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The imminent Forcella di Costantinopoli and the Bitcoin forks are subject to strong tensions in the communities. Firefox will block encryption scripts in the future, while Coinbase will send its cold room to a Faraday cage. The Tech echo.
From a technical point of view, last week was dominated by hard forks and registry updates: the Ethereum community enthusiastically discussed the upcoming Forcella di Costantinopoli. The announced division between Bitcoin Cash / ABC and Bitcoin SV was also the dominant topic in the Bitcoin cash community. In addition to these topics, a critical analysis of the mining producer Bitmain is at the heart of the current Tech Echo. We will also analyze a program of incentives in the Storj network and chain-controlled robots in Walmart logistics centers.
Bitcoin: news on Light Client and ZAP
First, Bitcoin. It is worth mentioning that the BIP158 is now part of the main code. BIP158 is a proposal to implement a new type of Light Client defined in BIP157. Previous lighting clients have been developed on the basis of BIP37, but have some security issues. So they are quite susceptible to DoS attacks. The idea is to minimize the required bandwidth using so-called deterministic filters. BIP 158 defines these filters and is a central element with which BIP137 can be implemented.
There is a new version of ZAP Wallet for the Lightning network. The most important innovations are the introduction of automatic updates and the preparation of internal architecture for things like Neutrino, a Bitcoin client focused on privacy.
Ethereum and Bitcoin Cash: Two Hard Forks and Bitcoin Cash Stress Test
The Constantinople Hard Fork is part of the Metropolis update and is scheduled for October. But not everything is easy: how does the Difficulty Bomb continue, which is connected with the planned change from the Post-Test to the Pole Test? How should the miners' incentive towards Casper be regulated? An analysis of the debates surrounding the next hard fork shows the difficulty of bringing with it the various stakeholders of the Ethereum network.
While the situation of Ethereum is tense, Bitcoin Cash is moving in the direction of a division of the chain. The bitcoin ABC Hard Fork scheduled for November is not supported by Craig Wright or nchain. Instead, nchain supports a new customer called "Bitcoin SV" ("Satoshi Vision"). An article tries to explain the different procedures with the different administrations.
However, there is also good news from the Bitcoin Cash network: the announced Bitcoin Cash Stress Test took place on Saturday, September 1st. This was important for the money of the Bitcoin community because they wanted to show that without Lightning Network or other off-chain solutions could scale much better than Bitcoin. Two million transactions have been processed on this day as part of this stress test. This has significantly exceeded the number of on-chain transactions on bitcoin blockchain and has also exceeded the previous maximum of XRP transactions (1.7 million) from January of this year.
More on Altcoins: Incentive Program for Storj and News on Loom Network [19659004] Something has changed in the technical environment for smaller coins: Storj, the decentralized cloud network, has launched a incentives. The Storj Open Source Partner Program is designed to support cloud data storage projects. In addition, the Storj development team announced that the waiting V3 network is now in a private alpha state. The goal of this update is to improve the scalability of the Storj network.
Loom Network is a cryptographic currency known for the Zombie Battleground digital collectible card game. The system allows the creation of scalable blockchain-based games and social networks. Recently, the development team announced that the Loom Network now works with three sidechains. PlasmaChain is the place where collectible objects are stored and is based on concepts such as plasma and the ERC721 standard. GamceChain is a sidechain in which all the game mechanisms are stored. Finally, the social chain is a chain through which the community can interact with a dApp.
New developments in the blockchain sector: Blockchain-based robots, Bitfis Wallet hackerable and still IPO of Bitmain
Walmart is building an army of robots. You may get this impression if you read the patent recently accepted by Walmart. It is about the authentication of the robots. Walmart is working to automate the logistics market. These robots are welcome in pots for hackers, which is why Walmart wants to protect interaction with robots through a block chain.
Bitfi was often in the news. The statement of having created a non-routable portfolio was obviously too risky: in a short time the reports of various successful hacks increased. Meanwhile, the company around cryptoguru John McAfee has also admitted security vulnerabilities and announced the hiring of security experts.
The IPO of Bitmain is on everyone's lips. Can the IPO keep the company at the forefront of the mining industry? An article by Allen Guo, on samsonmow.com, expresses concerns about it. According to the article, the company has not been able to show any innovation for several years: fatal for chip makers. Regardless of how you feel about Bitmain, this article is an interesting introduction to the mining industry.
Illegal cryptomining is still a problem. Firefox has recognized it and now wants to block the corresponding scripts. Firefox follows the Opera browser and Google's efforts to block software and scam plug-ins in the Google App Store. The success of these efforts remains to be seen, since the hacker scene does not sleep. First of all, the next Firefox Nightly Build contains a corresponding blocker script that, if the tests are successful, should be implemented in Firefox version 63.
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