Proof-of-Stake

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Fantom Deploys High-Speed PoS to Solve the ‘Blockchain Trilemma’

While the ever expansive world of decentralized finance is improving on its traditional counterpart the web3 is not without its problems.  For example, to maintain an optimal state of functionality, commonly used assets like Bitcoin need to compromise between one of three core components: scalability, security, or decentralization. This concept is known as the “blockchain …

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SharedStake Down 95% After Insider Exploit

SharedStake, a decentralized ETH2.0 Staking-as-a-Service protocol, is in disarray after a suspected inside job.  In a series of transactions on June 19 and June 23, a ‘rogue developer’ withdrew $500K worth of SGT, the project’s governance token, from the team’s allocation. These tokens were locked in a vesting contract and were meant to be unlocked …

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Stakehound Accuses Fireblocks of Losing $74M of ETH

It’s a he said-she said scenario, and it’s about more than $74M in ETH. Stakehound, a service which gives users a synthetic asset to trade for their staked Ether, has accused Fireblocks, a digital asset security firm, of losing 38,178 ETH. The Ether, worth $74.4M at the time of writing, is staked in the ETH …

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btc council

Musk and Saylor Catch Flak for Bitcoin Mining Council Gambit

What were they thinking? When billionaires Elon Musk and Michael Saylor met behind closed doors with some of North America’s biggest Bitcoin miners on May 24 they were asking for trouble. The two Bitcoin champions were certainly confronting a big problem: In recent weeks the long simmering concerns about the soaring amount of power consumed …

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Risks and Rewards of Becoming an Eth2 Validator

The deposit contract for Ethereum’s new proof-of-stake chain was released today. If ~524k ETH is deposited this month, the new chain will go live on Dec.1. Potential rewards for contributing to that pile of ETH are enticing, but as is usually the case with high returns, there’s also high risk. So far, 5.7K ETH from …

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