BnkToTheFuture BFT

$0.0189
Market Cap $ 11.883 MM (#180)
24h Volume $ 122.722 K
Chg. 24h: -9.17%
Algo. score 3.5/5  (#177)
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BnkToTheFuture News

POA Monthly Update! 🌉ERC20 to ERC20 TokenBridge 🍯Honey Badge...

POA Monthly Update! 🌉ERC20 to ERC20 TokenBridge 🍯Honey Badger BFT Update 🚆#Görli Testnet on #BlockScout ...And more… https://t.co/GyKnPI4UYW

11 days ago

Dexon Code Review: dApp Blockchain Platform

Dexon Code Review - sounds like an oil company, but no! Surprise, it’s the ‘premier blockchain platform for developing dApps’. Might be news to a few other platforms, but sure, let’s go with that. By the way, Dapps? dApps? DApps? D’apps? (I made the last one up, but again, why not?) I think we should all just agree to call them supercallifragilisticdistributedapplications and be done with it. So what’s the pitch: “DApps mass adoption is made possible with DEXON’s infinitely scalable, low-latency, and energy-efficient blocklattice technology.” Infinitely scalable. Why are people still using this term? There is no such thing. We don’t even know if the universe is infinite, or inflationary. Overly simplified, Dexon is a transaction DAG with broadcast BFT. This works when you have a small set of BFT nodes, and all are known. Dexon provided us with their simulation code, let’s have a look. We start with simulation and simulation config. Total order voted on, (I’m assuming voted, I haven’t seen the code yet). Validator, not yet sure how elected or setup. Consensus needs awareness of the governance, db, and network overlay. This is our entry point. We setup a validator list and a network model. Each node is a validator? Servers that maintain a peer list. For now, let’s look at localTCP simulation. Create a list of NewTCPNetwork (with a specified PeerServer), true, PeerServer, networkModel, start the network, and add a new validator. All participants in this simulation is a validator. NewTCPNetwork, local = true, peerServer = cfg, model = NormalNetwork? http communication, Broadcast out a block to all known validators Broadcast vote to all known validators. This is done synchronously, could gain some speed by going async. Using protobuff for blocks. ETH crypto libraries. Leveldb. Prepare / ACK / Commit, standard BFT? Yeah, standard BFT. Chain compacting built in, using same broadcast BFT to choose, it’s cool. Leader selection built in. Reliable broadcast, using same lattice structure for block ACK’s. Dexon Code Review Conclusion: So, it’s good code (even if it is a simulation), well developed, neatly written, great documentation. Easy to follow. But, it’s just another DAG with validator BFT. All validators have to be known. Some cool things in here, I like reliable broadcast, I like total ordering, I like the way they pushed BFT into the agreement state. It’s cool. But, it’s just another BlockDAG BFT. Validators can vote semi independently and send their ack’s into their lattice and then share this lattice continuously. How are they getting infinite scalability or even sub second finality, I don’t know, as this network grows that will change, or the validators must remain constant. You can’t have both. You can scale with node participation, but then propagation takes longer (even with BFT), or you can keep a low validator subset and low finality, but then you can’t scale “infinitely”. The network size vs throughput argument remains. Do you send out 100 small blocks and have 100 nodes need to confirm them? Or do you send out 1 big block and have 100 nodes confirm it? The one has a lot higher network overhead with messages being transmitted between nodes. And thus far we have no comparative tests to even see the throughput and finality difference. You can chat about Dexon in our Telegram group. Disclaimer: Crypto Briefing code reviews are performed by auditing what is on display in the master branch of the repo’s made available. This was performed as an educational review and any comments in the article are the opinion of the writer. It is normal for code to change rapidly, hence we timestamp our code reviews so that they present a snapshot at a moment in time. Information contained herein should not be used as any comment or advice on the project as a whole. Dexon Code Review Timestamp: November 18th 2018 The post Dexon Code Review: dApp Blockchain Platform appeared first on Crypto Briefing.

15 days ago

Daily Cryptocurrency News - 21st November 2018

Here are the most important headlines of 21st November 2018 Cardano Team Preparing For the v1.4 Update Launch If you’re a Cardano enthusiast, you probably saw the latest Charles Hoskinson surprise AMA on Youtube. The Ask Me Anything video took an hour and a half in which Charles answered more than 35 questions - from the technical questions about Cardano to questions about Hoskinson’s opinion. Regarding the future Cardano 1.4 update, Hoskinson declared: The update 1.4 for Cardano is coming along well and we’re in regression testing right now. We’ve had a few regressions but nothing significant is found yet and it’s a lot of new code. There has been a huge amount of refactoring on the core, and we’ve found new database solutions, so we’ve gone from lots of storage to little storage and become much more efficient. The update won’t be taking much longer, I’d say a few more weeks, and hopefully we should have the update 1.4 release by end of November or early December. And it’s the most significant update we’ve ever made to the Cardano ecosystem. He also took time to explain the biggest development made by the Cardano team so far - the back-end of the Daedaus Wallet; He further explained that the code is the first piece of formally-verified code for them - as it will be able tto connect to their “Rust” code and the “Haskel” code. These are great news, as the new Icarus address style will allow Cardano (ADA) to be supported by Ledger Wallet. This is also the latest update before the first major Cardano update: After the 1.4 update, every update is going to be Shelley related, so the first major update will be basically some new code for Ouroboros BFT and that’ll get us all aligned up so that we can start moving towards some variant of Ouroboros. ARK Increase In Value By Over 20% Prior To Mainnet Launch ARK team recently announced the launch of ARK Core v2. ARK Core v2 will be a system developed from scratch, with the main purpose of providing accessibility and scalability for their clients. The price of ARK increased from a $0.34 cents on November 20th to a top of $0.48. The value of ARK decreased a bit since its 7 days top and is now trading at $0.44. But the more important question is - What will the new core bring to the table? Dynamic fees - Delegates will be able to set the dynamic fees for different transaction types. Plugin system - Developers would be able to create customized modules, plugins,etc. Their team likes to think that the new version could be the ”Wordpress of blockchains” Increased TPS and TPB - The TPB (Transaction Per Block) was increased from 50 to 150 and the TPS (Transactions per Second) are increased from 6.25 to 18.75. The TPS doesn’t have a limit and can be increased in the future. New API - A more powerful API with more endpoints, more stable and follows the latest API standards. Webhook support - The Webhook support will offer developers to deliver the data immediately, not as a typical API. Better Transaction Pool Management - The transactions will be kept in a pool before the blockchain inclusion to reduce the memory power used. Speedier rebuilds & synchronizations - Starting your own node will now take approx. 12 hours instead of 50 as before. Better decentralization through new snapshot system - node operators can now own copies of the database & this option will also allow faster and safer optimization as well as a better decentralization of the system. The launch is set to take place on November 28th 2018 and on that date the node operators will need to switch from the ARKNode code to ARKCore one. Additionally, a new desktop wallet was built for ARK v2. More details about this can be found here. Enjin Launches Enjin Beam - The Fastest Way To Receive Cryptocurrencies & Blockchain Items Enjin - one of the only cryptocurrencies with a working product - is now launching a new feature of their system - Enjin Beam. This new feature will stand as the first QR airdrop system that people can use to: Scan a QR and receive an airdrop of a cryptocurrency or multiple cryptocurrencies Scan a QR to receive a lootdrop with random items Use it to send ERC-20 Cryptocurrencies Send ERC-1155 items made via Enjin Mintshop The advantage of the Enjin Beam are that you can place them anywhere - such as: Online locations ( websites, email, social media), Video (youtube, twitch), traditional advertising, software products and many more. To create a Beam, you will need to follow the steps explained in the Enjin Beam Article. Also, in the same article is a massive giveaway with more than 3,674 items to grab backed by 146,350 ENJ coins ( $4,000+ value). Feel free to check it out Craig Wright Still Positive About Bitcoin Cash SV Even though the BCH ABC seems to have won the war, Craig Wright is still positive about it. The Chief Scientist at nChain claims that Bitcoin Cash SV - or Bitcoin, as he calls it - is ready for accepting businesses to work with it. The Bitcoin Cash SV removed the

