Vitalik Buterin on His Long-Term Goals for Ethereum

Ethereum creator Vitalik Buterin was recently interviewed on Babbage, a podcast by The Economist. Buterin shared his long-term goals for Ethereum, which is a public blockchain that allows developers to easily deploy decentralized applications. A Programming Language for Blockchains When asked what inspired him to create Ethereum, Buterin first talked about how Bitcoin originally sparked ...

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Seven Questions to Make Sense of Craig Wright's Signature Proofs

The Australian computer scientist Craig Steven Wright is sending shock waves throughout the Bitcoin world, as he once again claims to be the man who invented Bitcoin. At the heart of the story, Wright himself published a blog post suggesting he signed a message with one of Satoshi Nakamoto’s private keys. And importantly, Wright’s claim was backed by Bitcoin-prominents including former ...

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The Bitcoin Ecosystem’s Communications Deficits

This is a guest post by Jim Harper and the opinions reflected are those of the author. If triumphalism drove adoption, Bitcoin use would already be widespread, and its price against other currencies would be stratospheric. But the existence of a genius protocol does not guarantee its success. For Bitcoin to thrive, there must be a great deal of social ...

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The Real Story Behind the MIT ChainAnchor Project for Bitcoin

ChainAnchor is an MIT project that was brought to the attention of the Bitcoin community last week by Bitcoin Core contributor Peter Todd. In his blog post, Todd questioned whether this project may have been an attempt to bring Anti Money Laundering (AML) and Know Your Customer (KYC) compliance to Bitcoin. MIT Connection Science Managing Director David L. Shrier responded ...

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An Energy Blockchain for European Prosumers

A Bitcoin-style virtual currency could save Europe’s power grids from reaching breaking point as more and more “prosumers” come on line, the European Commission’s Horizon magazine reports. Prosumers ‒ a buzzword in the emerging sharing economy ‒ are consumers who also put energy back into the network from domestic wind turbines and solar panels. The European Union is aiming for ...

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Craig Wright's Latest Satoshi Claim Unleashes Media Storm; Bitcoin Community Remains Skeptical

Through a coordinated media event, the Australian computer scientist Craig Steven Wright today claimed to be Satoshi Nakamoto, the inventor of Bitcoin. Wright himself published ablog post which he says cryptographically proves ownership of private keys Satoshi would have, which was covered by the BBC, The Economistand GQ, and backed by several prominent members of the Bitcoin community.  The greater ...

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China Joins the Blockchain Race With ChinaLedger Alliance

Wanxiang Blockchain Labs, a Shanghai-based nonprofit research institution which hosted the first Global Blockchain Summit in Shanghai, is to lead an alliance of 11 regional commodity exchanges, equity exchanges and financial asset exchanges with the aim of creating “an open source blockchain protocol that developers can further build upon in the future” according to Bai Shuo, former chief engineer of ...

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Does the Lightning Network Threaten Bitcoin’s Censorship Resistance?

The Lightning Network may well be Bitcoin’s primary solution to the issue of scalability, but many skeptics believe there are unresolved issues with this layer-2 system for the blockchain. The possibility of too much centralization via so-called “supernodes” is one of the common criticisms of the Lightning Network, and attached to that is the fear of these new, mostly -centralized ...

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Algorithmic Improvements Give Bitcoin Mining an AsicBoost

Timo Hanke, a mathematical researcher and cryptocurrency expert, in collaboration with Sergio Demian Lerner, a renowned security expert, has developed a new Bitcoin mining method that can increase mining revenue by up to 20 percent, translating to an increase of $30 million in annual profits if used by one of the biggest mining pools. The patent pending method available for ...

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IBM Launches Blockchain Cloud Services and Releases Hyperledger Code on Bluemix

IBM today announced a new framework for securely operating blockchain networks, as well as new services on the IBM Cloud that meet stringent regulatory and security requirements. According to the company, IBM has created essential new cloud services for tamper-proof, trusted blockchain networks. “Clients tell us that one of the inhibitors of the adoption of blockchain is concerns about security,” ...

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