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Firstly, let me recap on exactly what a zero-confirmation transaction is, as summarised by CCN: “Bitcoin transactions are committed to the blockchain about every 10 minutes. Zero-confirmation transactions do not reside in a block yet. Instead, they reside in the memory pool of miners. Until a block is mined that includes the transaction, it is said to have ‘zero-confirmations. Once included in a block and written to the blockchain the transaction has one confirmation”. Often, many merchants and exchanges won’t accept transactions until they have a confirmation, sometimes they require as many as six, this means they can be left in limbo, unable to develop until a (or several) confirmation(s) have been made and the transaction has been written to the blockchain. The main reason for this is t...
As a father of three, I first started investing in Bitcoin in 2017, after a recommendation from a friend. I decided to invest £3K for my children as a nest egg for the future. This investment is now worth in excess of 5 figures. Here, I explain the reasons for investing and the process I went through when investing for the first time in cryptocurrency. When did you first decide to invest in Bitcoin for your children? In February 2017 a very good friend of mine essentially sat me down and ‘held my hand’ to purchase 1 bitcoin each for my three children and helped me store them offline on a cold storage device. How much did you invest? I originally invested just £3k, but since then my investment has increased into 5 figures. What platforms/process did you use for your initial inve...
Blockchain, a brainchild of the of the mysterious pseudonym Satoshi Nakamoto, is an indisputably ingenious innovation. The technology allows digital information to be distributed to users without being copied, thus creating the spine of a new kind of internet. The Blockchain technology was originally invented for the sole purpose of governance of the digital currency, Bitcoin, however, tech pioneers have devised and continually devise other potential uses for arguably the most disruptive technology. Bitcoin (BTC), tagged – quite appropriately the “digital gold”, currently has a total currency value of close to $9 billion (USD) with Blockchain technology being central to its development as well as other emerging altcoins. Similar to the internet, understanding how the Bloc...
Huawei is the world’s third-largest smartphone maker, and have recently launched their Mate 10 Pro, as well as preparing to debut their upcoming P20 lineup. Despite a busy few months for the company, reports suggest that they are considering making a new mobile phone that is focused on running blockchain-based apps. They plan to license Sirin Lab’s operating system, to run the blockchain apps alongside Android; however, it is important to note that nothing has been agreed by the two companies, and at this moment in time, they are only talking. If the deal is made between the two though, Huawei will be the first major smartphone maker to embrace blockchain technology. There is much more to blockchain that just recording cryptocurrency transactions, and has already shown how much it can help...
Despite just putting a ban in place with any adverts that are linked to anything cryptocurrency related, Google have decided to take a major step and reports suggest that they are planning to create their own blockchain which will offer cloud and transactional services. A source said; “The Alphabet Inc. unit is developing its own distributed digital ledger that third parties can use to post and verify transactions.” The Google Cloud platform offers products in computing, storage and networking. Google are focused on security, and plan on using Identity-Aware Proxy and multiple factor authentication. They will also use decentralised technology to further strengthen their infrastructure. They have invested in many blockchain startups, which include Sorj Labs, Blockchain, Ripple, LedgerX, But...
Google just might be looking into making use of the revolutionary blockchain technology. This week saw Google making an announcement about two different projects, which it is planning to launch to leverage the power of blockchain technology. One of them is a clouds operations platform and the other one is a tamper-proof auditing system. Immutable Google For the auditing system, Google originally filed for a patent back in the September of 2017. According to the filing which was released by the US Patent and Trademark Office, Google plans to make a tamper-evident log that will have the ability to store signatures and verify that the information which has been stored has not been changed in any form or manner. If it has been changed, the system will be able to tell exactly what the nature of...
The venture capital firm Blockchain Capital, has raised a fund equaling $150,000,000 US Dollars for the latest venture that it’s going on. The firm, founded in 2013, has been entirely focused on blockchain technology and the cryptocurrency world and since it started off, it has invested in over 70 different companies, tokens and protocols. The companies that Blockchain Capital has invested into include the likes of Ripple, Ethereum, Circle, Kraken and even Coinbase. This goes to show the commitment that the venture capital firm has in trying to work with companies that leverage blockchain technology to make more protocols, develop assets, markets and new businesses. With the closing of the Blockchain Capital IV,LP on Thursday, Blockchain Capital has officially managed to raise the largest ...
OmiseGo, which has been one of the lesser discussed cryptocurrencies could be in for an interesting ride over the next few months. Even though the cryptocurrency has been a relatively tepid performer since its debut, some in the market believe that could all be about to change. In this article, we’ll take a closer look at its recent performance and consider whether the time has come to say OMG about the performance of OMG. Recent performance Taking a quick glance at the year to date or longer-term performance of OmiseGo would initially suggest that there isn’t much worth getting excited about here. The cryptocurrency has generally followed the pattern of cryptocurrencies as a whole, although its form since the start of the year has been better, and substantially less dramatic, than other b...
Contracts, transactions, and the records of them are among the defining structures in our economic, legal, and political systems. They protect assets and set organizational boundaries. And yet these critical tools and the bureaucracies formed to manage them have not kept up with the economy’s digital transformation. Blockchain promises to solve this problem. With Blockchain, we can imagine a world in which contracts are embedded in digital code and stored in transparent, shared databases, where they are protected from deletion, tampering, and revision. This BlockJakarta conference will explore the opportunities and challenges in blockchain & also project Indonesia as ASEAN biggest blockchain market. Benefits of attending the conference Learn about the nuances of Blockchain technology U...
This week, Google announced that they would no longer be allowing cryptocurrency based advertisements to be published through Ad Words, Google’s well-renowned advertising platform. Many traders and crypto experts did see this coming, let’s face it, with Facebook already working on such a project and Twitter not so far behind, Google do need to be seen to be keeping up with the trend so to speak. Censorship of cryptocurrency advertising is being masked as a ploy to protect innocent people from scams. As we all know, all walks of life expose us to risks in which we could fall victim of a scam, but for some reason, the big internet corporations are focusing their efforts on protecting users from cryptocurrency scams, not other, more prominent scams such as identity theft for example. In...