17 days ago

Daily Cryptocurrency News - 23rd November 2018

Here are the most important headlines from the cryptocurrency industry for November 23rd, 2018: Charles Hoskinson Talks About Bitcoin, Ethereum And The Crypto Issues Bitcoin Magazine recently interviewed Charles Hoskinson, the Co-founder of Ethereum & IOHK and the most important figure behind Cardano (ADA). Charles was one of the early adopters of Bitcoin and a huge believer of the cryptocurrency niche. He claims that when it started, the volatility was crazy - even more than now: “It had huge volatility in price. The volume would be $1,000 a day, the hashrate would go way up and way down. Some people would say, ‘Eh, I don’t wanna mine anymore.’ They’d turn their computer off, and the network would lose 30 percent of its hashrate. As the market cap hit one billion, people started taking it really seriously. Many people entered the space, and, at that point, it became clear bitcoin was here to stay” He also claimed that a huge issue of the space is that a few concepts weren’t properly studied and improved so that it could turn into a functional product. And that the professionals of the space didn’t take enough time to check and improve/ implement certain things - as UTXO wallet, which Satoshi wrote about nine years ago. There were other things like network stacks, and what do you trade off when you move from one protocol to another, such as between proof-of-work to proof-of-stake to BFT protocols. How do you avoid things like Sybil attacks and so on.” Moreover, the decentralization of Bitcoin is no longer one of its main features - as the network tend to be more centralized. According to Blockchain.com, 4 mining pools have more than 50% of Bitcoin’s hashrate. Same goes for Litecoin (LTC). He believes that a network like this cannot be considered truly decentralized. If you look at hashrate and who has control, less than 10 percent of the actors are in charge of the hashrate power of the bitcoin network. How can you say that is decentralized? On the question “Can Bitcoin be ‘Money’?”, Charles presented a situation that happen to him a few years ago where him and Mike Perklin ( Chief information Security Officer @ ShapeShift) went across the city to eat some BBQ. The thing is, the restaurant they chose had the option to pay with BTC. When the note came, Mike chose to pay with its Credit Card as: ‘I think bitcoin is going to go up, so I am not going to buy it with bitcoin. I am going to use my credit card.’. It then became clear to Charles that Bitcoin was not meant to be ‘money’ but a commodity or a store of value. Regarding the ICO mania, Charles believed most of the ICOs were overvalued: “Consumers threw money at everything, and many projects that didn’t deserve it. Copycats were wildly overvalued. It was clear ICO mania was counterproductive and the markets would collapse. Once they did, people [can now] begin to return to rationality, and the bad stuff will be cleaned out. The good stuff with potential will stay and recover its all-time high values and be useful to humanity.” Full article can be found on BitcoinMagazine. Ripple’s Latest News - TransferGo Exploring xRapid & SBI Ripple Asia Partners With Japan’s Payment Card Consortium To Fight Against Fraud TransferGo - one of Ripple’s many partners - confirmed that they are exploring the benefit of Ripple’s xRapid solution. This came as an answer to the XRP_Cro’s question regarding TransferGo planning to pilot xRapid in the short future: Yes, we are looking at xRapid. — Daumantas Dvilinskas (@daumis2475) November 11, 2018 The partnership is a fresh one, which started in September this year. Since then, TransferGo managed to launch a remittance corridor from Europe to India. They used Ripple’s technology for this in order for the payment to be transferred immediately: “We’re delighted to be one of the first companies in the market to offer our customers real-time money transfers. By using Ripple’s revolutionary blockchain technology, we’re able to establish real-time communication between our banking partners and us in India, allowing TransferGo customers to send money to family and friends or make international payments immediately.” TransferGo is a company that has seen a 100% rise year-by-year and now it have half a billion users - with 1,000+ news ones daily. In October, they became the first company to offer free international money transfers. On the other hand, some of Ripple’s partners want to fight fraud. The SBI Ripple Asia recently made a partnership with the Japanese Payment Card Consortium to fight fraud using blockchain technology. They will be using’s Corda, R3’s open-source blockchain platform that will try and prevent the damages made by fraudulent transactions. According to BankingTech, there would be a data sharing system developed by TID - a member of R3 consortium of banks - on Corda. There will be a Proof-of-Concept (PoC) at the start, where the participating card companies will share information between them. The consortium plan

