Led 14

The Blockchain: Decentralized, Secure, and…Romantic?

· January 14, 2017 · 1:00 pm

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Block number 448064 on the Bitcoin blockchain contains a cryptic and romantic love letter written in the form of transactions.


You + Me = ฿

The Bitcoin blockchain is known for its immutable and transparent nature, which makes Bitcoin the perfect protocol for the decentralized transfer of value. Transactions are permanent and can not be changed or erased. They are also public for the whole world to see. These same characteristics also make it the perfect place to store records and apparently love letters!

chain-257490_640

Although the Bitcoin blockchain has been used to prove far more formal things like financial records or identities, this time it was used as a proof-of-love. Someone sent out a cryptic message to his better half on block number 448064 in the form of transactions, which can be seen in the image below:

bitcoinist_blockchain_letter2

These transactions spell out:

DayahDover, your personality is unmatched. Your intelligence just shines. You can do things few people can and you are always gorgeous. You are my entire world, giving my life meaning fun. Daya, I love you forever.

Bitcoinist recently covered Julian Assange and the cryptic messages he sent out in October in the form of outgoing transactions sent to vanity addresses. However, these are different, not only in sentiment but also in the sense that they were sent to addresses that are not “valid,” meaning that the sender does not control the other addresses and the bitcoins sent are lost forever. Not to worry, though, as the sum wasn’t too large, about $26.28 USD.

Not the First Time

Yes. This is not the first time the blockchain has been used as a permanent and immutable proof-of-love. ‎Thanks to Bitnation, David Mondrus and Joyce Bayo used the Bitcoin blockchain to register their marriage, which took place at the Disney World Coins in the Kingdom Bitcoin Conference.

CEO at SingularDTV, Zach LeBeau and his wife Kim Jackson have also decided to immortalize their union on the Ethereum blockchain. The couple got married on the 2nd of November at the ConsenSys headquarters in Williamsburg, New York and recorded their vows on the blockchain, while creating their marriage contract on Ethereum.

Kim Jackson said,

I always knew I wouldn’t get married in a traditional way … and this is as original and non-traditional as you can get!I love it and I love being a pioneer with my man.

While this may seem a bit out of reach for the non-tech-savvy, it’s not! Anyone can easily create their marriage contract thanks to Hudson James. He was inspired by a tweet sent out from Joseph Lubin in response to his one-year marriage anniversary.

The tweet read:

The LoveChain

The blockchain is, in fact, the perfect place to make anything permanent, immutable, and public, and thus the best place to leave a romantic mark for your significant other, which will last longer than the good ol’ fashion “heart in a tree” or a padlock on a bridge.

bitcoinist_heart_in_tree

As we’ve seen, it can also be a place to prove a formal union such as a marriage and even to arrange its details. The couple Gaurang Torvekar and Saylee Kaluskar immortalized, not only their union on the blockchain but also their prenuptial agreement, which was written and encoded into a smart contract on the Ethereum blockchain.

The conditions of the contract can be seen on the website created by the couple, which reads:

While talking about blockchains and its endless possibilities, we thought of using it to solve our day to day problems. As we are getting married this December, we immediately thought of a putting our pre-nup on the blockchain as a ‘smart’ solution! So the next time when we have to decide which show to watch on Netflix, this is where we can find the tamper proof, single source of truth- that no coder or a photoshop master can manipulate.

However, Bitcoin can not only be a place to show your love, but it can also be a place to hide it.

Would you consider showing your love on a public blockchain? Let us know in the comments below!


Images courtesy of Shutterstock

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Čvn 07

Swirlds Addresses Blockchain Limitations With Hashgraph

Source: bitcoin

Bitcoinist_Swirlds

Swirlds is a startup claiming to solve the limitations of blockchain technology, while harnessing the power of the cloud without servers. Ping Identity has announced their seed investment in this company, to leverage the power of blockchain without limits.

Also read: Industry Report: Is Security in the Finance Sector Too Weak?

