Tag: BTC

Bitcoin-Ethereum Atomic Swap Code Now Open Source

A team of cryptocurrency startup developers is open-sourcing technology that enables trustless trading between the bitcoin and ethereum blockchains. Now available on GitHub, the code has already been used to execute what startup Altcoin Exchange claims is the first so-called "atomic swap" between the largest cryptocurrencies by market value. As a result of the release, a now larger community of developers can play around with and build on top of the code. For example, using Altcoin Exchange's tech, developers can lock ether tokens in an ethereum smart contract that specifies the funds will only be sent if an equal amount of bitcoin is sent to a bitcoin address during…

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Jaguar-Backed Blockchain Startup Wants to Trade Tokens for Transport Data

A UK-based startup has announced an ethereum-powered platform aimed to reward users for sharing their transport data. DOVU, which reportedly already has notable investors on board, plans to create a secure environment for individuals and companies to share any data relating to mobility – such as location, distance traveled and weather conditions. According to TechCrunch, the startup has already received an undisclosed amount of funding from InMotion Ventures, an investment arm of automaker Jaguar Land Rover, and Creative England, a fund backed by the U.K. government for the support of creative industries. The data collected will be used to create more efficient services, such as combining "car data with insurance data to…

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Making Sense of Cryptoeconomics

Josh Stark (@0xstark) is a member of Ledger Labs and Blockgeeks Lab, a blockchain co-creation company in Toronto, Canada. In this CoinDesk opinion piece, Stark argues that the term "cryptoeconomics" is widely misunderstood, despite being a crucial concept needed to understand and analyze the blockchain industry. A few months ago Parker Thompson, a well known Silicon Valley VC, tweeted that "the concept of crypto-economics is stupid. It's economics. Inventing your own word is just an excuse to ignore well-understood concepts." The term "cryptoeconomics" causes a lot of confusion and people are often unclear on what it is supposed to mean. The word itself can be misleading, as it suggests that there…

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Nvidia CEO: Cryptocurrencies Are ‘Here to Stay’

Nvidia is riding high on the boom in cryptocurrency mining, according to the graphics card (GPU) manufacturer. Revealed yesterday, the California-based company's second-quarter earnings were up 56 percent year over year, with its GPU division taking in $1.9 billion during the second quarter – a rise of 59 percent compared to the same period in 2016. Nvidia CEO Jen-Hsun Huang struck a bullish tone about the prospects for selling to would-be miners, telling VentureBeat: "Cryptocurrency and blockchain are here to stay. Over time, it will become quite large. It is very clear that new currencies will come to market. It’s clear the GPU is fantastic at cryptography. The GPU is…

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Asus Announces New Graphics Cards Focused on Cryptocurrency Mining

One of the world's largest technology hardware makers has announced new graphics cards (GPUs) aimed at the cryptocurrency mining market. Taiwan-based manufacturer Asus revaeled the Mining RX 470 and Mining P106, which were designed to handle the energy and heat intensive process of mining. Though not expressly pitched as such, the release is undoubtedly aimed at capturing some of the interest in mining ethereum. Bitcoin mining, by comparison, has evolved to a stage in which application-specific integrated circuits, or ASICs, are required to compete. Cryptocurrency mining is a process by which new transaction blocks are added to the distributed network. When this happens, new blockchain tokens are introduced to the system and awarded…

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Regulating Ethereum? EU Parliament Weighs Blockchain’s Big Issues

"When and how should governments intervene?" With that question, MEP Jakob von Weizsäcker kicked off a session of discussion yesterday held at the European Parliament (EP) and centered on the future of blockchain regulation in the 28-nation economic bloc. The "Spotlight on Blockchain" workshop, hosted jointly by the European Parliament and the European Commission, gathered representatives from across the blockchain sector to discuss use cases and platform security. Part of the program of the Blockchain Observatory, a formal fact-finding initiative launched in April and funded with €500,000, the aim was to cautiously approach the who, what and why of blockchain legislation.   Read more: https://www.coindesk.com/regulating-ethereum-eu-parliament-weighs-blockchains-big-issues/  

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WHAT is CARCO hub?

CARCO is a set of thematic content intended for drivers as well as a wide range of other users. It’s built on social platform interface where users connect, interact and share experiences. A payment system “Carcopay« based on Ethereum blockchain is added to the core of communication interface, which enables payment for individual services within the CARCO system and outside the system with real time conversion of CryptoCurrency to desired currency like USD, EUR, RUB, CNY, JPY etc. In addition to social content, all services that are required by drivers will be available to users and will be possible to use with CarcoBonus. A specific segment of…

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