Offchain Labs, a startup co-founded by a former Obama administration official, has raised a $3.7 million in seed funding. The round was led by Pantera Capital and included participants such as Compound VC. Offchain Labs co-founder Ed Felten, a computer…
Tag: Scaling
Ethereum Scaling Tech Monoplasma Wants to Let Dapps Broadcast Crypto
Blockchain data platform Streamr has officially released a new open-source ethereum scaling technology called Monoplasma. Inspired by a pre-existing scaling solution called plasma, Monoplasma is different in that it focuses specifically on “one-to-many payments” in which users would need to “repeatedly…
Latest Lightning Code Release Trolls With a ‘Block Size’ Increase
The latest code version for the lightning network – often trumpeted as the future of bitcoin payments – includes a “block size increase.” One of the most active lightning implementations, LND, pushed out its newest “minor” release, version 0.5.2, of its…
As ‘Plasma’ Stalls, SNARKs Become New Hope for Scaling Ethereum Now
Efforts to scale ethereum, the world’s second-largest blockchain, are growing more varied as one much-anticipated solution encounters pitfalls amid its continued development. At the forefront of this transition has been plasma, a concept widely heralded as ethereum’s best bet for short-term…
Bitcoin’s Biggest Startups Are Backing a New Effort to Keep Fees Low
2017 was a wake-up call for bitcoin supporters to say the least. With so many people using the software amid a price boom, the fees for sending transactions swelled higher than ever before, even rising to as much as an…
When Not If: For Ethereum Believers, Scaling Is Just a Matter of Time
“Sleep? What’s this word you talk about?” It’s safe to say ethereum founder Vitalik Buterin‘s joke during the first day of EDCON, an ethereum developer conference now taking place in Toronto, had some truth to it, both for himself and…
Bitcoin Dust: How to Tell If You Have It And Why You Should Get Rid of It
Imagine having a $100 bill in your pocket. Now, imagine $100 worth of pennies. Notice the difference? Bitcoin isn’t without its irritating kinks, and tiny bitcoin pieces called “dust” are among the lesser-known. As the analogy above shows, the bitcoin protocol…