Connect with us

Blockchain

Charles Hoskinson Touts “Very Significant Performance Improvements” To The Cardano Node

Avatar

Published

on

Cardano Adds Another Pillar Of Technology As Highly-Anticipated Shelley Upgrade Successfully Goes Live

Advertisement1xbit
&  & 

Cardano has been very active with updates this year. The proof-of-stake blockchain recently launched the Shelley upgrade. The network is now planning to introduce the new Cardano node, version 1.19, and a new rolling release of Daedalus wallet.

Announced by the CEO of Input Output Hong Kong (IOHK) Charles Hoskinson, the upcoming updates will introduce notable performance improvements to the Cardano network.

Upcoming Features And Functionalities

The creator of Cardano, who also doubles as the CEO of IOHK recently went live on Youtube to share the details of the upcoming releases. First, he noted that Daedulus version 2.2 will be released on August 20. He goes on to explain that it will be coming out with the new node version 1.19 which will bring about “very significant performance improvements”. Pending some formalities, IOHK is eyeing a Thursday release for all users — Mac, Linux, and Window.:

Some aspects of the software are 100 times faster, and QA is reporting that everything looks pretty good so far. So there’s still some formalities and last-minute checks that need to be done. But if there’s nothing discovered today, all things knock on wood, we should be looking at a Thursday release.”

Per Hoskinson, this release will entail improvements on sync speeds, chain validation and revalidation, and also improvements on the open closing of the database. As such, the issues that users were experiencing over the past couple of weeks in the Shelley era have been resolved with the new node release.

While there’s still more work to be done on optimizations and further improvements, Hoskinson is proud of what the IOHK team has been able to accomplish over the past two weeks. 

Advertisement

The Future Of Cardano

The Cardano network has mainly focused on Shelley — the upgrade that introduced staking rewards to ADA holders — until recently after it went live. Hoskinson postulated that they are “digesting Shelley pretty well” as well as learning more about it now that it is already in the market.

The project is now collecting a lot of business and technical requirements for more features and functionalities that will make staking easier, especially for small operators.

Besides working on improving the portability and security of the Daedalus wallet, Cardano is also working on multi-signature or multisig transactions. In fact, Hoskinson describes it as a “high priority” for the firm.

So far, everything looks great. “If this is the trend, we’re going to get so strong by the Q4-Q1 timeframe where it’s really going to be crazy to see how quickly things move in that direction, so I’m pretty happy about that,” Hoskinson concluded.

Overall, Cardano aims to achieve complete decentralization and a higher transaction throughput capacity. And with Shelley now done and dusted, the next stages for Cardano will be Goguen and Basho.


Get Daily Crypto News On Facebook | Twitter | Telegram | Instagram


DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/charles-hoskinson-touts-very-significant-performance-improvements-to-the-cardano-node/

Blockchain

Australian Crypto Exchange Accidentally Exposes Over 270,000 Customer Emails

Avatar

Published

on

The Australian cryptocurrency exchange, BTC Markets, has inadvertently exposed more than 270,000 emails of its customers. The company apologized for the inconvenience and reassured that all other data, including users’ funds, is safe.

BTC Markets Exposes Customers’ Emails

A user going by the Twitter handle Stevosxrp.crypto took it to Jack Dorsey’s social media giant and Reddit to first complain about BTC Markets’ screw up. The Australian-based exchange later confirmed the breach on its official Twitter account.

The statement explained that BTC Markets “uses an external system to send client-wide emails.” Although the exchange has used this service for years “without an incident,” including sending test mails, this time, the testing “didn’t pick up that the sample email addresses in the batch were added to the same email, rather than sent individually.”

Consequently, the names and email addresses of account holders were exposed. BTC Markets claimed that this process was instant; therefore, “it was not possible to stop the batch send once the error was realized.”

The CEO of BTC Markets, Caroline Bowler, later revealed that all account holders were affected because the emails were sent in batches.

