Cardano Founder Fires Shot at Ethereum; “I’m Ready to Fight & We’re Gonna Win This”

A version of Daedalus for the Shelley testnet is released while 56% of the addresses holding ADA are in profit.

It was in last month that Cardano prices started showing signs of life after a long time. The price of the cryptocurrency jumped more than 50% to climb to nearly $0.90 in early June.

Since then, the market has slowed down and ADA is currently trading at $0.080 but still up 139% YTD and at the tenth spot by market cap.

However, the cryptocurrency is still down a whopping 94% from its all-time high of $1.33.

These gains in the past month have been on the back of the announcement of much-anticipated Shelley’s launch date.

As the Shelley hard ford approaches, Cardano continues to show signs of strength. At its current prices, 56% of the addresses holding ADA are “In The Money” which means if those addresses were to sell their position today, they would make a profit.

Also, 53% of ADA holders have been holding for more than a year, as per IntoTheBlock.

First version of Daedalus for Shelley testnet

This week, IOHK released a version of Daedalus for the Shelley testnet which is designed exclusively for stake pool operator testing. It will eventually be the wallet that ADA holders will use on the mainnet and it’s just one of the many releases that are to come.

The latest news came just two weeks after the Shelley testament was opened to all stake pool operators.

The Haskell-optimized wallet comes only with basic functionality that allows stake operators to create, delete, and restore Shelley wallets. One can also transact on the network.

For now, Daedalus is only available on IOHK’s GitHub repository as the company is looking for feedback for the following version of Daedalus that will be released during the Shelley rollout with new features like delegating stake and checking rewards.

All that we’ve been working on are coming together

A day after the Daedalus wallet release, Charles Hoskinson, founder of Cardano and CEO of IOHK talked about the upcoming Cardano conference in July where they will be sharing the roadmap and what’s to come.

“I think people are gonna be very pleasantly surprised about our progress… we have a few surprise announcements that we’re kind of holding in our back pocket that we’re super excited about,” Hoskinson said in the interview with Messari.

They also have papers coming out soon where they have solved the proof of stake problem to get parity with proof of work. Also, they can make the protocol faster and layer the protocol with different capabilities like sharding if wanna go down that road “but it’s not even necessary.”

Hoskinson who is also the co-founder of Ethereum, which he doesn’t like to be referred to just acknowledged, fired shots at the second-largest network saying the “biggest lie ever told” in crypto space is that “Ethereum has achieved the network effect consensus.”

“They say we’re the dominant platform which is like saying you’re the biggest fish in a very tiny pond next to the ocean,” Hoskinson said.

According to him, everyone is still fighting and no one has won. To win, one has to solve real problems and think in terms of utility and experiences and what is actually going to help your user, he said. Adding,

“I’m ready to fight and I think we’re gonna win this one, all the things we’ve been working on for five years are just coming together all at once.”

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Author: AnTy

Steem is ‘Overly Centralized’ Says CZ While Announcing Support for the Controversial Hard Fork

The leading spot exchange Binance has received a request to upgrade the STEEM network to version 0.23.

This controversial hard fork earlier this week aimed to freeze 23.6 million STEEM tokens worth $5 million of 65 accounts and reduce the un-staking time to 4 weeks from 13 weeks.

In an attempt to prevent the takeover of these funds, they were sent to crypto exchange Bittrex but as we reported the exchange has decided to not turn over these funds to their owners as they would be following the “consensus of the blockchain.”

Now, Binance has also agreed to support the upgrade and allow the users the “freedom to use their STEEM tokens as they see fit.”

“We don’t want to support this upgrade. But there is a flip side. If we don’t support it (technically), no users can withdraw any STEEM coins. The wallet stopped syncing at a certain height, and there are no other forks,” said Binance co-founder and CEO Chagpeng Zhao.

Over the next two months, the exchange will further reduce support for STEEM by cutting down its trading pairs to just one from the current 3 pairs.

