Metropolis news

The 3rd stage of the Ethereum upgrade which includes introduction of zk-snarks, early PoS and account abstraction.

World latest news

Max’s Corner 5: Hard Fork Special

CoinSpeaker Max’s Corner 5: Hard Fork Special Here we will give you an in-depth look at the Constantinople / St. Petersburg hard fork and what caused it, Tron’s Odyssey 3.5 fork, and fill you in on what you can expect from Bytecoin’s own upcoming hard fork. Constantinople and St. Petersburg Hard Forks Take Place Without a Hitch The story that has garnered the most headlines this past week is that Ethereum has finally completed its Constantinople Hard Fork, which was originally scheduled to take place in November of last year. The hard fork was delayed twice. The first delay that pushed it from November all the way into this year was due to network bugs and the second, which moved it from January to March of this year, occurred after ChainSecurity, a security audit company, discovered that code featured in the upgrade was not secure. Had the fork gone through in January, it would have been possible for hackers to exploit vulnerabilities in the code to get ahold of user funds. To understand why the hard fork was originally necessary, you have to look at the way Ethereum developers structured its path of growth. Ethereum scheduled the Constantinople hard fork long ago as part of its trajectory of development. The Ethereum roadmap originally featured four stages of development: Frontier Stage – this was the original state of Ethereum when it was first released. Homestead Stage – Ethereum subsequently moved into Homestead with upgrades across the platform that increased stability and laid a foundation that would enable future expansion. Metropolis Stage – Ethereum is currently in its Metropolis Stage. By gradually improving the scalability and speed of the platform, this stage is supposed to pave the way for the metamorphosis of Ethereum from a Proof-of-Work (PoW) platform to a Proof-of-Stake (PoS) platform. Additionally, the Metropolis Stage has been subdivided into three different levels: Byzantium, Constantinople, and Istanbul. Because of the above mentioned problems, St. Petersburg was added as an amendment to the Constantinople level. Serenity Stage – this is the final stage of Ethereum in which all of its potential as a platform will supposedly be made manifest. Despite the setbacks, the hard fork (and its Petersburg supplement) was scheduled well in advance and was not contested. This differentiates this kind of hard fork from others that have caused significant changes to occur. All of the hard forks we will look at in this digest were or are non-contested, a status that Vitalik Buterin, founder of Ethereum, believes makes them more akin to upgrades than actual hard forks. Still, mistakes can happen and no hard fork or even upgrade is ever a sure thing. However, after all the wait, Constantinople and Petersburg happened without a hitch. The changes consist in five updates that will improve the scalability of the platform while reducing costs. As one of the two main coins that have attracted the most outside attention, what happens with Ethereum ripples across the industry. The delays caused by faulty code and system bugs were not ideal and contributed to what has not been a great year for Ethereum as well as for most other coins. But delays are infinitely better than hacks. We have used this column in the past to look at the security problems that have been plaguing crypto, and we think it is something that we are all obliged to assess if we want to see the full potential of this technology get realized. Tron Launches Hard Fork on Same Date as Ethereum Tron is one of the biggest rivals Ethereum has as a platform designed to host DApps. So, perhaps in order to make a statement, Tron launched their hard fork on the same day that Ethereum launched theirs, following all the delays. The Tron hard fork was called the Odyssey 3.5 upgrade. The most significant changes brought about by the upgrade consist of multi-signature features, new account management options, and performance improvements. Now, according to the release, every transaction that happens on the network will require approval from a permission account. Permission for approvals is granted via signatures; once the threshold for permission is met or surpassed by the weight of all signed accounts, a transaction will be approved. Additionally, the energy ceiling will now be adjusted automatically in accordance with current network conditions and used to create an event listener capable of listening to events in a queue. The main goals of this update were to increase the performance of the platform 50% from its current state and to provide better virtual machine safety for the DApps it hosts. While this hard fork does not seem to have been in the works for as long as Ethereum’s, Justin Sun, the founder of Tron, revealed on Twitter that the hard fork became necessary due to long-standing requests from the Tron community. He also tweeted that he has had numerous “demands from hedge funds, mainstream investors and financial institution [sic]” for the changes, and now, following the fork, Tron is ready. Bytecoin Prepares for Upcoming Hard Fork At Bytecoin we have been preparing for our own upcoming hard fork. The main objective of our fork will be to introduce a number of new features and updates that we have been working on. Not long ago we released the newest version of our Amethyst software, which brought with it some major changes and new possibilities, and the hard fork will in turn bring Amethyst to life. Like with the others above, our hard fork is non-contentious and will not result in two subsequent currencies. The switch will be scheduled when 90 percent of the blocks in a 720 block window are submitted by the new version of Bytecoin software. The updates to the platform include HD wallets with mnemonic backup, new unlinkable addresses, consensus updates, auditable wallets, and a number of other new features. As we elaborated upon on our blog, the addition of auditable wallets will potentially allow our community to expand via blockchain gateways. We believe that the updates that will come with the fork will be appreciated by our current users and also help to expand outward and introduce new people to the benefits our platform has to offer. We have prepared a guide to the hard fork for those who would like to know additional details. Max’s Corner 5: Hard Fork Special
Coinspeaker

Ethereum [ETH] hardfork: Goodbye Constantinople, Hello Istanbul!

