Litecoin Payments Get A Boost From Crypto Merchant Processor

Litecoin Payments Get A Boost From Crypto Merchant Processor

11:28 - 09/12/2019

Oracletimes

Not too long ago, Litecoin‘s creator Charlie Lee talked about privacy, and he highlighted the reasons for which the platform has decided to use MimbleWimble to power confidential transactions. Litecoin Foundation addresses the falling hashrate Earlier today, we reported that the Litecoin Foundation ponders LTC’s falling hashrate. In a blog post, Litecoin Foundation Franklyn Richards said that the hashrate, …
XRP A Security? Ripple Wants The Lawsuit Dismissed

XRP A Security? Ripple Wants The Lawsuit Dismissed

10:17 - 09/12/2019

Oracletimes

Ripple and XRP have had a great year and both entities marked various important achievements so far. The San Francisco-based company managed to bag a lot of important partnerships, while, at the same time boosting the XRP ecosystem. XRP saw increased adoption and only the price is expected to see a surge, considering that it …
Ethereym Upgrade Istanbul Goes Live; Boosts Performance And Scalability

Ethereym Upgrade Istanbul Goes Live; Boosts Performance And Scalability

09:02 - 09/12/2019

Oracletimes

Ethereum just went to a recent upgrade called Istanbul. This implemented six different Ethereum improvement proposals (EIPs) which aim to enhance performance on the public blockchain. More than that, this will also introduce new ways for developers to create smart contract-based Dapps. According to the latest info coming from the Daily Hodl, developers have already …
Bitcoin (BTC) Indicator Hints That BTC Surge To $100K Will Begin On This Particular Date

Bitcoin (BTC) Indicator Hints That BTC Surge To $100K Will Begin On This Particular Date

07:57 - 09/12/2019

Oracletimes

The crypto market remains volatile, with digital assets struggling to recover following the fall of BTC from back in November. At the moment of writing this article, BTC is trading in the red, and the most important coin is priced at $7,496.43. The 2020 BTC halving will be followed by a bull run Crypto analyst …
Litecoin (LTC) Addresses The Falling Hashrate

Litecoin (LTC) Addresses The Falling Hashrate

07:47 - 09/12/2019

Oracletimes

Litecoin was recently in the spotlight when Litecoin‘s creator Charlie Lee talked about privacy. He made sure to address the reasons for which the platform has decided to use MimbleWimble to power confidential transactions. After that, it's been revealed that the Litecoin Foundation director Franklyn Richards says that the plans to add confidential transactions to LTC …
Monero Loses “Quarters Of Miners” Following Shift To RandomX

Monero Loses “Quarters Of Miners” Following Shift To RandomX

13:12 - 08/12/2019

Oracletimes

As you know by now, Monero just underwent a hard fork not too long ago, and everything turned out successfully. Monero has upgraded the network to RandomX. The Monero developers have replaced the CryptoNight algorithm, which was used since the Genesis block by Monero with RandomX. In the crypto market, despite the high volatility, Monero …
BTC Success: $9 Billion In Bitcoin, Moved For Only $18

BTC Success: $9 Billion In Bitcoin, Moved For Only $18

11:02 - 08/12/2019

Oracletimes

Despite the huge volatility of the crypto market, there have been a lot of Bitcoin-related predictions lately and, more than that, the interest in Bitcoin has been on the rise as well. Bitcoin network marks a massive achievement The Bitcoin network has recorded a brand new on-chain volume record due to a massive movement of …
Ripple Executive Said XRP Is Poised To Boost Financial Inclusion In The US And Abroad

Ripple Executive Said XRP Is Poised To Boost Financial Inclusion In The US And Abroad

09:34 - 08/12/2019

Oracletimes

Ripple had a successful 2019 with various achievements in terms of partnerships and the adoption of its products. The San Francisco-based company has been also boosting XRP as well, and the digital asset enjoyed intense adoption as well. XRP and Ripple enthusiasts have been only waiting to see the coin’s price surging this year because …
Bitcoin And Crypto Merch Reach Mainsteram With 24 Million Sports Fans