Many people see the blockchain as a way to achieve distributed consensus in a variety of industries and through different use cases. Moreover, this concept can generate distributed trust, albeit there are some limitations to take into account as well. Untrusted members of the blockchain network, for example, force the adoption of proof-of-work mechanisms to create a majority consensus.

Swirlds Creates Mysterious Bitcoin Blockchain Competitor

According to Swirlds, this is a waste of resources and introduces high lag rates. The company also criticizes blockchain for not having trusted timestamps or proof of receipt. A lot of people will take offense to the “not having trusted timestamps” part as the Bitcoin blockchain is immutable thanks to its proof-of-work algorithm.

Constellation Research’s Steve Wilson stated:

“The real impact of blockchain was always going to be its inspiration. Blockchain ‘squared the circle’ in digital currency and that was amazing. But the first generation algorithm is not efficient or practical for other applications, What the community needs is real research and development that will begin to solve these challenges — not solutions that arbitrarily jam the blockchain algorithm into every pet problem. This collaboration of Swirlds and Ping Identity is fresh, focused R&D and a very significant advancement for moving Identity forward.”

Swirlds claims they can create the next generation of distributed consensus through their hashgraph platform. While still promoting fairness and distributed trust, it is also resilient to DDoS attacks. However, it does not require proof-of-work to achieve any of these goals, which makes it rather peculiar.The associated whitepaper does not mention specifically how the company delivers this technology

It is well worth noting the Swirlds solution is not permissioned, contrary to what some people might have expected. Anyone can participate in this new distributed consensus model, which is a positive sign. However, without clear evidence of how the technology works and whether or not it can be trusted, it remains doubtful the Swirlds concept can work in real-life situations.

What are your thoughts on hashgraph? Will Swirlds be a company to keep an eye on? Let us know in the comments below!

Source: Swirlds

Images courtesy of Swirlds, Shutterstock

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Kvě 24

Blockchain-based Remittance App AirPocket Comes To Latin America

Source: bitcoin

Bitcoinist_Remittance

Blockchain technology has a lot of potential to disrupt the financial sector, and DigitalX is one of the companies wielding the blockchain for remittance purpose. Now that the company has inked a deal with Telefonica in Latin America, AirPocket will be coming to that region very soon.

Also read: Lisk Expands Team Heading Into May 24 Launch

People active in the world of cryptocurrency and blockchain will have heard of DigitalX before, as the company wields distributed ledger technology for financial purposes. Through its AirPocket mobile app, anyone in the world can become a remittance provider, which established a peer-to-peer network of money transfer agents.

Bringing AirPocket to the masses has been a challenge for DigitalX, though, but the company recently partnered with Telefonica in Latin America. Telefonica is the leading Latin American telco, and this new partnership will ensure the DigitalX mobile app will make its way across the entire continent over the next few months.

Blockchain Remittance Through AirPocket and DigitalX

According to DigitalX founder and executive chairman Zhenya Tsvetnenko, the deal with Telefonica is the first of many global partnership announcements. Keeping in mind how DigitalX takes an 11% commission for every AirPocket transaction, bringing this solution to the rest of the world is of the utmost importance.

AirPocket is often touted as being the “Uber of remittance”, as it leverages the sharing economy principle. Additionally, by using a blockchain to complete these transactions, DigitalX has a working example of how this technology can disrupt the financial sector on a large scale while making the process more convenient for its users.

Zhenya Tsvetnenko continued by stating:

“The Telefónica partnership is transformational for our company, and I am not only talking from a revenue opportunity perspective. The fact is, this deal puts our emerging technology company on the global stage and cements our position as a first mover in providing a blockchain application of commercial scale.”

This is a significant partnership between DigitalX and Telefonica, which goes to show AirPocket and its underlying blockchain technology hold a lot of merit for the future. Transferring cash and digital funds between users in a secure and timely fashion is something a lot of consumers have been looking for, and the solution will be coming to Latin America soon.