17 days ago

COTI Code Review: Currency Of The Internet DAG

Taking a look at COTI with my code review today. White label payments solution, high throughput claims, custom stable coins, wants to revolutionize the way digital currencies are perceived by merchants and buyers using their Trustchain consensus. So basically doing the whole “We can out-PayPal PayPal and everyone else too” routine. Interesting though, how they want to do it, and I had to delve pretty deep to get into their solution and how it actually works. I will tell you, since this is a longer code review, I do like what they came up with. I don’t think it’s exactly what they say it is, but it’s still pretty neat. So, COTI, Currency Of The Internet — DAG-based infrastructure optimized for payment networks and stable coins. Off we go. Fullnode, dsp-node, trustscore-node, zerospend-server look interesting. Actual Java, I’m a little bit surprised. I was expecting scala. Zerospend , base packages zerospend and basenode. return true. DspVoteServer? Transactions are voted on? There is a subset of delegates or validators that get elected and can then vote on transactions? Interesting, is this a distributed system or a decentralized one? Looks right, we propagate a transaction to all DSP nodes (we will figure out what these are later), and then we vote on them. So BFT, but with DSP nodes (whatever they are). So what I think we are going to see here is a transaction based BFT model with DSP nodes being randomly selected into their own shards? This would allow you to have concurrent votes on transactions. Although it might just be transactions and not shards, since if shards you still have to vote on the results of the shards. Is this UTXO? Let’s keep digging. Starvation and zero spend transactions, we will need to look at the whitepaper what these do. Randomized (sort of) trust scores at genesis. pot time. Proof of Trust. max trust score = 100. Wait, are trustscores on transactions? I thought they were on voting nodes. Ok, so this is the trustscore of a transaction, assuming as some value based off of its parents, hence the DAG. I’m making assumptions though, let’s keep looking. Good abstraction. Basenode is developed on its own with all the basic node features. I like the design pattern. Wait, zerospend does not use proof of trust? And proof of trust is based on getRoundedSenderTrustScore(). Keep digging. Some models, and http interfaces, websocket implementation, moving on. RocksDB makes a visit. The graph is nodes? Now I’m confused. Transaction data, let’s break it down, hash, amount, left parent (vertex), right parent (vertex) (what decides the parents?), trust chain transaction hashes, user trust score token hashes, trust chain consensus, trust chain trust score, transaction consensus update time, create time, attachment time, process start time, pow start time, pow end time, sender trust score, sender hash, node ip address, node hash ,node signature, children transactions, valid, valid by nodes, .... Let’s look at an ethereum transaction 13 fields. The transaction data might be a bit excessive. Can’t see where leftParentHash or right is assigned. Will keep looking. ZeroMQ, I’m getting a very distributed feel here. I think this is a very cool distributed payment solution, but I’m hesitant to call it decentralized. I am enjoying the code so far though. Let’s jump into the trustscore node. setKycTrustScore? What am I looking at here. If an account KYC’s we increase their trust score. That’s interesting. Smart. So far we have the trust score nodes, they can update score information, they check trustScoreData via request.userHash, request.kycTrustScore, request.signature, and a hash of the kycServerPublicKey. I need to have a deeper look at new TrustScoreData, I’m curious if this can be exploited. Not too much happening in it. So looking back at the setKYC, we need to look at trustScoreCrypto.verifySignature to see if this is exploitable. Inherits from SignatureValidationCrypto, so let’s look So, I could sign the payload and then have the trustScore updated? I’m confused what is stopping me from self signing and exploiting this. Let’s look back at the original. Ah, kycServerPublicKey, only TrustScore Nodes can do this. But ok, let’s assume I’m a malicious one. Not sure how that is stopped. Again, this seems distributed, not decentralized. I’ll dig into the whitepaper in a bit. Let’s keep going. Time for DSP node. Ok, so fullnodes register with DSP nodes. Curious what stops me from just calling addNewAddress and spamming. DSP nodes then publish this shared data. So they are acting as relayers for the network. Interesting. New transaction from full node. Oh, we just propagate again. Ok, DSP nodes are just relay proxies. They propagate events throughout the network and keep track of all servers (and server types). Definitely a distributed solution. Let’s hit fullnode. Pretty cool, higher trust score = hi

17 days ago

Hoskinson: Satoshi Did “An Amazing Thing”...But There Are Lessons to Learn

Charles Hoskinson is best known today as a co-founder of both Ethereum and IOHK, where he leads the research, design and development of Cardano. But before these projects, there was Bitcoin. Back in 2013, he was the founding chairman of the Bitcoin Foundation’s education committee and established the Cryptocurrency Research Group.In an interview with Bitcoin Magazine during the recent StartEngine Summit, Hoskinson began by saying that he views Bitcoin as a series of experiments to try and realize two key concepts:“Can we achieve a decentralized form of value transfer or some sort of proto-money, and, instead of having a central entity issuing a token and securing it, can we release something decentralized with a secure ledger? And, if that happens, will it achieve real value in the marketplace?” In the early days, said Hoskinson, it wasn’t clear if this thing was going to survive or not. “It actually took several years for that to turn into the bitcoin we know and love,” he said. “It had huge volatility in price. The volume would be $1,000 a day, the hashrate would go way up and way down. Some people would say, ‘Eh, I don’t wanna mine anymore.’ They’d turn their computer off, and the network would lose 30 percent of its hashrate.” But the sea of change for Bitcoin took place in 2013. “As the market cap hit one billion, people started taking it really seriously. Many people entered the space, and, at that point, it became clear bitcoin was here to stay.” The experiment was succeeding. Lessons to Learn“At that point, there were open questions that should have been rigorously analyzed,” he said. “We should have said, “Great, this concept is good, but now let’s re-iterate upon it and do it properly. What was really disappointing to me over the last five years I've professionally been in the space is that nobody took the time to rigorously solve these problems.”Hoskinson evoked UTXO wallets, which Satoshi wrote about nine years ago, as an example of something which hasn’t been studied enough. “There were other things like network stacks, and what do you trade off when you move from one protocol to another, such as between proof-of-work to proof-of-stake to BFT protocols. How do you avoid things like Sybil attacks and so on.”No one has written down all the lessons learned, he said. “They are just endemic inside the code.” Taking this particular lesson to heart, with Cardano, Hoskinson has been formally analyzing network stacks and incentives, trying to get rid of the environmental problems present in bitcoin and its blockchain, writing a proper UTXO model and more. And then there is the issue of mining.“Everyone who is pro-Bitcoin says it's a feature to use more energy than Chile,” said Hoskinson. “And there is no incentive to be greener. The more efficient you become, the more miners you build, so the hashrate — and, therefore, energy consumption — goes up.”Hoskinson says Bitcoin tends toward centralization, too. “If you look at hashrate and who has control, less than 10 percent of the actors are in charge of the hashrate power of the bitcoin network. How can you say that is decentralized? Satoshi did something completely magical and wonderful. It's worth a Turing prize. It's an amazing thing. “Nobody really followed up on it. Instead people doubled down on it. In the case of Ethereum, we kept the same sins and flaws in terms of economic policy and proof-of-work, etc.” Can Bitcoin Be “Money”?Hoskinson says there is a lack of seriousness about the economics of the space. “Bitcoin maximalists believe that bitcoin is the end-all, be-all of money.” They’re ignorant, he says, and told the following story of when he realized bitcoin could not be “money.”“I went to Toronto to Anthony Di Iorio’s conference in April 2014,” recalled Hoskinson. “Mike Perklin (now the chief information security officer of Shapeshift) and I were going for BBQ. Mike wanted to go across town to a BBQ restaurant that accepts bitcoin.” The two drove “into the middle of nowhere” for BBQ. And then the bill was presented. “Mike goes, ‘I think bitcoin is going to go up, so I am not going to buy it with bitcoin. I am going to use my credit card.’ It became clear to me — this is not money. It’s a commodity or a store of value.”ICO Mania“Every time you have technology,’ said Hoskinson, “people look at it and go, ‘Wow, this is amazing.’ In recent memory, all we have to compare this to is the ‘dotcom’ boom and bust. The notion that information can travel at speed of light, that I can send something to someone in China and he can send it back instantaneously. People thought, ‘This should disrupt markets, stocks, business structures, etc.’ We knew the Amazons, Facebooks, eBays and Ubers would come. We just didn't know how and when.” During the dotcom bubble, the market got ahead of the infrastructure and of the business ventures, Hoskinson suggests. “It became irrational, and people got mixed up, and the market collapsed. It took approximately 10 years

