Vitalik Buterin Eyes Research on Privacy Coin Monero’s Traceability

By CCN: Vitalik Buterin has expressed an interest in incorporating privacy features into Ethereum. He is partial to the ZK-SNARKS technology that is used in privacy coin Zcash. Nonetheless, his senses appear to be particularly keen about any developments surrounding privacy protocols. This became clear when a research paper was published entitled: “FloodXMR: Low-cost transaction flooding attack with Monero’s bulletproof protocol.” The researchers decided to explore what they call a “flooding attack with Monero’s bulletproof protocol.” In a nutshell, it involves an attacker flooding the network with their own transactions and…

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Vitalik Buterin Makes Three Separate $100,000 Donations

Ethereum‘s Vitalik Buterin has given about 1,000 ETH tokens each (currently worth about $324,000) to three separate startups that are working on the Ethereum ecosystem. The startups, namely Prysmatic Labs, Sigma Prime and ChainSafe Systems were gifted the tokens by Buterin as a “contribution to the push the development of Ethereum 2.0,” For instance, while The post Vitalik Buterin Makes Three Separate $100,000 Donations appeared first on CCN

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Ethereum is a Few Years from ‘Profound Decentralization’ — But That’s OK: Co-Founder Joseph Lubin

Blockchain technology will power a monumental shift in society from a “scarcity to an abundance mindset.” These were the words of Ethereum co-founder Joseph Lubin speaking last week at the Web Summit in Lisbon, Portugal. Lubin’s Blockchain Impact Theory Delivering his keynote address at the event, Lubin, who is also the co-founder of Ethereum development The post Ethereum is a Few Years from ‘Profound Decentralization’ — But That’s OK: Co-Founder Joseph Lubin appeared first on CCN

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Ethereum Founder Vitalik Buterin Hopes Centralized Exchanges ‘Burn in Hell’

Ethereum co-founder Vitalik Buterin has stated that he would like to see centralized cryptocurrency exchanges “burn in hell as much as possible”, while conceding that such a time may yet be a while off. He made the remarks while speaking at the TC Sessions Blockchain 2018 event on July 6 in Zug, Switzerland. Responding to … Continued The post Ethereum Founder Vitalik Buterin Hopes Centralized Exchanges ‘Burn in Hell’ appeared first on CCN

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Vitalik Buterin: Ethereum Will Eventually Achieve 1 Million Transactions Per Second

Vitalik Buterin, the creator of Ethereum, has explained in a recent OmiseGO AMA session that with second-layer solutions such as Sharding and Plasma, the Ethereum network will eventually be able to process 1 million transactions per second and potentially more than 100 million transactions per second. Scalability Struggles of Leading Blockchain Networks Previously, at various The post Vitalik Buterin: Ethereum Will Eventually Achieve 1 Million Transactions Per Second appeared first on CCN

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BitConnect Token Loses 90% Amid Exchange Closure Announcement

The post BitConnect Token Loses 90% Amid Exchange Closure Announcement appeared first on CCN BitConnect, a once-promising crypto entity, has lost nearly 90 of its value, as its price has fallen to $26.00 in the wake of announcing the closure of its exchange and lending operation amidst legal problems with U.S regulators. The currency’s market capitalization has fallen to $175,637,617, according to coinmarketcap.com. A total of $17.517 million worth The post BitConnect Token Loses 90% Amid Exchange Closure Announcement appeared first on CCN

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