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Supply chain tracking network VeChain has just upgraded its consensus mechanism to what it claims is the “world’s greenest” method of verifying blocks on the chain.On Nov. 16, VeChain reached a milestone in its six-year history by upgrading its VeChainThor mainnet to the first phase of the Proof of Authority
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This project is an enigma. On the one hand, Stellar is not for profit, it doesn’t have owners or shareholders, and strives to be somewhat decentralized. On the other, Stellar is a compliance-focused protocol, and its directors often meet with shadowy organizations like the World Economic Forum. According to their
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Zcash (ZEC) may be the next cryptocurrency to move from proof-of-work (PoW) to the proof-of-stake (PoS) consensus algorithm. The team says the benefits of PoS far outweigh that of PoW and a transition to the former would better support the project’s primary objective of providing economic and social freedom to
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Tech giant IBM has been granted a patent on a blockchain-based consensus model envisioned for use in handling transactions within multiplayer games with a large user base. The U.S. patent, titled “Gaming consensus protocol for blockchain,” was awarded last week and proposes the model of electing a subset of any game’s
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Top ShelfConsensus: Distributed ended on a high note with a keynote address from Juan Benet, founder of Protocol Labs, who granted a rare interview as he closed out the week-long virtual conference. Speaking widely on the topics of decentralization and Web 3.0, Benet said, “the internet has become dramatically more important to
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Today, at precisely 9 a.m. ET on May 15, 2020, the Bitcoin Cash network completed another upgrade adding a few new features to the blockchain. The latest upgrade comes with new opcode support, a chain limit extension, and the improved counting of signature operations using the new “Sigchecks” implementation.A
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Top ShelfThe sun rises on the last day of Consensus: Distributed, our first foray into the world of virtual events. We've heard from former Treasury Secretary Lawrence Summers describe the current monetary system as too private, Governor Harvesh Seegolam of the Bank of Mauritius inch closer to a central bank digital currency and World
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Things are settling in on the third day of Blockchain Week.Tuesday saw Nym’s Harry Halpin give an in-depth demonstration on how to shield your transactions, while Vitalik Buterin walked back a comment he made the previous day. Here’s what my colleague Nikhilesh De watching for throughout the day:Good morning folks, and welcome to
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As the sun rises on the second day of Consensus: Distributed, CryptoX TV will draw to a close. We kicked off our virtual event with a 24-hour non-stop live stream featuring more than 50 programs and dozens of esteemed guests. But the conference is far from over. Today features just as many panels,
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We’re not even halfway through the first full day of Consensus: Distributed, and the world may never be the same. The most ambitious conference of its kind kicked off with CryptoX TV, a full 24 hours of programming featuring European central bankers, former CFTC chairmen and celebrity guests like Akon and
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