Today ETHNews concludes this series, which has examined several proposed solutions for making blockchain technology more powerful. This article, the last in a series of three, provides a brief overview of some of the off-chain instruments that developers are building in order to scale blockchains. Be sure to go back and read part one and […]
Ledger Atlas, a blockchain firm recently launched by mentees of billionaire venture capitalist Tim Draper, has signed an agreement to “develop and operate” a special economic zone in Papua New Guinea. A US-based blockchain company has signed a Memorandum of Understanding (MoU) stating that it will operate and devise the rules for a soon-to-be-established special […]
Bitcoin mining is potentially lucrative, but it’s also increasing the world’s energy consumption. This week, economist Alex de Vries published some eye-popping estimates. In a society concerned with energy conservation and the human toll on our environment, the energy consumption required to successfully mine bitcoin is a rising concern. On May 16, economist Alex de […]
The Norwegian Central Bank is researching whether a central bank digital currency could provide benefits for customers. Norway’s Central Bank, Norges, has extended a study that focuses on issuing a central bank digital currency (CBDC) as a way to supplement cash for customers. Several central banks in Europe, including Sweden’s Sveriges Riksbank, are already actively […]
Polkadot’s PoC-1 proof of concept is now live. The platform has been designed to enable blockchains to scale, adapt, and communicate with one another. Today, Web3 Foundation and Parity Technologies announced the release of their first proof of concept for Polkadot, PoC-1. The platform is intended to tackle some of blockchain technology’s most pressing problems, […]
A mystery team, apparently possessing vast expertise and aptitude in distributed ledger technologies, has released a whitepaper describing a suite of new consensus algorithms inspired by epidemic, AKA “gossip,” protocols. Snowflake to Avalanche: A Novel Metastable Consensus Protocol Family for Cryptocurrencies. This was the title of a whitepaper that was delivered anonymously to the folks […]
“We have to be prepared,” said Bitmain’s CEO, who worries about the Chinese government prohibiting cryptocurrency mining. His chip development company is readying itself for a second act: artificial intelligence. This week, during an interview with Bloomberg, Bitmain CEO Jihan Wu revealed that his company enjoyed approximately $3.5 billion in revenue during 2017. Despite its […]
China’s Ministry of Industry and Information Technology has released its official cryptocurrency ratings. The “domestic experts” awarded Ethereum 1st and Bitcoin 13th out of 28 places May 17. As online cryptocurrency news account cnLedger reports quoting local media outlet China Electronics News (CEN), the Chinese government’s top five cryptocurrencies begin with Ethereum, followed by Steem, […]
A strategic partnership announced earlier this week is intended to redefine how people use and sell data online. Swiss tech company Streamr launched its real-time data marketplace earlier this week at Consensus 2018 in New York, shortly before announcing related partnerships with Finland-based Nokia and California’s OSIsoft. Reported by Forbes on May 16, the new […]
China’s Ministry of Industry and Information Technology released rankings of 28 cryptocurrencies and blockchains based on technology, application, and innovation. China’s Ministry of Industry and Information Technology released its ranking of 28 of the world’s leading cryptocurrencies and the blockchains that power them today, including bitcoin, Ethereum, and Steem. While it evaluated and ranked each […]
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