View: 507
Want create site? Find Free WordPress Themes and plugins.

According to the latest blockchain news 2018, the vice president of a European Commission has officially asked the EU nations to commit to blockchain-technology; which, according to him, is going mainstream. The vice president of the European Commission said this in a speech on “digitization,” and highlighted the blockchain technology as an area that EU nations must be committing to. European Commission vice-president, Andrus Ansip highlighted blockchain technology amid the parts where Europe is top-positioned and is playing a leading role along with AI (Artificial Intelligence).

EU Blockchain

EU’s Opening Remarks

The official offered the “opening remarks” of the annual ‘Digital Day’ of European Union, which was initially held in Brussels this year, where Ansip stated:

“I would like to see EU countries make a similar commitment (as with AI) to blockchain technologies – now moving out of the lab and going mainstream. As with AI: we should make the most of this new opportunity to innovate.”

In order to achieve their aim, the European Commission’s official called on national governments as well as private sectors to subsidize the cause and stated the EU’s own “public purse only goes so far”, demonstrating almost 1% of the yearly-wealth produced by economies of EU and added, that they need a hard crash.

The remarks were quite noteworthy as they came up just within weeks, earlier in the month of February, when EU launched its own “Blockchain Observatory.” The EU blockchain establishment was first announced by the EC last year and was a response to an European Parliament mandate to reinforce the technical proficiency of EU in innovative technologies.

European Blockchain Partnership

According to the European Commission, it will be investing €300 million in projects that are linked to the use of blockchain technology directly. The EU also unveiled that it is placing the groundwork which is required to create a “European Blockchain Partnership” for promoting interoperable-infrastructures, amid EU nations, to boost and stand-in trusted digital services. In the meantime, the officials of EC previously hinted that they’d be presenting a regulatory framework for cryptocurrencies.

Did you find apk for android? You can find new Free Android Games and apps.

One thought on “European Union Official Says Blockchain is “Going Mainstream”

Leave a Reply

Type Comments Here

Your email address will not be published.

Share Your Toughts

View: 470

Bitcoin Averted a Split – Now What’s Next for Bitcoin

Want create site? Find Free WordPress Themes and plugins.

The Bitcoin development community is embracing a software upgrade which is known as SegWit. The purpose of SegWit is to increase the transaction capacity of the network and to avoid a split which possible in the cryptocurrency. As Bitcoin averted a split and here is what some proponents have to say about “What’s next for Bitcoin”.

Digital Currency Exchange

Adam White:

The head of Digital currency exchange ‘GDAX’, Adam White said, we are going to experience a better utility of the network. People can use Bitcoin as a source to transfer money more easily, more cheaply, and more quickly. It’ll attract the new users to the network.

There’ll possibly open blockchains like Bitcoin as we’re going forward, and that will be slow or conservative progression. But there’ll be other blockchains as Ethereum which may move much rapidly and it’ll introduce a larger platform for developers to lead it at the top. According to Adam White, both things will balance each other, not compete.

Elizbeth Stark:

According to the head of startup Lightning Labs, Bitcoin does not have Turning-Complete language as Ethereum, but there’re some new amazing factors which will enable to do so when SegWit will implement. She gave few examples as:

  • Small transaction as less than 1 cent, which may replace “ad networks”.
  • Instant-transaction confirmation in milliseconds.
  • Bitcoin can get a lot of its own ICOs.

Matthew Werner:

The head of payments engineering at Coinbase describes that it is a beneficial step for Bitcoin. There were a lot of queries about a Split but reaching a consensus for how to scale the Bitcoin further is obviously a huge step. Allowing things like Lighting Network and activating SegWit will be a great thing. By expanding the block size, we’ll be able to increase the number of users on a network. The element BIP91 came through and it’s a good signal because everyone wants to grow this network further.

Did you find apk for android? You can find new Free Android Games and apps.
View: 551

Blockstream-Bring Privacy to All Blockchain Assets

Want create site? Find Free WordPress Themes and plugins.

 

On a blockchain platform, all the participants are free to check the transactions. This transparency level provides the much security to the users. Basically, it is a public verification process, where the cheating percentage is fall to its minimum level or zero. Unfortunately, it is not also good in privacy matters.

To improve the privacy terms, confidential transactions are its potential solution. Whereas, these transactions hide the transacted bitcoin which is using in test environment and academia.

A number of bitcoin core developers discover the confidential assets. These transactions are categorically designed for the bitcoin.  Confidential assets carry a level to any blockchain asset such as ownership paper, stock etc.

