Blockchain

Exploring the Impossibility of Full Decentralization

Exploring the Impossibility of Full Decentralization By Vlad Andrei This article first appeared on albaronventures.com In our quest to escape from existing corrupt centralized systems, we may believe that it’s possible to achieve complete decentralization. However, recent academic research shows that this is unfeasible — at least sustainably. For example, Bitcoin’s Proof-of-Work (PoW) mechanism relies on many different […]

Digital yuan nears launch as China sweats over Libra

Sovereign virtual coin lets Beijing bolster oversight and boost currency abroad. China appears on track to launch a sovereign digital currency next year, becoming the first major country to do so, as Beijing aims to track money flows more closely and combat planned cryptocurrencies such as Facebook’s Libra. With work completed on conducting research and setting standards […]

Why China Is Banning Crypto but Is Bullish on Blockchain

Babel Finance is one of China’s largest financial service providers.  The firm works with crypto mining companies to fund the volatile industry and products including crypto-backed loans, deposit services, margin trading and derivatives. Since July 2018, Babel has issued $400 million in crypto-backed loans with a balance of more than $300 million outstanding. Before pivoting […]

Baidu’s “Xuperchain” launch is just the beginning of China’s blockchain rush

Baidu, the search engine often called the Google of China, has launched a public beta version of its blockchain service for businesses, called Xuperchain, according to a local report. What is it? The service is supposed to let small and medium-size businesses and developers cheaply launch so-called decentralized applications, or dapps. It’s also just one […]

China gives Ethereum a promotion

China’s state-backed tech workgroup has released its 15th blockchain technology assessment, promoting Ethereum to second place after its recent hard fork, Cointelegraph reported The Center for Information and Industry Development (CCID) released the list on December 6, ranking 35 assets in total. In the latest rankings, EOS kept its top spot, Ethereum moved from third […]

Russian Prime Minister is for blockchain implementation in country

Gazprom is a Russian gas industry company which produces natural gas from scratch and sells it. Most of the company is owned by the Government of Russia. Recently the company had announced its own blockchain network. Since the government owns most of the company the prime minister of Russia Dmitry Medvedev gave his approval to […]

The Promise of Blockchain

The Promise of Blockchain Each of these blockchain networks has its own native currency but cannot interoperate with other blockchains since their underlying codes and protocols are different. To fully harness the promise and potential of blockchain technology, interlinking bridges between each network must be established. The interoperability of the networks enables blockchains to communicate […]

Twitter and Facebook Want to Shift Power to Users. Or Do They?

A decentralized internet was hailed as a way to dethrone Twitter and Facebook. But to the tech giants, the idea could unload some of their burdens. Not so long ago, the technology behind Bitcoin was seen in Silicon Valley as the best hope for challenging the enormous, centralized power of companies like Twitter and Facebook. […]

Is Bitcoin Banned in China?

Earlier this month, the People’s Bank of China (PBOC) which is the central regulatory authority that regulates financial institutions and drafts the monetary policy of the country, issued a statement that “it would block access to all domestic and foreign cryptocurrency exchanges and ICO websites.” As per the news, China aims to clamp down on “all cryptocurrency trading with […]

Bitcoin, Ethereum Forecasts for 2020

Bitcoin trends. BTC will continue to dominate the crypto narrative. Other operators won’t like to hear this, but Selkis says that “almost no one outside of the industry cares about anything but Bitcoin.” Halving narratives may be little more than a “self-fulfilling prophecy” – although halving may well boost BTC’s cause by reminding the world […]

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