Articles about blockchain

Pennies in a jar. Photo via Shutterstock

Loose-change payment network Microraiden launches on Ethereum

A new micropayments technology called Microraiden has launched on the Ethereum blockchain's main network. Microraiden is one of the strategies to help solve a teensy-weensy problem with Ethereum – quickly processing a large number of transactions. Every time a transaction is made on the Ethereum network, every node of the …
Andrew Silver, 1 Dec 2017
Bitcoin punch cards

Elon Musk says he's not Satoshi Nakamoto and is pretty rubbish at Bitcoin

In fact he's kinda rubbish at cryptocurrency altogether Tesla, SpaceX, OpenAI and Boring Company boss Elon Musk has denied inventing the blockchain and bitcoin, or being Satoshi Nakamoto. Musk felt the need to do so after a Medium post by a former SpaceX staffer theorised that Musk's fondness for C++, known skill with …
Simon Sharwood, 29 Nov 2017
FLAMING BASEBALL WITH JUSTICE SCALES LOGO

$232m blockchain startup Tezos faces sueballs for alleged investor fraud

Tezos, the blockchain startup that raised $232m in July, has been served with at least two US class-action lawsuits for allegedly defrauding fundraisers as well as breaking rules for offering securities. According to court documents filed in the Middle District of Florida on Monday, plaintiff Alejandro Gaviria is seeking for …
Andrew Silver, 16 Nov 2017

Biz quadruples value overnight by adding 'Blockchain' to name

How do you increase the value of your business by 300 per cent overnight? Simple, add a buzzword to your name. As spotted by the Financial Times, AIM-listed company On-line did exactly that and quadrupled its share value by including blockchain in its name. The spike in value immediately followed this stock market statement …
Kat Hall, 27 Oct 2017

Mastercard blockchain: MEEELLIONS. Opening up the API: Priceless

Mastercard is opening up its blockchain API to select partner banks and merchants. For those approved for sign-up, Mastercard boasts that its tech will improve "cross-border, B2B payment flows". There are tons of blockchains out there, and Mastercard isn't the first enterprise actor to work on a B2B distributed payment system …
Andrew Silver, 20 Oct 2017
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Dev writes Ethereum code for insecure SHA-1 crypto hash function

Using Ethereum's programming language Solidity, a dev has controversially written code for making data authentication signatures with the insecure SHA-1 cryptographic hash function. Nick Johnson, the London-based Ethereum developer who authored the code, told The Register: "SHA1 is still used by a lot of legacy systems, …
Andrew Silver, 20 Oct 2017
Losing money

Tezos crypto and $232m initial coin offering risks implosion – reports

If you threw money at the blockchain startup Tezos during its $232m initial coin offering fundraising round in July, here's something you can learn for future investments. ICOs are a popular fundraising method for cryptocurrency where you buy tokens to access new networks, and you can make bank* if their value skyrockets. But …
Andrew Silver, 19 Oct 2017
Secret documents picture

Microsoft Azure ████ secret ██ █████ ██ US govt's ███ ███ centers

Microsoft's Azure cloud has been approved to host classified-level applications for the US government. Redmond said on Wednesday the Azure Government wing of its cloud compute service has been cleared to host secret-level data and code for Uncle Sam's agencies and contractors. The service, creatively dubbed Azure Government …
Shaun Nichols, 18 Oct 2017

Ethereum blockchain is sailing to Byzantium – hard fork up and running

The latest upgrade to the popular Ethereum blockchain protocol – Byzantium –went live today, adding additional privacy and performance features. Blockchains claim to offer users additional anonymity compared to standard systems because they're decentralised. Bitcoin is focused on cryptocurrencies, while the Ethereum network is …
Andrew Silver, 16 Oct 2017

Ethereum-backed hackathon excavates more security holes

An Ethereum-backed contest has revealed a few new tricks for disguising malware as the harmless code the network uses to transfer and manipulate funds: digital smart contracts. Since Ethereum was introduced in 2015, its security risks have been no secret in the blockchain community. After a $50m hack in 2016, the community …
Andrew Silver, 22 Sep 2017

Ethereum just checked that part of a Zcash transaction was legit

The testnet for Ethereum's next big update has successfully verified an important part of a transaction with the virtual cryptocurrency Zcash, bringing the dream of making the blockchain network more privacy-focused just a tiny bit closer to reality. In blockchain protocols such as Bitcoin, all the nodes have to validate all …
Andrew Silver, 20 Sep 2017

Ethereum will have transaction chops of Visa in 'a couple of years', founder claims

Blockchains might be a bit slow today, but one of Ethereum's founders predicts that in "a couple of years" the popular network will have the same transaction capacity scale as Visa. Speaking at TechCrunch's Disrupt San Francisco on Monday, Vitalik Buterin said Bitcoin can process less than three transactions per second, …
Andrew Silver, 19 Sep 2017

The architecture for sharing tokens across blockchains promises traction

In April, the Cosmos project raised about $17m in half an hour on the promise to someday let users freely share tokens among Bitcoin, Ethereum and other popular blockchain protocols. On Friday at the Global Blockchain Summit in Shanghai, China, the Switzerland-based nonprofit behind it committed that Ethereum support is high …
Andrew Silver, 15 Sep 2017
Starfox

The bloke behind Star Fox is building a blockchain based casino. No, really

One of the brains behind classic Nintendo game Star Fox is launching a blockchain-based online gambling service that could leave regulators stumped – and says he has raised $200,000 from the public to launch it. Argonaut Software founder Jez San’s Funfair project aims to put online gambling onto blockchain, the technology …
Jack Howlett, 29 Jun 2017
Illustration of a "bitcoin" dissolving into numbers. Photo by SHutterstock

ITU thinks Blockchain and pals need interoperability

The International Telecommunications Union (ITU) has decided the time is ripe to start talking about what standards might be developed for distributed ledgers, aka Blockchain and fellow-travellers. The august body will therefore convene the The ITU-T Focus Group on Application of Distributed Ledger Technology (FG DLT) for the …
Simon Sharwood, 22 Jun 2017
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Bank of Canada finds flaws with current blockchain solutions

Underpinning wholesale payment systems with distributed ledger technology (DLT) would introduce greater costs and risks for institutions than those which apply under existing wholesale payment systems, the Bank of Canada has said. However, a study carried out by the Bank of Canada, into the feasibility of using DLT to create …
OUT-LAW.COM, 1 Jun 2017
Bouncer photo via Shutterstock

Acronis adds automated ransomware protection to latest Backup version

In a well-timed release Acronis has announced its Backup 12.5 product with automated ransomware protection and data integrity checking via blockchain. Acronis Backup 12.5 comes in two editions – Standard and Advanced – with an easy in-place upgrade by changing licence keys. We might think of the Standard edition for smaller …
Chris Mellor, 31 May 2017
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EU plans for blockchain 'observatory' raise concerns, says expert

The European Commission plans to set up an observatory and forum on blockchain and distributer ledger technology (DLT) to help it understand what role public authorities should play in developing and helping uptake of the technologies. The plans raise concerns over the role that the Commission expects to play, said technology …
OUT-LAW.COM, 20 Apr 2017

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