ChainDB: A Peer-to-Peer Database System from BitPay
BitPay wants ChainDB to secure data using the block chain, and the payments processor needs the Bitcoin community's help with the project. In an effort that is more like Factom than storj, BitPay outlines in a recent paper a mechanism for creating counterfeit resistant databases using the Bitcoin mining network. A so-dubbed ChainDB (chain database) would benefit from the full power of the Bitcoin mining network "to create an unforgeable history of database mutations." According to BitPay, "the existing Bitcoin network can be leveraged for new applications with little or no change to the....
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Bitcoin payment service BitPay recently blogged-in a proposal to create ChainDB, a new peer-to-peer database system. Their whitepaper, which briefly credited the Bitcoin technology as the source of inspiration, also spoke at lengths about harnessing the digital currency mining network to secure BitPay's very own chain of blocks. It said that a ChainDB database system can be designed to organize transactions within blocks that can be later put to be validated by the Bitcoin consensus. "Validation rules specific to a ChainDB govern whether a given chain of blocks and transactions is valid,"....
A Bitcoin is a decentralized peer to peer electronic money. In essence, this is similar to a bank account, in the sense that your money is kept number in a database and the transfer system a number of account to another to make a transaction, except the system is decentralized database is stored on each participating computer simultaneously. Bitcoin is the first to be distributed as a currency, which has the result that its architecture has no man in the middle to take fee on each transaction you make, and that is not controlled by any organization or government . Emails allow you to send....
These new regulations will also have an impact on Bitcoin in China. Since cryptocurrency does not fall under these regulations, it may become the new peer-to-peer lending option. Peer-to-peer lending has always been a very popular trend in China. That is not entirely surprising, as the country is keen on innovation and embracing new trends. But there have been a fair amount of problems with P2P lending in China over the past few months. New rules have been announced, which will put a vice grip on this innovative business model. At its core, any peer-to-peer service should not shut down....
New cash-to-cash remittance company, Cashaa, ends its three months testing period and claims to have a success as it plans to fully go live. According to co-Founder and CEO at Cashaa, Kumar Gaurav, the company started their trading platform BTC2BID to test and validate their model on April 3, after which a London office was established about two months later, while the development centre remains in Mumbai, India. Strictly peer to peer transactions. Gaurav tells Cointelegraph that Cashaa is a peer to peer cash remittance company, which involves a cryptocurrency traders network to receive....
The Journal of Peer Production, an academic publication dedicated to exploring, investigating and promoting what they consider to be the emergence of a new, peer-to-peer, economic model in society, hasannounced a call for papers for a special issue of their journal on the topic of "value and currency in peer production." The Journal of Peer Production has covered a wide range of topics in the area of peer-to-peer economy, ranging fromfile sharing in Sweden tothe emergence of governance in the open source FreeBSD project and evendo-it-yourself biology, and is now looking for answers to one....