Blockstream engineer Gregory Sander says, “With Confidential Assets, we can generate multi-asset transactions where both the amount and the asset type itself are encrypted”.

Confidential asset

Basically, confidential assets are not a new born concept in the technology world. It is increasing in two ways.

The first part of this puzzle is planted on confidential transactions, which was introduced by the current Blockstream CEO Dr. Adam back. Blockstream developers Gregory Maxwell, Dr. PIETER Wuille and mathematician Andrew Poelstra further work on this and expand it to blockchain’s alpha sidechain.

According to these transactions, only receiver and sender will come to know the transacted amount. A public verification process, that is the rest of the world-where the transactions were created between the sender and the receiver. But the transacted amount is masked.

Whereas, in confidential transactions are masked in a programmed way that public verifier will able to perform a certain type of math on them.  If they cancel out the transaction, anyone is capable to add up the committed amount on the sending end. And, add up all amounts on receiving end. In addition, if they don’t cancel, means no amount was created out. In that way, a public verifier will fail to know how much was transacted. They have the idea that system wasn’t cheated.

The second part of the puzzle is quite new, which boost up the masking to assets themselves. Confidential assets include blockchain based assets not only bitcoin.

Sanders says, “While the sender and receiver would know that, say, a gold certificate was transacted, a public verifier would only know that ‘some asset’ was transacted — in ‘some amount”. “And if multiple assets are transacted at once, the public verifier would see that multiple types of ‘some assets’ changed hands, and he can verify that no ‘some assets’ were created out of thin air. But he would still not know what was transacted exactly, or how much of each ‘some asset”.

Projects

Confidential assets advanced in two different projects.

For one, it may be associated with the existing sidechain such as a liquid. This is an organize blockchain fix to the bitcoin. Where the blocks confirm by the service provider. which permits the transactions at little cost without troubling the main blockchain. Exchanges use this to let the customers move the bitcoins among different accounts without confirmation from the blockchain. Confidential assets allow to move the fiat currency as well.

In addition, Blockstream start a teamwork with Japanese IT company Digital Garage.

Sanders explains, “Digital Garage is working on a loyalty points blockchain” and “This means that all types of companies can issue their loyalty points, and customers can use them or trade them atomically for other assets using market makers. Privacy is huge here because you do not want to be showing the whole world how many points are outstanding on your books”.

Furthermore, confidential assets sidechain is a private decentralize exchange. This elementary setup can expand to mediators that act. Sanders says, “For the Digital Garage demo we have implemented a trustless, blinded swap of multiple assets through peers already. If we can deploy fiat currency on the blockchain, we can make similar arrangements between Bitcoin and U.S. dollar, euro or yen”. Blockchain use case complexity matrix

 

Did you find apk for android? You can find new Free Android Games and apps.
View: 502

Gatecoin CEO Predicts Bitcoin to Reach $5000 This Year.

Want create site? Find Free WordPress Themes and plugins.

Gatecoin is a Hong Kong based cryptocurrency exchange that claims Bitcoin’s price is to reach $5000 by the end of 2017.

Headlined “Bloomberg Daybreak: Asia,” this price prediction was made during an interview with Aurelien Menant, Gatecoin’s CEO, and founder. He said that the markets are responsible for driving increased interest in Bitcoin.

“Another factor that is very important is the arrival of more and more institutional investors in bitcoin,” Menant said. “Historically we used to have a few hatch funds trading bitcoin in Europe and the U.S. Now we have around 60 or 70 of them that are starting to trade bitcoin.”

Some funds are now dedicated to digital currencies. “So, this is definitely driving a surge in the price,” he said.

 

News Credits: coindesk.com

Image Credits: steemit.com

Did you find apk for android? You can find new Free Android Games and apps.
View: 584

Cryptocurrency Market is Stabilizing as Bitcoin Records 4.5% Gain

Want create site? Find Free WordPress Themes and plugins.

Bitcoin’s price has rebounded to $11,997 with a 4.9% gain after falling to $10,000 recently and is now affecting the whole market with its momentum.

Bitcoin Once Again Hits its All-Time-High:

The daily trading volume of the cryptocurrency market including the top-cryptocurrency (bitcoin) has been comparatively strong over the past 24-hours. The daily trading volume of the top-cryptocurrency remained strong across all major cryptocurrency exchanges including; Bithumb, Binance and UpBit, which demonstrates signs of another recovery towards $13,000, as many experts have highlighted it.

