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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: cryptography

The History of Bitcoin Part 2: Bit Gold

Category: Bitcoin, Cryptocyclopedia, Mining, News, Tech

The History of Bitcoin Part 2: Bit Gold

Read Part 1 of the History of Bitcoin series here. While bitcoin is the first functioning decentralized digital peer-to-peer payment system, it has several predecessors that have helped to shape its existence. It will be these forerunners that will make up our discussion in ‘The History of Bitcoin’ series. What is Bit Gold? In a 2010 forum post, Satoshi Nakamoto…

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Artist Tempts Bitcoin Enthusiasts with $10,000 Secretly Encoded in Lego Art

Category: Bitcoin, Entertainment, News

Artist Tempts Bitcoin Enthusiasts with $10,000 Secretly Encoded in Lego Art

Artist Andy Bauch has rendered artworks made of images generated using real-time virtual wallet addresses. Feeding the string of address letters and numbers through an algorithm produced a series of patterns that Bauch has employed to generated Lego “paintings” that contain the wallet address for anyone to claim the funds in the form of bitcoin. Every piece of art is…

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MIT Criticizes IOTA: “Gaping Hole in its Software” and Deceptive Marketing

Category: Altcoins, Blockchain, Commentary, News, Tech

MIT Criticizes IOTA: “Gaping Hole in its Software” and Deceptive Marketing

On December 20, MIT Media and the MIT Digital Currency Initiative (DCI) issued a public statement written by DCI Director Joi Ito, refuting an article published by the institution’s own MIT Technology Review about IOTA’s potential to outperform bitcoin. MIT DCI Criticizes IOTA On December 14, MIT Technology Review’s Mike Orcutt published an article entitled “A Cryptocurrency Without a Blockchain…

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Zcash is Blazing a Trail to the Future of Cryptography

Category: Altcoins, News

Zcash is Blazing a Trail to the Future of Cryptography

Zcash developers have made a significant breakthrough in the mathematical development of the proving systems for the shielded addresses that fuel Zcash by introducing a new variation of elliptic curve cryptography which is more efficient and speeds up the hashing process tremendously. This new development will be included with other substantial improvements to Zcash in the Sapling upgrade, and if…

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The Equifax Credit Reporting Breach: Is Blockchain The Answer?

Category: Blockchain, News

The Equifax Credit Reporting Breach: Is Blockchain The Answer?

In a recent development in the U.S. that sent shockwaves through the world of personal finance, credit reporting agency Equifax announced that they had been breached, compromising the personal information of over 143 million Americans. The potential impact of this is profound as it amounts to over 40 percent of the U.S. population. In this attack hackers captured troves of…

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MIT and Boston University Researchers Find ‘Vulnerabilities’ in IOTA Code

Category: Altcoins, News, Tech

MIT and Boston University Researchers Find ‘Vulnerabilities’ in IOTA Code

MIT Media Lab researchers Neha Narula, Thaddeus Dryja, Madars Virza and Boston University researcher Ethan Heilman discovered a cryptographic vulnerability in the code of the ninth largest cryptocurrency by market share, IOTA. IOTA’s Code Vulnerability According to a blog post by Neha Narula, Director of the Digital Currency Initiate at MIT Media Labs, the researchers analyzed the repositories of the…

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No ICO or Outside Investors, Just Community Altruism: How a Ph.D. Mathematician was Onboarded to ‘Future Proof’ Monero

Category: Altcoins, News, Tech

No ICO or Outside Investors, Just Community Altruism: How a Ph.D. Mathematician was Onboarded to ‘Future Proof’ Monero

It seems that everyone is in crypto because they have dollar signs in their eyes. ICOs are making a lot of noise in the cybersphere; many projects have no working prototype and want to change the world with just a white paper. Away from the buzz and hype, in the background is Monero showing some real progress; the strong and…

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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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A Guide to Mining Bitcoin

Category: Mining

A Guide to Mining Bitcoin

In this guide we explain what exactly bitcoin mining is and how to get started. What is Mining? Mining is the term used to refer to the process of bringing bitcoin into existence. While a bitcoin does not exist in a physical form, computers around the world mine bitcoin, which basically means that they verify transactions and record it onto…

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BitCAD to Develop a Decentralized System for Biometric Identification

Category: News, Tech

BitCAD to Develop a Decentralized System for Biometric Identification

BitCAD, an international project focused on developing cryptographically secured smart platforms, has announced that they are working on a decentralized solution for biometric identification. While the market in question seems to have crystallized, the issue goes a bit deeper, so a blockchain-based system might find its niche as it could provide something its centralized peers fail to accomplish. Existing Systems…

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