Ethereum 

Bitstamp Crypto Exchange Sets Up Lightning Network Node

European crypto exchange Bitstamp has set up its own Lightning Network (LN) node to boost the network’s capabilities, the company tweeted on July 8. As a second layer over the blockchain of the biggest cryptocurrency, bitcoin (BTC), the LN is designed to enable fast and zero-fee transactions by creating payment channels between users. Specifically, the network aims to address bitcoin’s scalability problem by keeping the majority of transactions off-chain. By launching its own LN node, Bitstamp aims to promote the growth of the network, as well as encourage the crypto…

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Bitcoin 

New $35 Raspberry Pi is the Most Powerful Yet for Running a Full Bitcoin Node

The Raspberry Pi Foundation released a new, more powerful model of its miniscule single-board computer on June 24, which costs $35 a pop and has the capacity to run full nodes cheaply on the bitcoin (BTC) network. Earlier versions of the Raspberry Pi have been popular with bitcoin enthusiasts and decentralization advocates as it offers low-cost and thus low-barrier entry to those interested in running their own full nodes on the network. Doing so allows users to verify their own transactions over the bitcoin network independently without having to trust…

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Blockchain 

Stellar Node Outage Causes Two-Hour Complete Transaction Freeze

Blockchain network Stellar (XLM) stopped confirming transactions for two hours on May 15, executives confirmed following a user post on social media. Stellar, whose lumens token is currently the eighth-largest cryptocurrency by market cap, went down entirely for around 110 minutes Wednesday. The cause, it appears, was a mass offlining of Stellar Development Foundation (SDF) nodes, which the majority of the network trusts. Accordingly, other participants failed to find consensus for blocks, and no transactions were validated until developers resolved the issue. “I really hope we’ll get a real debate…

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Ethereum 

BitMEX Research Finds ‘Potential Bug’ in Syncing of Ethereum Parity Full Node

The research arm of major cryptocurrency trading platform BitMEX has revealed in a blog post on Wednesday, March 13, that its Ethereum Parity full node contains a “potential bug.” The alleged bug was discovered while analyzing data from Nodestats.org — BitMEX Research’s new website designed to collect key metrics on Ethereum nodes. In the same blog post, the exchange also announced the launch of Nodestats today, which it created in collaboration with TokenAnalyst. Nodestats shows key data for Ethereum Parity and Ethereum Geth clients — which BitMEX reports are the…

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Blockchain 

Parity Technologies Fixes Node Vulnerability, Urges All Ethereum Nodes to Update

Ethereum blockchain infrastructure developer Parity Technologies experienced a security compromise that required nodes to perform an urgent update, the company stated in a blog post on Feb. 3. Parity, which is a popular technology stack for Ethereum users, said it had received notification of a loophole which would allow an attacker to shut down nodes running its client. “On February 3rd, we received several reports that an attacker can send a specially-crafted RPC request to a public Parity Ethereum node (any version pre 2.2.9-stable and pre 2.3.2-beta) and that node…

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Blockchain 

EOS Community Is Challenged After Node Announces Financial Rewards for Votes

This week, the EOS blockchain protocol angered decentralization proponents yet another time. Specifically, Starteos, one of EOS’ officially sanctioned Block Producers (BPs), appeared to publically offer its token holders financial rewards in return for their votes. Starteos’ vote-buying tendencies seem to fall in line with previous scandals centring around EOS: This year, the blockchain protocol reversed previously confirmed transactions and started an internal investigation after Huobi, its other BP, was accused of running a corruption scheme, among other things.   Brief introduction to EOS and its key features EOS.io is…

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Blockchain 

EOS Node Offers Users Financial Rewards for Votes, Reignites Decentralization Debate

Yet another aspect of blockchain protocol EOS has sparked controversy this week after one of its 21 block producers appeared to offer its token holders financial rewards for voting it as a proxy. Starteos, one of the official sanctioned nodes which can approve EOS transactions, said in a Medium post Nov. 27 that “after delegating Starteos.io as proxy, you could get continuous and stable EOS revenue.” The Chinese outfit, which has yet to comment on allegations it runs against decentralized and democratic blockchain procedures advocated by EOS itself, framed the…

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