Better Alternative to Bitcoin from Stanford Professor?
Since bitcoin seems to be having trouble gaining traction in the past months, Stanford professor David Mazieres claims that a better alternative exists. He says that this is faster and safer, which might make it more secure and flexible compared to bitcoin. In a paper released earlier this week, Mazieres detailed how the system for this new digital currency could make payments more efficient than bitcoin transactions. As it is, the total value of bitcoin in existence is at $3.4 million. Bitcoin and Its Competition. Bitcoin was introduced in 2008 by Japanese Satoshi Nakamoto who designed....
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California-based Stanford University has stepped into the arena of cryptocurrecy with its program titled 'Crypto Currencies: Bitcoin and Friends (CS251)' to be launched in September 2015. This is a new course that will be taught by Dan Boneh, Professor of Computer Science at the Stanford School of Engineering will be teaching this course under Cyber Security Graduate Certificate program. The professor vouched for the cryptocurrency by saying that
Most of you might have heard about the new SCP protocol developed by Professor David Mazieres from Stanford. Few hardcore Bitcoin fans may find it blasphemous, but it is about time someone created an alternative protocol. Bitcoin protocol has had its own share of troubles in the past couple of years. READ MORE: Better Alternative to Bitcoin from Stanford Professor? SCP or Stellar Consensus Protocol is being used for Stellar Digital Currency, which is an initiative of the non-profit - Stellar Development Foundation. Transactions over SCP are faster, economical and safer than on Bitcoin....
Stanford has been active in Bitcoin as a campus. American academia has offered courses across the country on cryptocurrencies for a couple of years now. New York University, Duke University, Princeton and others have all offered courses on Bitcoin. The Stanford University School of Engineering in Stanford, Calif. offers a new course, Bitcoin & Cryptocurrencies, for the Autumn semester. 100 students have enrolled and the course features labwork in which students experiment with Bitcoin applications. The syllabus is available here. There is no limit as to how many students may enroll. The....
Stanford "Professor" David Mazières believes he has developed a faster, more flexible, and more secure alternative (altcoin) to Bitcoin, and he released the design for his new protocol in a white paper last week. Bitcoin's distributed network - thousands of computers connected over the Internet - is a key component to that system's design, but the eccentric Mazières says that makes Bitcoin slower and less secure than the world's financial infrastructure should be. Mazières calls his new cryptocurrency protocol SCP, and the project is being adopted by a nonprofit called Stellar, whose....
David Mazières, a Stanford professor is claiming to have designed a faster and more secure digital currency payment system. The Stanford professor thinks he has designed a faster, more flexible, and more secure alternative to Bitcoin. He released the design for his system in a white paper last Wednesday. Bitcoin transactions rely on software run on thousands of computers linked up over the Internet. That distributed network uses a set of rules and cryptographic principles to reliably verify transactions even though no one person or organization is in control. The new cryptocurrency....