Efficient Blockchain Fork claimed by Ethereum Classic

So-called "difficulty bomb" has been obviated by Ethereum classic: the upgrade took place at block 5,900,000, according to network data and project developers
30 May 2018   778

Created to increase the difficulty of mining its blockchain through the time, the basic code was a feature of the original ethereum codebase (which later was divided into ethereum classic and ethereum) in 2016. Though it is hard to account for exact percentages in terms of how many nodes renewed their software, developers of the project declared that mainly exchange nodes and mining pools reported about updating their software long before the fork.

There were no features of any fails or bugs in the hours directly after the fork. The upgrade is awaited to reduce the amount of time it takes to create a block. Therefore, the upgrade states both technical and ideological difference between the ethereum classic and ethereum blockchains.

Because the ethereum community stays attached to passing to a proof-of-stake consensus system, the ethereum classic supporters have chosen to go on using proof-of-work, as its members maintain that, of the different methods to achieve consensus over block validation, it resists centralization best.

Especifically, advocates contend that proof-of-work systems demand their validators (miners) to continuously invest in hardware and  consequently in the blockchain. Deliberation on the fork began as early as 2016, and because of the broad  discussions, the upgrade was not expected to be complicated or controversial.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   212

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.
 

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.