Highlights: EOS scores a trash fire hat trick, an exchange implementation enables Tether double-spends, and the LOOM Network adds Plasma Cash.

EOS Learns About Blockchain, Proposes New Constitution

Source: Block.one | Twitter | Twitter Again

EOS founder Dan Larimer learned something useful about blockchain tech recently: the integrity quickly falls apart if users can’t be trusted to manage their private keys. EOS has also proposed a v2 of their Constitution to implement the “lessons learned” thus far. In short, the new constitution would put a wall between Block.one and dispute resolution (sort of - see article below). It proposes getting rid of all arbitration orders except those related to the interpretation of the code, limiting the scope of block producers’ responsibilities to the system contract, and placing the responsibility of defining and enforcing resolution terms to individual contract developers. The revision is not necessarily illogical; however, it is in nearly diametric opposition to EOS’s original mission. Placing decision-rendering on the application layer as opposed to the base protocol layer removes much of the unique value EOS promised, leaving users with a platform that looks very much like any other blockchain.

...and Stakes Their Tokens for Voting Control....

Source: Block.one | Twitter

In a statement on their website, EOS “recognizes its responsibility” to participate in block producer voting, and will therefore begin allocating its significant voting power - 90 million tokens’ worth - to block producers who “share [EOS’s] core values.” To reiterate: Block.one, which holds almost enough voting power to single-handedly elect all of the network’s block producers, will only be giving their vote to those who will fall in line behind their philosophies and support the newly-proposed Constitution.

...While Whales Are Hoarding All The RAM

Source: Twitter

To close out the EOS FUD Trilogy, developers may find RAM in short supply. The price of RAM on the EOS network has skyrocketed over the last 48 hours - approximately $10 per account - as a small section of speculators have purchased around 95% of the available supply.

Tether Double-Spend

Source: Twitter

Twitter had a momentary flare of panic yesterday as news of a Tether double-spend began to circulate. In reality, the issue was related to a single exchange implementation - specifically, an implementation which did not check the “valid” flag on a transaction - and doesn’t seem to be much cause for alarm (as long as the exchange addresses the issue quickly).

BitDB Service Launches for BCH Network

Source: BitDB

BitDB is a new service launching for the Bitcoin Cash network. BitDB, built on MongoDB, reads data from the OP_RETURN transaction field and dumps it into a database. The service enables developers to build applications and query the API without the need to run their own node.

Ontology Mainnet Preparing for Launch

Source: CoinDesk

The Ontology (ONT) mainnet plans to go live tomorrow, according to CoinDesk. ONT, an enterprise blockchain solution with roots in NEO, will utilize a similar two-token model. ONT holders can find information about the token swap, including instructions for a manual exchange, in the source link above. One note: CoinMarketCap is inflating the value of ONT by over three times the actual value, based on Ontology’s own estimate. Watch out for market reaction when the information is updated.

Nano Beta Network Relaunches

Source: Reddit

Nano has relaunched their Beta network, according to an announcement on their subreddit. Instructions for building a node and connecting can be found in the post linked above.

tZero Receives $160 Million Investment From Private Equity Firm

Source: Business Wire

tZero, a subsidiary of Overstock.com, announced today that Hong Kong-based equity firm GSR intends to participate in tZero’s Security Token Offering (STO). The $160 million investment will extend tZero’s STO until August 6, 2018. tZero will use investment capital to fund the development of a security exchange platform, a partnership with BOX Markets.

Expedia Stops Accepting Bitcoin

Source: Ethereum World News

Expedia has confirmed that it will no longer accept Bitcoin as a form of payment. No official reason has been given, although the source article speculates that price volatility is a likely factor.

Binance Enables EOS Deposits

Source: Reddit

Binance has enabled EOS deposits, though some users seem to be experiencing issues (documented in the comments of the Reddit post linked above). Withdrawals are not yet available as of the time of this writing.

Plasma Cash Now Available on Loom Sidechains

Source: Medium

Loom has launched its implementation of Plasma Cash, bringing ERC721 tokens to the Loom sidechains. This is a big upgrade to the user experience: interactive games can be played out on the sidechain without having to wait for transactions to complete with every individual move. Loom is continuing to work with Plasma to bring implementations of ERC20 tokens and ETH to its network.

Daily Sellout

ICO Sim Idle Game!

Play It Here

We've launched version 2 of our ICO Sim Idle Game! Launch your own coin, meet milestones on your roadmap, hire the best shillers in the business, and finally, culminate all that worth into a lucrative exit scam. You'll need the Nebulas wallet extension and some NAS to play - you can find resources for both on our homepage. The path to your very own moon Lambo starts here.

Like what you're reading? Stop by Twitch to contribute to the daily news curation. Or, check us out on Twitter and YouTube to keep up-to-date.

Written content adapted by @thepinkfreudian.