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The final stage of Ethereum development which enables a basic transition from hardware mining (proof-of-work) to virtual mining (proof-of-stake).

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Ethereum [ETH] takes another step towards Istanbul hard fork

During the recent Ethereum core dev meeting, the first topic of discussion was the Istanbul hard fork roadmap. Istanbul is the final hard fork before Ethereum steps into the Serenity phase. At the meeting, it was clarified that the team would move ahead with the roadmap created by Afri, a former member of the Ethereum Foundation. According to Ethereum wiki, the Istanbul upgrade is likely to go live in October 2019. The first step would be the CoreDev meeting, which is supposed to take place in Berlin in April 17, 2019. The deadline for the acceptance of all the proposals for the Istanbul hard fork will close within a month of the meeting. July 19 would be the approximate soft deadline for major client implementations, and August would see the hard fork go live on Ethereum’s testnets, Ropsten, Gorli, or ad-hoc testnet. Source: ETH Magicians Hudson said, “All that being said, let’s start getting some EIPs together to propose before may, we only have about a month and a half until we close down the proposal period and start making decisions on which EIPs are going in. So anyone who had EIPs that they really wanted to go into the last fork, this is a great opportunity to get them into this fork.” The official Istanbul hard fork metadata was noted to be EIP 1679. This “allows folks to signal the EIPs they want to include in the upcoming Istanbul hard fork. To signal an EIP, an individual can open a pull request against the hard fork meta EIP”, reported ETHNews. Fredrick Harryson, a core developer, said, “Propose EIPs that requires a hard fork, they can propose non-hard fork EOPs anytime they want.” The post Ethereum [ETH] takes another step towards Istanbul hard fork appeared first on AMBCrypto.
AMBCrypto

Vitalik Finds Flaws in Digital Delphi’s Ethereum Research, Says Report “Very Unlikely to be True”

Delphi Digital is an international research firm which produces unbiased, actionable content critical themes affecting digital assets and distributed ledger technology. Kevin Kelly and Lan Liberman found Delphi Digital. Delphi Digital has recently published a sixty-five-page report, titled ‘Entering the Ethereum.‘ The articles have made a prospective analysis of the state of the Ethereum Network post its POS update. Ethereum which recently successfully conducted the Constantinople hard fork on Ethereum has many updates outlined for the next two years. The last update outlined on the road map is Serenity, which would finally implement Proof of Stake (PoS) and sharding on Ethereum. A few contradictory points from the report caught the attention of Vitalik Buterin, the co-founder of Ethereum. Vitalik Finds Flaws in the Report, Not in Ethereum  He raised the first point of contradiction about the concerns regarding rewards of staking on PoS. According to the report, at $100 per ETH, a stakeholder with 32 ETH would incur a loss of 26% annually. However, Vitalik claimed that the research had not accounted for the proportionality between the transaction cost and the price of Ethereum. That seems very unlikely to be true. That implies that 1m ETH/year rewards cannot pay for a few hundred times the ethereum's current blockchain load times a ~256 overhead factor. The latter cost is comparable to the operation of the current chain… — Vitalik Non-giver of Ether (@VitalikButerin) March 8, 2019 Vitalik also explanied the fact that “if the cost to process one shard exceeds staking rewards from 32 eth, then that means transaction fees need to go up and/or shard count needs to go down.” Theoretically, the tx cost of a shared chain ultimately only needs to be the cost of downloading and verifying it ~1000 times, which is actually not that high. Anything that can't afford that should definitely be L2. — Vitalik Non-giver of Ether (@VitalikButerin) March 8, 2019 Final Implications of the Report and Vitalik’s Message About Price Nevertheless, after a complete analysis of Ethereum and its future plans, the report by Delphi Digital outlines some interesting conclusions. Firstly, it claims that Bitcoin might still be the number one cryptocurrency in terms of price as it is a better Store of Value. “Bitcoin has stronger characteristics for being perceived as a Store of Value in the long run, however, we believe Ethereum can make some changes to better position itself as one.” Finally, about the shift from PoW to PoS, the report concluded by saying that the risks with PoS can be mitigated and the updates can be made successful. “There is risk in the transition from PoW to PoS, and PoS has a shorter history to evaluate. However, we believe the change could be a net benefit for Ethereum. Since we have refuted the previous arguments why ETH can not accrue value, this is a benefit for the network’s security under PoS.” I personally am definitely uncomfortable making a “moon or bust” shot because there are plenty of possible future worlds where ETH is the #1 cryptocurrency at a price of $100 and we need to survive there too and provide the value that people expect blockchains to provide. — Vitalik Non-giver of Ether (@VitalikButerin) March 8, 2019 As a programming prodigy himself, the Canadian-Russian cryptographer abstained from making any comments on the price of Ethereum. He only seems to be concerned about the development and brand of Ethereum in one of the most robust emerging markets; the Blockchain Industry. The post Vitalik Finds Flaws in Digital Delphi’s Ethereum Research, Says Report “Very Unlikely to be True” appeared first on Coingape.
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Fidelity’s Crypto Head: Ethereum Upgrades Could Delay ETH Integration

