algorithms

Two Attacks on ETC Network Leave Community Needing a Solution, Fast

Source Node: https://cointelegraph.com/news/two-attacks-on-etc-network-leave-community-needing-a-solution-fast
Time Stamp: August 16, 2020 9:15 AM - Modified On: May 21, 2021 - Published By:
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Ethereum Classic, a 2016 hard fork from Ethereum’s main blockchain, has suffered multiple concerning network attacks over the last two years. Two such attacks occurred within a seven-day span, totaling millions of dollars in losses. With the dust settling from the two 51% attacks, further details are now coming forward, as provided by a number of industry experts.“There is no debate about the attacks,” ETC Labs CEO Terry Culver told Cointelegraph on Aug. 7, answering a question on whether or not the network difficulties were in fact 51% attacks. “Community

LocalCryptos Integrates Inbuilt Crypto-To-Crypto Exchanges, Powered by ChangeNOW

Source Node: https://beincrypto.com/localcryptos-integrates-inbuilt-crypto-to-crypto-exchanges-powered-by-changenow/
Time Stamp: August 12, 2020 2:45 AM - Modified On: May 21, 2021 - Published By:
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ChangeNOW is happy to announce the integration with LocalCryptos – the world’s most popular non-custodial peer-to-peer crypto marketplace! From now on, LocalCryptos users can swap cryptocurrencies right inside its built-in non-custodial crypto wallet. To perform the desired trade in a different cryptocurrency, you don’t have to waste your time looking where to swap your crypto anymore. LocalCryptos has a built-in non-custodial web wallet supporting multiple cryptocurrencies. Within this wallet, users will now see a new “Swap” feature. Simply select the pair and set the amount, and your crypto will be

Title Token for Blockchain Estate Registry, Part 3

Source Node: https://cointelegraph.com/news/title-token-for-blockchain-estate-registry-part-3
Time Stamp: August 8, 2020 6:00 AM - Modified On: May 21, 2021 - Published By:
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The advantage of the cross-blockchain protocol for public registries is that it can unite any number of existing ledgers in one ecosystem and does not need to upgrade the protocols of such blockchains. In simple terms, the protocol works as an aggregator of tokens across blockchains. The protocol conceptually comprises two major elements:The format requirements for an entry by knowing the standard of a record, the user’s machine can automatically collect records from various ledgers in one bundle.The hook, which is the algorithm that scans blocks of ledgers and extracts

South Korea’s ICON Reveals new Consensus Algorithm

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Time Stamp: April 9, 2020 8:18 AM - Modified On: May 21, 2021 - Published By:
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ICON, the largest public blockchain network of South Korea, has recently announced its new consensus algorithm. On the 8th of April 2020, ICON revealed the Loop Fault Tolerance 2.0, or LFT 2.0, consensus algorithm.A New Innovation For Korea’s Blockchain SpaceIt’s claimed that this new algorithm is capable of improving the network bandwidth and overall scalability of the ever-popular Practical Byzantine Fault Tolerance consensus types, or PBFT. According to ICON, this algorithm can achieve this without compromising the security through doing so.The white paper for LFT 2.0 was published today, having

South Korea’s Largest Crypto Unveils New Consensus Algorithm

Source Node: https://cointelegraph.com/news/south-koreas-largest-crypto-unveils-new-consensus-algorithm
Time Stamp: April 8, 2020 8:02 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

South Korea’s largest public blockchain project, ICON (ICX), announced its new Loop Fault Tolerance 2.0 (LFT 2.0) consensus algorithm on April 8.The new algorithm claims to make performance improvements in scalability and network bandwidth over the popular Practical Byzantine Fault Tolerance (PBFT) consensus types, without compromising security.Innovation reduces network load and improves throughputThe LFT 2.0 white paper was published on today been published on Github, following three years of research and development. It marks the first time that a South Korean team has successfully innovated on this element of blockchain

Japan Launches Digital Court Based On Blockchain Technology

Source Node: https://insidebitcoins.com/news/japan-launches-digital-court-based-on-blockchain-technology/256821
Time Stamp: April 8, 2020 5:09 AM - Modified On: May 21, 2021 - Published By:
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Researchers across the globe have come together and developed a digital court system based on blockchain technology. The court itself will be used in cases like auctions, sales, contracts, as well as other civil matters, at least for a start. The digital court will identify then punish individuals who have deviated from their respective legal obligations.New Courtrooms Are DigitalProfessor Hitoshi Matsushima, coming from the University of Tokyo, led the project alongside Shunya Noda, from the University of British Columbia. Through the press release, the Japan and Canada-based researchers explained that

15 Tips to Write Better Smart Contracts

Source Node: https://medium.com/better-programming/15-tips-to-write-better-smart-contracts-abba3e94ddf2?source=rss-------8-----------------cryptocurrency
Time Stamp: April 6, 2020 6:17 PM - Modified On: May 21, 2021 - Published By:
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Functions should be concise and self-explanatory. Any functions which look too large, or perform nested loops or recursion should be revisited. More computation means more gas, meaning it costs more to perform those functions.Consider off-chain computing to take some load off your blockchain application. For example, decentralised exchanges use off-chain order filling algorithms to fill orders, since the algorithm is quite complex. Once an order is filled, the settlement is performed on the blockchain.If reducing complexity is too difficult, consider the possibility that blockchain may not be the ideal solution

Evolution of‘Payments’ Will Bolster Next-Generation Businesses

Source Node: https://medium.com/datadriveninvestor/evolution-of-payments-will-bolster-next-generation-businesses-f670ff793f80?source=rss-------8-----------------cryptocurrency
Time Stamp: April 1, 2020 9:36 AM - Modified On: August 29, 2021 - Published By:
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Humans have always been on a developmental journey. When we are born into thousands of years of inventions and improvements, it’s easy to take for granted what’s around us— as if they always existed. We seldom think about the changes it took to get to where we are.Take for example, the creation of language and how that opened up a new course in human history. How it led to communication, collaboration, communities and organizations. From there, people organized a set of doctrines and came up with story-telling, a precursor to