'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
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
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
zk-SNARKS It is one of the hottest topics in cryptography over the last year. One major reason behind it being hot is Zcash launch. Zcash is a cryptocurrency, whose flagship feature is that it integrated zk-SNARKS (Zero Knowledge Succinct Non-Interactive Argument of Knowledge). General principles: * As the title suggests, this
Merkle Tree Merkle Tree also known as 'hash tree' is a data structure in cryptography in which each leaf node is a hash of a block of data, and each non-leaf node is a hash of its child nodes. In the most general sense, Merkle tree (named after
One of the milestone events in the world of blockchain and cryptocurrency took place at the Ecole Supérieure de Commerce de Paris - Europe (ESCP) on 17-18 February 2017 called The EDCON. The European Ethereum Development Conference (EDCON) was organized by LinkTime with the support and cooperation of developers from
In this post, we are going to setup a testnet of ethereum using Geth. Testnet is use full in many cases like when we want to do some transactions on ethereum network without spending actual ethers. we will still need ethers to do transactions on testnet but generating ether on
(PS: Installation steps here are for older version of geth but steps remains same expect go-lang version. You need go-lang 1.8 to run 1.8 version of geth.) Geth is the the command line interface for running a full ethereum node implemented in Go. I am going to be
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