JPMorgan has uploaded the code for its private, Ethereum-inspired blockchain code to popular code repository Github. Quorum, which JPMorgan calls a “permissioned implementation of Ethereum supporting data privacy,” is essentially a blockchain focused for enterprise use. JPMorgan promises “high speed and high throughput” processing of private transactions. “Quorum addresses specific challenges to blockchain technology adoption within the financial industry, and beyond.”
“It seems to me that simple altruism can suffice to keep the > network running properly.” – Satoshi Nakamoto This section gets a bit technical. Few truly understand how bitcoin functions, but by coming into contact, if even briefly, with the degrees of technology that go into powering a p2p network like bitcoin, one can have their mind expanded. To paraphrase Karl Marx, “the masses must live through the revolution … Read More →
The Securities and Exchange Commission has been keeping a close eye on blockchain technology. Such crowd funded blockchains seemingly operated under a so-called “good deal exception,” in which investors, who are satisfied because they are making money, do not complain to authorities. That didn’t stop the SEC from pondering how securities law might apply.
The second largest blockchain crowdsale of all time is Ethereum. Ethereum is a blockchain system based on smart contract technology which seeks to remove humans from the nature of contracts. It is run by a virtual machine, which is a distribution of computing power run in a Bitcoin-type network. Miners in this distributed network are rewarded in ether, a Bitcoin-inspired digital currency that Ethereum proponents refer to as the “fuel” … Read More →
Loyalty Pays Holdings has purchased all assets related to the once defunct Royal Canadian Mint project, MintChip. MintChip represents a digital currency developed by the Mint meant to be similar to cash. Royal Canadian Mint began developing the technology after the digital currency Bitcoin had gained global attention. The new owner of the technology, nanoPay, has purchased a technology much different than Bitcoin, however; MintChip offers support compliance of regulatory standards, including … Read More →
The producer of Nirvana’s landmark record, In Utero, levied some interesting critiques of blockchain technology in an interview long before the technology had captured the attention of some of the world’s largest corporations in 2015. In a discussion with the podcast Decentralize.FM, Mr Albini seemed suspicious of blockchain technology. The Shellac guitarist did not understand why, if an open source community like Bitcoin and blockchain were trying to change, if … Read More →
1 Coinbase – The San Francisco Based Coinbase is one of the top Bitcoin companies. It’s created a PayPal like Bitcoin exchange that is incredibly easy-to-use. You mom could figure it out. What’s more, in a partnership with Shift Payments, Coinbase created the Shift Card, which interfaces with your Coinbase account. Bitwage – BitWage allows employers and employees to handle payroll in Bitcoin, local currency and even some commodities. BitWage … Read More →