There has been a lot speculation, shouting matches, opinions, dubious accusations etc. that flew around concerning digital currencies, or like some call them crypto currencies. Some journalists from the more traditional media made unfounded accusations like “Mt. Gox has crashed so Bitcoin will follow suit”. If professionals and academics read things like that what do they think? Are there some that are sceptical or what is the deal? It does seem it’s “all quiet on
Privacy has been one of the most desired features in digital currencies that bitcoin hasn’t been able to offer. Evan Duffield is a software developer that has been on a quest to create a crypto currency that he hopes will soon be the perfect internet cash: untraceable and instantaneous. Early this year he created Darkcoin – believed to be the first true anonymous, secure and untraceable crypto currency. Unlike Bitcoin and Bitcoin-based alt-coins which have transparent electronic transactions, Darkcoin can be equated with online cash due to its private/anonymous transactions that resemble the anonymity of private cash transactions.
KROIN, is the result of a new and innovative credit based economic and financial system. Kroin aims to be an alternative and democratic economic system to the traditional financial system. It's a system that creates and distributes a digital financial asset generated directly by users. Kroin developers designed it to be an open, verifiable, transparent and user friendly platform using the blockchain technology.
Monetas is building the world’s first decentralized system for financial and legal transactions. It is a powerful, open, standards-based platform that will enable digital finance entrepreneurs to build amazing new products and services. By introducing breakthrough technological innovations and dramatically lowering the cost of doing business, it will enable a whole new class of businesses. The startup mission is to empower people to live and do business with greater freedom than ever before, creating a world of unprecedented prosperity.
Delegated proof of Stake ( or DPOS) is a consensus mechanism used to secure a blockchain. The Problem Consensus mechanisms like proof-of-work cause trust centralization at the entities driving the mechanism. In proof-of-work based systems like Bitcoin, trust concentrates at the entities that can produce the greatest amount of work. In the early days of Bitcoin, this concentration of trust was not an issue because anybody could plug in their computer and mine some bitcoin.
What is delegated proof of stake? “(DPOS) Delegated proof of stake is a new consensus algorithms that allows shareholders (or the users of the system) to have control over who is certifying the ledger. it allows us to have 10 second block times, process 10 transactions per second or more, and allows the network to scale; to have dedicated nodes that are highly efficient and specialized yet remain in control of the shareholders. We can
BitShares is envisioning the future of music with the launch of BitShares Music, but just what is BitShares anyways? According to the BitShares wiki: “BitShares looks to extend the innovation of the blockchain to all industries that rely upon the internet to provide their services. Whether its banking, stock exchanges, lotteries, voting, music, auctions or many others, a digital public ledger allows for the creation of distributed autonomous companies (or DACs) that provide better quality
As some of you may already know, The Rise and Rise of Bitcoin was released yesterday, on October 10th. Produced by Gravitas Ventures, the movie takes you on an adventure with Daniel, and we meet several other people such as Charlie Shrem, the CEO of Bitinstant. For many people, this movie was a sweet walk down memory lane. Seeing the first Avalon ASICS, and even the beginning of Mt. Gox exchange, as well as the
SideChains. No, SideChains is not the brother of prominent rapper 2Chainz (although it could be in the future, you never know). What Are SideChains? SideChains were first announced by Adam Back and Austin Hill on Let’s Talk Bitcoin. SideChains are basically new “blockchains” pegged to bitcoin similar to how the dollar used to be pegged to gold before Nixon removed the dollar from the gold standard in 1973. In theory, each SideChain would service a
At last, Portuguese Bitcoiners will be able to easily buy and sell Bitcoins in an ATM in the country city capital, Lisbon!
