$104,570.00
0.29%$2,511.38
0.67%$2.17
0.99%$642.39
0.13%$144.90
-0.37%$0.9998
0.00%$0.273649
1.01%$0.170075
1.46%$2,508.16
0.63%$0.598145
0.41%$104,496.00
0.21%$37.00
-4.82%$3,034.06
0.88%$493.75
7.05%$2.84
1.42%$13.10
1.98%$8.99
-2.06%$0.249739
0.22%$17.95
-2.24%$2.95
1.35%$49.46
0.70%$0.999806
0.01%$0.00001156
-0.21%$2,508.37
0.54%$2,686.30
0.55%$84.96
0.34%$1.00
0.15%$0.14672
0.34%$314.17
-1.56%$0.999962
-0.06%$3.56
-1.76%$4.26
0.39%$104,488.00
0.26%$7.57
1.75%$0.00001032
1.81%$0.533188
-0.41%$253.13
-1.98%$1.18
-0.00%$52.87
10.51%$350.52
1.06%$1.00
0.00%$0.091159
-1.82%$4.39
0.47%$5.06
-0.05%$2.19
2.04%$175.31
-0.46%$1.056
0.01%$16.61
1.78%$0.768351
3.00%$29.27
-0.34%$1.00
0.14%$0.632445
8.88%$4.42
0.13%$15.56
2.66%$9.31
0.35%$0.02153239
0.52%$0.070136
-0.76%$4.01
0.96%$104,296.00
0.19%$0.683851
4.62%$0.285063
3.09%$0.080678
-0.83%$0.187682
0.99%$3.20
0.40%$2.35
-0.41%$1.002
0.11%$0.937625
3.10%$2,509.97
0.72%$1.001
0.37%$0.301382
0.90%$4.36
-0.06%$0.170269
1.59%$0.999677
-0.01%$98.64
-1.74%$11.04
-0.16%$153.27
-0.17%$1.34
-1.62%$1.22
0.56%$0.404237
2.05%$0.01765474
1.15%$2,856.90
0.61%$2,627.54
0.49%$1.64
-1.96%$11.38
4.73%$1.68
1.45%$0.00001415
1.49%$0.189138
11.92%$1.031
-9.12%$0.174906
6.70%$0.321558
0.02%$0.999997
0.01%$1.001
0.13%$0.563933
2.45%$0.999389
-0.03%$0.614204
0.81%$0.057558
-0.50%$2,684.63
0.89%$2,630.70
0.49%$0.01443349
-2.61%$104,286.00
0.26%$642.67
0.17%$3,390.94
-0.49%$104,408.00
0.12%$2,644.71
0.59%$3,372.30
-0.54%$0.08321
0.59%$105,422.00
0.91%$0.508349
-0.08%$0.586625
1.82%$0.792171
1.08%$1.11
0.01%$2.29
6.31%$0.406062
1.06%$0.894587
9.39%$2.55
-7.13%$161.72
-0.38%$0.00007414
1.09%$2,709.71
0.74%$188.45
-0.59%$111.48
0.01%$2.20
0.41%$0.772607
1.40%$0.67914
0.49%$41.79
0.87%$0.999186
-0.01%$19.67
-0.28%$0.01424996
0.95%$1.094
-0.09%$0.163542
0.74%$31.51
2.98%$0.00000063
1.84%$0.253227
-0.35%$3.79
2.24%$0.01259594
1.97%$0.997578
-0.03%$104,011.00
-0.25%$2.21
9.14%$0.00933066
2.26%$0.434713
-0.56%$1.00
0.03%$0.097614
0.18%$0.532001
-0.49%$2,507.53
0.44%$104,182.00
0.17%$0.545306
0.58%$0.342934
-0.22%$2,507.89
0.41%$0.206865
0.71%$36.83
-4.82%$2,628.69
-0.51%$0.48865
-1.37%$2,686.86
0.89%$104,537.00
0.46%$2,513.41
0.66%$0.632277
1.34%$1.41
0.45%$0.998196
0.12%$8.53
0.60%$0.252888
-0.06%$0.013746
1.03%$50.73
1.55%$0.40805
-1.35%$36.79
-4.74%$0.169873
1.59%$0.060823
-0.65%$0.999799
-0.00%$2.34
4.91%$1.00
-0.02%$0.04259718
1.95%$0.999845
0.00%$0.00000042
1.45%$37.35
0.10%$1.091
0.01%$1.32
-1.75%$1.001
0.19%$0.507665
-0.22%$1.38
-1.31%$2,508.27
0.58%$5.56
1.70%$13.67
0.92%$0.386975
-3.53%$0.00001927
2.95%$2,669.40
0.71%$1.002
0.18%$0.317938
-1.00%$0.111724
0.27%$0.0040531
4.29%$0.992958
2.10%$0.072713
1.01%$1.20
1.01%$0.508035
0.24%$0.370689
-4.52%$0.00630938
-0.93%$2.23
-0.77%$0.00411325
0.23%$5.36
0.95%$2,767.46
0.54%$1.41
4.90%$0.03501985
-0.22%$0.01753509
0.67%$0.00000086
0.53%$0.160825
2.21%$0.334258
-0.08%$2,740.99
0.52%$0.00332513
0.13%$0.03327795
1.64%$0.126582
-3.31%$104,614.00
0.13%$0.130377
-0.08%$2,510.49
0.24%$104,047.00
0.28%$19.49
-0.32%$1.00
0.03%$0.998698
-0.05%$0.00005729
0.00%$0.03163506
-9.12%$1.002
0.18%$157.59
-0.60%$0.4664
0.11%$1.13
-0.46%$0.727983
-3.34%$0.00000149
-2.67%$2,510.39
0.58%$0.00356496
0.15%$0.999825
-0.01%$0.744243
0.63%$0.06352
-0.43%$111.25
0.88%$0.997501
-0.66%$0.290478
-1.13%$104,391.00
0.12%$17.95
-2.59%$0.617039
2.33%$0.00528959
1.21%$1.013
-0.39%$1.70
1.31%$9.32
0.98%$0.187618
0.79%$0.600461
1.35%$102,160.00
0.42%$2,099.38
0.36%$0.18689
-0.89%$6.24
1.30%$102,431.00
-0.12%$0.01656483
-5.79%$0.00362644
0.27%$0.415876
0.79%$19.76
0.69%Reading
An ambitious attempt to create a trustless version of Bitcoin for use on the Ethereum network has failed after just two days. Developer Matt Luongo announced he was pulling the plug on tBTC today on Twitter, adding that he will soon release a post-mortem on what went wrong.
