This blockchain only needs 22Kb of data to be verified
Mina applies zk-SNARKs to Cardano's Ouroboros consensus to achieve scalability and decentralization. Mina aspires to be the world’s tiniest blockchain, with claims that its protocol maintains a constant size of around 22 KBs. This is ostensibly achieved by using recursive zk-SNARKs — the same technology that is used by the privacy-centric cryptocurrency, Zcash (ZEC). However, whereas the latter utilizes this technology to provide greater privacy to its users, the former employs it for scalability. A zk-SNARK, which stands for zero-knowledge succinct non-interactive argument of knowledge,....
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Once every 20 years or so, new technology comes to market that has the potential to change how we communicate, how we do business, and pushes the boundaries of everything we thought was possible. In the 1970s, it was the personal computer; in the mid-1990s, the commercial Internet. Now, we are in the early stages of another major technological development called the blockchain. The "blockchain" is a distributed consensus system that allows transactions, or other data, to be securely stored and verified without any centralized authority. All transactions are part of a....
The news agency added it would be open to shifting its approach based on the response from developers as it kept "a finger on the pulse of the blockchain economy." The Associated Press news agency announced it would be launching its own Chainlink oracle node to ensure any data from its U.S. newspaper and broadcaster members would be cryptographically verified.In an Oct. 21 announcement, the Associated Press, or AP, said smart contract developers would have access to the agency’s “economic, sports, and race call data” once the node was operational. According to the AP, it will be publishing....
Blockchain technology company Tieron is working with the Connecticut Technology Council (CTC), a non-profit organization encouraging local technology development. With this partnership, the CTC and Tieron plan to run a trial on finding government survey data using blockchain technology. Blockchain is the public ledger of bitcoin transactions, which are updated and verified by a network of computers solving complex algorithms in a process known as bitcoin mining. While bitcoin enjoyed its claim to fame a few years back, blockchain technology is gaining more attention these days thanks to....
Blockchain tech and AI are continuing to advance multiple ecosystems at a rapid pace, and the time for data marketplaces is now. In our digital world, data has now become as valuable as gold or oil. In order to achieve success, companies must adapt to handling their data much like a commodity, by trading and earning a profit off of it. Data is especially valuable when it comes to artificial intelligence and machine learning algorithms due to its ability to provide value that enables new AI use cases.In order for a marketplace to be successful, it is essential to take into account....
BitGo has announced a new service that leverages the security firm's status as a consigner on its multisig accounts to allow customers the means to provide greater financial transparency. As part of the announcement, bitcoin firm ChangeTip will use the new Verified by BitGo service to demonstrate its account holdings. The tipping platform will display its bitcoin solvency on its website, listing assets and liabilities in real-time along with information specific to individual users. Links to the Verified by BitGo page will also be displayed within each user's ChangeTip account page and on....