Autor Cointelegraph By Stephen Katte

ETHW Core to push on with Ethereum PoW fork 24 hours after Merge

ETHW Core to push on with Ethereum PoW fork 24 hours after Merge

Uverejnil používateľ | sep 14, 2022 |

The long awaited Ethereum Merge is just around the corner, but not everyone is excited about the major upgrade. A group calling themselves ETHW Core have voiced its opposition to the change and are set to conduct a hard fork within 24 hours after the Merge. Under the project name, ETHPoW and with the token ETHW, ETHW Core plans to split off from the main ETH blockchain and maintain a PoW version to keep ETH mining alive beyond the Merge. “ETHW mainnet will happen within 24 hours after the Merge. The exact time will be announced 1 hour before launch with a countdown timer and everything including final code, binaries, config files, nodes info, RPC, explorer, etc. will be made public when the time’s up,” the group wrote in a Sept. 13 tweet. The Merge will shift the Ethereum network away from its current Proof-of-Work (PoW) mining model to a Proof-of-Stake (PoS) consensus mechanism, phasing out miners and replacing them with validators. In their Aug. 29 open letter, explaining their motivations, the group outlined why in their opinion, “PoS is indeed a game changer, but only in bad ways.” “It is only prudent to continue a PoW Ethereum, which should be a no-brainer for those who champion openness and the free market as there is no downside. After all, if PoS Ethereum is really so great, why be afraid of competition?”However many in the community believe the fork is motivated by money, rather than ideological differences. And serious concerns have been voiced over the forks ChainID and whether it will increase the risk of replay attacks and other hacks.Former Ethereum foundation member Hudson Jameson wondered on Sept.8 why it was launching after the actual Merge. “I have huge doubts they will gain much hash power if they launch post-Merge,” he wrote. “Hash power will be on other chains by then and the value prop of ETHPoW is tenuous already,” he wrote.So.1. ETHPoW actually isn’t freezing contracts.2. It is unclear if they are still editing EIP-1559 to the tips go to a “miner DAO” (code PRs suggest this is happening).3. They are likely launching days after the merge happens (from what I can tell in the code). https://t.co/vvjf7neS0w— Hudson Jameson (@hudsonjameson) September 8, 2022Coinbasecloud protocol Specialist Viktor Bunin reportedly contacted the ETHW Core for clarification on the issue. The result of the query was not posted. I’m disappointed that our team has to submit PRs (because issues are disabled ), but its imperative that the @EthereumPoW team provides clear guidance on the chainIDFailing to do so risks all user and exchange assets on both chains due to replay attacks. pic.twitter.com/6Z80AjdDjT— Viktor Bunin ️ (@ViktorBunin) September 9, 2022

Related: Ethereum ready for The Merge as last shadow fork completes successfullyIf all goes to plan, the ETH Merge is currently less than a day awa. At time of writing, the ETHPoW token is trading at $29.71, but only exists as a futures ticker, conceived in anticipation of the upcoming fork. The price of Ether (ETH) currently sits at $1,599, down 2.26% over the past seven days.

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Ripple co-founder Jed McCaleb adds space station-building to resume

Ripple co-founder Jed McCaleb adds space station-building to resume

Uverejnil používateľ | sep 13, 2022 |

Blockchain technology pioneer Jed McCaleb is shifting some of his focus to a new frontier, space.The prominent crypto billionaire announced the launch of his new venture “Vast” on Sept. 12, which is aimed at expanding “human habitation in space” — “enabling a future where millions of people are living across the solar system.”According to a company statement, the space habitation start-up was founded by McCaleb in 2021 and will be tasked with developing the world’s first artificial-gravity space station to essentially allow humans to live and work in space. Pioneering the world’s first #artificialgravity space station, #Vast is excited to announce our mission to expand in-space capabilities by enabling scalable solutions for humans to live and work in space. https://t.co/Kn9kjFqaDu— Vast (@vast) September 12, 2022McCaleb’s long history of being on the cutting edge of technology began in 2000 when he created eDonkey2000, one of the largest file-sharing networks of the time. In 2007, he founded another company that developed a videogame called The Far Wilds. He is the creator of Magic: The Gathering Online Exchange, a well-known trading card website that was eventually converted to a Bitcoin exchange called Mt. Gox in 2011. He is also a Ripple Labs co-founder, though he left the company in June 2013. After McCaleb left Ripple, he founded the Stellar Development Foundation in 2014. McCaleb says he hopes to use his expertise to enable humanity to access the “incredible amount of resources” in our solar system, stating:”I have always believed in leveraging technology to reduce inefficiency and improve the human condition. To expand human habitation in space, we have to create technologies that perfect sustainability.”According to McCaleb, he is assembling a “world-class team” of engineers with the support of multiple seasoned industry experts to create technology previously only seen in science fiction. “Artificial gravity is not science fiction. It only requires a large spinning structure. The resulting centrifugal force provides a gravity-emulative pull.” NASA has laid out its plan to decommission and deorbit the International Space Station (ISS) by 2031 possibly signaling a chance for commercial businesses to step in and provide replacement facilities. Related: After 8 years dumping billions of XRP, Jed McCaleb’s stack runs out in weeksIt’s unclear where Vast’s funding for the space station project is coming from, but according to Forbes, McCaleb’s net worth is at least 2.5 billion as of 2022.However, other sources claim it to be much higher, due to the billions of XRP tokens he received as a founding member of Ripple Labs in 2012, which he had been methodically selling off over the course of eight years until Jul. 18 when his stash ran empty.

