Parity announces final Byzantium release

Parity has announced its final Byzantium release ahead of Ethereum hardfork
14 October 2017   2790

The second-largest provider of ethereum protocol software, Parity, has announced its final Byzantium release just days before Ethereum is to undergo a hardfork to upgrade its blockchain.

Thus, Parity's release was found to contain "consensus bugs" in the software that would force network nodes, the computers underlying the blockchain, to split onto a different version of the protocol.

As far as Parity is responsible for maintaining the software that runs nearly a quarter of the nodes on the Ethereum blockchain, the delay in releasing code caused panic and even led Ethereum's developer team to consider delaying the fork earlier today, as detailed by coindesk.com.

For now, it looks as though the Parity team has rescued the situation – Bzyandtium hardfork is scheduled for block 4,300,000 (about two days from now). Parity developer, Afri Schoedon, argues that although the client's team considered proposing a delay, it would be more complicated due to the work that's already been done in an attempt to execute it.

Pushing a fix for one client implementation is easier than pushing an update containing the delay for all clients, especially if this happens on such a short notice.
 

Afri Schoedon
Parity developer

According to the team, an announcement  that will include more details about testing and features is forthcoming.

ETH May Become Security After POS Migration,- CFTC

At the moment, according to the head of CFTC, Ethereum is more likely an exchange commodity rather than a security, but it may change 
14 November 2019   200

The head of the Commission for derivatives trading (CFTC) Heath Tarbert expressed the opinion that cryptocurrencies involved in the cryptocurrency using the Proof-of-Stake algorithm can be considered as securities. It is reported by Decrypt.

Earlier, the head of the CFTC said that in its current form, Ethereum is more likely an exchange commodity rather than a security. However, I am sure Tarbert, over time, the status of an asset may change. For example, a security can become a commodity and vice versa.

We are thinking carefully about it.
 

Heath Tarbert

Chairman, U.S. Commodity Futures Trading Commission

The popular Proof-of-Stake (PoS) algorithm involves the use of “stake” as a resource that determines which particular node receives the right to mine the next block. Higher chances to generate the next block are received by the node with greater balance.

Recently, staking services that promise customers a return on investment in PoS assets have become popular. According to some experts, these services could potentially violate the provisions of the Howie test, such as having a joint venture, as well as an investment contract involving two parties.

At the same time, Tarbert spoke out against an aggressive approach to regulating cryptocurrencies, which could suppress innovation and hinder the strengthening of the US position in the innovation sphere.

Clarity and consistency is the first step to leadership.
 

Heath Tarbert

Chairman, U.S. Commodity Futures Trading Commission

Earlier, Heath Tarbert expressed the view that regulated futures based on Ethereum will soon appear on the market.