Ethereum [ETH], the cryptocurrency second only to Bitcoin and a leading smart contract platform, has always been one of the most talked about projects in the crypto-space since it was introduced by Vitalik Buterin. Over the past few years, the project has marked several milestones, both in terms of development and adoption. The potential of the project was also recognized by several key players within the cryptocurrency space. Notably, among them was Roger Ver, Founder of Bitcoin.com, formerly nicknamed “Bitcoin Jesus.” According to reports, Ver had stated that Ethereum could “overtake” Bitcoin by the end of 2018. In the meantime however, the bear market took control of the cryptocurrency market, which led to the world’s second largest cryptocurrency closing the year with a loss of around 90% of its value. Nonetheless, the project always stood out for its technical advancements, especially with all the buzz surrounding the platform’s shift to Proof-of-Stake [PoS] consensus mechanism. The upgrade was in the spotlight during the recent Ethereum Devcon, with Vitalik giving a brief introduction to Ethereum 2.0. Based on the roadmap, to get to the final phase, Ethereum would have to first complete the first three phases: Frontier, Homestead, and Metropolis. The first two phases were checked out by the Ethereum Foundation a long time ago. Metropolis Unlike the first two phases of Ethereum – Frontier and Homestead – Metropolis was divided into two: Byzantium hardfork and Constantinople hardfork. According to the official blog post, this phase is “when we [EF] finally release a relatively full-featured user interface for non-technical users of Ethereum”. Byzantium hardfork was one of the smoother upgrades and introduced eight Ethereum Improvement Protocols [EIP]s. All of these protocols went live in October 2017 on block #4,370,000. The key feature of the upgrade was the delay of the difficulty bomb, reducing the block reward from 5ETH to 3ETH. However, Constantinople, the second half of Metropolis, faced several hurdles, with the fork being pushed to a further date twice. This upgrade was also one of the most-awaited in the Ethereum community. The initial proposal for the upgrade consisted of five Ethereum Improvement Protocols, with the main spotlight again on the delay of the difficulty bomb and the thirdening – reduction of the block rewards further from 3ETH to 2ETH. The first time the upgrade was delayed, it was due to issues faced during the Ropsten Testnet Constantinople hardfork. The second was when it was discovered that one of the proposed improvement protocols made way for a Reentrancy attack. This hardfork was pushed to February 2019, and scheduled to occur on block #7,280,000. In order to solve the vulnerability issue, the team decided to have two hardforks, Constantinople and St. Petersburg, both of which would occur on the same block. This first upgrade would implement all five proposed protocols and the second upgrade would either disable the EIP paving way for the vulnerability or downgrade the update. This was later declared successful by the members of the Foundation, with the hardfork taking place on February 28, 2019. Hello Istanbul! The team is currently getting ready for the next hardfork, which will take place in about eight months from now. According to reports, this hardfork could also include the proposal made for Constantinople hardfork, and the estimated deadline to submit all the proposals for Istanbul is slated to be May 2019. However, July 2019 would see the soft implementation of Istanbul compatibility on all Ethereum clients and August 2019 is the estimated timeline for the Testnet upgrade. Finally, the hardfork is expected to go live in the month of October, 2019. Other upgrades in Pipeline: Apart from Istanbul, other upgrades the team is focusing on are Ethereum 2.0 aka Serenity, the final phase and ProgPow implementation. ProgPow, aka Programmatic Proof-of-Work is the upgrade that is much-awaited by the mining community of Ethereum. Due to rising concerns over centralization, this implementation will reportedly bring down the control of ASIC miners and support the GPU mining part of the community. Serenity is the final phase of Ethereum. The main highlight of the upgrade is the shift from Proof-of-Work consensus algorithm to Proof-of-Stake Consensus algorithm and the introduction of Beacon and Casper on Ethereum. This phase would also make way for the eWasm upgrade. The post Ethereum [ETH] hardfork: Goodbye Constantinople, Hello Istanbul! appeared first on AMBCrypto.
AMBCrypto

Constantinople Will Improve Ethereum But Will ETH Dump?

