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Blockchain Day Emirates • December 15, 2018

Blockchain Day Emirates – is an event that brings together the world’s leading visionaries, innovators, and thinkers to explore new…

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Tag: storage

Introducing the Concept of Storage Taxes in the Ethereum Ecosystem

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

Introducing the Concept of Storage Taxes in the Ethereum Ecosystem

While cryptocurrencies witness breakthroughs with each passing day, some of the challenges being faced by the underlying blockchain technology cannot be overlooked. One such major obstacle is the issue of scalability. The lack of scalability in the major crypto blockchains, i.e., Bitcoin and Ethereum vastly limit the maximum number of transactions that can be processed by a blockchain at a…

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DNA: The Safest Way to Store your Bitcoin Fortune

Category: Bitcoin, Blockchain, Crime, Finance, News, Platform

DNA: The Safest Way to Store your Bitcoin Fortune

To date, storing cryptocurrencies securely remains a significant concern for bitcoin enthusiasts. To address this challenge once and for all, Carverr has created a hack-proof way for digital assets investors to store their DLT-based virtual currency wallet passwords or private keys in a microtube of DNA, as first reported by CNET on August 28, 2018. Bitcoin Meets Genetics DNA (Deoxyribonucleic acid)…

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Move Over Cold-Wallets, The World’s Elite Store $10 Billion Worth of Bitcoin in Cold-Vaults

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

Move Over Cold-Wallets, The World’s Elite Store $10 Billion Worth of Bitcoin in Cold-Vaults

While cryptocurrency traders around the world debate over the best hardware coin-storage wallets, the world’s elite-class choose military-grade cold vaults to protect their digital assets. Compared to a wallet the size of a pen-drive, these cold-vaults are located in caves in mountainous locations, protected by iron gates, reinforced concrete, and satellite monitored security, in order to store billions of dollars…

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Trezor’s Risk Mitigation Method for Bitcoin Users

Category: Bitcoin, News

Trezor’s Risk Mitigation Method for Bitcoin Users

The recently discovered vulnerability of the Bitfinex trading platform encouraged users to question the security measures of the multi-signature technology and companies offering such protection to exchanges. While BitGo and other exchanges including Bitstamp reassured users of their multi-signature protected platforms, bitcoin experts reinstated that regardless of the add-on security measures of a platform, exchanges are subjected to hacking attacks…

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Kim Dotcom Utilizing Bitcoin with ‘BitCache’ for Megaupload 2.0

Category: Bitcoin, News, Tech

Kim Dotcom Utilizing Bitcoin with ‘BitCache’ for Megaupload 2.0

Kim Dotcom announced today that the re-launch of Megaupload, slated for 20th January 2017, will be accompanied by a feature known as ‘BitCache’. This feature will link Bitcoin micropayments to transfers on Megaupload, possibly rewarding user’s whose uploads are frequently downloaded with the cryptocurrency. While it is not totally clear how ‘BitCache’ will work but will be without a doubt…

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BNP Paribas Fortis: Bitcoin Vault Project Does Not Exist

Category: Finance, News

BNP Paribas Fortis: Bitcoin Vault Project Does Not Exist

BNP Paribas Fortis, an international bank based in Belgium and a subsidiary of BNP Paribas has denied its involvement with a bitcoin vault project which supposedly allows customers of the bank to store bitcoin in a safe storage with other financial assets. The spokesperson of BNP Paribas Fortis told Coindesk, “I will disappoint you because we do not have a…

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Better Than Dropbox: Sync.com Accepting Bitcoin for Encrypted Cloud Storage

Category: Business, News

Better Than Dropbox: Sync.com Accepting Bitcoin for Encrypted Cloud Storage

Cloud storage for business and personal use has been on the rise for the last decade. Companies like Google and Dropbox have dominated the market, offering large amounts of storage for free and competitive pricing for businesses. These companies have a severe drawback, however, in that they are (whether they make it easily known or not) able to access the…

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