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Vlad Zamfir's Ethereum 'Casper' upgrade gets new code

Image source: www.coinscrum.com Ethereum developer Vlad Zamfir has released the first version of the Casper protocol upgrade. The code was published on Tuesday, November 21, following its initial presentation at Devcon3 earlier this month. Its aim is to fundamentally rework the creation and propagation of blocks on the Ethereum network. It's actually the first of two simultaneous attempts to develop new code for Casper; the other one is being led by network creator Vitalik Buterin. Zamfir's approach to Casper comes mere days after the release of a white paper with the title 'Casper the Friendly Ghost'. This paper has its...

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Does a fall follow pride with crypto-currencies?

There is ever-more fevered speculation about when the crypto-craze is going to hit a wall. Ethereum has risen 3,500% this year; Bitcoin is $8000, up more than 600% since January. Will they climb further? The bad news is that the power needs of miners have risen 43% just since October. The global drain on electricity networks of mining cryptos is now 28 terawatt-hours a year, whereas anything above 19 cents/KWH makes mining unprofitable. We’re in a sweet spot just now as the price of Bitcoin goes up and makes power relatively cheaper. But when the rate goes down as further...

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Bitcoin Broke Coinbase CEO Brian Armstrong’s Heart, So He’s Now Focused on Ethereum

For anyone who has been paying attention to digital asset onramp Coinbase over the past year or so, it’s obvious that the company has fallen in love with Ethereum and Bitcoin is no longer the main area of focus. During the recent DFJ Summit, angel investor and This Week in Startups Host Jason Calacanis asked Coinbase CEO Brian Armstrong to explain why his love for Bitcoin has faded.  Armstrong’s own preference for Ethereum is well-documented at this point. According to Fortune, he currently holds more ether than he does bitcoin. On top of that, fellow Coinbase co-founder Fred Ehrsam has...

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Parity comes clean on $160 million Ether freeze

The development team behind Parity’s Ethereum software has released new information on the critical code fault that caused $160m worth of Ether to be frozen. At the present time, there is no immediate solution to allow those affected to regain access to their funds. The Parity team has acknowledged that the situation has caused distress and anxiety for the wider community, and especially those involved and that they are working on a solution to the problem. The post [https://paritytech.io/blog/security-is-a-process-a-postmortem-on-the-parity-multi-sig-library-self-destruct.html] has stated that there is currently no set timeline for the release of the frozen Ether. The current consensus is that...

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Ethereum improves while Bitcoin struggles

The whole of the cryptocurrency world is currently fussing over recent events regarding Bitcoin, and rightly so. The price drop of $1,000 per BTC and the pulled release of the planned SegWit2x hardfork has kept Bitcoin firmly in the public eye. In the meantime however, Ethereum has been making slow and steady improvements and growing its own network. Ethereum, the second largest cryptocurrency, has seen an increase in usage recently as the ICO world grows and the new ERC20 and ERC223 tokens were born. The Ethereum Foundation recently published a report that indicated the network had processed around 44% more...

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