‘Death Note Incentive System’ Can Revolutionize Decentralized Anonymous Marketplaces
An interesting topic has surfaced on the Bitcoin.com forums not too long ago, talking about how smart contracts can be used as a tool to anonymize certain services. While many people may feel that any anonymous activity is suspicious in its own right, there are plenty of valid reasons to desire a certain level of anonymity. The co-founder of the LZF....
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Navcoin, a digital currency based on Satoshi Nakamoto’s open source Bitcoin Core, has launched NavTech — an anonymous, fully decentralized network. Navcoin, also known as NAV, initially launched in July of 2014 and previously ran a dual-blockchain based anonymous system for a few months from May 2015. However it decided to temporarily remove the service....
Even though Wilcox claims his startup is not aimed at making illegal activities easier for criminals, he is quick to note how his company will not be liable for ZCash applications in a criminal environment. Bitcoin has often been touted as an untraceable and anonymous digital currency, even though it is neither at its core. Strangely enough, mainstream media has forgotten all about the headlines they wrote until a few weeks ago, as an untraceable Bitcoin alternative has launched. ZCash looks to bring anonymity to the digital currency ecosystem, making it perfect for those who wish to use....
The Water Project has thanked an anonymous donor making the largest Bitcoin contribution towards its Water Promise initiative. Bitcoin has been at the receiving end of all the negative publicity until now, thanks to its extensive use by cybercriminals and darknet marketplaces. But one recent transaction allows both Bitcoin and Bitcoin community to break away from the stereotype. The Water Project, an international non-profit organization working to provide clean drinking water and sanitation to the underprivileged across the world has received a single largest donation in the form of....
The traditional incentive and funding systems for cryptocurrencies are broken. Right now, they only serve well the early adopters, so we get new coins launched all the time because it doesn't make economical sense to work for established ones. Of course, money is not the only incentive, but it is quite a big one, and it is absolutely necessary to compete with the established system. Developing a new cryptocurrency not only requires skills and workforce, but it also requires plenty of other resources that are expensive, including servers, tools, bandwidth, communication, among many others.....
Decentralized marketplaces are one of the many rapidly evolving businesses in the fintech industry. To get a first-hand account of the major challenges and opportunities here, Cointelegraph has got in touch with the developers of the Waterhole service. First decentralized marketplaces. eBay, set up in 1995, has grown from a part-time hobby of its founder, Pierre Omidyar, to a huge multinational corporation. It was one of the first decentralized marketplaces, with caveats. True, it is run by a central authority, but it allows people from all over the world to trade things with each other at....