Tag: decentralization

Blockchain Incubator Binance Labs Releases First ‘Batch’ of Blockchain Projects

Blockchain Incubator Binance Labs Releases First ‘Batch’ of Blockchain Projects

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Binance Labs, the venture wing of the largest cryptocurrency exchange Binance, has released its first “batch” of blockchain projects from its Incubation Program, according to a press release shared with Cointelegraph on Dec. 14.Binance Labs is an initiative that seeks to help early-stage blockchain and digital assets projects and entrepreneurs through direct investments and technical assistance. The Binance Labs Incubation Program is an onsite program that was launched in August 2018.Following a try-out tour with over 500 applicants, Binance Labs selected only eight projects, each of which received $500,000 in seed funding and access to necessary resources and mentors. Over the course of the 10-week program, seven projects have shipped working products and signed on users, while three of t
Blockchain Startup Civic Appoints Apple Veteran as Executive Director of Identity.com

Blockchain Startup Civic Appoints Apple Veteran as Executive Director of Identity.com

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Blockchain startup Civic has appointed Apple veteran Phillip Shoemaker as executive director of Identity.com, its Ethereum (ETH) blockchain-based, decentralized identity platform. The news was announced in a press release published Dec. 13.Identity.com is Civic’s open-source, decentralized and tokenized digital identity ecosystem that uses smart contracts to provide on-demand, blockchain-based identity validation.Shoemaker joins the initiative after working over seven years as senior director of the Apple App Store Review team, which he reportedly built “from the ground up, taking his team from 4 to over 300 employees,” under the company leadership of founder Steve Jobs. Since leaving Apple in 2016, he has worked advising multiple blockchain projects and startups.The company has said the a
Ethereum-Based Opera Browser Hopes to On-Board Web 3.0 Users

Ethereum-Based Opera Browser Hopes to On-Board Web 3.0 Users

BLOCKCHAIN, BTC MANAGER, EOS, ETHEREUM
On December 13, 2018, Opera finally announced the launch of their blockchain-based web browser at Hard Fork Decentralized in London. At the conference, the team described the technical features included in the release as well as how it fits in with a broader vision for a Web 3.0. Built-In Wallet and Ethereum In August 2018, BTCManager reported on the firm’s plans for their browser and outlined the integration of a cryptocurrency wallet. At current, Opera will only be supporting Ethereum-based cryptocurrencies, which would include all ERC-20 compliant tokens. The wallet is a purported competitor to MetaMask and looks to go beyond the user design obstacles that many of the first-generation crypto projects have yet to leave behind. Chris Hamel of Opera told HardFork that: “One major hurdle
Video Demonstrates Double Spending Possibility in Bitcoin Cash SV ‘0-Conf’ Transactions

Video Demonstrates Double Spending Possibility in Bitcoin Cash SV ‘0-Conf’ Transactions

BITCOIN, BITCOIN CASH, COINTELEGRAPH, CRYPTOCURRENCY
Bitcoin Cash SV (BSV), a new fork of Bitcoin Cash (BTC), faced new controversy on Dec. 8 after a researcher reportedly showed how any user could spend the same coins twice on its network in a “0-conf transaction.”Bitcoin Cash, which was created in a hard fork from Bitcoin (BTC) in August 2017, uses 0-conf (or zero-conf) to allow almost instant transactions, meaning they are almost always confirmed in the following block.In a multi-phase test including a video demonstration posted to Vimeo, the user, known as “reizu,” succeeded in “double spending” BSV tokens in a “0-conf transaction,” demonstrating the network’s vulnerability to attack and disproving major proponent Craig Wright’s claims (in reference to BCH) that “only miners” could do so.The double spending demonstration was filmed with
Top Cryptocurrencies See Moderate Losses, Bitcoin Below $3,800

Top Cryptocurrencies See Moderate Losses, Bitcoin Below $3,800

BITCOIN, BITCOIN CASH, COINTELEGRAPH, CRYPTOCURRENCY, ETHEREUM, RIPPLE
Wednesday, Dec. 5: All but one the top 20 cryptocurrencies registered losses in the last 24 hours, Bitcoin (BTC) lost most of its recent gains, sinking below $3,800.Market visualization from Coin360.ioBitcoin started the day near $4,000 and continued to fall until it reached its current price of $3,769, down 4.37 percent on the day. On its weekly chart, BTC is at its lowest point in the past seven days.Bitcoin 7-day chart. Source: CoinMarketCapThe co-founder of advisory firm Fundstrat, Tom Lee, provided three reasons behind the collapse of the crypto market: the controversial  Bitcoin Cash (BCH) hard fork, recent actions undertaken by the U.S. Securities and Exchanges Commission (SEC) which forced Initial Coin Offerings (ICOs) to return funds to investors, and the “terrible” conditions in
EOS Community Is Challenged After Node Announces Financial Rewards for Votes

