Joel Comm, Bitcoin Evangelist and Travis Wright, Blockchain Entrepreneur – The Bad Crypto Podcast – Bitcoin, Blockchain, Ethereum, Altcoins, Fintech and Cryptocurrency for Newbies
from The Bad Crypto Podcast – Bitcoin, Blockchain, Ethereum, Altcoins, Fintech and Cryptocurrency for Newbies
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View Details about Joel Comm, Bitcoin Evangelist and Travis Wright, Blockchain Entrepreneur
The charismatic cryptocurrency and the numerous thoughts that crop up in the minds of the onlookers often surround few obvious questions – how does it come into being and what about its circulation? The answer, however, is straightforward. Bitcoins have to be mined, in order to make the cryptocurrency exist in the Bitcoin market. The mysterious creator of Bitcoin, Satoshi Nakamoto, envisioned a technique to exchange the valuable cryptocurrencies online, by doing away with the necessity for any centralized institution. For Bitcoins, there’s an alternative way to hold the necessary records of the transaction history of the entire circulation, and all this is managed via a decentralized manner.
Generating a passive revenue stream with digital currency is something most people can only dream of these days. Openledger, the recently launched decentralized exchange, is planning to provide exactly that type of functionality. Danish Bitcoin and cryptocurrency exchange CCEDK is launching a new currency that offers holders a share in both current and future revenue streams.
Interesting things are happening all over the digital currency ecosystem. Bitcoin remains the most prominent cryptocurrency, and the underlying blockchain technology is of great interest to all types of companies around the world. But one issue that still needs to be addressed is how people can use Bitcoin to pay for goods and services, and preferably, using altcoins to achieve that same goal. Forkpay.net might be the answer to this problem.
Various companies in the Bitcoin ecosystem are looking to raise additional funding to increase their day-to-day operations. Payment processors are invaluable to the digital currency ecosystem, as they allow payment for a user to the merchant. Also, the merchant can then convert the payment to fiat currency if needed. CoinPayments is the latest cryptocurrency payment processor to run a campaign on BnkToTheFuture.
Also read: Aten Coin Conference 2015 Recap
The Ethereum project is evolving nicely, as things are finally starting to come to fruition after two years of intensive development. Now that the Ethereum Frontier has been established, the time has come to look ahead and focus on more support for the lightweight client. Casper will play an important role in this process, and now is an opportune time to explain what this project is all about.
One of the most intriguing topics touched upon during the recent Ethereum DevCon1 conference is how the challenges in public consensus should be addressed. Achieving a public consensus sounds easy to accomplish on paper, yet the reality is vastly different. The Ethereum team seems to have a general idea of what challenges they are facing and how they can be addressed.
A few weeks ago, the first ever Aten Coin Conference took place in Poland. Although we could not attend in person, one of our friends was kind enough to send over some of the notes he took during the event. Overall, it seems like there was a genuine interest in the Aten Coin project and the panel regarding KYC/AML policies was quite exceptional.
Also read: Ethereum DevCon1 Day Two – Brief Recap
During the second day of the Ethereum DevCon1 conference, most of the focus was shifted towards developers and the concept of DApps. It is no secret that the Ethereum protocol allows many different types of technological innovation. Decentralized applications will play an important role in achieving that goal.
Development of new applications will require a ton of effort from developers and a different approach to traditional coding. None of this would be possible without thinking of the Ethereum blockchain as a service which is where the recent partnership with Microsoft Azure will play a pivotal role. Deploying a virtual machine for Ethereum purposes will only take one click, and coders can start tinkering around within mere minutes.
Ethereum has been around for about two years now and the project has undergone various changes in that short amount of time. Ever since Ethereum released their wallet a while ago, developers have been working on a plan to make the Ethereum wallet more streamlined, as well as improve its overall functionality.
Separating The Wallet From The Client
The main goal is to separate the client from the node (Geth). The node is effectively an operator, which operates on behalf of its subsystems. On the other hand, a client is an application – like Geth – which serves as a communication layer for DApps. Splitting out these two components will be a major step forward for Geth. But that is not all, with some of the issues with the core interface needing to be addressed.
These are exciting times to be involved in the world of digital currencies and blockchain technology. The first day of Ethereum DevCon1 Conference in London is behind us, and what a great day it was! Even for non-developers like myself, events like these show you how powerful an idea can be and how willing people are to lend a helping hand.
