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Second-generation platforms like Ethereum allow applications to run as programmed whereas third-generation platforms have come out of the blue addressing current issues with second-generation networks, this has grabbed the attention of South Korea.
EOS, Orbs and Link Chain are just a few examples of third-generation blockchain networks which are making waves in the industry. They are also starting to solve the shortcomings of Ethereum such as its commission fees and slow data processing times has started to gain the interest of South Korea.
Continue reading South Korea Interested In Third Generation Blockchains at Crypto Daily™.
Stablecoins have garnered serious investor attention over the past few weeks. Unlike bitcoin and similar cryptocurrencies, they are digital assets built to lessen price volatility and are often paired against the U.S. dollar or established commodities like gold. Volatility is one of the main reasons why several institutional investors and individuals have thought twice about stepping into the cryptocurrency arena, and stablecoins seek to make things a little less frightening.
Cryptocurrency firm Blockchain has released a report examining the growth of the stablecoin trend, the differences between the growing number of stablecoins in circulation, and whether they truly work to lower volatility in the market.
It used to be that downtime was unheard of on blockchain networks. As new protocols and new trade-offs emerge, that’s no longer the case.
CoinDesk
Ten years from now, the story of Satoshi Nakamoto – the anonymous creator of Bitcoin – may very well become as unknown as the story of Tim Berners Lee, the creator of the world wide web. Satoshi, not only created the world’s first cryptocurrency, but a technology revolution that is changing the world.
But, if you were to ask the average person today about how Bitcoin and blockchain are changing the world, their response would likely be that it is actually destroying it.
Investors are looking forward to Decred’s new approach to blockchain governance – in part, because its devs are opening up $ 20 million in tokens.
CoinDesk
A number of surveys have implied blockchain technology is becoming more and more popular within the eyes of global corporate executives. Recent data reveals how issues concerning trust might restrict adoption.
As the blockchain industry continues to expand, more and more companies and top executives are coming around to its merits.
Bitcoinist recently reported that 70% of executives who participated in Deloitte’s 2018 Blockchain Survey categorized themselves as “excellent,” or as “experts,” on the topic of blockchain technology.
The survey consisted of 1,053 senior executives in nations like Canada, China, France, the United Kingdom, and the United States. All respondents were working at companies with $ 500+ million in yearly revenue.
The Chinese government’s China Electronic Information Industry Development (CCID) department has released its fourth round of public blockchain index rankings. This round of rankings was notable as it added two notable projects to the list: Tezos (XTZ) and Nuls (NULS). Tezos is a blockchain platform that boasts a number of next-generation features, including the ability to essentially self-evolve by upgrading […]
SludgeFeed
The fact that great responsibility accompanies great power has become crystal clear in the blockchain world. While blockchains are most commonly connected with commerce, the potential impact of distributed ledgers is being discovered in fresh sectors daily.
In the most recent episode of the Distributed Dialogues podcast, a collaborative show between the Let’s Talk Bitcoin Network and Distributed Magazine, blockchain’s better side was on display. The show explored three different perspectives on how the technology is being used, not just to raise crypto value, but to help humanity rise up.
To Mark Pascall, co-founder of BlockchainLabs New Zealand (NZ) and president of the Blockchain Association NZ, the blockchain space is more than just a new technology layer, it’s a “fundamentally different way for organizations and societies to operate.”
It represents a historical reversal of the movement toward an evermore centralized society.
“The major problem is that without mass decentralization, we get a bigger and bigger wealth disparity between the rich and the poor,” Pascall said in an interview with Bitcoin Magazine.
The cryptocurrency industry has seen tremendous growth this year, with a 3,363 percent increase in market capitalization and a 216 percent increase in cryptocurrency and asset exchanges. While this is certainly promising, it foreshadows a unique scalability problem. At present, most crypto companies are almost entirely dependent on the charity of “nodes” to establish and enforce the rules of their platform — all with little or no incentive to do so.
A confluence of technologies is poised to dramatically reshape manufacturing and, in the process, render obsolete the international trade regime.
CoinDesk
This week’s news was dominated by stories out of Blockchain Week and the Consensus 2018 conference held in New York City. There was free beer served from an ID-validating dispenser, Warren Buffet was criticized for his “rat poison” view of cryptocurrency, and there were plenty of business announcements, including news from eToro, Netki, Bitmain and Circle. Catch up on these stories and more in this week’s Bitcoin Magazine review.
Featured stories by Amy Castor, Colin Harper and Kyle Torpey
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In recent months there has been a steady furor over new blockchains, ICOs, and cryptocurrencies and at times the demand on networks has gotten so high that it actually overwhelmed entire protocols, including Ethereum.
Ethereum has suffered sporadic scaling problems that have negatively affected the network several times. This past January network congestion forced multiple exchanges to halt Ether withdraws, with one even advising customers to use a different cryptocurrency. And in June the ICOs for Bancor and Status were so large that the Ethereum network ground to a complete standstill twice in a matter of days. Even the transaction price of the game ‘Cryptokitties’ has had a huge impact on the network’s speed. While the excitement of the current market has many developers wishing to enter the fray, some are reluctant to take that step over the worry of causing network slowdown or suffering at the hands of a slowdown caused by another ‘hot’ launch.
It’s the combination of internal and external rules that ultimately dictates how blockchain-based platforms will operate, says Primavera De Filippi.
CoinDesk
Bitfury was one of the first companies built around the process of bitcoin mining, but the startup also now works on private blockchain software. Some would assume this might have a negative impact on the bitcoin-focused aspects of their business. But, while it’s true that the development of private, permissioned ledger systems means there could be less activity on public blockchains over the short term, Bitfury views private blockchains as an intermediate step for governments and other large entities to use public blockchains like Bitcoin.
We cannot solve our problems with the same thinking we used when we created them.
–Albert Einstein
Every day, blockchain technology is grabbing the headlines through new and exciting ventures, promising to make investors’ needs more simple, efficient, and profitable.
The problem with many of these ventures is the failure to deliver on many of these promises. Most importantly, the failure lies in the very structure of these blockchain platforms—most of them are not multi-asset blockchain-based.
A multi-asset blockchain-based system is a network that connects banks, cryptocurrency exchanges, and other regulated financial institutions so that users can have a one-stop shop for all of their asset management needs.
The benefits of blockchain technology in supply chain management are immense, as discussed in part two of this series. This is why the number of companies exploring blockchain solutions has risen steadily for the last couple of years. With this rise, a need for startups that develop customized blockchain supply chain solutions has also arose, and the challenge has been accepted by developers worldwide. With some startups focusing solely on specific aspects of the supply chain such as data availability and automation of processes, others have offered an all-encompassing suite of products that cater to the industry in general.
Private companies, as well as national and local governments, have all caught media attention for announcing some kind of investigation or at least interest in the blockchain. Of course, one of the most notorious examples of this was Long Island Iced Tea Corporation’s pivot to Long Island Blockchain Corporation.
On February 28, 2018, the Kenyan government announced it will appoint a task force to explore the use of distributed ledger technology and artificial intelligence over the course of a three-month tenure. Led by Dr. Bitange Ndemo, the 11-member task force has three months to produce a road map that will detail how these technologies can be applied at a local level. The task force includes Steve Chege, Safaricom’s head of corporate affairs, John Gitou, Michael Onyango, Dr. Charity Wayua, Fred Michuki and Juliana Rotich, a serial tech entrepreneur who co-founded BRCK and Ushahidi.