The daily trading volume of bitcoin has hit a monthly high in South Korea, as around about 80,000 bitcoins were traded within a single day. South Korea’s largest mainstream media outlet “HanKyoReh” reported, that for the first time since January, the demand for bitcoin is rapidly growing.

cryptocurrency market stable

Multiple investors have started to invest in the bitcoin market out of the fear of missing out, as the top-cryptocurrency has continued its rising momentum throughout the past few days. Another South Korea’s mainstream media outlet “Chosun” highlighted that bitcoin has built flexibility just within a month, as a lot of investors have started to enter the cryptocurrency market once again.

According to Chosun, strong cryptocurrency (bitcoin) remains above $10,000 mark even though it has been through many adverse issues, criticisms, and huge corrections. At this time, the crypto-market is seeing similar prices as it has seen only two months back, preceding to bitcoin’s enormous bull run that permitted the top-cryptocurrency to achieve its all-time high at $19,000.

CEO of venture capital firm Pantera Capital, Dan Morehead said last week, that the price of bitcoin would be expected to surge by the following week after it recovers from the bear market. He highlighted that most bear markets have a tendency to last 71-days and from now, bitcoin would be in a perfect position to see an upsurge in its price in the coming week.

He added, the past doesn’t predict the future, however, it looks like this is the right correction. It had been on a 71-day bear market so, it looks like within few weeks, everything will go back to normal.

Ethereum:

Other major cryptocurrencies (including Ethereum) with ICO tokens have been following the trend of bitcoin for the past 2 weeks, however, it just dropped to $945 on February 20th. Just few cryptocurrencies have been able to exceed the gains of the top-cryptocurrency bitcoin, and most cryptocurrencies have recorded declines in their worth. Ethereum has declined by 2% against Bitcoin. However, it is also essential to perceive that Ethereum is only down by 0.52% over the past 24 hours.

Did you find apk for android? You can find new Free Android Games and apps.
View: 660

Cryptocurrency Market Crash: Bitcoin Price Has Dropped Below $10,000

Want create site? Find Free WordPress Themes and plugins.

The price of Bitcoin has dropped by 11% today, on January 31, and once again, the cryptocurrency market is struggling to recuperate from its preceding corrections. Other major cryptocurrencies like Ripple, Ethereum and Cardano have also dropped by 8 to 13 percent and have triggered the cryptocurrency market crash.

Performance of Bitcoin:

In December, the valuation of the cryptocurrency market fell by more than 30%, and since the cryptocurrency market crash, most of the cryptocurrencies have struggled to record hefty gains in the cryptocurrency market. So, we can say that the crash in the performance of bitcoin is not exclusive to bitcoin.

Cryptocurrency Market Crash

Bitcoin is among one of those few major cryptocurrencies (excluding Ethereum), that hasn’t recorded a 50% drop from its all-time high. Whereas, other cryptocurrencies like Bitcoin Cash and Ripple, have dropped by almost 60% from their all-time highs. Apparently, the current price trend of bitcoin shows that the cryptocurrency isn’t performing well in terms of adoption and user activity.

Robinhood is a US-based financial services company that allows individual investors to invest in publicly traded companies and the stock market. Robinhood recently announced that it is going to launch a cryptocurrency exchange and a bitcoin, also, it will allow traditional finance market investors to trade in the cryptocurrency sector.

It is expected that the Robinhood’s cryptocurrency trading platform will launch in February. Above 998,000 users have already signed up to get the early access to Robinhood’s cryptocurrency trading platform and that is almost 10% of the user base of Coinbase.

Multiple hedge funds have expressed their sanguinity this week towards the short-term trend of bitcoin. There have been many rumours in the market that the institutional investors in the finance sector have sold huge amounts of bitcoin in an attempt to lower the price of bitcoin purposely.

 Acceptance by Retailers & Other Financial Sectors:

South Korea’s one of the largest e-commerce platforms “WeMakePrice” have started to adjust twelve cryptocurrencies into their present system in partnership with Bithumb. Soon, cryptocurrencies like Bitcoin, Bitcoin Cash, Qtum, Ethereum, Litecoin and EOS will be accepted by WeMakePrice, which will make it South Korea’s first retailer to accept cryptocurrencies.

Right now, the cryptocurrency market is endeavouring to reflect this speedy adoption of cryptocurrencies by retailers and large-scale companies, which bitcoin sceptic, Howard Schultz (Starbucks chairman), has labelled as the only essential feature for the progress of cryptocurrency market.

As the major cryptocurrencies in the market such as; Bitcoin and Ethereum, continue to be adopted by retailers and other major financial sectors, within few weeks, the valuation of the market would certainly upsurge.

 

Did you find apk for android? You can find new Free Android Games and apps.