CZ also advised one of the victims who reportedly lost $1 million due to this fork to “create a fork of STEEM just before the hard fork, and we will likely support that.”

As CZ himself wondered, “Thought you would have sold those for HIVE long ago,” the Twitter user They Call Me Dan shared it was because he “fought in the voting war and kept my steem powered up until Hive was born.”

He powered down his Steem but as it takes 13 weeks to fully unstake Steem, which has now been reduced to just 4 weeks, they remained stuck on the Steem network.

Earlier this month, when Tron founder and CEO Justin Sun had a hostile takeover of the Steem, which he acquired late last year was with the help of Binance, Huobi, and Poloniex, a crypto exchange also acquired by Sun last year.

Later on, Binance and Huobi retracted their influence, which they gained through the tokens staked on the exchange.

Although this time there is no “power-up and voting” involved, this one is tricky, because this upgrade turns the asset balances on a few addresses into zero of which Binance is against, explained CZ.

“The fact that this can happen on a blockchain means it is overly centralized,” he said. And in that case, “fork away from it.”

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Author: AnTy

Ethereum Wallet App, Argent, Rolls Out of Beta Mode; Using Guardians Not Seed Phrases

Argent, an Ethereum wallet app which has been available in its beta version for a selected few customers is all set to make a public launch on both Android and iOS platforms, reported TechCrunch.

The Ethereum wallet app has also secured seed and Series A funding round from notable investors such as Firstminute Capital, Index Ventures, Creandum and Paradigm, raising a total of $16 million. The wallet is supposed to have excellent security features as well as seamless compatibility with Ethereum’s popular Defi platforms.

Argent is a non-custodial wallet where the user has full access to, and control over their keys. The wallet app also promises to offer a smooth and easy to use experience for its customers, keeping all technical complexities such as managing the seed phrase behind the curtains.

In general non-custodial wallets and even hardware wallets, which are supposedly one of the most secure forms of crypto wallets available, require the users to separately note down the seed phrase on a piece of paper and then keep it safe to recover the wallet. This process can be confusing and complicated for the users who are new to the crypto space, and thus Argent aims to eradicate this complexity.

Argent, instead of using a seed phrase, introduces a new concept called ‘Guardian.’ A Guardian could be another hardware wallet device or even a metamask account. The user can confirm their guardians via an email or a text message, and when they lose access to their Argent wallet, they can recover it via their guardian account or device.

The Guardian would not just be there for recovery. An Argent user can do a lot of other things with their Guardians: like setting a transaction limit or even locking your account in case the user loses their phone.

Argent aims to become an integral part of the growing Ethereum ecosystem and support everything associated with the ecosystem. The wallet app has been created, keeping the ease of use as the primary focus.

Apart from hiding complexities involved in setting up a crypto wallet, the wallet would also cover the transaction fee, so that the user doesn’t have to worry whether their transaction would be processed. Defi is the latest trend of the crypto space; the wallet app will integrate dozens of Defi protocols and platforms to make it quick and straightforward to use the defi ecosystem as well.

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Author: Rebecca Asseh

Litecoin Core Major Release Builds ‘Functional Testing Framework’ for Privacy & Fungibility

Litecoin has released the latest version of Litecoin Core 0.18.1 and is recommended for everyone to upgrade which comes with new features, performance improvements, and various bug fixes.

This new major version release is supported on the Linux kernel, macOS 10.10+, and Windows 7 and newer. It should also work on most other Unix-like systems but is not as frequently tested on them.

In order to upgrade, you need to shut down the older version. Once it is completely shut down, you have to run the installer on Windows or copy /Applications/Litecoin-Qt on Mac or litecoind/litecoin-qt on Linux.

The issue in this version is with Wallet GUI as such is recommended not to use coin control features with multiple wallets loaded.

As for the notable changes, there have been new RPCs, configuration option changes, and when called to getblocktemplate, it will fail if segwit rule is not specified in relation to mining.

