Proof of Work Existing Blockchain technology [https://etherworld.co/topic/15/blockchain-beginner-s-guide-part-1] is working on the core concept of 'Proof Of Work' (POW). A proof-of-work (PoW) is a protocol that is difficult to compute but easy to verify. It can be verified in far less time than it
Digital currency is seeking attention of government of various countries. With blockchain [https://etherworld.co/es/topic/15/blockchain-beginner-s-guide-part-1] as the core technology underneath, virtual currency is growing fast across the globe. Central bank of few countries has already agreed to study the technology and its legal structure governing the
Overview Casper is the idea of Proof of Stake (POS) in Ethereum. It is being designed by Vlad Zamfir, Vitalik B. and other community members. Vlad came in touch with Ethereum community in September 2014. Ethereum foundation team had wanted to have Proof of Stake (POS) even before the Ethereum
'Living Room of Satoshi [https://www.livingroomofsatoshi.com]' is a payments company based out of Australia that enables payment of any bill using cryptocurrency (Bitcoin mostly). Their customers can pay phone bills, electricity bills, school fees, credit cards, tax payments and more. They can also pay to any
Octagon Strategy, a Hong Kong based commodities and digital assets trading house announced on March 30, 2017 that it has formally commenced trading Ethereum digital assets on its OTC trading desk. For the first time, Ethereum will be easily and simply available in Hong Kong for trading over the counter
In a recent press release, Deloitte [https://www2.deloitte.com/cn/en/pages/about-deloitte/articles/pr-deloitte-hkma-dlt-proof-of-concept-for-trade-finance.html] announced developing a Distributed Ledger Technology (blockchain [http://etherworld.co/topic/15/blockchain-beginner-s-guide-part-1]) proof of concept (PoC) for Trade Finance in association with the Hong Kong Monetary Authority (HKMA) and the leading trade
Bitcoin has a unique mining block reward strategy. Each time a miner successfully solves Bitcoin’s proof of work algorithm, he is rewarded a set amount of bitcoins agreed upon by the network. The bitcoins included in the block reward are all new bitcoins. This is the only way that
Republic of Singapore, an island city-state off southern Malaysia, is a global financial center with a tropical climate and multicultural population. According to WEF (World Economic Forum), it is the most “technology ready” nation. Singapore has third largest financial centre and foreign exchange market and has also been identified as
Scalability in blockchain Most popular debate in bitcoin community is that blockchain do not scale properly. It doesn't scale because every full node has to verify every transaction. The scaling doesn't really work well because of fixed block time (time between two blocks creation). If there
“Emerging markets are hugely important.” - James Dyson Over the last couple of years, Ethereum, a blockchain-based platform, has attracted many admirers in the corporate world. At present, it is the second largest cryptocurrency with market cap of more than $2 billion. On Monday March 13, 2017 value of an
Hard fork and soft fork are the protocol upgrade mechanism in blockchain. Hard fork creates an incompatibility between the previous version and the latest version on software. There is always a possibility of split of blockchain (like Ethereum Classic). However, it is debatable, if they are preferred upgrade mechanism for
Russia has been studying Digital Currency for quite some time. Russian government officials have been looking into the concept of the Blockchain Technology and it’s possible usage in economic. As reported by Russian local media [https://rns.online/economy/Medvedev-poruchil-Minkomsvyazi-i-MER-prorabotat-vnedrenie-tehnologii-blokchein-v-Rossii-2017-03-06] on March 6, 2017, Russian Prime Minister Dmitry Medvedev
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