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Blockchain Nation Miami • April 25-26, 2018

Blockchain Nation Conference an event organized by Crypto World Journal provides a unique platform to learn about the latest trends,…

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Tag: cryptoeconomics

Community Reacts to Vitalik’s April Fools Prank: Fixed Supply EIP (EIP 960) Rejected

Category: Altcoins, Blockchain, Commentary, Ethereum, Finance, News

Community Reacts to Vitalik’s April Fools Prank: Fixed Supply EIP (EIP 960) Rejected

Vitalik Buterin has sent out an April fools prank this year that left the community with some concerns. While his prank consisted of a new fixed supply proposal for Ethereum, called Fixed Supply EIP 960, he later tweeted that whether it was a joke or not, he argued if the community wanted to adopt a new fixed supply implementation then…

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Hullcoin: Can Local Currency Help Stimulate Hull’s Economy?

Category: Altcoins, Bitcoin, Blockchain, Finance, News, Tech

Hullcoin: Can Local Currency Help Stimulate Hull’s Economy?

Volunteers and community workers may soon be able to get rewarded for doing “socially-useful tasks” thanks to a blockchain technology that rewards individuals effort with Hullcoins, of which can be exchanged for discounts at local retailers. Social Good and Local Currencies The idea, which had its inception in 2014, is being spearheaded in Hull, England and was first envisioned by…

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An Introduction to Cryptoeconomics

Category: Cryptocyclopedia

An Introduction to Cryptoeconomics

In this guide, you will be introduced to the concept of cryptoeconomics and how it has given birth to an entirely new digital multi-billion dollar industry. What is Cryptoeconomics? Cryptoeconomics is a concept as well as a new term and, hence, has no official definition yet. According to Ethereum developer Vlad Zamfir, cryptoeconomics is “a formal discipline that studies protocols…

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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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Ethereum’s Vitalik Buterin Emphasizes Importance of ‘Punishment’ in Cryptocurrency

Category: Commentary, Ethereum, News

Ethereum’s Vitalik Buterin Emphasizes Importance of ‘Punishment’ in Cryptocurrency

EDCON, an annual developer event for the Ethereum network, was started off by none other than Vitalik Buterin, the blockchain platform’s leading scientist on February 17. Buterin presented an “Introduction to Cryptoeconomics” where various topics were discussed, and issues with regards to incentives and rewards for the cryptocurrency. Using Bitcoin as an example, Buterin states that to change from a…

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