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Tag: consensus

Jaxx Liberty and Unity Token Unveiled by Decentra at Consensus Afterparty

Category: Altcoins, Blockchain, Business, Ethereum, News, Tech

Jaxx Liberty and Unity Token Unveiled by Decentra at Consensus Afterparty

Canada based blockchain technology company Decentral Inc. announced the launch of its next endeavor, dubbed “Decentral project.” Decentral Inc. is the company responsible for the multi-platform cryptocurrency wallet Jaxx. On May 16, 2018, they unveiled three new launches that included Jaxx Liberty, the Decentral Unity token and two new pieces of hardware. Decentral Project Founder Anthony Diiorio made the announcement…

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Cryptocurrency Conference Consensus 2018 Kicks Off with Lamborghinis and Protests

Category: Altcoins, Bitcoin, Commentary, Ethereum, News

Cryptocurrency Conference Consensus 2018 Kicks Off with Lamborghinis and Protests

Lambos are the ultimate status symbols of bitcoin and other crypto whales. Since the massive surge in the price of the world’s flagship digital currency in 2017, crypto billionaires have not ceased flaunting their newfound wealth in ‘sexylambos.’ At this year’s Consensus event organized by industry heavyweights in New York City and taking place over May 14-16, three Lamborghinis were…

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Blockchain-vended Beer Can Soon Become a Reality

Category: Altcoins, Blockchain, Entertainment, News, Tech

Blockchain-vended Beer Can Soon Become a Reality

After the burgeoning of the cryptocurrency sector in 2017, the industry’s next step to move forward with working products, and real world uses-cases that propel blockchain technology and its related sectors as a whole forward. With this in mind, blockchain-based identity verification (IDV) platform Civic shall unveil a fully functional beer vending machine, which verifies identities via the Ethereum blockchain,…

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Weighing the Pros and Cons of the EOS platform

Category: Altcoins, Blockchain, Business, News, Tech

Weighing the Pros and Cons of the EOS platform

EOS developers believe that they found a solution to the scaling problem that currently plagues most cryptocurrencies, including bitcoin and Ethereum. EOS is a smart contract platform that is scheduled to launch its mainnet in June 2018 with its development being led by noted blockchain engineer and developer Dan Larimer. He was also the founder of Bitshares and the co-founder…

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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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