Financial Industry News
More than $1 billion worth of cryptocurrencies have been staked through Kraken’s staking service, the crypto exchange announced on Tuesday. A third of that amount is in ether, roughly more than 300,000 ETH, according to a spokesperson from the San Francisco-based crypto exchange. Other popular cryptocurrencies on Kraken’s staking services include tezos (XTZ) and polkadot […]
Continue ReadingProof-of-stake is a method of maintaining the integrity of a cryptocurrency, preventing users from printing extra coins they didn’t earn. While a different method, called proof-of-work, is currently used by Bitcoin and Ethereum – the two largest cryptocurrencies by market capitalization – Ethereum has plans to migrate to proof-of-stake to make the platform more scalable […]
Continue ReadingIn less than 48 hours, 2020 will be behind us. It almost seems too big a task to recount all that has happened in this world, in this industry and in our own personal lives but our colleague Brad Keoun, editor of CoinDesk’s daily cryptocurrency markets newsletter, First Mover, offers an excellent start to summarizing […]
Continue ReadingIn just a single year, staking has gone from an academic exercise to a dominant force in crypto. The biggest staking story of 2020 is, of course, the launch of Ethereum 2.0. But beyond that, the past year has seen a tremendous flowering of proof-of-stake (PoS) networks. Four of the top nine crypto assets by […]
Continue ReadingCartesi is a layer-2 platform for the development and deployment of scalable decentralized applications. It provides a bridge between Linux and blockchains like Ethereum, allowing developers to build their dApps off-chain in a familiar Linux environment, without compromising on-chain decentralization and security. Whether you’re interested in Cartesi’s tech stack as a developer or a user, […]
Continue ReadingIt’s alive! Welcome, everyone, to the first issue of Valid Points. Today, we’re commemorating the historic launch of Ethereum 2.0, which marks the beginning of Ethereum’s live transformation into a proof-of-stake blockchain. The new blockchain is said to be several times more efficient, scalable and secure than the current decentralized application network. While Ethereum 2.0 […]
Continue ReadingSerenity is knocking. The first stage of the next-generation proof-of-stake (PoS) Ethereum 2.0 is now live as of 12:00 UTC Tuesday, according to Beaconcha.in. A generalized blockchain for decentralizing computer-based applications – from iPhone games to government bonds – Eth 2.0 has been under construction since the genesis of the current proof-of-work (PoW) network in […]
Continue ReadingCoinDesk just snagged a front-row seat to a seminal event in the crypto industry. Ticket price: 32 ETH. As a media outlet covering nascent technologies, we believe we can sometimes chronicle their development more effectively by participating in them. To that end, we’re spinning up a validator for the upcoming launch of Ethereum 2.0 as […]
Continue ReadingEthereum 2.0’s deposit contract is now live, heralding the imminent unveiling of the “world computer’s” second act. Released at 15:00 UTC, according to developer Afri Schoedon, the deposit contract is the first physical implementation of Eth 2.0 for everyday users. The deposit contract acts as a bridge between the forthcoming proof-of-stake (PoS) blockchain and the […]
Continue Reading“Money legos” might be an apt metaphor for what decentralized finance (DeFi) does, but since the summer another one has applied: jackpot. Money legos is the term used to describe the way Ethereum allows different financial services to be plugged into each other, also known as composability. That used to be mostly a buzzword, but […]
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