EOS Community Is Challenged After Node Announces Financial Rewards for Votes

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY, EOS
This week, the EOS blockchain protocol angered decentralization proponents yet another time. Specifically, Starteos, one of EOS’ officially sanctioned Block Producers (BPs), appeared to publically offer its token holders financial rewards in return for their votes.Starteos’ vote-buying tendencies seem to fall in line with previous scandals centring around EOS: This year, the blockchain protocol reversed previously confirmed transactions and started an internal investigation after Huobi, its other BP, was accused of running a corruption scheme, among other things.  Brief introduction to EOS and its key featuresEOS.io is a blockchain-powered smart contracts protocol for the development, hosting and execution of decentralized applications (DApps). It was launched in June 2018 as open-source s

Binance Releases 2nd Decentralized Exchange Preview After Binance Chain News

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY
The world’s largest cryptocurrency exchange Binance revealed a second preview of its forthcoming decentralized exchange (DEX) in a video Dec. 4.Binance, which regularly tops global charts for the largest volume of cryptocurrency traded daily, released an initial sneak peak in August.The project is part of the wider Binance Chain initiative, through which executives plan to support “millions” of crypto assets.The latest preview included the unveiling of a fresh user interface, wallet and block explorer for DEX, developers confirming a testnet version would become available for prospective users “soon.”Commenting on the update, Binance CEO Changpeng Zhao confirmed additional features that are set to come with the final rollout. These include a one-second block time for transactions and the a
EOS Node Offers Users Financial Rewards for Votes, Reignites Decentralization Debate

EOS Node Offers Users Financial Rewards for Votes, Reignites Decentralization Debate

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY, EOS
Yet another aspect of blockchain protocol EOS has sparked controversy this week after one of its 21 block producers appeared to offer its token holders financial rewards for voting it as a proxy.Starteos, one of the official sanctioned nodes which can approve EOS transactions, said in a Medium post Nov. 27 that “after delegating Starteos.io as proxy, you could get continuous and stable EOS revenue.”The Chinese outfit, which has yet to comment on allegations it runs against decentralized and democratic blockchain procedures advocated by EOS itself, framed the revenue scheme as a reward for token holders.“The ‘winter’ of cryptocurrencies has come. How much faith do you left to (sic) have?” the post reads, continuing:“Now, Starteos is still gonna stay with YOU, our most important and best fri
Amazon Presents Its Quasi-Blockchain Solution, Platform for Ethereum and Hyperledger Fabric

Amazon Presents Its Quasi-Blockchain Solution, Platform for Ethereum and Hyperledger Fabric

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
On Nov. 28, e-commerce giant Amazon announced two blockchain-related products: Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain. The company hence marked its further expansion into the field of blockchain technology, which started with blockchain-related patents and collaborations that Amazon has seemingly chose over working with cryptocurrencies, per se.So what are those new projects and are they going to change the crypto industry?QLDB: Cryptographic, but centralized databaseAs per Amazon’s website, QLDB is a ledger database designed to provide “transparent, immutable and cryptographically verifiable log of transactions,” which is overseen by “a central trusted authority.”Thus, all changes are purportedly recorded on-chain, while the new product is also able to automat
Oldest Swiss University Awards Honorary Doctorate to Ethereum Co-Founder Vitalik Buterin

Oldest Swiss University Awards Honorary Doctorate to Ethereum Co-Founder Vitalik Buterin

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
The University of Basel has granted an honorary doctorate to Ethereum (ETH) co-founder Vitalik Buterin, according to an official statement on the university’s website today, Nov. 30.The Faculty of Business and Economics of Switzerland’s oldest university has awarded Buterin for “outstanding achievements in fields of cryptocurrencies, smart contracts, and the design of institutions,” as the university noted in a recent tweet on the official Twitter account.The honorary doctorate of the faculty of economics is awarded to Vitalik Buterin by dean Prof. Dr. med. Aleksander Berentsen. Source: Universität BaselThe honorary degree was granted by dean Aleksander Berentsen, Professor of Economic Theory and Dean of the Faculty of Business and Economics during the university’s annual celebration “Dies