Promoted: The Future of Online Shopping Is Powered by Spl.yt — A Decentralized E-Commerce Protocol

As a rapidly growing business sector, e-commerce continues to open up new avenues for exploring, comparing and purchasing products worldwide. Spl.yt, a smart contract protocol, aims improve the e-commerce system for buyers and sellers by automating functions currently performed by “middlemen” marketplaces like Amazon, eBay and Alibaba. Such popular online platforms have no doubt transformed ...

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Bitcoin Magazine’s Week in Review: Progress in Different Forms

Going back to the early days of Bitcoin, we look at the contributions of Nick Szabo to smart contracts and Bit Gold. Decentralizing gets another boost by Augur in the predictions marketplace with the launch of their platform. Then we see a very real world example of cryptocurrency solving a real need in Venezuela to avoid their collapsing currency and ...

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PoWx Seeks to Change Bitcoin Mining with “Optical PoW”

Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and ...

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Op-Ed: Bitcoin’s Roots in the Great Law of Peace

Bitcoin, in its nine years of existence, has steadily gained traction, defining itself as a new digital gold. Early adopters of this technology have shown excitement for the potential of this inflation-proof sound money. With steady increase in value over the years, this new invention of money has established its position in finance. The gold rush pushed by the price ...

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“Economic Sovereignty” Through Bitcoin: Max Keiser and Stacy Herbert

When it comes to cryptocurrency, it seems that there are always two sides of the (bit)coin. On the negative side, there’s everything that can go wrong. For example, the unpredictable value swings can cause coin holders, savvy and suckers alike, to suffer life-changing losses. An exchange can get hacked and attacked, allowing hard-won earnings to vanish into the coffers of ...

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Blockchain Auditing and the Industry’s "Knowledge Gap"

The advent of smart contracts has long drawn interest for its potential to revolutionize business agreements. There’s just one problem, and it’s one that has affected many spheres of the cryptocurrency space: a knowledge gap. This gap exists between people who specialize in conventional legal terms and contracts and those who specialize in the technological programming of the blockchain. On ...

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Promoted: Ushering in a New Future — Cryptocurrency Investing With Invictus

The Bitcoin movement has brought with it a tidal wave of activity in cryptocurrency investments and trading. As a result, crypto market capitalization soared to an all-time high of around $820 billion in early January of 2018. But since then, we have seen a massive price decline in this market, leading many to speculate that it could all be a ...

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Abra Announces New Credit Card Payment Options for Bitcoin Purchases

Bitcoin payment startup Abra has announced the addition of Visa and Mastercard payment options for buying bitcoin on its platform. The new payment option is in partnership with fintech company Simplex, per the company’s blog post. Up until today, users who wanted to purchase cryptocurrencies were limited to a few options that included bank deposits and wire transfers. In addition ...

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The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists ...

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Nick Spanos’s Zap Jolts Real Estate With Blockchain-Based Smart Contracts

New York realtors looking to avoid hiccups in their commission payouts can now turn to blockchain-based smart contracts. The first real estate commission split was brokered earlier this summer in Manhattan’s ritzy SoHo neighborhood by New York-based Bapple Realty. Enabled through data uploaded onto the Zap platform, the seller divvied up a $3,400 commission — paid in Ethereum tokens — ...

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