Technology

At the cutting edge of blockchain research is a potential $15 million dollar venture by the Ethereum Foundation centered around a technology called Verifiable Delay Functions (VDFs). Acting as a source of computer-generated randomness that is unpredictable and unbias-able, VDFs are envisioned for use in a highly-anticipated “proof-of-stake”(PoS) system called Serenity which the ethereum network will
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Ethereum startup Aragon is considering building a second network on the blockchain interoperability protocol known as Polkadot. While the firm stressed that it still intends to launch the Aragon Network on the ethereum blockchain this year, CTO Jorge Izquierdo revealed at its Aracon conference this week that it may additionally launch aragonOS, a framework to build
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Bitcoin’s “lightning torch” saw none other than Twitter CEO Jack Dorsey snatch up the ongoing payment experiment and pass it on Tuesday. As CoinDesk reported today, users have been passing around a so-called “lightning torch” – a running game wherein each participant adds a little bitcoin to a payment, then passes it onto someone on
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Cryptocurrency custody startup Casa has just launched a browser extension for its lightning network-enabled bitcoin node. Now, users will be able to interact with their Casa Nodes – hardware devices that connect to and help validate the bitcoin blockchain – directly on any cryptocurrency website that boasts lightning network functionality. Lightning is a layer-two payments
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A new token backed one-to-one with bitcoin is now live on the ethereum blockchain. “Wrapped BTC” (WBTC) officially launched its ERC-20 token Wednesday evening. The project was first unveiled in October as a joint initiative between decentralized exchange startups Kyber Network and Republic Protocol, as well as cryptocurrency custody company BitGo. As stated on the
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This is a visualization of the lightning network taken at 22:29 (UTC) on Friday. Created by blockchain analytics startup 1ML, the snapshot represents all of the nodes running lightning software and creating public payment channels atop the bitcoin blockchain. Looks complex, right? And believe it or not, this network is getting progressively larger each day according to
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James Bridle is a writer working across technologies and disciplines and author of “The New Dark Age: Technology and the End of the Future.” His work can be found at http://jamesbridle.com. The following work will appear as an introduction to “The White Paper by Satoshi Nakamoto” to be published by Ignota Books.  For more on bitcoin’s
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Harvard University, jeans giant Levi Strauss, and a U.S. think-tank are investigating blockchain as a means to improve labor welfare. New America announced Thursday that the U.S. Department of State has granted $800,000 for a pilot project that will develop a blockchain-based system to track the working conditions of factory workers. The first phase of
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Blockchain technology firm Bitfury has released a suite tools aimed to drive adoption of bitcoin’s lightning network. Although the network is still under development, Bitfury announced a comprehensive product list to support the tech on Wednesday, including an open-source lightning wallet and hardware and software tools for merchants and payment processors to accept payments. It
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It’s been over a year since the scaling upgrade known as segregated witness, or SegWit, was activated on the bitcoin network. Even so, only an estimated 36 percent of all bitcoin transactions are actually using it. Why the minimal adoption rate? It’s largely because, like any backward-compatible upgrade (otherwise called a soft fork), SegWit ensures participants in the
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U.K. bank Barclays and London-based startup Clearmatics are inviting coders to come up with ways to connect ethereum with made-for-enterprise blockchains such as Hyperledger Fabric. The interoperability challenge is being hosted by Clearmatics and will use a template involving its open-source interoperability protocol, Ion. The hackathon will take place at the Barclays Rise fintech hub in
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