Posts in category

Scaling


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 37

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 37

“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 38

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 39

“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 38

Velvet has always been a sign of nobility, but in the crypto space, it’s now the name adorning a new and promising way for upgrading blockchain software. At least that’s the hype behind “velvet forks,” a mechanism for upgrading cryptocurrency code that has some high-profile crypto enthusiasts intrigued. “We think the most interesting part is …

0 40

Yet another ethereum scaling solution is launching a test network. Announced Friday, Liquidity.Network is officially joining Raiden Network as the latest ethereum project to attempt to move transactions off the world’s second most valuable blockchain and into payment channels, in turn, allowing the network to support greater adoption and use. Similar to bitcoin’s better-known Lightning Network, Liquidity.Network aims …

0 47

Bank of China, one of the four largest state-owned commercial banks in the country, has filed a patent application for a process it says is better able to scale blockchain systems. According to a document released on Feb. 23 by China’s State Intellectual Property Office (SIPO), the application was first submitted on Sept. 28 last year …

0 39

Segregated Witness (SegWit) is special. And it’s not just because the bitcoin code change is focused on scaling the network (it is), or that it paves the way for a new layer for the tech that’s potentially faster and cheaper (it does). Finally activated last August after months of controversy, SegWit is now spurring developers to …

0 37

Ethereum’s world computer is in need of a magic touch. As developers continue to clash over yet another controversial software update, some of ethereum’s top minds are working together to conjure up a solution for what has been a troubling absence of late — community consensus. Recent discussions concerning the return of lost funds — …

0 37

“To the moon!” While this cryptocurrency rallying cry is typically used as the price of a coin starts a climb, this time the slogan’s being used to demonstrate excitement over the progress that’s being made on a long-anticipated bitcoin code optimization. Called Schnorr signatures, the technology looks to replace bitcoin’s existing signature scheme with one …

0 47

“We look at ethereum like AOL or Myspace.” That’s how Mobius Network co-founder and CEO David Gobaud explains why his startup ran its initial coin offering (ICO) on the Stellar network instead of ethereum, the most popular blockchain for token sales. The comment underscores the growing interest in some corners of the crypto community for …

0 42

24,270 tokens. 27,358 pending transactions. 463,713 digital kittens. Ethereum has hosted a lot of activity recently, and while many crypto enthusiasts see that as a positive sign, as the network’s usage soars, its history gets longer and its blockchain more unruly. And although network congestion leading to transaction backlogs and rising fees has taken the …

0 40

The controversial scaling proposal Segwit2x may have been officially called off this August, but that doesn’t mean its former lead developer is giving up on plans to keep its codebase alive. In fact, Jeff Garzik, better known as the CEO of blockchain startup Bloq, now believes his prior work could be revived in a way that …

0 36

The non-profit that oversees development of ethereum has officially unveiled two subsidy programs that will support research on how to grow the number of transactions its blockchain can process. In a blog post published Tuesday, ethereum creator Vitalik Buterin described how the network is beginning to reach 1 million transactions per day. In his view, …

0 44

This is an entry in CoinDesk’s Most Influential in Blockchain 2017 series. Pieter Wuille is quick to bite his tongue. In one of the developer’s first-ever long-form interviews, it’s clear he has plenty of thoughts to share. He gets fired up when chatting about bitcoin’s coming innovations and the cryptocurrency’s original white paper. “There’s so …

0 44

Ariel Deschapell is a full-stack javascript developer teaching at the Ironhack coding bootcamp, and a Henry Hazlitt fellow in Digital Development at the Foundation for Economic Education. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. After a year of explosive price growth, forks, failed forks and more, there is much that can …

0 42

Jimmy Song is a bitcoin developer, an instructor for Dev++ and the owner-operator of his own in-depth technical bitcoin seminar called Programming Blockchain. The following article is an exclusive contribution to CoinDesk’s 2017 in Review. As bitcoin approaches $20,000, continuing to create new millionaires along the way, it’s easy to deceive ourselves and think that we could …

0 43