These Two Firms Will Monitor Permissionless Blockchains
Two tech firms are joining forces to improve cryptocurrency security and curb cyber crime. Skry and Terbium Labs announced their partnership to monitor public key transactions over the dark web. Skry & Terbium Labs Partner To Analyze Permissionless Blockchain Activity. Back in April, blockchain analytics firm Coinalytics rebranded to Skry, Inc. The....
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While distributed ledger technology continues to gain momentum among the world's financial institutions, the potential and viability of bitcoin is still being largely dismissed by the same parties. Avid bitcoin supporters believe that using a private blockchain would inevitably result in a centralised system - a world away from bitcoin's decentralised, trustless protocol. However, according to bitcoin mining firm BitFury's latest white paper - written in collaboration with developer Jeff Garzik - permissioned and permissionless blockchains are compatible and can be interconnected. Many....
The NEAR blockchain completed a major milestone this week after stakers and delegators voted on the governance rules of the network. The purposeful decentralization of power by the NEAR team effectively completes the blockchain’s transformation to becoming public and permissionless, run only by a democratically governed community. NEAR Goes Permissionless The transfer of power to […]
Blockchain technology has won accolades for improving efficiency and transparency in business operations. It has also been seen as improving security. But blockchain security is a complex issue that pits anonymity against trust, according to IBM’s Security Intelligence, a thought leadership and technical expertise hub for executives who manage enterprise risk and security. Permissionless blockchains such as bitcoin’s do not require identity information from their participants. The bitcoin blockchain achieves trust through encryption. After each transaction, the cryptographic operation....
BlockCypher, a startup that provides a complete set of services for bitcoin developers, just closed a $3.1M seed round conducted by VC firms Boost VC, 500 Startups, Crypto Currency Partners and New Enterprise Associates (NEA). Individuals such as the former hip-hop artist NAS, Jesse Draper and Shawn Byers also participated in this round. Also read: Nas to Give Bitcoin to Top 100 Fans. BlockCypher: A Blockchain Toolbox. In a tough context marked by the recent bitcoin's price decline, the fundraising demonstrates the confidence institutional investors still have regarding the....
Many people argue that private blockchains, run by private firms, are useless, since they make users dependent upon a third party ‒ the firm managing the blockchain. Many believe that private blockchains currently being considered are not blockchains, but rather, distributed ledger technology which has already existed. Others believe private blockchains could provide solutions to many financial enterprise problems that Bitcoin does not, such as abiding by regulations such as the Health Insurance Portability and Accountability Act (HIPAA), anti-money laundering (AML) and know-your-customer....