ETH Devs to Agree to Increase Emission on Jan 6th

Also, the developers agreed to transfer the complexity bomb to another 4M blocks, which is around 2 years away from today
03 December 2019   121

Ethereum developers have reached tentative agreement regarding the transfer of the complexity bomb for several years, Trustnodes writes with reference to the discussion.

The current proposal is block 9.2M, which would bring us to ~January 6th. There are no objections on the call, so it seems we have rough consensus to upgrade on block 9.2M, push back the difficulty bomb 9M blocks, and use the Mountain Glacier name.

Tim Beiko


Nine million is the current value of mined blocks. The developers agreed to transfer the complexity bomb to another four million blocks, which corresponds to approximately two years of network operation with a block time of 15 seconds. Thus, if this fork is approved, the complexity bomb will only be activated at the end of 2021 or the beginning of 2022.

Meanwhile, the Ethereum 2.0 Beacon Chain is preparing to launch. It can begin to function in the spring and will increase emissions by an amount determined by the number of ETH allocated for staking.

In addition, inflation will instantly increase by 2,000 ETH per day with the launch of this fork due to the normalization of rewards, which have recently declined amid the onset of the complexity bomb.

Participants in the wider community and ETH holders were not involved in the discussion of the problem, and the developers solve the monetary policy issues of the second largest cryptocurrency exclusively among themselves, Trustnodes notes.

A chain based on Proof-of-Stake is designed to eliminate miners, however, according to the creator of Ethereum Vitalik Buterin, several years can pass before a complete transition. All this time, a hybrid ETH mining mechanism will be used based on the existing PoW chain and the new PoS network.

It was previously thought that a complexity bomb could push miners to support ETH 2.0, but with a two-year delay in a complexity bomb, they would no longer have such an incentive. While other cryptocurrencies reduce emissions by 50%, Ethereum developers decide to conduct an urgent hard fork to increase them.

Nike to Protect Authenticity of Shoes With Blockchain

Company filed a patent of "CryptoKicks" project, designed to protect the authenticity of the sneakers
11 December 2019   118

The world famous manufacturer of sportswear and footwear Nike has patented the mechanism of tokenization of products using the Ethereum blockchain. The company intends to issue tokens to protect the authenticity of the sneakers, according to a document published by the US Patent and Trademark Office.

In particular, Nike intends to issue non-interchangeable (NFT) tokens of the ERC-721 or ERC-1155 standard. One of the most striking examples of the use of such tokens is the game CryptoKitties.

With the help of tokens, the owner of the shoe will be able to indicate his ownership of it.

Tokens called CryptoKicks “unlock” when buying shoes - they match their own unique code with the owner ID through the application on the smartphone.

Prospective and current owners of a cryptographic digital asset, such as the CryptoKick of FIG. 2, may buy and sell digital assets through one or more blockchain ledgers operating on the decentralized computing system 30. By way of example, and not limitation, a user may buy a new pair of highly sought after sneakers from a verified vendor who may provide authenticated provenance records for the sneaker.

Nike Patent Filling

Nike also proposes to create collectible pairs of shoes by “crossing” digital analogues among themselves.

Using the digital asset, the buyer is enabled to securely trade or sell the tangible pair of shoes, trade or sell the digital shoe, store the digital shoe in a cryptocurrency wallet or other digital blockchain locker, intermingle or "breed" the digital shoe with another digital shoe to create "shoe offspring," and, based on rules of acceptable shoe manufacturability, have the newly bred shoe offspring custom made as a new, tangible pair of shoes.

Nike Patent Filling

Nike filed a Cryptokicks trademark application with the U.S. Patent and Trademark Office in April.