Jelurida co-founder Lior Yaffe claims to have discovered a potential vulnerability in the Ethereum 2.0 testnet – low staking participation could allow the whales to disable the network. Jelurida co-founder and lead developer of the Ardor and Nxt blockchains Lior Yaffe discovered a vulnerability in Ethereum 2.0. As a reminder, the blockchain is currently running on Medalla and other testnets to check for problems. Yaffe considered a situation where the level of participation in staking

The launch of the Utility Settlement Coin (USC) project, supported by major commercial banks, has been postponed until 2021 pending regulatory approval. Last June Barclays, Banco Santander, Credit Suisse Group AG and ten other largest banks in the world announced a $ 63 million investment in the Utility Settlement Coin project. The USC project partners became the founding shareholders of a new commercialization firm called Fnality International. As previously reported, the USC platform aims to

Researchers from the University of South Australia have concluded that blockchain technology needs to be improved to improve user privacy. The research results, described in a blog post from the University of South Australia, show that the features that make the blockchain secure pose privacy concerns for users, especially in line with new European standards. The study was conducted by advanced technology researcher Dr. Kirsten Wahlstrom in collaboration with Dr. Anwaar Ulhaq and Professor Oliver

Dutch non-profit organization dGen says in its report that three or more nations will replace their fiat currencies with digital ones by 2030. DGen, an independent non-profit research institute focused on blockchain research, has released a report examining the issue of government cryptocurrency issuance. The report, sponsored by the European Central Bank (ECB), Standard Chartered Bank and the Frankfurt School of Management and Finance, has made some important predictions about the impact of government cryptocurrencies

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

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

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 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

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

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