Circling back to blockchain’s originally intended purpose: Timestamping
With the simple implementation of timestamping and blockchain, the internet may become a safer and more trusted place. What was blockchain technology originally intended for? It’s generally presumed that it was created in 2008 by Satoshi Nakamoto as part of his white paper, creating Bitcoin (BTC). Since Bitcoin would be built on decentralized ledger technology, a blockchain needed to be established as the foundation for the cryptocurrency. Since 2008, blockchain technology has expanded well beyond cryptocurrency usage and is now being applied in a variety of use cases from healthcare to....
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Uproov, a new and upcoming app for smartphones, is going to be the first to bring “heavyweight” real time global timestamping to the world, allowing anybody the ability to prove virtually anything without the need of “trusted” authorities. Timestamping is a process where certain information is wrapped in a block of the blockchain, thus engraving it “forever”. The concept is nothing new after the advent of Bitcoin, of course, and several online timestamping services have spawned in the past years: Tangible.io, Proof of Existence, OriginStamp, BitSig and BitProof. What can you do with a....
A new version of the timestamping standard Chainpoint is being tested and will be released soon with new functionalities. However, the lead developer for competing standard Opentimestamps claims that the new version is too close to his team’s code. This article explores how Chainpoint works and how it compares to Opentimestamps. What is Chainpoint?....
On behalf of the Bitcoin Faucet, Gavin Andresen has returned 726 bitcoins (approximately $95,000) that were in limbo to the Electronic Frontier Foundation (EFF) - a non-profit organisation that defends free speech, privacy and consumer rights - after a two-year history of the money being sent back and forth. The move comes after the EFF last month said it would once again accept bitcoins via BitPay after a two-year freeze on the currency. Andresen reportedly told the EFF: "I'm satisfied to see these bitcoins will be used as they were intended - as a donation to support the work of the....
Delta Business Management, a London based investment company, is developing its own blockchain for timestamping, named Delta ID Coin. Douglas Millard, from Delta Business Management, told CoinTelegraph in a personal conversation on November 21st, that the addition will allow the company to register its users issuing a coin on the Bitcoin blockchain. Timestamping on the blockchain is not new in the cryptocurrency world, but for the ones that are entering this ecosystem late, a little explanation is due: the blockchain, the backbone of most cryptocurrency, is essentially a public ledger....
Updated with comment from Lynzey Donahue, a U. S. Marshals spokeswoman. UPDATE (18th June 21:30 BST): Yelp's Luther Lowe contacted CoinDesk to clarify that he contacted the USMS regarding its auction of Silk Road bitcoins as a private investor, and not on behalf of the e-commerce company. A list of individuals interested in the auction of the 30,000 bitcoins confiscated from the now-defunct Silk Road black marketplace has been leaked via email by the US Marshals Service (USMS), the US government agency confirmed. In a statement to CoinDesk, Lynzey Donahue, a US Marshals spokeswoman,....