Ethereum prices bearish, strong liquidation at $170 Constantinople in progress Transaction volumes increase in last weeks but will accumulation trigger bulls After previous attempts flopped, we expect the ongoing Constantinople upgrade to be a success. Whether that will rouse price action, we don’t know, but for bulls to be firmly in control, prices must rally above $170 or Dec 2018 highs. Ethereum Price Analysis Fundamentals As you read this, Constantinople software upgrade may be in progress and the second stage of the Metropolis could see Ethereum trudge closer to proof of stake in Serenity. In a two-way fork—a separate upgrade in St. Petersburg because of vulnerabilities presented in the last update, Ethereum will implement all their EIPs ensuring that the network is efficient, delaying the difficulty bomb by another year and reduce ETH rewards for miners from three to two in “thirdening.” However, a source of controversy is the implementation of CREATE 2, a proposal forwarded by Vitalik Buterin. There are concerns from the developer’s fraternity that interaction with smart contracts outside of Ethereum will create loopholes that would leave the blockchain open to attacks. Unlike other contentious hard forks, coin holders need not worry about their stash unless otherwise notified by the foundation: “If you use an exchange (such as Coinbase, Kraken, or Binance), a web wallet service (such as Metamask, MyCrypto, or MyEtherWallet), a mobile wallet service (such as Coinbase Wallet, Status.im, or Trust Wallet), or a hardware wallet (such as Ledger, Trezor, or KeepKey) you do not need to do anything unless you are informed to take additional steps by your exchange or wallet service.” Candlestick Arrangements Like most coins, ETH is in an uptrend, but prices are trending in tight trade ranges. The second most valuable coin is down 8.5 percent from last week’s close and trading inside the bear bar of Feb 24. In an effort versus result point of view, sellers have the upper hand. Regardless, ETH/USD is within a bull breakout pattern thanks to Feb 18-19 upswings that saw prices rally and conclusively close above $135. Therefore, considering this price action alignment, we shall consider Feb 24 draw down a retest, and for risk-off traders, every low should be a buying opportunity. Meanwhile, risk-averse and conservative type of traders can only ramp up once prices rally above $170—our main resistance level and Dec 2018 highs. Technical Indicators Our anchor bar is Feb 24 because it has high transaction volumes—880k versus 415k according to BitFinex data streams. Bulls are in control but for trend continuation, a bar that will cause a sharp reversal of trend must have high trade volumes exceeding recent averages of 365k or 900k above those of Feb 24. Constantinople Will Improve Ethereum But Will ETH Dump? was last modified: February 28th, 2019 by Dalmas NgetichThe post Constantinople Will Improve Ethereum But Will ETH Dump? appeared first on NewsBTC.
NewsBTC/analysis

Ethereum Price Analysis: ETH Pumped, Clears $135 as Bulls Gear for $170

Latest Ethereum News Transactional volumes are up and so is demand for ETH. But it appears as if it is not localized to Ethereum (ETH) alone. Almost all smart contracting and token issuing platforms are up but it is ETH that has cemented its position as the second most valuable coin in the space. Read: Singapore’s ABCC Exchange Acquired Collectively by Investors, Plans to Make World-Leading Platform Up 22.2 percent in the last week, bulls are vibrant and some are speculating that this excitement is around Constantinople activation. Trackers put the final implementation in roughly ten days and in a two-stage software upgrade, the Metropolis will be complete as the path towards Casper and Serenity is set rolling. Hopefully, Constantinople will be a success and despite dump downs that usually follow hard forks, a smooth transition will see two EIPs go live. Petersberg will make amends, riding the buggy EIP 1283 and sealing off the possibility of re-entrance attack but what is important is the postponement of difficulty adjustment for another 12 months. Once this goes live, it will set in a mini-ice age as Ethereum work towards transiting from a proof of work system to a proof of stake algorithm. Also Read: Crypto Expert Claims Short-Term Bear Market Calls for a “Melt Your Face Off” Rally, $750,000 Price Pump At the same time, Thomas Chippas, the head of ErisX, is reviving talks of a possible Ethereum Futures. By filling a letter with the US CFTC, Thomas argues that Ethereum is an extension of Bitcoin functionality and approval of a regulated investment vehicle will help promote innovation while strengthening the derivative market. ETH/USD Price Analysis Clearly, our ETH/USD trade conditions are now live and with prices rallying past our minor resistance level and buy trigger line at $135, risk-off traders are deep in the green. Combined with supportive fundamentals as well as favorable candlestick arrangements, bulls of mid-Dec 2018 and early Jan 2019 are back. Notice that aside from increasing market participation levels and swelling demand, prices are springing off the 61.8 percent and 78.6 percent support zone. When we refer to historical price movements, it is likely that ETH will rally towards the first major resistance at $170 and that means conservative traders with positions at $150 are likely to get in at fair prices. It is after ETH bulls drive above $170–all of which are important resistance levels especially when we factor in bear breakouts of mid-Nov is when traders can project first targets at $250 and even $300. On the flip side, if there is liquidation at $170, it is likely that ETH prices will dip back to $150 and even $100 as sellers of Nov 2018 flow back in a bear trend resumption phase. All Charts Courtesy of Trading View–BitFinex Views and opinions expressed are those of the author. This is not investment advice. Trading of any form involves risk and so do your due diligence.
Bitcoin Exchange Guide

Constantinople Countdown: Ten Days for the Next Ethereum Hard Fork and Why Is It Important?

