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Governance, Part 2: Plutocracy Is Still Bad

Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way. дальше »

2018-7-21 23:03


STARKs, Part I: Proofs with Polynomials

Special thanks to Eli Ben-Sasson for ongoing help, explanations and review, coming up with some of the examples used in this post, and most crucially of all inventing a lot of this stuff; thanks to Hsiao-wei Wang for reviewing Hopefully many people by now have heard of ZK-SNARKs, the general-purpose succinct zero knowledge proof technology that can be used for all sorts of usecases ranging from verifiable computation to privacy-preserving cryptocurrency. дальше »

2018-7-21 23:03


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place. дальше »

2018-7-21 23:03


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Big Opportunity for Insurance Industry to Get into Bitcoin, Says Allianz

More and more insurance giants are considering covering cryptocurrency holders and businesses for theft of funds, as Allianz says the industry presents a “big opportunity. ” ‘More Relevant, Important And Prevalent’ Speaking to Bloomberg July 19, spokesman Christian Weishuber forecast rising acceptance and mainstream interest in cryptocurrency meant the insurance sector could make significant inroads in the space. дальше »

2018-7-21 17:00


Huobi Partners Will Have The Ability To Develop Digital Asset Exchanges Rapidly

Cryptocurrency exchange Huobi which is in Singapore launched its Cloud businessarm, which will allow associates to develop digital asset exchanges rapidly. Huobi Cloud depends on Huobi’s existing exchange platforms to offer solutions of putting together over-the-counter (OTC) exchanges and cryptocurrency exchanges for partners who have little to no IT abilties. дальше »

2018-7-20 17:30


Hong Kong’s Banking Sector to Get a Blockchain Platform by September

The Hong Kong Monetary Authority, the region’s currency board and central bank, is set to launch a live blockchain-based trading platform in September. The banking project is backed by HSBC, Bank of China, ANZ, DBS Bank, Bank of East Asia,… The post Hong Kong’s Banking Sector to Get a Blockchain Platform by September appeared first on CoinCentral. дальше »

2018-7-20 16:08


How The Most Valuable Crypto Companies Could Become Blockchain-Based Banks

Giant Cryptocurrency Firms Take A Leap, Possibly Establishing Banks? The notion of cryptocurrencies first stemmed in 2013 through the first ever digital currency, Bitcoin. While it took some time to get used to hearing “Bitcoin”, which to this day is somewhat problematic, between the years 2017 and 2018, more consumers have become cryptocurrency investors. With […] дальше »

2018-7-19 14:47


Russian Crypto Owners and Bitcoin Miners Will Not Create Diffferent Tax Laws

Russia Will Not Create Separate Laws For Bitcoin Owners And Cryptocurrency Miners While speaking with the local media, Anatoly Aksakov, the head of the Financial Markets Committee in Russia’s state Duma, stated that the government does not have plans to create any separate tax frameworks for crypto. According to him, people who get money from […] дальше »

2018-7-19 09:55


Binance’s ChangPeng Zhao Says Crypto Market Will Get Big Institutional Investment Boost

Binance CEO Expects The Crypto Market To See A Huge Jump In Institutional Investment The CEO of Binance, ChangPeng Zhao, has recently announced that a huge wave of institutional investments is about to enter the crypto market and that ICO investment will be on the rise once again. He also used the opportunity to share […] дальше »

2018-7-19 23:38


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Fiat Currencies Will Become Essential to Public Blockchains

In an imagined future world of cryptocurrencies, fallible and politically influenced central bankers are replaced with algorithms and currencies get more valuable over time, not less so. Even if cryptocurrencies continue to grow (and they most likely will), if we want blockchains to deliver upon their promise, we must be able to transact using traditional дальше »

2018-7-18 15:43