Bitcoin First, Ethereum Later At long last, Fidelity’s cryptocurrency subsidiary, the fittingly-named Fidelity Digital Asset Services (FDAS), is nearing a full launch. FDAS chief Tom Jessop, formerly of Goldman Sachs, Standard & Poor’s, among other Wall Street institutions, touched on the subject matter in an interview with CoinDesk. He told the outlet that while the branch’s advent is nearing, they have yet to integrate Ethereum (ETH). Jessop remarked that his organization has created an evaluation process for cryptocurrencies, likely much like Coinbase’s, in a bid to support bonafide projects with potential. Currently, FDAS has only given Bitcoin (BTC) its stamp of approval, even though Jessop has stated that Ether and other popular cryptocurrencies may see support eventually. He elaborated: We’re currently supporting bitcoin, we have designs to support other coins over the balance of the year center to various criteria including our [in-house selection framework], where we obviously look … at client demand and other things. These “other things,” which are universally applied to other assets, like Ethereum, include the decentralization status of a coin (presumably the number of nodes/miners, consensus mechanism, hashrate distribution), the level of demand from the Boston-based firm’s clientele, the peculiarity of the blockchain, which would affect how FDAS integrates the asset. While Jessop did hint that his crypto firm’s clients have expressed interest in Ethereum-related services, he noted that with upcoming hard forks/blockchain upgrades, like this October’s Istanbul or the following years’ steps towards Serenity, Fidelity may need to “see how those things work out.” If Jessop is serious, that means that ETH services may not launch on FDAS until late 2019, months after the initial launch of the startup. But to give his reasoning some more credence, he drew attention to Ethereum Classic, which suffered a 51% attack to its blockchain earlier this year. While the same isn’t likely to occur to the ETH chain, Jessop & Co. may be worried about the stability of the chain following a further step towards PoS (which miners may find contentious). Crypto Services Live For Eligible Clients While the lack of Ether support may irk some of Fidelity’s thousands of institutional clients, the bottom line is that the service is live. A recent tweet from the Wall Street-backed startup corroborated this. Citing a company update which Ethereum World News reported on previously, FDAS revealed that it is now live, or at least in a limited capacity. The firm tweeted the following seemingly in tandem with the Coindesk report: We are live with a select group of eligible clients and will continue rolling out slowly. Our solutions are focused on the needs of hedge funds, family offices, pensions, endowments, other institutional investors. More on our project: https://t.co/EkJ2pWJt2Y #DCBlockchain — Fidelity Digital Assets (@DigitalAssets) March 7, 2019 Moving ahead into 2019, Jessop intends to see his firm scale, specifically in a bid to see FDAS consume 90% of the States’ institutional crypto market. He claims that this scaling will take the form of regulatory green lights, along with ironing out any bugs in the platform. This will be of utmost importance, as the FDAS head noted that Fidelity has seen a “significant amount of demand” in regards to cryptocurrencies, from crypto-native firms to hedge funds. This could finally be a positive sign for this market moving forward. Just yesterday, prominent analyst The Crypto Dog took to Twitter to lay out a number of reasons why Bitcoin bears shouldn’t, well, be bearish. A primary facet of his list, which includes Binance’s ventures, Argentinian government blockchain involvement, and Bakkt’s (potential) Starbucks integration, was the launch of Fidelity’s cryptocurrency arm. CNBC contributor Brian Kelly touched on this too, explaining yesterday that this is one reason why it appears that the “crypto winter” is starting to thaw. Title Image Courtesy of Descryptive.com Via Unsplash The post Fidelity’s Crypto Head: Ethereum Upgrades Could Delay ETH Integration appeared first on Ethereum World News.
Ethereum World News

Ethereum Price Analysis: ETH Bliss, $170 The Only Obstacle To $360.

