Billed as a potential venue for debate on more heated issues surrounding the long-term viability of the bitcoin network, Scaling Bitcoin saw a who’s who of developers decamp to Montreal to talk about the underlying technical issues facing bitcoin yesterday. Often reduced in conversation to mentions of its price or market cap, Scaling Bitcoin succeeded at showcasing the breadth of challenges posed by bitcoin’s approach to incentivizing disparate parties to maintain a common and equally beneficial distributed resource. Held in Montreal, day one of the much-anticipated event focused more on how incentivizes for network participants should be balanced and less on the positives and negatives of any of the competing proposals – whether Bitcoin Core, its…
The Bitcoin wallet space just got another heavyweight contender. The one who intends to spar with the likes of Blockchain and Coinbase while keeping an eye out on those like Xapo and Circle who are in a slightly lower weight class than the former. The Amsterdam based BlockTrail has recently launched its new multiplatform, multisignature secure bitcoin wallet. The BlockTrail wallet is available for Android, iOS and web users at the moment. According to the company, BlockTrail’s wallet is more secure than most of the existing alternatives as it comes implemented with multisignature and HD wallet features by default. BlockTrail has been offering Bitcoin API and Blockchain analysis tools since last year. The company is backed by its co-founder Lev Leviev, who…
Since the dawn of digital currency we have always been bothered about the monetary value associated with it. A lot of processing power and electricity is being spent on mining to process the transactions happening over the bitcoin network. Miners have indulged in the process of finding sequences of low hash value with the sole purpose of gaining miner’s fee. Bitcoin value is said to be related to the network size and the number of transactions that happen over the network. Now, what if the same processing power, or even a part of the processing power is diverted for a similar mining process with a social or a scientific cause associated with it. Well, there is one such option available for those who would want to use their processing power for good (I am…
Innovate Finance is planning to open another facility for Blockchain tech and fintech related research. London is the financial capital of Europe, while The number of fintech companies in London is gradually increasing. Also, special thanks should go to the digital currency community and their constant research in the fintech sector that is contributing to London’s fame as well. Innovate Finance is a collaborative initiative between the government and various financial technology companies. These companies include conventional finance and banking companies as well as bitcoin and other digital currency based companies. Digital currency has become extremely relevant in the fintech sector these days due to various advantages they offer over conventional fund…
Wall Street has been embracing the latest wave of Silicon Valley financial tech at a fast rate. Over the past several months, many Wall Street Financial companies have embraced the new wave fintech enterprises with remarkable speed. The blockchain an online ledger that tracks the movement of digital currency, but it can also be used to manage, register and secure anything else that has value. Wall Street companies seem to have seen the true potential of the blockchain technology and many are now rushing to invest and develop new applications with this new technology. Jamie Dimon, JP Morgan Chase CEO, expressed his belief saying that “Silicon Valley is coming.” Dimon has been warning the Wall Street old guard that traditional banking is facing new and competitive…
Blockchain technology has been tapped for several practical applications these days, spanning from creating secure databases to facilitating trade settlement. Word through the grapevine is that international shipping company UPS is also looking into the potential uses of the blockchain in its own operations. Blockchain refers to the distributed public ledger of bitcoin transactions, which are updated and verified by a network of computers solving complex algorithms. The entries are considered anonymous and immutable, as these aren’t typically associated with personal identities and it takes a considerable amount of effort to and resources to alter the records stored in majority of computers in the network. Blockchain Technology and Shipping UPS’…