Explaining Bitcoin to the Masses: A Glass Box Analogy
Since I first got involved in Bitcoin, I’ve sought a simple means of explaining Bitcoin and the technology that underpins it, the Blockchain, to my friends and family, looking for a simple yet true-to-life analogy that illustrates something so complex. My understanding of the actual technological aspects of them is somewhat limited, so forgive the fact that this analogy inevitably has its own limitations, but I hereby present it to you - the glass deposit box analogy. Addresses, keys and the Blockchain. One of the first things people ask me when I talk to them about Bitcoin is, ‘if it’s on....
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Earlier this week, a bill was introduced in Washington state to ban pot shops from accepting Bitcoin. Some of the biggest names in cannabis, however, have already dipped their toes into the digital currency market. One of the most storied functional glass makers in the history of glass (he’s done works for the Dalai Lama and Snoop Dogg) accepts Bitcoin....
Another brand new product hot off the shelf works with Google Glass and allows consumers to pay with Bitcoin by simply nodding twice. This technology is called EAZE, and is supported by software that matches the name. Paying with Bitcoin just got easier. Imagine sitting in your favorite restaurant and instead of being presented with a check, you are presented with a QR-Code to complete your transaction, without interrupting your conversation. Simply say "make a payment" and EAZE recognizes the command, scans the code via Google Glass and pays directly from your Bitcoin wallet. EAZE....
Glass Hunt was hacked last week by an anonymous hacker, who penetrated the platform’s Double Spent Tool to steal nearly $5,000 Bitcoin. The company is now in search for the same hacker with a job offer. Glass Hunt is an anonymous organization established to secure the Blockchain technology and ecosystem by assisting a community of hackers in understanding the fundamentals of various attacks. The South Korea-based company uses major security breaches like the DAO and Bitfinex hacks in its Glass Hacker School to simulate the original hacking process and teach developers the different phases....
Gem is a new platform for developers that can sometimes be implemented in under ten lines of code. We got CEO Micah Winkelspecht to answer a few questions about the technology underneath and the benefits of using Gem. From explaining multi-signatures in a way that a 12-year-old can understand to the future of the cryptocurrency space, this exclusive interview illuminates an exciting new codebase for developers and a business-booster for start-ups. Also read: Bitcoin Wallet Security Best Practice. CCN Interview with Gem's Micah Winkelspecht. CCN: Explain multi-signature technology in a way....