As you would come to expect from any project or currency focusing on the digital space, there is a lot of research to be done. Not just regarding what new and exciting projects and services can be developed sooner rather than later but also regarding regulation, putting ideas into concepts, and so much more.
There seems to be a golden opportunity for digital currency to go hand-in-hand with the emerging trend of virtual reality. Voxelus, which calls itself the “official coin of virtual reality” is well on its way to achieving many great things, assuming the team can deliver on their promises. So far, their public crowdsale on ShapeShift.io is going quite well.
The concept of exchange digital currency has undergone a fair few changes in recent years. While there was only one available platform to do so just a few years ago, Bitcoin and altcoin exchanges can be found all over the globe these days. But even this market needs to keep evolving over time, and that is exactly what ShapeShift.io is doing with their new Android app.
Also read: How Should We Define The Concept of Money?
Interesting things are taking place in the Ethereum ecosystem these days. Ever since this protocol rolled out its services a few weeks ago, more and more announcements have been made regarding the progress of Ethereum. According to their latest press release, the first Ethereum mining pool with a decentralized mining process has been released.
TalkEther Introduces Decentralized Mining
In the world of Bitcoin and other digital currencies, the concept of mining has always been somewhat centralized. Every mining pool runs on its centralized servers, effectively distributing the network’s hashpower. However, if anything went wrong with the pool or its operator, payouts would not take place, causing issues for miners.
Microsoft has been involved in Bitcoin and other digital currencies for quite some time now, although the company has kept relatively quiet on its efforts so far. That situation has come to change, as there are plans to roll out an Ethereum Toolkit for Business Users. This gives enterprise users the option to build applications and services on top of the Ethereum protocol.
Azure Service Gets Ethereum Sandbox Initiative
The Ethereum collective – called ConsenSys – will give Microsoft Business Users direct access to the Ethereum Blockchain. However, the functionality integrated into Azure Services will use the Ethereum Blockchain “as-a-service”, creating a sandbox environment for aspiring developers.
Making a cryptocurrency exchange competitive is not an easy task these days. Granted, most everyday consumers want access to quick, easy, and convenient payment methods when it comes to exchanging fiat currency and digital currency. However, most of these exchange platforms are fighting regulatory measures, especially in the US. Laissez Faire is a different creature, as this exchange is legal in 49 US States, and they recently added a USD/Dash trading pair.
Also read: Fiat Currency Vs Digital Currency
Yesterday, we talked about Ante Coin and what this digital currency is trying to do differently, compared to Bitcoin and other currencies. Keeping compliance at the forefront of their thoughts, the National Aten Coin Foundation announced their upcoming event in Warsaw, Poland, which takes place a few days from now.
Aten Coin 2015 Conference
October 27 is an important day to mark in your event calendars, as this is the day during which the first Aten Coin 2015 Conference will take place in Warsaw. According to the information we have received, there will be over 100 influential guests in attendance, representing the Polish financial, business, and banking sectors.
There have been various digital currency-related projects attracting quite a lot of attention from individual users and companies alike. Any project that is involved with Bitcoin or blockchain technology is of high value to VCs and business angels. Factom is one of the highest-ranked projects and that list, and their software tokens – called Factoids – can now be traded on the Poloniex exchange.
Make sure to read: US Job Creation Still in Peril Whereas Bitcoin Job Creation Soars
It is no secret that major banks have a vested interest in the future development of blockchain technology. But as you would come to expect from a financial system where total control and centralised authorities play a major role, banks are not necessarily leaning towards Bitcoin. In fact, Santander InnoVentures – part of the Santander group – has pumped another US$4m into the Ripple ecosystem.
There is a new type of digital asset in town, which seems to have taken the Bitcoin community by storm over the past 24 hours. Lottoshares is the name (not to be confused with the altcoin, abandoned by its developer last year) and the goal is to create the world’s first open and transparent lottery using blockchain technology.
LottoShares – Physical Lottery in the Caribbean
LottoShares will aim to become a revolutionary lottery system, taking on the traditional model of state-run lotteries, which offer next to no transparency. Even though lottery draws are popular far and wide, once numbers are drawn, the transparency ends there. LottoShares wants to change the game by operating on a decentralized platform.