Einsteinium Hard Fork implemented

The hard fork of Einsteinium cryptocurrency aimed at the reduction of supply occured at 14:50 Central Time on December 10
10 December 2017   1377

Einsteinium is a cryptocurrency of Einsteinium Foundation, which has a mission to raise funds for scientific research and their mining tax creates a pool of funds that provide grants to deserving applicants.

Einsteinium EMC2 hard fork occured on block 1699157 at 14:50 Central Time on December 10. The hard fork is an updated code with a lower supply of 55 Mln burn. According to the EMC2 Hard Fork Countdown website, the hard fork was successfully implemented.

Einsteinium hard fork countdownEinsteinium Hard Fork Countdown

As it was stated on the official website of the coin, exchanges such as Poloniex, Bittrex and others support the EMC2 fork, and are now running new nodes (wallet version 0.13.48.0 - Excalibur). 

Einsteinium cryptocurrency itself has shown a skyrocketing tendency connected with the implementation of the hard fork having risen 166% within past 7 days moving to the 32 place in the list of cryptocurrencies ranked by market capitalisation. The price of the coin rose from $0,8 on December 5 to $1,8 on December 12, while the market capitalisation rose from $190 million to $430 million within past 7 days.

Einsteinium chartsEinsteinium Charts

At the moment of press, these are main market parameters of Einsteinium:

  • Average price: $1.91
  • Marketcap: $413 567 545
  • 24h volume: $131 707 000

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   67

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.