Tag: technology

In the past twelve months, there have been a number of hard forks from the Bitcoin Blockchain. These forks have resulted in some altcoins bearing the Bitcoin brand name. While some forks have created altcoins with relatively high value, market penetration, and merchant adoption such as Bitcoin Cash (BCH), many have floundered and fallen into near nothingness. What Is Bitcoin…

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Consensus algorithms upon which blockchains run are the fundamental determinants of their governance systems and the extent of decentralization effective within their networks. Right from the very first blockchain that was created, the overall intention of Satoshi Nakamoto was to establish a network where every participant will reserve some power and influence over the important processes involved in maintaining the…

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Microsoft’s principal researcher Glen Weyl believes that replacing the “one person, one vote” system with a mathematically weighted voting approach known as Quadratic Voting could resolve several problems in society. These include inequality, economic stagnation, corporate abuse, the housing crisis, and liberal democracy’s failings. Blockchain for Societal Peace Weyl’s proposal is considered an extremely radical approach caught the interest of…

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While nobody has forgotten about cryptocurrencies, they are definitely taking a bit of a backseat as their underlying technology, the blockchain, comes more into focus. Many are realizing that this decentralized network that was introduced along with Bitcoin, the first cryptocurrency, has use cases and value propositions that far exceed its role accounting for digital currency transactions. It’s this sentiment…

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The cryptocurrency space continues to expand with new blockchain projects seemingly launching on a daily basis. While many of these projects do not contribute anything of note to the cryptocurrency community, some projects are working on solving real challenges that the market is facing. Blockchain technology is being utilized in innovative ways leading to improvements in several industries, but not…

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A recent report by DeNederlandscheBank (DNB), the Dutch National Bank, stated that the current infrastructure of blockchain technology is not capable enough to deal with the sky-high demands of traditional financial markets. Recently, DNB conducted experiments utilizing the decentralized ledger technology. Blaring Shortcomings Found The research found that the most significant shortcomings of the technology are inadequate due to high…

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EOS launched a bug bounty program on May 31 on HackerOne. Bug bounty hunter Guido Vranken is currently enjoying the financial reward of $120,000 by identifying 12 bugs and vulnerabilities in the software in just one week. According to ZDNet, due to Vranken’s success, EOS offered the bug bounty hunter a permanent role in the company. It’s uncertain whether he…

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Couger, a Tokyo-based startup is currently working with blockchain technology, artificial intelligence (AI), and augmented reality to create a virtual human agent or a ”virtual girlfriend.” Atsushi Ishii, the CEO of Couger said at the Community Ethereum Development Conference (EDCON) in early May that the combination of these technologies is a first. Couger was one of the startups that passed…

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It seems that the mega deal between analytics firm RELX Group and ThreatMetrix has finally come to fruition, as LexisNexis Risk Solutions, a RELX subsidiary, has now entered into a partnership with a cryptocurrency exchange using the newly acquired database of 1.4 billion users. RELX Group bought ThreatMetrix back in January 2018 for $817 million. Win-Win Situation Blockbid, the Melbourne-based…

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While the Vietnamese crypto space has remained somewhat vibrant in recent times despite the warnings and efforts of the governments to crush the local digital currency industry, it appears the situation is about to get even worse for crypto investors in the region as authorities have proposed to ban the importation of bitcoin mining machines into the Asian nation. Miners…

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