The second largest digital asset in the market, Ethereum (ETH), is going to experience a network upgrade as soon as in ten days. After delaying the so-called Constantinople upgrade several times, the network upgrade is going to take place at block number 7080000. This upgrade is very important for Ethereum’s development. Indeed, the digital currency will have a reduced issuance of ETH as a reward for miners. Each block will be giving miners 2 ETH rather than the 3 ETH that they were receiving a few weeks ago. This is very bullish because there will be less ETH for users in the market. If there is a constant or growing demand in the asset, this could be very positive for the price of ETH. This hard fork is the second phase of Metropolis. The first two stages of Ethereum were Frontier and Homestead. After implementing the Metropolis stage, the network will move towards Serenity, introducing Proof-of-Work (PoW) and Plasma on Ethereum. The Constantinople hard fork was going to be launched during 2018, but as the network experienced some issues, it was not possible to launch it on time. ChainSecurity discovered that one of the Ethereum Improvement Proposals (EIP) would make some smart contracts vulnerable to Reentrancy attacks. However, Ethereum developers decided to solve this with two hard forks taking place on the same block. That means that the first hard fork will be implementing the five EIP proposed, while the second will disable the protocol that could enable Reentrancy attacks. The hard fork is expected to take place on February 28, 2019. We are currently more than 43,900 forks away from the hard fork to take place. At the time of writing this article, Ethereum is the second virtual currency in terms of market capitalization with $15.28 billion. Each ETH coin can be purchased for $145 and in the last 24 hours, it grew more than 12%. One of the reasons behind this price increase is the fact that the hard fork is bullish for the Ethereum network.
Bitcoin Exchange Guide

Ethereum [ETH] Constantinople hard fork scheduled to take place in ten days

Ethereum [ETH], the second largest cryptocurrency by market cap and leading smart contract platform, rose to claim the throne of the biggest gainer earlier today. Additionally, most of the coins in the market seem to have gained their momentum from the second largest cryptocurrency in the market. According to CoinMarketCap, at press time, ETH was trading at $139.24 with a market cap of $14.6 billion. The coin showed a trading volume of $4.84 billion and recorded a rise of over 14% in the past seven days. More so, ETH is also making strides in terms of development. The project is currently focused on its upcoming upgrade, Constantinople, which is also one of the most awaited hard forks of the year. This hard fork is the second phase of Metropolis – The upcoming phase, the third stage of Ethereum. The first two stages of Ethereum were Frontier and Homestead, and the next stage after Metropolis is Serenity, the stage that introduces Proof-of-Stake [Beacon and Casper] and Plasma on Ethereum. Constantinople hard fork was initially set to take place towards the end of 2018. However, due to issues that were discovered in the Rinkeby Testnet, the hard fork was pushed ahead to take place in the month of January 2019. The block that was supposed to upgrade the entire network was #7080000, but this was cancelled on the eve of the scheduled date. This time, one of the bug bounty teams of Ethereum, ChainSecurity discovered that one of the Ethereum Improvement Protocols’ [EIP] would make some smart contracts vulnerable to Reentrancy attacks after the hard fork occurs, resulting in the key stakeholders of Ethereum deciding that the best solution would be to delay the fork again. In order to solve this problem, Ethereum developers came to a consensus that there would be two forks that would be taking place on the same block, Constantinople and Petersburg. The first fork would implement all the five Ethereum Improvement Protocols and the second fork would disable the protocol that enables Reentrancy attacks or allows them to downgrade. According to the recent announcement, the hard fork is estimated to take place on 28 February, 2019, ten days from now. The fork will occur on block #7,280,000 around 6:07:41 PM UTC. The data presented by Amerdata shows that at press time, there are around 43,950 blocks remaining before the fork takes place. The post Ethereum [ETH] Constantinople hard fork scheduled to take place in ten days appeared first on AMBCrypto.
AMBCrypto

