO, Grin Hard Fork, Swiss Crypto & Crypto Resistance

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Grin Network Prepares For First Hard Fork In July

Privacy coin Grin's first hard fork is scheduled for mid-July and will feature upgrades to the cryptocurrency's wallet support. As the first of four planned hard forks, the upgrades are designed to keep mining software in check on the network's two proof-of-work mining algorithms, Cuckaroo29 and Cuckatoo31+.
Ethereum News
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Hardfork news by Finrazor

DIGEST

If you think that the passion after the ВСH fork has evaporated — you are greatly mistaken, because now we are dealing with consequences. Reddit community is actively talking about the benefits/harms of the fork, so you have two options: watching or becoming an active commentator

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DIGEST

This week twitter-community is waiting for the BCH fork, reading Vitalik Buterin and expressing opinions... — nothing uncommon, but quite lively

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HIGHLIGHT

Block Rewards Down to 2 ETH Explained

Last Friday saw an Ethereum Core developers’ meeting dedicated to Constantinople, a planned hard fork of Ethereum. The developers decided to cut block rewards to 2 ETH and postpone the difficulty bomb for 12 months

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OPINION

BCH, we need to talk: what can be the main problem

'Bitcoin Cash may be hard forked in November. Two groups of developers can't agree on its features, releasing their own clients, Bitcoin ABC and Bitcoin SV, incompatible with previous software.' Two coins, two original Satoshi visions. Which one is 'truest'? Will both of them qualify as the vision?

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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.
AMBCrypto

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.
ZyCrypto

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.
Bitcoin Central
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