January 1, 1970 by CoinGragate

Tendermint Wins Innovation Award and Announces Cosmos at International Blockchain Week

Blockchain app specialist, Tendermint, winner of the 20,000 RMB prize for the “Most Innovative” Award at the International Blockchain Week Demo Day in Shanghai, has announced the unveiling of Cosmos, a novel blockchain network designed to solve an array of problems that currently hinder blockchains and digital currencies: a lack of interoperability, scalability and capacity for upgrades….

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January 1, 1970 by CoinGragate

Blockchain Summit Day One: Highlights From Shanghai

A busy first day of Blockchain Summit, part of International Blockchain Week in Shanghai, was filled with product demonstrations and discussions on security and regulation. Presenters included Joseph Lubin, founder of ConsenSys; Tim Swanson of R3; Feng Xiao, founder of conference sponsor Wangxiang Blockchain Labs; Jeremy Allaire and Sean Neville of Circle; Josh Whelan of Santander…

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January 1, 1970 by CoinGragate

BlockApps Expands Ethereum's Presence in China; Announces New Funding and Key Partnerships

Ethereum is gaining ground in China as innovators have announced key developments and partnerships during International Blockchain Week in Shanghai. BlockApps, an enterprise blockchain platform developer specializing in Ethereum technology, has unveiled today a pre-Series A funding round led by Fenbushi Capital, with participation from Black Pine Capital and its affiliate Jen Advisors, the Novogratz…

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January 1, 1970 by CoinGragate

The Long History and Disputed Desirability of Alternative Bitcoin Implementations

Coinciding with the opening of the Ethereum Foundation’s Devcon2 conference in Shanghai this week, significant parts of the Ethereum network were crashing. In what seemed like an attack using an intentionally difficult-to-execute smart contract, the much used Ethereum implementation Geth stopped functioning altogether, while another implementation — Parity — was also having issues. Upon discovering the attack, Ethereum developers wrote a hotfix…

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January 1, 1970 by CoinGragate

Guest Post: What Is the True Meaning of "Decentralization" in Blockchain Technology?

Recent years have brought significant misunderstanding of the term decentralization as it pertains to Bitcoin. Literally, it means the dispersal of nodes, data, miners and developers; according to some, the dispersal of miners (everyone mining with a consumer PC) is the original vision of Satoshi, and that vision supports One CPU/One Vote, meaning every single…

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January 1, 1970 by CoinGragate

IBM and Bank of Tokyo-Mitsubishi UFJ Develop Blockchain-Powered Contract Management System

IBM announced that it has signed a contract with the Bank of Tokyo-Mitsubishi UFJ (BTMU) to apply blockchain technology to the design, management and execution of contracts among business partners. The first pilot projects will automate business transactions between the two companies. The BTMU, a member of Mitsubishi UFJ Financial Group Inc. (MUFG), is Japan’s…

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January 1, 1970 by CoinGragate

Roger Ver Is Still Determined to Increase the Bitcoin Block Size Limit via a Hard Fork

Two attempts to increase Bitcoin’s block size limit via hard forks — Bitcoin XT and Bitcoin Classic — have failed to gain much support in terms of network hashrate, but early bitcoin advocate and angel investor Roger Ver is not giving up on the cause. Ver is currently testing a new mining pool at Bitcoin.com,…

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January 1, 1970 by CoinGragate

Op-Ed: Bitcoin’s Journey to Digital Reserve Currency Status

Seven years on, bitcoin still remains the largest digital currency by market capitalization. While bitcoin may have been the most volatile currency, it has since ceded that mantle to up-and-coming altcoins. The transformation of bitcoin from a volatile experiment, to a “stable” form of electronic money is illustrated in Figure 1. The graph plots the…

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January 1, 1970 by CoinGragate

State Street and PeerNova Trial New Blockchain Prototype for Capital Tracking

PeerNova and State Street have been trialing a blockchain-enabled platform for the tracking and monitoring the flow of funds. The two partners anticipate completing all the relevant milestones by October 2016 and will eventually move forward to a pilot phase right after the trial, Gangesh Ganesan, CTO and co-founder of PeerNova told Bitcoin Magazine. The…

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January 1, 1970 by CoinGragate

Toward the Moon: Genesis Mining Sends the First Bitcoin Into Space

Bitcoin has come a long way since it was first introduced to the cyberpunk world by Satoshi Nakamoto in 2008, and now for the first time, space travel history has been made with the digital currency. Genesis Mining, a major bitcoin cloud mining company, recently conducted the first peer-to-peer financial transaction in space. Searching for…

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