Ethereum is frequently characterized as a foundation for self-executing smart contracts. While this is unquestionably accurate, this article contends that, especially when intricate systems are involved, it resembles a courtroom with astute lawyers and a judge who is not particularly bright, or more formally, a judge with limited computational capabilities. We will explore later how this perspective can be utilized to craft highly efficient smart contract frameworks, enabling cross-chain token transfers or computations like validating proof of work to be executed at minimal expense. The Court Analogy To begin with, you are likely aware that a smart contract on Ethereum…
Autore: wsjcrypto
It is often said that journalists never genuinely punch out. However, for Christian, this sentiment extends beyond a mere figure of speech; it represents a way of life. During daylight hours, he traverses the constantly evolving landscape of the cryptocurrency market, employing language with the finesse of an experienced editor and creating pieces that translate complex terminology for the general public. Yet, when his computer enters sleep mode, his interests take on a more mechanical (and at times philosophical) direction. Christian’s adventure with written language commenced long before the Bitcoin era. Within the esteemed walls of educational institutions, he refined…
Preliminary assessments suggest that incense sourced from cinnamon bark, almaciga, and pili resin includes chemical substances that might effectively deter mosquitoes, Ms. Florena B. Samiano, head of the Institute’s Flavors and Fragrances from the Forest Technology Program (F3TP), stated during an interview. Related Article: https://www.bworldonline.com/health/2025/02/28/656336/dost-eyes-potential-use-of-cinnamon-pili-based-mosquito-repellent/ Interview conducted by Edg Adrian Eva Video Edited by Arjale Queral Source link
Announcement: We have launched version 1.3.5 featuring a networking hotfix for homestead 1.3.4. The development of Ethereum commenced in December 2013 when two programmers and a university dropout researcher decided to collaborate and create this remarkable technology. Later, we were joined by numerous like-minded individuals. Our initial Proof of Concept (PoC) was presented on February 1, 2014. By the time we initiated our crowdsale on July 23, we had reached PoC 5 with a protocol that was nearly complete and had established compatibility across various clients. The team was thrilled when we obtained our first million, then our second and…
Financial losses due to crypto frauds, breaches, and hacks reached approximately $1.53 billion in February, with the $1.4 billion Bybit breach constituting the majority of the losses, as reported by blockchain security company CertiK.The attack on Bybit by North Korea’s Lazarus Group on February 21 marked the most significant crypto hack to date, surpassing the $650 million Ronin bridge breach from March 2022, “which was also executed by Lazarus,” CertiK indicated in a post on X dated February 28 .The lost crypto in February signifies an astonishing increase of nearly 1,500% compared to the $98 million reported by CertiK in…
White House AI and cryptocurrency authority David Sacks has acknowledged that he does not possess any cryptocurrency holdings, having divested all assets before US President Donald Trump’s swearing-in. “I sold all my digital currencies (including BTC, ETH, and SOL) before the administration commenced,” Sacks stated on X on March 2.His remarks were in reaction to a Financial Times piece circulated by George Hammond on March 2, indicating that his investment firm, Craft Ventures, holds shares in a “limited number of crypto startups.” “According to an informed individual, both he [Sacks] and the firm divested their direct cryptocurrency investments shortly after Trump’s…
Following an extra two months of effort post the launch of the initial Python proof of concept release of Serenity, I am delighted to reveal that Serenity PoC2 is now accessible. While the release remains a considerable distance from a testnet-ready client, let alone a production-ready one, PoC2 introduces several significant advancements. Primarily, the aim of PoC2 was to execute the entire protocol, covering the fundamental corner cases (slashing stakes and deposits), ensuring that we understand every aspect of the protocol and witness it in operation, albeit in a highly limited test environment. This objective has been accomplished. In contrast…
Bitcoin extraction is a demanding venture. When one contemplates allocating financial assets to extract conventional resources like gold, copper, or oil, surveying for those assets in the field occurs beforehand to guarantee that any funds directed into a mining endeavor will not be wasted. However, due to the inherent characteristics of Bitcoin’s security protocol, miners cannot survey for anything, as discovering a block is entirely a statistical and random occurrence. With only 144 blocks available each day, there is no assurance that a miner’s efforts will yield rewards promptly without considerable variability, unless the miner possesses a substantial amount of…
By Luisa Maria Jacinta C. Jocson, Correspondent HEADLINE INFLATION is likely to have eased in February owing to the drop in prices of rice and other essential goods, according to analysts. A BusinessWorld survey of 18 analysts carried out last week revealed a median prediction of 2.6% for the February consumer price index (CPI). This figure falls within the Bangko Sentral ng Pilipinas’ (BSP) forecast of 2.2%-3% for the month. If actualized, February inflation would be lower than January’s 2.9% and the 3.4% rate of the same month in 2023. This would mark the lowest monthly figure in four months,…
Ethereum’s existing dependence on Proof of Work (PoW) mining is less than optimal, and although we continue to strive earnestly towards a Proof of Stake solution (PoS), we must manage PoW as gracefully as we can (at least until the eventual transition!). In the meantime, promoting overall network health necessitates mining decentralization and diversity as a clear priority: Although there exist some examples of available open-source Ethereum pool mining software, the adoption has been minimal, and there seems to be a considerable efficiency disparity between proprietary solutions and available open-source options. We aim to rectify this. As of now, the…