Bitcoin And Crypto Merch Reach Mainsteram With 24 Million Sports Fans

08:34 - 08/12/2019

Oracletimes

The mass adoption of digital assets has been one of this year’s main goals, along with other important aims. The crypto space has been making massive moves towards achieving this main goal, and things are going on the right path so far. Despite the massive volatility of the crypto market, there have been all kinds …
Bitcoin Investors Are Reportedly Hoarding BTC Worth Of $84 Billion

Bitcoin Investors Are Reportedly Hoarding BTC Worth Of $84 Billion

18:34 - 07/12/2019

Oracletimes

Bitcoin is trading in the green today, and the most important crypto in the industry is struggling to recover after the November price falls. It’s been revealed that 11,580,000 BTC worth about $84 billion has not moved in more than a year. 65% of all BTC mined has not been moved in a year This …
Ripple Adoption: XRP Penetrates $140 Billion Industry

Ripple Adoption: XRP Penetrates $140 Billion Industry

17:49 - 07/12/2019

Oracletimes

XRP witnessed increased adoption throughout 2019, and Ripple made sure to boost the complete XRP ecosystem as well. On the other hand, while both entities XRP and Ripple had a great year so far, marking various partnerships and boosted adoption, XRP hodlers are waiting to see a surge in the price of their favorite digital …
Litecoin Foundation Begins Fundraising For Implementation Of MimbleWimble

Litecoin Foundation Begins Fundraising For Implementation Of MimbleWimble

16:46 - 07/12/2019

Oracletimes

You may recall that not too long ago, Litecoin‘s creator Charlie Lee talked about privacy. He made sure to address the reasons for which the platform has decided to use MimbleWimble to power confidential transactions. After that, it's been revealed that the Litecoin Foundation director Franklyn Richards says that the plans to add confidential transactions …
Bitcoin Forecast: $250k BTC Prediction Is On Track, Says Tim Draper

Bitcoin Forecast: $250k BTC Prediction Is On Track, Says Tim Draper

15:45 - 07/12/2019

Oracletimes

Today, at the moment of writing this article, Bitcoin is trading in the green, and the most important coin in the crypto market is priced at 7,568.43. The digital assets are struggling to recover after BTC's recent falls, and it's also important to mention the fact that despite the high volatility of the crypto market, …
Monero (XMR) Is Trading Below $55 Following The Hard Fork

Monero (XMR) Is Trading Below $55 Following The Hard Fork

15:38 - 07/12/2019

Oracletimes

Monero kept making headlines lately due to the upgrade that the network went through. You probably know by now that the hard fork has been successfully completed, and the move upgraded the network to RandomX. This means that the Monero developers have replaced the CryptoNight algorithm, which was used since the Genesis block by Monero with …
Welcome Richard Janis Goldschmidt to the IOTA Foundation

Welcome Richard Janis Goldschmidt to the IOTA Foundation

20:09 - 06/12/2019

iota.org

Janis is joining IOTA as Senior Software Engineer of the Engineering team. In this role, he will help with general Rust adoption within the IOTA Foundation and lead the team working on the Bee project jointly with Thibault Martinez. Janis lives in Berlin, Germany, and has been working with Rust since it hit 1.0 in May 2015. He has done research on nonlinear dynamics, worked in computational social science, and co-founded a neurotech startup.

On joining IOTA

I am very happy to join the IOTA Foundation (IF) and I am honored to play a major role in the adoption of the Rust programming language throughout the organization, which includes embracing an open-source governance model. I was following the evolution of cryptocurrencies since September 2010 when I first heard about Bitcoin. IF is the first organization that convinced me to enter this field, with their goal to use distributed ledger technology for creating a framework to distribute and verify data in a decentralized way. The two aspects that really won me over and made me join IF are a), its non-profit nature and pursuit to bring together actors from industry, academia, and government, and b), the academic rigor of IOTA’s research team, which demonstrates their seriousness to put its technology on a solid footing. I will work closely with them to translate their vision into production-grade code. At some point in the future, I will get back to finish my PhD. For now, I couldn’t let the opportunity to join IF at this exciting moment pass by.

