Tag: decentralization

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Bitcoin’s ‘Demise’? Google, Bailed-Out Citi Unveil Checking Accounts

Another FAANG company has its sights on financial services — this time it’s Google, as Forbes has reported, polemically claiming this could “kill Bitcoin.” Another FAANG company has its sights on financial services — this time it’s Google, as Forbes reported on Nov. 16, polemically claiming this could “kill Bitcoin.” In an interview with the…
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Spotlight on Bitcoin as HSBC Shuts Hong Kong Protest-Linked Account

The need for censorship-resistant currencies like Bitcoin has been thrown, yet again, into stark relief as HSBC shutters an account reportedly used to fund Hong Kong protestors. The need for censorship-resistant currencies like Bitcoin (BTC) has been thrown, yet again, into stark relief as HSBC shutters an account reportedly used to fund Hong Kong protestors. …
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Artificial Intelligence Will Enable the Future, Blockchain Will Secure It

Experts at BlockShow Asia 2019 discussed AI’s dependence on blockchain to secure our decentralized digital future. Speaking at BlockShow Asia 2019, Todalarity CEO Toufi Saliba posed a hypothetical question to the audience: “How many people would take a pill that made you smarter, knowing they can be controlled by a social entity?” No one raised…
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Zcash Creator Donates Company Trademark to the Zcash Foundation

After launching Zcash in 2016, Electric Coin Company gave the Zcash trademark to the Zcash Foundation. Electric Coin Company (ECC) has donated the Zcash trademark to the Zcash Foundation. ECC created and launched the privacy-focused cryptocurrency Zcash (ZEC) in 2016, and will now own the trademark bilaterally with the corresponding foundation. ECC and the Zcash…
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Julius Baer Top Exec: Crypto Still in ‘Darwinian’ Process of Selection

A top executive at private Swiss private banking Julius Baer says cryptocurrencies are still at the stage of a “Darwinian” process of selection. A top executive at private Swiss private banking Julius Baer says cryptocurrencies are still at the stage of a “Darwinian” process of selection. In an interview with Arabian Business on Oct. 29,…
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Vertical and Horizontal Blockchain Scaling, Explained

Let’s take a closer look at the core concepts underlying vertical and horizontal scaling. What are some of the key points to remember about scalability? It is all about centralization vs. decentralization. For blockchain platforms, the scalability of a given chain often boils down to the level of decentralization possessed by the network. Highly decentralized…
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Bermuda Premier: Cryptocurrency a Great Equalizer Against Big Tech

The Premier of Bermuda, Edward David Burt, has said that cryptocurrencies are a great equalizer and characterized fintech innovation as a national strategic imperative. The Premier of Bermuda, Edward David Burt, has said that cryptocurrencies are a great equalizer and characterized fintech innovation as a national strategic imperative. In an interview for Forbes published on…
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Blockchain Voting Systems — Can Democracy Rely on Them?

Are blockchain-based voting systems really trustworthy or do we need to reevaluate the potency of this technology? At the beginning of October, a story released by CNN claimed that a student affiliated with the University of Michigan attempted to hack into West Virginia’s blockchain-based voting system called Voatz. As per the report, the FBI is…
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Can Crypto Exchanges Ever Be Truly Decentralized?

Can a DEX be fully exempt from regulations in the current landscape, and what does it take to be free in the world of crypto? Earlier this week, British-American entrepreneur John McAfee, who is currently living “in exile” due to tax-related charges filed against him by the United States authorities, launched his own decentralized exchange…
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Ethereum Is No Longer a Monopoly Platform for Stablecoins

Ethereum-based stablecoins are declining as teams increasingly use other blockchains to facilitate price-stable currencies. Just a few years ago, it was hard to imagine that a stablecoin would come to represent a significant portion of the cryptocurrency industry. Market players tended to base their money-making strategies on a cryptocurrency’s volatility rather than its stability. There…
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