What are your thoughts on this partnership? Will AirPocket help put blockchain technology on the map in the financial sector? Let us know in the comments below!

Source: The Australian

Images courtesy of Shutterstock, AirPocket

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Kvě 16

Onename Parent Company Is Now Known As Blockstack Labs

Source: bitcoin

Bitcoinist_Rebranding

Bitcoin and blockchain enthusiasts may recall an application called Onename, which was built on top of the identity- and storage-providing blockchain platform called Blockstack. In an announcement earlier today, the company announced they will be changing their name to Blockstack Labs.

Also read: Amendment To Ban End-to-End Encryption Passed By Hungarian Parliament

Onename Becomes Blockstack Labs

Now and then, Bitcoin companies will go through a rebranding without affecting their customers all that much. In the case of Onename, which will keep the name as a consumer product, the parent company name will change to Blockstack Labs. Onename will continue as it has before, in the form of a Webapp and an API.

Keeping in mind how this solution is built on top of the Blockstack blockchain platform, the rebranding to Blockstack Labs seems to make a lot of sense. Moreover, the company will continue their involvement in contributing to and maintaining the Blockstack open-source software, as there is no reason to change that part of the business.

However, it is important to note Blockstack Labs is just one of the companies working on the Blockstack open-source project, as they are joined by various developers from all over the world.  With over 750 members in various countries, Blockstack has become the largest non-financial application running on the Bitcoin blockchain [based on transaction volume].

What makes Onename so appealing to consumers and enterprises is how it provides an accessible gateway to register and manage identity accounts on a blockchain. However, this market is seeing an influx of new players, including some of Blockstacks’s offerings, such as the command line interface.

The name Blockstack Labs gives the company a more professional appeal, and the team is excited about this new structure and direction for the enterprise. No changes are made to the underlying server and infrastructure, and developers are welcome to try out the Blockstack platform for themselves.

What are your thoughts on Onename rebranding to Blockstack Labs? Let us know in the comments below!

Source: Onename

Images courtesy of Shutterstock, Onename

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Kvě 14

Japanese Company Raising Funds Abuses Tech Bureau Corp. Credentials

Source: bitcoin

Bitcoinist_Company Credentials

Success in the world of Bitcoin and cryptocurrency inadvertently leads to unwanted attention. In the case of Tech Bureau Corp, the company behind Zaif and Mijin blockchain technology, they became the victim of Akitsu, Co, Ltd. using some of their product names for commercial purposes.

Also read: Bitcoin.com Launches Official Casino, Free Bitcoin Bonus

Akitsu Crowdfunds By “Borrowing” Tech Bureau Corp. Resources

Both Tech Bureau, Corp and Dragonfly Pte, Ltd saw some names of their staff members, product names, materials, trademarks, and business plan abused by a company going by the name of Akitsu, Co, Ltd. All of these efforts were part of commercial activities conducted by the latter company, primarily in the field of fundraising activities using the resources as mentioned earlier.

Tech Bureau Corp. made it clear they – nor Dragonfly Pte, Ltd. – have any relationship with Akitsu, nor did they make any commitment to share their resources with this company. Additionally, the usage of the trademarks is prohibited,  and there are no capital ties between the affected businesses and Akitsu. However, one of the former officers of Tech Bureau Corp. was involved on Akitsu at a previous stage in his career.

According to the information, we have received, Akitsu was founded in January of 2016, and dissolved less than a month later. To make matters even more intriguing, Akitsu founders have started a new company called Soramitsu Co. Ltd three days later. Tech Bureau Corp. and Dragonfly have no commitment to this new business either, which is registered at the same address as Akitsu once was.

Both affected companies have launched a thorough investigation into the matter, and the evidence is pointing toward a breach of confidentiality, misfeasance, or misinformation. The investigation is still ongoing at the time of publication, and more information will be revealed as it becomes available.

