Financial Industry News
2020 will be the year proof-of-stake (PoS) blockchains finally break out. Maybe. Two of the industry’s most hotly anticipated PoS networks are scheduled to (re)launch in Q1 – namely ethereum and Cardano. The second largest blockchain platform in the world by market capitalization, ethereum has been looking to shift to PoS since 2014. Co-founder Vitalik […]
Continue ReadingPerlin hasn’t even had the token generation event for its PERL cryptocurrency, and already a leading staking-as-a-service startup has agreed to add it to the list of assets it supports. Staked – which has the backing of some of the most notable funds in crypto, including Pantera, Winklevoss Capital and Coinbase Ventures – helps holders of […]
Continue ReadingIt’s been over five months since the pre-registration for the first leg of ICONSENSUS began. The number of applicants continues to grow. Specifically, the nominees (there are currently 43 of them) have been registering to become Public Representatives, or “P-Reps”. While under the radar for a while, ICON is a South Korea-based blockchain project designed […]
Continue ReadingHDAC Technology, a blockchain company backed by automaker Hyundai, announced a partnership with blockchain startup CasperLabs to build and integrate a customized Proof-of-Stake (PoS) consensus protocol. The companies signed a memorandum of understanding (MOU) on June 28, a small initial step toward further cooperation. HDAC, issuer of the Hyundai-DAC token, is reportedly looking to switch from its […]
Continue ReadingThe next major iteration of the ethereum blockchain – dubbed ethereum 2.0 – may see a partial launch as early as January 2020. Proposed by Ethereum Foundation researcher Justin Drake in a bi-weekly coordination call between ethereum 2.0 developers, the date suggestion was raised after affirming that a code freeze over the first iteration of […]
Continue ReadingBy CCN: Why buy the original Bitcoin (BTC), when you can own some Bitcoin 2 (BTC2)? You, like most people, probably thought that shady cryptocurrency forks are a thing of the past. But boy, oh boy, were you wrong. Bitcoin 2, an aptly-named Bitcoin fork, made a splash this morning by leading the cryptocurrency market […]
Continue ReadingPublic blockchain platform provider ThunderCore has just released proof-of-concept code for a new consensus protocol, dubbed Pala, on GitHub. According to Elaine Shi, chief scientist for ThunderCore, the work represents “a dream consensus protocol.” As stated on the newly released GitHub page: “Pala is a byzantine fault tolerant consensus protocol…It can achieve low latency and […]
Continue ReadingThe Takeaway Ethereum is soon to abandon bitcoin-style proof-of-work (PoS) mining in favor of a long-in-development alternative system called proof-of-stake (PoS), but the economics are still being worked out. Under a proposal by creator Vitalik Buterin, computer operators who validate transactions would be able to earn 5 percent annual on a minimum 32 ETH (~$5,500) […]
Continue ReadingThe attraction of Proof-of-Stake (PoS) cryptocurrency of earning annual rewards may be a fallacy and a tax burden, concludes BitGo’s Ben Davenport. The Attraction Of Proof-Of-Stake Is A Fallacy BitGo and Beluga co-founder, Ben Davenport, has just published a report examining the effect of taxes on PoS tokens. He makes stark conclusions regarding the taxman’s […]
Continue ReadingThe test network for the Algorand blockchain platform has been made publicly accessible, the company behind the project announced Tuesday. The proof-of-stake based Alogrand was first unveiled by MIT professor and Turing Award winner Silvio Micali in 2017. Over the course of 2018, the initiative netted some $66 million in funding, with backers including venture […]
Continue Reading