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Canadia's new opposition leader is a Bitcoiner

Canadia's new opposition leader is a Bitcoiner

Uverejnil používateľ | sep 13, 2022 |

Canadian politician and noted crypto advocate Pierre Poilievre has taken the helm of Canada’s Conservative Party, which looks set to give the current administration a run for its money in the next federal election. The pro-crypto politician reportedly won the leadership of the Conservative Party of Canada in a landslide victory on Sept. 10, securing 68.15% of the electoral points up for grabs, an far outpacing his nearest opponent Jean Charest who received just 16.07 % of the vote.Poilievre has been a member of the Conservative Party since 2003, first winning office in the 2004 election. He has since served as a Member of Parliament for seven terms and held various roles including Shadow Minister for Finance and Minister of Employment and Social Development. Poilievre has been known as a supporter of crypto and Bitcoin (BTC), advocating for more financial freedom through tokens, smart contracts, and decentralized finance.His latest appointment means that Canadians may be able to eventually vote for a pro-crypto Prime Minister in the 2025 federal election, which is set to take place on or before Oct. 20, 2025, to determine who will be the 45th Canadian Prime Minister. Earlier this year, Poilievre urged the Canadian public to vote for him as leader to “make Canada the blockchain capital of the world,” adding:“Let people take back control of their money from bankers & politicians.”Let people take back control of their money from bankers & politicians.Expand choice, lower costs of financial products, create thousands of jobs.Get your membership. So you can vote for me as leader. To make Canada the blockchain capital of the world: https://t.co/d9I1ky9w2t pic.twitter.com/qQrJct9gKK— Pierre Poilievre (@PierrePoilievre) March 28, 2022In March, YouTube channel BITCOIN posted a video of Poilievre at a Tahinis Restaurant during his leadership election campaign talking about his support for crypto, saying: “We must keep cryptocurrencies legal.””People should have the freedom to choose other money. If the government is going to abuse our cash, we should have the freedom to use other, higher quality cash.”He also briefly spoke about ideas to simplify crypto taxes, rules and regulations so there was a consistent law across Canada. In the same video, he bought chicken shawarma using the Lightning Network.However, Poilievre has offered very few specifics on how his party would implement the regulation and adoption of crypto if they unseat current Prime Minister Justin Trudeau’s Liberal party.The Conservative Party of Canada currently holds 16 out of 105 seats in the Senate and 119 out of 338 in the house of commons, while Trudeau’s Liberal government has a minority government with 160 seats in the house of commons. To form a majority government requires at least 170 seats in the house of commons. Related: Canadian PM candidate supports freedom to use Bitcoin as moneyCanada made its foray into the global digital asset space when its Parliament passed a national law on digital currencies in 2014. The Canadian regulatory council also created a new preregistration filing for crypto platforms in August of this year. Only a relatively small number of Canadians currently hold BTC, according to the Bank of Canada Financial System Review released in June 2022 — with about 13% of Canadians owning some in 2021, up from 5% in 2020.