Also, when creating a fee above the default 0.1 LTC, as the feeRate argument is specified in LTC per kilobyte, not litoshi per byte, instead of rounding down the fee, the RPC commands, walletcreatefundedpsbt and fundrawtransaction will now fail.

Furthermore, in about next year, starting with Litecoin Core 0.20, Litecoin Core will default to native segwit addresses (bech32) to provide additional fee savings. If they see enough additional adoption, they will instead default to bech32 receiving addresses in Litecoin Core 0.20.

Mimblewimble Implementation Update

On May 1st, David Burkett, Grin++, and Litecoin developer posted April progress update on the Mimblewimble integration of Litecoin, claiming that a “functional testing framework” has been built.

Burkett has started integrating with the Litecoin codebase, which began with ConnectBlock logic that validates blocks before adding them to the chain, and has mostly completed end-to-end block validation tests.

Back in March, Burkett had predicted that the Mimblewimble would be running on the Litecoin testnet by the end of this summer.

As for Grin++, they have prepared to have the first non-beta version of Grin++.

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Author: AnTy

Decentralized Finance Platform 0x Rolls Out Matcha DEX Aggregator Beta; Will Go Live In Q2

  • 0x, an open finance project, launches beta version of Matcha, a decentralized exchange aggregator, a live platform set to launch this quarter.
  • The new platform improves price matchmaking offering the best rates for traders across all crypto pairs.

The decentralized finance-focused platform, 0x, announced on Twitter the launch of Matcha, a Decentralized Exchange (DEX) aggregating platform. The live platform of Matcha is expected to officially launch this quarter with no specific date stated. The platform will improve the efficiency of trading on DEX’s on a fast, secure and peer-to-peer platform.

The new platform is aiming to provide a simple gateway for users to conveniently trade cryptocurrencies on a peer-to-peer platform. A follow-up tweet by 0x states,

“There is an exciting opportunity to create a new trading platform that will usher in the next wave of users into the DEX & greater DeFi ecosystem.

Matcha is built to feel natural, intuitive, and highlight the convenience of p2p crypto trading.”

The development team released a waitlist for the beta version expected in the coming weeks, enticing early users to the platform.

A growing DEX market

The short announcement of Matcha gives a brief view of what the platform will offer users in a bid to make the DeFi ecosystem even greater.

The decentralized exchange market is on a spike and Matcha could not be in a better position entering the roaring market. According to DeFi pulse, a decentralized finance data aggregator, Matcha will be up competing with Uniswap, Bancor and Kyber Network. The three currently hold a total of about $50 million in locked value, Uniswap holding 70% of this value.

On the question of its competitive advantage against the three, Clay Robbins, a developer working on the 0x Project, said Matcha will offer users the beat price matchmaking features including a price aggregator for all DEXes to offer best prices. The main goal is to improve the ease of use and convenience of the platform to accommodate all users– experts or novices.

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Author: Lujan Odera

Augur (REP) Delays v2 Prediction Market Launch To June; v1 Cutoff Date Extended

Augur announced its long-awaited version 2 (Augur V2) will be delayed to give the community time to switch from the older V1 versions to the new updates. The team announced most of the work on the new platform is done with a little polishing up and bounty finding hanging in the way.

Augur dev team delays V2 till June

After months of work on the new Augur V2, the dev team announced the new update will launch in the ‘first weeks of June.’ The decentralized betting platform will launch on the Ethereum blockchain bringing fresh aspects in addition to a DAI-denominated coin, a switch from the ERC-20 standard token to the lucky token contract, the ERC-777 and a new tool to focus on the exposure of fake markets.

According to the blog post every REP, the blockchain’s native token, users will need to migrate to the new version before the cut-off date to avoid being left out. The team will offer more information on how to migrate tokens to the new update.

