Category: Technology

Filecoin miners are holding back their growth plans because of the network’s economic model

Filecoin miners are holding back their growth plans because of the network’s economic model

The current design of Filecoin’s economic incentive model has led major miners to halt or significantly slow down the growth of their effective computing power on the recently launched network. To be sure, these miners did not turn off their hardware to reduce the amount of their effective mining power altogether. But the overall slowdown […]

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Around 100 Italian banks are now part of a permissioned blockhain network developed by R3

Around 100 Italian banks are now part of a permissioned blockhain network developed by R3

A cohort of 42 Italian banks has signed up to use a private blockchain network known as Spunta, bringing the total number now using the payment infrastructure to around 100. Spunta, which is based on R3’s permissioned blockchain platform, Corda, is an interbank reconciliation system. The network verifies the matching of correspondent accounts, which banks […]

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Aztec unveils Ethereum Layer 2 network that uses zkSNARKs for both privacy and scalability

Aztec unveils Ethereum Layer 2 network that uses zkSNARKs for both privacy and scalability

Aztec, an Ethereum startup that was initially focused on using zero-knowledge proofs to make transactions private, has unveiled a new Layer 2 platform that uses the same cutting-edge cryptography to improve scalability, too. Aztec 2.0 is based on an emerging technology known as zero-knowledge(zk) rollup. It employs a type of zk-proof called zkSNARKs to bundle […]

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Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals can now utilize the Ethereum-based stablecoin across a myriad of decentralized applications (dapps).The Bitcoin […]

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Dfinity unveils ‘open algorithmic governance system’ as final milestone before launch

Dfinity unveils ‘open algorithmic governance system’ as final milestone before launch

Dfinity, the much-hyped and long-anticipated blockchain-based cloud computing project, today unveiled a token-based governance system that will be used to control its “internet computer.”  It’s the final milestone before the network’s public launch, which will occur later this year, according to a press statement. Dfinity, which launched in 2018 and has raised more than $160 […]

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Moving into the age of ‘Optimistic Ethereum’

Moving into the age of ‘Optimistic Ethereum’

Quick Take Optimistic Rollups are a Layer 2 scaling solution that derive their security from an underlying blockchain (Ethereum) ORs are most notably being developed by Optimism, formerly known as Plasma Group. In January, the team raised $3.5 million from Paradigm and IDEO CoLab Ventures Synthetix is the first project to trial on the Optimistic […]

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How MIT’s ‘Pool Detective’ could help prevent attacks on blockchains

How MIT’s ‘Pool Detective’ could help prevent attacks on blockchains

Quick Take Researchers at MIT’s Digital Currency Initiative say better monitoring of mining pools and hash rental marketplaces could prevent 51% attacks. The team is developing surveillance tools with an eye toward early warning systems for exchanges and other targets of such attacks. This feature story is available to subscribers of The Block Daily. You […]

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Blockchain-based storage network Filecoin to launch mainnet in October

Blockchain-based storage network Filecoin to launch mainnet in October

Decentralized storage network Filecoin expects to launch on mainnet on October 15, the Filecoin team announced in a blog post published Sunday.  The platform, developed by Protocol Labs, is meant to enable users to buy and sell unused storage using the network’s cryptocurrency, filecoin (FIL). The mainnet was originally supposed to launch in March of […]

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