Tag: ethereum

JPMorgan Has Big Plans for Blockchain

JPMorgan Chase & Co.’s (JPM) distributed ledger venture, Quorum, recently made news when its head, Amber Baldet, moved on to start her own company. But her departure has hardly put the brakes on its ambitious plans for the future. (See also: JP Morgan Looking to Ethereum Blockchain.) A post in Coindesk states that Quorum has “amassed a tribal following” among developers. In ...

NASA Begins Research On Ethereum Blockchain Technology

The National Aeronautics and Space Administration (NASA) and Researcher at the University of Akron (UA) are researching on using Ethereum Blockchain Technology to enhance space communications and navigation. A statement by the university revealed that  Dr. Jin Wei Kocsis, assistant professor of electrical and computer engineering, received a three-year, $330,000 Early Career Faculty grant from NASA to ...

What Is Sharding In Blockchain | Sharding Explained In Detail

Why is Sharding needed? Just before we dive into the nuances of Sharding & try to take the bull by the horns i.e. understand what is Sharding in blockchain, let’s first try to understand the need for it. The Blockchain evangelists & enthusiasts believe that Blockchain technology has the potential to shape a world with no disparity, ...

Google Is Working on Its Own Blockchain-Related Technology

Google is working on blockchain-related technology to support its cloud business and head off competition from emerging startups that use the heavily-hyped technology to operate online in new ways, according to people familiar with the situation. Companies use blockchain and other so-called digital ledgers to securely record transactions and process other data over the internet ...

US Congress Releases Extraordinary Report Praising Cryptocurrency and Blockchain Technology

The US Congress just released its massive joint report on the state of the economy, and for the first time an entire chapter is dedicated to cryptocurrency. What’s even more extraordinary are the number of bullish sentiments on the future of the emerging technology. Here’s a look at some of the most interesting aspects of ...

How to Tell if You Should Use Blockchain in Your Application

Behind only AI, Blockchain is the second-most-hyped developer technology. There are a few good reasons to use it in a project, but plenty of bad ones too. Whether blockchain technology is right for your application is ultimately up to you, but we’ll take you through some of the basics on whether it is worth serious ...

China IT Ministry to Create Official Blockchain Standards

A Chinese government body is considering creating national standards to boost the development of blockchain and distributed ledger technology (DLT) in the country. According to an announcement released yesterday, the Ministry of Industry and Information Technology has already, as a first step, hosted a research seminar recently to discuss how such standards frameworks might be built. The ...

Proof of Work vs Proof of Stake – EXPLAINED!

First of all, what is mining? Mining – is a process of validating a transaction or block in a network by the process of complex algorithms to prove and validate the correctness of the transaction and thereby add the new block to the chain. In order to mine coins, you need to have high power ...

Cryptocurrency, ICO and Blockchain Officially Added to the Dictionary

Besides helping language learners, students and everyone else find the exact definitions of words, dictionaries also sometimes serve as time capsules that reveal what new ideas become important part of human society at what times. With roots in the anarchist and cyberpunk sub-cultures, many bitcoin advocates may feel the scene doesn’t need anyone’s seal of ...

How The Blockchain Can Solve Social Media’s Biggest Problems

As we look back on 2017, one of the most significant developments this year was the emergence of the blockchain into the greater collective consciousness. Many have watched closely (and profited greatly) as the value of Bitcoin has skyrocketed (and more recently, fallen), and in perhaps the best indicator of public traction, cryptocurrency (and by ...