Author: Omar Faridi

Ontology Developers Outline Smart Contract Programming Best Practices

The developers of Ontology (ONT), a leading “distributed trust” network for building and deploying decentralized applications (dApps), have claimed that smart contract security is among the “hottest topics” in the evolving blockchain ecosystem. According to Ontology’s team, the current smart contract systems contain various types of security vulnerabilities – including […]

Istanbul Upgrade: 28 Ethereum Improvement Proposals Under Consideration

Ethereum’s developers have submitted 28 ethereum improvement proposals (EIPs), which include recommended codebase modifications that may be integrated into the upcoming Ethereum (ETH) network hard fork, called Istanbul. The EIPs  are expected to change the smart contract platform’s mining algorithm, code execution and pricing mechanism, and data storage process. Deciding […]

ConsenSys Confirms 'Vast Expansion' of Blockchain Industry

The developers at ConsenSys, a Brooklyn, New York-based organization focused on Ethereum-related development, have published a blog post in which they revealed that the nascent blockchain ecosystem “continues to see vast expansion all over the world.” According to ConsenSys’ management, the evolving distributed ledger technology (DLT) industry needs business development […]

UK's Regulator Warns Against Fraudulent Firm Cloning Financial Giant TP ICAP

The UK’s financial regulator, the Financial Conduct Authority (FCA), has uncovered another allegedly fraudulent crypto-related scheme. On Friday (May 24, 2019), the FCA revealed that a company called ICAP Crypto had been impersonating an established firm known as ICAP Europe Limited. ICAP Crypto reportedly attempted to lure unsuspecting investors into […]

Monero to Use New Proof-of-Work Algorithm to Reduce Hard Forks, Cryptojacking

The developers of Monero (XMR) have revealed they may introduce a new type of proof-of-work (PoW) consensus algorithm for the leading privacy-oriented cryptocurrency. According to Cointelegraph, Monero’s development team is planning to launch a different version of the PoW-based consensus protocol in October 2019. The privacy-focused cryptoasset’s developers reportedly made […]