Posts in category

Hard Forks


UPDATE 18:27 UTC, 10/13/18: Block creation on Ropsten testnet continues to feature 0 transactions, indicating Constantinople may have failed to activate. UPDATE 17:36 UTC, 10/13/18: Block 4,230,000 has been mined, but features 0 transactions. Ethereum’s main test network, Ropsten, is currently at a standstill. Code for ethereum’s upcoming hard fork, dubbed Constantinople, was set to be activated on …

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Open-source coders backing the ethereum project now say its next system-wide upgrade, Constantinople, is on track for November release. Revealed in a bi-weekly developers meeting Friday, attendees said the upgrade has already been coded into all major ethereum clients, including those by the Ethereum Foundation and U.K. startup Parity, the most popular versions of the …

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Berniesanders (not to be confused with former presidential candidate and Vermont Senator Bernie Sanders) is an institution on blockchain-based blogging platform Steemit. Steemit allows content creators to earn crypto – at least, crypto that’s native to the Steem blockchain, of which there are three – for popular posts. While recent successes include waffle recipes, romantic …

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Cryptocurrency forks are likely to slow down considerably in the future, leaders of several major projects, all of which were formed by forks, said at CoinDesk’s Consensus Singapore event today. On a panel session moderated by CoinDesk editor Pete Rizzo, Amaury Sechet, the lead developer behind Bitcoin ABC, the most widely used bitcoin cash software implementation, …

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Ethereum’s upcoming hard fork, Constantinople, will activate in a testing environment next month, core developers agreed on Friday. As detailed by CoinDesk, Constantinople features various backward-incompatible changes designed to increase efficiency on the ethereum network, alter its economic policy and delay the so-called “difficulty bomb.” Speaking in a biweekly video call, developers said the upgrade …

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Constantinople, ethereum’s next system-wide upgrade, is coming soon to a node near you. Finalized August 31, Constantinople includes five different ethereum improvement proposals (EIPs). Once released on ethereum, the proposals will permanently alter the blockchain with a host of new backwards-incompatible upgrades. This means that nodes — the network of computers that run ethereum software …

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With bitcoin cash developers at each other throats, the year-old cryptocurrency might just split into two. Created from a hard fork off the original bitcoin network after the scaling debate boiled over last year, bitcoin cash stakeholders seemed unified in their goal of boosting the cryptocurrency’s block size parameter in the hopes of attracting more users …

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Privacy coin zcash is gearing up for a major upgrade with the first release of network software compatible with its upcoming Sapling hard fork. Zcash version 2.0.0 was released Thursday, according to a blog post penned by Sean Bowe, an engineer with the Zerocoin Electric Coin Company, which develops the zcash cryptocurrency. The company is …

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Privacy-focused cryptocurrency zcash executed its first and long-awaited hard fork on Tuesday morning. Called Overwinter, the upgrade was activated at 00:42 UTC on June 26 – the moment the network mined block 347,500, as previously reported by CoinDesk. The event is primarily aimed to gear up the zcash code for its massive Sapling hard fork, currently scheduled …

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Privacy-oriented cryptocurrency zcash is about to undergo its first-ever hard fork. Called “Overwinter,” the update requires all users of the nearly $800 million blockchain to switch to a new software. But while these kinds of system-wide changes can be high-risk – if some users reject the change, it can split the blockchain and create a …

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Despite the best efforts of zcash developers to keep the cryptocurrency’s coming upgrade, Overwinter, as seamless as possible, the $8 billion network was faced with a plot-twist this week. Mere days before the update (a hard fork of the code) was set to execute – a developer decided to effectively threaten to split the network …

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There is “no right answer” to ethereum’s fund recovery debate. The words were spoken by Preethi Kasireddy, a former partner at Andreessen Horowitz and former software engineer at Coinbase, during the ethereum community conference EDCON on May 4. As the debate rages over whether ethereum should hard fork to return funds lost on the platform, including …

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Bitcoin cash’s next software upgrade may be even more ambitious than its first – and that’s no small feat given last time it broke off from bitcoin in acrimonious fashion. In fact, the update, announced in November and slated for May 15, packages together a number of features that all seem about helping the network …

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Parity Technologies issued a statement Thursday stating it has no plans to move forward with a code change that would result in an ethereum blockchain split. Named EIP-999, the contentious code change would recover the $264 million lost due to a code fault in Parity wallets in November 2017. Signed by co-founder of the company …

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Ethereum may be on the brink of a blockchain split. At least, that was the mood at a meeting of top ethereum developers late last week where a discussion around a code proposal called EIP-999 led some to speculate that the creation of two competing blockchains is now a possibility. Indeed, it’s now believed the proposal, …

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Having rallied more than 80 percent in the last week, bitcoin cash (BCH) looks overbought and due for a pullback. The world’s fourth largest cryptocurrency by market capitalization confirmed a bull breakout on April 15 by crossing the long-term descending trendline. The price rise occurred alongside the broader market recovery seen after bitcoin’s $1,000 rally on …

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A hard fork of privacy-centric cryptocurrency monero executed this morning, but the success of the roll-out is still unclear. At block number 1546000 (08.20 UTC on Friday), the software upgrade of the cryptocurrency went live, according to data from blox.minexmr.com. Due to the controversial nature of the upgrade, the monero community have gathered on social …

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‘ASIC-resistant no more? That’s the question circulating Tuesday in the wake of news that Bitmain, the China-based maker of hardware specialized for cryptocurrency software, had developed a new “ASIC” mining chip designed specifically to process ethereum transactions and claim the protocol’s rewards. Bitmain confirmed the release of its Antminer E3 chips, which will retail for …

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Omri Marian is a professor of law at the University of California, Irvine. He contributed to several projects on the taxation of cryptocurrencies at the American Bar Association Section on Taxation. The views expressed are his own and do not constitute tax advice. The following article is an exclusive contribution to CoinDesk’s Crypto & Taxes …

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