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A chip designer with extensive experience in developing bitcoin mining devices is turning her sights on the ethereum protocol. Chen Min, the former chief chip maker at bitcoin mining chip developer Canaan Creative, launched a new venture to build cryptocurrency mining devices called Linzhi. The firm’s first project tackles the ethhash algorithm used by ethereum and…
Positive News for Crypto Given the aggressive sanctions policy led by the U.S., Germany, Europe’s biggest economy, is planning to introduce its independent payment system, which won’t depend on the United States anymore. Experts believe that such an initiative may significantly strengthen the positions of Bitcoin. The sanctions recently imposed against Iran and Turkey have…
“Supernode Proof-of-Stake” (SPoS) allow for “concentration of staking pools” Known for creating the first proof-of-stake-based cryptocurrency, pseudonymous developer Sunny King is back with an idea that’s sure to surprise – adding hardware. Proof-of-stake, or PoS, has been heralded as a more ecological way to come to consensus on blockchains since it doesn’t rely on…
Walmart’s recent patent efforts have showcased how the retail giant is investigating blockchain, and a new filing points to a focus on autonomous delivery drones. The application was published on August 30, detailing a system by which “autonomous electronic devices” communicate with each other wirelessly and pass transported objects to each other after an identification process.…
World Bank, the IMF and UN see the longer-term advantages of fully permissionless systems once they can handle large-scale capacity Cryptocurrency purists often dismiss private blockchains as overly expensive undertakings for projects that are better served with a traditional database. Yet these distributed ledger solutions keep being rolled out by enterprises in various settings…
This post is also available in: עברית (Hebrew) IoT security is a substantial challenge as the use of the connected devices is becoming more and more widespread in every field. The consequences of a breach of a central repository of data collected by IoT devices could be disastrous. Compromising such a database could give a…
U.K.-based multinational professional services network PricewaterhouseCoopers (PwC) will bolster its employees’ blockchain knowledge through a dedicated program next year, Digiday reported Thursday, August 30. Part of a coordinated push to enhance digital awareness, the company will put 1000 staff through its Digital Accelerators program, which will run for two years from January. Participants will forego…
Filecoin is planning to officially launch its blockchain-based data storage network sometime near the middle of next year. In a first-and-second quarter update posted on Tuesday, the Filecoin team unveiled an in-progress roadmap stretching into 2019 and beyond, with milestones including this week’s release of demos for the go-filecoin protocol implementation, a plan to make the…
![[UPDATED] October Hard Fork: Ethereum’s Next Upgrade Could Be the $29 Billion Blockchain’s Biggest Test Yet](https://i0.wp.com/www.bgp4.com/wp-content/uploads/2018/08/astronomy-clock-860x430.jpg?resize=840%2C300&ssl=1)
The transition from a Proof-of-Work (PoW) consensus algorithm to PoS Hard forks are never easy. By definition, such system-wide upgrades require every software user to upgrade to new rules near-simultaneously, meaning there’s coordination difficulties that need to be overcome to ensure the code continues to operate as designed. Still, in an upcoming October upgrade named…
Since blockchain technology appeared, there has been a persistent problem in its development: how to make it scale to billions of users. Bitcoin was famously never really designed for this, and today other platforms like Ethereum are also struggling. If you could crack this problem, the thinking goes, you’d end up with the hottest property…
Worldwide spending on information security products and services will reach more than $114 billion in 2018, an increase of 12.4 percent from last year, according to the latest forecast from Gartner. In 2019, the market is forecast to grow 8.7 percent to $124 billion. “Security leaders are striving to help their organizations securely use technology…
We’re living at a time of unprecedented concern over identity. Fears abound that our personal data is being abused by distant third-parties, while this data has become more valuable to us at a time when our identities and the identity politics we base around them have become more central to our lives. It’s in this…
LG CNS, a subsidiary of South Korean multinational conglomerate LG Corporation, has announced a plan to strengthen its enterprise offerings in seven key areas including blockchain, according to an official press release published August 22. LG CNS is planning to release new “strategic” brands for each of the seven platforms of newly developed technologies: Blockchain…
The National Research Council of Canada (NRC) announced Monday that it has built an ethereum blockchain explorer. The organization wrote in a news release that its Industrial Research Assistance Program (IRAP) is now hosting the explorer on the InterPlanetary File System (IPFS) through services provided by Bitaccess, a blockchain startup. Using IPFS, it said, ensures web applications…
Researchers launched a Proof-of-Concept attack on two Android mobile phones and an embedded system board. Researchers have developed a proof-of-concept side-channel attack that allows them to pull encryption keys from a single decryption for a modern version of OpenSSL. The attack impacts mobile devices — without physical access to the handsets. A group of researchers…
The Asian dark web is not well known. Most people just think of Russia when thinking about underground hacking forums. To gain a better understanding of Asian onion sites and black markets, researchers from IntSights embarked on a six-month long investigation and analysis. The results, published this week at Black Hat, show a diverse, culturally…
Interest in blockchain technology is waning, research firm Gartner said in its latest “Hype Cycle for Emerging Technologies” report. Gartner included blockchain, along with four other emerging technologies, as one of five trends that can blur the lines between humans and machines, according to a news release on August 20. Blockchain technology is at the edge…
Blockchain and AI technology company Seven Stars Cloud Group has scored a $24 billion deal to help finance large-scale electric bus upgrades for China’s biggest full-service operator. According to a press release published Monday, under an exclusive contract made with the National Transportation Capacity Co Ltd (NTS), Seven Stars Cloud will issue fixed income lease financing-based…
You’re scrolling through an online electronic store, when a new drone catches your eye. Eager to fly it for real, you enter a string of numbers to submit your payment. You’re not thinking at all about how, behind the scenes, it’s bitcoin that makes the impulse purchase possible. Far-fetched today? Maybe, but that’s the sort…
Food safety firm ZEGO is using blockchain to test products for residue of a deadly chemical tied to a recent $289 million Monsanto lawsuit, according to a press release published August 16. Earlier this month, Monsanto was fined $289 million in damages after a court ruled in favor of a plaintiff’s claims that the company’s…
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