Day: February 23, 2019

Blockchain Company CasperLabs Appoints Ethereum Researcher Vlad Zamfir as Lead Architect

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Blockchain protocol research and development company CasperLabs has appointed Ethereum Foundation researcher Vlad Zamfir as lead consensus protocol architect, a Medium post by the company reveals on Feb. 22. CasperLabs is a company trying to develop the so-called correct-by-construction Casper proof-of-stake (PoS) Ethereum (ETH) consensus algorithm. In a PoS cryptocurrency, block creators are chosen by random selection with the consideration of the user’s wealth in the network and, sometimes, the age of his assets that is often referred to as the “coin age.” Vlad Zamfir infamously stated in March 2017…

Canadian Banks Wary of QuadrigaCX Assets’ Origins, Cite Money Laundering Concerns

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Canadian banks have showed hesitation concerning the management of insolvent cryptocurrency exchange QuadrigaCX’s assets, national public broadcaster CBC reports on Feb. 22. QuadrigaCX has faced financial difficulty following the sudden death of its founder Gerry Cotten, who was the allegedly only one with access to the exchange’s cold wallets. As Cointelegraph reported earlier this week, QuadrigaCX has sent its remaining crypto assets from its hot wallets to Big Four auditing firm Ernst & Young, the court-appointed monitor overseeing the case. During Friday’s court hearing, lawyers for the Bank of Montreal…

CasperLabs Nabs Ethereum Developer Vlad Zamfir

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CasperLabs announced that Ethereum developer Vlad Zamfir, the creator of CBC Casper, will be coming on as their lead architect. CasperLabs is working on a proof-of-stake blockchain. They don’t have much else about them out there; their website is still in landing page mode. Zamfir is the authority on CBC Casper. CBC stands for “correct-by-construction.” Vitalik Buterin explains it like this: CBC Casper is designed to be fundamentally very versatile and abstract, and come to consensus on pretty much any data structure; you can use CBC to decide whether to…

An Introduction to Bitcoin’s Scripting Language – BTCMANAGER

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In the following introduction, BTCManager will investigate the simple, yet powerful, coding language used in the Bitcoin Network. The Bitcoin Scripting language, or Bitcoin Script, was designed with only a few functions in mind; it is compact, Turing incomplete, and stack-based. In this way, the language serves these ends efficiently and securely. Despite its minimal functionality, in comparison to networks like Ethereum, it has nonetheless proven itself throughout a decade to be powerful enough to support transactions in value adequately. Bitcoin Script and “Programmable Money” The programming language behind the…

NEO Cofounder Praises the Ethereum Dev Community, Talks About the Future of Blockchain Tech and NEO 3.0

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Da Hongfei, Co-Founder of NEO and the visible face of the project, gave one of the most critical presentations of the NEO DevCon in Seattle. During the event, the community was able to learn about the most important developments that are being made on this platform as well as the progress of NEO 3.0, the “evolution” of the blockchain, planned for the upcoming months. One of the most relevant things to be noted is Da Hongfei’s vision of consolidating NEO as the most important blockchain of 2020. A challenging goal…

John McAfee Sticks To $1,000,000 Bitcoin (BTC) Prediction, Issues ‘Hard Date’

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John McAfee Stills Expects Bitcoin To Hit Seven Figures In late-2017, when BTC was surpassing key levels each and every day, we reported that technology guru John McAfee made a prediction that Bitcoin would hit $1 million by the end of 2020. He put his manhood on the line. When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the…

John McAfee Sticks To $1,000,000 Bitcoin (BTC) Prediction, Issues ‘Hard Date’

boss

John McAfee Stills Expects Bitcoin To Hit Seven Figures In late-2017, when BTC was surpassing key levels each and every day, we reported that technology guru John McAfee made a prediction that Bitcoin would hit $1 million by the end of 2020. He put his manhood on the line. When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the…

Whether You Bought Bitcoin (BTC) at $1,800 or $3,000 Won’t Matter in 5 Years: Crypto Analyst

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Your Bitcoin Cost Basis Won’t Matter In Five Years Since Bitcoin (BTC) began to fall just thirteen months ago, investors have done their best to time the bottom. Some have been taking the safe, smart route, purchasing BTC on a normal basis to dollar-cost average in, while others have been a tad more irrational, purchasing cryptocurrencies whenever it suits their emotions. Yet, one analyst claims that by this point, it won’t matter whether your Bitcoin cost basis is $1,800, $3,000, or any other figure in this range in three to…

Whether You Bought Bitcoin (BTC) at $1,800 or $3,000 Won’t Matter in 5 Years: Crypto Analyst

boss

Your Bitcoin Cost Basis Won’t Matter In Five Years Since Bitcoin (BTC) began to fall just thirteen months ago, investors have done their best to time the bottom. Some have been taking the safe, smart route, purchasing BTC on a normal basis to dollar-cost average in, while others have been a tad more irrational, purchasing cryptocurrencies whenever it suits their emotions. Yet, one analyst claims that by this point, it won’t matter whether your Bitcoin cost basis is $1,800, $3,000, or any other figure in this range in three to…

Can cryptocurrency security be improved?

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If there’s one feature of cryptocurrencies that you’ll hear time and time again, it’s that they’re secure. With their decentralised nature and blockchain hosting, the security should arguably be some of the best that the financial industry has ever seen. Could there be more to cryptocurrency security, however? Here, we’re exploring exactly that. How Secure Are They? When it comes to cryptocurrencies, there’s no denying that they do hold some level of security above typical financial processes. With blockchain technology meaning that any and all transactions are transparent but anonymous,…