Tag Archives: decentralization

MIT, Stanford Researchers to Fund New ‘Globally Scalable’ Cryptocurrency, ‘Unit-e’

A group of researchers from top United States universities have announced the launch of a “globally scalable decentralized payments network,” according to a press release published today, Jan. 17. The development of the cryptocurrency, dubbed “Unit-e,” is being funded by Distributed Technologies Research (DTR) — a non-profit organization based in Switzerland, whose official launch was also announced today… Read More »

Major Blockchain Investors Arrington XRP, NEO Global Back DEX-Focused Startup

Decentralized exchange (DEX) aggregator Totle has closed a fresh funding round led by major blockchain investors, according to a blog post from the firm Jan. 14. Arrington XRP, a crypto-focused hedge fund created by TechCrunch founder Michael Arrington, alongside top blockchain investment funds NEO Global Capital (NGC) and Goren Holm Ventures, have reportedly jointly led the $1 million… Read More »

‘0% Success’: Why Blockchain Apps Just Aren’t Taking Off

Yin Wu is the founder of Dirt Protocol, a protocol for decentralized information curation that aims to organize the world’s data and make it freely accessible. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. In 2018, the promise of a decentralized future fell apart. The most widely used dapps have a few thousand daily users and a… Read More »

Samsung NEXT Technical Director Values Decentralization Above Blockchain

Decentralization is a more important phenomenon than blockchain, a senior executive at South Korean tech giant Samsung said in an interview with computing magazine JAX Jan. 10.   Speaking about the future of blockchain, Ricardo J. Méndez, Technical Director at the firm’s innovative technology arm Samsung NEXT, forecast a consolidation of the space in the coming year, but… Read More »

Litecoin’s Charlie Lee: Decentralized Crypto ‘Must Be Susceptible to 51% Attacks’

A decentralized cryptocurrency is by definition vulnerable to 51 percent attacks, the creator of Litecoin (LTC) Charlie Lee stated in a tweet Jan. 7. In the wake of recent news about unusual mining activity on the Ethereum Classic (ETC) network — which many continue to refer to as a 51 percent attack — Lee shared his observation, stating… Read More »

Gab Turns to Square’s Cash App After Coinbase Allegedly Froze Its Account

Controversial social media site Gab is reportedly now using the Cash App from United States-based payments firm Square to transact and receive Bitcoin (BTC) donations. The company’s official Twitter posted the announcement Jan. 6. Founded in 2016, Gab is a social network which presents itself as a haven for uncensored speech online. It has risen to notoriety due… Read More »

Proof of Keys Event May Highlight Centralization of Crypto, but Some of Its Claims Are Unfounded

Bitcoin celebrated its 10th birthday on Jan. 3, and in commemoration of this milestone, the very first Proof of Keys event was held. Organized by crypto investor and podcast host Trace Mayer, it urged cryptocurrency traders to withdraw their holdings from crypto exchanges, in order to promote the decentralization and monetary independence on which Satoshi Nakamoto‘s vision for… Read More »

BitTorrent Launches Native TRON-Based Token

Peer-to-peer torrent client BitTorrent has launched a native token, BitTorrent (BTT), based on the TRON protocol, according to a press release shared with Cointelegraph Jan. 3. The token can be exchanged between users to optimize their network speed and attain faster downloads, according to the press release. BitTorrent’s first full-fledged move to begin to tokenize its content sharing… Read More »

Fewer Logins, Fewer Tokens, Less Stress: Ecosystem to Support DApps From All Blockchains

Free products and services on the internet are a hit with the public, but a new blockchain-based ecosystem believes that most consumers are unaware of the risks of using such companies for distributing their content. The team behind Phantasma Chain says they were motivated to act after watching the world freely share their data and content on third-party… Read More »

Bitcoin Cash: Single Mining Pool Controls 50% of Hashrate

Bitcoin Cash mining centralization has reached a level where just one pool is controlling half of its hashrate, according to Coin Dance. The crypto statistics service found that BTC.TOP mining pool, a China-based private entity, took over as high as 50.2% of the entire Bitcoin Cash network at some point today. It contributed the hashrate of 679 Peta-Hash… Read More »