Posts in category

Scaling


This post was originally published here Many at San Francisco Blockchain Week 2018 are warily reflecting on the lessons of the 2017 token sale boom, the pride that came before this current bear market fall. Veteran investor and AngelList co-founder Naval Ravikant told conference goers on Monday the last “hype cycle” was a “coming of …

0 36

Many at San Francisco Blockchain Week 2018 are warily reflecting on the lessons of the 2017 token sale boom, the pride that came before this current bear market fall. Veteran investor and AngelList co-founder Naval Ravikant told conference goers on Monday the last “hype cycle” was a “coming of age” for many cryptocurrencies such as …

0 35

Some dub it a “breakthrough,” others call it a “network attack.” Those were the prevailing opinions leading up to Mark Friedenbach’s much-anticipated talk at Scaling Bitcoin Friday, where the Blockstream co-founder presented for the first time “Forward Blocks,” a proposal that claims to make future, contentious changes to bitcoin – such as block size increase or …

0 36

Blockchain startup Skale Labs raised nearly $10 million in an effort to develop a blockchain scalability infrastructure for ethereum, the company announced Thursday. The startup says in a press statement that it raised $8.86 million in a Simple Agreement for Future Tokens (SAFT) sale led by Multicoin Capital, on top of $785,000 raised earlier this …

0 36

Lightning isn’t just a big hit with developers, the promising bitcoin technology is now attracting a little attention from investors. Acinq, one of the leading startups working on the lightning network, a top-level layer aiming to boost the number of transactions bitcoin can support, has closed a $1.7 million funding round led by Serena Capital, with …

0 37

Ethereum is running at full capacity. At least, that’s according to Afri Schoedon, the release manager for ethereum software client provider Parity Technologies. On Thursday, he warned due to the scaling challenges faced by the second largest blockchain by market cap to: “Stop deploying dapps to ethereum.” The tweet caused an uproar, with ethereum creator Vitalik …

0 35

A proposal to radically expand the capabilities of bitcoin such that it would be able to add vast new features to its limited supply of cryptocurrency has arrived on testnet. Paul Sztorc, director of research at startup Tierion, revealed to CoinDesk that a test version of the code is to be announced Tuesday, a development …

0 34

A form of cryptography pioneered by zcash might help scale ethereum, the founder of the platform Vitalik Buterin said on a research forum Saturday. Named zk-snarks, Buterin wrote that by using the tech, ethereum can potentially scale “by a huge amount,” up to 500 transactions per second, without relying on layer-two scaling solutions, such as Plasma …

0 36

There’s a software ready to help ethereum scale – right now. Revealed exclusively to CoinDesk, the raw architecture of Turbo Geth has been completed — and is currently available to early adopters for testing. Alexey Akhunov, the independent software developer that built the software, told CoinDesk that unlike many other scaling solutions, Turbo Geth looks at …

0 35

Ethereum might just be one step closer to sharding its blockchain. At least that’s according to long-time blockchain researcher Vlad Zamfir, who claims to have coded up a successful proof-of-concept of the idea at the ethereum hackathon EthBerlin this week. Built with the help of several other developers, including Tim Beiko and John Marling, the …

0 37

Crypto security startup BitGo’s latest technology – “predictive UTXO management” – sounds technical, but it’s got an end goal that everyone will understand: cutting crypto fees. Revealed exclusively to CoinDesk, BitGo is the first mainstream crypto company adopting a spin on “coin selection,” a scaling technology that’s been one of many touted as a way to …

0 37

2017 was a wake-up call for bitcoin supporters to say the least. With so many people using the software amid a price boom, the fees for sending transactions swelled higher than ever before, even rising to as much as an average of $26 for a single transaction. It was a road with too many cars, …

0 38

A new test network has been launched for Raiden, the ethereum payments channel project. Announced at the Dappcon developer conference in Berlin on Thursday, the release features a minimal implementation of the scaling solution that will allow ethereum tokens to be traded on off-chain payment channels. Notably, this particular testnet will be the final one to battle-test …

0 38

Ethereum is in the midst of a “gas crisis.” At least, that’s according to Taylor Monahan, CEO of MyCrypto, who took to Twitter this week to remind users of best practices for setting transaction fees when using the world’s second-largest blockchain. The words of concern are warranted – because of changing conditions on the network, …

0 38

The developer team behind ethereum is considering possible changes to a planned rollout of new technology upgrades. Addressing rumors that such plans are now under review, ethereum creator Vitalik Buterin told a meeting of the platform’s open-source developers Friday that the idea is that the team might seek to alter the sequence in which Casper and sharding, …

0 35

A bird? A plane? No, that’s just a giant penis spouting flaming bitcoin. Such is the canvas at Satoshi’s Place, a web app that allows savvy users to create digital pictures by sending small amounts of bitcoin. In the weeks since its release, the graffiti tool has become the site of territorial battles of pixel-space, …

0 38

“Sleep? What’s this word you talk about?” It’s safe to say ethereum founder Vitalik Buterin‘s joke during the first day of EDCON, an ethereum developer conference now taking place in Toronto, had some truth to it, both for himself and the developers who took the stage with him to discuss one of the $76 billion …

0 41

Imagine having a $100 bill in your pocket. Now, imagine $100 worth of pennies. Notice the difference? Bitcoin isn’t without its irritating kinks, and tiny bitcoin pieces called “dust” are among the lesser-known. As the analogy above shows, the bitcoin protocol sometimes needs to generate tiny output coins when users send bitcoin back and forth, coins …

0 40

“No one owns it, and no one uses it.” That’s how BlockTower Capital’s Ari Paul described bitcoin (and, really, cryptocurrency in general) multiple times during his keynote at PennBlockchain on Friday, the inaugural crypto conference by students at the University of Pennsylvania’s Wharton Business School. While it might not sound like it, Paul emphasized bitcoin’s …

0 40

It wasn’t the talk he was supposed to give. At the Deconomy conference in Seoul, South Korea, on Wednesday, ethereum creator Vitalik Buterin scrapped a plan to discuss his 12-month vision for the world’s second-largest blockchain, opting for a more general discussion on blockchain and its potential. That said, the discussion with fellow ethereum research …

0 40