From a scaling conference for Bitcoin to a new take on the biggest roadblock in blockchain, here’s a look at some of the stories breaking in the world of crypto.
A huge collection of videos from the Scaling Bitcoin 2018 conference just dropped.
The conference took place in Tokyo, Japan from October 6 – 7. You can check out the videos here.
The Ethereum-focused development studio ConsenSys says the biggest roadblock to mass adoption of cryptocurrency is not whether the tech can scale to handle large numbers of transactions.
A powerful new blog post points to ‘sharing’ as the biggest issue keeping blockchain from moving forward at a faster pace.
“Across all enterprises, this tepid attitude towards sharing is common. Capitalism is built off competition. Success often hinges on having something your competitor does not. In the blockchain space, we often talk about how today’s world operates in a ‘scarcity mindset.’ We have been trained to believe there is ‘not enough’ to go around; that we must hoard and protect in order to ensure our (or our businesses’) success in a competitive market.
Blockchain technology — specifically, the creation of consortia that operate on a single, multi-stakeholder platform — requires entities to share with one another. Share standards, data, tech protocols, governance models, and more. Breaking down the walls of siloed ‘proprietary’ information in order to share that information with competitors is known as coopetition. It is a behavior more than a technique, and one that enterprises remain hesitant to adopt.”
Ripple and XRP
Regulators at Ripple’s recent Swell 2018 conference in San Francisco are upbeat on the future of crypto and blockchain regulation.
Richard Teng, a policy maker at the regulatory authority of the Abu Dhabi Global Market (ADGM), said regulators around the world are getting comfortable with the emerging technology.
“If you look a year ago, I think most global regulators had the view that this asset class might go away. In the last three to six months, I’d say there’s been a drastic shift in sentiment: they’re going to stay. Let’s look at the right regulation for [digital assets], and how do we approach it in the right direction.”
One of the block producers that runs the EOS network says it successfully dodged an attempted hack of 2 million EOS, worth around $12 million, using the platform’s built-in ability to freeze and blacklist accounts.
“The Blacklist efforts in the past 4 months have saved millions of dollars from hackers by ‘freezing’ accounts where the owner is able to prove that their account keys have been stolen. The freezing of accounts prevents any actions from taking place until an investigation can be completed.”
Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ethereum Classic, Dogecoin
The crypto trading app Robinhood Crypto continues to grow, and has now spread to half the states in the US. The latest addition to the app is Ohio.
Robinhood Crypto, which currently offers Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ethereum Classic, and Dogecoin, is now up and running in Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Ohio, Oklahoma, Pennsylvania, Rhode Island, Tennessee, Texas, Utah, Virginia and Wisconsin.