The NEM (New Economy Movement) has managed to secure and undisclosed amount of funding just a few months after their launch.
NEM: ‘Right Now We Have the Best Designed Blockchain Platform in Existence’ The Timechain: Improving Smart Contract Technology Using Time-Locks Matthew Roberts and Elías Snær Einarsson, two developers who have been active in the crypto space, recently proposed and published a new technology known as timechain.
How Trustless Off-Blockchain Transactions Could Solve the Block Size Problem (Op-Ed) Recent innovative ideas and projects, such as micropayment channels and the lightning network, are creating trustless channels between people so they can transact with each other without touching the blockchain.
NEM Technical Reference Introduces Reputation-Enhanced ‘Proof of Importance’ One and a half months after launch, NEM (New Economy Movement), has open-sourced their project and released their technical reference.
US Govt Develops a Matrix-Like World Simulating the Virtual You Picture a parallel virtual world that collects information on our virtual identities in real time, tracks our behavior, and is smart enough to interpret this data to simulate a virtual YOU on its own.
While Core Development Declines, Gregory Maxwell and SF Devs Remain Focused Despite being a decentralized project, which presumably should result in faster and more efficient development, Bitcoin has been experiencing a decline in its development pace in 2015.
Mike Hearn talks Hourglass Project and Avoiding Miner Fees Hourglass is yet another promising project by BitcoinJ developer and former Google engineer Mike Hearn, which has already surpassed the crowdfunding goal for its initial design.
Bitcoin Could Be Stored Securely as a Hardware Wallet on Your Phone Ledger Wallet has introduced one of their ongoing projects, LedgerOS TEE for mobile phones, which offers a high level of security comparable to hardware wallets.
‘The Bitcoin Protocol Does Not Exist’ (Op-Ed) Recently someone going by the name “patio11” on the Hacker News forums summarized a chat among Bitcoin developers.
NEM Launches, Targets Old Economy with Proof-of-Importance After a year in the making, the cryptocurrency NEM (New Economy Movement) has officially been launched. Cointelegraph had the chance to site down and discuss the ambitious project with one of the lead developers, Makoto, to find out more.
How Bitcoin Could Mitigate the 48% Surge in Online Banking Fraud Online banking fraud rocketed 48 % to £60.4 million in 2014 compared with 2013, according to a report released by Financial Fraud Action UK (FFA UK).
Alibaba’s ‘Selfie’ Payments Vulnerable, May Work With Decentralized Security E-commerce giant Alibaba Group and its affiliated online payment service AliPay, presented their prototype of using facial recognition instead of passwords for authentication.
South Korea: Bitcoin Growth Fueled by Startups and Community South Korea’s development during the last half century has been nothing short of spectacular.
150BTC Coinapult Hack Renews Doubts About Security Fundamentals 150 BTC, worth around 41,300 USD, was stolen from Coinapult’s hot wallet March 17. Coinapult announced the compromise via its Twitter account, and warned customers not to send Bitcoin to existing Coinapult addresses.
Is China the Primary Driving Force in Bitcoin? China, with its high-pace economy, certainly plays a significant role in the Bitcoin space, but with the recently released Goldman Sachs report, it is becoming even clearer just how much impact the country has on the nascent cryptocurrency industry.
Proof-of-Importance: How NEM is Going to Add Reputations to the Blockchain While we all live in societies where money is mostly considered as a mean to bring wealth and prosperity, there are other factors and aspects in life that all people appreciate. One of these elements is reputation.
Dumb vs. Smart: Which Network is Better for Bitcoin Nowadays, we deal with computer networks all the time. We chat and talk on networks. We get in-formation on networks and we spend our free time on networks. Perhaps we even get our food from networks. Not only do we use these networks, but we have come to fully rely on them. It’s getting tough to live these days without an internet connection and a mobile phone and at the same time these networks are becoming an integral part of our lives.
FREAK Attacks Can Hurt Android and Apple Users, Blockchain Networks May Be a Remedy A group of researchers in miTLS team have found a new vulnerability in the SSL/TLS protocol. This vulnerability is called FREAK, and it concerns Apple and Android users. The remedy has not been found yet, but decentralized networks on the blockchain model could prevent similar cyber security attacks in the future.
Blizzard Creates Own Digital Currency for World of Warcraft, Still Doesn’t Accept Bitcoin Blizzard, one of the biggest game producers, announced the release of an in-game digital currency tradable as tokens in their upcoming patch of World of Warcraft.
Lack of Randomness: Why Hackers Love It Random numbers, perhaps have different analogues among the humans and machines. Tossing a coin is assumed to be truly random for humans with the uniform distribution and probability of 0.5 to get heads or tails. However it’s a different story for machines.
Blockchain Technology Could Have Prevented Louisiana’s Deadly Bacteria Leak The recent security breach at the secret Louisiana bio-weapons lab where the deadly bacteria contaminated its surroundings remains unsolved. But recent innovations in Bitcoin technology such as Multi-sig security can potentially prevent such type of failures.