Crypto-Backed Virtual World Decentraland Goes Live
- Michael LaVere
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- 22 Feb 2020
Cryptocurrency-backed virtual world Decentraland has made its official launch, generating more than $1 million in traded assets over the last ten days.
Blockchain
Blockchain technology can be described a digital ledger that consists of a growing list of records – blocks – linked using cryptography. Each block contains information such as a timestamp, transaction data, and more, that can be permanently verified. While data on these blocks isn’t unalterable, blockchains are resistant to modification, especially if decentralized.
Blockchain technology was invented by the person or group behind the Satoshi Nakamoto pseudonym, which was behind the creation of the first cryptocurrency: Bitcoin. It allows the cryptocurrency to be decentralized and solves the double-spending problem without the need for a trusted authority. As a result, Bitcoin transactions are peer-to-peer.
This type of technology has over the years been deployed for a number of uses, including tracking the supply chain of supermarkets. Various cryptocurrency naysayers argue blockchain tech has potential.
On this page you'll find news related to this technology.
Sweden's Central Bank Starts Testing Its Central Bank Digital Currency ‘E-Krona’
- Francisco Memoria
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- 21 Feb 2020
Sweden’s central bank, the Riksbank, is reportedly starting to test its own central bank digital currency, the e-krona, in a bid to determine its potential use.
Bank-Backed Cryptocurrencies Are a Decade Away, Says Central Banker
- Will Heasman
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- 7 Feb 2020
Former vice president of the European central bank (ECB), Christian Noyer, has affirmed that central bank digital currencies (CBDCs) are unlikely to be rolled out for another decade.
Will 2020 Be the Year of Enterprise Blockchain?
- Guest Contributor
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- 2 Feb 2020
Amid the extreme hype of the ICO boom, many corners of the blockchain sector seemed convinced that enterprises would rush to embrace the technology. Blockchain was touted as the solution ...
Cambodia's Central Bank Launching Blockchain-Powered Payment Network
- Francisco Memoria
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- 31 Jan 2020
Cambodia’s central bank, the National Bank of Cambodia (NBC), is launching a blockchain-based, peer-to-peer payment network, according to its chairwoman Chea Serey.
Blockchain Programmer Runs Full Bitcoin Node on a Tesla
- Michael LaVere
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- 25 Jan 2020
A blockchain programmer was able to get a Tesla's onboard operating system to run a full bitcoin node.
Blockchain Is Well-Positioned to Help the Unbanked, OKEx Executive Says
- Francisco Memoria
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- 22 Jan 2020
Lennix Lai, OKEx’s Financial Markets Director, has recently made two presentations in Davos, where the 50th World Economic Forum (WEF) Annual Meeting is taking place, to spread the word ...
CoinShares' Executive Chairman on What Makes Gold-Backed Token DGLD Special
- Siamak Masnavi
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- 22 Jan 2020
DGLD is a gold tokenization project that was launched a couple of months ago by a European consortium. In this article, we provide an overview of this project, and with ...
Blockchain Tops LinkedIn’s List of ‘Most In-Demand Hard Skills’ for 2020
- Siamak Masnavi
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- 13 Jan 2020
In a post for LinkedIn's Talent Blog, Bruce Anderson says that blockchain tops "LinkedIn’s global list of the most in-demand hard skills."
Bithumb Mulls Investing $8.6 Million Into 'Regulation-Free' Blockchain Zone
- Francisco Memoria
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- 9 Jan 2020
Leading South Korean cryptocurrency exchange Bithumb is reportedly considering investing 10 billion won, around $8.6 million, in Busan city’s “regulation-free” blockchain zone.
