Developers Battle Over Bitcoin Block Chain
It's surprising what worm-filled cans a new version of the bitcoin protocol will open. The core developers released a much-anticipated update to the core software - version 0.9.0 - last week. Now, a third-party developer group is already lobbying for change. Counterparty, a financial trading platform built on the bitcoin block chain, issued an open letter to the Bitcoin protocol's core developers last week, urging them to reconsider a key component of the protocol's latest release. That component is called OP_RETURN, and it is a new feature designed to allow people to store extra data in....
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SpreadCoin, a cryptocurrency, has released a "Proof of Bitcoin Node" (PoBN) that proposes using the block chain to fund bitcoin miners and pay anyone wishing to operate a full bitcoin node by reinventing bitcoin mining into Big Data mining. According to a recently-released white paper, the PoBN will help create a block chain Big Data market that will generate billions of dollars and support a secure, decentralized payment system. The white paper is titled: "Proof of Bitcoin Node, A Mechanism for a Bitcoin Full Node Incentives & Bitcoin Mining Rewards Program." The developers are proposing....
Bitcoin was designed to be a decentralized and trustless payment network - with the power to do this provided by the block chain and its ability to publicly confirm the digital currency's digital transactions. Rather contentiously, however, as the bitcoin economy expands, more and more transactions are being carried out off the block chain. Such transactions are tracked on private databases instead of the block chain, and cannot be publicly tracked. There are pros and cons to both systems. So, which are better? Off-block chain or on-block chain transactions? Visible payments. Legitimate....
A Block Parser reads the Bitcoin block chain. There is no encryption of the data stored in the block chain. Bitcoin is a pseudonymous system. Meaning, ECDSA key pairs are used to abstract the identity of users. However, the binary data in the block chain can be read. The block chain is a transaction database. Every full node participating in the Bitcoin network has the same copy. The Bitcoin protocol dictates its structure and is the means through which each node maintains a duplicate copy. Overall, the block chain is just a data structure for storing blocks. The block chain stores blocks....
Unmarshal, a Multi-chain DeFi data indexing network, makes another grand move by releasing a multi-chain explorer with support for Ethereum, Polygon and Binance Smart Chain. The multi-chain modeled for investors, developers, or even exchanges functions as a decentralized data querying tool for interested parties as it indexes blockchains from genesis block to the latest block. […]
The adoption of block chain technology will revolutionize capital markets as early as next year, according to a report by TABB research carried by CNBC TV. The report noted that the adoption is not a matter of if, but when. The TABB Group is a New York City-based company that provides insight on securities and investment management. The block chain, the report noted, serves as a big, decentralized ledger that records transaction information and stores it on a global network that can't be tampered with. It noted that R3, a fintech company, leads a 20-bank consortium that is developing a....