Vesper Finance, a recently launched DeFI yield suite co-founded by former Bitcoin core developer Jeff Garzik, has surpassed a TVL of $1 billion within six weeks of launching on mainnet. Garzik, also an executive of blockchain technology firm Bloq Inc, tweeted the news on March 23 while also revealing the team had open-sourced its smart contracts. Vesper’s CEO also noted the protocol’s open source transferable NFT container can be used to package, transfer and auction any amount of non-fungible tokens and ERC-20s. Another #OpenSource #Ethereum #DeFi component is our #NFT container. This is a transferable NFT, which can hold any …
San Francisco-based incubator for the blockchain Ethereum Classic (ETC), ETC Labs, has announced that it will create a solution for Ethereum (ETH)/ETC interoperability in a collaboration with Metronome, in an official blog post on June 27. Per the announcement, blockchain interoperability—also referred to as “chainhopping”—is a property of a blockchain asset meaning that it can be transferred between separate blockchains. In this case, the cryptocurrency Metronome (MET) will be transferable between the ETH and ETC blockchains. The ETH and ETC blockchains initially split in the summer of 2016 after a contentious vote to return money lost when The DAO collapsed …
Bitcoin (BTC) pioneer Jeff Garzik has said that while the leading cryptocurrency may not have evolved into a means of payment as he first envisaged, it is still “unquestionably a success” as a store of value, in an interview with Bloomberg Nov. 9. Speaking soon after Bitcoin’s 10th anniversary, Garzik – reportedly the “third-biggest contributor” to Bitcoin’s code and one of Bitcoin creator Satoshi Nakamoto's key collaborators – told the publication: “It hasn’t evolved in the direction of high-volume payments, which is something we thought about in the very early days: getting merchants to accept Bitcoins. But on the store-of-value …
The battle rages on within the Bitcoin community on how to move forward with potential hard fork changes designed to accommodate larger block sizes. Jeff Garzik’s BIP 100 proposal has taken the mining industry by storm, gathering a majority of support of those currently voting. Meanwhile, Bitcoin corporate leaders have formed a united front around the proposal by Mike Hearn and Gavin Andresen called BIP 101. Which side are you on? On Tuesday, August 24, the leaders of many of the largest Bitcoin companies in the world signed off on BIP 101 as their revision of choice. They crafted a …
A little more than a week after release of NeuCoin's technical whitepaper, an intense debate been sparked between the proponents of the two main crypto technologies, proof-of-work (PoW) and proof-of-stake (PoS). Online forums including Bitcointalk, Peercointalk and Reddit, as well as NeuCoin’s own forum, have been playing host to the exchanges, which have drawn in not only lay community members but several of its household names. On Reddit, Bitcoin core developer Jeff Garzik began by fiercely defending Bitcoin from PoS supporters’ allegations that PoW is becoming centralized. “Bitcoin has many existing stakeholders. If large mining pools misbehave, the network and …
Bitcoin core developer Jeff Garzik has signed a deal to have his full-node satellites built, ready to be launched into orbit. IBM is rumored to be working on its own version of Bitcoin designed to introduce instant euro and dollar payments. Large sybil attack discovered as huge node network found to be working to undermine blockchain anonymity, and much more that happened on March 13. Garzik signs deal to deploy his BitSats to space Bitcoin core developer Jeff Garzik has brought his plans to deploy blockchain full nodes into space on mini satellites a step closer to reality. Garzik's Dunvegan …
Amid a spate of services promising instantaneous confirmation of Bitcoin transactions, core develop Jeff Garzik has spoken out against the concept, calling them “by definition not secure.” Garzik made the comments while reiterating his stance on Peter Todd’s replace-by-fee protocol for the blockchain. Under replace-by-fee, an unconfirmed transaction would be able to be replaced by another with a higher fee. “…it is acknowledged that Peter's scorched earth replace-by-fee proposal is aptly named, and would be widely anti-social on the current network,” Garzik wrote, adding that “hope is the denial of reality.” Garzik subsequently explains what he meant by this latter …
Organizers of the second North American Bitcoin Conference expect a big turnout for what they describe as “the most community-oriented TNABC yet.” This TNABC will be held in Chicago the weekend of July 19–20, and organizers recently announced that the Hotel Chicago will host the event. “The Official kick-off party will take place in the iconic House of Blues, which will be the best location of the year to meet the movers and shakers of the Bitcoin industry,” organizers said in a release. Organizers say that more than 2,000 people are expected for the conference, and they are trying to …