ERGO to launch Testnet 2.0

A decentralized blockchain platform ERGO is going to roll out Testnet 2.0 on June 1 with multiple features
28 May 2018   953

ERGO has updated its status on the Testnet 2.0. The development is as planned: the release is scheduled for June 1. Serialization and specifications of spending proofs, coins and transactions are under finalization.

The testnet will feature:

  • Schnorr protocol and proof of Diffie-Hellman tuple knowledge protocol as building blocks
  • Arbitrarily complex AND and OR conjectures (to build complex multisig schemes)
  • SecP384R1 curve
  • A lot of (typed) predicates over blockchain state.
  • No implicit rules to produce money out of thin air. No coinbase transactions, no implicit fee. All the coins rewarding miners will be created before the genesis block and locked up to certain heights.

ERGO is a decentralized and open-source cryptocurrency based on novel scientific ideas with a user-friendly protocol that is executable on a smartphone. At the moment of publication, ERGO market characteristics are as follows:

Average price 4.36 USD
Market cap 1,733,611 USD
Volume (24H) 78,660 USD

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   94

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."