Coinbase-led Rosetta, an open-source set of tools to help developers integrate other blockchains into their services, just got a new signup: Neo, a blockchain platform that is itself focused on interoperability.
Rosetta, which launched on June 17, is a standardization tool to make it easier for blockchains to speak to each other. Each blockchain is different, making it difficult and time-consuming for crypto project developers to integrate other blockchains.
“The process requires careful analysis of the unique aspects of each blockchain and extensive communication with its developers to understand the best strategies to deploy nodes, recognize deposits, and broadcast transactions,” wrote Neo in a blog post today. “Project developers spend countless hours answering similar support questions for each team integrating their blockchain, rather than spending time working on their blockchain.”
Filecoin, a blockchain-based decentralized storage project, is officially launching its testnet- Space Race to test out the network before the mainnet launch.
As promised, Filecoin will start its testnet launching competition. It encourages global miners for the next three weeks to be competing for up to four million Filecoin in prizes to onboard as much storage space to the network as possible, says the report. The contest begins on August 24 at 10 pm UTC.
The top 100 miners globally, and the top 50 miners from each continent, will use the earned Filecoin rewards to jump-start their mainnet mining efforts based on how much storage they and the network achieve during the competition. People can also track their progress on the testnet main website.
In addition to the onboarding storage capacity competition, the 20 largest block reward winners will split a prize of an additional 100,000 FIL proportionally based on how much block reward they win. More than 240 miners from six continents are preparing to participate in the competition in the past month, says Filecoin.
Molly Mackinlay, IPFS Project Lead, said, “Filecoin would be nothing without its robust and passionate community.”
Filecoin’s project raised $257 million during its 2017 initial coin offering and it’s been developing ever since.
First Twitter and now YouTube is under attack by hackers promoting Bitcoin scams through live broadcasts using old Elon Musk speeches and a fake broadcast of the launch that SpaceX and NASA made last week. The hackers appear to have compromised several high-profile YouTube channels and today the account of youtuber Jon Prosser was the object of this attack, his channel is broadcasting with 40 thousand viewers and the attackers have already received around 4 thousand dollars in Bitcoins.
It may also interest you: What are cryptocurrencies?
Last week there were several reports that people who wanted to see the launch of the SpaceX clicked on videos that looked official and that they were posted by seemingly legitimate YouTube channels with hundreds of thousands of subscribers and were found with messages from “Bitcoin giveaway” urging them to send Bitcoin for double cash back, a common scam tactic. Today Jon Prosser reports that something similar is happening on his channel.
Victims included Democratic presidential candidate Joe Biden, former President Barack Obama and Tesla CEO Elon Musk. Accounts for those people, and others, posted tweets asking followers to send bitcoin to a specific anonymous address.
For their efforts, the scammers received over 400 payments in bitcoin, with a total value of $121,000 at Thursday’s exchange rate, according to an analysis of the Bitcoin blockchain performed by Elliptic, a cryptocurrency compliance firm.
Elliptic co-founder Tom Robinson said it’s a low sum for what appears to be a historic hack that Twitter said involved an insider.
Bitcoin hardware wallet maker Ledger revealed today that its e-commerce database was hacked last month, leaking 1 million emails and some personal documents. No user funds were affected by the breach.
Ledger said the attack targeted only its marketing and e-commerce database, meaning the hackers were unable to access users’ recovery phrases or private keys. All financial information—such as payment information, passwords, and funds—was similarly unaffected. The breach was unrelated to Ledger’s hardware wallets or its Ledger Live security product, the company added.
“Solely contact and order details were involved. This is mostly the email address of approximately [1 million] of our customers. Further to the investigation, we have also been able to establish that a subset of them was also exposed: first and last name, postal address phone number, and product(s) ordered,” said Ledger in its announcement.
What money should be has been explored by more than one economist. What it is, strange as it may sound, is also up for debate. Yet amidst these disputes, practical and abstract, there is consensus.
At this time the entire crypto market is valued between 380 and 560 billion USD. The value of all the world’s stocks is around 70 trillion USD. The daily volume of the Forex is 5.1 trillion USD. Despite the excitement it periodically sparks in mass media and high finance circles, crypto is barely a drop in the bucket.
As I stated in my response to Robert Shiller’s critique of Bitcoin, tokenization is a means of dividing an asset. Tokenization, easily dividing an asset among stakeholders, is a strength of blockchain technology. Tokens can represent abstract entities issued on the blockchain, but they can also be tethered to a piece of real estate, a work of art, a trademark, or a freighter of Chilean copper.
Industrial powerhouse Honeywell says its latest quantum computer is now the fastest in the world. How quickly real-world applications will develop or how swiftly they’ll be able to impact industries or affect cryptographic systems such as Bitcoin is the subject of rigorous debate.
In an announcement on Thursday, Honeywell says its team of scientists, engineers and technicians has delivered a quantum volume of 64. The metric measures both the total number of the computer’s qubits and how well it handles them. IBM’s machine scored a 32, suggesting Honeywell’s quantum computer is twice as fast.
Honeywell’s machine is designed to add up to 640,000 quantum bits (qubits) as the system scales. Tony Uttley, president of Honeywell’s quantum computing division, tells CNET.
Many consumers may have heard of blockchain technology, especially in relation to cryptocurrency. However, they may not be aware of its full potential and impact across industries. Blockchain has the potential to simplify and add greater security to data management, and since its inception, this technology has quietly been changing business processes.
To get further insights, we asked the members of Forbes Technology Council to share some ways blockchain has changed (or will soon change) business. Their best answers are below.