upgrade – Page 4

August 27, 2019

Brave Blockchain Browser Crypto Wallets Will Support Ethereum And ERC20 Tokens

The open-source browser Brave has decided to upgrade its crypto wallet in its latest update. Initially, the wallet was created to be focused on the Basic Attention Tokens (BAT), which are used in the browser.

However, now it was announced by Alex Wykoff, a researcher of the platform, that a new feature would be introduced: Ethereum and several ERC20-based tokens would start to be accepted at the platform.

According to him, the wallet of Brave is a standalone product that you can use even if you do not use the Brave browsing program. It was also highlighted that it is focused at people who already know a bit about the crypto world and are at least somewhat familiar with cryptocurrencies.

It was also informed that a system for people to transfers their assets between the crypto wallet and Brave Rewards will be created soon and that they will finally be able to directly transport their tokens to their wallets using it.

In a possibly controversial move, Brave will require a Know Your Customer (KYC) procedure for the users trying to move their assets out. According to the company, Brave has no interest in knowing who its users are, but it still has to comply with current laws of the financial sector.

Brave, in case you are not familiar with the platform, is a browser that you can use to browse the web without ads. Any advertising that you see will be because you choose to do it and you get paid BAT tokens for watching it.

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Author: Hank Klinger

June 9, 2019

Ethereum Classic All Set to Test Code for its Latest Blockchain Upgrade Atlantis

The proposed network upgrade was initially scheduled to go live sometime during the first week of August.
However, it is now being rumored that the update might be deployed within the next couple of weeks.

As per an all-new story circulating over the internet recently, the ETC (Ethereum Classic) dev team is all set to test out a proposed upgrade for their currency’s native blockchain ecosystem (within the coming few days).

The upgrade — dubbed ‘Atlantis’ — was scheduled to go live sometime later this summer. However, due to the ETC stakeholder committee pushing for the upgrade to go live as soon as possible, it now appears as though the update will be implemented by June 19.

In regards to the matter, an ETC dev named ‘soc1c’ was recently quoted as saying:

“The July 1st target is off. No need to further discuss that. We have agreed on testnet and can still decide on mainnet.”

A Closer Look At The Matter

It is being said that the upcoming Atlantis upgrade will usher in a number of changes to the ETC network that were “formally introduced” on the original ETH network all the way back in 2017. However, simply put, the goal of this entire operation is to increase user interoperability between the two systems.

Notably, Ethereum Classic (ETC) came into existence in 2016, after the Ethereum (ETH) community voted in favor of a hard fork (following the ‘The DAO hack’, a smart contract-based funding vehicle that was subject to a host of hacking scandals after it was discovered that the platform’s native coding structure had a massive flaw present within in it),

Details Regarding Atlantis to Be Sorted Out in Coming Weeks

Also, as of last week, ETC’s core dev team was still divided about certain aspects of the upcoming Atlantis upgrade. For example, some members of the currency’s governance committee raised concerns regarding the usefulness of “making a fixed cap to the size of smart contract code on the blockchain a backwards-incompatible change”.

As things stand, no clear resolution pertaining to this disagreement has been made. However, it is being said that any pending issues regarding the implementation of Atlantis will be sorted out by June 13.

Another meeting is scheduled to take place amongst ETCs primary stakeholders this coming Friday — so as to discuss some of the final changes (pertaining to the pending network upgrade) that need to be made.

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Author: Shiraz J

May 30, 2019

NEO Announces New Oversize Fee Addition as Part of Its Blockchain Mainnet Upgrade On June 3

NEO announces it will be performing a network upgrade on June 3
The goal is to make general improvements on the network for it to become more efficient

The Ethereum (ETH) of China, NEO, announced that it is planning to conduct a network upgrade as soon as on June 3 at 9:00 am (GMT). The information was released in an official blog post on May 29. NEO has lost several positions in the market after the bear trend that digital assets experienced in 2018.

NEO Announces New Plans For Its Network

NEO, one of the most popular blockchain networks in the market, announced that it will be upgrading its network on June 3. According to the blog post released by the organization, one of the main features of this upgrade is related to the addition of an oversize fee that is measured in GAS, a digital currency used on the NEO blockchain. This oversize fee is going to be applied to transactions of over 1,024 bytes.

The oversize fee for transactions is going to be determined by a new formula: (transaction size) * 0.00001 GAS + 0.001 GAS. There are also some exceptions to this rule. Transactions that cost less than 0.001 GAS are going to be considered as low priority and will be capped at 1,024 bytes.

The fees that the network imposes aim at discouraging spam attacks on the network or malicious transactions. This allows users to have a better overall experience while using the network. According to the post, exchanges and individuals that are using different NEO tools should upgrade their clients to avoid transaction losses due to the new fee protocols.

The NEO 3.0 upgrade launched at the end of the last month was created in order to improve the overall network performance and its stability. Erik Zhang, the co-founder of NEO, explained that he hopes large-scale entertainment applications to start using the NEO blockchain.

Zhang mentioned that the new network provides users with the possibility to run large-scale apps on top of blockchain technology. They expect applications such as YouTube, Alipay and other giants to deploy their services on the Neo blockchain.

Currently, NEO is the 19th largest cryptocurrency in the market. It has a market capitalization of $880 million and each NEO can be purchased for $13.55, according to CoinMarketCap.

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Author: Carl T