Building the Foundations for a Scalable Ethereum
Recent events have forced ethereum's community to the forefront. On 17th June, a critical security vulnerability in an ethereum application called The DAO was used to drain millions of dollars worth of ether into accounts controlled by an anonymous attacker. After a period of deliberation, a majority of core developers, miners and other members of ethereum's community decided that the best path forward was to hard fork the network to "undo" the hack and return the stolen funds. The community's power to revise ethereum's transaction history has surprised many outside observers who....
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The Corion Foundation, a Swiss company laser-focused on encouraging the world-wide adoption of stable coins, decentralized finance (DeFi), and central bank digital currencies (CBDCs), has just formed a strategic partnership with the Syscoin Foundation — the official body that represents Syscoin: a highly-scalable platform that makes interoperability between Ethereum and other blockchains accessible to anyone. The two foundations will work together to develop solutions that help grow the stable coin and open finance ecosystem, by […]
The internet entrepreneur and former CEO of Twitter, Jack Dorsey, claims if developers are building on Ethereum they have “at least one, if not many, single points of failure.” The statement was in response to Vitalik Buterin’s commentary concerning Elon Musk running Twitter.
Former Twitter CEO Criticizes Projects Building on Ethereum
Jack Dorsey doesn’t seem to be interested in anything to do with the Ethereum network, and last Friday he criticized the project. The Twitter conversation started when Ethereum’s co-creator, Vitalik Buterin,....
2020 has been a stellar year for blockchain technology, laying important foundations for the year ahead. January will mark 12 years since the Bitcoin genesis block. In that time, blockchain technology has made many significant strides forward. The launch of Ethereum in 2015 introduced smart contracts and token minting. Subsequent years saw developments in areas, such as transaction privacy with the launch of Zcash (ZEC), platforms such as EOS and Tezos attempting to compete with Ethereum on scalability, and dozens of use cases being explored. In particular, 2018 and 2019 were difficult....
Ethereum is ready to ditch mining in favor of using a proof of stake model, according to Bloomberg. Ethereum’s developers want to put a proof of stake model, called Casper, into place by the end of the year. For Ethereum to realize the potential that companies such as IBM, Microsoft and JPMorgan see in its blockchain to reshape modern business and finance, it has to achieve wider adoption and become a de facto standard. More Secure, Scalable And Usable. Replacing mining will make Ethereum more usable, secure and scalable, said Vlad Zamfir, who has worked on Casper since 2014. Blockchain....
Aleo will use the funds to support developers in building applications within its private and scalable platform. Zero-knowledge applications platform Aleo has raised $200 million in a solid investment round, pushing the company forward and supporting its goals to develop products and services that encourage and assist developers in building applications on top of its decentralized network.The Series B investment round was led by Kora Management LP and SoftBank Vision Fund 2, which invest in fintech projects within emerging digital economies. Samsung Ventures also participated in the raise....