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 |