Ethereum Q&A: Scaling decentralized organization

Instead of DAOs, how about decentralized autonomous societies (DAS), decentralisation at a societal scale? These are still very immature technologies. The use case for smart contracts and DAOs will first be in small-scale corporate governance and associations, before they could influence the structure of large-scale models of organization. The problems are super-state entities are due to those in power being removed from the consequences of their decisions. Why are there so many sharks and scams in these areas? Decentralization is the poison pill of large organizations designed to centralize more and more power. CORRECTION: At 5:00, I mention "the difference between democracy and demarchy." What I meant to say was "pure democracy," not demarchy, which is 'rule by the randomly selected.' These questions are from the 'Internet of Money' tour event in Seattle and the November monthly Patreon session, which took place on November 10th and November 17th 2018, respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop RELATED: The Lion and the Shark: Divergent Evolution in Cryptocurrency - https://youtu.be/d0x6CtD8iq4 Investing in Education instead of Speculation - https://youtu.be/6uXAbJQoZlE Ethereum, ICOs, and Rocket Science - https://youtu.be/OWI5-AVndgk Slush17 Panel: Farewell to Centralised Data - https://youtu.be/ul0aGzF-v5c Blockchain vs. Bullshit: Thoughts On The Future of Money - https://youtu.be/SMEOKDVXlUo Why I'm writing 'Mastering Ethereum' - https://youtu.be/So6WERp7vLY What is Metropolis? - https://youtu.be/nmGu2mCpm90 Smart contract platforms - https://youtu.be/XU8Bc5oxneE Smart contracts, sidechains, and the Lightning Network - https://youtu.be/wfxticQHvaw Impact of smart contracts on law and accounting - https://youtu.be/K-TRzuPwJCc Key management and inheritance - https://youtu.be/W3XADagE6P8 How do smart contracts work? - https://youtu.be/DyAjgkwwgyI The legality of smart contracts - https://youtu.be/eKfnmxSmVF0 Smart contracts and law ambiguity - https://youtu.be/V4VVnWY4lIM Gas and resource allocation - https://youtu.be/HwUJIGlHFes Intrinsic vs. extrinsic assets - https://youtu.be/KDtfFNZy9xg Altcoins and specialisation - https://youtu.be/b_Yhr8h6xnA Ether, ICOs, and securities - https://youtu.be/guBNLSsnAiA Unstoppable code - https://youtu.be/AQx3E3F8Kz4 Airdrop coins and privacy implications - https://youtu.be/JHRnqJJ0rhc Initial coin offerings (ICOs) - https://youtu.be/Q5R8KuxV4A0 The token ICO explosion - https://youtu.be/vdaW8NtJXuQ 'Coin' and 'token' terminology - https://youtu.be/WjWkttUkm58 ICOs and responsible investment - https://youtu.be/C8UdbvrWyvg ICOs and financial regulation - https://youtu.be/Plu_WX3Gs8E ICOs, disruption, and self-regulation - https://youtu.be/yfjgcI8xX3A Scams, gambling, and regulation - https://youtu.be/fTI88YrN1UE ICOs and pyramid schemes - https://youtu.be/8HYWWP1QU7Q Directed acyclic graphs (DAGs) and IOTA - https://youtu.be/lfgMnbb5JeM Scaling and "Satoshi's vision" - https://youtu.be/Ub2LoTcYV54 "Blockchain, not Bitcoin " - https://youtu.be/r2f0HlaRdgo Reflections on the last five years - https://youtu.be/NoCi64uaFT0 Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop https://twitter.com/aantonop Website: https://antonopoulos.com/ He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos! MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9 Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/ THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ Translations of THE INTERNET OF MONEY: Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390 Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/) Outro Graphics: Phneep (http://www.phneep.com/) Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Aantonop

Ethereum Refutes VDF Plans, Shares Intentions On How Funds Will Be Split Between Financial Partners

Ethereum Denies VDF Rumors It had been reported that Ethereum has to make the transition to a proof-of-stake system and was to invest $15 million in the development of Verifiable Delay Functions (VDFs) which would aid this transition. However, Justin Drake, a member of the research team for Ethereum, has clarified that these rumors are false. While Ethereum will be switching to a PoS system, they have no intentions to spend $15 million. “The EF Ethereum Foundation is not looking to spend $15m. We are looking to split funds 50/50 with Filecoin or other financial partners,” he said. VDFs would be beneficial for Ethereum because it is designed to protect networks that make use of randomly generated values from possible attacks and hacks. In the case of a blockchain, a malicious user could take advantage of the random value by predicting the figures to the chosen, thereby manipulating the leaders and validators that will be selected through the protocol. Ethereum as a network has been very cautious about protecting its network from possible attack, particularly in light of the double spend attack they suffered on Ethereum Classic earlier this year. Moving To A Better Future According to the roadmap for the Ethereum Network, the switch to a PoS platform will take place during the Serenity upgrade, which is the fourth and last stage of the network launch. As of now, the network is in the third stage called Metropolis, which consist of two hard forks which are Byzantium and Constantinople. However, the Constantinople hard fork was recently postponed after some bugs were found in the system. The Serenity stage is more than just the last stage in the Ethereum Network project but is also the stage by which many of the problems that currently plague the network will have been addressed such as scalability, mining centralization, economic finality, and security. The issue of scalability is particularly important as it was recently revealed that Ethereum only had 6 percent of the d’App market and one of the reasons given for this was its scalability problem which has pushed developers to other competing platforms such as EOS and TRON, who control and combined 94 percent of the d’App market. By instituting these improvements in Serenity, Ethereum will be able to more aggressively compete in the d’App market and can capture a larger market share. On top of this, users will have access to new and improved features that will make their use of the platform easier. Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) Price Analysis Watch (Feb 8th)
Bitcoin Exchange Guide