22 days ago

Pchain Code Review: Multichain System On EVM

You all wanted this Pchain code review, you know who you are. When Pchain? When Pchain? Well, now Pchain. Not sure if you’ll love it but I’m not here to butter anyone’s butt. So what is Pchain - “The first native multichain system that supports EVM in the world. Making large scale blockchain applications possible.” Okay, Ethereum Virtual Machine for the uninitiated... but count me as one of them, because what does native multichain mean? “One main chain and multiple derived chains. “ “Consensus with hierarchical sharding pipeline” What? “POS based multi layer sharding mechanism with a novel pipeline design that tremendously improves the performance of transactions.” Let’s just go to the code instead. Hasn’t seen commits in a few months, but let’s assume it’s the usual China / Github argument. I see ethermint. Not a great start. go-ethereum and tendermint. Different handlers per chainID. We are going to see a multi array chain model aren’t we? Nothing really happening in server, let’s move on; StartP2P, NewChainReactor(), AddReactor, they have my attention, let’s have a look. Ok. Let’s start from CLI, so we want to checkout, GetCMInstance, StartP2P, LoadAndStartMainChain, LoadChains, StartChains, and StartInspectEvent. LoadMainChain, MakeTendermintNode, and getConsensus are our targets. Ok. Yup, just an array of ethermint chains. You interact with each one separately. They didn’t need the mainchain. Ok, very unimpressed with this main implementation. It’s just ethermintwith an array of chains. They have another repo though; research; bft looked interesting, it was just poa. newcore looks interesting; Not bad, I don’t know why it’s built. The coding style is very different, doesn’t seem from the same team. Builds up a new eth using eth libraries, pretty cool. Newcore was good. Merkle is good. Main is good. I don’t get it, on the one side we have this multi chain ethermint rush job, which is bad, and on the other is this elegant new chain rewrite off of ethereum, which is good. Pchain Code Review Conclusion: 50/50. So at the root of it’s promise, is it this native multichain, hierarchical sharding pipeline? No, and stop using dumb buzzwords. Do we need another chain? No, probably not. Is the code mostly reorganized go-ethereum and ethermint? Yes, but that isn’t necessarily a bad thing. I’m just not seeing any special sauce here. Nothing unique, no differentiation. Just another one. You can chat about Pchain in our Telegram group, and knowing you lot, you undoubtedly will. A lot. Disclaimer: Crypto Briefing code reviews are performed by auditing what is on display in the master branch of the repo’s made available. This was performed as an educational review and any comments in the article are the opinion of the writer. It is normal for code to change rapidly, hence we timestamp our code reviews so that they present a snapshot at a moment in time. Information contained herein should not be used as any comment or advice on the project as a whole. Pchain Code Review Timestamp: November 17th 2018 The post Pchain Code Review: Multichain System On EVM appeared first on Crypto Briefing.

23 days ago

Ripple aumenta dominância no mercado

Por: Livecoins Na semana passada, em meio a queda do bitcoin e do mercado de criptomoedas em geral, a XRP tomou o posto do Ethereum e se tornou o segundo ativo digital mais valioso em termos de capitalização de mercado. Apesar de ter caído mais de 6% nas últimas 24 horas - outras 6 moedas das 10 maiores por capitalização de mercado caíram mais de 6% -, a XRP registrou a menor queda semanal entre as 50 principais criptomoedas (-4,90%) O aumento da dominância de mercado da XRP não era esperado pela comunidade, a valorização possivelmente foi causada por notícias positivas nos últimos dias, além do drama envolvendo o bitcoin. O XRP tende a prosperar caso o Bitcoin falhe. De acordo com um comunicado da MUFG Bank, um dos maiores bancos do Japão, o banco irá implementar a tecnologia de Ripple para facilitar pagamentos entre Japão e o Brasil através do Banco Bradesco. As duas instituições financeiras assinaram um memorando de entendimento na semana passada para desenvolver o novo serviço de pagamento transfronteiriço, e as notícias têm recebido ampla atenção entre os seguidores da XRP. Não está claro se a nova parceria realmente envolve o uso da criptomoeda XRP da Ripple, que tantas vezes acabou não sendo o caso no passado. Mas a comunidade acaba entendendo de forma diferente. Além disso, há alguns meses, notícias parecidas não causaram nenhum impacto negativo ou positivo no preço da XRP. No Twitter, muitos estão perguntando o que está acontecendo com a XRP, e como a criptomoeda conseguiu reunir um público gigante nas redes sociais. Mati Greenspan, analista sênior de mercado da corretora on-line eToro, disse que a “XRP está vencendo nas redes sociais.” XRP is basically winning social media. https://t.co/AprYyDuZ81 — Mati Greenspan (@MatiGreenspan) 18 de novembro de 2018 No entanto, nem todos concordam, sugerindo que a ascensão do XRP foi inevitável e que foi acelerada pela “guerra civil” na comunidade do Bitcoin Cash, que alguns acreditam que pode ter causado a queda do preço do bitcoin (BTC). também: XRP is not “winning” social media. Is social media that is eventually realising the value behind XRP. It was just a matter of time. ....helped of course by the PoW epic fail. — Giampaolo (@gp_squadr) 18 de novembro de 2018 Enquanto isso, Simon Dixon, um “banqueiro que virou Bitcoiner”, co-fundador da plataforma de investimento online BnkToTheFuture, twittou, irritando uma multidão na comunidade XRP, dizendo que a Ripple permite apenas que os bancos “se sintam legais utilizando blockchain”, a Ripple pode substituir o atual sistema SWIFT, mas o token XRP é apenas especulação: $XRP in a tweet - a token that allows Ripple the company to pretend it’s in the crypto sector & fool banks into thinking they are cool by using a Blockchain. The company may disrupt SWIFT but $XRP has very little to do with that. Speculators think $XRP is the company so they buy pic.twitter.com/6pMg36NAcG — Simon Dixon (@SimonDixonTwitt) 17 de novembro de 2018 O artigo Ripple aumenta dominância no mercado apareceu primeiro em Livecoins.