We are very happy officially announcing Janis joining the project, his experience as Software Engineer is an asset to the IOTA foundation. Give him a warm welcome!


Welcome Richard Janis Goldschmidt to the IOTA Foundation was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.

IOTA Research Status Update December 2019

IOTA Research Status Update December 2019

16:10 - 06/12/2019

iota.org

The monthly IOTA Research Status Update will contain news and updates about our major projects.

This month’s update is about the status of our major task, Coordicide.

Our team is split into several subgroups, each of which is focused on a specific area of Coordicide. The DRIs (Directly Responsible Individuals) for each group meet regularly to discuss developments and impacts across the groups. We have found this workflow to be very effective.

Our primary goal is to deliver a specification for the Bee node software, which will form our implementation of Coordicide. This will run first on a testnet, and then later on the Mainnet. Our team is currently engaged in three tasks: writing a research specification, whitepaper revisions and researching the Coordicide components.

Research specification

This specification is similar to a whitepaper, but with sufficient technical detail for it to be transformed into our next deliverable: the engineering specification. The engineering specification will then be handed over to our developers to code, test, and release.

Whitepaper revisions

We have received wonderful feedback from the public and our academic collaborators, including members of the IOTA Research Council. We are now writing a revised whitepaper in light of our research. This paper is extremely important to us, forming the base through which experts can verify the core of our solution.

Coordicide component research

Coordicide is made up of several components. While we are actively researching numerous topics, our focus in this post is the major Coordicide components necessary for completing the Research specification. Below we provide status updates on these.

Autopeering

We have two proposals for autopeering: “salt-based” and “arrow.” We have been analyzing the salt-based proposal both analytically and through simulations in GoShimmer. In particular, we have been investigating how long connections between nodes will last, and also studying the strength of the “verifiable randomness” test. We have also started modeling the fluctuations on the number of connections of the nodes’ graph. Soon we will compare the simulation and analytic results and compile them into a number of scientific publications. Once complete, we will be able to finalize autopeering the spec for handover to the engineering team.

Fast Probabilistic Consensus (FPC)

Our simulation study of FPC was recently published on arXiv. Together with the blog posts Simulation study of FPC and The FPC simulator, this completes the first milestone in understanding FPC.

We have made significant progress with Berserk detection, and a blog post is forthcoming. The blog post is based on the IOTA.cafe thread on the topic. We will discuss a safety feature that makes it impossible to be berserk in FPC. By implementing those features we will decrease the efficacy of possible attacks, leading to decreased probabilities of agreement and termination failures. This is confirmed by both the FPC paper and our simulations.

The actual implementation of FPC will depend on parameters defined by the reputation system and mana of the nodes. Given that the precise distribution of the mana post-coordicide is variable and unknown, our approach is to study the impact of various mana distributions on the robustness and efficiency of FPC. This analysis will allow us to determine the final parameters of FPC, and complete the specification. Completing this analysis is the main focus the FPC group.

Cellular Automata

The autopeering network protocols are designed so that Cellular Automata can achieve fast and robust convergence. However, the existing theory does not cover all practical situations. To integrate CA, we first determined whether the associated analytical tests provided the desired convergence. These initial studies reinforced what we expected from the outset — that it would be difficult to get new theoretical results for CA.

The logical next step was then to perform analysis through simulation. For this purpose, CA has been implemented in GoShimmer: https://github.com/iotaledger/goshimmer/tree/ca. We will use this implementation to run tests and simulations. This will allow us to check if the expected robustness holds.

As a voting protocol, CA distinguishes itself by having extremely fast convergence, and it is thus suitable for IoT applications, where we expect it to shine. FPC provides a more robust convergence. Based on the results from the simulations, we will determine whether to include CA in the first version of Coordicide. We expect both to coexist in future optimizations.

Rate Control

We are currently extending our previous paper on adaptive Proof of Work, which we will submit to the IEEE ICBC Conference as a follow up of last year’s publication. After that, we plan to integrate the adaptive Proof of Work into GoShimmer for testing and parameter tuning.

