Ledger Assets Unveils Proof-of-Stake Permissioned Blockchain
To secure the integrity of this permissioned distributed ledger, Ledger Assets make use of proof-of-stake. Blockchain technology facilitates near real-time exchange of information, assets, and any other type of data. But one Australian startup has come up with a way to make distributed ledgers even faster. Moreover, they reduce the energy costs required by a significant margin. Ledger Assets has unveiled EcoChain to the world, but is it that spectacular? Most people associate the blockchain with using tons of computational power and electricity to secure it. After all, that is how things....
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The nascent business-to-business permissioned ledger industry is moving rapidly from pilots to real product development and deployment. But as this novel application space opens up, it is important for technologists to start answering hard questions about what software development processes will provide the blockchain layer of these applications stacks. The permissioned ledger industry proposes to build a trustworthy and scalable infrastructure for the finance industry and general purpose Internet security. However, the dominant development model in our industry thus far (capital-strapped....
What is delegated proof of stake? “(DPOS) Delegated proof of stake is a new consensus algorithms that allows shareholders (or the users of the system) to have control over who is certifying the ledger. it allows us to have 10 second block times, process 10 transactions per second or more, and allows the network to scale; to have dedicated nodes that are highly efficient and specialized yet remain in control of the shareholders. We can actually have 10 second confirmation on your blocks that is more secure than bitcoin.” How is DPOS different than proof of stake or proof of work? “Proof of....
Everledger, the London-based startup known for uploading specifications on 980,000 diamonds onto the bitcoin blockchain, has announced a partnership with Vastari, a fine art and exhibition database. “Everledger and Vastari are a natural fit as we’re both in the business of protecting provenance," said Leanne Kemp, co-founder and CEO of Everledger. "For us it’s about creating a permanent record to protect authenticity of an item, for Vastari it’s guaranteeing an item's provenance while it’s mobile.” Vastari, in which Everledger holds an investment stake, acts as a middleman....
Major banks and mainstream financial institutions are warming up to the blockchain technology that powers Bitcoin, and launching internal experiments and pilot projects to find out how they can use the blockchain. However, most banks frown at the chaotic anarchy of public "permissionless ledgers" like the Bitcoin blockchain, where any individual anonymous user can join and contribute hashpower to verify transactions without having to ask anyone's permission. Instead, they would prefer "permissioned ledgers" owned and by the banks, which can be operated only by vetted players. Think of....
Four of the top nine crypto assets by market cap are on a path to proof-of-stake, says the CEO of Staked.