February 5

Runtime Verification recently completed their audit and formal verification of the eth2 deposit contract bytecode. This is a significant milestone bringing us closer to the eth2 Phase 0 mainnet. Now that this work is complete, I ask for review and comment by the community.

The formal semantics specified in the K Framework define the precise behaviors the EVM bytecode should exibit and proves that these behaviors hold.

Lighthouse runs 100k validators [on their eth2 client testnet].

See Also: ETH Undervalued (Video)

The Ethereum co-founder suggested a way of trading central bank digital currencies with cryptocurrencies.

Basically, if you can prove to the ethereum chain that you made a transaction inside a CBDC system, you can use that to build an automated smart contract dex.

This process would, Buterin explained, ‘make it easier for people to trade between fiat and crypto.‘”

The move is meant to prioritize the development of some of the ethereum ecosystem’s leading infrastructure platforms, including Infura, PegaSys, MetaMask, Codefi and others.

In the coming months, ConsenSys will finalize the transition from its venture production model and spin out a number of its internally funded projects into the ConsenSys Investments portfolio.

The company will continue its venture work under the ConsenSys Investments banner. The firm’s enterprise-focused “Solutions” arm will now ‘directly support the software business.'”

See Also: ConsenSys Acquires SEC-Registered Broker-Dealer to Tokenize Bonds

Skale Network Explainer

“The British company made its app available globally, with the exception of the United States. Customers can start using the app with as much as £50 ($65) and buy Bitcoin with bank cards or through a bank transfer. The funds are further processed through digital assets custodian BitGo.

Prior to using the app, Mode requires that users undergo a Know Your Customer procedure, which is carried out by AI-enabled identity verification technology.”

“The state government said the new incubator would soon team with top educational institutions such as IIIT-Hyderabad and the Indian School of Business to support startups in the working blockchain space.

We have developed 12 use cases wherein blockchain technology can be used to solve some of the issues faced by citizens.”

Note: Larger Blocks = Greater Centralization.

“BitcoinSV has hard forked, taking its blockchain back to the first “Genesis” iteration of the bitcoin protocol. The Genesis fork removes the default hard cap for block sizes, reportedly removing limits for transaction capacity and increasing on-chain scalability.

Genesis is designed to be the last significant update on the BSV blockchain.”

Chrysalis is an intermediate stage between now and the removal of the Coordinator. The Coordinator is, in essence, a centralized server managed by IOTA developers. Chrysalis will be completed by the end of Q3.

The team will integrate a new cryptographic signature scheme. The new method sacrifices the resistance to quantum computers in the name of practicality, as it allows users to reuse the same address. The team is also planning to make IOTA a platform for issuing tokens. Two key changes make this possible: atomic transactions and the switch to the UTXO model.”

See Also: Waves Launched a Non-Profit Association Under German Law

“Research conducted by Gartner Inc. predicts a 50 percent increase in overall data quality by 2023 for all businesses and organizations using blockchain smart contracts.

However, data availability is set to decline over the same period due to blockchain technology replacing traditional business processes. By initiating smart contracts and eliminating all access to data otherwise available from third-party intermediaries it would remove those third parties from the transaction.”

The Iowa Democratic Party refused to divulge the name of the app, but it was developed by Shadow, a Democratic technology firm. The incident served to highlight the risks of relying on digital systems and the centralization of information, and a lack of transparency regarding these systems. 

When something as important as an election is at stake, it is, frankly, malpractice to allow proprietary software. Open-source licensed software guarantees security researchers have access to vet and improve the software before it’s put into use.”