The cut-off time is delayed to the 15th of May (12:00pm UTC), giving users ample time to switch to the new version as soon as it’s launched. Users can continue creating the betting markets at the moment, as the report reads,

“At this time, we’ve decided to extend the v1 cutoff date until May 15th (12:00pm UTC). This allows users to continue to create markets through the UI while also budgeting a good deal of time between then and the anticipated deployment (to ensure resolution).”

Few steps to go

The team is just a few steps from launching the V2 main net as the community works on a few bugs, polishing the Augur user interface and the integration with DeFi product Uniswap V2. The announcement reads,

“The bulk of the remaining engineering work for the initial v2 launch involves polishing the Augur UI, preparing for integration with the launch of Uniswap v2, and performance and end to end testing of the contracts on Mainnet.”

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Author: Lujan Odera

Hyperledger Fabric 2.0 Launches With New Features; Decentralized Governance And Data Privacy

  • Hyperledger Foundation announced the launch of Hyperledger 2.0 on Thursday.
  • The second version of the open-source blockchain will include new features on governance, scalability improvements, and data privacy on a need to know basis.

In an official launch published by Hyperledger Foundation, users can now access the Hyperledger 2.0, the second version of their enterprise based decentralized ledger, focusing on production.

The open-source blockchain will introduce new data privacy controls on a need to know basis, a new chaincode management cycle that provides decentralized governance for smart contracts. Furthermore, the second version will provide a more scalable platform for efficiency. Rob Palatnick, Governing Board Chair at Hyperledger said,

“The release of Hyperledger Fabric 2.0 is an important step forward in the on-going evolution of DLT, and was developed based on feedback from real-world use, including improved chaincode management capabilities and performance enhancements.”

The Hyperledger Fabric model has been adopted by a number of large companies across the globe since launching in 2015. As of 2019, 30 of the Forbes Blockchain 50 companies, were using the open-source platform or experimenting on it including Amazon Web Services, IBM, Oracle, Tencent, Alibaba, and Google.

“Hyperledger Fabric is an enterprise-grade, distributed ledger platform that offers modularity and versatility for a broad set of industry use cases.”

Traditional financial companies have also adopted the open-source platform with Germany’s Deutsche Boerse testing on Corda and Hyperledger Fabric protocols in November last year.

Hyperledger Fabric 2.0 launches with new features

According to the official announcement, Hyperledger Fabric 2.0 launched with five major improvements from its legacy version. The new protocol will add a number of features including new chaincode lifecycle management and application patterns, data privacy on a need-to-know basis, consensus type of Raft and an external chaincode launcher.

The new governance chaincode lifestyle management will let multiple parties reach a consensus on the chaincode before accessing the chaincode, a new decentralized governance structure. Furthermore, the new data privacy protocols are set to improve how data is channeled in the system increasing privacy.

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Author: Lujan Odera

IOTA Foundation Fixes Mainnet Issue But Puts A Question Mark On Its Decentralization

  • Those running the IRI node need to update to version 1.8.3
  • The incident puts the network’s decentralization in question
  • IOTA tanks 55% in 2019, everyone is returning to Bitcoin

IOTA Foundation has fixed an issue related to its mainnet, announced the non-profit behind the IOTA network on Dec. 30. The Foundation has asked those running an IRI node to update to version 1.8.3, available on GitHub.

The issue here was that IRI didn’t account for a transaction that was shared between two distinct bundles. What led to a corrupt ledger state was that once the transaction was marked as “counted” on one bundle, it was ignored for the next bundle.

The decentralized ledger for zero-cost transactions for the Internet of Things was reportedly unable to process transactions for about 21 hours due to the issue.

Now that the issue is resolved, transactions on the network are back to processing.

Yesterday, cryptocurrency exchange Huobi that “temporarily suspended” deposit and withdrawals of IOTA due to mainnet upgrade has now resumed its services for the cryptocurrency.

