News Distributed Digest: Friday, February 1, 2019

Distributed Digest: Friday, February 1, 2019

-

- Advertisment -

Ethereum core devs want miners to vote on ProgPoW, Cosmos’ Game of Stakes testnet to oust a cartel with 53 percent of the voting power, and Gitcoin experiments with liberal radicalism.

Your daily distillation of crypto news for Friday, February 1, 2019:

ProgPoW Audit and Vote

During today’s Ethereum core devs call, the developers decided to (1) conduct a third-party audit (possibility two or three) of ProgPoW to answer some outstanding questions and (2) ask miners to vote for or against the proposal using the extraData field. The recently formed Ethereum Cat Herders will facilitate the audit.

Key ProgPoW advocate Kristy-Leigh Minehan expressed satisfaction with the decision to let miners vote using the extraData field. “This is exactly what mining was meant for – one GPU, one vote,” she tweeted. “Whether or not [ProgPoW] gets adopted, this will go down in history as one of the coolest decisions of all time.”

Cosmos Cartel Busted

A “cartel” was recently discovered on Cosmos’ Game of Stakes (GoS) testnet, according to a January 31 Medium post from Leopold Schabel. Around 53 percent of the game’s voting power appears to be concentrated within “a single, densely connected network running with a single provider.”

Through some data analysis, several pieces of evidence were uncovered pointing to the presence of a cartel. For one, there was an unnaturally high number of genesis transactions on the nascent testnet originating from the cloud provider DigitalOcean. Upon further review, the registrations from these nodes occurred within a short window with regular spacing between them, which suggests “a highly coordinated effort.” Schabel said it was “clear that someone successfully executed a sybil attack” on the game’s registration process.

Since GoS is a proof-of-stake experiment, the team waited for a censorship attack to happen and did not let on that it was aware of the supposed cartel – such an attack would provide valuable research insights. But an attack did not occur. It was then decided that a community fork to oust the cartel would be the best option to pursue.

Gitcoin Gets Radical

Vivek Singh of Gitcoin today announced its “first formal experiment” with a liberal radical donation-matching system. Referred to by Gitcoin as capital-constrained liberal radicalism, the mechanism uses a formula (“the square of the sum of the square roots of contributions”) to provide projects that have more contributors with a larger donation match.

In Gitcoin’s first run, the group will match crowdfunded donations to its Gitcoin Grants platform up to $25,000 worth of Ether. Gitcoin plans to announce the projects that receive the most funding at the ETHDenver hackathon on February 15.

Dani is a full-time writer for ETHNews. He received his bachelor’s degree in English writing from the University of Nevada, Reno, where he also studied journalism and queer theory. In his free time, he writes poetry, plays the piano, and fangirls over fictional characters. He lives with his partner, three dogs, and two cats in the middle of nowhere, Nevada.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Core devs, Ethereum or other Ethereum technology news.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Crypto can’t thrive in the real world – but stablecoins can

We can safely say that the hype about cryptocurrencies is pretty much over. The claims of Bitcoin...

How to double your crypto

Most of us have a small gambler deep inside our souls. We love to feel the thrill...
- Advertisement -Distributed Digest: Friday, February 1, 2019

Cryptocurrency Top Security Risk Concerns: What You Can Do to Protect Your Crypto

A report by CipherTrace revealed that in the first half of 2019, criminals and fraudsters stole more...

How has Bitcoin of America Changed the Cryptocurrency Industry?

Who is Bitcoin of America? Bitcoin of America is a U.S. based digital currency...

Must read

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when...
- Advertisement -Distributed Digest: Friday, February 1, 2019Distributed Digest: Friday, February 1, 2019

You might also likeRELATED
Recommended to you