Search Results for "centralization"
Michael Saylor Defends BTC Mining Council Embraces Decentralization
Michael Saylor refuted criticism over the newly formed Bitcoin mining council, emphasising that the council is committed to decentralization.
Centralization Caused Most DeFi Hacks of 2021, $1.3B Loss to Users in 2021
Certik says the centralization of operational models cited is one of the major faults amongst protocols that suffered mishaps, causing at least $1.3 billion loss to users last year.
Coinbase Addresses Zcash Mining Centralization Concerns
Coinbase's Blockchain Security Team has identified a 51% control over the Zcash network's computational power by a single mining pool, ViaBTC. This raises concerns about security vulnerabilities, such as double-spend attacks and censoring transactions. To address this, Coinbase increased the Zcash confirmation requirement to 110 blocks, transitioned its trading markets to a limit-only state, and engaged with stakeholders.
The Rise of Massively Multiplayer Online Games Being Built on Blockchain
Massively Multiplayer Online (MMO) games have existed for a long time, but these games currently suffer from the same inherent flaws as many other online assets: centralization. Blockchain technology is slowly emerging as a disruptive force in the market, resolving troublesome issues like in-game cheating, and restoring freedom for players around the globe.
IEOs are Overhyped? Research Shows That Most IEO Projects are not Profitable
Replacing ICO’s is the IEO business model, although a report by Blockshow Capital suggests that it may not be the most profitable investment. In retrospect, Binance has proven to be the best platform to yield profitable returns.
$1 Million in USDT Refunded After DeFi Mistake
Tether CTO Paolo Ardoino announced last Friday, that a group of Chinese traders had mistakenly sent their funds to Swerve, a clone of Curve Finance.
China Creates New Regulatory Authority for Blockchain Products and Digital Payments
Earlier this month, China's President Xi Jinping made announcements on blockchain prompting banks to begin investing in the industry. In line with this, it is reported the next direction will be a new digital currency for citizens in China to use.
Hong Kong Vending Machines Accept Bitcoin Cash not Bitcoin Boasts Roger Ver
Bitcoin Cash (BCH) advocate Roger Ver recently took to Twitter to highlight a Hong Kong vending machine which accepts BCH and Ether as payment options but not Bitcoin. After asking why BCH was preferred over BTC, Ver was accused by popular YouTube Bitcoin influencer Tone Vays and trader Willy Woo of paying for Bitcoin’s omission.
Cardano’s Charles Hoskinson: Accountability of Funding from Voltaire Does Not Need to be Centralized
Cardano founder Charles Hoskinson recently explained in a video update regarding the accountability of the funding from Voltaire, its governance era.
China Issues New ‘Bejing Action Plan’ to Accelerate the Inclusion of Blockchain in the Economy
The Chinese government issued a new “Beijing Action Plan” aiming to accelerate the inclusion of new emerging technologies in the country’s economy. China aims to leverage new technologies including artificial intelligence (AI), 5G, industrial internet, blockchain, big data, and others to promote the steady growth of Beijing’s economy post-pandemic.
European Crypto Miners Share Insights About Their Local Mining Industry
dGen, a non-profit research organization, in its report, has revealed that the cryptocurrency miners in the European region believe that Europe's higher electricity prices as compared to that of Russia and China is due to the strict regulation, strong protections, and political stability.
Leading Musicians Continue to Fight with Blockchain in Battle Against Piracy
In recent years studies have shown that there has been a sharp decline in album sales net revenue, due to online piracy and illegal creation or sharing of property righted materials.
