A new mining concept is facing criticism in the blockchain sphere. Dr. Elias Strehle of the Blockchain Research Lab and Lennar Ante of the University of Hamburg recently warned that blockchain nodes engaging in exclusive mining “have no incentive to forward new transactions to their peers.” They speculated that crypto miners may instead be incentivized…
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Bitcoin DeFi is coming, but it’s not really on Bitcoin. A decentralized exchange built on the Liquid network is opening for early access on Monday. Called TDEX, the project has announced its entry into an Open Alpha stage. It’s being built by Sevenlabs — a firm that provides consulting and white-labeling services in addition to…
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A massive bug cannot be exploited yet as pool migration is set to continue. SushiSwap appears to be vulnerable from a sneaky bug that could multiply someone’s governance power without having to acquire new tokens. Reported by developer Jong Seok Park on Sept. 7, the bug can be described as a governance double-spend. In essence,…
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Other features will also be in the network. Vid Foundation, the company behind the social media app Vid which rewards users, unveiled its plans to allow more staking in its VI token. Jag Singh, CEO and Co-Founder of Vid Foundation, said in a post that new stakers would be able to join Vid and stake…
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South Korean public entities are becoming blockchain-friendly. The Korea Internet & Security Agency, or KISA, is the first public entity of South Korea to implement a blockchain-powered employee ID system through a smartphone app starting October. According to Yonhap, the agency will also issue tokens called “KISA Coin” to reward KISA’s best employees, enabling them…
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And not all crypto traders are gamers either. With the rise of non-fungible tokens (NFT), gamers and crypto enthusiasts are coming together, but gamers may not even know they’re using cryptos before they understand the decentralized nature of NFTs, an expert said. During an interview with Cointelegraph, Mac Ocampo, head of growth at blockchain entertainment…
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Blockchain helps the other kind of mining. Mining firm Vale and its partners completed its first iron sale over blockchain. According to a statement on its website, Vale sold 176,000 tons of iron ore to Nanjing Iron & Steel, sending the material from Malaysia to China. Vale and its partners used the blockchain platform Contour…
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Healthcare is seeing the potential. The healthcare industry in the United States has shown great interest in blockchain technology, especially after the recent cyber attacks on medical research facilities working on COVID-19 vaccines. According to the DevPro Journal, healthcare officials believe that adopting blockchain technology can provide data security against cybercriminals and hackers because it…
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Is blockchain the solution in making payments more transparent and secure? With online payments company Wirecard undergoing insolvency proceedings this month, mainstream financial services like VISA, PayPal, and Mastercard are rushing to fill the digital payments void, and be one of the first to offer crypto payment cards, stated experts in the crypto industry. During…
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Developers see the problem, but there is little they can do right now. An Ethereum All Core Devs call was held on Friday to discuss a variety of Ethereum Improvement Proposals as gas fees on the network remain historically high. The agenda included several discussion points on high gas prices and ways to mitigate the…
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