Blockchain News Update: A 1-Minute Digest of the Latest Developments
Web Publishing New PoS Consensus Paper Chain
In a significant move, Web publishing has released a new PoS (Proof of Stake) consensus paper chain, aiming to enable a new algorithm by the fourth quarter of 2019. The “Galaxy Proof of Stake” algorithm has been mathematically proven to be more efficient, and its implementation is expected to bring about a comprehensive decentralization of the web.
Lightning Network Faces Trust Issues Due to Rising Costs
The lightning network, a second-layer scaling solution for Bitcoin, is facing trust issues due to rising costs. According to a paper by Peter Rizun, the chief scientist at Bitcoin Unlimited, the current implementation of the lightning network is plagued by unnecessary friction and lack of understanding of the underlying protocol. If costs continue to rise, the lightning network may not be a viable option.
Encryption Integrates with TurboTax Tax Software
CryptoTrader.Tax has integrated its encryption-based tax software with Intuit TurboTax, allowing users to export their tax calculations to TurboTax. This integration is expected to make the archiving process easier for users.
Augur Official Releases Final Details of Contract Changes v2
Augur has released the final details of its contract changes v2, which will resolve discrepancies between the end of the time to market and market details. The changes will also introduce a patch repair for user errors encountered when providing initial reports.
Coinbase Chief Operating Officer Asiff Hirji: “Smart Money” Has Entered the Encryption Market
Coinbase’s chief operating officer, Asiff Hirji, has stated that “smart money” has entered the encryption market, ready to scale, insure, and host. This development is seen as a positive sign for the encryption market.
South Korean Government Officials: South Korea Must Reassess Encryption Monetary Policy
South Korean government officials have emphasized the need to reassess encryption monetary policy to promote growth and maturation of the encryption currency market. The government has been criticized for its misunderstanding of virtual currencies and its attempts to apply real monetary standards.
People’s Venture Capital: Blockchain Technology and Shared Economic Development Need a High Degree of Fit
The People’s Venture Capital has released a research report on the fit between blockchain technology and shared economic development. The report notes that the sharing economy has shown high growth potential but is plagued by low efficiency in resource allocation, asset quality, and security.
V God: Blockchain Technology and Encryption Are Inseparable
V God has emphasized that blockchain technology and encryption are inseparable, with the former heavily dependent on the latter. This statement has sparked debate among lawmakers and industry experts.
Blockchain Stocks Rise, with Some Companies Still in the Layout Stage
The blockchain industry has seen a surge in stocks, with some companies still in the layout stage. The rise in stocks is seen as a normal market performance, reflecting investors’ high recognition of the industry’s potential.
A Wholly-Owned Subsidiary Attempts to Detect Industrial Hemp Cultivation with Blockchain
A wholly-owned subsidiary of a NASDAQ-listed company has attempted to detect industrial hemp cultivation using blockchain technology. The company’s stock has risen by nearly 45 percent.
iCCO Invited to Participate in the World Summit on Blockchain
iCCO has been invited to participate in the World Summit on Blockchain, where it will showcase its electronic cigarette blockchain platform. The platform aims to reduce harm through the use of blockchain technology.
Fire Station Global Currency CEO: No New Pass Card to be Issued in 2019
The CEO of Fire Station Global Currency has stated that the company has no plans to issue new pass cards in 2019. The company’s HCT token is a utility token that can only be used within the Fire system.
PeckShield: EOS Random Number Guessing Game EOSlots Been Cracked
PeckShield has reported that the EOS random number guessing game EOSlots has been cracked, with hackers earning thousands of EOS. The game has been suspended due to the compromise of the contract.
BiKi Trading Platform Exclusively Revealed Truth, Hackers Hijack Third-Party SMS Verification Code Tampering User Password
The BiKi trading platform has revealed that hackers hijacked third-party SMS verification codes, tampering with user passwords. The platform’s risk control system and audit policy helped mitigate the attack.
Hacker Attacks Result in a Total Loss of Over 130 Million Yuan
PeckShield has reported that over the past month, 20 cases of hacking incidents occurred, involving quiz category DApps, exchanges, and other digital assets. The cumulative total value of the losses is over 131 million yuan.
Mt. Gox Creditors’ Claims Apply for a Job Has Ended, Payment Details to be Released
The civil trustee of Mt. Gox, Nobuaki Kobayashi, has announced that the claim for creditors has been completed. The payment details will be announced at a later date.