Funds Are SAFU, But The Damage Is Done

The exchange said that it will “self-report” to the Office of Australian Information Commissioner and “fully comply with the data breach reporting requirements.” Furthermore, the company plans to conduct an internal review.

Despite the data leak, BTC Markets reassured its users that the platform is still secure, no passwords were revealed, and all customers’ funds are safe.

Nevertheless, the exchange suggested that users’ should enable two-factor authentication (2FA) to enhance the security of their accounts.

None of those reassurances seemed to have an effect on the users, though. The Twitter thread explanation was met with numerous complaints from customers.

While most highlighted their disappointment with having their personal emails and names revealed, some took it a step further. One user claimed that the BTC Markets’ name is “now as good as dog s**t.”

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/australian-crypto-exchange-accidentally-exposes-over-270000-customer-emails/

Continue Reading

Blockchain

Former Goldman Sachs Chief and Trump Economic Advisor Says Bitcoin Lacks Integrity

Avatar

Published

on

Gary Cohn, a former chief economic advisor to President Donal Trump, who was also the ex-president and COO of investment bank Goldman Sachs, said that bitcoin could fail because it had integrity flaws.

Cohn Spells Potential Doom for Bitcoin

According to Bloomberg on Dec.1, Cohn stated that Bitcoin’s “integrity flaw” could lead to the failure of the largest cryptocurrency by market capitalization. The former Goldman Sachs chief made the statement during an interview on Bloomberg Television.

When asked his bullish stance on bitcoin and other cryptocurrencies and the effect of the nascent technology on the economy, Cohn responded by saying that he was not a bitcoin proponent. The ex-Trump economic adviser also described BTC as lacking transparency and some of the basic integrity of a real market.

Cohn further buttressed his point, stating:

“Part of the integrity of a system is knowing who owns it and knowing who has it and knowing why it’s being transferred. The Bitcoin system today has no transparency to it. So there are a lot of people that question, why would you need a system that does not have an audit trail.”

Meanwhile, Cohn’s statement was met with surprise by members of the crypto community on Twitter. Most commenters stated that Cohn’s remarks showed a lack of research and a basic understanding of how Bitcoin functioned.

Pierre Rochard, bitcoin maximalist and co-founder of the Satoshi Nakamoto Institute, replied via Twitter, saying:

“I formally challenge Gary Cohn to a televised debate on Bitcoin’s auditability. Bring him to me.”

Furthermore, Cohn’s statement comes amid BTC’s price rally. The number one cryptocurrency set a new all-time high (ATH) on Nov. 30, surging past the record set in December 2017.

Not a First Time Bitcoin Opponent

Cohn’s anti-bitcoin stance, however, is not surprising. In May 2018, the former Goldman Sachs president stated that there could be a global cryptocurrency, but it would not be bitcoin. Cohn also revealed that he favored blockchain over bitcoin.

Meanwhile, in a Financial Times article back in April, the one-time Goldman Sachs president wrote favorably about central bank digital currencies (CBDCs). According to Cohn, CBDCs would give individuals easy access to financial services.

Featured image courtesy of Fortune

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/former-goldman-sachs-chief-and-trump-economic-advisor-says-bitcoin-lacks-integrity/

Continue Reading

Blockchain

Visa Partners With Circle to Integrate USDC for Payments

Avatar

Published

on

Visa, a global financial services company and credit card giant, has partnered with Circle Internet Financial, a leading crypto fintech startup, to integrate the latter’s stablecoin.

Visa Taps USDC for Digital Payments

According to Forbes, on Dec. 2, Visa will be adopting Circle’s USD Coin (USDC) into its credit card platforms. The collaboration between both companies would see the use of the stablecoin to send and receive payments.

Although Visa will not be a custodian to the USDC, Circle will help the financial services giant choose credit that will integrate the USDC into their platforms. The report also noted that 25 crypto companies involved in Visa’s Fast Track program would also be included in the partnership.

