Crypto && Coffee 001
- 3 minsTechnology Recap:
Bitcoin:
- Bitcoin Core released their new upgrade v0.19.0.1 on November 24th. This provides a few new RPC enhancements, updated settings for whitelisting, and added a new setting for block filters. The new block filters enable the creation of BIP158 filters for the entire chain.
Ethereum:
- The upcoming Ethereum Hard Fork (Istanbul) will be taking place on December 4th at block height 9069000.
Litecoin:
- Litecoin Core Developers are looking into the use of MimbleWimble and extension blocks in Litecoin.
BitcoinCash:
- BitcoinCash network upgrade activated on November 15th. The upgrade features two new advancements. The first is that now all signature checking operators support Schnorr signatures. The second feature removed the BIP62 malleability vector which means that most of the transactions on the BCH network are now non-malleable. BIP62 originally allows transaction on the Bitcoin blockchain to be malleable in multiple ways. Thus, a valid transaction could be modified in-flight, without invaliding it.
Other Chains:
- Zcash released protocol v2.1.0 on November 7th which provides the necessary ZIPs for the activation of Blossom.
- Monero released v0.15.0.1 in time for their network upgrade on November 30th. The major changes in this release contain: new PoW (Proof of Work) RandomX algorithm, automatic public nodes discovery and bootstrap daemon switching, improved network connections, options for TOR or I2P, and finally the removal of long payment ids.
- Stellar Core Update to v12.0.0 which contains three advancement proposals. These advancements now disable the current inflation mechanism, simplify the bucket list data structure for node admins, and creates a new operation for spending.
- Lightning Labs released v0.8.0-beta on November 21st. This is the first release that enable mainnet Neutrino and also packaged the tooling used to build iOS and Android LApps.
Mainstream Recap:
- South Korean exchange, Upbit was hacked today November 27th, 2019 for roughly 340K ETH.
- A16Z (Andreessen Horowitz) opened applications for Crypto Startup School which will be a 7-week educational program aimed at helping more technologist get started with building crypto.
- Casa announced support for 2-of-3 Multisig with 2 hardware keys. This is now live in iOS and Android.
- Monero’s main site was hacked to deliver malware to users who were downloading their core software from GetMonero[.]org. The malware was discovered because the attackers changed the download binary but didn’t change the hashes posted on the site.
- Prysm, the Eth2 Testnet from Prysmatic Labs launched. Ethereum 2.0 is looking to move to PoS (Proof of Stake) consensus some time in 2020. Prysmatic Lab’s Sapphire Testnet currently shows 507 validators with ~1620 ETH staked. From their statistics the cost to be a validator in ETH2 is now ~32 ETH.
- Researched posted about the possible flaws in the use of MimbleWimble and dove into detail regarding Zcash, Monero, and Grin.
- Shapeshift now offers zero-commission crypto trading to it’s users with the now enabled FOX token.
- Binance released margin 5x leverage, optimized BUSD buy and redemption, and overall enhancements to easily buy crypto with FIAT from their homepage.
- Vitalik, founder of Ethereum, released his thoughts on 5 years into crypto.
This Week’s Cup of Coffee:
This week, I suggest The Chronic from Doma Coffee in Post Falls, Idaho. The Chronic is wash processed before roasting and is a darker roast with a well-balanced body. This coffee highlights spice and mild-acidity. It’s notes contain walnut, chocolate and spice. Mmm Mmm Mmm!
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