Ethereum security opens for ARK
I tend to disagree here, there have been a lot of spears thrown at Ethereum as they prepare for the Casper roll-out and big name data scientists are among them. Dahlia Malkhi at the early 2018 Financial Cryptography conference showed great concern for the new protocol’s safety and especially great concern for the fact that it isn’t yet live for robust testing. I’m not a huge fan of Ethereum, but a switch from Proof-Of-Work to Proof-Of-Stake is a great idea, in my opinion, but also an immense undertaking. We’re seeing a great deal of battling and advertising campaigns reigning fury down as company’s who have dedicated millions to mining operations may be put out of work any day. Be careful reading through the fear campaigns as the motivators are less about the currency and more about the politics and personal benefits. This is the equivalent of a teacher’s union finding out that online school is going to become the standard tomorrow with in person classes being a by exception policy. This would mean the end of a way of life for millions of teachers and you can bet they would be conducting a full court press to stop the upgrade.
The benefits of the fear mongering, ARK. These guys have been working their butts off for years now, quietly sneaking higher and higher in the Market Cap rankings. They will be one of the best and most robust blockchains functioning upon release. Granted, we’ve been waiting quite a while for that release and they are still a ways off. In the event we can get a fully developed client this year, ARK will be an industry leader for years to come. If they fail to achieve that and Cardano beats them, we may never actually see what they’ve got to offer. This is a delicate balance of a fully working product vs a really good minimum viable product that might pull enough hear to push the rest of the competition out of the picture. Upside for ARK, they just got added to BINANCE, which makes them SO much more attainable. Being on a single exchange just doesn’t quite scream importance.
ZCash hardfork = Free Money?
ZCash is prepared for a spring 2018 release of its next software version, OverWinter. The upgrade will include some replay protections, ensuring money isn’t spent twice and one of the money recipients isn’t paid, then have that payment invalidated after parting with their product or service. They state there will be improvements including transaction transparency, but no information explains that beyond a new format. A transaction expiration will be set to 20 blocks which makes a great deal of sense, helping average consumers by setting an auto-cancellation if they don’t put enough gas into their purchase. There is a hint that we’ll see ZCash on Coinbase with the new transaction format, but we’ll have to see what comes of that. One thing we can say with some confidence is that there won’t be a chain split. You might be able to make some quick money buying ZCash and selling right Jun 25th as I’m sure there will be a great deal of people expecting free money, I wouldn’t bet on it. There is a fair bit of agreement in the community and they don’t want to see more fragmentation like the BitCoin community.