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A Blockchain Ecosystem is a digitized, public journal of all cryptocurrency connections. Continuously increasing as ‘completed’ blocks (the most existing offers) are recorded and contributed to it in chronological order, it allows market participants to keep an eye on digital currency deals without central recordkeeping. Each node (a computer system connected to the network) gets a copy of the blockchain, which is downloaded quickly.
Blockchain Ecosystems

Initially established as the accounting approach for the virtual currency Bitcoin, blockchains – which use exactly what’s called dispersed journal development (DLT) – are appearing in a range of industrial applications today. Currently, the technology is mainly used to verify transactions, within digital currencies though it is possible to digitize, code and insert practically any file into the blockchain. Doing so produces a long-lasting record that cannot be changed; moreover, the record’s credibility can be validated by the entire community using the blockchain instead of a single central authority.

How Blockchain Works?

To start, here’s the most basic explanation without any metaphors or embellishment. In the language of cryptocurrency, a block is a record of new deals (that could imply the location of cryptocurrency or medical information, or perhaps voting records). When each block is finished it’s contributed to the chain, producing a chain of blocks: a blockchain.

Because cryptocurrencies are secured, processing any deals suggests fixing complicated mathematics issues (and these concerns end up being harder with time as the blockchain grows). Individuals who resolve these equations are rewarded with cryptocurrency in a treatment called “mining.”.

Public South Korean Development

The brand-new collaboration will take advantage of blockchain tech to produce a medical big information environment that would allow for both the safe and secure and private storage and the transfer of large amounts of delicate genomic and personal information.

As the press release notes, advances in genomics are improving the international medical landscape, permitting individually customized diagnoses, treatment and prevention. Medical huge information, which incorporates people’ genomic, health and lifestyle details, is both extremely delicate and of remarkable worth for the pharmaceutical and healthcare markets.

Public South Korean biotech service Macrogen, the country’s principal biotech sequencing provider, is developing a genomic huge information blockchain-based platform together with regional tech firm Bigster.

Macrogen CEO’s Remark

Macrogen and Bigster objective to develop the platform and have chosen to develop a permission blockchain that would restrict access to specific organizations such as pharmaceutical companies, biotech firms, healthcare facilities, and research institutes.

Speaking to a local news outlet The Korea Herald, Macrogen CEO Yang Kap-Seok commented,

” In spite of its large utility, gene information has been challenging to move due to personal privacy defense problems and technological barriers. We hope that our upcoming blockchain-based platform will enable healthcare genet [ic] and medical big information to flow easily.”.

A precedent for using blockchain for the safe exchange of genomic information has in fact been set by American Nebula Genomics’ cooperation with Longenesis– the latter being a Hong-Kong-based partnership in between Insilico Medicine and the Bitfury Group.

United States healthcare huge UnitedHealth Group announced it would be carrying out blockchain to keep its records approximately date in a more effective, protected and available method.

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Bitcoin vs Ethereum – Which One Is the King?

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Bitcoin vs Ethereum

Since its release in 2009, Bitcoin has completely revolutionized the cryptocurrency world. Incalculable imitators have made several attempts to dethrone BTC from the top spot, but Bitcoin still remains the undisputed king of digital currency.

However, this does not mean that Bitcoin is cruising through the digital world with ease. There are some huge names trailing hard Bitcoin by introducing super cool features in an attempt to overtake BTC. One of those names is Ethereum – the fiercest rival of Bitcoin – although there is still a long way to go to catch up.

The most important question is: “can Ethereum really live up to the hype surrounding it and usurp Bitcoin’s supremacy?”

In this article, we have compared the different features of both the currencies and tried to explain whether or not Ethereum can overtake Bitcoin.

Comparing Bitcoin and Ethereum – Popular Support:

Bitcoin:

Bitcoin is often revered as a counter to government and central bank. The users tend to be more conscious; both economically and politically and are more motivated ideologically.

Ethereum:

Ethereum users tend to be less ideologically motivated. They normally seem to be content giving away authority to a singular entity that is Vitalik Buterin – the inventor of Ethereum. The Etheruem community’s focus is to take on the business and technology in the future.

Scripting Language:

Bitcoin:

The scripting language in Bitcoin is limited, which means it doesn’t only confer the ownership coins but also comes with a certain set of instructions. Moreover, the scripting language enables a user to lock up the coins for a certain period of time.

(Read our guide about Bitcoin hardware setup here)

Ethereum:

Ethereum, on the other hand, focuses on expanding its set of instructions into a fully featured programming language such as JavaScript. This ultimately makes it less limited to the transactional processing.

Blockchain:

Bitcoin:

Bitcoin blockchain currently comprises of 1MB Blocks and can process around 3 transactions per second. Each block may take up to 10 minutes to mine. The mining is done through ASIC hardware in Bitcoin blockchain.

Ethereum:

Unlike Bitcoin, the blocks in Ethereum blockchain are of variable size. Moreover, it’s much faster than its Bitcoin counterpart. Where a Bitcoin blockchain performs only 3 transactions per second, the ETH blockchain can perform up to 25 transactions per second.

Supply:

Bitcoin:

Bitcoin’s maximum limit is set at 21 million. The currency is designed to never go beyond the said number. Moreover, its issuance is halved every 4 years, which means the currency won’t reach its maximum limit until the year 2140. Currently, there are 11 million bitcoins in circulation.

Ethereum:

Ethereum’s annual issuance rate is much higher than Bitcoin – 18 million to be precise. This represents an inflation rate of -20% at the current supply. Due to the fact that Ethereum is not consumed by a software program and rather sent to the miner of the associated transaction, its value is likely to go further down in the longer run.

