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Category: Blockchain

R3 Sends Cease-and-Desist to Bitcoin Developer Peter Todd

Bitcoin and banks were never supposed to go hand-in-hand. So, in 2015, when the world’s largest financial institutions began investigation the technology behind Bitcoin, blockchain, it took many people by surprise. Now, approximately two years after those efforts began in earnest, it seems there’s somewhat of a clash taking place between Bitcoin and the consortium through which the world’s largest banks investigate blockchain technology, R3.

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JP Morgan Publishes Code for Permissioned Ethereum

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.”

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The SEC Has Monitored Blockchain Technology Since Before Ethereum Attack

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.

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Public, Private & Confederated Blockchains

There are different types of blockchains. The only true use case for a blockchain, at the current time, is Bitcoin. Nonetheless, many of these other blockchain models, still experiments, could power finance, and some experts believe relatively quickly.




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10 Unauthorized Facts About Ethereum, DAO & The Missing $60 Million

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” of the network.  This is similar to how Bitcoin miners are rewarded with Bitcoin.

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