Now, in 2018, all indicators are showing us that the automotive industry will soon be more than just an industry about vehicles. Self-driving cars are not just a part of the imagination, many companies are working on it, and soon such cars will become available to general public. Cars will communicate with each other and exchange information about the weather and traffic status. The truth is that automotive industry is changing, and blockchain will make a significant impact on that change. Believe me, the blockchain will be the next big thing, and it will not skip the automotive industry.
We followed and participated in the live stream of a recent meetup in Amsterdam that featured Waves Platform and fresh updates coming from their dev shop about the upcoming smart contracts. The meetup was held at a Primalbase shared office space which is also one of the biggest and successful ICO projects funded through Waves platform.
We found a new interview with Vitalik so we just made an article about what this genius was talking about. If you don’t want to read, scroll below and watch the video.
Plasma is coming to the Ethereum ecosystem and in this article we will try to give you an overview of Joseph Poon presentation about Plasma hold on Ethereal Summit 2017. In this article we will not go into details about Plasma, instead we will focus on the context of plasma and the relationship between public and private chains.
0x is an open protocol for decentralized exchanges, and in this article we will just give you a little bit of background and timeline on 0x protocol. We will describe the problem that 0x is trying to solve, and let you know about existing work that is done on it already. This article is an overview of Will Warren’s presentation about 0x protocol, which he held in Mexico at the Ethereum Foundation Developers Conference in November, 2017.
We have already written about decentralized exchanges and how they are slowly but steadily making their way on the crypto markets. It is a big deal after all. Centralised exchanges have their vulnerabilities as any other software, but the deal here is that they operate with large sums of actual money being exchanged by numerous traders. They are, in itself, a SPOF or a Single Point of Failure in the blockchain network. Therefore, concepts like atomic swaps come to the rescue.
Last year, on November 1-4, 2017 Ethereum Foundation Development Conference was held in Mexico. Many individuals from crypto industry attended that event, and one of them was Zack Coburn, the founder of EtherDelta decentralized exchange and co-founder of FirstBlood.
FirstBlood is a decentralized platform that lets eSports players challenge each other and win rewards using the blockchain for settlements. But, this time he was not talking about FirstBlood, in the presentation he was talking about EtherDelta. He covers EtherDelta’s deployment of the first working off-chain order book with an on-chain settlement. Including scaling, security, user experience, onboarding, etc.
In this article, we will try to make an overview of his presentation and let you know what he was talking about there.
In the blockchain industry we hear a lot about consensus algorithms, we debate about them and try to learn as much as possible. As you know, to reach consensus on the network Bitcoin is using proof of work (PoW). Ethereum is using it as well, but soon will replace it with proof of stake (PoS). Why would they do that? Well, there are a couple of reasons, PoS is more efficient than PoW could ever be. But, both of them have their pros and cons.
In this article, we will make an overview of proof of work consensus algorithm, its good and bad sides.
A lot of talks has been brought up about cryptocurrencies. It is mainly the price that has been the highlight. The crypto markets are a highly speculative market with a lot of price being pumped and dumped based on future predictions of the price. Add regular mortals to the story which can now be in possession cryptocurrency with a swipe of a credit card and you are set for a perfect storm in capital markets which hasn’t been seen up until now.
But there is more to the story than just the price, and this is what I hope people will realize once they enter in the crypto domain through this one vertical which is currently the $ counter value. The underlying machinery powering this new revolution in the digital domain is something that I believe will truly change how we perceive trust, ownership, and value. Some of the hardcore veterans of Internet and computing like Marc Andreessen have even gone so far to say that it is as big of an invention as the Internet. The Blockchain.
As we all know, centralized exchanges are very risky. The history showed us, more than once, the potential risk which stems from many hacks happening over the last few years. Do you remember Mt. Gox hack? Or Bitfinex? Or maybe Bitstamp? Yea, many hacks happened, and many will continue to happen.
The whole idea behind blockchain is to avoid centralization and to introduce decentralization via technology. And then, we trade those decentralized assets in a centralized place? That doesn’t make any sense and isn’t logical. It is so wrong to save decentralized assets on a centralized place during such a crucial process as trading.