IOTA’s Decentralization or the lack of it in Question

This incident however, has the community questioning the decentralized nature of the IOTA network. Jake Chervinksy, General Counsel at Compound Finance said,

“Is it fair to say IOTAholders are relying solely on the efforts of the IOTA Foundation to fix mainnet? Just wondering if that’s Howey can look at this situation.”

Back in 2017, Nick Johnson, a developer at the Ethereum Foundation said he finds IOTA “deeply alarming.”

At that time Tuur Deemester, Founding Partner Adamant Capital said,

“I’m not sure the IOTA team has the required cryptographic pedigree for long term success.”

IOTA tanks 55% in 2019, everyone is returning to Bitcoin

Instead of using blockchain technology like other cryptocurrencies, IOTA uses Tangle which is a stream of interlinked and individual transactions. The cryptocurrency uses DAG to store its ledger, with scalability as the main motivation.

Currently, the IOTA Foundation is working on Coordicide, the death of the Coordinator, to realize the “dream of a permissionless and scalable distributed ledger technology (DLT).”

Now coming onto the price part, IOTA is currently trading at $0.161, down 97% from its all-time high of $5.54, as per Coincodex. In 2019, to date, it is down by 55%.

This Mati Greenspan, founder of investment firm Quantum Economics says is because,

“People are realizing that many of the altcoins had exaggerated valuations beyond what the projects were worth.”

The market has moved beyond winter, summer, or spring and we’re currently in a period of “great consolidation” where everyone is returning to Bitcoin, said Greenspan.

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Author: AnTy

EOS Developer Block.One Launches EOSIO 2.0 With Smarter Contracts And Enhanced Security

Block.one, one of the EOS developers, has announced the launch of EOSIO 2.0. According to the press release, this is a new version of the famous smart contract protocol that was used by the company to host dapps and to use its delegated proof of stake system.

The company affirms that the new version of the program comes with several new improvements. For instance, it has a new WebAssembly engine that was created especially to enable the resources to be used in a much more efficient way as smart contracts are processed.

According to the company, the newly upgraded platform offers a performance that is around 16 times better than EOSIO 1.0. This, Block.one affirmed, can greatly change how useful smart contracts are.

Another important improvement that this version will have is the adoption of a new authentication standard called WebAuthn. It will allow the system to use a hardware device to sign and authenticate transactions via browser without needing any EOSIO apps. This, it is believed, will improve the security of the users.

The last improvement is that the developers created a new system that can securely sign blocks using a permission layer that will allow this without sharing any kind of sensible data.

Security is an important aspect in the EOS network, as recently a hacker stole over $110,000 USD from EOSPlay, an EOS gambling app.

Some new tools for developers were released together with this update. They include the EOSIO Quickstart Web IDE, which is currently in Alpha testing phase, a software developed to decrease the complexity of creating apps.

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Author: Gabriel Machado

Parity Updates Technology Allowing Users to Turn Dated Phones Into Cold Storage Wallets

The crypto developer Parity Technologies has released a new version of its Parity Singer app. The function of this app is to turn old smartphones into cold storage crypto wallets.

Parity announced the V3 beta service will be launched soon. The technology can be used to store cryptos offline, sign transactions offline, vote for governance proposals and the software is easy to integrate with both the Ethereum network and Polkadot.

According to the company, offline wallets are the best way to be protected from hackers because hackers have no way to access it. The idea is that people can let their cellphones running the app while on airplane mode to be protected. Because of this, it is important to remember that you should never connect your cellphone to the internet if you want to use this.

This new version of the app can also be used to create Kusama accounts, which can be used to connect to apps based on Polkadot. All transactions will not involve private keys and will use QR codes instead to make the process more secure. Parity affirmed that the upgrade was already audited by Trail of Bits before the launch.

Parity Technology, which was founded by Gavin Wood and Jutta Stein, two important Ethereum developers, has the goal of creating decentralized solutions for the crypto world. This year, the company received a $5 million grant from the Etheruem Foundation, one of the largest grants of the season.

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Author: Silvia A