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”
If you’re a proponent of Bitcoin, you likely consider it to be the future of currency. Others underscore its volatility and abuse by bad actors, terrorists, and international drug cartels as representative of a bad idea.
According to this analysis by UBS, a Swiss multinational investment bank, a significant liability is that its networking capabilities are too slow. Ethereum is much faster, but still not up to the scale necessary for processing massive transactions.
However, at least two private Swiss banks are now accepting cryptocurrency deposits.
Regardless of where you stand on the current state of Bitcoin and cryptocurrencies in general, things will change. And new technologies that impact large swaths of international populations don’t always accomplish such in a linear fashion.
Chris Langlois Co-Founder of Crypto Equities speaks about the current environment of cryptocurrencies.
Bitcoin pioneered the crypto market. It’s a way to store value in a different form. But there has been a lot of volatity and scams and it’s still in its infancy.
The market is wisening up and we are entering the Crypto 2.0 phase.
The good news about blockchain hype is that the technology is becoming more known in society. The bad news is that there is plenty of misinformation and unflattering news.
If you’re reading this, it’s likely you already know blockchain is not synonymous with Bitcoin or any other cryptocurrency. But many conflate these together. So that’s a fundamental point of misinformation. Continue reading “Blockchain Social Media on the Rise”
Ethereum has been getting all the buzz but EOS is seeing massive early adoption. Some of the drivers of rapid adopting are based upon its elimination of transaction fees and also the ability to scale to millions of transactions per second.
EOS has recently hit #1 on Blocktivity.info
Public blockchains are decentralized and distributed across a large network of computers (at least that’s its intention). This reduces the opportunity for data tampering, which is designed to create trust in the system.
Some blockchains can be public and open to anyone. Others can be private. There are also hybrids which can use variations of public and private data.
One profound factor of blockchain is the bypassing of a reliance on third parties, such as lawyers in the real estate and other markets, to verify the actuality of certain circumstances — land titles, for example. The video above explains blockchain and its capacity to reduce the need for intermediaries.