THELOGICALINDIAN - Is the North Korean Regime axis to blockchain
Ethereum Foundation researcher Virgil Griffith was charged for actionable federal law afterwards traveling to North Korea to bear a presentation on application cryptocurrency and blockchain. Allegedly, his allocution helped North Korea balk sanctions.
Griffith, 36, holds U.S. citizenship (but resides in Singapore) and claims to be a analysis scientist for the Ethereum Foundation back 2016. He accustomed a PhD in 2014 from Caltech in ciphering and neural systems.
According to the release, he is accused of accouterment abstruse administration in adjustment to “help North Korea acquit money and balk sanctions.” In April, Griffith catholic to North Korea and batten at the Pyongyang Blockchain and Cryptocurrency Conference where, according to officials, he discussed how the North Korean administration could abstain sanctions by application blockchain technology for adulterous purposes — including money laundering. Assistant Attorney General John Demers said:
“Despite accepting warnings not to go, Griffith allegedly catholic to one of the United States’ foremost adversaries, North Korea, area he accomplished his admirers how to use blockchain technology to balk sanctions. By this complaint, we activate the action of gluttonous amends for such conduct.”
Additionally, he encouraged added U.S. citizens to biking to North Korea to appear the aforementioned conference, as able-bodied as in 2024. Griffith additionally advised to abdicate his U.S. citizenship and researched how to acquirement citizenship from added countries, according to the release.
Griffith was arrested at the Los Angeles International Airport and has been answerable with conspiring to breach the International Emergency Economic Powers Act, which carries a best 20-year sentence.
The absolution added that “the allegation in the Complaint is alone an accusation, and the actor is accepted innocent unless and until accurate guilty.”
According to his counterfeit claimed website, he claims his “goals are to betrayal corruption, barrier abuses of power, and with ‘gloves off’ ensure the agenda age never becomes a agenda dystopia.”
Stable CPU prices ability action arrangement overload.
Dan Larimer has proposed a new ability allocation archetypal that will action arrangement bottleneck on EOS. If the angle is successful, it will accord dApp developers bigger admission to the bandwidth assets that they charge to accomplish their apps. In particular, the change should accomplish CPU and NET assets accessible at a added abiding price.
“The distinct better complaint is that CPU is too big-ticket [and] that it is too capricious in agreement of how abundant CPU bandwidth you get at any accustomed time,” Larimer explains in his proposal. He additionally adds that the CPU rental bazaar has become speculative, and, as a result, abounding bodies cannot accomplish abundant EOS to assets CPU.
Larimer’s new angle is about advised to abash abstract activity. It ensures that 100% of CPU is busy from EOS’s arrangement arrangement at all times, accouterments a abrupt (or exponential) amount curve, and makes CPU into a basic resource. These appearance should about-face the activating ability bazaar into a abiding one.
This is not the aboriginal time EOS has approved to break its bottleneck problem. In May, EOS alien REX, a ability barter that allows users to pale their EOS, thereby giving their affirmation to CPU to added users and accept rewards in return. However, REX ran out of EOS as users fabricated ample withdrawals, according to Larimer.
REX has addition botheration as well: abundantly continued cat-and-mouse times. “Lenders end up cat-and-mouse 30 canicule for leases to expire or abeyant renters end up after any EOS for hire because lenders accept asked for their EOS back,” Larimer explains. He concludes that there is no simple band-aid for both parties beneath the accepted REX model.
Despite these failings, REX is still operational. “The acceptable account is that REX is alive as designed,” Larimer says. Lenders can still retrieve EOS from REX, and the new bazaar will still administer rewards to REX users in the future. Of course, this all depends on whether EOS absolutely accouterments Larimer’s solution.
EOS’s advancing bottleneck issues hit a agitation angle this ages due to an airdrop alleged EIDOS. According to Coinbase, EIDOS’s attack is responsible for active up the amount of CPU by over 100,000%. Though it is accessible that the attack will die bottomward in the future, EOS’s CPU prices are aloof as aerial as they were several weeks ago.
Due to this incident, two dApps are advancing to leave EOS. The amusing arrangement KARMA has absitively to move to an EOS sister alternation alleged WAX. Meanwhile, the bank app EarnBet has appear that it will leave EOS aural a ages unless block producers absolute spam transactions. It does not see Larimer’s angle as a solution.
This may not advance to a accumulation exodus, however. Given that DApps migrate between blockchains frequently, and accustomed that EOS has about 500 dApps, the accident of two projects will not decidedly aching the blockchain. That said, Larimer’s angle will be alien gradually, so added projects may accurate annoyance with EOS in the meantime.
