According to Foundation researcher Justin Drake, the code specifications for the first phase of ’s transition to a proof-of-stake (PoS) network will be finalized by the end of June. Such specifications will show developers how to work on ’s next-generation .
has been looking towards a major upgrade, dubbed 2.0, which will update how the network creates blocks and verifies transactions.
According to founder Vitalik Buterin, the new version of will have two major flagship components. “One is Casper, which is our proof-of-stake algorithm which replaces …with something that we consider to be much more efficient,” Buterin said during the conference ETHCapetown . “The second part is sharding which is this massive scalability improvement which happens because you don’t need every computer in the network to process every transaction in the network anymore.
By updating the network the team at is confident that they can process transactions 1,000 times faster than the current speed.
Smart Dubai uses for Data Storage
Smart Dubai, an ambitious technology project that aims to transform the lives of the Dubai residents, has partnered with Outlier Ventures, a company that is using the latest technologies available such as AI, and to build the world’s first decentralized data architecture.
The United Arab Emirates recognize data as the world’s first limitless asset, this means that finding new ways to organize data, using decentralized platforms will not only be secure but also will set the country on a shortcut to accelerate its digital transformation journey.
Under the current standards, the management and monetization of data are often being done by centralized companies which make them very vulnerable to cyber threats, not to mention lack of transparency and privacy from the side of the user.
By using these new methods users will be able to manage, monetize and secure their data, without giving away the benefits of data sharing which is something that benefits both the user, private companies, and of course governments.
Hacked?
one of the most important and trusted exchanges in the space has been hacked a few hours ago due to a security breach, with the hackers tacking over 7,000 or ~ $41 million at today’s price ($5,950).
According to CZ, CEO of , the company will use the #SAFU fund to cover this incident in full. No user funds will be affected. However, withdrawals and deposits will be paused until further notice.
Even Justin Sun, the creator of (TRX), has offered to deposit 7,000 worth of to support .
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Published at Wed, 08 May 2019 11:03:38 +0000
![Bitcoin [btc] distances itself from altcoins; year-on-year gain higher than competing coins](https://ohiobitcoin.com/storage/2019/05/Screen-Shot-2019-05-14-at-12.29.15-PM.png "Bitcoin [btc] distances itself from altcoins; year-on-year gain higher than competing coins")