Furthermore, Visa plans to roll a credit card in the near future, following Circle’s completion of the company’s Fast Track program. It would enable businesses to seamlessly carry out payments using USDC. Commenting on the proposition, Cuy Sheffield, Visa’s head of crypto, said:

“This will be the first, corporate card that will allow businesses to be able to spend a balance of USDC. And so we think that this will significantly increase the utility that USDC can have for Circle’s business clients.”

Digital Payments Adoption on the Agenda

According to a recent report by CryptoPotato, Visa, and BlockFi, a crypto wallet provider, announced a collaboration to launch a Bitcoin rewards credit card in 2021. The credit card would enable customers to get rewards for their purchases in BTC. BlockFi would use the USDC in Q1 2021.

Sheffield also spoke on the integration of Circle’s stablecoin, saying:

“We continue to think of Visa as a network of networks. Blockchain networks and stable coins, like USDC are just additional networks. So we think that there’s a significant value that Visa can provide to our clients, enabling them to access them and enabling them to spend at our merchants.”

The Visa – Circle partnership is the latest development in the expanding digital payments arena. Fellow payments giant PayPal recently boarded the crypto train, allowing its 346 million users to purchase cryptocurrencies on its platform.

Back in November, PayPal CEO Dan Schulman revealed that cryptos would be an accepted funding source for online payments on its 28 million merchants by 2021. During the ongoing Web Summit in Portugal, Schulman opined that the era of digital payments was imminent.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/visa-partners-with-circle-to-integrate-usdc-for-payments/

Continue Reading
Blockchain2 days ago

Greenheart Punt World Debut on DigiFinex

Blockchain4 days ago

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain4 days ago

Coinbase unwilling to participate in Spark’s airdrop

Blockchain4 days ago

EOS Finds Support above $2.80, Resumes Upside Momentum

Blockchain4 days ago

ECB Lays out ‘Reinvention of Money’ Strategy

Blockchain2 days ago

Mining City: A Blueprint for Success?

Blockchain20 hours ago

IlCOIN Launches Blockchain-Powered VR First on Steam

Blockchain4 days ago

Bitcoin Price Prediction: BTC/USD Resumes Upside Momentum, Struggles to Break Above $18,000 Price Level

Blockchain4 days ago

Litecoin Price Prediction: LTC/USD Ready to Revisit $80; Further Upside is Limited

Blockchain4 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain4 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain4 days ago

Ripple price prediction: XRP to hit $0.67 next, analyst

Blockchain4 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain4 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain4 days ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain4 days ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain4 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain4 days ago

Ethereum Strengthens Polish City’s Emergency Services

Blockchain4 days ago

Bitcoin Price Prediction: BTC/USD Back Above $17,500 Level as the King Coin Recovers

Blockchain4 days ago

Guggenheim opens door to bitcoin exposure for $5 billion macro fund via Grayscale GBTC product

Blockchain4 days ago

Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

Blockchain4 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain4 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain4 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain4 days ago

Bitcoin Climbs 5%, Why $18.2K Holds The Key For More Upsides

Blockchain4 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain4 days ago

Trading 212, PayPal Crypto User Ban, BTC and ETH Tank: Editor’s Pick

Blockchain4 days ago

Guggenheim Partners prepares to dip investment fund’s toes into Bitcoin

Blockchain4 days ago

Bitcoin (BTC) Surges 5% Above $18,000 As Guggenheim’s Entry Sparks Excitement

Blockchain4 days ago

Guggenheim Partners may be the next big player to bet on Bitcoin

Blockchain3 days ago

Yearn Finance Continues Growing with Latest DeFi Acquisitions

Blockchain4 days ago

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain4 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain4 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain4 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain4 days ago

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain4 days ago

Bitcoin Grows By 5%, $18K Level Holds The Key For More Upsides

Blockchain4 days ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain4 days ago

Weekend bull trap? Traders remain cautious as Bitcoin price rebounds to $18K

Trending