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Tag: scalability

Plasma and Plasma Cash: The Future of Scaling and Security

Category: Altcoins, Blockchain, Business, Cryptocyclopedia, Development, News

Plasma and Plasma Cash: The Future of Scaling and Security

In March of 2018 Vitalik Buterin introduced Plasma and Plasma Cash as a solution to some of the largest difficulties facing blockchain technology Scaling, security, and verification have long plagued the emerging field of blockchain technology and cast doubt into the minds of potential investors. In 2017, document describing the upgrade came online entitled Plasma: Scalable Autonomous Smart Contracts, written…

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Graphene Compression Merger May Be the Solution to Bitcoin Scalability Issue

Category: Bitcoin, Blockchain, Development, News

Graphene Compression Merger May Be the Solution to Bitcoin Scalability Issue

Eight months after presenting a case for Graphene as a solution to the bitcoin cash blockchain’s scalability issue, Bitcoin Unlimited has unveiled its block compression utility that takes care of excessive blockchain bandwidth usage. Presented in November 2017 at a developers conference, Graphene uses what has been described as “crazy math” to reduce a 1MB block to 2.6KB, potentially revolutionizing…

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South Korea Mobile Carrier KT Reveals Blockchain Commercial Network

Category: Adoption, Blockchain, Business, News

South Korea Mobile Carrier KT Reveals Blockchain Commercial Network

Korea Telecom (KT), South Korea’s second largest mobile carrier, announced on July 24, 2018, their new blockchain commercial network. Fast and Secure Blockchain Implementation The carrier has also allowed users to login via a blockchain ID instead of an IP address, to protect against hackers’ spoofing attempts. This allows for more security and prevents the compromise of identity theft and…

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Shitcoin.com Owner Andreas Brekken Controls 49 Percent of Bitcoin Lightning Node Network

Category: Bitcoin, News

Shitcoin.com Owner Andreas Brekken Controls 49 Percent of Bitcoin Lightning Node Network

Andreas Brekken, the CEO of Shitcoin.com, controls 49 percent of the Bitcoin Lightning Network, according to reports. Speculation and concerns have resulted among users. Lightning Network’s Immense Growth The Bitcoin Lightning Network began its operations six months ago and had since seen stable growth in the number of active nodes and capacity. The capacity of the network then exploded by…

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Lightning Network-Powered Pokemon Game Displays Ease of Processing Bitcoin Payments

Category: Bitcoin, Blockchain, News, Tech

Lightning Network-Powered Pokemon Game Displays Ease of Processing Bitcoin Payments

A blockchain developer has created a Pokemon-themed game running on the Lighting Network (LN) to prove its technical capability. Move over Kitties As per a TNW report on June 19, 2018, software engineer, João Almeida has created Poketoshi, a Lightning Network-based game merging Nintendo’s classic game with blockchain technology. While blockchains are touted as a disruptive advancement to take the…

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Venture Capital Firm Looking to Privacy and Interoperability Solutions for Blockchain Technology

Category: Blockchain, Business, Finance, News, Tech

Venture Capital Firm Looking to Privacy and Interoperability Solutions for Blockchain Technology

500 Startups is currently looking for more blockchain-based projects focused on solving interoperability and privacy issues. Bonnie Cheung, the venture partner at the firm, believes that these are two key challenges preventing the mass adoption of blockchain technology. Speedy Infrastructure n April 2018, for their Seed Accelerator, they backed Metadium, a platform that provides the infrastructure for providers to develop…

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Egyptian Pound More Flexible than Cryptocurrencies, Says TransferWise CEO

Category: Altcoins, Bitcoin, Business, Commentary, Finance, News, Tech

Egyptian Pound More Flexible than Cryptocurrencies, Says TransferWise CEO

As the paradigm of finance gradually repositions from traditional currencies to cryptocurrencies, it is likely that fiat supporters may find it a hard pill to swallow. In an attempt to oppose this tradition, Kristo Kaarmann, CEO of fintech firm TransferWise, stated that the Egyptian pound has been more beneficial than most digital currencies, pointing to the emerging technology’s scalability issues….

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Upcoming Sidechain Project Tari to Build a Decentralized Assets Protocol on Monero

Category: Altcoins, Blockchain, News, Tech

Upcoming Sidechain Project Tari to Build a Decentralized Assets Protocol on Monero

Building on the work he’s done with Monero (XMR) in the past, core team developer Riccardo “Fluffy Pony” Spagni is primed to launch a decentralized assets framework on the privacy-centric protocol, along with Naveen Jain and Dan Teree. The move is compared to Bitcoin’s colored coins project of 2012, and in more recent times, the Ethereum protocol.   Platform to…

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What is Bitcoin Batching?

Category: Bitcoin, Blockchain, Cryptocyclopedia, Tech

What is Bitcoin Batching?

Batching is a method used to place as many transactions as possible into the limited block space available on Bitcoin’s blockchain. Batching is important because combining multiple outputs and payments into a single operation is space and cost efficient. What is Batching? Batching multiple transactions into one transaction, therefore, creates cheaper and lower fees for everyone on the network. While cryptocurrency…

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Mitsubishi Financial Announces Blockchain Based Payment Settlement Network

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

Mitsubishi Financial Announces Blockchain Based Payment Settlement Network

Japan’s largest bank Mitsubishi UFJ Financial Group (MUFG) announced an agreement with America based Akamai Technologies on May 21, 2018, to develop a new payment network platform based on blockchain technology. The announcement was made via a press release by Mitsubishi. Payment Network Platform on the Blockchain The two companies will develop a payment processing network using the ledger technology….

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