I’ve published a few summaries of the best of blockchain research earlier this year (February and March). There’s been a load more since, but Brave New Coin has curated a nice summary of all those that came out in the last quarter. As they publish my content sometimes, here is their list (click on the titles to see the reports): This paper looks into how Blockchain…
Wall Street is obsessed with blockchain. Goldman Sachs says the technology has the potential to redefine transactions and can change everything. Exciting, right? One problem: Hardly anyone seems to understand what Blockchain is. Barclays Kenneth Hill took a stab at it in a note on Friday, and it s one of the best explanations we ve seen yet. A blockchain is…
Over the past few years, we have seen numerous threats to the security of data stored virtually and also to data in transfer during the execution of commercial transactions. With the increasing importance of cryptocurrencies like bitcoins, here are some tips on how we can protect your virtual wallet. Bitcoin: a safe option? It’s fair to say that of all the protocols…
Today we did some calculations to see what is the actual profit that we are getting from various Bitcoin and Litecoin cloud mining services based on the earnings from yesterday. We’ve used 1 GHS or 1 THS as a base for Bitcoin cloud mining and 1 MHS as a base for Litecoin cloud mining so that we can compare the different services listed below. The list does not contain…
Lots of people believe Bitcoin is impregnable. Yesterday showed it may not be. GHash.io, the world s largest collective of bitcoin miners, gained control of more than 42% of all of the computer processing that powers the Bitcoin network. (Because of the expense now involved for a single miner to create bitcoin, lots of people now pool their computing power.) It s…
The Italian traders who founded Western capitalism started with books of lists: ledgers, tracking the cargoes they sent out and the gold they brought in. Reuters , Dow Jones, Bloomberg, our global financial-news services, all started with price lists - more ledgers - sharing information, exposing the world s assets to public scrutiny, linking markets so investors…
Bitcoin can be used to build amazing things or just answer common needs. The simplest of all payment systems Unless payment needs to be associated with automatic invoices, accepting money is as simple as sending a bitcoin: link or displaying a QR code. This simple setup is within reach of any user and can fulfill the needs of a good range of clients. When done publicly…
The difficulty encodes how likely one try is at producing a valid block. Let s say the difficulty starts out at 1%, i.e. one try in one hundred should succeed and we ll call this a difficulty of 100. With a 1% chance of success, you could succeed with your first try, but it could also take you 200 tries. However, it wasn t harder or easier to succeed because you were…
Some leading minds in crypto world are ready to share their knowledge and outlook on the future of new disruptive technologies. We have compiled the CT’s Top 5 Must Read Crypto Books. Bitcoin and the Blockchain are definitely challenging the global economic order and also create a possibility of the political change. Many would like to be a part of that exciting movement…
This chart, from Bitcoin wallet service and block explorer Blockchain.info, shows the amount of computational power worldwide dedicated to Bitcoin mining — the process of maintaining the public ledger of all Bitcoin transactions, and of being rewarded new Bitcoins for participating in this process. In just the last few months, this amount has exploded: The chart shows…
Will the vastly-hyped tech solve the digital ID challenge? CURE-ALL OR SNAKE OIL? Step right up, step right up. I am here today to tell you about the cure to all your information technology woes. It has a name, just one word… Blockchain! This distributed ledger system will do it all. It will solve identity and access management woes, modernize banking systems and…
Many Bitcoin users will have tried their hand at using the official Blockchain.info wallet, either in the browser or its mobile counterpart. While this may appear to be one of the most convenient wallet solutions available to date, Blockchain.info has a long history of server issues and wallets being inaccessible. Users are advised t only use this wallet solution…