Investors of Tech Bureau Corp. and Dragonfly Pte, Ltd were worried about this new company using their trademarks and names of their staff members. Keeping in mind how Tech Bureau runs the Zaif Bitcoin exchange, as well as the Mijin blockchain platform, they have gotten a lot of attention in recent months. Apparently, certain individuals are looking to ride their coattails, a business malpractice that has been nipped in the bud before it could become a significant concern.

What are your thoughts on Akitsu using the trademarks and staff member names of another company involved in the Bitcoin world? Let us know in the comments below!

Source: Tech Bureau

Images courtesy of Tech Bureau, Shutterstock

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Swarm Decentralizes Storage and Bandwidth Through Ethereum

Source: bitcoin

Bitcoinist_File Storage

A new distributed storage platform has been announced, called Swarm. What is even more interesting is how this project is a native base layer of the Ethereum web three stack. Additionally, Swarm could also be used as a content distribution service, which opens up exciting opportunities.

Also read: Bitcoin.com Launches Bitcoin Casino with Over 1000 Games and Free Bitcoin Bonus

Ethereum-Based Swarm Has Been Released

Similar to every project in the world of blockchain and cryptocurrency, Swarm has one clear objective: creating a decentralised and redundant store of Ethereum’s public record. Or to be more precise, the company wants to focus on storing and distributing Dapp code and data, as well as blockchain data necessary for a wide variety of Ethereum community members.

In the true nature of decentralised and distributed solutions, Swarm allows participants to pool their storage and bandwidth capacities to provide this service. This draws some parallels to what Storj is trying to achieve on the Bitcoin blockchain, as bringing new peer-to-peer storage solutions to consumers and enterprises is an important area worth exploring.

What makes Swarm different from the World Wide Web is how there is no specific server in place when uploading data. This allows the project to offer DDoS-resistant and fault-tolerant solutions, which are also self-sustaining due to a built-in incentive system for all platform users. Trading computer resources for payment will offer a way for users to earn money, as well as decentralise file storage on a global scale.

But there is more, as Swarm has been designed in such a way that it integrates with the devp2p multi-protocol network layer of Ethereum. Additionally, this project uses the Ethereum blockchain for domain name resolution, ensuring content is available at any given time, and service payments. As far as content distribution goes, the Swarm platform wants to serve as a platform that promotes collaborative editing, including reputation and an endorsement system.

There is a dedicated development roadmap for Swarm as well, which includes the release of orange paper series at a later date. As one would come to expect, the network itself will need to undergo thorough testing, which will start on a private net before being released to the public. By the look of things, it will take several more months before this project will be available to the masses as there is still a lot of work left to do.

What are your thoughts on this concept? Will it be a successful take on decentralising storage and bandwidth? Let us know in the comments below!

Source: Swarm-Gateways

Images courtesy of Ethereum, Shutterstock

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Kvě 04

Credits Brings Blockchain-as-a-service To UK Public Sector

Source: bitcoin

Bitcoinist_Skyscape Cloud Services

Over the past few months, there have been some minor headlines regarding the UK government looking closely at blockchain technology. Credits has announced their strategic partnership to deliver blockchain-as-a-service to the UK public sector.

Also read: Crypto Valley In Switzerland Now Accepts Bitcoin For Train Tickets

Credits Delivers BaaS to UK Public Sector

The name Credits may ring a bell among blockchain aficionados as they are one of the blockchain infrastructure providers in the world. Their bread and butter is helping organizations in building robust blockchains focusing on authentication, reconciliation, and provenance. Moreover, the Credits blockchain solution is interoperable with existing legacy systems and other blockchain providers.

Now that this company has partnered with Skyscape Cloud Services Ltd, the blockchain will be brought to public sector organizations in the UK. But this will not be done in the traditional sense, as the partners roll out blockchain-as-a-service, giving government services complete access and freedom as to how they want to integrate this technology to complete day-to-day operations.

It is not the first venture for blockchain provider Credits in the public sector, as they have been working together the with Isle of Man Government on various initiatives. In fact, they developed the first-known government service running on the blockchain, a feat which has attracted a lot of attention from other governments around the world.

