Sia developers proposed to hard fork protocol to create Sia Foundation

Cryptocurrency NewsBy 10/09/2020

Sia developers proposed to hard fork the protocol of the decentralized cloud storage network. This will allow transferring part of the reward for each mined block to the Sia Foundation. The idea of a decentralized data warehouse is being implemented by several projects at once – Sia, Storj and Filecoin. However, this concept still fails to gain widespread popularity. According to CoinMarketCap, Siacoin is currently trading at $ 0.003 and the crypto asset has a…

Ethereum Developers Discuss GasToken Elimination To Curb Fee Rise

Cryptocurrency NewsBy 09/09/2020

Developers are exploring a proposal to improve Ethereum EIP-2751, which can contain the growth of blockchain fees by eliminating “tokenized” gas. GasToken are loopholes in Ethereum smart contracts that help send transactions cheaply by “tokenizing” gas. This feature allows an Ethereum user to purchase gas tokens for the future at a low price, store them, and then spend them when the commission grows again. While the matter is still under debate, some developers fear that…

Chinese traders transfer cryptoassets from centralized exchanges to DeFi

Cryptocurrency NewsBy 09/09/2020

Despite the market correction, interest in DeFi in China is growing. Local exchanges are experiencing difficulties as users transfer cryptoassets to DeFi protocols. The number of searches for the word “DeFi” on the popular Chinese platform WeChat hit 900,000 on September 2, a new record high. On September 7, Chinese journalist Colin Wu reported that many local exchanges are suffering from liquidity problems due to the massive withdrawal of cryptocurrencies by customers looking to transfer…

Cryptocurrency bank Ziglu added functions for buying and sending cryptoassets

Cryptocurrency NewsBy 08/09/2020

Cryptocurrency bank Ziglu added functions for buying and sending cryptoassets Alternative bank Ziglu has added the ability to buy and sell cryptoassets in its app. Cryptocurrencies can be sent to other bank customers, but not to third-party wallets. The limitation was commented on by Ziglu Product Director Nick Turner-Samuels. He said that connecting the option of sending cryptocurrencies to external wallets is not an easy task for the bank. Ziglu was only launched on June…

DeFi Experts: Ethereum 2.0 Launch Is Not Enough To Reduce Fees

Cryptocurrency NewsBy 08/09/2020

Decentralized finance (DeFi) industry experts believe that the launch of Ethereum 2.0 itself will not lead to lower fees on the Ethereum network, so additional solutions are needed. DeFi industry experts and computer scientists discussed the Ethereum network issues at the China’s DeFi Marathon. 1inch Decentralized Exchange CEO Sergej Kunz, ParaSwap Founder and CEO Mounir Benchemled and bloXroute Labs Co-founder Alex Kumanovic expressed their views on the growth of commissions on the Ethereum network. In…

Denmark sees blockchain as an anti-corruption tool

Cryptocurrency NewsBy 07/09/2020

Blockchain and big data technology can be used to fight administrative and political corruption, according to a report from the Danish Ministry of Foreign Affairs. The ministry presented a report at the International Anti-Corruption Conference (IACC). According to the department, the blockchain will create a more transparent system for managing and tracking various financial transactions. In addition, distributed ledger technology (DLT) will give ordinary citizens more rights to their own data, ensuring their confidentiality. The…

The future of Ethereum: how the project will change in the next 5 years

Cryptocurrency NewsBy 07/09/2020

Everything you need to know about the largest altcoin by market capitalization, which is preparing for the most important update in its history. On July 30, 2015, the first Ethereum genesis block was mined. Over the past five years, ETH has become the dominant altcoin in terms of market capitalization, popularity and use, and has grown into the largest blockchain platform, with over 2,000 decentralized applications used. Ethereum may have changed the blockchain world even…

US Air Force has signed $ 779,000 contract with Chainalysis

Cryptocurrency NewsBy 04/09/2020

The US Air Force has signed a third contract with Chainalysis to obtain a “cryptocurrency data subscription.” They are used to track supply chains. The agency has allocated $ 779,740 for services under a contract that is dated May 19, 2020, and follows two other contracts completed in the previous two years. Collectively, the BBC has already spent $ 900,000 on analytical services from Chainalysis. There are no details about the services used in the…

BitGo will start providing custody services to the Japanese exchange Bitgate

Cryptocurrency NewsBy 04/09/2020

BitGo will provide cryptocurrency cold storage services to the Japanese marketplace Bitgate to ensure the security of digital assets. Bitgate management announced that it has decided to use the BitGo service to meet the new requirements set by the Japan Financial Services Agency (FSA). On May 1, new laws to regulate the cryptocurrency industry came into force in Japan – the Payment Services Act (PSA) and the Financial Instruments and Exchanges Act (FIEA). According to…

Zcash Developers Has Published Code For New Version Of Halo 2 Zero Knowledge Proof

Cryptocurrency NewsBy 03/09/2020

Electric Coin Company has released the code for Halo 2, an updated zero knowledge proof of Zcash that removes the need for a trusted install. According to a blog post, the private cryptocurrency developer Zcash Electric Coin Company (ECC) has released the source code for Halo 2, an updated and more efficient version of ECC’s recursive evidential composition that removes the need for a trusted setup for Zcash. Halo 2 also has a promising scaling…

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