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Bitcoin leads coin market surge, David Schwartz on Ripple and XRP and more

Bitcoin leads coin market surge, David Schwartz on Ripple and XRP and more

Daily Crypto News – April 2

1) Binance Exchange’s UI crashes: Following the surge in trade activity due to the bitcoin price hike, Binance exchange was crippled by a major technical issue, with users reportedly being unable to log into the exchange after its UI crashed.

Read more at //bit.ly/2Usz2Fv

2) SEC to hire a crypto-specialist: The Securities and Exchange Commission [SEC] has ramped up its focus on the digital currency industry and is now looking for a “crypto-specialist” to advise the regulator body on legal issues.

Read more at //bit.ly/2OFiggX

3) Coinbase’s new cross-border payments: Coinbase announced that XRP, the second largest altcoin in the market and the exchange’s stablecoin USDCoin [USDC] can now be used for cross-border payments with no applicable fee on the transfer.

Read more at //bit.ly/2UgBEat

4) Ripple joins INATBA: The International Association for Trusted Blockchain Applications [INATBA], has announced that Ripple will be included as a founding member of its organization.

Read more at //bit.ly/2YIJUhW

5) Bithumb attack update: ChangeNOW Exchange announced that it “managed to stop a solid number of EOS and XRP exchanges” that the hackers were trying to make through it.

Read more at //bit.ly/2UdJ4uK

6) Tron Foundation on regulations in Japan: The Foundation stated that Tron has been striving to promote blockchain technology and diversify DAPPs on its platform while adhering to local laws and regulations across the globe.

Read more at //bit.ly/2uOXe6N

7) Huobi Global faces service disruption: According to a recent report, some users of the Singapore-based digital assets exchange, Huobi Global, were allegedly not able to cash in on the sudden spike after the exchange faced several service disruptions.

Read more at //bit.ly/2UtLWD6

The post Bitcoin leads coin market surge, David Schwartz on Ripple and XRP and more appeared first on AMBCrypto.

Published at Wed, 03 Apr 2019 10:11:43 +0000

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177 – Jason Teutsch & Christian Reitwiessner: TrueBit, Scalable Off-Chain Computations for Ethereum

Support the show, consider donating:BTC: 1B9JXncTuGtZx2yUTUjHXWDjugvkjtBQrw (http://bit.ly/2olzP8m)ETH: 0x8cdb49ca5103Ce06717C4daBBFD4857183f50935 (http://bit.ly/2nKneP1)

bitcoin and Ethereum miners collectively make up what is perhaps the most powerful computational resource in the world. However, mobile phones from the early 2000’s could arguably run more complex operations than these networks combined. While blockchains themselves may never reach the level of computational power of modern computers, they may be leveraged as the underlying verification layer for centralized computing.

We’re joined by Jason Teutsch and Christian Reitwiessner. They are the co-authors of a visionary whitepaper which describes Truebit. This protocol would allow complex computations to be executed on off-chain systems while being validated by Ethereum miners. The results of these computations would consequently be available to on-chain smart contracts. Truebit makes clever use of proof systems and game theory to build a protocol where a Task Giver can ask a third party, the Solver, to execute a complex computation in exchange for a reward. Not limited to Solidity, these could be executed in traditional languages such as Go, Python or C++. Verifiers could then challenge the results, incentivising the Solver to be honest or see his reward be stripped away. This incentive structure would guarantee fast and reliable results while eliminating the need for a trusted third party.

Topics discussed in this episode:

  • Jason and Christian respective backgrounds in the ecosystem.
  • The core problem being addressed by Truebit
  • Why a scalable decentralized computational resource is desirable
  • How Truebit makes use of proof systems and game theory to enable trusted computations off-chain
  • How the verification game works the incentive structures proposed in Truebit
  • The various use cases for Truebit
  • How Truebit could allow for blockchain interoperability without the need for “”blockchain of blockchains”” type networks

Links mentioned in this episode:

Sponsors:

  • Jaxx: Wallets that Unify the Blockchain Experience Across Devices – http://jaxx.io

This episode is also available on :

Watch or listen, Epicenter is available wherever you get your podcasts.

Epicenter is hosted by Brian Fabian Crain, S?ƒbastien Couture & Meher Roy.

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