SBF’s ‘Truly Trustless’ Protocol — Serum’s Upgrade Authority May Be Tainted,...
According to Solana’s founder, Anatoly Yakovenko, Serum developers are forking the platform because the “upgrade key to the current one is compromised.” Serum, created by FTX’s Sam Bankman-Fried (SBF), was touted as “completely permissionless,” but now that the exchange has fallen, it’s suspected that Serum’s upgrade authority is tainted. **Editor’s Note: An update has been added to the end of this story at 6:50 p.m. (ET) on Nov. 13, 2022, to reflect that Serum devs have forked the protocol. A So-Called....
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The Solana-based project is incentivizing automated market makers to interact with its order book across a range of trading pairs. Project Serum, a decentralized derivatives exchange for the Solana network, has launched a $100 million liquidity mining program as part of a broader effort to attract users to the ecosystem.The initial allocation was approved by Serum’s decentralized autonomous organization, or DAO, the project announced Thursday. The sum, paid out in Serum’s native SRM token, will be used as a reward mechanism for automated market makers that work directly with Serum’s....
The trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), continued on October 17 with the cross-examination of FTX’s former Director of Engineering Nishad Singh. In continuation of what was said from the previous day, Singh provided more details as to SBF’s wrongdoings while being cross-examined by SBF’s lawyer, Mark […]
The Andromeda Upgrade of the Xinfin Network is ready to go. On December 1, 2021, the XDC Network will debut its XDPoS consensus protocol at block 38383838 as per the estimated target time on BlocksScan.io The Apothem network’s protocol team tested the upgrade on the Testnet, and this improvement will enhance XinFin’s Mainnet. XinFin XDC […]
On October 5 (Day 3 of the Sam Bankman-Fried “SBF” Trial), the prosecution called some key witnesses to prove that SBF committed fraud. One of the witnesses called was FTX Co-founder and SBF’s associate Gary Wang with the former FTX executive making several revelations about SBF’s wrongdoings. What Wang Said About Sam Bankman-Fried On The […]
Via their Twitter handle, the VeChain Foundation announced the start of the voting process that will allow the community to decide to implement or reject a major update to their network: Proof-of-Authority (PoA) 2.0. This upgrade could usher a new wave of blockchain “mass adoption”, the announcement said. As NewsBTC reported, the PoA 2.0 upgrade will eliminate the tradeoffs of the Nakamoto Consensus and Byzantine Fault Tolerance (BFT) consensus implemented on cryptocurrencies such as Bitcoin. Related Reading | VeChain And DNV Launch First Blockchain-based IVF Service App If approved....