Interesting technological events are happening in Estonia right now. Ever since the country started their E-Estonia citizenship program, a lot of interested parties have been keeping a close eye on the proceedings. Just last week, E-Estonia announced blockchain-based notary services thanks to a partnership with BITNATION. But that is not all, as the Estonian government is asked to shed some light on their Bitcoin stance in the near future.
As much as digital currency enthusiasts would like to steer away from the banking system as we know it today, collaboration between both worlds will be quite important for the foreseeable future. Even Santander’s, Mariana Belinsky, seems to think along those lines. Any innovation in the Fintech industry will need some form of support by traditional financial institutions and Bitcoin – or Ripple, in this case – are no exception.
It is not often we can take the time to educate people on some of the core Bitcoin terminologies, but some misconceptions need to be addressed sooner rather than later. The recent issues affecting the Blockchain.info wallet and website are causing many people to believe there is something wrong with the Bitcoin blockchain, although they are two different matters entirely.
Ever since banks and other financial institutions around the world have started to show an interest in blockchain technology, the Bitcoin community has been speculating on what projects might entail from this interest. In the case of Lloyd’s, one of London Market’s key players, there seems to be a keen interest in using blockchain technology to revolutionize insurance markets as we know them.
Insurance Sector is Ripe For The Picking
The financial sector has seen little to no innovation over the past fifty years, and the lack of thinking ahead is clearly showing as of late. In fact, hardly anyone can make sense of the financial system we use today, not even the people who are actively working in the sector on a daily basis.
A lot of people around the world are keen on the term “blockchain technology” for the time being, although they do not necessarily like the concept of Bitcoin all that much. The interesting part is how people think they can have a blockchain without Bitcoin, yet the reality is far different. ANX International has recently announced their full suite of blockchain solutions.
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.
Crowdfunding campaigns are becoming an ever popular trend in the world of finance, as it gives companies an opportunity to raise additional funds without relying on a handful of angel investors. CoinCorner is the latest Bitcoin company to venture into the world of crowdfunding, as their campaign has launched on Seedrs.
CoinCorner – Bitcoin and Blockchain Services Industry Leader
Anyone who has been involved in the world of Bitcoin and cryptocurrency for some time now will have heard of CoinCorner at some point. This British company is focusing their efforts on Bitcoin and blockchain services, and the crowdfunding campaign on Seedrs will help them expand their offerings to Europe.
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.
It is no secret more and more service providers are supporting Bitcoin payments, albeit not all of them are advertising it publicly. Worldpay, one of the world’s leading payment networks in the world, seems to have taken a liking to Bitcoin and its underlying blockchain technology. While official Bitcoin integration is not on the agenda just yet, efforts are taking place behind the scenes to best serve merchant clients.