BitHalo: Smart Contracts Without the Block Chain Bloat
Bitcoin transactions have been called a "trustless" process, in that the nature of the network removes the need for a middleman to act as a central point of trust between the two exchanging parties. Yet outside of pure peer-to-peer transactions, bitcoin usage requires a great deal of trust in platforms and services that are vulnerable to intrusion, sabotage and failure. The solution, many agree, is the use of decentralized platforms that mitigate or eliminate points of failure that can cause crippling losses for users and dampen perception of what is still an emerging technology.....
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BitHalo, "the world's first released working smart-contract software" announces the release of version 2.1 to compete head-to-head with the likes of Paypal and Western Union. The self-proclaimed "mother of smart contracts" launched its decentralized escrow client in July 2014 for blackcoin only. In August 2014 it added Bitcoin, making it "the world's first multi-coin client." Smart Contracts. One of the more fascinating and promising uses of blockchain technology is the ability to create Smart Contracts. These contracts are peer to peer agreements that eliminate the need for a trusted 3rd....
BURST now makes smart contracts possible through the block chain. One of the promising applications of the block chain technology are smart contracts. Different startups have been working on launching smart contracts, like Ethereum, but it would appear that a small crypto startup has beaten everyone else to it. BURST has issued the first coin that enables you to create smart contracts straight out from the wallet. The coin uses a Proof of Capacity. BURST uses fewer resources as it only reads from your hard drive once per block and does not use power hungry graphic cards while mining. BURST....
Central banks complain today that innovation in cryptocurrency is too quick, and business adoption is too fast, for them to prepare their laws and lay down their rules as Moses did from the high mountain. Cryptocurrencies' response was to switch innovation to second gear by inching closer towards the implementation of smart contracts. David Zimbeck announced today the beta version of the "first known two-party electronic contracting system anywhere in the world" which he calls Bithalo for the protocol to be used with Bitcoin, Blackhalo for the protocol to be used with Blackcoin and....
Many people have been waiting for Bitcoin's killer app. This is the one app that would provide a use case where it actually makes sense for the average person to use Bitcoin on a regular basis. It seems that we may have finally have the first such app in the form of BitHalo. This new innovation from David Zimbeck comes packed with a variety of new, exciting features for online commerce as a whole, and it doesn't seem like the full impact of this new software will be felt until the full version is released. One of the main problems that Bitcoin has had up to this point is that some....
The World Economic Forum's recent report that the Bitcoin block chain would be worth 10% of the world's GDP by 2027 did not give solid figures, for starters. But as noted in the report, and elsewhere, the WEF is referring to the overall value stored on the block chain - not to bitcoins themselves, necessarily. The report specifically says, on page 24: Smartcontracts.com provides programmable contracts that do payouts between two parties once certain criteria have been met, without involving a middleman. These contracts are secured in the blockchain as "self-executing contractual states",....