23 days ago

Report: Censorship-Prone EOS ‘Needs to Re-Architect Its Infrastructure’

EOS, the $4 billion blockchain project developed by Dan Larimer, has been savaged in an exhaustive new review. The 17,000-word report, based on extensive laboratory testing, concludes that EOS’s real-world throughput isn’t much better than Ethereum’s and that its consensus algorithm doesn’t function properly. “In order to succeed as a base layer protocol, EOS needs to re-architect its infrastructure,” is the damning verdict. Also read: Cryptocurrency Memes: The Only Assets That Can Survive a Bear Market EOS Faces Its Sternest Test Yet The EOS team are accustomed to receiving criticism from haters and skeptics, but in Bitmex Research they’ve met their toughest critic yet. A sprawling report — authored by four experts with the assistance of Whiteblock Labs, which ran benchmarks using an EOS testnet — has delivered a string of indictments on the Delegated Proof of Stake (DPoS) blockchain. Every facet of the blockchain has been examined, tested and found to be wanting in several key areas. The report adds weight to the notion that in design, EOS more closely resembles a traditional cluster of servers such as Amazon Web Services than it does a decentralized blockchain, explaining: EOS is fundamentally similar to a centralized cloud computing architecture without the fundamental components of a blockchain or peer-to-peer network. EOS block producers are highly centralized and users can only access the network using block producers as intermediaries. Block producers are a single point of failure for the entire system. Things don’t get any better from there, as the comprehensive report details everything its authors found to be wrong with EOS. The blockchain’s DPoS consensus algorithm, based on a design Dan Larimer pioneered for previous projects Bitshares and Steemit, is meant to utilize Byzantine Fault Tolerance (BFT). But as the report chastens, “it is impossible for EOS to implement Byzantine Fault Tolerance. A true BFT system would not be susceptible to cartels forming in the system ... BFT consensus is theoretically impossible in EOS and the network should not be characterized as having any form of BFT.” The price of EOS dropped sharply when Bitmex Research published its report, then dropped again when the price of BTC fell to $5,300, dragging all crypto assets down with it. Block Producers Are the Gods of EOS Dan Larimer A lot of the criticism leveled against EOS to date has revolved around the extraordinary power held by its 21 block producers tasked with confirming transactions — or even reversing them in some cases. They’re also able to blacklist accounts, excluding them from the network. The Bitmex Research report does nothing to dispel these notions, writing: “There is no proper protocol that is setup to prevent block producers from colluding to maintain their role as block producers. This further proves the high level of centralization that exists in the EOS network and the tremendous power these block producers possess.” During testing, the authors also found at least one “severe vulnerability” due to the fact that block producers aren’t obliged to reveal the code they’re running, which serves to reinforce the belief that “the overall network does not have a viable consensus algorithm as the underlying infrastructure of the network is not configured as a blockchain, rather a network of non transparent data centers.” No Faster Than Ethereum EOS: Ethereum killer or smoke and mirrors? In addition to having its consensus algorithm and cartel-like hierarchy critiqued, one of EOS’s greatest claims — to be faster than other blockchains — is also shot down. “During tests with real world conditions ... performance dropped below 50 TPS putting the system in close proximity to the performance that exists in Ethereum,” noted the report. It also asserted that “it is clear that the EOS network is censorable,” before summarizing that “for EOS to be able to successfully act as a foundational base layer protocol, it needs to re-architect a significant portion of its infrastructure.” To date, no Proof-of-Stake blockchain has come close to offering the level of security provided by Proof-of-Work chains such as Bitcoin. Short of a complete redesign, EOS looks unlikely to buck that trend. The report’s authors believe they may have found one use case for Dan Larimer’s project however: “EOS can potentially act as a side chain appended to other more foundationally secure networks, though the system would need to be rebuilt.” What are your thoughts on Bitmex Research’s EOS report? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post Report: Censorship-Prone EOS ‘Needs to Re-Architect Its Infrastructure’ appeared first on Bitcoin News.

23 days ago

The Co-founder and CEO of BnkToTheFuture will be hosting an ...

The Co-founder and CEO of BnkToTheFuture will be hosting an AMA in 2 hours to demo and discuss the brand new second… https://t.co/oGDgl5QTif

a month ago

The second part of our #HBBFT series is out! In this post we...

The second part of our #HBBFT series is out! In this post we dive into how Honey Badger BFT works and discuss the d… https://t.co/ZCfo3mpbIO

a month ago

Witheblock Study Claims EOS Not a Blockchain, Has Significantly Lower TPS Than Advertised, and Is Nothing but Ram Market and Cloud Service

A Blockchain performance testing company completed a 3 months long independent benchmark testing on the EOS Blockchain. The test results published by the company on November 1st drew the inference that EOS doesn’t meet the technical requirements to be classified as a Blockchain and that it has substantially lower transaction throughput capabilities than what EOS claimed. EOS is one of the most controversial projects to emerge from within the confines of the Blockchain sphere. This is primarily due to its yearlong, record-breaking ICO that helped raise $4 billion in 2017, described by some as greedy at best, and deceitful at worst. In fact, the project had no minimum viable product by the time of its launch and relied heavily on open source development and bounty campaigns paid to third parties to help fix thousands of bugs and flaws in its source code. Furthermore, EOS mainnet launch was terrible, to say the least, and has been marked by weeks of delays, reported frozen accounts and reversed transactions. How Did Whiteblock Conduct the Testing? The company behind the testing named Whiteblock INC allegedly created an exact replica of the EOS Network with the purpose of testing its ability to withstand stress conditions and potential faults to be encountered during normal operations. The metrics that were evaluated in the 25 pages long report were, the transactional throughput, the resilience to adverse network conditions, the effects of variable transaction rates and sizes, the average time to finality for a transaction, fault tolerance and partition tolerance. In fact, the report presents the results of the 3-months of research efforts deployed by the company to analyze EOS’s architecture, and benchmark its functional performance under different environmental conditions. A press release accompanying the report publication explains: “Through practical testing and experiments in a controlled laboratory setting, this research provides a thorough and objective model of its [EOS Network, Ed Note] design, performance, and economics in order to present a reference for the Blockchain community” Architecture Analysis The document presents an evaluation of the EOS system architecture, its various layers and how do its fundamental components interact in a distributed database structure. Based on a detailed assessment of the entire system, the study concludes that albeit being originally architected as a Blockchain, the resulting EOS platform is rather built as a distrusted database system. The report argues that the latter fails to achieve the necessary composition of a Blockchain since cryptographic validation is implemented in proximity instead of being necessarily instantiated. As the report goes to explain, EOS lacks any kind of algorithmic enforcement around the way consensus is reached among block producers. The report reads: “Block producers subjectively come to consensus on the transactions that are received from other block producers without necessarily relying on any particular cryptographic proof in order to validate state.” The study claims that the way EOS is implementing “parallel processing” results in block producers not having direct visibility on transactions until their implementation within a block. This means that they can only act retroactively once finality is reached regarding fault transactions, which jeopardizes consensus verification. Performance The performance of the EOS Blockchain was reportedly tested on the replica, with the intent to evaluate the trade-offs EOS system makes in relation to three fundamental metrics (performance, decentralization, and proximity). It is of consensus among developers and Blockchain experts that Blockchain protocols exhibit much lower transactional throughputs as compared to client-server architectures. As explained by the study, this observation is due to their distributed and asynchronous nature, which requires “computationally exhaustive consensus algorithms and security mechanisms” that should be implemented in order to circumvent the need for trust when transmitting data. The report claims that the transaction throughput in the EOS system, does not exceed 250 transactions per second (tps), even under an optimum setting of 0 ms latency and 0% packet loss. Tests under real-world conditions (50 ms latency, 0.01% packet loss) saw the performance drop to below 50 tps. This range is, in fact, comparable to the performance exhibited by Ethereum (around 20 tps) and Bitcoin (around 11tps). It is worth noting that the EOS technical whitepaper claimed that EOS could possibly scale one day to process millions of transactions per second. Another stunning claim held by the report is that having limited cryptographic proofs, and lacking algorithmic enforcement results in the delegated proof of stake (DPoS) derived algorithms implemented by EOS not having any form of Byzantine fault tolerance. “Consensus in EOS does not exhibit Byzantine Fault Tolerance. The use of 2

