Technology is unarguably - well, there are solid arguments against the current, advanced state of technology and future developments in the field - great for society, including you, me, your parents, peers, coworkers, and literally everybody else on planet Earth. Farmers in Africa use mobile devices and satellite Internet in…
20 posts tagged
Blockchain
Big Banks Get Into Blockchain Data Systems
According to a recently-published patent filing, Bank of America has, since October of 2016, been pursuing a patent on a blockchain-based data storage system. This system would use blockchain's authentication capabilities to store data securely while providing access only to authorized users. As described by the patent brief, the data…
Eastman Kodak Stock Rises 120% Due to Crypto Mining and KodakCoin
Eastman Kodak announced to the public it plans to mint its own cryptocurrency, the KodakCoin. Shares in the company soared 120% after the announcement. Kodak is a US firm who is teaming up with Wenn Media Group based in London to present the initial coin offering or ICO. This blockchain-based…
Research Suggests Blockchain Can be Applied to Elections, Product Reviews and Fraud Prevention
Does decentralization influence the economy? This controversial topic has elicited discussions with online communities as well as different media outlets. Why? Decentralization has been successful for Bitcoin and its ups and down throughout 2017. Payment processing machines are worried their traditions will be overthrown. These companies have enjoyed monopolies and…
Summary Explanation: What is Bitcoin Mining
Bitcoin miners use specific software to solve math problems. They are issued bitcoins in exchange. Sounds good, but there is no central place or government for bitcoin regulation. With paper money, the government decides when to print and distribute money. Bitcoin miners keep the Bitcoin system protected by supporting dealings.…
Lesser Known Cryptocurrency IOTA Has Been Built to Outperform Bitcoin without Blockchain
A hotly debated cryptocurrency called IOTA asserts that the mathematical “tangle” will make transactions much faster and more efficient to run. Though we all hear about Bitcoin and its meteoric rise — numerous alternative currencies have experienced intriguing rallies alongside their predecessor. One of the most interesting examples is also among…