The Federal Reserve Bank of Boston and the Digital Currency Initiative
at MIT released key findings on Thursday of their CBDC experiment dubbed Project Hamilton — and the results are promising. Research shows
the code base for one of the two designs for a Fed-backed digital dollar is capable of handling 1.7 million transactions per second. According to MarketWatch
, the throughput is 2.5 times the number of transactions Visa can handle on its network. NBD, right?
Wormhole — a popular decentralized crypto platform that offers bridges between multiple blockchains — is the apparent victim of a hack worth more than US$325 million.
The crypto community raised alarm bells almost immediately when users spotted the suspicious activity. Wormhole is working to recoup the lost ETH and kudos to community members (warning: profanity in this Tweet
) for calling out and heavily documenting the hacker’s nefarious actions. For those who gripe about blockchain calling it the “Wild West,” there are more allies in the space who will quickly defend the network and help protect users. 🐱💻
Want to know more about smart contract security? Ether Capital’s CTO Shayan Eskandari caught up with ConsenSys — a leading software provider for Ethereum — earlier this week to talk about building secure smart contract technology and important things to watch out for. Here’s a link to the recording
Alberta is hoping to become the next thriving crypto metropolis 🏙️, according to Doug Schweitzer, Alberta’s minister of jobs, economy and innovation. “This is an area of huge disruption and we want to make sure we’re there in that market,” he said during an interview with BNN Bloomberg on Thursday.
We tip our hats to Schweitzer as it’s great to see government officials express a keen interest and desire to support the industry. 💡