The mystery surrounding Ethereum’s total ether supply may soon be clarified, as the blockchain’s creator, Vitalik Buterin, recently agreed to help orchestrate a coordinated audit of the total ether supply.
Buterin agreed to the challenge during a recent appearance on the What Bitcoin Did podcast, in which he spoke about Ethereum’s “supply gate” with the show’s host Peter McCormack and Samson Mow, Chief Strategy Officer at Blockstream.
Although Buterin has yet to formalize any type of coordinat
A recent decision by a California appellate court has made the cliché saying “not your keys, not your bitcoin" case law, shining a spotlight on the importance of Bitcoin investors maintaining custody over their own coins.
This decision came about as a result of a lawsuit against cryptocurrency exchange Coinbase, in which the plaintiff claimed that he has rightful ownership of the digital assets resulting from past Bitcoin hard forks.
Specifically, the lawsuit was centered around the Bitcoin
The newly released minutes from the Federal Open Market Committee’s July 28 and 29th meeting has sent shockwaves through the global financial markets, not stopping at Bitcoin’s price action.
The overall tone of the meeting was grim, with committee members expressing concerns over how the ongoing pandemic may stunt long-term economic growth in the U.S. and abroad.
During the meeting, the Fed’s policymaking arm decided to hold off on making any changes to short-term interest rates, keeping them
Conflicts within the Bitcoin Cash development community are resulting in another Bitcoin Cash “coin split” – that is, a segment of the Bitcoin Cash community will unilateraly deploy a hard fork upgrade to create a new forkcoin – striking a heavy blow to the already embattled altcoin.
The Bitcoin Cash community is fearful about how this may impact the altcoin, with Bitcoin.com CEO Dennis Jarvis stating that forking the blockchain may damage Bitcoin Cash’s “long-term value and usefulness.”
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As Bitcoin garners adoption as both a means of payment and a store of value, users are growing increasingly keen on reducing the fees they have to pay to get their transactions confirmed.
Segregated Witness (SegWit) and transaction batching, two technologies that help reduce Bitcoin transaction fees, are starting to gain traction amongst users.
A new report shines a light on just how much money these two technologies could have saved users had they been adopted earlier and more widely: trans
Multiple news outlets have recently run reports comparing the Lightning Network’s liquidity to that of Wrapped Bitcoin (WBTC), an ERC20 token representing bitcoin issued on the Ethereum blockchain.
The amount of liquidity within WBTC has surged in recent times, seemingly outpacing that of the Lightning Network.
This trend has been primarily driven by users turning to WBTC as a way to utilize bitcoin while engaging in allegedly “decentralized” finance (DeFi) fads like "yield farming."
Although
The crypto community has been enthralled in recent days by recent developments regarding Ethereum’s total supply – which remains a mystery despite attempts from Ethereum developers and community members to clarify the confusion.
Pseudonymous researcher “Datavetaren” is now noting that a flaw within the default network structure of Ethereum could open the gates for a bad actor to arbitrarily adjust the cryptocurrency’s monetary supply for themselves.
This potential exploit could come about due
The “Great Recession” in 2008 highlighted the dangers of a highly centralized financial system, igniting a global push towards decentralization that resulted in the creation of Bitcoin – a decentralized digital currency.
Some critics, however, point to the concentration of hashpower amongst a select few mining pools as well as the geographical centralization of miners within China as reasons why the benchmark cryptocurrency is not truly decentralized.
These critiques fail to address a few key
