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Stanford University professor David Tsè said his team’s research had revealed a security property between Bitcoin and proof-of-stake protocols. Less than a year after proof- of- stake (PoS) became the consensus mechanism for the Ethereum blockchain — the industry’s largest blockchain network — researchers have found that PoS can complement Bitcoin.  Stanford University professor David Tsè spoke to Cointelegraph at the 2023 Bitcoin Builders conference in Miami, Florida, about his team’s findings on Bitcoin, PoS, security and energy consumption.  Cointelegraph reporter Joe Hall and Stanford University professor David Tsè at Bitcoin Builders 2023. Source: Cointelegraph Tsè facilitates a research lab specializing in blockchain consensus protocols at Stanford University in California. He said the first consensus protocol it looked into was Bitcoin’s  proof- of-work (PoW) protocol. “Bitcoin was like our first love,” he said. Through this “deep understanding” of Bitcoin and then an unders...

Join Our Telegram channel to stay up to date on breaking news coverage Justin Sun, the CEO of Tron, recently offered Binance, the world’s largest exchange by volume, to purchase his ownership stake in Huobi — one of Binance’s major rivals. However, according to an unnamed individual familiar with the matter, Binance decided to turn down the offer. Binance appears to have no interest in buying Huobi due to the rumors of the exchange having ties to mainland China. Binance itself wants nothing to do with China, according to the insider. Furthermore, only about a month ago, Justin Sun stated in an interview that Huobi wishes to obtain a license in Hong Kong and launch a new subsidiary there. The new exchange would simply be Huobi’s Hong Kong branch, known as Huobi Hong Kong. Sun’s own involvement with Huobi is currently also unknown to the public. While he does have an ownership stake, Huobi was bought by another company called About Capital in October...

While LidoDAO’s current inflows of about 1000 stETH are sufficient to cover operating costs for the time being, it’s worried that may not last. The decentralized autonomous organization (DAO) behind Lido — the largest Ethereum staking pool — is deliberating whether it should sell or stake the $30 million in Ether (ETH) from its treasury. A proposal was submitted on Feb. 14 by the DAO’s financial unit, Steakhouse Financial that considers four choices, one of which contemplates staking part or all of its ETH on Lido in the form of Lido Staked ETH (stETH). Another would see Lido DAO selling a part or all of its 20,304 ETH for a stablecoin, with the purpose being to extend the DAO’s runway. The four proposals (pictured) submitted by Steakhouse Financial to the LidoDAO asking how it should manage its treasury. Source: Lido The proposal comes as ETH staking withdrawals will soon be enabled through Ethereum’s Shanghai and Capella upgrades expected to take place sometime in earl 2023 accordin...