Tezos Foundation will implement KYC/AML checks for contributors

tezos ico

Tezos Foundation has announced that it will be implementing KYC/AML checks for all of its investors. They have asked the users to visit verification.tezos.com and enter KYC information. A year ago when they did an ICO literally no one was doing KYC checks, the landscape changed a lot in recent months. If you’ve been following ICOs you know that any ICO working with MME Switzerland requires full KYC and they formed the Tezos Foundation. The KYC check now might seem odd since it’s a year after the ICO, the fact is that most other ICOs were just handing out ERC20 tokens so they didn’t need to build a working project yet before they could do the distribution. That’s what makes this situation different.

(more…)

Bitcoin Gold updates equihash algorithm for ASIC resistance

bitcoin-gold

Bitcoin Gold currently makes use of equihash algorithm which is already being used by cryptocurrencies. Bitcoin Gold is going to use modified version of this algorithm in order to keep their blockchain ASIC resistance and prevent it from 51 percent attacks. Current equihash requires minimum 50MB memory but runs faster with 144MB memory. These memory requirements were said to be enough to prevent ASIC manufactures from building ASIC. In 2018, this is not enough.

(more…)

Ethereum Private (ETHP): Zcash and Ethereum hard forks [June 2018]

ethereum private

Ethereum Private is an upcoming hard fork of Ethereum and Zcash blockchain and promises to combine everything that is great about Ethereum and Zcash. Ethereum Private hard fork date is 13th of June 2018. Each Ethereum holders gets ETHP coins in 1:1 ratio while Zcash holders get 0.5ETHP for each ZEC they hold (1:2). So, if you have 2 ethereum, you get 2 ETHP and if you’ve 2 Zcash, you get 1 ETHP.

(more…)

ZenCash 51 percent attack and double spents

zencash 51 percent attack

ZenCash network was hit with 51 percent attack yesterday, on June 2nd 2018 at 0243H UTC. The ZenCash team did mitigation steps to increase the difficulty of future attack on its network and safeguarded its network. However, around 6600 ZEN and 13000 ZEN for double spends were done and attacker was able to reorganize more than 30 blocks. This means the attacker knew what he was doing.

(more…)

Mobi wallet adds support for Bitcoin Gold, Zcash, and Dash

mobi wallet

Mobi wallet is a wallet for your smartphone to store various cryptocurrencies and today, it has announced that it will be adding support for Bitcoin Gold (BTG), Zcash (ZEC) and Dash (DSH). This is a great news for Bitcoin Gold and Zcash because none of them have either android or iOS applications and Mobi wallet app is available on both.

(more…)