Several big banks running the very system of money exchange that bitcoin was created to replace are now planning on co-opting bitcoin technology. This blog previously discussed that banks were interested in using blockchain technology to make money transfers faster and more secure. Now, UBS, Deutche Bank, Santander, and BNY…
If you have an interest in bitcoin, you’ve undoubtedly heard people refer to “The Blockchain.” Because the term “blockchain” can refer to any distributed ledger where “blocks” are added to the ledge by solving complex mathematical problems, it should more properly be referred to as “the Bitcoin Blockchain.” Each block…
While many people in the U.S. are still skeptical that bitcoin will become a mainstream currency, both private and public sectors are gaining interest in the idea that the underlying blockchain technology can be used to solve a wide variety of security and transactional problems. In the private arena, industries are…
Decentralized cloud storage programs, smart contracts, and the shared economy– will they combine to be a mainstream method of storage method of the future? A number of companies are working to make it a reality. One, Sia (sia.tech), a decentralized cloud storage program, released a public version 1.0 of its graphical…
There will only ever be 21 million bitcoins, and the rate at which those 21 million bitcoins are generated will decrease periodically by half until all bitcoins are in circulation. More specifically, a user is rewarded with a given number of bitcoins when it discovers (i.e., “mines”) a new block…
Bitcoin was born on November 2008 when an anonymous user named “Satoshi Nakamoto” published a post on a cryptography blog linking to a paper the user had written about a decentralized peer-to-peer electronic cash system. After helping establish the fledging currency, the same user disappeared from the bitcoin world with…
Consensus 2016, the second annual blockchain technology summit, was held in New York last week. Presented by CoinDesk and Digital Currency Group in collaboration with Coin Center, the conference was a meet-up for bitcoin purists, blockchain advocates, venture capitalists, bankers, academics, companies, and consumers who see the potential for big…