a month ago

Tron [TRX] Pushes Into the Japanese Crypto Community, Version 3.1.2 Upgrade Completed by 33 Exchanges so Far

The Tron Foundation released its weekly report on Oct. 29th, giving the crypto community a recap of what happened from Oct. 20th to Oct. 26th. Tron is working hard to reach new communities and improve its blockchain platform. Tron is on a giving spree as it pledged $3 million to Blockchain Charity Foundation (BCF) and joined the giveaway campaign on Bishijie.com. The Foundation put the finishing touches to the upcoming meetup in San Francisco. All this points to a blockchain protocol that is working towards achieving its goal by engaging and informing its community on the latest developments. Week in Review The previous week was mainly characterized by the tumbling of the stock market and Bitcoin’s shocking insulation from the plunge. However, it was a different ball game for Tron. The technical development team completed the addition of the index switch to the optimized index of SolidityNode and improved the TVM performance for the optimized TVM executions process. The team is working on optimizing the testing memory database and setting the BFT development plan. The Tron community has set its sights on reaching new markets, particularly Japan. Tron’s video series which consist of “interviews between Tron mascot and the host” introduced the fourth episode to the Japanese community. Tron has been getting a lot of questions from the community members. The blockchain protocol responded with a series of Tron 101 lessons. The fourth lesson was released in the past week. This level of engagement is a good measure of how developers and the community is interested in Tron’s blockchain protocol. As of Oct. 19th, the upgrade of Version 3.1.2 was completed by 33 exchanges. The EasyTrade development went ahead as planned and is now in its third phase. TronGrid was scaled up so that it can accommodate a large number of developers Dapps using the ecosystem. Tron updated its documentation as a direct response to issues raised by the developer community. Last Trip, a Dapp developed by WuXia, will be launching a multi-language version of the game on Tron. TronDice, another entertainment Dapp “developed by Tron community developers” has already been launched on Tron MainNet. TronDice has a “24-hour transaction volume of 88,724, with a DAU of 1,571.” HitDapps has been launched on the Tron MainNet and has already developed three entertainment apps. HitDapps was developed by DAppsWiki, an Australian development team that pledged to continue supporting Tron’s community. Tron Support and Partnerships Tron recently launched the DApp House, something similar to Google’s Play Store. This is a one-stop hub for Dapps built on the Tron network. Developers can upload their Dapps on DApp House, and users can view available Dapps. DApp House’s director said that they are working towards releasing an incentive mechanism that will attract more Tron Dapp developers. TRX was listed on BTCBank exchange, a “trading platform for digital asset derivatives based on [the] Southeast Asian market” with “the third largest daily trading volume in [the] Indonesian and Vietnamese market.” The founder and CEO of Binance, Changpeng Zhao, better known as CZ, expressed his gratitude to Tron for pledging $3 million to BCF, Binance’s charity arm. BCF has previously played a crucial role in aiding Japanese flood victims and is currently planning to raise $500,000 to help the victims of the Uganda floods. Tron has become part of the giveaway campaign on Bishijie.com. With regards to the partnership, Tron says that: “As one of the partners with Bishijie.com, Tron has provided any 8 items on the Tron WeChat store as gifts for the lucky winner, and these items include, Chinoiserie hip-hop hoodies, TRON T-shirts, embroidered baseball caps, business notebooks, TRX commemorative coins, TRON USB sticks, Tron’s founder Justin Sun’s book, etc.” The Tron Foundation is reciprocating the support it has received from the Tron community by giving back more than 47 million TRX stored in a locked address to Tron supporters. After the change of ownership of the locked TRX, “the address with the TRX in it will be removed from the list of addresses locked by the Foundation.” Justin Sun, the leader of Tron tweeted that Oracle’s blockchain team visited Tron and the two teams discussed how they can cooperate and work together in the future. Tron [TRX] Pushes Into the Japanese Crypto Community, Version 3.1.2 Upgrade Completed by 33 Exchanges so Far was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a month ago

Tron [TRX] releases weekly report; Binance’s CZ appreciates Tron’s $3 million donation to BCF

Recently, the leader of the Tron community, Justin Sun, posted Tron’s weekly report on Twitter. The report covered various updates, which included technical development, developer community updates, partnerships, and market transactions. The structure of the Tron ecosystem witnessed certain changes where the index of the solidity node was optimized. In addition, an index switch was added as a part of technical development. In terms of the smart contract, the Tron Virtual Machine [TVM] execution process was optimized along with improvements made in TVM’s performance. Additionally, Tron’s team is working on adding the BFT consensus mechanism to the ecosystem. In the Developer’s community, the Easy-Trade development has entered phase 3 as scheduled by the community. They have scaled up the TronGrid to support all the users and developers who are using the Tron network and its dApps. In addition, 33 cryptocurrency exchange platforms have completed Version 3.1.2 upgrade. They have further added a cost comparison documentation, a helpful reference for developers to compare the cost between deploying smart contracts of different sizes. They have also been working on adding more details to the documentation. Last Trip, a game developed by WuXiao, has also been released on TRON MainNet. Justin Sun posted on Twitter that the Oracle blockchain team had recently visited the TRON Foundation. The two sides have reportedly been discussing future cooperation opportunities. Furthermore, Tron had recently launched the Tron dApp House, an app store for dApps, allowing users to view and try all the dApps developed. At the UN World Investment Forum, Blockchains for Sustainable Development session, Changpeng [CZ] Zhao, CEO of Binance stated that blockchain could help to solve the transparency issue among the UN Sustainable Development Goals [SDGs], and BCF was a good example. CZ also showed appreciation to TRON for its $3 million donation to BCF. The post Tron [TRX] releases weekly report; Binance’s CZ appreciates Tron’s $3 million donation to BCF appeared first on AMBCrypto.

