Crypto exchanges are shedding tethers by the million, and millions of USDT are ending up at Bitfinex. From there, they are taken out of circulation.Continue Reading
From one of the main Ethereum clients, to Polkadot to Substrate; Parity has become exceptional at developing successful open-source blockchain projects. Their latest effort Substrate provides a framework to easily create custom blockchains. Building on cutting-edge technologies like Web Assembly, Substrate also offers automated on-chain upgrades.
We were joined by Gavin Wood, who was previously co-founder and CTO of Ethereum and founded Parity. We talked about the early Ethereum days, how Parity got started, Substrate, Polkadot and his views on on-chain governance.
Topics discussed in this episode:
- The genesis story of Ethereum
- Why Gavin prefers reasoning from first principles to reading
- How Parity shunned Silicon Valley principles to build an developer-driven company
- Why they decided to work on a scalable blockchain from scratch instead of improving Ethereum
- An overview of Substrate
- The relationship between Substrate and Polkadot
- How Substrate allows switching consensus in a live blockchain
- Why Ethereum’s governance process is centralized
- Polkadot and the case for on-chain governance
Links mentioned in this episode:
- Parity Technologies Website
- Polkadot Website
- E199 – Peter Czaban – Polkadot: The Internet of Blockchain Networks
- Substrate: A Rustic Vision for Polkadot by Gavin Wood at Web3 Summit 2018
- Substrate in a nutshell
- What is Substrate?
- How Polkadot tackles the biggest problems facing blockchain innovators
- Substrate testnet launched
- Epicenter episode from 2014 with Gavin Wood about Ethereum & Ether Sale
- Azure: Deploy enterprise-ready consortium blockchain networks that scale in just a few clicks
- Toptal: Simplify your hiring process & access the best blockchain talent’ ‘” Get a $1,000 credit on your first hire
Support the show, consider donating:
- BTC: 1CD83r9EzFinDNWwmRW4ssgCbhsM5bxXwg (https://epicenter.tv/tipbtc)
- BCC: 1M4dvWxjL5N9WniNtatKtxW7RcGV73TQTd (http://epicenter.tv/tipbch)
- ETH: 0x8cdb49ca5103Ce06717C4daBBFD4857183f50935 (https://epicenter.tv/tipeth)
This episode is also available on :
Watch or listen, Epicenter is available wherever you get your podcasts.
Epicenter is hosted by Brian Fabian Crain, Sƒbastien Couture, Meher Roy & Sunny Aggarwal.Continue Reading
Here’s what happened this week in Bitcoin in 99 seconds. Crypto markets remain steady this week. Markets were largely unchanged from last week, with Bitcoin holding the $6,400 level, Ethereum keeping its $200 level, XRP steady at 45 cents and BCH holding the $440 range. The total crypto market cap is now at around […]Continue Reading
n nn nn On October 30, 2018, Storj Labs released a public alpha for their version 3 V3 platform enabling developers and companies to test their decentralized cloud storage solution. The team also shared an updated white paper featuring their latest research on decentralized and distributed systems in cloud storage.Decentralized Cloud Storage RefresherDecentralized cloud storage solutions like Storj enable users to securely store their data on decentralized cloudsContinue Reading
Prague-based crypto exchange Changelly announced that it helped South Korean exchange Bithumb recover over 1 million XRP following a massive hack in June.
Prague-based crypto exchange service Changelly has announced that it helped South Korean exchange platform Bithumb recover 1,063,500 Ripple (XRP) in stolen assets following a massive hack in June, a press-release stated, Oct. 26.
In June 2018, hackers attacked South Korea’s leading crypto exchange Bithumb. As soon as security specialists had detected the theft, the exchange temporarily suspended all deposits and withdrawals, and moved its customers’ funds to a cold wallet.
Bithumb initially lost over $30 million worth of cryptocurrencies due to the hack. Four months after the incident, Bithumb recovered approximately $14 million in stolen digital assets after it collaborated with global counterparts.
According to Ilya Bere, CEO of Changelly, the service quickly cooperated with Bithumb and the South Korean police to offer its help. The company implemented Anti-Money Laundering (AML) procedures targeting several malicious addresses recognized by Bithumb and prevented transactions from going through the application program interface (API).
As a result, Changelly managed to capture a significant amount of cryptocurrency with a suspicious origin and keep the funds secured. The recovered funds were worth about $585,000 at the time of the hack, according to the press release. Bere further explained that the case could serve as an example of industry-wide engagement:
“This case sets a precedent for how the joint work of the key players in the cryptocurrency market can positively affect the industry, bringing security improvements to the crypto-trading projects.”
The Bithumb hack is one of the largest of 2018 so far, with the price of Bitcoin (BTC) dropping by $200 soon after. The incident is only surpassed by the attack on Japanese exchange Zaif, which resulted in the theft of around $59 million worth of cryptocurrencies in September.Continue Reading
A bitcoin trader from California has pleaded guilty to operating an unlicensed money transmission business and now faces up to five years in prison.Continue Reading
n nn nn South Korean cryptocurrency exchange GOPAX has become the first blockchain company to attain K-ISMS certification, the official standard in Korea for information security management systems. This is an important sign of approval by the Korean government regarding GOPAXs cybersecurity infrastructure.K-ISMS certification is an official domestic standard regarding the establishment, management and operation of information security systems for selected industrContinue Reading