Nick Williamson, CEO, and founder of Credits, told the media:

“We’re seeing a growing number of organisations across industries beginning to explore how blockchain technology can help to streamline or modernise operations, or allow them to offer new, compelling services, and are thrilled to bring Blockchain-as-a-Service technology to the UK public sector in collaboration with Skyscape.”

Combining the blockchain-as-a-service business model by Credits with the assurance and security credentials provided by Skyscape will be quite an interesting project, to say the least. In this Information Age, the digitization of services need to pick up the pace, and collaborations like these seem tailored towards making that happen.

What are your thoughts on this blockchain-as-a-service model for the UK public sector? Let us know in the comments below!

Source: Press Release Via Email

Images courtesy of Credits, Skyscape

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Kvě 03

Valyrian Tech Presents Bitcoin Spellbook Project

Source: bitcoin

Bitcoinist_Valyrian Tech Bitcoin Spellbook

Bitcoin blockchain development is an area worth exploring by all kinds of developers, and the Bitcoin Spellbook v0.1 wants to make that process a lot more approachable. Don’t expect any pointy hats and wand-waving, though, as this project is all about combining APIs and web services using the Bitcoin blockchain to create new applications and tools.

Also read: BitPay Launches Loadable Visa

The Bitcoin Spellbook Focuses on Blockchain Development

Wouter Glorieux, the man behind Valyrian Tech and creator of The Bitcoin Spellbook, is not your everyday developer. That is to say, he is very passionate about Bitcoin and the blockchain, but Wouter is not a part of the “core development team.” Nor is he part of a major company in the Bitcoin and blockchain world either, which makes his take on development rather unique.

The primary focus for Wouter – and The Bitcoin Spellbook as well – is to write software using the Bitcoin blockchain, by using standard features which can be found in every wallet solution available. Granted, this may limit some of the tools and options at the disposal of developers, but it also creates a better foundation for future innovation in the industry. With so many trying to figure out what Bitcoin and blockchain are, there is no reason to get ahead of ourselves at this stage.

It is important to note The Bitcoin Spellbook has nothing to do with new tokens or special apps, as all the user needs is a Bitcoin wallet address. Or to be more precise, this needs to be an address the user can control at all times, as sending from the same wallet address is the best way to go about things. Reusing the same address time and time again has its caveats, but since this project is all about public use cases – and not personal wallet usage – there is nothing major to worry about.

Over the coming weeks, more details regarding The Bitcoin Spellbook will be revealed by Wouter Glorieux. Some of the topics touched upon include fetching data from multiple blockchain explorers, a simple voting mechanism, and automatically distributing BTC based on a SIL or custom distribution. All of these topics-  and more – hold a lot of promise for the Bitcoin blockchain in the coming years, and it is positive to see someone taking their time to explain this technology further.

So far, Wouter Glorieux has been funding the development of The Bitcoin Spellbook himself. However, he is hoping to complete his crowdfunding campaign successfully on Indiegogo, which aims to raise at least 10,000 EUR over the coming month. Bitcoin contributions are more than welcome as well, and the Bitcoin donation address can be found in the blog post.

What are your thoughts on this initiative by Wouter Glorieux? Will this help put Bitcoin blockchain development on the radar? Let us know in the comments below!

Source: Medium

Images courtesy of Valyrian Tech, Wouter Glorieux

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Kvě 02

Former Maestro CEO Joins Agentic Group Blockchain Consortium

Source: bitcoin

Bitcoinist_Agentic Group Blockchain

Blockchain consortia are nothing new under the sun these days, and Agentic Group is one of one consortium very few people have heard of so far. This global Blockchain and digital currency initiative has added former Maestro CEO Ann Camarillo to their Senior Advisors board.

Also read: New Ransomware Strains No Longer Want Your Bitcoin

Agentic Group Focuses On Blockchain And Digital Currency

The name Agentic Group will not ring a bell for most people, although they are a global membership-based consortium focusing on blockchain and digital currency. This group aims to achieve their goals by providing education, development services and consulting to businesses, governments, and nonprofit organizations all over the world.