a month ago

Cardano [ADA] Founder shares his thoughts on collaboration with Hyperledger

Charles Hoskinson, the Founder and CEO of the technology science and engineering firm, InputOutput [IOHK] conducted an AMA [Ask Me Anything] session on 17th October from Toronto. Here, the IOHK leader was asked several questions ranging from the recent IOHK split with the Cardano Foundation to the ADA markets. Here, Hoskinson spoke about IOHK’s relationship with Hyperledger and its projects that Cardano can contribute to. According to him, Hyperledger has a great collection of projects, namely, Sawtooth and Fabric. He stated that the Cardano team is well-acquainted with the team at Fabric when compared to Sawtooth. Regarding the Head of the Fabric project, Hoskinson said: “They’re led by Christian Cash and he’s also the head of the IACR and he’s a good guy to have dinner with and he’s one of the world’s top experts in distributed systems. In fact, if you ever take a course on the topic you’re probably either gonna read his book or Nancy Lynch’s book. Nancy’s at MIT.” Hoskinson also appreciated the project and stated that it is well-constructed, well-thought and cogent for permission ledgers. More so, the team at Hyperledger is quite interested in working with Cardano on some level. Regarding several ideas possed by the Cardano team, in case of a collaboration with Hyperledger are - an Enterprise version of Ouroboros called Ouroboros BFT, another version of Ouroboros with probabilistic finality and more. Under the upcoming developments of the Cardano ecosystem, the Founder previously stated that the team is going to release several videos on the Shelley project. He also informed the community that Cardano 1.4 update is ahead of the schedule and will soon be entering the QA testing stage. Recently, IOHK also announced the release of Cardano 1.3.1 and Daedalus 0.11.1. CarnageAsada, a YouTube user and cryptocurrency space follower mentioned: “I will live to see ADA take over the world, thank God.” Another user called Zenarchist, who is a blockchain space follower stated: “You are a champion for being so open Charles. It’s inspirational, keep up the great work IOHK!” The post Cardano [ADA] Founder shares his thoughts on collaboration with Hyperledger appeared first on AMBCrypto.

2 months ago

Tron’s Technical Manager says TRX is more decentralized than BTC, ETH or EOS. New projects revealed

Tron is one of the blockchains with the best documentation and promotion of its work. Its community has been able to remain united thanks to a kind of perfect mixture between excellent technical development and a unique Public Relations campaign. Combining both aspects, a few days ago Marcus Zhao, the Technical Manager for the Tron project, had the opportunity to talk with Taras Podgorodetskyi from the Youtube channel Crypto News Nakamoto Jedi about the current state of Tron, its evolution and perspectives. Mr. Zhao does not hide his enthusiasm and commitment to Tron. According to his opinions, Tron is perhaps the best cryptocurrency that ordinary users could accept as it is cheaper and faster and allows for better integration and software development. When Taras then asked him why Ethereum is still a clearly superior currency, Marcus replied that Tron still has a long way to go and that “definitely” in the near future there will be an “explosion of Dapps” running on the TRON Blockchain: “ETH has been in the game for four years, whereas TRON just started two months ago. The TRON Virtual Machine (TVM) was launched less than 30 days ago, and in 10 days, the main chain will officially activate the TVM. That is why we have only a few Dapps [but] we will definitely see an explosion of Dapps after the official launch.” Tron Super Representatives Are More Decentralized than Bitcoin Nodes or EOS Supernodes In one of the questions, Taras referred to the fact that Justin Sun, the creator of TRON was practically instantly elected as a Super Representative whereas other candidates had to wait for a long time. Although this could generate a negative image for the project, Zhao believes the opposite. For Mr. Zhao, the inclusion of a person of importance like Justin Sun in the list of Tron’s Super Representatives is a sign of transparency and the trust that users have in the founder of this popular blockchain. In addition to defending Sun, he commented that the way TRON is designed makes Super Representatives a more decentralized consensus mechanism than BTC nodes or EOS Block Producers: “Justin has many followers and community supporters. Justin could be elected so quickly Because they trust in him and his ability to run the code well. Currently, all 27 Srs have been elected, distributed in Africa, Europe, America China, and other countries The 27 Srs are competent enough to manage the whole network. Also, the 27 SRs of TRON are far more decentralized than the nodes on Bitcoin and the 21 Supernodes on EOS.” New Projects Revealed Another important announcement was that of a series of projects that have been maintained with some confidenciality since their inception: “We will continue to improve the features and usability of the public chain. Additionally, we will develop more advanced features such as Anonymous Transactions, Multisignature and BFT Consensus mechanisms.” Full intereview available below: The post Tron’s Technical Manager says TRX is more decentralized than BTC, ETH or EOS. New projects revealed appeared first on Ethereum World News.

2 months ago

Tron’s Marcus Zhao Reveals Foundation is Working on Anonymous Transaction Feature for TRX

In A Recent Interview with NakamotoJedi , Tron’s top Tech Manager, Marcus Zhao gave insights on what’s going on in the Tron Community and New Incoming updates and features on the TRX Blockchain. Zhao said the Tron’s tech team is working on More Advanced features to keep the project ahead of other competitors, features like the Multi-signature, BFT Consensus Mechanism and Anonymous Transactions should soon be expected on the Public chain. Tron has one of the most active and many community supporters which has seen the cryptocurrency rise to the top 20 Cryptocurrencies in the World in just a few months of its launch. On The Aspect of Tron’s Advantages Over Ethereum ,Zhao said Tron is much cheaper and faster than ethereum and also more developer friendly than ETH. When Asked On if Tron claims to be more developer friendly why is there just 18 dApps On Tron and Over 2000 On Ethereum he said, “ETH has been in the game for 4 years, whereas Tron just started 2 Months Ago.” He Strongly Believes that after the successful launch of Tron Virtual Machine main chain, the TRX Blockchain will receive an influx of dApps that will put it above the current figure of Ethereum as they’ve made the TVM Compatible with more virtual machines such as the Ethereum Virtual Machine (EVM). Citing Possible Error Occurrences with the Ethereum Blockchain which its Founder Vitalik Buterin once admitted to, Zhao said “As far as I know, Tron is the only public chain without any post-launch problems. I don’t know why he said there are many vulnerabilities in Tron. In comparison, ETH, BTS and EOS had block generation problems when they were first launched.” Earlier this year Tron was widely accused of plagiarising its whitepaper from other projects which justin sun claimed was as a result of translation issues between Chinese and English. On This He Said, “The Whitepaper was released when Tron was still in early stages of development, there might have been some overlaps of concepts, but after all, they are just concepts. Later On Its development, tron has gone beyond the white paper, and we have redefined the vision of Tron.” The post Tron’s Marcus Zhao Reveals Foundation is Working on Anonymous Transaction Feature for TRX appeared first on ZyCrypto.