“tBTC lasted on mainnet two days. Alas, it was born before it's time. Goodnight, sweet prince,” tweeted Luongo, adding, “We've pulled the red lever, pausing deposits for the next 10 days, and are helping users drain funds. We'll publish a full post-mortem when confirmed... and we will rise again.”
tBTC lasted on mainnet two days. Alas, it was born before it's time.
Goodnight, sweet prince🌹
We've pulled the red lever, pausing deposits for the next 10 days, and are helping users drain funds. We'll publish a full post-mortem when confirmed... and we will rise again.
— Matt Luongo (@mhluongo) May 18, 2020
Tokenized versions of Bitcoin are ways of bringing the world’s number one cryptocurrency and making it usable on the Ethereum network. The tokenized form of Bitcoin can then be used in decentralized finance apps and within other decentralized apps.
tBTC is one form of tokenized Bitcoin. It uses smart contracts to lock up a certain amount of Bitcoin, and unlock a tokenized version of Bitcoin—of the same amount—on the Ethereum network.
According to data from BTConEthereum.com, a total of 7.13 Bitcoin, or roughly $68,000, is locked up in tBTC at time of writing. This is peanuts compared to the more well-known Wrapped Bitcoin (WBTC) project, which has 2,296 Bitcoin locked up, worth $22 million. But it’s not bad for its first two days.
Unlike Wrapped Bitcoin, tBTC was designed to be more decentralized. While Wrapped Bitcoin depends on several companies in the crypto space to oversee the whole operation, tBTC had no such dependencies. But, by relying fully on smart contracts, its code had to be faultless. And this is likely where things went wrong.
Bitcoin is the world’s first, largest, and most-recognized crypto asset. Since Bitcoin’s creation over a decade ago, the technology behind the revolutionary “peer-to-peer electronic cash system” has largely remained the same. But Bitcoin isn't the be-all and end-all of cryptocurrency. On smart contract blockchains such as Ethereum, developers have created a thriving decentralized finance (DeFi) ecosystem. In order to use Bitcoin within Ethereum's DeFi ecosystem, it's necessary to create an ERC-...
“TL;DR on what happened?” asked Anthony Sassano, product marketing manager at Set Protocol. “Smart contracts are very hard,” replied designer Richard Burton.
Smart contracts are very hard
— Richard Burton (@ricburton) May 18, 2020
Smart contract bugs can have devastating impacts. In one instance, just a few lines of code broke The DAO, an organization built on the blockchain, which hoped to distribute funding to projects. It lost 3.6 million Ethereum, worth $50 million at the time.
And they’re surprisingly common. A report in August 2019 found that 25% of all smart contracts contained serious bugs and 60% of all projects looked at had at least one security issue, according to Bitcoin.com.
With the bug in mind, stopping the tBTC project should reduce the risk of anyone losing money. But that developers were able to stop it raises questions over how decentralized it really was to begin with.
Quantum computers weren’t expected to pose a threat to Bitcoin’s security anytime soon. But IBM has launched a project that could expedite the timeline: the world’s first fault-tolerant quantum computer, set to debut by 2029. Despite their ability to calculate in multiple directions simultaneously, current-generation quantum computers have high error rates. Without fault tolerance, and the ability to detect and correct errors as they happen, quantum computers can’t run complex algorithms that wo...
Earlier this month, President Donald Trump signed a sweeping set of executive orders aimed at deregulating commercial drones, flying cars, and supersonic jets—on a promise of “restoring America’s airspace sovereignty.” But as the skies open to innovation, national security experts are sounding alarms: the drone revolution is already being weaponized. From warzones in Iran and Ukraine to insurgent strikes in Africa and the Middle East, commercial drones are no longer just tools of progress—they’r...
After launching a high-end, cyberpunk-style electric motorbike that costs more than some used cars, Andreessen Horowitz-funded Brooklyn startup Infinite Machine is finally getting practical. It just unveiled the Olto: a $3,495 electric scooter that looks like it escaped from an industrial designer’s mood board. (That's not surprising since the company was founded by brothers Joseph and Eddie Cohen, both erstwhile Apple employees.) It’s the second vehicle from Infinite Machine, whose first produc...
