Cryptocurrency is derived from two words. Crypto is from Greek and means “hidden” or “secret.” Currency is from Middle English and means, “in circulation.” The crypto part refers to cryptography, which in this application means keeping the money private and secure and for verification purposes.
So, on an elemental level, cryptocurrency means secure or private money. But there’s more to know. Continue reading “What is Cryptocurrency?”
In brief, at this stage of the game, blockchain isn’t for everyone. As highlighted in this blockchain article, one key takeaway is that “ICO companies that invest in blockchain have a 98% failure rate.”
This is not intended to cast shade on its potential, but blockchain merits should be weighed carefully relative to your business interests. Smaller companies, in particular, are at risk. The cost of developing blockchain technology is high and the current performance levels, including the volume of transactions that can be processed per second, is low.
Following is a Blockchain Decision Tree for a more considered appreciation as well as options to consider a public, hybrid or private blockchain.
A cryptocurrency wallet is a digital software program used to receive, store and send digital currency, such as digital coins or tokens, for buying and selling or other monetary transfers. There are different types of wallets, with a hardware variant deemed the most secure. A wallet does not actually contain the currency itself, but contains security codes call “keys” which reference the money on a blockchain. In other words, wallet “storage” is really a way to prove ownership.
For more info, visit Cryptocurrency Wallet Guide: A Step-By-Step Tutorial
The design trend for optimizing online registration processes is predicated upon reducing friction. The idea is to make the process as simple and painless as possible. Continue reading “MyEtherWallet Signup Warnings”
Civil.co describes itself as “The Decentralized Marketplace for Sustainable Journalism.”
Its mission is “to help power sustainable journalism throughout the world.”
“We believe in a new approach that takes advertisers and other third-party interests out of the equation, enabling journalists and readers to connect directly and focus on telling impactful stories.”
Continue reading “Civil: A New Journalism Paradigm on Blockchain”
The idea of multiple blockchains ultimately interacting with each other seems as intuitive an evolution as any prognosis on the future of the technology and is highlighted here by Jerry Cuomo, IBM Fellow and VP of Blockchain. Continue reading “One Blockchain Network To Rule Them All? Nix.”
Having spent years in the software and data industry, I’m aware of how imperfect software is. Heck, any casual user of software has likely had that realization.
Hence, it’s not much of a stretch to state that I don’t think we’ve seen the end of security vulnerabilities in cryptocurrencies. And as highlighted in this article, Bitcoin Dev Finds Potentially Crippling Security Flaw In Bitcoin Cash, some issues are still being discovered in mid-2018 that are remarkably serious. Continue reading “Cryptocurrency Security Issues”
Everipedia conceives that it is building a better Wikipedia on blockchain. There is no shortage of complaints about Wikipedia and any attempt at a better one should be encouraged.
But the premise of Everipedia introduces its own problems. I have no issue with the concept of paying people to contribute to Everipedia, but I believe the core idea that the best content will rise to the top is flawed. At least if you’re concerned about veracity. Continue reading “Everipedia: A Wikipedia on Blockchain”
Venture capitalists invest in new businesses in exchange for an equity stake. Whether they make any money at all, or how much they make, is determined by the success of the target business. Hence, venture capitalists are selective about what they invest in, but high growth potential is a key expectation, often in 3–7 years. Continue reading “Traditional Venture Capitalists Funding Blockchain”