County in Montana Delays Decision to Suspend Bitcoin Mining Operations– Crypto Currency News

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reported that Bitcoin’s( BTC) energy footprint had nearly doubled in 6 months and was anticipated to grow. According to the study, Bitcoin might be utilizing up approximately 0.5% of the world’s energy by the end of the year, almost the same quantity used by the Netherlands.Needless to say, the majority of people may not want that to happen.On Thursday, the Missoula County Commission chose to delay its decision over the suspension of Bitcoin mining to August 2018, according to the local news site the< a href= https://missoulian.com/news/local/missoula-commissioners-delay-decision-on-temporary-bitcoin-mining-ban/article_550dd597-0e80-51bc-87d8-0c14ca10a025.html target= _ blank rel =noopener > Missoulian. The hearing lasted almost two hours where presentations and comments from the general public were made on the topic of Bitcoin mining operations.Missoula County Commissioner Jean Curtiss had said at the end of the hearing that” all of us comprehend that we do not comprehend,” while County Commissioner Cola Rowley kept in mind that this could be a great time for “education and outreach.” The county fears that the energy taken in by these operations might” present a reliability and securityrisk to local electrical circulation systems, and impact electrical rates for other clients” which “the high energy loads might pose a fire threat, and create electronic …

EOS Blockchain Grinds to Halt as Bug Freezes Transactions

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Open Positions at CCN: Full-time and Part-time Journalists Wanted.The EOS blockchain has ground to a stop after an evident bug in the mainnet software application caused the network to pause suddenly and indefinitely.According to a post from EOS New York released on behalf of the leading 21 block producers and standby nodes, the mainnet all of a sudden paused at 9:56 UTC, after which block manufacturers started a teleconference to determine and discuss the concern. At 10:57 UTC, standby block manufacturers switched off their nodes and backed up blockchain information to assist guarantee that no network history would be lost.At 09:56 UTC(1 hour ago)we had an alert with transactions frozen on the EOS network worldwide. All the BPs are conscious. We are all on a call with the other BPs to determine and fix this concern. No timelines yet. #eosio #mainnet — EOS Authority (@EOSauthority) EOS Mainnet Updates Telegram channel stated that EOS creator Block.one is developing a software application patch. “Source was due to how deferred transactions were handled. Repair is being released quickly by BlockOne.” That software release, which will be released under tag 1.0.5, will introduce a nodeos fix. When block manufacturers have actually updated their nodes, …

Russia Gets Ready For SWIFT Exit With Blockchain

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Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). The Russian Association of Corporate Treasurers is joining the government-led Masterchain blockchain initiative, a platform developed by the central bank to facilitate communication within Russia’s banking market. Russia is reportedly looking to use the … Read More

Oxford Professors to Produce World’s First Blockchain University

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Not long ago, the idea of a blockchain university would have been regarded as a utopian concept, but a group of Oxford professors is currently pitching the idea in the EU to create the world’s first blockchain university. To create a legitimate blockchain-based university, the group will still have to go down the regulatory channels of applying for university status and satisfying all the criteria. They must get approval before they have the authority to dispense legally recognized degrees as an accredited university. The name of the university is to be called Woolf and will have its own cryptocurrency token. The design of the platform has been developed by independent academics, and the learning format and infrastructure will follow the Oxford system. The team of academics behind Woolf Development is led by Joshua Broggi, from the faculty of Philosophy at Oxford. The university is being called an “Airbnb of degree courses” and is a not-for-profit organization. The WOOLF ERC-20 token can be used for internal projects, tuition payment, and university voting. While it will be the first accredited blockchain university, it will have competition from blockchain-based education projects which do not seek to gain the same accreditation to operate. One …

A New Bitcoin Core Comes to Town

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There is a brand-new cryptocurrency in town and it is called Bitcoin Core. It is different from the moniker that Bitcoin Cash embraced– calling itself Bitcoin core, as in, the real Bitcoin. This brand-new cryptocurrency is called Bitcoin Core– BTCC.The Production of BitcoinCore BTCC was produced from the difficult fork or a hard fork of Bitcoin Cash.Basically, when Bitcoin Money went through its tough fork in November 2017 to fix the problem in the crypto’s mining algorithm, a little group of designers did not concur with the fix. These designers split from the primary group and developed a separate crypto called Bitcoin Clashic. However, this new Blockchain did not resolve the problem and so faded away in a few months. Prior to it faded away, another little group of developers within the Bitcoin Clashic neighborhood also forked away a few weeks ago from this blockchain. This group was able to fix the issues associated with the mining algorithm however it neglected the updates that the primary Bitcoin Cash group had actually made in its most current hard fork.The primary difference in between Bitcoin Cash and Bitcoin Core is the attitude towards Bitcoin. Bitcoin Money has actually constantly positioned itself as …