Developers of the private transactions cryptocurrency PIVX replied to crypto consulting firm Lunar Digital Assets regarding claims its blockchain was vulnerable to a bug. In a reply published on Aug. 13, PIVX developers addressed claims made by Lunar Digital Assets CEO Han Yoon. They argued that there has been no resurgence of attacks on its proof-of-stake (PoS) algorithm, and that neither PIVX nor its users’ funds are at risk. According to the post, PIVX fixed its “fake stake” exploit in February, and its network stability and chain trust are not currently compromised. However, the post did note that there is …

The Icon Foundation, the group behind the Icon blockchain network, is giving away 3 million ICX tokens — worth ~$570,000 — in anticipation of its upcoming Public Representative (P-Rep) elections. The giveaway will last from Aug. 26 to Sept. 24 for IXC token holders who opt to participate in P-Rep voting. Icon shared news of the giveaway in a press release on Aug. 13. According to the announcement, the giveaway is an effort to promote community involvement in the so-dubbed P-Rep elections, and to advance decentralized control of the network. As per the announcement, ICX holders must participate in voting …

Enterprise-grade blockchain platform Nuls and cross-blockchain layer-2 network Aleph have jointly completed testing of a new staking service dubbed staked coin output (SCO), which applies a new type of reward model. Per a press release published on Aug. 13, the new service allows community members to stake tokens to receive tokens from other projects building on the Nuls platform. Those who own NULS tokens can choose how they want to receive rewards earned for participating in consensus as validation nodes. The release explained: “Every NULS staker must hold 2,000 NULS because staking nodes validate blocks, while the NULS consensus nodes …

Private transactions cryptocurrency PIVX and over 200 other blockchains are vulnerable to attackers obtaining disproportionately high staking rewards. A major staking vulnerability Cryptocurrency consulting firm Lunar Digital Assets claimed in a post published on its website on Aug. 12 that a staking vulnerability is being used across PIVX and its forks. The weakness reportedly allows the attacker to obtain mathematically impossible staking rewards on vulnerable proof-of-stake (PoS) chains. According to the post’s author, the PIVX development team claimed to have solved the issue in January. Nonetheless, a core developer of PoS altcoin BitGreen (BITG) noticed that the vulnerability in question …

Major cryptocurrency platform Coinbase is adding the Algorand protocol’s eponymous token to its professional-targeted trading platform Coinbase Pro on Aug. 14. Coinbase announced this latest addition in an official blog post on Aug. 9. The cryptocurrency exchange will scale up to full Algorand (ALGO) trading in four steps: transfer-only, post-only, limit-only and full trading. The announcement also recalls some other common procedures for adding a new token to its platform, which include announcing the onboarding phases as they occur on Twitter and that they will provide immediate support for Algorand in every supported jurisdiction with the exception of New York. …

INDX, the Tokenized Masternode Investment Fund, has calculated the top-10 proof-of-stake (PoS) blockchains based on the expected yield of their tokens. The company did this by quantifying the volatility, volume, liquidity, risk and integrity. The tokens appear in order, from one to 10, based on the expected yield, as predicted by INDX’s proprietary algorithm. Related: Crypto Dividends: Staking Coins for Gains Potentially a Good Strategy in a Bear Market But is Not Without Risk Proof-of-stake is a consensus method that states a person can mine or validate block transactions in accordance with the number of coins he or she holds. …

The development team behind proof-of-stake (PoS) blockchain Solana received $20 Million in funding, according to a press release shared with Cointelegraph on July 30. Solana claims to be first web-scaled blockchain Per the release, the funding round was led by Multicoin Capital, with participation from Distributed Global, Blocktower Capital, Foundation Capital and Blockchange VC, among several other companies. Solana claims that the platform is the first web-scale blockchain, since they believe it to be the first solution capable of hosting applications with computational bandwidth akin to the modern internet. Per the press release, the Solana network can support 50,000 transactions …

Ethereum co-founder Vitalik Buterin has proposed to using the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The programmer introduced a summary of the idea in a July 13 post on the Ethereum Research. As previously reported, the Ethereum network has experienced some scalability issues, with its native blockchain capable of processing as few as 15 transactions per second (TPS), while its major competitor Ripple is reportedly estimated to have a TPS capacity of 1,500. As such, the Ethereum community has been working on Ethereum 2.0, a major network upgrade that is expected to improve its …

Recently, new materials surfaced about the lite client for the Telegram Open Network (TON) blockchain, powered by encrypted instant messaging service Telegram. Based on the content of these documents, it is possible to make a lot of assumptions about its future, especially in regard to comparing TON with competitors — such as the Cosmos network, Polkadot and Ethereum 2.0 — as well as the overall impact of the blockchain ecosystem. Polkadot, Cosmos and TON will definitely compete for users and developers. Moreover, in 2019, every blockchain really needs to have a lot of use cases built on it in order …

On May 30, Tezos implemented the amendment Athens A, as the result of a voting process that involved its baker nodes (the Tezos equivalent of “miners”) from Feb. 28 to May 30. Although the actual relevance of the upgrade was quite small (see below), the Tezos community underlines that the test was a milestone. The smooth shift to Athens A indeed demonstrated the capability of Tezos to evolve without forking, thanks to the features of proposal/selection/voting/test/implementation this blockchain itself encompasses. On the very same day, another fast-growing young company backed by a cryptocurrency, Iota, announced an important step toward total …

How does the EOS governance model fit in with the blockchain ethos of decentralization? In the past, the EOS network has been forced to answer to allegations regarding this very question. In October 2018, when the EOS mainnet was only active for five months at that point, Block.one CEO Brendan Blumer released a statement in response to a report that accused the major Block Producers of collusion and mutual voting. In the statement, Blumer pointed to the infancy of the EOS network and made no effort to deny the claims — although also not confirming them. “We are aware of …

Ethereum (ETH) co-founder Joseph Lubin said that the Ethereum blockchain will become about 1,000 times more scalable in 18 to 24 months. Lubin made his remarks during an interview with Cointelegraph on May 11. Lubin specified that the development which will bring such a drastic scalability increase to the ecosystem will be Ethereum 2.0, also called Serenity. He explained that the development is divided into four phases and that eight groups are already developing clients for the new chain. Lubin also promised: “In a small number of months, we should have a fully operational testnet and possibly, by the end …