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.
Users of Tornado Cash — an Ethereum-based mixer that uses zero-knowledge proofs to let users withdraw funds anonymously — are apparently mishandling the tool and thus risk revealing their identities, according to new research.
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 […]
Ren, a company developing aa protocol for private transactions between blockchains, has launched its core product: a network aimed at connecting the Ethereum blockchain — and the world of decentralized finance (DeFi) — to other popular chains.
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 […]
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 […]
In the race to build a next-generation smart contract platform, Cornell computer science professor Emin Gün Sirer is convinced that the protocol his startup AVA Labs is developing has an edge – at least when it comes to the complicated technical challenge of blockchain scaling.