Wednesday, September 23, 2020
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Balancer Votes for Centralized Quick Fix to Stop Users Gaming System

Following the meteoric launch of Balancer Labs’ governance token, the decentralized finance (DeFi) protocol has quickly implemented changes to limit large players from exploiting the platform to mine BAL tokens, rather than for crypto asset trading.With $3 million worth of tokens airdropped to users storing assets in Balancer pools, the

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Why This Dev Built a ‘Centralized Ethereum’ on Top of Bitcoin’s Lightning

Ethereum was created to carry out complex applications Bitcoin supposedly couldn’t handle. A new app brings the idea full circle. Pseudonymous developer Fiatjaf has created Etleneum, which he describes as a “centralized” version of Ethereum that runs on payments from Bitcoin’s Lightning Network. Hence the name, a portmanteau of “Ethereum” and

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Bitcoin’s Lightning Network Found More Centralized Than Expected by Researchers

The Lightning Network’s (LN) configuration is becoming increasingly centralized, with multiple hubs being formed. This is the finding of a yet-to-be-reviewed research paper, released on pre-print site arXiv on Feb. 7.A team of academics from Switzerland, France, Italy and Canada authored the paper. Jian Hong-Lin and Kevin Primicerio conducted

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Bitcoin’s Lightning Network Is Growing ‘Increasingly Centralized,’ Researchers Find

Bitcoin's lightning network is growing "increasingly centralized," making it more susceptible to attacks, asserts a new paper by security researchers.Seen as a potential solution to bitcoin's scaling headaches, lightning is a payment network allowing for speedier and cheaper transactions. Partly to make lightning more robust, developers and researchers have been

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