Day: October 1, 2018

Bitcoin Cash

Bitcoin Cash is a cryptocurrency launched in 2017 by forking the Bitcoin blockchain and changed the size limit of blocks added to the blockchain. On August 1, 2017, Amaury Séchet released the first Bitcoin Cash software implementation. The new cryptocurrency was supported a few high-profile early bitcoin investors like Roger Ver who claimed that Bitcoin’s one-megabyte block size limit would inhibit its ability to scale and accrue value as more investors and users adopt cryptocurrency. Bitcoin Cash sparked a trend of creating new cryptocurrencies by forking the Bitcoin blockchain. Measured…

XRP

XRP Price Section XRP is the native asset of the XRP ledger, a blockchain originally developed in 2011 by developers David Schwartz, Arthur Britto and Jed McCaleb. The protocol officially launched in 2012 and, not long after, the team formed a new company called “OpenCoin,” led by Chris Larsen who joined as CEO. The following year, the company changed its name to “Ripple Labs Inc.” before shortening it, for marketing purposes, to “Ripple” in 2015. While XRP and Ripple are intrinsically linked, it’s important to note that they operate as…

Ethereum

Ethereum is a blockchain-based software platform that can be used for sending and receiving value globally via its native cryptocurrency, ether, without any third-party interference. But it can also do much more than that. First proposed in 2013 by Russian-Canadian programmer Vitalik Buterin, Ethereum was designed to expand the utility of cryptocurrencies by allowing developers to create their own special applications. Unlike traditional apps, these Ethereum-based applications, called “decentralized applications”, are self-executing thanks to the use of smart contracts. Smart contracts are code-based programs that are stored on the Ethereum…

Bitcoin

Bitcoin is the world’s first decentralized cryptocurrency – a type of digital asset that uses public-key cryptography to record, sign and send transactions over the Bitcoin blockchain. Launched on Jan. 3, 2009, by an anonymous computer programmer (or group of programmers) under the pseudonym “Satoshi Nakamoto”, the Bitcoin network (with an uppercase “B”) is a peer-to-peer electronic payment system that uses a native cryptocurrency called bitcoin (lower case “b”) to transfer value over the internet or act as a store of value like gold and silver. Each bitcoin is made…

Wallet Provider Blockchain.com Makes LinkedIn’s 2018 Top 25 UK Startup List

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LinkedIn has ranked cryptocurrency wallet provider and data firm Blockchain.com (formerly known as Blockchain.info) in its top ten most “sought-after” U.K. startup employers in new listings September 30. Part of a list featuring 25 UK-based startup companies, Blockchain.com made the grade at number 9, while financial disruptors took two of the three poll positions in the rankings. Among its attributes, LinkedIn notes Blockchain.com’s “benefits such as free food and flexible working,” unlimited holiday policy and a bonus scheme for employees paid in Bitcoin (BTC). On social media, executives noted the…

Ethereum Startup Parity Adds Casper Code to Custom Blockchain Toolbox

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Parity Technologies has added an early version of ethereum’s hotly anticipated Casper code change to its blockchain development platform, Substrate. Released on GitHub yesterday, the code more specifically contains a mechanism to transition to the “Shasper” upgrade, that combines the platform’s in-house scaling solution, sharding, alongside its proof-of-stake consensus switch, Casper. “Shasper is combination of Casper and sharding. Once it lands, we should see vast improvements in terms of ethereum’s transaction throughput,” Wei Tang, the developer leading the Parity integration, told CoinDesk. Continuing, Wei described the Substrate implementation as a “basic skeleton” that…

Ethereum Price Decline Hasn’t Hurt ICO-Funded Startups: Research

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With the ethereum price sitting more than 80 percent below its all-time high in mid-September, the conventional wisdom said that startups who had raised funds through initial coin offerings (ICOs) were likely driving the sell-off. ICOs, after all, had been conducted almost entirely using ETH, leaving hundreds of startups sitting on a steadily-depreciating asset. The convention wisdom, it turns out, was wrong, at least according to a new report from BitMEX Research. Ethereum Price Decline Not Weighing Heavy on Blockchain Startups That report, published Oct. 1, examined the time-lapsed ethereum…

Portal Network Developers Announce Bitcoin Cash Name Service

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A development team called the Portal Network has announced the creation of a new platform called the Bitcoin Cash Name Service (BCNS). Essentially BCNS turns a long alphanumeric bitcoin cash address into a human-readable name like ‘yourname.bch.’ Also read: Colombia Crypto Exchange Asks New President for Banking Help   Can Human Readable Names Replace Traditional Bitcoin Cash Addresses? This week a company called the Portal Network announced the development team is in the midst of launching a platform called the Bitcoin Cash Name Service (BCNS). Basically, BCNS is a name…

ICO fines Manchester firm £150,000 for making nuisance calls

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A Manchester firm has been fined £150,000 by the Information Commissioner’s Office (ICO) for making thousands of nuisance direct marketing phone calls. Oaklands Assist UK Ltd based in Radcliffe, made 63,724 calls over a two month period from May to July 2017 to people who were registered with the Telephone Preference Service (TPS). The law states that live calls must not be made to any number registered with the TPS unless they have specifically consented to the call. This was in breach of the Privacy and Electronic Communications Regulations (PECR).…

Russian State Nuclear Corporation to Develop Blockchain for ‘Increased Efficiency’

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Russian state nuclear energy corporation (Rosatom) will develop “advanced” digital technologies, such as blockchain, according to Rosatom IT department head Evgeniy Abakumov, cited by corporate outlet Strana Rosatom Monday, October 1. As per Abakumov, Rosatom intends to focus on three areas of new technologies, namely blockchain, artificial intelligence and the Internet of Things (IoT). “We are committed to integrating 4.0 technologies on a wider scale. IoT, AI, blockchain and others are to increase the efficiency of manufacturing process,” Rosatom’s IT department head said. Abakumov also stated that Rosatom is looking…