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BitBrum • November 19, 2017

  Cryptobates Group and Inspiring Co. are delighted to announce Birmingham’s inaugural BitBrum cryptocurrency and blockchain conference to be held…

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Tag: consensus

Air: A Secure Digital System for Enhanced Identity Management

Category: Blockchain, Business, News, Tech

Air: A Secure Digital System for Enhanced Identity Management

Blockchain technology is progressively becoming the Holy Grail for disruption throughout many industries. From new financial applications up to new ways of managing and distributing charity funds, the technology underpinning Bitcoin is making its way into everyday life. Currently, there are a lot of projects in development; some are more concerned with the financial application and the creation the so…

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PIVX Puts Users at the Forefront of Governance

Category: Altcoins, Blockchain, News

PIVX Puts Users at the Forefront of Governance

The privacy-focused cryptocurrency, PIVX, announced a change in its voting system to ensure true decentralization, putting users at the forefront of governance. Since the inception of Bitcoin, it could be argued that blockchain consensus has slowly veered away from the principle of decentralization. In the case of Bitcoin, with the miners unwilling to adopt the SegWit upgrade and a division…

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#UASF: Power to the Users?

Category: Bitcoin, Blockchain, Commentary

#UASF: Power to the Users?

When the miners display inertia, the users do it by themselves; the movement for BIP148, the user-activated soft fork, is gaining momentum. On August 1 the soft fork will activate. We explain what is behind the keyword #UASF. Suddenly things can happen quickly. Front and center in the Bitcoin community these days you see the promotion of #UASF, the User-Activated…

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Vitalik Buterin Confirms Ethereum’s Proof of Stake 75 Percent Complete

Category: Blockchain, Ethereum, News, Tech

Vitalik Buterin Confirms Ethereum’s Proof of Stake 75 Percent Complete

At the Taipei Ethereum Meetup, Vitalik Buterin, one of the co-founders and lead developers of Ethereum, revealed that the development of a proof of stake protocol for the Ethereum network is 75 percent complete. Prior to the announcement of Buterin, in a recent interview, Ethereum Foundation member and Ethereum co-founder Hudson Jameson released the foundation’s official roadmap for Ethereum development…

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As Ethereum ‘Ice Age’ Approaches Community Votes on Mining Reward Cut

Category: Blockchain, Ethereum, News

As Ethereum ‘Ice Age’ Approaches Community Votes on Mining Reward Cut

The Ethereum blockchain currently uses a Proof-of-Work consensus mechanism to verify transactions and to produce new ether coins. That means that ether miners require large amounts of computational power to process and verify transactions to receive new coins. Running a blockchain using a Proof-of-Work consensus mechanism, however, creates the problem of scalability as can currently be witnessed by the Bitcoin…

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Welcome to the World of Blockchain Consensus Protocols

Category: Blockchain, News, Tech

Welcome to the World of Blockchain Consensus Protocols

For cryptocurrency transactions to be conducted successfully, they need to be confirmed by the blockchain. These confirmations are based on what are referred to as consensus mechanisms.  According to KPMG: “In distributed ledgers, a consensus mechanism is the way in which a majority, (or, in some mechanisms, all) of network members agree on the value of a piece of data…

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Could a User-Activated Soft Fork Solve Bitcoin’s Scalability Challenge?

Category: Bitcoin, Blockchain, News, Tech

Could a User-Activated Soft Fork Solve Bitcoin’s Scalability Challenge?

How to address Bitcoin’s scalability issue has turned into a heated discussion in the Bitcoin community and no agreement has yet been reached. As it stands, it looks like no agreement will be achieved anytime soon, which is threatening bitcoin’s use as a payment network as the number of unconfirmed transactions is increasing, and micropayments are becoming increasingly difficult to…

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Alternative Implementation Bcoin Mines its First Block

Category: Bitcoin, Blockchain, News

Alternative Implementation Bcoin Mines its First Block

BTC.com successfully completed midwife duties for the very first Bcoin block that made it onto Bitcoin’s mainnet. Block #457010 timestamped 04:30:51 on March 13 was found; some blocks were orphaned in the making. On February 10, Bcoin, Purse.io’s Bitcoin full node reimplementation of the Bitcoin consensus protocol, was publicly released into the wild. BitPagos had been the first to run…

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The World’s Biggest Mining Pool Mines a couple of Bitcoin Unlimited Blocks

Category: Bitcoin, Blockchain, News

The World’s Biggest Mining Pool Mines a couple of Bitcoin Unlimited Blocks

AntPool, the world’s biggest Bitcoin mining pool, finally makes its actions speak rather than its words. After complaining about the unsolved capacity problems, the pool mined a couple of Bitcoin Unlimited blocks. But the story is far from clear. You can say a lot of things about Jihan Wu; as the co-founder of BitMain, the world’s most important manufacturer of…

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Self-Amending Blockchain Tez0s Gears up for Q1 2017 ICO

Category: Altcoins, Bitcoin, Ethereum, News, Tech

Self-Amending Blockchain Tez0s Gears up for Q1 2017 ICO

Change in cryptocurrency is usually a hassle, with an overwhelming majority of users required to upgrade and install a new version of the software to reach a consensus. Tez0s presents a more elegant solution, with their code allowing for Tez0s’ users to vote for changes in the protocol democratically, as well as changes to the actual voting procedure itself. Tez0s…

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