Penn State Scholar Predicts Altcoins Will Surpass Bitcoin
Against all the critical expectations, Bitcoin is growing - and is promising to revolutionize some of the biggest, well-settled banking infrastructures with its indisputably advanced blockchain technology. But according to an accomplished IT scholar, there is still a scope of improvement in the digital currency. John Carroll, a Distinguished Professor of Information Sciences and Technology at Penn State University, believes that Bitcoin will lose its shine in future, if there be any additional improvements in other alternative digital currencies, or altcoins. His comments are derived from....
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Penn State snagged one of GoChain's node operator spots. Penn State, a U.S. university touting more than 40,000 students, has agreed to operate as a signing node for GoChain's proof-of-reputation, or PoR, blockchain. Constructed as a fork of the Ethereum blockchain's code, GoChain is secured by selected entities who run their own nodes, Marie Gonzalez, GoChain's senior vice president of marketing, told Cointelegraph.GoChain's blockchain uses a consensus mechanism called PoR, which calls on a set number of approved signing nodes to help run the network. The blockchain aims to eventually....
While many see cryptocurrencies merely as a means to personal gain via mining or investment, a group of students at Penn State University think that digital currencies can also offer a more philanthropic way of doing business. To that end, Penn State University Bitcoin Club has been created by six ambitious young students with a strong positive vision for the future of bitcoin. The club was co-founded by Patrick Cines and Ryan McCabe, both investors in bitcoin and litecoin, and who met on reddit. McCabe has invested about $2,500, which he expects to make back over the next two months. In....
An Islamic scholar, Irshad Ahmad Ijaz, has asserted that digital currency is not fake currency and that it should be legitimized once certain conditions are met. Ijaz’s viewpoint is echoed by other scholars that attended a seminar examining the status of digital currencies from the perspective of Islamic law.
Use of Crypto in the Digital Age
An Islamic scholar or Mufti, Irshad Ahmad Ijaz, recently argued digital currencies are not so-called fictitious currency, a report has said. He, however, suggested that such currency can only be justified once certain conditions have....
Bitcoin adoption does not seem to be slowing down as more institutions jump on board with the asset’s functionality. Growing demand from customers has seen various institutions implementing bitcoin payments. One of these institutions is Elon Musk’s alma mater, Pennsylvania State University. Penn State is one of the most prestigious universities in the United States […]
PlanB’s scarcity model predicts that bitcoin will surpass $98,000 in November and the $130,000 mark by the end of the year.