Menu

Blog

Archive for the ‘blockchains’ category: Page 10

Jun 9, 2022

Ethereum Moves Closer to Blockchain Revamp After Milestone Test

Posted by in categories: blockchains, cryptocurrencies, cybercrime/malcode

Ethereum, the world’s most used cryptocurrency blockchain network, passed a milestone test ahead of a highly anticipated technical upgrade without any major glitches.

Developers ran the latest software for the upgrade known as the Merge on Ropsten, which is one of the oldest so-called testnets of the network. The testnets are used by developers to find potential bugs and glitches before moving their applications to the blockchain. While the Merge has been carried out on other testnets earlier this year, Ropsten was seen as providing the most realistic technical environment and the best estimate for the outcome of the final process.

Jun 3, 2022

New York just passed a bill cracking down on bitcoin mining — here’s everything that’s in it

Posted by in categories: bitcoin, blockchains, cryptocurrencies, law, security

Following an early morning vote in Albany on Friday, lawmakers in New York passed a bill to ban certain bitcoin mining operations that run on carbon-based power sources. The measure now heads to the desk of Governor Kathy Hochul, who could sign it into law or veto it.

If Hochul signs the bill, it would make New York the first state in the country to ban blockchain technology infrastructure, according to Perianne Boring, founder and president of the Chamber of Digital Commerce. Industry insiders also tell CNBC it could have a domino effect across the U.S., which is currently at the forefront of the global bitcoin mining industry, accounting for 38% of the world’s miners.

The New York bill, which previously passed the State Assembly in late April before heading to the State Senate, calls for a two-year moratorium on certain cryptocurrency mining operations which use proof-of-work authentication methods to validate blockchain transactions. Proof-of-work mining, which requires sophisticated gear and a whole lot of electricity, is used to create bitcoin. Ethereum is switching to a less energy-intensive process, but will still use this method for at least for another few months.

Jun 1, 2022

Blockchain pioneers become main target of murderers and extortionists

Posted by in categories: bitcoin, blockchains, business, cryptocurrencies

When reading about the emerging cryptoworld and the new opportunities presented by blockchain technology, you may be enchanted by rags-to-riches stories with billions made overnight, or perhaps be horrified by scams, where the founders of fraudulent projects skip off to Tahiti with their investor’s money. However, it’s doubtful that the first thing that pops into your mind will be grizzly tales of extortion, kidnapping, and even murder. But for blockchain pioneers, falling victim to these horrific crimes is a very real risk that they must be wary about every day.

The explosive profit potential of cryptocurrencies has attracted a myriad of extortionists, scammers, and outright criminals over the years since Bitcoin was first launched in January of 2009. Some developers have had their companies’ reputations damaged by such conmen, and some have ended up beaten, kidnapped, and even killed.

One business that found itself the target of such nefarious opportunists was a Singapore-based company called Skycoin, which is still dealing with the fallout from these attacks to this day. After taking the rather innocuous decision to hire a marketing company to do PR and improve their website, the project and its co-founder found themselves caught in a web of blackmail, deceit, and crime that most people would only encounter in a crime thriller directed by Quentin Tarantino.

May 30, 2022

Top 5 Hottest Blockchain Programming Languages in 2022

Posted by in categories: biotech/medical, blockchains, business, cryptocurrencies, finance, security

Blockchain technology is spreading like fire across industries and businesses. It is currently used in digital voting, medical recordkeeping, decentralized finance, gaming, capital markets, supply chain management, etc. More and more businesses and individual users want to take advantage of blockchain to increase transparency, security, and communication. To leverage blockchain development in innovative use cases, organizations need to comprehend the programming languages best suited for their upcoming projects. Here are the top 5 hottest blockchain programming languages that are being utilized by start-ups and enterprises today.

A high-level programming language is getting more popularity as a blockchain developer language, particularly for dApps development. If you are looking for a language for developing smart contracts on Ethereum Blockchain, Solidity is the one. It is a contract-based language, allowing to store all the logic in the code of the Blockchain.

With amazing code portability, it is the most popular programming language among application developers. It has been used to create smart contracts such as Truffle, ARK, and some of the popular blockchains that are developed using Java include Ethereum, IOTA, NEM, and NEO.

May 16, 2022

Wearable NFTs: The Ultimate Guide to be Fashionable in 2022

Posted by in categories: blockchains, business, wearables

It provides an extension of the physical identity to relive themselves as what they want in their dreams with luxurious brands.

Wearable NFTs can provide endless creativity, gender inclusivity, accessibility, and availability for new business models.

Thus, wearable NFTs is known as an eco-friendly alternative to wastage of dress materials and pollution from factories.

May 8, 2022

Protection of virtual property: Can you truly own anything in the metaverse?

Posted by in categories: blockchains, law

May 2, 2022

A $300,000 Bored Ape NFT Just Sold for $3,000 Due To a Misplaced Decimal Point

Posted by in category: blockchains

May 1, 2022

Telegram now lets users send cryptocurrency through TON blockchain spinoff

Posted by in categories: blockchains, cryptocurrencies

May 1, 2022

The basics of decentralized finance

Posted by in categories: blockchains, computing, cryptocurrencies, finance, information science, mathematics

Decentralized finance is built on blockchain technology, an immutable system that organizes data into blocks that are chained together and stored in hundreds of thousands of nodes or computers belonging to other members of the network.

These nodes communicate with one another (peer-to-peer), exchanging information to ensure that they’re all up-to-date and validating transactions, usually through proof-of-work or proof-of-stake. The first term is used when a member of the network is required to solve an arbitrary mathematical puzzle to add a block to the blockchain, while proof-of-stake is when users set aside some cryptocurrency as collateral, giving them a chance to be selected at random as a validator.

To encourage people to help keep the system running, those who are selected to be validators are given cryptocurrency as a reward for verifying transactions. This process is popularly known as mining and has not only helped remove central entities like banks from the equation, but it also has allowed DeFi to open more opportunities. In traditional finance, are only offered to large organizations, for members of the network to make a profit. And by using network validators, DeFi has also been able to cut down the costs that intermediaries charge so that management fees don’t eat away a significant part of investors’ returns.

May 1, 2022

Web3 and blockchain technology: How digital asset ownership is flipping the current business model on its head

Posted by in categories: blockchains, business, finance, internet

Lately, there’s been no shortage of talk about the transition to Web3, a new digital frontier powered by blockchain and accessible via decentralized applications (dapps). But while many of the products created thus far are groundbreaking — offering verifiable digital ownership and access to new financial instruments — they still haven’t managed to galvanize mainstream adoption yet.

To reach critical mass, the blockchain industry needs to ensure that platforms and services are easy to use as their current-gen counterparts. ## **We aren’t there yet**

The current landscape of the internet is still very much grounded in Web2 architecture. While users can access a range of services, each requires its own unique username and password and third-party platforms are typically still needed to process payments. While this model has ostensibly worked well enough for the past two decades, it’s been mired by the centralized control of big tech companies, which thrive on selling user data.

Page 10 of 16First7891011121314Last