As Rumors Fly, Ethereum Foundation Insists $15 Million Will Not Go To Verifiable Delay Function Development

As Rumors Fly, Ethereum Foundation Insists That $15 Million Will Not Go To Verifiable Delay Function Development CoinDesk is a crypto news outlet that often reports on the new developments in the industry with great accuracy. However, according to the Ethereum Foundation, a recent report was entirely inaccurate of their upcoming plans. While CoinDesk reported that a $15 million allotment is meant to help with the development of the Verifiable Delay Function (VDF), which the Ethereum Foundation is now denying. The report showed that the Foundation was considering the use of VDFs in the move from their current system to a proof-of-stake (PoS) network, as CoinDesk reported their consideration of a $15 million investment. However, as Ethereum Foundation researcher Justin Drake wrote to Cointelegraph, this report is not entirely true. Drake stated, “The EF [Ethereum Foundation] is not looking to spend $15m. We are looking to split funds 50/50 with Filecoin or other financial partners.” The VDF technology uses the creation of random values on a network to protect a network from attack. In relation to a blockchain with a PoS consensus algorithm implemented, this type of function can stop any participant from manipulating or influencing the randomness. Through the protocol, leaders and validators are elected. The transition for Ethereum will come with the final upgrade, which has been referred to as both Serenity and Ethereum 2.0. It is the fourth and final stage that Ethereum originally described in their roadmap. The other stages have already been completed, and the network is presently running in the third stage, which is called Metropolis. Metropolis involves two hard forks that impact the entire system – Byzantium and Constantinople. Essentially, the overall goal of Serenity is to help fix some of the issues that Ethereum has been plagued with, including scalability, security, mining centralization, and economic finality, according to Cointelegraph. The pre-release of phase zero in the transition to this next upgrade was announced earlier this month. Ethereum co-founder Vitalik Buterin said that the pre-release was “*basically* feature complete for Casper.” Casper is a hybrid consensus model that is based on a PoS-Proof-Of-Work algorithm that the Foundation is working on. Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) Price Analysis Watch (Feb 8th)
Bitcoin Exchange Guide

Serenity Pre-Release Launched for Ethereum’s Transition to 2.0 Network

Serenity, which is the 2.0 version of the Ethereum network, has been in the works for quite some time now. In a post on the platform’s GitHub, the company has stated that the first pre-release for phase zero had officially launched, as of January 31st. The post states, “The marks the first release in a series of weekly releases through February 2019. Phase 0 in v0.1 is relatively feature complete and approaching stable. Subsequent changes will occur on dev branch and only merged into master during a release accompanied by a changelog.” Serenity is planned to be the final network as Ethereum shifts from proof-of-work to proof-of-stake algorithms. The company believes that this upgrade will manage the scalability, security, and economic finality that they have been striving for. Serenity is Ethereum’s fourth stage in a series of milestones indicated in the company’s roadmap. The stage preceding Serenity, Metropolis, involved the Byzantium and Constantinople hard forks, and their implementation was crucial to preparing for Serenity. However, when a vulnerability was found in the Constantinople hard fork, the company was delayed in January. The vulnerability would have made it possible to use certain commands to perform reentrancy attacks, but it was found by the ChainSecurity smart contract audit firm quickly, allowing Ethereum to make necessary adjustments. Vitalik Buterin, the co-founder of Ethereum, said that the first pre-release for this stage is “*baaasically* feature complete for Casper.” Casper was originally published as a hybrid consensus model between PoS and PoW that helps with the security and economic finality of the company. Casper FFG is the full name of this model, which stands for “Casper the Friendly Finality Gadget.” In this 2.0 version, a particular point of interest is sharding scalability, which makes it possible to process smaller groups of nodes to break up the transaction processing speed, ultimately posting to the blockchain faster. Along with the pre-release, investors can look forward to the Gorli testnet, which just launched yesterday. It will be trialing Prysm, which is a sharding client that will be crucial to Serenity. Developers can use the testnet to see how smart contract and upgrades will work in a simulation, which means there will be no computation fees (“gas”) for performing the transactions. Gorli was built by the community as an open-source initiative, and it will ultimately serve as a connection for synching Parity, Geth, Nethermind, Pantheon and EthereumJS, along with other Ethereum clients.
Bitcoin Exchange Guide

