Electroneum to Undergo a Soft Fork

The Electroneum reported on the necessety of a hard fork, as its codebase includes code inherited from Monero which may break the entire network at block 202612
05 February 2018   646

Electroneum is a cryptocurrency which is giving access to over 100m smartphone users via mobile operators, aims for 10s or even 100s of millions of users and has a defined route to market.

As it was stated in the GitHub of Electroneum, the measures to hardcode a hash for block 202612 (after the Monero network was attacked on September 4, 2014) were carelessly left in the Electroneum codebase.

It was stated that if this code is not removed by the time block 202612 is mined, the entire network will break.

The code should reportedly be removed to keep the network functioning once this block is mined, that is why Electroneum is implementing the soft fork.

Electroneum codebaseElectroneum codebase screenshot

Basically it means that when block 202612 is mined the entire network can break down, and all clients will think that the hash of block 202612 is incorrect, refusing to accept it and any subsequent blocks. If the Electroneum network does not soft fork to fix the above mentioned problem, it will be taken out by it.

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

Average price: $0,055886
Marketcap: $337 212 348
24h volume: $2 634 650

Andreessen Horowitz to Launch Crypto Investment Fund

Two new job openings by Andreessen Horowitz confirms the information about possible launch separate crypto investment fund
24 April 2018   4

One of the most influential venture capital companies of Silicon Valley intends to open its own fund, entirely dedicated to work with cryptocurrencies. This is repoted by Recode.

Rumors about the possible creation of a new division of Andreessen Horowitz have been on the web for quite some time, which is not surprising, as the company, also known as A16z, previously invested in Coinbase, Earn.com and CryptoKitties, and its founder Mark Andrissen is a big supporter of cryptocurrency .

Two new job openings by Andreessen Horowitz confirms the information that had spread earlier.

Currently, the venture company is looking for a "Manager for financial and operational activities, Cryptoactive" and "Legal Support Specialist, Cryptoactive". Both vacancies indicate that the company hires employees for an "individually managed fund that focuses on crypto assets."

The Legal Counsel will monitor "compliance with all necessary SEC requirements" and "manage the compliance of the firm / fund activities with all SEC requirements / other requirements", and the operational manager will among other things evaluate the crypto-currency assets.