The recent 51% attacks on Ethereum Classic (ETC) have raised fresh questions about the security of proof-of-work blockchains. Not only has ETC been attacked three times within a month, but these assaults have been enabled with rented hashrate power. One of these attacks cost OKEx $5.6 million as it paid out its customers in full. The major cryptocurrency exchange then threatened to delist Ethereum Classic if it doesn’t improve its security soon. Some questions being asked last week were: Is this problem unique to Ethereum Classic, or are all PoW blockchains vulnerable? Would regulating hashrate rental firms help? If not, …

Cardano (ADA) is getting into data oracles ahead of the Goguen era that will add smart contract functionality, taking a different approach than Chainlink. The first oracles are being built in partnership with EMURGO, one of the companies in the Cardano ecosystem, and Ergo (ERG). The first two oracles are deployed on Ergo and provide price feeds for the two trading pairs: ADA/USD and ERG/USD. The new model introduces Oracle Pools, which are capable of incentivizing good and disincentivizing bad behavior. Ergo's core developer Alexander Chepurnoy told Cointelegraph that the idea involves major players in the DeFi ecosystem donating funds …

Charles Hoskinson's IOHK recently published two Ethereum Classic Improvement Proposals, or ECIPs, meant to help the struggling chain recover after a slew of recent 51% attacks. The first introduced a checkpoint system to prevent the possibility of such attacks, and the second proposed a decentralized treasury — a seemingly divisive idea within the ETC community. Following the recent attacks, a heated debate ensued concerning the project's future. Hoskinson, one of Ethereum's co-founders and a supporter of the ETC fork, believes that the way forward revolves around the institution of the decentralized treasury. The proposal suggests that the current method of …

Many crypto heavyweights use Twitter as their primary tool for sharing information (or even misinformation) about their own projects or other interesting subjects. Some of them even consider Twitter engagement their most important performance indicator. We decided to put the Twitter habits of the crypto elite under a microscope to get a better sense of how they actually engage with the popular social media platform. Android, Apple or Web? For our analysis, we picked 13 crypto entrepreneurs (we measured each Winklevoss twin’s habits independently). To make our list, the subjects had to be actively running a crypto business and command …

Charles Hoskinson presented his idea for a decentralized treasury protocol to the Ethereum Classic (ETC) community during a Discord call on August 13. Hoskinson, who is the founder of Cardano (ADA) and one of the co-founders of Ethereum, strongly believes that setting up an independent source of funding for development and innovation can ensure the prosperity of ETC. Hoskinson’s proposal to change ETC’s block reward allocation would mean that instead of rewards going entirely to the network’s miners, blocks would allocate a portion of every reward to a newly-created decentralized treasury. This treasury would then be used to finance future …

In a recent Cointelegraph interview, Aparna Jue, a product director at IOHK, the Cardano (ADA) development company, opined that even at the current stage of its development, the platform is much more than just a wallet. Cardano recently migrated from the Byron to the Shelly era, ushering in decentralization through the introduction of staking pools. However, the platform does not yet have smart contracts or a decentralized governance module. While Charles Hoskinson promised that smart contracts will be implemented before the end of 2020, Jue told Cointelegraph that even now, she considers Cardano a success. She noted that Cardano is …

In a Cointelegraph interview, Adam Back provided additional clarity on his perceived Bitcoin (BTC) maximalism. Blockstream’s CEO believes that Bitcoin is enough and there is no need for a multitude of derivative projects. Back said, “I think it's like TCP/IP the internet exists. We don't need 5800 TCP/IP copies trying to monetize and profiteer off pumpanomics or such. It detracts from value (I gather there are about 5,800 altcoins as of today)”. He noted that innovators should focus on Bitcoin instead: “It's modular, you can build anything you want using it, if you're trying to innovate, go ahead and innovate”, …

Cardano (ADA) founder Charles Hoskinson recently offered to help the troubled Ethereum Classic (ETC) community, but it came with a major condition. The community would first have to institute a decentralized treasury system, similar to Hoskinson’s Cardano and many other blockchain projects. If the community did not accept his terms, Hoskinson felt like his help would have been a waste of time and money: “It's not worth my company's time or our strategies to pivot for a grant or a one off payment to go and bail us out. If there is a treasury system, it means that I can …

Quantstamp, a company that has been auditing Cardano’s (ADA) code base for the past two months, believes that after the Shelley hard fork, Cardano will trail only Ethereum (ETH) as a smart contract platform, dwarfing its arch-rival Tezos (XTZ). Cardano’s code base “one of the best” Quantstamp CEO Richard Ma told Cointelegraph that in his opinion, Cardano has some of the best code in all of the blockchain space. He believes it is on par with ETH 2.0’s Prysm: “It’s clear they’ve put a lot of internal effort to solidly test and properly engineer the code and it’s really shown …

On July 29, Cardano (ADA) will migrate from the Byron to Shelley era with a planned hard fork. The team stated that no interruptions to the Blockchain’s normal operations are expected, elaborating that “this is the moment when Shelley ‘comes alive’ on mainnet, introducing features such as stake pools, delegation and rewards, opening up a new era of decentralization for Cardano.” Charles Hoskinson: thousands of DApps by 2021 Cardano founder Charles Hoskinson is extremely optimistic about the platform’s future, he expects to see thousands of decentralized applications and tons of projects residing on the new mainnet a year from now: …

Charles Hoskinson, CEO of Cardano (ADA) developers IOHK, took to YouTube on July 25 for one of his regular ask-me-anything sessions. Among a wide range of topics covered, Hoskinson gave details about the status of a number of tenders aimed at making inroads into Africa. Can’t win ‘em all Hoskinson admitted that IOHK had been underbid on its primary tender, to facilitate a fertilizer voucher scheme for farmers with Ethiopia’s Agricultural Transformation Agency, or ATA. This was despite putting in what he felt was an incredibly low bid himself. “It was crazy because we thought the contract would cost $500,000 …

Cardano’s ADA recently overtook Litecoin (LTC) in market capitalization. Now it may have passed Bitcoin Satoshi Vision (BSV) as well, depending on how the metric is calculated. BCH, BSV, ADA & LTC. Source: CoinMarketCap. How many ADAs out there? At the time of this writing, CoinMarketCap, or CMC, shows ADA in seventh spot, while Nomics has it at sixth —- just ahead of BSV. The controversy stems from the circulating supply —- CMC reports 25,927,070,538, while Nomics has the figure at 31,112,484,646. This represents a five billion ADA discrepancy. Blockchair, a blockchain search and analytics engine, agrees with Nomics. Nomics …