Buterin and Cohen Twitter feud: Exploring blockchain scalability, sharding, and payment channel networks

Vitalik Buterin, the founder of Ethereum, argued in a recent blog post that the scalability problem in blockchain was being tackled ‘great’ in theory amid a need for more real-world testing. Yet many industry figures did not agree.

Bram Cohen, founder of BitTorrent, called Buterin’s opinions ‘wrong-headed’, while Blockstream CEO Adam Back noted that the Ethereum founder’s words of wisdom were ‘like looking to [Theranos founder] Elizabeth Holmes for the state of...

Getting the ball rolling for enterprise blockchain: How Hyperledger sees the route to success

If you have ever been involved in any enterprise software procurement project, you will be more than aware of the time it takes to get things done; the peaks, troughs and sometimes interminable delays.

The hidden gotchas are always there too. Take the headline of an article by ThoughtWorks’ George Earle in 2017: “The tyranny of big suite enterprise software best practices: How decisions made 40 years ago straightjacket you today.”

Daniela Barbosa (left), VP of...

IKEA conducts transaction with retailer on Ethereum

IKEA has made an understated entry into the blockchain realm by conducting a transaction with a retailer on the Ethereum blockchain.

Tradeshift – a cloud-based digital B2B spend management platform, alongside Monerium, an eMoney provider for blockchains, said they had successfully completed a transaction marking a ‘major step forward in business payments and finance’.

Recently, Tradeshift’s platform was used by Icelandic retailer Nordic Store on Ethereum to...

UNICEF launches cryptocurrency fund – with Ethereum Foundation the first contributor

UNICEF has launched a cryptocurrency fund focused on Ether and Bitcoin, enabling the agency to receive, hold and disburse donations.

The move makes UNICEF the first UN organisation to hold and make transactions in cryptocurrency, with the first major contributor being the Ethereum Foundation. According to reports, the figure donated will be $18,000.

Under the structure of the UNICEF cryptocurrency fund, contributions will be held in the cryptocurrency of choice – here...

Conor Svensson, EEA and Web3 Labs: On education and exploration for enterprise Ethereum

At the end of last year, Vitalik Buterin used the medium of a tweetstorm to assess non-financial applications of blockchain technologies. Buterin described it as becoming ‘a bigger and bigger part of the story.’

Ethereum, the technology which Buterin co-founded, is no exception – and this is where the Enterprise Ethereum Alliance (EEA) comes in. Its goal, as outlined on its website, is to ‘develop open, blockchain specifications that drive harmonisation and...

Why the blockchain funding scene remains ripe: Cambridge Blockchain, Lucid Sight, Harmony and more

The cryptocurrency markets may continue to fluctuate, but the startup scene for those exploring and integrating blockchain technologies continues to thrive. Cambridge Blockchain, Lucid Sight, Harmony and Liquid.com are four such companies who in the past week alone have secured vital VC funding.

Massachusetts-based digital identity enterprise software provider Cambridge Blockchain has been joined by PayPal in its series A funding round. As part of this investment, both companies...

EOS and Ethereum remain at top of Chinese blockchain technology rankings

The latest blockchain technology rankings from the China Electronics and Information Industry Development Research Institute (CCIDI) have come in – placing Bitcoin in 15th while EOS and Ethereum remain top of the pile.

The findings appear in the ninth index from CCIDI, with EOS having maintained its position at the summit since June. Ontology, GXChain and BitShares rounded off the top five, with NULS, NEO, Nebulas, Komodo and Steem completing the top 10.

Each...

CCID announces latest blockchain technology assessment: Ethereum and EOS top, Bitcoin struggles

China's Centre for Information and Industry Development (CCID) has announced an eighth update of its Global Public Blockchain Technology Assessment Index (GPBTAI), with EOS top of the list with a total score of 156.1 points, followed by Ethereum with an assessment index of 136.4. GXchain outplaced BitShares to assume the third position in the list, with a score of 117.5 in this assessment. In the current evaluation, BitShares went down by five moving to eighth position. However, Komodo,...

Ethereum Classic suspended from Coinbase after transaction irregularities

Coinbase has announced it is pausing interactions with the Ethereum Classic (ETC) blockchain after detecting a ‘deep chain reorganisation’ including alleged double spends totalled at more than $1 million. The arbiter claimed there were several instances noted where chains were being replaced at a greater length than previously and that operations were being suspended to safeguard customer funds. Coinbase explained the potentially nefarious issue of a double spend thus: “If a...

JP Morgan CIO says blockchain will ‘replace existing tech’

The chief information officer of JP Morgan, Lori Beer, has said that blockchain will “replace existing technology”, according to the Argentinian website Cripto247 at a recent press conference in Buenos Aires.   The comment reaffirms a change of tack for one of the world’s oldest financial companies, whose CEO, Jamie Dimon, last year said bitcoin was a “fraud”, threatening to fire any employee “stupid” enough to invest in it. Since then, Dimon has conceded that...