Blockchain Isn’t the Only Way to Distribute Computing
Bitcoin and blockchains are not the only distributed computing models explored under the umbrella of technology. While Bitcoiners have claimed that “bitcoin is the currency of AI,” for instance, others don’t believe this is so. They, in fact, don’t believe they need blockchain to achieve some tasks bitcoiners believe only the blockchain can execute. Their systems include deep learning, evolutionary intelligence, and other novel programs. Oh, and they don’t need to worry about block size debates. They scale. A predominant fallacy in Bitcoin remains that the technology will change the world....
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As ASIC miners begin pushing GPU users off the Bitcoin network, could they use their rigs to battle Alzheimer's disease and cancer? One academic hopes to pick up some spare computing power from cryptocurrency miners and put it to good use. Stanford University professor Vijay Pande would like coin miners' help with his scientific project, Folding@home, which uses donated computing power to help find cures for devastating diseases. He also helps run the Stanford Bitcoin Group, which conducts research into Bitcoin theory and applications. "There are multiple people emailing me describing the....
Quantum computing still has a long way to go before posing a threat to blockchain technology. Quantum computing has raised concerns about the future of cryptocurrency and blockchain technology in recent years. For example, it is commonly assumed that very sophisticated quantum computers will one day be able to crack present-day encryption, making security a serious concern for users in the blockchain space.The SHA-256 cryptographic protocol used for Bitcoin network security is currently unbreakable by today’s computers. However, experts anticipate that within a decade, quantum computing....
IBM has announced the launch of its quantum computing service called IBM Q along with a developer API. Quantum computers are considered to the future of computing. IBM is one of the of companies that is currently involved in the development of quantum computers. The tech giant has made news by announcing its plans to build the first commercial quantum computing system. With the recent announcement, IBM has made a name for itself as the provider of some of the disruptive technological solutions. The quantum computing systems and services follow the company’s suite of products in the AI (IBM....
The Blockchain. In an article appearing on the Startup Management website, author William Mougayar argues that the blockchain technology might radically change the way software engineers develop applications in the future. According to Mr. Mougayar, the technology behind the blockchain represents a completely different paradigm in software design. Five concepts come into play that would enable the new computing paradigm. They are the blockchain, decentralized consensus, trusted computing, smart contracts and proof-of-work/stake. These concepts will play a decisive role in developing the....
One of the largest and oldest organizations for computing professionals will kick off its annual conference on the future of mobile cloud computing tomorrow, where blockchain is scheduled to be one of the attractions. With more than 421,000 members in 260 countries, the Institute of Electrical and Electronics Engineers (IEEE) holding such a high-profile event has the potential to accelerate the rate of blockchain adoption by the engineering community. At the four-day conference, beginning Tuesday, the IEEE will host five blockchain seminars at the 702-year-old Exeter College of Oxford. The....