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Aussies already lost $242M to investment and crypto scams in 2022

Aussies already lost $242M to investment and crypto scams in 2022

Uverejnil používateľ | sep 12, 2022 |

Australians have continued getting duped by investment and crypto-related scams, losing 242.5 million Australian dollars to scammers so far in 2022, according to Scamwatch’s latest data. From January to July of this year, the majority of all funds lost to scams of all types were investment scams, which range from romance baiting scams to classic Ponzi schemes and cryptocurrency scams.The figure is already 36% higher than the figures across all of 2021, which revealed that Australians lost 178.2 million AUD to investment scams in the year.Source: ScamwatchIt’s a threat that has prompted consumer advocates to push for banks to shoulder more responsibility for reimbursing scams to “drive greater investment in stopping fraud.” According to a Sept. 8 report from the Australian Broadcasting Corporation (ABC), advocacy groups are pushing for reforms requiring banks to check the recipient’s name matches the account name when money is transferred online. “The key reform is to shift that liability from individual consumers to banks when it comes to scam losses,” Consumer Action Law Centre chief executive Gerard Brody said.”They [banks] ask you for the account name, but they don’t actually check.”However, banks want more customers to take up the optional PayID technology, which allows customers to see the name attached to a BSB and account number. Brody said it was clear the optional system forcing consumers to be solely responsible for preventing scams isn’t working.Australian authorities appeared to have stepped up scrutiny over the crypto space amid a rise in crypto scams, hacks, and the general market downturn. On Sept. 11, Australian Securities and Investments Commission (ASIC) commissioner Sean Hughes reportedly urged investors to understand that investing in crypto assets is a form of “extreme risk-taking.””We want to be very clear and unambiguous in our messages to consumers entering the market,” ASIC commissioner Sean Hughes told a Governance Institute conference, as reported by local media, adding:”We think that crypto assets are highly volatile, inherently risky and complex.”In August, the Australian Federal Police set up a dedicated team to monitor crypto-related transactions, after previously calling cryptocurrency an “emerging threat” amid a rise in criminal activity surrounding the technology. Related: ‘Far too easy’ — Crypto researcher’s fake Ponzi raises $100K in hoursThe month also saw the new Australian Labour government announce its stance on crypto regulation, while crypto exchange Binance Australia also announced in August they were tightening the onboarding processes for new users to protect people flagged as most vulnerable to financial crypto crime.

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Google gets in on Ethereum Merge excitement with nifty easter egg

Google gets in on Ethereum Merge excitement with nifty easter egg

Uverejnil používateľ | sep 12, 2022 |

As a sign of support for the upcoming Ethereum Merge, tech juggernaut Google is marking the time left until the upgrade with a new countdown timer. Typing any variation of “Ethereum Merge” or “The Merge” into the search engine shows a countdown ticker, with the estimated time left until the Merge based on the current difficulty, hash rate, and merge difficulty.Off to the side is a cartoon of two happy pandas running toward each other with outstretched hands, which supposedly will get closer as the Merge date draws nearer. A screenshot of the countdown at the time of writing. Source: GoogleGoogle Cloud developer Sam Padilla in a Sept. 9 tweet said the timer was “a fun little surprise” and a way to show their appreciation of “the work that has been going into this for years.” He said the work was done by Google’s search and labs team, but noted that he helped “kickstart” the idea and discussion that led to the timer being implemented. In the same post, Padilla explained the timer is directly connected to the blockchain, updating the countdown in real-time, stating:”The underlying data is getting pulled directly from the blockchain via some of the nodes we run.”He also hinted that pandas get closer as the Merge date approaches, but made a tongue-in-cheek statement, saying: “But you didn’t hear that from me.” Bear with me. https://t.co/jETQpNydLG#TheMerge#EDCON2021 pic.twitter.com/qSai2Di127— Hsiao-Wei Wang (@icebearhww) August 29, 2021Google is increasingly becoming involved in the crypto space, with the company establishing a Web3 team under Google Cloud on May 6. However, Google developers are not the only ones watching the Merge with keen interest. Recent Google search data has revealed that searches for the term “Ethereum Merge” generated a score above 50 several times over the last 30 days, reaching a peak of 100 on Sept. 3.Search trends for the term “Ethereum Merge” Source: GoogleA value of 100 is classed as “peak popularity for the term” while a value of 50 means the term is “half as popular”. A score of 0 means there was not enough data for that day.Related: Ethereum ready for The Merge as last shadow fork completes successfullyMeanwhile, a recent report by CoinGecko found Singapore as the country most interested in the upcoming Ethereum Merge, followed by Switzerland and Canada, Germany, the United States and the Netherlands.Rankings were determined by analyzing the frequency of ten search terms, including “Ethereum Merge,” “ETH Merge”, and “Ethereum PoW,” then combining them for the overall ranking.

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