Deloitte and Omega Software Battle Out to Integrate Decentralized Ledger Technologies in Croatia

Europe is one of the fastest growing regions in blockchain technology as more countries and governments become friendly to the technology. The development progress in Russia, adoption in the crypto valley in Zug, Switzerland and financial options of digital assets in London show the acceptance of blockchain in the region is doing well. The latest country to join the blockchain adoption train is Croatia, as several top firms in the country have submitted project proposals to implement decentralized ledger technologies (DLT). In an announcement from one of Croatia’s press releases, Vecernji, three companies are fighting it out for exclusive rights to launch DLTs and possibly blockchains in the country’s capital Zagreb systems. Deloitte, a global professional services firm, New technologies, the only major Croatian software company created by the merger of IT Systems and Omega Software, the first open source software in Croatia are the companies pushing for the rights to launch DLTs for the metropolis of Zagreb. The government has estimated the total amount needed for the process of installing decentralized systems to cost about 1.5 million kuna in total. The bids submitted on Friday by the three companies quoted fewer amounts in what has been a very competitive bidding process. The lowest was Deloitte who put their total cost for the project at 965,090 kuna excluding VAT while Omega Software and New Technologies offered 1.43 million kuna and 1.48 million kuna without VAT respectively. Speaking on the latest developments, the deputy mayor of Zagreb, Olivera Majic stated that the cities will soon have to implement blockchain to solve its issues. With the country facing issues in data management, blockchain development will be a key factor in ensuring the cities’ problems are solved. “It's part of the wider transformation of business processes in the city that is doing us very well.” The efforts to integrate decentralized technologies solve the problem of the validity of digital certificates which cannot be stored for over 10 years. The city of Zagreb warns that electronic documents will be protected by e-signature or e-signature, or some form of a digital certificate, and all digital certificates have short and limited validity. As an example, it states that Fine certificates are valid for two years, and AKD's five. After the validity of these certificates expires, the City interprets the legitimacy of the credibility of each e-document.
Bitcoin Exchange Guide

Ethereum Price Analysis: ETH is Down 2.4% and Will Find Supports at $100 In Coming Days

Latest Ethereum News Metropolis is Ethereum’s hard fork and while the community is split on what they really think of Serenity and proof of stake, the part towards that state-and away from proof of work—has been determined. Towards this path, the consensus is that a manual intervention must be reached. Read: Bulgaria’s RGCoins Crypto Exchange Owner Gets Extracted to the US for ‘Organized Crime’ This will involve the activation of Constantinople whose main highlight is the difficulty bomb postponement and reduction of miner rewards from three to two. The event is known in the inner circles of Ethereum as “thirding” ushers in the ice-age where miners would have to contend with low rewards at the face of increasing production costs and scarce blocks. Note that in the bid to slash rewards, the network will have to adjust its difficulty delaying block time. Reports indicate that the network is already experiencing what observers have termed as “mini-ice age”. From Etherscan, the number of ETH in circulation has reduced from 20k to roughly 15k. The reduction in total supply has also seen an increase in block-time from 15 seconds to 18 seconds. Also Read: Tangem to Make the World’s First Blockchain Sovereign Currency Banknotes for the Marshall Islands Whether this is in readiness for Feb 27 events isn’t yet clear but what we do know is that any postponement of Constantinople could lead to disgruntlement, subsequent loss of confidence and an inevitable drop forcing prices below $50 or worse. Ethereum ETH/USD Price Analysis In the charts, ETH is free falling. The third most valuable coin is down 2.4 percent at the time of writing and looks likely to re-test $100 in coming days. Definitely, this will be deflating for the community and it isn’t something we don’t want to see. All the same, our previous ETH/USD trade plan is no longer valid but we retain a bullish outlook for ETH in the short-term. Part of this stems from the fact that $100 is a psychological round number which coincidentally flash with the 78.6 percent Fibonacci retracement level based off Dec 2018 high low. Now, we are banking on ETH prices to find support at this level and bounce off to new highs probably above $120 confirming the Morning Star reversal pattern of mid-Dec 2018. However, if that isn’t the case and ETH melts below $100, then odds are asset prices will likely retest $100 in a trend resumption phase bringing to life losses of mid-November as bears resurface, stepping up gas for new lows below $70. On the reverse side, bulls will have a chance especially if ETH find support today and a bull bar prints. Still, we shall adopt a neutral stand only recommending buys once there are significant, wide-range, high volume close above $135—or Jan 14 highs. All Charts Courtesy of Trading View–BitFinex Disclaimer: Opinions are those of the author. Do your Research.
Bitcoin Exchange Guide
More news sources

