consensus News

Today’s edition of the weekly recap: Industry leaders discuss crypto and U.S. regulations at Consensus 2024; Binance founder Changpeng Zhao begins his jail term; fraud schemes and rug pulls rock the industry; plus: a slew of venture capital activity. 

Coinbase, Consensys, and Paradigm are urging the U.S. Treasury to reconsider its proposed reporting requirements for crypto mixer transactions, citing a lack of specificity and concerns over resource allocation. In a comment to the Treasury Department’s Financial Crimes Enforcement Network…

In a recent blog post titled "Don't overload Ethereum's consensus," Vitalik Buterin, the co-founder of Ethereum, has expressed concerns about the dangers of extending Ethereum's consensus beyond its core functions.

Two Ethereum 2.0 consensus clients, Prysm and Teku, have released new upgrades to address current Beacon Chain finality problems. The Ethereum network encountered finality problems twice in 24 hours, the first lasting 25 minutes and the second lasting more than…

Decentralized platform Ubiq has initiated a public vote on switching to a Proof of Work (PoW) algorithm. Based on a majority approval by Ubiq nodes, the platform will move to consensus algorithm ProgPoW. Ubiq Proposes ProgPoW Ubiq is an Ethereum…

Canada based blockchain technology company Decentral Inc. announced the launch of its next endeavor, dubbed “Decentral project.” Decentral Inc. is the company responsible for the multi-platform cryptocurrency wallet Jaxx. On May 16, 2018, they unveiled three new launches that included…

Lambos are the ultimate status symbols of bitcoin and other crypto whales. Since the massive surge in the price of the world’s flagship digital currency in 2017, crypto billionaires have not ceased flaunting their newfound wealth in ‘sexylambos.’ At this…

EOS developers believe that they found a solution to the scaling problem that currently plagues most cryptocurrencies, including bitcoin and Ethereum. EOS is a smart contract platform that is scheduled to launch its mainnet in June 2018 with its development…

Blockchain technology is progressively becoming the Holy Grail for disruption throughout many industries. From new financial applications up to new ways of managing and distributing charity funds, the technology underpinning Bitcoin is making its way into everyday life. Currently, there…

When the miners display inertia, the users do it by themselves; the movement for BIP148, the user-activated soft fork, is gaining momentum. On August 1 the soft fork will activate. We explain what is behind the keyword #UASF. Suddenly things…

For cryptocurrency transactions to be conducted successfully, they need to be confirmed by the blockchain. These confirmations are based on what are referred to as consensus mechanisms.  According to KPMG: “In distributed ledgers, a consensus mechanism is the way in…

BTC.com successfully completed midwife duties for the very first Bcoin block that made it onto Bitcoin’s mainnet. Block #457010 timestamped 04:30:51 on March 13 was found; some blocks were orphaned in the making. On February 10, Bcoin, Purse.io’s Bitcoin full…

AntPool, the world’s biggest Bitcoin mining pool, finally makes its actions speak rather than its words. After complaining about the unsolved capacity problems, the pool mined a couple of Bitcoin Unlimited blocks. But the story is far from clear. You…

Change in cryptocurrency is usually a hassle, with an overwhelming majority of users required to upgrade and install a new version of the software to reach a consensus. Tez0s presents a more elegant solution, with their code allowing for Tez0s’…