Daily Cryptocurrency News – 14th October 2018

Welcome to our Daily News article. Here are the most important daily news of October 14th.

Monero Developer’s New Startup Will be Launching a Free Blockchain University

South African blockchain startup Tari Labs has showcased a new free online university. The university makes training accessible to local and international blockchain developers.

Riccardo Spagni, a Monero promoter created this startup, alongside investors Naiveen Jain and Dan Teree.

Tari mainly aims to change the endpoint experience of digital assets. These include in-game items, digital collectibles, loyalty points, and other scarce commodities. Naiveen Jain believes that digital assets are “great use case” for Blockchain technology. He also noted that there is “an opportunity for a frictionless experience.” An experience where users can store and transfer digital assets in line with the rules of use preset by their sellers.

Tari Labs wants to take part in creating the next generation of expert blockchain and open source developers. These developers would help spread the Tari protocol further.

Senior Contributor Cayle Sharrock said:

“Tari Labs University aims to become a go-to learning content place for blockchain, digital currency and assets, in every level. The more blockchain experts we can develop, the better it is for the ecosystem as a whole”.

Sharrock explains that Tari Labs aims to create an avenue for more developers to gain blockchain development skills. Also, this will also make them use the Tari protocol.

Finally, Spagni believes that much of the talent required to developing Tari is already present in South Africa. That’s the reason the team decided for Johannesburg to be the location for the university.

For more info about courses, learning materials and resources, you can go here.

Ethereum Hard Fork Test Goes Wrong, No Constantinople?

During the Ethereum Foundation’s developer meeting, the attendants made an announcement. The planned “Constantinople” hard fork would soon launch this November 2018.

In summary, Constantinople is one of Ethereum’s largest upgrades to-date. It aims to make a variety of changes which could improve the developer and user experience.

The most notable of these changes would be a block reward deduction from 3 ETH to 2 ETH every 14 seconds.

But, The Ethereum Foundation roadmap could get into problems if Constantinople misses its launch. Its scheduled testnet release on the Ropsten blockchain failed to proceed. It is possible that the miners were failing to activate the testnet code upgrade.

The testnet was set to happen at the block height 4,300,000 by early October 14th. However, the Ropsten testnet stalled at block 4,299,999 for an extended period. The team associated the failure to bugs within the code that prevented it from working.

One developer on Ethereum’s public Gitter channel commented on the situation, writing:

The fact that all clients are ‘stuck’ means that there is no valid Constantinople block yet; Not for later: never fork on weekends.

After two hours of waiting, the first Constantinople-enabled block processed on Ropsten. Although this calmed everyone, the fact that there were 0 transactions in the post-hard fork blocks was confusing. This catalyzed developers to call for more testnet miners to introduce stability to the Ropsten chain.

According to a tweet from the Parity developer, there was a consensus issue on Ropsten. This resulted in a three-way fork between Geth, Parity, and one other Ethereum client.

The delayed release of Constantinople is not confirmed by other developers yet. So many people are hoping that the hard fork is still scheduled to arrive by the end of the year.

EOS Voter Collusion Scandal Shows Issues Of Trust And Governance

EOS got involved in a scandal based on alleged collusion between an Asian crypto exchange and voters for EOS block producers. Reports say that the cryptocurrency is in trouble due to accusations that the Singapore-based Huobi exchange may have tried to help itself and other block producers gain votes. Not to mention, these votes would let them manipulate the verification process for EOS’s proof-of-stake system.

In late September, Twitter user Maple Leaf Capital tweeted:

“Recently, an internal excel document from Huobi (one of the BPs [block producers]) is circulating in the Chinese community. This file documents the collusion, mutual voting, and pay-offs that occur amongst the Chinese BP community. I’m working on getting the file.”

In summary BP, (block producers) are the decentralized entities that govern the EOS blockchain. They also produce the actual digital blocks that make up the cryptocurrency’s blockchain.

The accusation claims that Huobi voted for 20 specific block producers and in return, 16 of them voted for Huobi.

Huobi has denied the claims:

“Based on the initial investigation, there were no financial contracts between Huobi and any third party. The investigation is still on-going. Thus, we seek your patience and co-operation in this matter.”

Also, shortly after the EOS news broke, Apple removed an allegedly malicious crypto wallet from the App Store; EOSIO Wallet Explorer. This was after some users complained that their EOS tokens disappeared after they used the app.

It is unknown if these events could affect EOS. However, despite the news, EOS continues trading at a normal price, according to Coinmarketcap.


For more info about this news, you can go here.

If you missed news yesterday, you can check them out here: Daily Cryptocurrency News – October 13th

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