Ethereum

Ethereum’s ProgPoW Mining Change to Be Considered for Istanbul Upgrade

The code designed to enact ethereum’s next system-wide upgrade, Istanbul, may feature the inclusion of a controversial mining algorithm said to allow for broader participation in its network. Discussed Tuesday during a meeting of project managers working on the world’s second-largest blockchain, Ethereum Improvement Proposal (EIP) 1057, also known as Progressive Proof-of-Work (ProgPoW), has been long debated. […]

Ethereum

Ethereum’s ProgPoW Proposal: An Expensive Game of Whack-a-Mole

Dovey Wan and Martina Long are partners at Primitive Ventures, a crypto asset investment fund. ––––––––– Recently, there has been discussion regarding a proposal to migrate ethereum away from proof-of-work called ProgPoW (short for programmatic proof of work). Proponents of ProgPoW want to flip the paradigm of the cryptocurrency mining industry on its head. Their thought […]

Ethereum

Ethereum Creator Vitalik Buterin Proposes Wallet Fee to Fund Developers

Vitalik Buterin, the creator of the ethereum blockchain project, has proposed increasing user fees on the network for the purposes of supporting developers with sustainable funding. “I propose we consider supporting a community norm that client [and] wallet [developers] can [and] should charge a 1 gwei/gas fee for [transactions] sent through their wallet,” tweeted Buterin Friday. […]

Ethereum

MakerDAO Opens Token Holder Vote on Fee Hike for Ethereum Stablecoin

The open-source developer group behind the dollar-pegged, ethereum-backed stablecoin DAI is considering whether higher fees could help stave off mounting liquidity issues. During the weekly developer call on Feb. 28, some token holders, including MakerDAO founder Rune Christensen, voiced concerns about whether the peg, the mechanism by which the cryptocurrency holds a stable value, can continue […]

Ethereum

No Vitalik, No One Wants a Bitcoin ‘App’ on Ethereum’s ‘Smartphone’

The Ethereum ERC20 token backed by Bitcoin has just 13 token holders and 16 transactions to its name, data reveals. Buterin: Bitcoin Functionality ‘Too Limited’ ‘Wrapped Bitcoin,’ which debuted in January from BitGo, caused confusion among cryptocurrency figures when developers announced it late last year. Now, in a further sign of the limited appeal of […]

Ethereum

Ethereum Developers Start Search for New Hard Fork Coordinator

Developers in the ethereum community are seeking a new specialist to help coordinate major software upgrades. Following the departure of core developer Afri Schoedon from the open-source project in late February, ethereum developers discussed the issue of who would take his place in coordinating hard forks, or system-wide software upgrades, in a meeting Friday. Schoeden left just […]

Ethereum

Ethereum Upgrades as Hard Forks Activate on Blockchain

Two long-anticipated upgrades appear to have officially activated on the ethereum blockchain, the world’s second-largest by market value, without incident. At 19:57 (UTC), the sixth and seventh system-wide upgrades to the software, dubbed Constantinople and St. Petersburg, respectively, rolled out on the main network at block number 7,280,000. As seen on blockchain monitoring website Fork Monitor, there is […]