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News in your inbox Channels Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The real price of the bitcoin gold rush 1 With international focus on sustainability sharpening, the energy consumption of the world’s first ever popular virtual currency, bitcoin, is being put under the microscope. Its most vehement detractors argue bitcoin uses an unjustifiable amount of energy, and represents a thorn in the side of the wider green transition. Bitcoin’s advocates, on the other hand, claim this is an oversimplification, and measures can be taken to ensure the blockchain network becomes sustainable long-term. ....
Reading Time: 4 mins read With a jump of more than 350% in its price this year, Ethereum has outperformed major cryptocurrencies, bolstered by the rise of decentralized finance (DeFi) protocols, like liquidity aggregators and decentralized exchanges. These projects brought in viable use cases that could extend to everything from insurance to decentralized trading and loans to yield farming. However, the increasingly DeFi protocols relying on Ethereum contracts made the network a lot busier, which led to higher gas fees for making transactions. Though ETH 1.0 transition to ETH 2.0 is in progress, the network is far from improving issues like scalability, speed, and gas fees. ....
Giskard Consensus Protocol Serves PlatON with Its Extremely High Security and Stability News provided by Share this article Share this article SINGAPORE, April 1, 2021 /PRNewswire/ The security and stability of the PlatON Giskard Consensus Protocol has been verified by Runtime Academic Level. Runtime Verification has verified the security of PlatON Giskard Consensus Protocol through COQ certification assistant verification. According to the technical report released by Runtime Verification, the Giskard Consensus Protocol has demonstrated extremely high security and stability during the verification, laying a strong foundation for the good operation of the PlatON system. Two parties, according to the requirements of extremely fine particle size, carried out high pressure verification to the Giskard consensus. The Giskard Consensus is the foundation and core of PlatON s global privacy computing network and distributed economy infrastructure. As the center ....