That’s the idea behind the Blockchain Application Centre — an Aussie tech initiative that will see one of the country’s now-shuttered coal-fired power plants reopened to provide cheap power for blockchain applications.
Source: cnet.com
Blockchain is not only crappy technology but a bad vision for the future. Its failure to achieve adoption to date is because systems built on trust, norms, and institutions inherently function better than the type of no-need-for-trusted-parties systems blockchain envisions. That’s permanent: no matter how much blockchain improves it is still headed in the wrong direction.
Source: medium.com
You can think of Chainalysis as a blockchain detective. The New York-based firm is best known for its forensic tools that help law enforcement agencies track the movement of bitcoin, but it also helps financial financial firms keep tabs on who is using digital currencies.
Source: fortune.com
We’ve built a Ponzi scheme for the Digital Age. Thanks to the smart contracts on the Ethereum blockchain our platform is transparent and immutable.
Source: ponzischeme.io
Consider this a shot across the bow of the entire ICO and blockchain-related sector: email marketing service Mailchimp recently enacted a policy shutting off Blockchain and ICO related accounts. Now, the first victims of this policy are getting the news, and responding in kind by attempting to read the riot act toa Twitter account whose avatar is a monkey with a hat.
Wall Street has been much more excited about the system underpinning bitcoin than the cryptocurrency itself, but the global financial industry has not yet been able to do much with the technology known as blockchain.
Source: reuters.com
Two weeks ago, with more than 1,000 other Crypto enthusiasts, I had the pleasure of attending the NYC launch event for Hadera Hashgraph, a new public blockchain promising vastly faster throughput.
Source: medium.com
There are many thought leaders trying to find alternatives to Proof of Work. The most promising one so far is Proof of Stake. There are already production-ready blockchains based on Proof of Stake like Nxt and Neo.
Ethereum is probably moving to Proof of Stake—their Casper project is already live on their test net.
Source: medium.com
In 2009, Satoshi Nakamoto designed Bitcoin to align the incentives of computers. In 2018, we are building multi-billion dollar blockchain projects, incentivizing humans using the same principles. We are assuming the efficient market hypothesis and the wisdom of the crowds.
But what happens when the crowds are not thatwise?
Source: medium.com
By using the blockchain as a layer over its cloud infrastructure for providing data integrity and protection, Google would seek to gain an advantage over its cloud competitors such as AWS, Azure etc and eliminate the risks that appear by being one of the largest data centers in the world.
Source: blockmanity.com
The 4th generation of blockchain is at our doorsteps and it promises to bring us closer to mass adoption than ever before. But before we delve into that, let’s quickly look at the 3 evolutionary phases blockchain technology has gone through since 2008.
Source: medium.com
As you may know, SXSW is a conference and festival that celebrates the convergence of the interactive, film, and the music industry. This year SXSW took place March 9th through 18th and attracted 300,000 people to Austin, TX. And, let me tell you, a big chunk of them were blockchain enthusiasts.
Source: hackernoon.com
Lightning is a scaling solution for distributed payment networks, originally proposed for the Bitcoin blockchain. Lightning is designed to allow users to make off-chain payments through routers and hubs. Lightning even has the potential to support cross-protocol payments, such as a payment where the sender sends Bitcoins on the Bitcoin network and the recipient receives lumens on the Stellar network, without having to trust any parties in between.
The International Monetary Fund is an ideological enemy to Bitcoin and decentralized virtual currencies in general. The Washington, DC-based organization centrally controls a global system of payments and loans, often given to struggling nations on the condition that they impose strict austerity. Now, the IMF wants to use the same technology behind Bitcoin to regulate it.
Source: vice.com
The bloc’s General Data Protection law, which will come into effect in a few months’ time, says people must be able to demand that their personal data is rectified or deleted under many circumstances. A blockchain is essentially a growing, shared record of past activity that’s distributed across many computers, and the whole point is that this chain of transactions (or other fragments of information) is in practice unchangeable – this is what ensures the reliability of the information stored in the blockchain.
The affair between the sex industry and cryptocurrency isn’t new. Porn has historically been ahead of the curve tech-wise, and this holds true for Bitcoin adoption. Back in 2013, UK escort service VIP Passion started accepting Bitcoin payments.
Two years later, sex workers started posting Twitter tutorials on how to use Bitcoin to pay for advertisements on Backpage.com when major credit cards pulled their services from the platform due to rampant sex trafficking.