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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For decades, self -driving vehicles have been the stuff of sci-fi movies, but now that we’ve outfitted vehicles with all sorts of sensors, chips, and software. Well, they still kind of are.  You might also like: Decentralized communication is the antidote to an Orwellian dystopia | Opinion That’s not to say the industry is not moving forward—it is producing headlines for exciting new initiatives and concerning incidents. But even some of its pioneers question this progress, and the stories under these headlines feature the all too familiar headliners: Google’s Waymo, Apple, General Motors, among others. One would and should have expected to have more actual disruptors in a market as disruptive as this. The truth is some of the underlying technologies in the stack of a driverless car heavily favor centralization and hug...

Developers love to tout the number of transactions that blockchains can process per second. Unfortunately, that fixation often distracts from other important issues — such as network security. The throughput of blockchains — namely, their ability to process X number of transactions per second (TPS) — is often touted in such a way as to downplay other considerations, such as decentralization and security. The blockchain trilemma, of course, acknowledges that succeeding in all three areas is challenging, though not impossible. There is no denying that throughput and scalability are important, indeed vital if block chains are eventually to become the rails on which the financial system is run. However, there is a major misconception surrounding the metric used to assess the scalability of layer-1s and 2s. Although super-fast blockchains love nothing more than to trumpet their TPS numbers, it is a rather inadequate method for assessing throughput and fails to accurately represent legitim...

The 689 Ether, worth nearly $1.3 million, is the largest reward received since the 691 Ether reward on March 20 paid to Lido. A 689 Ether (ETH) reward worth $1.28 million has been paid from a single Miner Extractable Value (MEV)-boost relay block on the Ethereum Beacon Chain in one of the largest rewards in recent months. Ethereum liquid staking solution Lido was paid the reward from block number 17007842 on the Beacon Chain — which was finalized on April 9, contained 47 transactions and was built by beaverbuild.org, according to transaction data. High Proposer Payment Alert! Validator 0x388c... received 689.02 ETH. Block built by a @beaverbuild builder (0x96a59d...)‍ Slot: 6,181,978. Received through the @GnosisDAO relay.https://t.co/Pv3bqfZMrU — MEV-Boost Bot (@mevproposerbot) April 9, 2023 The reward almost matched Lido’s most recent high of 691 Ether on March 20. The figure raised the eyebrows of Martin Köppelmann, the co-founder and CEO of Ethereum-based infrastructure pl...

The blockchain-based national eKYC banking platform is aimed at strengthening anti-money laundering (AML) capabilities while countering terror financing. Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on the development of a blockchain-based platform for Know Your Customer (KYC) initiatives.  On March 2, PBA signed the project contract for developing Pakistan’s first blockchain-based national eKYC (electronic Know Your Customer) banking platform, reported Daily Times. The move was aimed at strengthening anti-money laundering (AML) capabilities while countering terror financing — an initiative led by the State Bank of Pakistan (SBP). The member banks include international establishments such as the Industrial and Commercial Bank of China, Citi bank and Deutsche Bank. Moreover, the blockchain platform will improve operational efficiencies — primarily aimed at improving customer experience during the onboarding process. A momentous ...

The Russian government doesn’t want to enable Bitcoin for regular Russian people but exclusively for foreign trade entities. The Russian central bank is ready to consider allowing crypto currency use within the country but only as part of a legal experiment, governor Elvira Nabiullina said. “It’s possible to consider transactions through an authorized organization in the country as part of an experimental legal regime, but that would require a relevant law,” Nabiullina stated during a press conference of Bank of Russia on Dec. 16. The Bank of Russia’s only objection has always been that crypto cannot be used as a payment instrument, Nabiullina emphasized. She added that the central bank is also concerned about investor protection because the crypto market is highly volatile. While Russia formally does not prohibit its people from investing in crypto, the Bank of Russia believes that the mass adoption of crypto would inevitably lead to its use as a payment method, according to Bank of ...