Welcome to Bitcoinist weekly News Bits! Let me summarize the most significant happenings of the bitcoin market. 1 . Coinify the Leading European Digital Currency Platform Coinify has managed to get a multi-million capital injection by Danish SEED Capital. It will ensure the continued positioning of Coinify, as Europe’s leading player in the digital currency market. The Company is trying to make it simple for anyone to become part of the ever-growing Bitcoin ecosystem. As
Welcome to Bitcoinist weekly News Bits! Let me summarize the most significant happenings of the bitcoin market. 1. A couple of days before, PayPal gave “Bitcoiners” good news: They accept bitcoin and sign partnerships with BitPay, Coinbase and Gocoin. The first completed project is an integration with PayPal’s Payments Hub, which is their alternative payment platform for digital goods. Customers with a bitcoin wallet will be able to purchase items and other digital content directly
Update: Hashprofit was shut down according to their statement because of a DDoS attack. We tried to contact them to get some more information regarding this issue but we haven’t received any response from them yet. The official statement from HashProfit.com: We’re resuming work of service in a protected mode today. Despite all the warnings from service’s administration many users have succumbed panic moods and have taken a number of actions which discredited and abused
Leaders keep their eyes on the horizon, not just on the bottom line. – Warren Bennis It cannot be overstated that Open Source is an amazing methodology. How else would it be possible to create such overwhelming innovation with such wide spread decentralization and ever increasing transparency? Even more amazing is that it now offers us choice on a level we quite simply haven’t seen before. While some might argue that too much choice is
As our search narrows, leaders emerge… When we last left off, we had established that in our search for the perfect ICO platform we’ve encountered our fair share of dead ends and dubious options. While we are confident we can launch this project off of our back porch if need be it stands to reason we’d want to give our baby every possible advantage we can find. So while we are okay with most of
…because you gotta kiss a lot of frogs before you find a prince? In my think tanks ever expanding search for the ideal platform from which to launch our hopes and dreams, we’ve gone through a number of stages. We’re fortunate in that our project is attracting the right kind of attention but how best to harness that attention? How best to utilize incoming resources while creating ample rewards for everyone who gets involved in
Wheel of Doge is the funniest dogecoin game in the world. Besdies, it allows more privacy and little fees allow companies to accept lower amounts of cryptocurrency. The founders aim, is to represent Dogecoin with something elegant and simple. It has an easy to use affiliate program and ‘Be The Bank’ feature. So earnings go back to players mainly and anything left over goes to further development. Recently We published a detailed article on Bitcoinist.net,
I examine the dollar tracking mechanisms of both NXT and BitsharesX. If a few months ago you would have told me I’d have two digital options, existing in an extremely low fee environment, capable of shoring up value because they were pegged to the US Dollar… I probably wouldn’t have believed you. If your currency of choice is going through a chaotic, volatile phase why not simply store that value (temporarily) in an asset that
I enter both BitVCs futures contest and 1BTCXE’s trading contest at the same time. Being a true masochist when it comes to research and all things cryptocurrency I decided it wouldn’t be enough to explore 1BTCXE’s new trading platform or BitVCs new trading platform one at a time but to instead play both on nightmare difficulty by attempting to navigate both at the same time. Since both organizations decided to start and end their contests
Last week I took a look at the new BitsharesX platform and tried to make sense of their BitAsset system. Since then I’ve gone through 5 versions of the application, hurdled a number of bugs, and generally spent a lot of time staring at my screen trying to get a grasp on exactly what was happening. Despite all this I still managed to make money. While the application and the whole BitsharesX paradigm are still
Interview with Hash Profit team! As Nuno goes more in depth about in this article, cloud mining is becoming an increasingly popular option for miners, veterans and people new to the game alike, as the difficulty of mining increases, with subsequently the cost of entry rising as well. In the interview, Hash Profit team goes over mining operations, hardware used, etc. Full article can be read here. Bills Ninja: Pay Bills with Bitcoin! Coming from
This article will present an overview of Bitcoin-Trader investment opportunities. Bitcoin-Trader is a digital currency investment management company launched at the end of 2013, offering Bitcoin related investments to the general public. In April 2013, the Bitcoin-Trader Team decided to develop a business model of its own. As the result Bitcoin Trader was born, with a clear vision to create a company that revolutionizes the way to earn residual income, with the main focus on
The demand for digital currencies is on the rise and there is already an estimated 80,000 businesses currently accepting Bitcoin throughout various countries. Bitcoin is becoming progressively of mainstream use, and businesses who are still delaying bitcoin payments acceptance are falling behind from this digital currency revolution, that is surely is here to stay. The Majority of forward-thinking business man around the world is hopping onto the Bitcoin payments trend; many of them are adopting