Investors in China launched a crypto scam after being deceived themselves — and got busted by the police.
The most basic definition of blockchain is a shared, digitized ledger that cannot be changed once a transaction has been recorded and verified. All parties to the transaction, as well as a significant number of 3rd parties maintain a copy of the ledger (i.e. the blockchain), which means it would be practically impossible to amend every copy of the ledger globally to fake a transaction.
Bitcoin’s success has triggered the establishment of nearly 1000 new cryptocurrencies, leading to the delusion that the only application of blockchain technology is for the creation of cryptocurrency.
However, the blockchain technology is capable of a lot more than just cryptocurrency creation and may support such things as transactions that require personal identification, peer review, elections and other types of democratic decision-making and audit trails.
While both PoW and PoS have a lot to offer, this year, in particular, is promising to be a special one for proof-of-stake.4336
Israel will have its first central securities lending platform this November, built on blockchain technology.10116
Decentralized finance should include decentralized energy as it uses DApps and blockchain and has the same logic, says Lition.9213
Former Bank of China vice president says digital currencies can be a substitute for cash on circulation.9836
Tencent to build a blockchain-based wine traceability platform for China’s oldest wine producer.6929
Basic recommendations for those who are considering incorporating crypto business in Estonia.1482
A blockchain startup is leveraging the technology to protect content creators and maintain copyright over their works.10880
This time around, for however long it lasts, Bitcon’s run and the altcoin season are going to be very different.10466
Tokenizing blood may help with supply chain efficiencies, creating a way to trace blood from the donor to the hospital.13142
The digital asset is now experiencing what may be a historic rise in acceptance, as the COVID-19 pandemic revealed its needs.5784
The crypto industry has the best historical moment to change the discourse about cryptocurrency and its reputation into a successful innovative tech sector.6756
BlackBerry exec believes that many businesses don’t have a great visibility about the combination of crypto mining apps with malware.14706
Despite the significant growth of decentralized crypto exchanges, their centralized counterparts still control the majority of industry trade volume.4363
Bitcoin a secure cryptocurrency, whereas Ethereum has been a “frontrunner” when it comes to smart contracts.9615