Blockchain
Ethereum Miner Tries to Expedite Testnet Merge By 2 Weeks
Ethereum developers foiled a “mischievous” miner’s attempt to expedite Ethereum’s transition to Proof-of-Stake on a public testnet by two weeks. Developers expect Ethereum’s Eth2 Beacon Chain to merge with Ethereum’s mainnet this autumn. The transition, known as “The Merge”, will change the chain to Proof-of-Stake consensus and abandon Proof-of-Work miners. Ethereum’s developers want to trial…
Forked Terra Blockchain To Launch On Friday
Terra is forking its blockchain and ditching UST, the algorithmic stablecoin that collapsed in dramatic fashion two weeks ago.
Outdated Node Clients Cause Blockchain Reorg on Eth2 Beacon Chain
The Eth2 Beacon Chain’s validators fell out of step on May 25 after a client update boosted some clients but caused confusion among validators who hadn’t bothered to upgrade. The incident, called a blockchain reorganization, happens when nodes disagree on the order of the most recent block. Blockchains order blocks – batches of transactions –…
Filecoin and Lockheed Martin To Launch IPFS Into Space
The Interplanetary File System (IPFS), a protocol for peer-to-peer file data sharing and storage, is set to live up to its name through a partnership with Filecoin and U.S. space and weapons company Lockheed Martin. Filecoin, which relies on IPFS, wants to store an IPFS node on one of Lockheed Martin’s spaceships. When the spaceship…
Optimism Targets ‘Ethereum Equivalence’ With New L2 Upgrade
Ethereum scaling solution Optimism today announced Bedrock, an upgrade that improves speeds and cuts costs for those that trade on the L2. Optimism is a rollup: a Layer 2 scaling solution that batches transactions on another blockchain, then feeds them back to Ethereum as a single transaction. Rollups enjoy the security of Ethereum’s mainnet while…
Bitcoin and Ethereum Hash Rates Hit All-Time Highs Despite Bear Market
Cryptocurrency miners continue to pump computing power into the Ethereum and Bitcoin networks despite their tokens’ recent price drop.
June 8 Ropsten Merge Indicates Ethereum’s PoS Transition Is On Track for Q3: Joe Lubin
ConsenSys founder Joe Lubin emphasizes Eth2 scalability ahead of the first chain-merge on a public testnet planned for June 8.
EY And Polygon Unveil ZK and Optimistic Rollup Hybrid
Accounting firm Ernst & Young and Ethereum scaling company Polygon has launched the mainnet beta of its rollup for businesses, Nightfall. Ernst & Young (EY), one of the ‘Big Four’ financial services behemoths, started work on Nightfall in 2019 to make its customers’ Ethereum transactions private. But the company was so swamped by Ethereum’s high…
Luna Foundation Guard Spent $3B In Unsuccessful Bid To Defend UST Peg
LFG burned through its Bitcoin reserves in an attempt to shore up UST. Some of its swaps are raising eyebrows.