Latest Ethereum (ETH) News Craig Wright has his reasons to doubt Ethereum’s goals. The super computer talks and smart contracts and the ICO launching platform did differentiate ETH as a token and Ethereum as a platform driving its value to spot levels. Backed by dedicated developers–most working pro-bono, projects find this network irresistible despite current limitations. Read: Vitalik Buterin Compares Bitcoin and Ethereum: BTC is like a Calculator, ETH is like a Smartphone Scalability is a challenge and will remain so as long as it remains decentralized with no compromise designed to accelerate speed. Through Constantinople, the network is working towards achieving an amicable yet practical solution towards Serenity. At that last stage, like the Voltaire in Cardano, Ethereum will be scalable, have a better VM and most importantly, the throughput would be in millions if not billions. However, in the path towards this dream, sacrifices must be made. Miners did their part and through EIP 1234, thirding was executed while simultaneously pushing the difficulty bomb for another year. Thirding is a way to reducing ETH inflation, drawing demand during the ice age as the network intrinsically discourage mining in preparation for Casper. Also Read: Controversial Craig Wright Has the Technology to Make ZCash and Monero Completely Traceable Constantinople was a success and another proposal now is the drastic slashing of GAS fees. Payable in ETH, all transactions within the network is charged. Eric Conner (who is building ETHHub) proposes reduction of GAS fees by 90 percent eliminating the need of auctioning which he says is a source of frustration. ETH/USD Price Analysis At the time of press, Ethereum (ETH) prices are stable. Perched at second place with a market cap of $14,430 million, ETH is widening its gap with XRP meaning Constantinople has had an effect on price. This was expected and as mentioned in our last price piece, ETH bulls are in control as long as prices are maintained above $135. Ceilings remain at $170 but unless there is a rally above this mark, risk-averse traders should stay on the sidelines until after our trade conditions are meant. The arena is open for aggressive traders who should fine tune entries in lower time frames with reasonable target at $170. Trend and Candlestick Arrangement: Short-term Bullish, Bear Breakout Pattern In the short-term, buyers appear to be in control. However, when we take a snapshot of price action from a top down approach, Ethereum (ETH) bears are in control. Worse still, prices are within a bear breakout pattern with clear resistance at $170. The level is a strong obstacle for bulls and as previous support now resistance, the demand for ETH must be high to force a close above $170 invalidating the possible retest and the bear breakout pattern of mid-Nov 2018. If not and for a second time this year bulls fail to close above $170 and instead prices recoil with an accompanying bear bar, ETH prices could collapse below $150, $100 and last year’s lows of $70. Volumes: Increasing but Bullish Recent higher highs may be pumps of a retest phase as mentioned above. We cannot be conclusive until after prices close above $170. All we know is that the volumes of week ending Nov 25—6 million versus 2.1 million, influences our ETH/USD price action. Visibly, participation has been dropping until recently when volumes began rising as prices edged higher. With weekly averages of around 2.1 million, we need a sharp uptick above 6.5 million as ETH prices expand above $170 reversing losses of late Nov 2018. All charts courtesy of Trading View This is not investment advice. Do your research. The post Ethereum Price Analysis: ETH Bliss, $170 The Only Obstacle To $360. appeared first on Ethereum World News.
Ethereum World News

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.
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Parity Developer Quits Ethereum Projects Amid Outrage Sparked by Recent Tweet

Parity Developer Quits Ethereum Projects Amid Outrage Sparked by Recent Tweet Afri Schoeden, release manager at blockchain infrastructure firm Parity Technologies, has quit all Ethereum projects after a controversial tweet that sparked outrage on social media. Schoeden spoke to blockchain media BreakerMag on Thursday, Feb. 21. In his tweet, Schoeden reportedly criticized Serenity, also known […] Cet article Parity Developer Quits Ethereum Projects Amid Outrage Sparked by Recent Tweet est apparu en premier sur Bitcoin Central.
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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.
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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
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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.
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