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Tag Archives: blockchain

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Hallex – A Decentralized Cryptocurrency Exchange Via Ethereum’s Turing-Complete Blockchain

A large number of cryptocurrency exchanges have experienced cyberattacks that led to the loss millions of US Dollars worth of bitcoins and altcoins, during the past 4 years. In most cases, most cryptocurrency exchanges utilize centralized servers, where trading takes place, to store and manage digital assets, which renders them highly valuable targets for hackers. Accordingly, decentralized exchanges represent ideal ... Read More »

µchain – A New Mutable Blockchain That We All Need!

A group of researchers have recently published a paper that explored the idea of creating mutable proof-of-work (PoW) blockchains. They presented µchain, a novel mutable blockchain, that promotes modification of blockchain’s history. By definition, a blockchain represents an immutable, decentralized data structure that record a chain of events, such as financial transactions in case of a cryptocurrency system. Even though ... Read More »

The Kibbutz Economy and The Blockchain – A Hypothetical Scenario

Kibbutzim is a social experiment that has successfully achieved its pre-set goals during the initial years following establishment of this Israeli collective community. During the later parts of the twentieth century, the altered circumstances have faced Kibbutzims with criticism regarding the goals and functioning style of this social experiment. Nonetheless, Kibbutzims have successfully managed to develop and become one of ... Read More »

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Concepts of Cryptolaw – How Blockchain Based Legal Applications Are Changing The Law?

The advent of bitcoin has introduced the world to a groundbreaking innovation that can change the face of humanity once and for all. The past few years have witnessed governmental interests, across several countries, in many of the aspects and applications of the blockchain technology. The examples are numerous; The Bank of England will issue its own cryptocurrency. Sweden is ... Read More »

Æternity Blockchain – A Functional Oracle Machine

Æternity is an exceptionally scalable blockchain protocol that is based on Ethereum’s network. Æternity offers a unique consensus mechanism that can be utilized to check oracles (we will touch on oracles later on in this article), which maximizes their efficiency, as Æternity prevents layering of consensus mechanisms on top of one another. State channels are implemented to maximize scalability and ... Read More »

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Melon Protocol – A Protocol for Managing Digital Assets Using Ethereum’s Blockchain

The past few years have witnessed the emergence of a wide variety of digital assets including cryptocurrencies, contracts for difference (CFDs), collateralized digital assets and others. Consequently, the need for methods to manage this rapidly growing class of assets is increasingly becoming urgent. Although this could be possible via investing in hedge funds, specializing in digital assets, lack of standardization ... Read More »

Arizona Bill Would Ban Mandatory Tracking of Firearms By Blockchain

On January 17th, 2017, Arizona State Representative Paul Boyer introduced House Bill 2216, a piece of legislation which would ban the mandatory tracking of firearms with blockchain technology. The bill provides exceptions for firearm owners who voluntarily agree in writing to having their firearm tracked with blockchain technology, as well as an exception allowing law enforcement officers, who have obtained ... Read More »

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Blockchain Interaction Unit (BIU) – You Don’t Need An Electronic Device To Use The Blockchain!

The blockchain technology has introduced the world to a new form of decentralized economy. The cashless financial ecosystem of cryptocurrencies is not only highly secure, but also offers trivial transaction fees when compared to the transaction fees imposed the retail banking sector. Many decentralization enthusiasts believe that the future economy will be greatly represented by blockchain platforms. Nevertheless, to be ... Read More »

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VirtualPatent – Tracing Online Ideas Via Decentralized Trusted Timestamping Using Bitcoin’s Blockchain

Social networks and other forms of online discussion platforms have made it possible for ideas to be disseminated in the blink of an eye. Nevertheless, there are several logical justifications that render individuals hesitant to share their ideas on the internet. For example, academic researchers usually prefer not to make their contributions public, until they have been formally published to ... Read More »

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K-Chains – Blockchain Protocols Based On Quantum Mechanics

Quantum mechanics have ignited a transformational change in the way we envision the world and utilize technology. Economics is one of the prominent fields throughout which Quantum mechanics can be deployed. Quantum mechanics can be utilized to create a novel class of blockchains. A new paper has just been published exploring the possibilities of building blockchains on the basis of ... Read More »

Ouroboros – A New Proof-of-Stake (PoS) Blockchain Protocol

Ouroboros is a new proof-of-stake (PoS) blockchain protocol that offers rigorous security measures. The new blockchain protocol establishes security properties that are comparable to those offered by bitcoin’s blockchain protocol. As Ouroboros deploys the PoS concept, it is qualitatively more efficient than blockchain protocols that rely on the proof-of-work (PoW) concept. The creators of Ouroboros showcased the practicality of its ... Read More »

Blockchain Use Cases – From Trump to Shakira!

Since the emergence of bitcoin, the blockchain technology has witnessed a meteoric rise in its popularity, not only due to its high levels of security, but also for the relative low costs of its setup. Throughout this article, we will look at blockchain use cases, apart from its use in cryptocurrencies, while stressing on the merits of this innovation. Notaries, ... Read More »

Blockchain Voting & The Future Of Democracy

Blockchain voting can offer a myriad of benefits that would completely transform the face of democracy in the 21st century. Nowadays, voting is mostly carried out using paper based systems which despite their inexpensiveness and accessibility have two major setbacks; firstly, paper voting systems are almost entirely dependent on the honesty and security of personnel supervising the procedure; secondly, paper ... Read More »

Can the Blockchain Technology Revive The Contemporary Art Market?

Contemporary art can create means to investigate the impacts of financial logic across the socio-cultural continuum. Throughout this article, we’ll take a look at how we can utilize the blockchain technology to benefit and catalyze the evolution of contemporary art. Contemporary art can be used as a parameter for analyzing finance’s cultural logic due to the fact that it outlines ... Read More »