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Free Software in Domain of Currency

Submitted by Roy Schestowitz on Thursday 3rd of January 2019 02:12:59 PM Filed under
OSS
  • Ethereum Plans to Cut Its Absurd Energy Consumption by 99 Percent

    Bitcoin soaks up most of the hype and the opprobrium heaped on cryptocurrencies, leaving its younger and smaller sibling Ethereum in the shadows. But Ethereum is anything but small. Its market capitalization was roughly US $10 billion at press time, and it has an equally whopping energy footprint.

    Ethereum mining consumes a quarter to half of what Bitcoin mining does, but that still means that for most of 2018 it was using roughly as much electricity as Iceland. Indeed, the typical Ethereum transaction gobbles more power than an average U.S. household uses in a day.

    “That’s just a huge waste of resources, even if you don’t believe that pollution and carbon dioxide are an issue. There are real consumers—real people—whose need for electricity is being displaced by this stuff,” says Vitalik Buterin, the 24-year-old Russian-Canadian computer scientist who invented Ethereum when he was just 18.

  • Ethereum Planning To Cut Its Energy Consumption by 99%

    Rthereum is the second biggest cryptocurrency with a massive $10 billion market capitalization. It also means that Ethereum mining and transactions gobble up tons of energy. Well, things might change by the end of 2019.

    According to a report from IEEE Spectrum, Vitalik Buterin, the computer scientist who invented Ethereum, is planning a major overhaul. Buterin is supported by the Ethereum Foundation and the open source movement to perform the long-overdue field test of Ethereum’s code overhaul to reduce energy consumption by 99%.

  • UNICEF France Accepts Dai Donations To Fund Global Bounties

    After officially launching its website last week, UNICEF France will allow individuals to donate Dai, MakerDAO's Ethereum-compliant, dollar-pegged stablecoin, to fund "open source explorations of blockchain for social impact." The Dai donations will be used to create global bounties that will help fund blockchain projects around the world.

  • ‘Boring’ Blockchain Could Become Mainstream in 2019: MIT

    Blockchain — which has been hailed as a game-changing technology that could revolutionize whole industries — will be so commonplace in 2019 that it’ll become “boring,” according to the MIT Technology Review.

    “In 2017, blockchain technology was a revolution that was supposed to disrupt the global financial system,” the Technology Review claimed. “In 2018, it was a disappointment. In 2019, it will start to become mundane.”

    MIT observed that distributed ledger technology has been widely praised for its potential to transform healthcare, banking, supply chain management, and even the entertainment industry.

  • OmiseGo (OMG) Aims to 'Enable Financial Inclusion' via Interoperable, Open-Source Blockchain Networks

    The OmiseGO (OMG) platform has been developed by Omise Ltd., a venture capital funded payments technology firm based in Thailand. The company also has offices in Japan, Singapore, and Indonesia as it’s reportedly planning to expand its operations further into the Asia-Pacific region.

    In this introductory article, we go over the basic concepts and motivation behind the development of OmiseGo’s OMG network.

»

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