Friday, September 21, 2018

Crypto Litter

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September 21, 2018

SCALING PUSH: Efforts to scale the ethereum network may have gotten a turbo boost.

Developer Alexey Akhunov has been working on a reboot of the popular ethereum client Geth -- dubbed "Turbo Geth" -- as a possible solution to some of etherum's scalability issues.

In an exclusive with CoinDesk Akhunov said: "Querying the storage entries at a historical point in the contract is probably about 100x faster." 

However, only the raw architecture is built out and will require considerable testing should it ever be considered for wider use. He added that Turbo Geth is by far not an optimal solution as “it would take about two weeks in order to sync with the blockchain.”

Having built it single-handedly, he hopes to hand over the project to a larger team that can make the product more user-friendly. Full Story

AND THUS IT BEGINS: After flip-flopping on its decision to reject nine proposals for a bitcoin exchange-traded fund (ETF), Thursday saw the SEC announce that it has yet to make a decision on another notable bitcoin ETF -- but it's getting closer all the same. 

Earlier this year VanEck and crypto startup SolidX pitched the idea of the ETF and the Chicago exchange board sought approval from the SEC on whether or not to list the ETF. 

The SEC has sought public opinion on the matter and, to date, has received 1,400 comments in response. Full Story

NEW CHIP ON THE BLOCK: One of the top mining chip manufacturers, Bitmain, announced this week the release of a 7nm ASIC chip. 

The announcement from Jihan Wu, Bitmain's CEO and co-founder, comes days after fellow mining firm Bitfury released a 14nm chip. 

After his announcement at the World Digital Mining Summit, Wu added that the company is quickly moving into mass-production of the new chip. Full Story



EOS saw high levels of on-chain transaction volume after its blockchain launch in June, but more recently, the degree of activity has substantially diminished.

The average transaction count for July and August was 5 million, with a high of 8.7 million occurring on August 13. However, September is showing a drop off with some days dropping below 1 million transactions.

For comparison, bitcoin has never experienced more than 1 million transactions per day.

For more research insights check out the CoinDesk Research section here.
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ALTCOIN BOOST: Sharp gains brought bitcoin's price up to $6,700, signifying a 16-day high. One possible culprit: recent interest around altcoins has added some wind to bitcoin's sails. Full Story
BEST OF THE BEST

FAST COMPANY: In this report, women in the crypto space say that one of the main problems they face is perception.

“People think they can’t do it,” because it is considered a “tech” jobsays Susan Joseph, co-founder of Diversity in Blockchain. 

She believes that since blockchain is a fairly young industry, they have a chance of being more inclusive for minorities and women. 

THE REST

BUSINESS INSIDER:
The outlet's Australian edition reported that crypto exchange Bit Trade and blockchain employment platform Emparta plan to create the world's first stablecoin pegged to the Australian dollar.

While the protype is still weeks away from completion, they plan to launch the coin in early 2019.

REUTERS: Fearing that Switzerland's Silicon Valley will be abandoned by crypto startups, the Swiss Bankers Association (SBA) has issued guidelines to banks who wish to work with the volatile startups.

Reuters reported that 530 blockchain startups settled in and around Zurich and Zug.
 
We've launched our first-ever podcast, "Late Confirmation," a digest of top stories in the blockchain world, delivered daily from the team at CoinDesk and sponsored by the Oxford Blockchain Programme.

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