On October 31, 2008, someone under the pseudonym Satoshi Nakamoto published an article “Bitcoin: A Peer-to-Peer Electronic Cash System,” in which he outlined the concept of bitcoin . In honor of the tenth anniversary, we remember the 10 principles of the first cryptocurrency and how it was described by its creator. Bitcoin allowed to get rid of intermediaries "In most cases, Internet commerce relies on financial institutions acting as trusted intermediaries … A payment system based on cryptography, rather than trust, is needed." Defenders of cryptocurrency like to say that Bitcoin does not rely on any central authority, for example,…
Author: BlockchainJournal
Known for her dislike for bitcoin, the former head of the Federal Reserve, Janet Yellen, now has a small amount of cryptocurrency, reports CoinDesk . Back on Monday, October 29, during a speech at the Canadian FINTECH forum, Yellen told why she did not consider Bitcoin to be a form of money useful to society. In this case, she called the blockchain "important technology." However, the next day, according to the email that CoinDesk had at their disposal, the founder of the digital gift service Biterica Raz Suprovichi sent Yellen 0.0031642 BTC (approximately $ 20) using her email address at…
One of the world's largest consulting companies, Ernst & Young (EY), presented a solution enabling confidential transactions in the Ethereum public network. This is reported in a press release . According to the company, the prototype EY Ops Chain Public Edition is the “first in the world” implementation of the evidence protocol with zero disclosure for Ethereum. Also, they note in the company, patents for a new solution are currently “pending”. EY's development allows participants to create and maintain tokens in the Ethereum public blockchain, while keeping transaction data confidential. According to the company, the prototype supports tokens that are…
Ethereum-startup ConsenSys has acquired the space company Planetary Resources. The conditions, amount and objectives of the transaction were not disclosed. . @ConsenSys acquires Planetary Resources https://t.co/kGQMIzpEgs – Planetary Resources (@PlanetaryRsrcs) October 31, 2018 Founded in 2009, Planetary Resources develops and introduces new technologies for the industrial development of asteroids. Not much is known about the company's activities. In 2014, Eric Anderson, one of the founders of Planetary Resources, announced that the company plans to extract water from asteroids. A year later, the space company sent its first satellite to the ISS. "For nearly a decade, Planetary Resources has been a…
Investment Bank Goldman Sachs has attracted a small number of clients for trading Bitcoin-based derivatives. Reported by The Block . The intention of Goldman Sachs to launch settlement (not involving the supply of the underlying asset) forward contracts based on Bitcoin became known in May . The source reports that the famous financial institution is working in parallel to create custodial services for holders of digital assets. It is also known that bank customers will hold talks with its management to share thoughts about the prospects of the industry and the possible role of Goldman Sachs in it. It is…
The Indian government committee, established late last year to determine the future of the country's cryptographic market, is developing a legal framework to ban the use of private cryptocurrencies, such as Bitcoin . The committee under the leadership of the Secretary of the Ministry of Finance for Economic Affairs Subhash Chandra Garg (Subhash Chandra Garg) initially promised to submit a draft regulation rules cryptocurrency at the end of March, then the deadline moved to July, September and the end of the year. At the 19th meeting of the Financial Stability and Development Board (FSDC) of India, which is chaired by…
Founder of Bitcoin.com and blockchain.info Roger Ver will give an exclusive speech on Skype on the Blockchain Life 2018 forum in St. Petersburg, which will be held on November 7 and 8. On the forum, Roger Ver will talk about how cryptocurrency will change the world. The event will bring together owners and representatives of the world's leading companies in the industry and government agencies on one platform. More than 5,000 participants are expected. Last tickets on the official website of the event . << aside id = "unisender_subscribe_form-10" class = "widget unisender_form"> BlockchainJournal.news
Ella Pamfilova, Chairperson of the Central Election Commission of the Russian Federation, believes that to introduce the blockchain technology in Russia, she should change the name. The head of the CEC said this during the scientific-practical conference “Elections. Today and tomorrow". The concept of “blockchain” is mentally alien to our citizens, so this technology needs to be renamed and adapted to the Russian language. The head of the CEC stressed: “To promote blockchain technologies in our country, it is necessary to rebrand this concept. We need to come up with a Russian analogue of the term, which will be close…
At the Devcon4 conference, Fabian Vogelsteller (Fabian Vogelsteller), one of the founders of the ERC20, proposed a new ICO model, which suggests the possibility of return on investment. The innovative form of ICO will be aimed at making investing in digital assets more secure. In his report, Vogelstellar noted that he considers his “commitment” to create an alternative to ICO. Following this, he presented a “reversible ICO” model called RICO. RICO will allow investors to get their investments back with a special smart contract. Vogelstellar believes that RICO will reduce the number of fraudulent firms in the market, thereby protecting…
The head of the Iranian Civil Defense Organization, Golamreza Jalali, said that cryptocurrency can provide the country with great opportunities at the international level. Reports about it Mehr news agency . “Cryptocurrencies can help circumvent certain sanctions through untraceable banking operations,” he said. However, he noted that cryptocurrencies are a double-edged sword, because "they violate the financial and monetary systems of each country." Golamreza Jalali also stressed the importance of creating a national digital currency that could be used if necessary. Note that in August the Iranian cyberspace center announced the completion of work on the national cryptocurrency bill. Commenting…