A Look To The Future: Why Cryptocurrencies Will Be Needed for Space Colonies
Cryptocurrencies will be best suited to be the mainstream means of exchange in future extra-terrestrial settlements, according to a white paper written by Dr. Kartik Hegadekatti, Bangalore divisional commerce manager at the Indian Ministry of Railways and a colleague, Dr. Yatish S. G. The paper, titled “The K-Y Protocol: The First Protocol for the Regulation of Crypto Currencies,” posted on the Social Science Research Network website, contends that regulated sovereign-backed cryptocurrencies (RBCs) will be the most commonly used currencies in societies on other planets settled by humans.....
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Blockchains in space? According to one research paper published by an Indian government official, the idea isn’t so far-fetched. Dr Kartik Hegadekatti of India’s Ministry of Railways posits in a new paper, entitled “Extra-Terrestrial Applications of blockchains and Cryptocurrencies”, that the tech could provide the basis for a space-based money in lieu of paper money or physical coins. Hegadekatti works for the ministry's Commercial Department. Hegadekatti has written about cryptocurrencies in the past, exploring how a ‘NationCoin’ could be issued by a country in a paper from August. The....
Bitcoin Core Developer Jeff Garzik plans to use cubesats as full Bitcoin nodes. Read the original story on Coindesk. Bitcoin Core Developer Jeff Garzik has plans in motion to launch several small cube satellites [cubesat] into space. These satellites would serve as a full node for the Bitcoin network, presumably as an "honest source" of the Bitcoin blockchain. All that is needed to stop a Sybill attack is one honest node, and this node in space would be that node. This cubesat node would be in orbit and would broadcast a verified blockchain to any node that will connect with it.....
In the earliest days of Bitcoin and first-generation cryptocurrencies, anyone could mine coins using any basic computing setup. Until around 2013, all you needed was a standard GPU. However, as the value of Bitcoin rose and more miners entered the space, cryptocurrency mining became ever more competitive, to the point where it now requires specialist […]
The giant online rental marketplace based in San Francisco, Airbnb is considering supporting cryptocurrencies and blockchain technology. The news stems from the company’s initial public offering (IPO) prospectus with the U.S. Securities and Exchange Commission (SEC). Airbnb’s filing notes that future success will be dependent on adapting to new technologies such as tokenization and cryptocurrencies. The travel industry has been one of the hardest-hit sectors in the economy after the coronavirus outbreak shook the world. In a recent filing with the SEC, Airbnb has filed a....
Google Direct of Ideas Jared Cohen. In an appearance at SXSW yesterday, Google's Director of Ideas issues a statement that cryptocurrencies like Bitcoin and several altcoins aren't likely to be disappearing soon. "I think it's very obvious to all of us that cryptocurrencies are inevitable", said Cohen during a conversation with Google Chairman Eric Schmidt. While being positive about the value of cryptos, Cohen also claimed that there remains a danger as long as the coins aren't being regulated. "Even though the future of Bitcoin seems to be assured, it's unclear how the technology will....