The financial sector is seeing growing interest in cryptocurrency which has resulted in a lot more and faster adoption in accordance with the latest survey by Thomas Reuters. That news will definitely bolster the objectives inside the Middle East exactly where Dubai aims to be the very first blockchain powered city. It’s also reflective from the hype surrounding EOS as more than 50 businesses are competing for 21 supernodes.
But before there was all of these cryptocurrency projects, there had been the cypherpunks. In a unique function, we take a look at the accomplishments of Dr. David Chaum and what has resulted from his early papers on encrypted communication.
Featured stories by Colin Harper, Giulio Prisco, Jessie Willms, Aaron van Wirdum and Bitcoin Schmitcoin.
EOS is scheduled to migrate from the Ethereum network to its own on June two, 2018, and candidates are excitedly vying for one of 21 supernodes which will help this new mainnet. A mixture of big and tiny fish, the candidate pool includes upward of 50 different organizations, an overwhelming quantity of candidates competing for the coveted supernodes come from Chinese organizations.
These 21 supernodes operate as part of EOS’s delegated proof-of-stake (DPoS) consensus mechanism. As a way to maintain block producers sincere, the network implements a continuous voting process that areas supernode operators up for reelection each and every 21 blocks.