Conclusion:

Looking at the bigger picture, Bitcoin is a safe bet and will easily continue to dominate the cryptocurrency world. On the other hand, there is a large amount of uncertainty surrounding Ethereum, which consequently leads many users to lose interest in ETH.

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The Truth Behind Whether TOR Browser is Completely Anonymous or Not

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 People have entirely assumed that Tor is a fully secure and anonymous alternative to surf the world wide web. But, has anyone ever tried to find out if all this is actually true or how anonymous it really is?

Much to our surprise, TOR is not entirely concealed because it also has a collection of risks and limitations one should pay attention to before using it. In this post, we’ve outlined the most common ways to monitor Tor’s internet traffic and track their origin.


Applications such as JavaScript, Plug-ins, and others are bound to leak your IP address:

If the main reason of your TOR usage is anonymity then you should steer away from JavaScript as it can allow external malicious websites to phish your IP address, while you’re watching a video or even using add-ons like Adobe reader and Adobe Flash.

Although JavaScript is disabled by default in the security settings of Tor’s browser bundle. You are advised to avoid turning on these options if your main priority is to anonymously browse the internet. Along with JavaScript and Plug-ins, BitTorrent is also an application that can leak your real IP address, so it is preferred to not use any such applications with Tor’s browser.

 

Exit Node Sniffing:

Due to Tor’s programming, it’s almost impossible to track the location of internet traffic. To further enhance the privacy, web activity is directed through randomly chosen relay nodes across the network, right before leaving the network to the web page. A majority of Tor’s traffic exits the Tor network.

Example: When you are entering Google via Tor, even if the traffic is directed through many Tor relay nodes it still has to exit the Tor network and connect to Google servers.

The place where the traffic exits the Tor network, also known as the exit Tor node. This can be monitored.

When it comes to using encrypted HTTPS sites like Gmail, they’re okay even though the exit node will be aware that you are accessing your Gmail account. Remember, whenever you are browsing an unencrypted site using Tor all your messages, pages visited and searches are monitored by the exit node.

It is your choice to turn your Tor node into an exit node although, this has its legal liabilities.

 

The Risk of Running an Exit Node:

As mentioned before, running an exit Tor node can lead to risks later on.  If you happen to be using Tor for illegal activities and the traffic exits out through your exit node, it’ll be tracked back to your IP address and it won’t be long until the cops are banging on your door.

 

It is advised when using Tor’s browser, to stay away from unencrypted websites whenever sending or receiving sensitive information because your traffic can be monitored. It’s not just law enforcement officers you should be worried about but, malicious predators as well that are looking to get a hold of your personal data.

 

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John MacAfee Bets His Manhood – Says Bitcoin to Hit $500k In 3 Years

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19 July 2017, A passionate digital currency backer says that Bitcoin is going to hit $500,000 during the next three years.

According to him, Bitcoin’s potential is not a joke, and that he is ready to take any bet to the contrary.

People were quick to respond:

One might think that McAfee is on the extreme end, but he is not the only one manifesting this much optimism for Bitcoin. Tom Lee – one of Wall Street’s biggest equity bears – also believes that Bitcoin is the new gold with a potential worth of $55,000 by 2022.

“One of the drivers is crypto-currencies are cannibalizing demand for gold GCQ7, -0.20%”, Lee wrote in a report. “Based on our model, we estimate that Bitcoin’s value per unit could be $20,000 to $55,000 by 2022 — hence, investors need to identify strategies to leverage this potential rise in crypto-currencies.”

That’s a major jump from $2530. Lee considers Bitcoin as a Gold, and the reason for this is the ever-increasing value and high demand of Bitcoin. Lee added, “Bitcoin supply will grow even slower than gold.” And, “Hence, the scarcity of Bitcoin is becoming increasingly attractive relative to Gold.” Lee also wrote, “This is a game changer, enhancing the legitimacy of the currency and likely accelerating the substitution for gold.”

Today’s value of Bitcoin is $2303.28, which reached $3018 on June 11, 2017. However, the drop is just being touted as temporary, and Bitcoin is expected to pick up the pace again in the coming days.

Story Credits: MarketWatch

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Is Bitcoin Really Bad for Games?

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July 11, 2017. Digital currencies continually making their momentum among a huge number of users. This increasing distinction creates an effect on the market cap. A large number of Bitcoin users indicates the more modest market with a surge in market cap as well.

So, it is clear that Bitcoin users can keep their coins without converting it to fiat money. On the side, bitcoin mining potential is growing with the increase in demand for Bitcoin.

Furthermore, most of the groups such as computer games community have faced negative pressure because of the development.

Mining or gaming????

With the rise in the Bitcoin market, things getting more difficult for the gaming community. In addition, both hardware cost and graphics cards’ price is getting high. Which shows that the gamers and miners required an expensive hardware in order to perform their operations more efficiently.

Basically, mining is a process of generating new bitcoins. whereas, supporters of digital currency campaign frequently favor the decentralized process of the cryptocurrencies. Because its allows users to generate new tokens.

Professionals have huge members set up to solve math solutions and get their Bitcoin reward. In addition, they use the AMD RX 400/500 series in mining process to boost up the whole process.

Why do gamers feel the pressure?

Gamers use the same card for the different purpose. Means, the similar card is used by two different communities. Accordingly, card seller is completely out of stock and most of the gamers feel the increasing pressure of prices.

Though, may be a relief is on the way, ASUS, one of the well-known graphic card manufacturers announced that they will introduce the new series of product soon. This announcement may lead two different classes with different focuses.

Doesn’t matter mining interest is growing on but graphic card is not more expensive for gamers.

News credit: www.investopedia.com

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