Tag: blockchain

Despite the prolonged bearish market and regulatory uncertainty surrounding Bitcoin – the demand for talent related to Bitcoin and the blockchain technology has seen a steep rise in the year 2018, according to a report published by Glassdoor on October 18, 2018. Blockchain Technology Emerges as a Popular Hot Skill The distributed ledger technology (DLT) has undoubtedly introduced a slew…

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Blockchain is primed to disrupt the future of business as we know it, and German lawmakers are all for it. The CDU/CSU and SPD coalitions (major German political parties, for the uninitiated) aim to lead the European blockchain charge in developing a comprehensive blockchain strategy that fosters innovation and nurtures fledgling businesses in this new space. To fully unleash blockchain’s…

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While the International Word Bank Organization believes that distributed ledger technology (DLT) could fundamentally transform the existing financial sector, the World Payments Report 2018, published on October 16, 2018, concludes DLT cannot keep up with the financial market demands due to many problems and challenges facing DLT adoption. Public DLT Technology Faces Many Limitations and Challenges The World Payment Report 2018…

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A lawsuit claiming damages of $152 million involving Augur, a cryptocurrency betting platform for predicting real-world events, has been reportedly settled off-court. As for now, San Francisco county court records show the case as dismissed. The Build-up to the Settlement The private lawsuit was filed in April 2018 by Matthew Liston, the former disputed CEO of Augur, against the three…

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In early-October 2018, reports detailing a rise in the number of empty blocks on the Ethereum blockchain came to light. Using data from the Ethereum network, data analytics firms, as well as media companies were able to confirm the presence of a disproportionately high number of blocks devoid of any data related to transactions sent over the network. Moreover, mining…

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There is perhaps no doubt that blockchain, cryptocurrency’s underlying technology, has soared in popularity over the past few years. Top colleges, including Princeton University, the University of California Berkeley and Cornell University, are now offering courses dedicated to cryptography and blockchain. Even MIT’s edX online platform hosts a variety of courses on the topic, in partnership with Berkeley and The…

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The past few years has seen the rise of several blockchain-based decentralized social networks. While the Steemit platform was one of the earliest introductions back in 2016, more recent launches have proved that traditional social media can also be revolutionized. Mastodon, for instance, is an extension of Twitter that offers moderation and the ability to run independent communities. Now, a…

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A press release published October 11, 2018, shows that sales of semiconductors and other crucial circuitry needed for all electronics continues to increase after demand from the IoT and blockchain technology sectors.  The release states that sales reached $40.16 billion in August 2018, a 15 percent increase from 2017. Sales also reported growing 1.7 percent since July 2018, showing steady…

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While cryptocurrencies witness breakthroughs with each passing day, some of the challenges being faced by the underlying blockchain technology cannot be overlooked. One such major obstacle is the issue of scalability. The lack of scalability in the major crypto blockchains, i.e., Bitcoin and Ethereum vastly limit the maximum number of transactions that can be processed by a blockchain at a…

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The democratized and distributed nature of the Internet has endeared it to the masses since it moved into the mainstream in the early nineties. As we are moving towards the so-called Web 3.0, we will need new ways to demonstrate a brand or an individual’s reputation online. That is where the blockchain can help. Web 2.0 Today, the Internet is…

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