Yilun Cheng

Yilun joined The Block in November 2019. She has a policy background and extensive experience in reporting and writing. She has worked on stories ranging from business to politics.

How optimistic rollup might help Reddit's new Ethereum tokens take off

Reddit’s new crypto project has captured the imaginations of enthusiasts who hope it might lead to a legitimate mainstream application, but if it takes off it could cause network congestion. An emerging new scaling tool called an optimistic rollup could clear the way for much larger transaction volumes.
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Jun 16, 2020, 8:07PM UTC

Chinese Communist Party's new blockchain book casts Libra as a threat to its currency system

China has published a new book to educate government officials on digital currency and propose policy measures to deal with emerging challenges like Facebook’s Libra.  The book, Discussing Digital Currency with Leading Officials, is part of a series that explores the political and economic consequences of technologies like cryptocurrency and artificial intelligence. The publisher, the […]
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May 28, 2020, 8:31PM UTC

UMA’s new ETH/BTC synthetic token is its first one with a 'priceless' design

A new synthetic token designed to track the ETH/BTC price ratio in a way that minimizes the need for an oracle has launched on Ethereum.  The so-called ETHBTC token is the first to utilize the “priceless” synthetic token infrastructure developed by Universal Market Access (UMA). UMA is a financial contract platform that aims to build […]
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May 21, 2020, 4:02PM UTC

tBTC post-mortem describes how a missed smart contract bug forced the developers to press the emergency pause button 

The team behind tBTC – a newly launched Ethereum-based token backed 1:1 by bitcoin – has published a post-mortem report detailing a smart contract bug that led the developer team to initiate a system-wide emergency pause on Monday. The ERC-20 token has its supply pegged to bitcoin’s supply. Users wishing to spend their bitcoin on […]
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May 20, 2020, 6:00PM UTC
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