Daily Archives: 18/08/2020

Prysmatic Labs Developed Solution to Resolve Sync Bug on Medalla Testnet

On August 14th, unplanned forks occurred on the Ethereum 2.0 testnet – Medalla. The Prysmatic Labs development team has found a solution to fix a bug that disrupted Medalla. Medalla’s testnet was launched on August 4th. Its goal is to enable the transition to a Proof-of-Stake (PoS) algorithm. About 26,000 validators joined the testnet, and users transferred over 830,000 ETH to the testnet. According to TrustNodes, on August 14, Medalla experienced unscheduled forks – the…

Bitcoin hashrate declines amid storms in Sichuan

In the past week, the Chinese province of Sichuan, whose miners generate more than 50% of the hashrate of the Bitcoin network, was hit by storms. As a result, part of the cryptocurrency mining capacity was shut down. Storms in Sichuan are leading to power outages in some areas of the province, and some hydroelectric power plants are turning off generation to contain floods. It is equally important to disconnect communications in certain regions. According…