Ethereum Casper is Fundamentally FLAWED - Researcher ClaimssteemCreated with Sketch.

in bitcoin •  7 years ago  (edited)

Good Morning Crypto! Today we are discussing Ethereum Casper PoS algorithm, Japan self-regulation of crypto industry, Telegram ICO Vulnerabilities and other things! Bring your coffee and get ready!

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https://www.coindesk.com/fundamentally-vulnerable-ethereums-casper-tech-takes-criticism-curacao/amp/

https://cointelegraph.com/news/japan-registered-crypto-exchanges-join-forces-to-self-regulate-local-market/amp

https://cointelegraph.com/news/chile-adopts-blockchain-technology-for-national-energy-grid/amp

https://www.coindesk.com/fundamentally-vulnerable-ethereums-casper-tech-takes-criticism-curacao/amp/

https://www.coindesk.com/south-african-investor-makes-off-50m-in-crypto-scam/

https://www.coindesk.com/8-ways-telegram-thinks-ico-go-wrong/amp/

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Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins.

Ivan on Tech by Ivan Liljeqvist

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Casper is the POS protocol that Ethereum has chosen to go with. While there has been an entire team busy creating it, Vlad Zamfir is often credited as being the “Face of Casper.”...it is still believed it has got many flaws though

Ethereum is the 2nd largest cryptocurrency, and for good reason. Unlike bitcoin, the underlying technology is smart-contracts.

I predict that ETH is here to stay. It also makes for an interesting crypto investment. Many companies are interested in the technology and more and more things are being built on the ethereum platform everyday.

Ethereum is like trying to fix a car whilst driving.

Lol..
Nice comment

I can always count on you for providing the latest news and analysis about crypto..
You are the best on steemit regarding crypto news.
Thanks for keeping us updated

I got your mail @ivanli. "Learn Ethereum, EOS and NEO Programming from SCRATCH" Thank you.

I am interested.
Your articles are often very useful.

First of all we are glad to have you on the steem platform, you keep us up to date about crypto, In blockchain methods, these characteristics help show if transactions will go through correctly, and if the program by itself will go forward with time.
Keep sharing such posts, thankyou

I think it is giving power to people who have lots of money.. Great enlightenment bro... U always come up with nice stuff... Tell something about the issues like money laundering etc being associated with it...

  ·  7 years ago (edited)

Hey Ivan, what are your thoughts with FishBank game coming in the Ethereum platform on March 18th, 2018?..looks like this game is getting a lot of hype starting in China...once this game is launched, would it crash the Ethereum platform the same way it did with the cryptokitties?
Blockchain-Game-Fishbank-Grow-Fight-and-Trade-Crypto-Fish-Tokens-main.jpg

ETH wont be able to switch to PoS, and theres no way for a long term viability.
Now, is a useful tool, but coming the next platforms like EOS, it will be obsolete pretty soon,
at least, in my opinion, hehe.
D.

Morning Ivan !

Thanks as always for the update. We also have some interesting news from Dubai about putting the B2B Tourism Business on the Blockchain. Also looking very interesting in my opinion:

Source: https://cointelegraph.com/news/dubai-to-launch-blockchain-marketplace-for-tourism-industry-to-be-10-years-ahead

Neither proof of stake or proof of work is ideal as it enables people who already have crypto net worth to increase it. However no financial system is perfect, teh network needs to be incentivised, and at least with crypto the "fees" are transparent. Proof of stake has yet to be proven but at least the leverage is linear and does not require the consumption of large quantities of electricity just to facilitate the network.

Casper is not one specific project. It is an amalgamation of two research projects which is currently being undertaken by the Ethereum dev team. The two projects are:Casper the Friendly Finality Gadget (FFG)
Casper the Friendly GHOST: Correct-by-Construction (CBC)

good morning cyrpto thats really an informative post and yeah we will get today some knowledge about etherum and yeah its really helpful being following you great to see the post i will watch the video later on your youtube channal ivan on teach!aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa.PNG

great sir watching your video and it beneficail to me you breiefly describe Ethereum Casper PoS algorithm...

)

Casper has been cited as part of the reason the Ethereum price broke through $1,000. Casper is the first step in moving Ethereum system from Proof-of-Work into Proof-of-Stake.The Casper upgrade is a hybrid model where PoW continues as normal but at every 50 blocks a PoS 'checkpoint’ is implemented.
Eventually, Ethereum will move to a complete PoS model. There are numerous benefits like reduced risk of centrallization, greater security and also energy efficiency. Anyways there are a lot of things to discuss about but we will keep it to this only.

I am doubt ethereum will switch to proof of stake PoS, although it will use Casper on ethereum's network because there are decentralize application (dapps) on ethereum's blockchain. That's will not easy to be implemented by developers.

I love your live streams. @ivanli did you know cryptozombie is doing a free coding smart contract lessons. And the proof of work is prefect you always have to trust in somebody either in crypto or in fiat money its all on trust. Telegram is going to be big I think they will be fine.

well you are an awesome speaker !
i don't have significant knowlegde about crypto ,that is why i am here to understand more about crypto currencies . I am joining you first time

watching your video i can gather many unknown information... thanks for sharing sir... you are really great adviser...☺

Such a valuable info, you keep us acknowledged about crypto, Unlike bitcoin's pioneering proof-of-work system whereby miners expend real electricity and energy to verify blocks of transactions, proof-of-stake offers a kind of virtual mining, where the coins themselves are locked up (like capital in physical miners) and then perform computations.
Wating for more

Immense knowledge from a crypto point of view is always great. You always provide such a gem for minnows like me. Thanks for this.

Man you really posses great knowledge about the cryptocurrencies....can you suggest me to start with something.....i mean the begining to make me understand .....it seems like you have wrote encylopedia for cryptocurrency ....

Supply chain has become complicated. Some would say cumbersome. It takes days to make a payment between a manufacturer and a supplier, or a customer and a vendor. Contracts must be handled by lawyers and bankers, which means extra cost and delay. Products and parts are often hard to trace back to suppliers, making defects difficult to eliminate. Whether for industrial equipment, consumer goods, food products, or digital offerings, supply chains have headaches a-plenty.

wow you have such great mind and all of your posts are full of fun and interested and useful things thanks for sharing @ivanli

Another great one! Thank You @ivanli for the best content!

What a great talent you have. It can't be wrong if I say you a 'crypto guru' who knows almost everything. Thank for choosing the topic of ETH. I learn many things from you

That's was really great news for me... Personlly I speak to all of us have to learn it... It will get you can easily rich person...

Upvoted & Resteemed

Wow !! Great news ...
We are waiting for this live...about discussing Ethereum casper..
Thanks for your suggestion boss @ivanli

This thing may cause problem that the other platforms are blocking the adds of crypto-currencies ...they are not allowing it to flourish....what to do in your opinion if they are banning it..should we invest or not...