In the Spotlight
Vitalik Buterin Calls Consortium Blockchains a Failure and Backs Cryptographic Server Upgrades
TLDR: Buterin declared consortium blockchains a failure at Arbitrum Day on July 20, 2024, citing cartel-like structures. He proposed adding Merkle roots and validity proofs to centralized servers as a low-disruption enterprise fix. Buterin defined [...]
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Core Scientific (CORZ) reported a $347.2 million first-quarter net loss as its Bitcoin self-mining revenue fell sharply and high-density colocation became its largest revenue source. In its earnings report published Wednesday, the company reported a [...]