In parallel, we are investigating the use of a Verifiable Delay Function (VDF) as an anti-spam mechanism. The research focuses on generating a public RSA modulus in a distributed way, which will be used in a Wesolowski-like VDF. In November, we submitted two work in progress papers to the Stanford Blockchain Conference. We are now writing a third one on how to integrate VDFs as a rate control mechanism in IOTA, which we plan to submit to ACM MobiHoc.

Additionally, we are working on the definition of a congestion control mechanism for the Tangle. The main challenge is to guarantee that the nodes share the same vision on incoming transactions (or, equivalently, preventing network splits) by efficiently using the network bandwidth. We have sketched a protocol proposal inspired by the Additive Increase Multiplicative Decrease algorithm commonly used for the Internet, and we are currently building a simulator to evaluate its efficiency. After this validation phase, the next task is to provide full specifications for Coordicide.

GoShimmer

Various packages have been integrated on the hive.go repository. Common packages and functionalities between GoShimmer and Hornet are organized together under this single repo. The new salt-based autopeering module (from autopeering-sim) has been integrated into GoShimmer and is currently in testing/debugging phase. The ledger state is near completion, currently in the testing/debugging phase. The gossip layer has also been refactored.

These updates to GoShimmer are essential because they make the overall implementation more robust and reliable. This, in turn, will allow us to focus on integrating the voting layer.

The pieces of Coordicide are coming together! Please stay tuned for further updates, and as always, feel free to reach out in our regular communications channels. You can stay up to date with the IOTA Research team in the #tanglemath channel on our Discord. We have also recently launched our public forum: IOTA.cafe. Please do check out these resources for further details on what we have outlined above.


IOTA Research Status Update December 2019 was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.

Is Monero Secure Enough Following The Update?

Is Monero Secure Enough Following The Update?

13:33 - 06/12/2019

Oracletimes

As you probably know by now, the Monero upgrade has been successfully implemented. Monero has successfully upgraded the network to RandomX. The Monero developers have replaced the CryptoNight algorithm, which was used since the Genesis block by Monero with RandomX. It's been also revealed that developers believe that this important step has the possibility to …

Algorand Launches Advanced Smart Contract Features Amid DeFi Race 

13:33 - 06/12/2019

Oracletimes

Algorand has announced several new advanced smart contract features on its permissionless, pure proof-of-stake (PPoS) blockchain on the heels of its Transparency Report and inaugural BLS Library release.  The news encompasses stateless smart contracts, atomic transfers, and standardized assets embedded into Algorand’s on-chain (layer 1) functionality.  “We’re excited to add tremendous new capabilities to our …
Price Predictions For BTC, ETH, And XRP

Price Predictions For BTC, ETH, And XRP

12:18 - 06/12/2019

Oracletimes

As you know, the crypto assets are struggling to recover after the recent falls of Bitcoin. The price drop of the most important coin in the market dragged the prices for the other coins down as well. But today, the crypto market looks good with all important coins trading in the green. There's a strong …
Crypto Exchange OKEx Launches XRP and Ethereum Classic Futures

Crypto Exchange OKEx Launches XRP and Ethereum Classic Futures

11:03 - 06/12/2019

Oracletimes

The crypto market looks good today, with the most important digital assets trading in the green. The cryptos are struggling to recover after the recent drops in the price of Bitcoin (BTC). At the moment of writing this article, BTC is trading in the green and the most important coin in the market is priced …
Cardano’s Charles Hoskinson Has A Massive Push Plan For 2020

Cardano’s Charles Hoskinson Has A Massive Push Plan For 2020

09:45 - 06/12/2019

Oracletimes

Cardano was recently in the spotlight when Weiss ratings compared the project to EOS. “Cardano is clearly superior to #EOS. EOS was first to market, but it’s becoming increasingly clear that of the two, Cardano is vastly superior…” according to Weiss Ratings agency. Cardano is getting ready for a major boost in 2020 Cardano’s creator …
Bitcoin Prediction: Bloomberg Reveals 2020 BTC Forecast