The addition of Ann Camarillo to the Agentic Group Senior Advisors is a significant milestone for this company, as she brings years of experience in the financial sector to the table. Some people may have heard of her before, as she is the former CEO of Maestro and Cirrus, two names which have made a name for itself in the payments industry before and after the year 2000 came by.

All in all, Ann Camarillo had a 20-year career over at MasterCard Worldwide, which allowed her to rise the ranks and get to the nitty-gritty of payments and settlements. She has experience in business development, customer management, and various other position within the MasterCard Worldwide ecosystem. She is also the President and CEO of Boloro Global Ltd, a company focusing on establishing a mobile payments network.

Agentic Group Founder Rik Willard told the media:

“Ann brings a unique perspective and focus on consumer payments using mobile, evidenced by the explosive entry of Boloro mobile payments into emerging economies. Her mission to drive cash replacement is truly at the epicenter of what our members believe to be the future with Blockchain and Digital Currencies.”

Keeping in mind how Ms. Camarillo has plenty of experience with implementing new technologies to create additional revenue streams, it will be interesting to see what she can do for Agentic Group in the coming years. She does seem to be a big fan of blockchain technology, though, as she feels this concept “will be a true game-changer for creating transparent and trusted transaction records.”

What are your thoughts on this move by Agentic Group? What types of products can we expect from this blockchain and digital currency consortium? Let us know in the comments below!

Source: Press Release Via Email

Images courtesy of Agentic Group, Ann Camarillo

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BitFury Group To Develop Blockchain-based Land Titling Project in Georgia

Source: bitcoin

Bitcoinist_Land Titling

BitFury Group has partnered with the Georgian National Agency of Public Registry to bring a blockchain land titling project to fruition. Additionally, with the help of Hernando de Soto, the collaborative project wants to bring more transparency and proper record-keeping to this sector.

Also read: Peter Todd Exposes MIT ChainAnchor Project That Enables Tracking Bitcoin User’s Identity

BitFury Group And Blockchain Land Titling

Property rights have always been a topic of substantial debate in the world, particularly when emerging and struggling markets are concerned. Two of the main concerns people have when it comes to land titling is transparency and accountability, neither of which are present in the current systems used for this sector.

This is where BitFury Group will come into the picture as the company is one of the world’s leading distributed ledger companies. Thanks to their partnership with the Republic of Georgia’s National Agency of Public Registry and world-renowned economist Hernando de Soto, blockchain technology will aid in creating a better land titling system for the country.

For quite some time now, various companies have been exploring the boundaries of blockchain technology outside of the financial sector. Land titling is an area well worth exploring, as a secure property registration service on top of the blockchain can bring the much-needed accountability and transparency to the table. In fact, BitFury Group hopes to secure billions of dollars in assets with this system over time.

Papuna Ugrekhelidze, the Chairman of the National Agency of Public Registry of Georgia, told the media:

“We are thrilled to partner with The BitFury Group on this important project. By building a Blockchain-based property registry and taking full advantage of the security provided by the Blockchain technology, the Republic of Georgia can show the world that we are a modern, transparent and corruption-free country that can lead the world in changing the way land titling is done and pave the way to additional prosperity for all.”

Regardless of how people may feel about the blockchain, the technology has been showing its resilience in the cryptocurrency world since 2008. With records that cannot be altered once they are created, combined with an unprecedented level of transparency while still respecting user privacy, this technology seems perfectly tailored towards a land titling system.

Later today, Hernando de Soto will give a lecture at the Technology Park in the Republic of Georgia. Among the topics to be touched upon are property rights, international development, and global poverty. This world-renowned economist will share his view on these situations, and how people can ensure access to property rights for everyone.

What are your thoughts on this land titling project by BitFury Group? Will the blockchain be a powerful ally in this regard? Let us know in the comments below!

Source: Medium

Images courtesy of BitFury Group, Shutterstock

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