Decentralized apps, or dApps, operating on the blockchain face a singular problem: scalability. Take a look at Bitcoin 10 transactions per second (TPS) limit, compared to Visa’s 24,000 TPS. While a handful of high-quality projects and companies have partly surmounted this challenge with sidechaining and sharding, nonscalability has inhibited the progress of many otherwise promising blockchain projects. DApp scaling frameworks may be an early solution on which to build greater and wider blockchain scalability in the future, and it’s worth examining what they are and why they’re so important.
Jackson Palmer, an Adobe product developer and the creator of Dogecoin (DOGE), has recently begun encouraging developers in the cryptocurrency community to find manners in which to convert centralized systems to decentralized applications (dApps). However, due to the fact that decentralized applications and systems are much less efficient in processing information in comparison to centralized platforms, […]
Bitfi, the McAfee led cryptocurrency wallet and the alleged unhackable wallet that was set to change the entire landscape for cryptocurrency storage has finally caved in and retreated, the company and John McAfee himself, have now confirmed that the wallet is indeed vulnerable to hacks.
This comes after a campaign set out by Bitfi and McAfee to challenge hackers to access the wallet, for an incredible bounty. Though, McAfee specifically stated the reward on offer was not a bounty, as the wallet was unhackable so therefor a bounty would be impossible.
India is a nation now known for its anti-cryptocurrency stance, yet they are still fostering a very positive attitude towards blockchain technology. I must note that in India, the people are very much pro crypto, but the Indian central bank, The Reserve Bank of India are very much against crypto, making moves to essentially ban cryptocurrency in the country. Thankfully the motions passed by the RBI are not yet set in stone, with a final decision set to be made by the High Court in the next month or so.
This week, the US Securities and Exchange Commission (SEC) has said it will review nine Bitcoin exchange-traded funds (ETFs) it disapproved on August 24. The letter sent to NYSE Group senior counsel David De Gregorio by SEC secretary Brent Fields read: “This letter is to notify you that, pursuant to Rule 43 I of the
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Now we know what Bitcoin needs to do before it can become more widely adopted by institutions, but we must also consider what these institutions need to do too.
What must Bitcoin do?
Well it’s simple, Bitcoin needs to find balance, a steady price and see consistent regulation (adoption). Institutions will need to make changes too. Aside from the obvious ones – adoption of Bitcoin wallets, access to Bitcoin technologies, computers, ATMs etc, they also need to be able to deal with the cultural aspects of Bitcoin, in terms of investment and of course, potential volatility.
Adult entertainment website PornHub have announced that one of their side projects ‘Tube8’ is set to see a full migration onto the blockchain, in a move that has been designed to start paying people in cryptocurrency for viewing porn on their website.
This comes through a partnership with Vice Industry Token (VIT) and in essence, will allow for the incentivisation of consuming and interacting with pornography. Users will earn crypto for the time spend on the Tube8 website.
Over the past year, we’ve seen the rise in popularity of ICOs as a fundraising tool in the cryptocurrency space. In order to stand out from the crowd, some ICOs have enlisted the help of celebrities in an attempt to boost their credibility. Here’s a quick look of some of the more notable celebrity endorsed projects.
From Celebrities to Crypto Evangelists
Floyd Mayweather was one of the first celebrities to endorse an initial coin offering. In July 2017, he made an Instagram post promoting Stox.com, a prediction market platform which went on to raise $ 30 million USD.
Blockchain startup ICST (Individual Content and Skill Token) from the People-Joy Foundation deliver an ecosystem for the creation, publication, promotion, and trading of individual content and skill.
June 23nd, 2018, Singapore, Malaysia – The boom of blockchain technology has caused many new industries to emerge and thrive; new skills, services, and products that can be distributed through the internet have allowed even the most novice of content creators to make money.
Bitcoin has made a 6 percent recovery from the 90-day low hit yesterday, but what happens next?
Nearly half of the 26 publicly listed banks in China said they deployed blockchain applications in 2017.
Coinbase will no longer be accepting deposits from Nationwide bank. The move comes due to the bank’s SEPA processing being handled by German bank Commerzbank, who has a new companywide policy of not dealing with money related to Bitcoin.
The Coinbase website has announced that they will no longer be accepting deposits from Nationwide Bank. Nationwide’s line on events appears to be that it is their SEPA payment processing, handled by Germany’s Commerzbank who have been associated with a company-wide policy of refusing to deal with transactions related to Bitcoin and cryptocurrency.
The post Changelly Review: The 1 Thing They Won’t Tell You… appeared first on 99 Bitcoins.
Changelly is a cryptocurrency exchange that aims to remove the technical barriers of traditional trading platforms. In operation since 2015, the service was originally associated with the Minergate team, which we recently reviewed as well; however, today these are two different companies (according to a source inside Changelly). Changelly uses an automatic trading robot that […]
A strategist at JPMorgan Chase now says that Bitcoin could be a legitimate asset like gold even though CEO Jamie Dimon rips into the cryptocurrency. Will JPMorgan suffer whiplash from this constant back-and-forth?
Is there a doctor in the house? We could use one as JPMorgan Chase once again does an about-face concerning Bitcoin, which may lead to a case of whiplash. The banking and financial services giant has a dubious history with the popular cryptocurrency, mainly due to their CEO, Jamie Dimon, who has publicly and repeatedly lashed out at Bitcoin while praising the underlying blockchain technology. Now one of their strategists says that Bitcoin could be the new gold and be a legitimate asset.