Bitcoin Prediction: Bloomberg Reveals 2020 BTC Forecast

08:20 - 06/12/2019

Oracletimes

Despite the high volatility in the crypto market, there are various optimistic crypto predictions that pop up on a daily basis. Bloomberg released the outlook on Bitcoin for 2020 and said that it’s only a matter of time before the crypto hits $10k again. BTC to reach $10k soon “Increasing adoption of Bitcoin, the digital …
Monero Is Struggling Below $53 Following The Latest Upgrade 

Monero Is Struggling Below $53 Following The Latest Upgrade 

13:18 - 05/12/2019

Oracletimes

Monero seems to have started an uptrend following the latest upgrade that the protocol went through, but this doesn't seem to have lasted for too long as the coin fell below the $53 support. XMR in the crypto market At the moment of writing this article, despite the fact that most digital assets are trading …
Santander Teases US-Mexico Remittances – Will It Use XRP?

Santander Teases US-Mexico Remittances – Will It Use XRP?

12:18 - 05/12/2019

Oracletimes

XRP hodlers are waiting to see a surge in the price of their favorite digital asset. The coin's price has been lagging this year, compared to BTC and other digital assets. At the moment of writing this article, XRP is trading in the green, and the coin is priced at $0.215479. The whole crypto market …
Ripple Partner FlashFX Teams Up With The Crypto Exchange Bitstamp

Ripple Partner FlashFX Teams Up With The Crypto Exchange Bitstamp

11:08 - 05/12/2019

Oracletimes

Ripple has been promoting the payment solution ODL a lot lately. This is the On-Demand Liquidity, formerly known as xRapid, which is powered by XRP. FlashFX teams up with Bitstamp Ripple partner FlashFX, an international money transfer company, said that it’s teaming up with Bitstamp. The partnership will use Ripple’s cross-border payment solution ODL, and …
XRP Ledger Is Used For CoinField’s Crypto Trading Platform Sologenic

XRP Ledger Is Used For CoinField’s Crypto Trading Platform Sologenic

09:37 - 05/12/2019

Oracletimes

Ripple and XRP had a great year, and these two entities have been marking a lot of achievements in 2019. The San Francisco-based company bagged new partnerships, while at the same time, boosting its products and the whole XRP ecosystem. More than that, the firm has also been promoting the adoption of XRP which has …
New Bitcoin Prediction Surfaces From Analyst Who Predicted BTC Crash

New Bitcoin Prediction Surfaces From Analyst Who Predicted BTC Crash

08:08 - 05/12/2019

Oracletimes

The crypto market is struggling to recover these days, following the recent falls in BTC’s price. At the moment of writing this article, most coins are trading in the green, and Bitcoin is no exception. Despite the high volatility in the crypto market, there have been various optimistic predictions about the price of BTC and …
eth2 quick update no. 5

eth2 quick update no. 5

08:00 - 05/12/2019

Ethereum.org

Welcome to this week’s eth2 quick update! tldr; Parity’s Shasper joins Prysmatic’s Sapphire testnet (the first public eth2 multi-client testnet)! Multiple eth2 block explorers launch – Bitfly’s beaconcha.in and Etherscan First eth2 networking call to tackle all the networkings – Ben’s notes and Mamy’s notes First eth2 phase2 community call...
Monero Price: XMR/USD Ignores The Hard Fork That Just Took Place On The Network

Monero Price: XMR/USD Ignores The Hard Fork That Just Took Place On The Network

13:31 - 04/12/2019

Oracletimes

Monero’s developers confirmed the hard fork was a success, and it was implemented on block 1978433. As you already know, the upgrade of the network took place on November 30. Upgrading the Monero network to RandomX Monero has successfully upgraded the network to RandomX. The project's developers have put forth the idea of a new …
VeChain (VET) Surges After Revealing New Partnership

VeChain (VET) Surges After Revealing New Partnership

12:17 - 04/12/2019

Oracletimes

While most coins have been dropping in price during these past few days, VeChain's VET's price was boosted by a recent move that the team made. VeChain saw a significant surge after they announced the latest partnership. The team has been bagging a lot of important partnerships this year. Thor blockchain to be used for …