Researchers Tackle Tomorrow's Blockchain Problems With Bitcoin-NG
The question of how to best increase the transaction processing capacity of the blockchain may be bitcoin's current crisis, but that isn't stopping researchers from working to solve more forward-looking issues. Held last weekend in Montreal, the inaugural Scaling Bitcoin marked the first major conference for developers, and as such, it featured a broad sampling of technical experts working on solutions to problems that may come to light as knowledge of blockchain technology advances. One of the more novel proposals to debut at the event was developed by Cornell post-doc student Ittay Eyal,....
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One of the central problems that affronted many of the earliest blockchain ecosystems was a lack of interoperability, with isolated chains having less utility and creating problems when data needed to be transferred between them. This problem persisted for much of blockchain’s early history, until the creation of protocol systems that sought to tackle interoperability. […]
A few weeks ago Bitcoin Magazine published a report on the launch of AKASHA, a blockchain-based social network built on top of Ethereum and IPFS (the InterPlanetary File System). As a followup to the previous report, AKASHA CEO Mihai Alisie spoke to Bitcoin Magazine and said that the idea behind creating a blockchain-based social network came to him and his team as they were looking for ways to use existing technologies such as Ethereum and IPFS to solve bigger problems. The team eventually decided to select the issue of internet censorship as the problem to tackle, and the best way to....
Researchers from National University of Singapore will soon release a tool that will help ethereum users determine whether the smart contracts they've coded are valid or not. Developed in the wake of the massive hack of the first large-scale smart contract – The DAO – in June, the researchers described the tool as an attempt to curb future problems that could lead consumer funds to be lost. Called Oyente, the program has been reportedly used to successfully pinpoint bugs in thousands of smart contracts, including the one that led to the failure of The DAO. National University of Singapore....
Last October, dozens of refugees remained stranded in Calais after authorities announced the closure of Calais’ ‘Jungle’. In a report from the Guardian, over 1,000 refugees remained, including more than 100 children, with many facing the prospect of having nowhere safe to sleep. Yet, with French and U.K. officials accusing each other of not doing more to sort the situation out, the ‘Jungle’ became a poignant representation of Europe’s failure to tackle the migrant crisis. Humanitarian Blockchain. One organization is stepping forward with blockchain ideas and solutions designed to address....
Accenture, a $75 bln consulting and professional services firm, revealed in its report that the implementation of Blockchain technology could save investment banks up to $12 bln a year. The report entitled “Banking on Blockchain, a Value Analysis For Investment Banks” released by Accenture Consulting in collaboration with Aon, is based on a survey which the firm’s researchers conducted with eight major investment banks. According to the report, the utilization of Blockchain in supplementing manual processes and operations of banks can save organizations up to 30 percent in annual savings....