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Tag Archives: decentralized

Cubbit launches a decentralized peer-to-peer cloud storage service

The internet was originally innovated to offer humans a decentralized network for computer based communications that is independent of any central entity’s control of data flow. The world wide web was not originally developed to rely on enormous server farms, cloud lock-ins, and high speed networks, as it has evolved to be today. However, it was inspired by concepts of ... Read More »

Darknet Vendors and Buyers Switching to Decentralized Trading Solutions

A recent report issued by Digital Shadows claims that darknet vendors and buyers are increasingly moving away from the use of centralized darknet markets, like Dream Market and Wall Street Market, and moving to decentralized marketplaces. Digital Shadows is an organization which monitors and reports on the darknet, the clearnet, and the deep web. In the new 15 page report, ... Read More »

Decentralized Darknet Markets Have Arrived: OpenBazaar 2.0 Beta Launches with Support for Tor

  OpenBazaar recently launched the beta version of OpenBazaar 2.0, finally allowing people to anonymously buy and sell products with cryptocurrency. In January of this year a Developer Release of version 2.0 of the OpenBazaar software was released, followed by the alpha version. The previous releases of OpenBazaar 2.0 used a testnet, but now with the beta version of the ... Read More »

Legal Aspects of DAO (Decentralized Autonomous Organization)

Decentralized autonomous organization (DAO) represents an innovative means for organization of a network of decentralized users for taking common decisions and engaging in smart contracts. Any user can submit a smart contract proposal to the DAO. Every user can vote for or against any given smart contract. The DAO program will execute the decision voted for by the majority. The ... Read More »

Blocktix : Decentralized Network for Event Hosting & Ticketing Using Ethereum’s Blockchain

Blocktix is a novel, decentralized platform for ticket distribution and event hosting. The platform operates via Ethereum’s smart contracts, which enable verification of authentic tickets rendering it almost impossible to counterfeit them. Blocktix is aimed at providing a decentralized network for distribution and sales of tickets. Individuals as well as companies can buy and sell tickets via means of cryptographic ... Read More »

Trust Is Risk – Bitcoin Based Reputation System for Online Decentralized Marketplaces

Online marketplaces can be either centralized or decentralized. Ebay is one of the most popular centralized online marketplaces, while OpenBazaar is by far the most popular decentralized online marketplace. Online marketplaces rely, in a way or another, on creating a reputation system for both sellers and buyers, which is a common denominator between centralized and decentralized marketplaces. In most cases, ... Read More »

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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 »

Decentralized Instantaneous Poker Protocol Using Ethereum/Solidity

Today’s standard model of communication renders it impossible to establish a fair multiparty computation model, if an honest majority of participants cannot be guaranteed. This represents a big problem when it comes to designing a 100% fair, secure, decentralized poker platform. Accordingly, the past couple of decades have witnessed numerous research attempts to bypass this hypothetical impossibility mainly via implementing ... 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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DRAFT – Using Financial Derivatives To Secure the Assets of Decentralized Applications (DAPPs)

Ethereum contracts can be formulated to act like decentralized applications, or DAPPs. Numerous DAPPs are already operating including a role playing game, an online marketplace, an internet service provider and a prediction market. Unfortunately, DAPPs are vulnerable to hacking, and the funds they hold can be stolen. The recent attack on a DAPP, known as DAO, has revealed that smart ... Read More »

Utilizing The Blockchain & Smart Contract Technologies To Create a Decentralized Government

Bitcoin and the blockchain technology haven’t only revolutionized the financial system, but also introduced us to a whole new era of decentralization that can change the global political system. The blockchain technology has the potential to enable individuals to change how they interact in politics via an unprecedented system that is primarily based on disintermediation via blockchain’s automatic trustless transactions. ... Read More »

Golem Network: Decentralized Computing

Golem is a distributed computing network based on an Ethereum smart-contract payment system. It allow its users to buy or sell computational power from their peers, offering a competitive alternative to traditional centralized cloud-based platforms like Google Cloud Platform and Microsoft Azure. This decentralized solution can be used for pretty much anything, from stock market simulations, to protein folding simulation, ... Read More »

Decentralized Exchanges: Goxed No More!

Bitcoin was created as a trustless and censorship-resistant currency in which the holder has complete control over his funds. It gives people the ability to be their own bank and to transact directly with one another. Centralized exchanges, despite providing a valuable service, remove this control from their users. “A purely peer-to-peer version of electronic cash would allow online payments ... Read More »