Trending

Hot news

Hot world news

Tron Based ‘Stable Coin’ to Start Trading At Huobi and Okex Exchange

Okex and Huobi Global have added support for USD Tether pegged to the US Dollar built on Tron. Tron Foundation built the ‘stable coin’ collaboration with Tether. Currently, the two Exchanges support three stable coins markets USDT-Tron (TRC20), USDT-OMNI, USDT-ERC20 (Ethereum). The token will be launched on 30th April 2019 on the Okex and Huobi Global Exchanges. According to the press release by Okex: In order to meet users’ demand for stablecoin trading, OKEx will support USDT-TRON, the TRC-20 based USDT token co-developed by TRON and Tether, as well as the airdrop for USDT-TRON holders. …It has a TRON deposit address and uses the TRON network for depositing and withdrawal. Rewards for Early Adopters and Tron’s Growth The annual percentage return (APR) of the USDT-TRON token has been designed to give out rewards for its early adopters. The initial APR is 20% which will, however, reduce with time. Nevertheless, the program is supposed to roll out investments for a total of 100 days. The total amount of incentives will be $20 million. The incentives will be rewarded in USDT-TRON only. Justin Sun has implored the users of the Exchanges to adapt to swap from USDT-OMNI – USDT-TRON. #Hodl USDT-TRON to earn initial 20% APR in USDT-TRON. 100 day campaign. $20M initial budget no hard cap. Just sayin'. 😎 $TRX $BTT pic.twitter.com/jyo7QcrtbE — Justin Sun (@justinsuntron) March 21, 2019 The Stable coin will be available on major exchanges, and the reward programs are lucrative. Therefore, the number of transactions on the Tron Network would increase significantly. Tron has built a vibrant ecosystem for Dapps and issuing digital asset. The move will foster the growth of Tron. It will also help the exchanges take advantage of the transaction capabilities of Tron which is considerably cheaper than Ethereum currently. The returns proposed by ARP are highly lucrative. Will you swap your stable coins to earn the rewards?  The post Tron Based ‘Stable Coin’ to Start Trading At Huobi and Okex Exchange appeared first on Coingape.
CoinGape

Get EOS Airdrop Token Every Hour Is Now Possible on Infinito App Square with PRA CandyBox!

SINGAPORE, Mar 22, 2019 - (ACN Newswire) - Infinito Wallet's crucial partnership with global leading EOS block producers and block producer candidates comes along with valuable benefits for users. This March 13th, support for EOS DApps will officially be available on Infinito Wallet's newly launched App Square and the well-known EOS token distribution DApp - PRA CandyBox will be at Infinitors' service along with a great deal of airdrops everyday.Developed by ProChain based on the EOS main network, PRA CandyBox is the top 1 EOS DApp listed on DappRadar and the only airdrop-related dApp among the top 100 dApps as of 19 February 2019. With the join of this DApp, Infinito Wallet's users are now gifted with EOS candies everyday or even every hour. To be specific, the amount of EOS airdrops users can get daily varies in accordance with their account's level. To heighten level, wallet owners can deposit EPRA token - PRA CandyBox's proprietary token - into their account. This means the more EPRA token users deposit, the more EOS candies and the shorter duration for them. Level 1 accounts are those with less than 1,000 EPRAs, can repeatedly claim tokens every four hours. While top accounts like level 12 are rewarded with up to 12 airdrops every hour. Users can find this DApp inside Infinito App Square, displayed as "Browser" in the Universal Wallet. Convenience is one highlight of this EOS token distribution as PRA CandyBox keeps their airdrop "game" extremely simple. To receive candies, Infinito Wallet's users simply need to click on the airdrop project, input password and tap "confirm". That's it!*Please note that you must own an EOS account ...Full story available on Benzinga.com
Benzinga

Why Square’s Bitcoin Hiring Spree is Crucial for Crypto Adoption

Jack Dorsey, the CEO of Square, the $32.7 billion mobile payment giant based in the U.S., revealed that Square would fund three to four developers and a designer to work on the open-source protocol of Bitcoin and the crypto ecosystem. Independent of the core business strategies of Square, the team of developers and a designer will work to contribute to the cryptocurrency ecosystem in a variety of ways, potentially by contributing to the open-source codebase of the Bitcoin network. #BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the The post Why Square’s Bitcoin Hiring Spree is Crucial for Crypto Adoption appeared first on CCN
CCN

Square is Hiring: You Can Be Paid in Bitcoin if You Want

Twitter and Square founder Jack Dorsey has always been bullish in his Bitcoin views. So it’s no surprise that his payments startup Square is now offering new employees the chance to be paid in Bitcoin. According to tweets from the CEO, the company is on the hunt for skilled labor to add to the team. Square Bitcoin Payments If Dorsey’s tweets are anything to go by, then the company is hiring engineers and a designer to “work full-time on open source contributions to the bitcoin/crypto ecosystem.”  The Square cash app already supports Bitcoin purchases ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Crypto Currency News
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.