2 months ago

Tron [TRX] SRs are more decentralized than Bitcoin [BTC], claims an official

In a recent video carrying the interview of Marcus Zhao, the Technical Manager for the Tron project, made several claims involving Tron’s competency over Ethereum [ETH], Bitcoin [BTC] and EOS. He also spoke about the allegations shot at Tron by several parties earlier this year, where the project was reported to practice plagiarism. Regarding this, Zhao made a statement that said: “As far as I know, Tron is the only public chain without any post-launch problems. I don’t know why he said there are many vulnerabilities in Tron. In comparison, ETH, BTS and EOS had block generation problems when they were first launched.” Furthermore, he continued to tout the cryptocurrency project by stating that Tron’s codes are reliable, precisely because it has not faced any problems on the chain. According to Zhao, Tron never used the Ethereum protocol. More so, he said that in order to attract the Ethereum developers, the Tron team made the Tron Virtual Machine [TVM] compatible with the Etheruem Virtual Machine [EVM]. Additionally, he stated: “However, the management and consumption of resources are created by us independently. Moving on, TVM will be made compatible with more virtual machines.” Under the umbrella of future developments in Tron, Zhao revealed that the team will develop more advanced features, such as Anonymous Transactions, Multi-signature, BFT Consensus Mechanism and more. Until then, the techie stated that Tron will continue to improve the current features and usability of the public chain. Next, the topic of Tron Super Representatives and the election day came up wherein Zhao was asked about Justin Sun’s quick win via votes. Here, he mentioned that Sun received a large number of votes in a short while as he has many followers and community supporters. Furthermore, he stated that the community trusts Justin Sun and his ability to run the node well. In his words: “Currently, all 27 SRs have been elected, distributed in Africa, Europe, America, China and other parts of the world. The 27 SRs are competent enough to manage the whole network.” He then made a huge claim stating that the SR group is far more decentralized than the nodes on Bitcoin and the 21 supernodes on EOS. The post Tron [TRX] SRs are more decentralized than Bitcoin [BTC], claims an official appeared first on AMBCrypto.

2 months ago

MetaHash Code Review: Blockchain 4.0 Cryptocurrency

This MetaHash code review wouldn’t be complete without noting that marketers can do and say what they want, but I still don’t know what Blockchain 4.0 is or when it replaced Blockchain 3.0. I guess incremental gains in TPS is it. Anyway, here we are, “the fastest and most secure blockchain” which (if “pick two from speed, security, and scalability” is correct) means that it can’t scale. But apparently it can, and all the while be more decentralized than the competition. Lots of big claims. Perhaps that’s why it was rated an All-Star Project by Ian Balina... stop laughing. Also, I hate a website that starts like this. Call to action is buying the tokens. That is not a good focus. Still, they’ve changed it now, let’s move on. I will note that the team was super friendly and helpful though. “validation rate under 3 seconds. Performance is over 50,000 TPS” “protected by 5 different consensus algorithms” “anyone can add transaction nodes” That last statement is interesting, not nodes, but transaction nodes. “information in Blockchain with 4k crypto protection and multi-signature” But wait, there’s more, for this limited time only you can get “up to 3 seconds to approve inside the network and outside”, wait, outside? “all digital assets in the wallet use the ERC20 token in all exchange services”, what am I reading? “here is what you want to know about ” “What is our market cap?” Ok, so this is “clearly” a very “tech” focused team... Also, I refuse to do the # garbage. They are forking Ethereum and Bitcoin. How do you fork two chains? You can fork one, and then give balances of the other, that’s not forking though. Although I have a lot to say about this forking website. What is forging? Literally, I go to the FAQ that is suppose to explain forging, and instead it explains to me how much MHC I’m going to earn by having arbitrary numbers of MHC. Is this just a crypto economic project? From what I can understand, using MetaGate (the wallet?) and having tokens, give you more tokens. So standard dilution models. This is the classic, buy tokens so you can earn more tokens model (but totally ignore that people are dumping the token and your overall value is actually decreasing). Far too much focus on the token here. Another whole page on marketcap. Another whole page on ICO economics. Oh, finally, Multi-PoS “a new consensus type called multi-PoS” “decentralized AI builds the optimum network synchronization map based on test and actual network operations” ... ... ... So, BFT with a gossip knowledge graph on top. Cool. So Tendermint. This is an infrastructure project, not a blockchain project. “Decentralized” Ok, whatever, let’s see if the code is good. Repo spam. The strategy to try and make it look really busy with some randomly named repo’s that sound vaguely crypto. Let’s start crypt_example_c I’m shocked, are you shocked? I’m shocked. It’s empty. I was not expecting that. netmap_py signnode-php Ignoring the php part for a second, there is actually something here, let’s have a look. Import crypto, create address out of ECDSA15, send transaction via CURL as JSON RPC. php... Generating icons for addresses. I actually thought this was kind of cool, but no worries, it was just copied from Blockies (Without credit of course) Another php library, so we can actually expect code again. Grabs server stats and draws network topology. Very basic code. Was getting bored, so had a quick look at the token contract if msg.sender == ownerContract, addrSender = ownerContract, else addrSender = msg.sender So.... msg.sender = msg.sender? But with an additional 6 steps? So, the owner can change the address of the contract owner, but it doesn’t update the owner and instead changes another variable so that the original owner is the only one that can ever update the change in owners... Infinite minting for the owner, because, why not? Let’s get back to the real code. Ok, so the public code is really just for show at this point. But my review has been quite mean, so instead, let’s give the private code a chance. I don’t really know what I’m looking at, let’s jump into main. Definitely better than the public repo at least. Standard priv/pub key stuff. Let’s move on. No real new code here, mostly from other libraries. All given attribution though. So good on them. Not a lot going on in core, but let’s see blockchain and transactions at least. Interesting. Using time, normally a no no in decentralized world. block is just a file that gets written out. Updating balances is a bit loose. Not seeing any checks and balances. Lot of code here, but it’s not very good. Well, the code is good, well written, but it doesn’t feel like the writers know too much about blockchain. Think my previous statements might have been a bit premature. meta-node-torrent looks like the real meat. I think the rest are just tests and tools. Let’s dive into this g

2 months ago


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