July 2020 / 41 posts found

Powered By Blockchain: Move Over Bitcoin, Here Comes Digital Energy

by crypto journalist
The fever and frenzy gripping the bitcoin market may ultimately curtail the digital currency’s appeal. But the smart money is already betting on blockchain, the technology that allowed bitcoin to take off in the first place. Blockchain is the global digital ledger, or “trust protocol,” that keeps a chronological record of all transactions. Any asset, whether it’s bitcoin or bananas, can have its own blockchain that records information about transactions that have taken place. “At its most basic, it is an open source code: anyone can download it for free, run it, and use it to develop new tools for […]

DNA Sequencing Blockchain Lets People Sell DNA for Tokens

by crypto journalist
If innovators have their way, you’ll soon start seeing blockchain beyond the realm of cryptocurrency. People have been thinking creatively about how to use the technology powering Bitcoin to do things like shake up how people vote or access their birth records. Now, pioneering Harvard and MIT geneticist George Church (of CRISPR and mammoth-resurrection fame) has a new startup that plans to use blockchain technology for genome sequencing — but it’s not yet clear whether it will be popular enough to edge out the competition. The startup, dubbed Nebula Genomics, seeks to change how companies handle an individual’s DNA. Though companies like 23andMe […]

What is Blockchain Technology?

by crypto journalist
“The practical consequence […is…] for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate.” From a cruising altitude, a blockchain might not look that different from things you’re familiar with, say Wikipedia. With a blockchain, many people can write entries into a record of information, and a community of users can […]

Singapore Central Bank Reveals 3 New Blockchain Payments Prototypes

by crypto journalist
Singapore’s de facto central bank has disclosed new details about its research into financial applications of blockchain. The Monetary Authority of Singapore (MAS), along with the Association of Banks in Singapore (ABS) trade group, today unveiled a new set of distributed ledger prototypes that form the second phase of “Project Ubin”, an initiative that began last year with the goal of testing how a tokenized version of the Singaporean dollar could be created. To date, the MAS has taken a more proactive approach to its work with blockchain compared to some central banks. Its research dates back to as early as […]

Learn Ethereum Development – Build Decentralized Blockchain Apps

by crypto journalist
As of today — 1 Bitcoin = $7300 USD (Approx 471,000 INR) At the beginning of this year, 1 Bitcoin was approximately equal to $1000, and now it has surged to a new height, marking its market capitalization at over $124 billion. Is it really too late to invest in Bitcoin or other cryptocurrencies like Ethereum? For those wondering if they have missed the money-making boat, the answer is—NO, it’s never too late to invest. However, the blockchain, the revolutionary technology behind Bitcoin and other digital currencies, is not always about cryptocurrencies. Though it is a decentralized public database which […]

The Importance of Security Within the Blockchain

by crypto journalist
Cyber-criminals are ever increasing their methodologies in stealing valuable/sensitive data such as financial data, health records, personal identifiable information and intellectual property. They are also resorting to other highly profitable strategies such as DDoS attacks, or holding data ransom using encryption techniques. Blockchain has the potential to greatly improve everything from data integrity and digital identities to enabling safer IoT devices to prevent DDoS attacks. Blockchain may even play across the ‘CIA triad’ of confidentiality, integrity and availability, offering greater resilience, encryption, auditing and transparency. A blockchain, as implied is a chain of digital “blocks” containing records of transactions. Each […]

No CEO needed: These blockchain platforms will let ‘the crowd’ run startups

by crypto journalist
Back in May, I wrote about the concept of DAOs, decentralized autonomous organizations capable of running themselves thanks to blockchain technology — no CEO or C-Suite needed. At the time I was writing, there were a few people in the blockchain community testing out the idea but no strong efforts underway. That was six months ago. As anyone in the crypto space will tell you, six months is a really long time. Today, a market for DAO platforms is emerging, complete with teams, funding, development, and initial implementations. This is a category worth paying close attention to because it represents […]

Women in Blockchain: Meet Maria Luna, CEO of BRAVO Pay

by crypto journalist
BRAVO Pay is a mobile payment app that already has tens of thousands of users in the United States paying one another instantly, securely and privately. Now the company is expanding globally by integrating blockchain and cryptocurrency payments. Find out more about BRAVO Pay here » “You stretch your leg only until the point where it is still covered by the blanket.” Maria Luna has vivid memories of her mother saying this, a lot. It’s an old Spanish proverb, and growing up as the youngest in a family of six in Puerto Rico, Luna couldn’t believe the miracles her single […]

Blockchain Governance: Programming Our Future

by crypto journalist
This post describes why blockchain governance design is one of the most important problems out there, its critical components, current approaches, potential future approaches, and concludes with suggestions for the community. Why Blockchain Governance Matters As with organisms, the most successful blockchains will be those that can best adapt to their environments. Assuming these systems need to evolve to survive, initial design is important, but over a long enough timeline, the mechanisms for change are most * important *. As a result, I believe governance is the most vital problem in the space. Other fundamental problems like scalability are arguably […]

QuarkChain 2.0 — When FAANG Join Blockchain, is there still any opportunity for newcomers?

by crypto journalist
If someone says BAT’s entering into blockchain is just a gesture, not for a long-term plan, are you going to believe it?A very simple question is that since those well-established companies operate heavily in a centralized business model, why they have to pay extra cost to do business in decentralized crypto. Even if blockchain businesses are fast developing recently, how can they convince the current investors?However, small and medium entrepreneurs (SMEs) and individuals do not suffer from such a problem at all. By relying on the token economics, they can boldly adopt blockchain technology, freely apply blockchain technology to industries, […]