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Remember, Ethereum is a ‘blockchain’ with “voting” options. Essentially, the solution to the current problem is yet another algorithm upgrade. Ethereum is in the midst of a “gas crisis.” At least, that’s according to Taylor Monahan, CEO of MyCrypto, who took to Twitter this week to remind users of best practices for setting transaction…
Big on marketing, very low on technology: The Australian government’s Digital Transformation Agency (DTA) 2018-19 budget has already earmarked $530,000 for blockchain research (far from AU$1 billion) IBM has signed a five-year AU$1 billion ($740 million) deal with the Australian government to use blockchain and other new technologies to improve data security, Bloomberg reports…
That *IS* the whole story: China is driving ahead of Silicon Valley and the rest of the United States on venture capital dollars invested into startups. ICO/ITO’s are not even in the picture on this one. The old line about Silcon Valley VC’s still holds true: most don’t want to invest more than 40 miles…
Physicists in China just broke a new record by achieving quantum entanglement with 18 qubits, surpassing the previous record of 10. This significant breakthrough puts us one big step closer to realizing large-scale quantum computing. It’s hard to find a stranger, more exotic phenomenon than quantum entanglement — the idea that two entangled particles, or…
This post is also available in: עברית (Hebrew) Experts say that when quantum computers are fully operational, they will upend the use of password-protected systems, artificial intelligence and other areas of information technology. “Whoever achieves quantum first, everything they are doing and have been doing is irrelevant,” Rep. Will Hurd, R-Texas, said recently. However, the…
This post is also available in: עברית (Hebrew) The adoption of blockchain technology – decentralized ledgers, smart contracts – is gaining traction across many different sectors. It is inevitable that military organizations across the globe will want to ensure they stay ahead of the curve. Blockchain already has various military applications, as suggested by coincentral.com:…
This post is also available in: עברית (Hebrew) The US Department of Homeland Security (DHS) is supporting a technology that integrates blockchain with existing solutions for border security applications. Blockchain is a technology that is highly resistant to data modification. Transactions in a blockchain network are recorded as blocks of information in a chronological chain of…
The Russian Ministry of Defense is launching a research lab to analyze how blockchain technology can be used to mitigate cybersecurity attacks, a local newspaper reported Friday. The nation’s military technology accelerator, referred to as the ERA, is launching a special scientific lab to determine whether blockchain technology can be used to identify cyber attacks…
The Government of Bermuda has announced plans to make amendments to the Banking Act in order to establish a new class of bank to render services to local fintech and blockchain organizations, Finextra reported July 2. Since local banks have reportedly declined to provide banking services to the new type of companies, being concerned about…
A top Air Force commander has assured reporters that no, the military’s experiments with artificial intelligence are not the first step toward “Skynet,” the evil defense network in the “Terminator” movies that tried to wipe out humanity. Google recently announced that it will not work with the Pentagon beyond its 2017 contract on Project Maven,…
Reuters made an excellent post to explain how Blockchains work: A blockchain is a database that is shared across a network of computers. Once a record has been added to the chain it is very difficult to change. To ensure all the copies of the database are the same, the network makes…
By Jamie Bennett, VP of Device Engineering at Canonical (Ubuntu), June 2018 2020, the year that we expect 5G networks to begin turning on is not that far away with some already starting early so it is inevitable that the IoT will adapt to the new features that it brings. Our increasingly connected world, sometimes affectionately…
Blockchain technology has revolutionized the movement of value. Being able to transfer millions of dollars digitally with no intermediary and a transaction fee of just a few cents was unheard of before Bitcoin. While this innovation has gained a global spotlight, there was always a lingering problem: transacting value between Bitcoin and Ethereum still…
The most significant event in monetary history since 1971 occurred a few weeks ago. An event that threatens to upend the global balance of power, the economy of the world, and your portfolio. To understand the significance of this event and the potential scale of its consequences, a little monetary history is in order. For at…
The secrets are hidden behind fortified walls in cities across the United States, inside towering, windowless skyscrapers and fortress-like concrete structures that were built to withstand earthquakes and even nuclear attack. Thousands of people pass by the buildings each day and rarely give them a second glance, because their function is not publicly known. They…
BTCC Pool Limited, the mining pool business of cryptocurrency exchange BTCC, has provisionally agreed to sell 49 percent of its equity. According to a memorandum of understanding (MOU) published on Monday by BTCC Pool and its potential buyer, Value Convergence (VC) Holdings Limited – a Hong Kong-based financial service firm – the deal would raise 147…
With a plethora of business blockchains vying for prominence, banks are under increasing pressure to pick a winner – after all, without network effects, surely the benefits would be lost? While that might be conventional wisdom, Commerzbank AG, one of Germany’s largest financial institutions, is taking a different tack. Rather than choose one protocol on…
Once 21 Inc proclaimed itself the most important crypto startup with the largest funding (supposedly $100m) by Andressen Horowitz and others – and then it got real quiet. Read here about the real funding and its demise – even though dubbed as “turnaround” by the last CEO. [or: Silicon Valley Fluff] “In May 2015,…
(this is written from an USA perspective, but applies elsewhere, too). WASHINGTON — Ask finance ministers and central bankers around the world about their worst nightmare and the answer is almost always the same: Sometime soon the North Koreans or the Russians will improve on the two huge cyberattacks they pulled off last year.…
“80% of firms in the industry surveyed are increasingly reliant upon data to help make better decisions. However, inaccurate data can have far-reaching, adverse consequences. Blockchain-driven technology could solve this problem.” This post is also available in: עברית (Hebrew) The need for better data has been driving industries in large to adopt blockchain technology.…