Understanding Decentralization and Blockchain Technologies
Now that bitcoins are trading at more than US$500 again, there has been renewed interest among speculators and cryptocurrency users slightly higher up the left side of the adoption curve. This piece is for those people. There seems to be a growing understanding that the more important innovation in Bitcoin isn’t the currency, but the blockchain itself. So, if you bought in earlier this year at US$380 and think you can cash out at US$600, great. But there is a big, big forest cropping up if you look beyond those trees. Blockchain technology is very likely to revolutionize the way we....
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Over the years, we have been teaching machines to simulate the real world behavior. We have developed numerous technologies that translate the real world into the digital one. However, there can be, and actually, there is a reverse logic. Solutions on how to make everyday life can be derived from technologies. We are trying to imagine the world through the lens of decentralization and distribution, where people interact, connect and share to achieve their full potential and bring the benefit for a community they are part of. Decentralization is not limited to Blockchain, This week....
The key factor behind the failure of finance and insurance companies’ attempts to implement the Blockchain is their lack of understanding decentralization. The Blockchain technology is being promoted as the greatest remedy for any data-reliant industries such as finance, real estate and insurance. However, the technology is yet to be implemented efficiently. Multi-billion dollar corporations who are eager to work with emerging technologies and popular trends in their industries believe in the wonders of Blockchain, but they often lack the understanding of basics which results in failure.....
The university hopes to discover new use cases for blockchain technology with a donation made by four alumni including Mike Novogratz and Joe Lubin. Prestigious Princeton University has launched an initiative to study the "decentralization of societal power" through blockchain technology in an effort to explore the vast depths of it’s social capabilities.For the launch, Bloomberg reported that Princeton’s Venture Forward campaign received $20 million in donations from high-profile alumni Peter Bridger from Fortress Investment, Ethereum co-founder Joseph Lubin, Pantera Capital CEO Daniel....
Abuse expands with use in the case of cryptocurrency, Europol has acknowledged while also noting that blockchain technologies offer authorities a new opportunity to fight crime. Europe’s law enforcement agency also says they can help investigate money laundering networks.
Understanding Cryptocurrencies Is Vital to Tackling Organized Crime, Europol Says
The growing use of cryptocurrency across borders and industries comes with increasing abuse, new forms of crime, and money laundering, the European Union Agency for Law Enforcement Cooperation (Europol) has concluded after....
Since the earliest days of bitcoin, decentralization has been key to its value proposition. But it's also been its greatest obstacle. Whether it's the block size debate, or the ethereum classic debacle more broadly, decentralization in public blockchain networks presents significant hurdles to what can seem like straightforward objectives. After seven years of open-source study, decentralized governance remains a little explored and unsolved enigma. But solving it will likely mean going back to the beginning, asking what exactly we mean by 'decentralization'. Do we mean the distribution of....