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More big companies adopt blockchain technology
While there is a lot of speculation about which direction Bitcoin will go in, more big companies are taking to blockchain technology. The premise of the technology has too much potential for them to ignore.
Amazon, for example, is working in migrating their cloud services as well as their supply chain management to the blockchain.
Walmart is working on a food safety blockchain project, and will already be implemented in less than a year — September 2019.
Microsoft is working on similarly providing BaaS (Blockchain-as-a-Service) to their SaaS (Software-as-a-Service). They are no strangers to blockchain technology, however. Microsoft was already in 2015 utilizing the Ethereum network for its Azure cloud solution.
Like Microsoft, both IBM and Oracle are considering blockchain solutions to complement their existing portfolio. IBM has already entered a five-year contract with the Australian government, which will see the tech giant provide blockchain-based security and automation solutions.
Regardless of whether or not Bitcoin holders are entering a bull or a bear market, there is no sign of blockchain technology going away anytime soon. Quite the opposite.
The Lightning Network could speed up Bitcoin transactions
One of the reasons that companies like Visa and Mastercard are not yet considering adopting blockchain technology is the low transaction volumes. Bitcoin and other favorite cryptocurrency tokens are not however at the level of the major credit card companies.
The Lightning Network has emerged as a potential solution to this problem. The concept is to create a pre-blockchain on top of Bitcoin’s actual blockchain, which will facilitate much faster transactions. This means that purchases made through the Lightning Network are not registered on Bitcoin’s blockchain until the channel has been closed.
So what is a channel? To make a payment through the Lightning Network, two people can use a common Bitcoin address to make unlimited transactions between each other. This address is referred to as a channel and can be used to make small regular payments to each other. When no more trades are needed, the channel can be closed, and the transactions will be recorded on Bitcoin’s blockchain.
Bitcoin could see more mainstream use with CoinGate
The project has received backing from Jack Dorset, the founder of Twitter and Square. It has also received support from a payment processing company called CoinGate, which will now help facilitate Lightning Network transactions. This means users will have the option to pay with Bitcoin when using sites like Mmoga.com, Bitlaunch, Livejasmin, and Manyvids.
A Spanish hardware hacker by the name of Ricardo Reis has also demonstrated how the Lightning Network can enable vending machines to accept Bitcoin payments. In a video released by Reis, he shows how he purchases a bottle of Coke from a modified vending machine.
This is great news for Bitcoin. The more everyday uses there are for Bitcoin, the more it will increase in popularity. It’s difficult to see how Bitcoin will lose its value as long as these developments are happening all around us.
Cryptocurrency calendar – Evidence-based & community-driven
Thanks to growth of cryptocurrency industry, event organizers have being scheduling events such as conferences and summits in various cities across the globe to discuss blockchain technology and cryptocurrency. Unfortunately, most of these events are not captured by the mainstream media and so most people don’t get information about them. By the way CoinMarketCal content does not expose only conferences and summits, those ones are only a small part of their events list, including releases, community events, forks, airdrops, exchange listings, ecc.
Coinmarketcal.com is determined to solve this problem by creating a community driven platform where details of upcoming and ended events can be listed.
Apart from conferences and summits, information related to blockchain projects and new coin launches is also published on the site on a daily basis. Unlike other similar sites, CoinMarketCal is fully community based, with not only people who can add events that are yet to be listed, but also their team reviewing each and every submitted event to ensure the best quality of information.
This feature greatly helps to ensure that details of all events relevant to the industry are published. The developers have also gone an extra mile to incorporate a voting system that is designed to help separate the real events from the fake ones. Events that accrue the lowest votes are eventually delisted from the website.
Another aspect that gives CoinMarketCal an upper hand is that there is an option for persons who upload details of upcoming events to be paid by other website users using Bitcoin. All one has to do is leave his/her BTC address in the post. Never miss anything that happens in the crypto market, visit coinmarketcal.com for accurate information about all upcoming conferences and summits.
Subscribe to their recently launched newsletter to receive a weekly selection of 3 coins to watch closely, based on upcoming events and technical analysis:
newsletter.coinmarketcal.com.
Crypto Games Conference – Minsk Belarus
Crypto Games Conference is scheduled to be held in Minsk, Belarus on October 17th and October 18th.
This will be the first international conference that is dedicated to discussions related to game services and games that are in one way of another connected blockchain technology and cryptocurrencies.
One of the main goals of the summit is to bring together the worlds of blockchain, cryptocurrencies, games, and advanced high-end technologies that are redefining how the digital world. The discussions will majorly focus on the new opportunities that blockchain technology presents as well as evaluate the implications of their convergence.
More than 100 brands, 45 speakers, and 600 professionals from all the aforementioned industries are expected to attend the conference. The main topics are categorized in four distinct groups namely:
- Crypto funds and platforms
- Crypto game services
- Crypto games
- Gaming industry
The leading gaming developers will explain their new discoveries, projects, secrets of the gaming business as well as the marketing strategies that they use to sell their crypto games to the world.
In the Green Hall, the developers will discuss the uses of cryptocurrencies and blockchain to offer services in the gaming industry. Avoid last minute rush by buying your ticket today!
As bitcoins continues to create buzz across the world, let learn the basics of bitcoin.
Bitcoin is essentially a digital currency that unlike any fiat money is not owned by countries or central authorities. It is governed by the huge community if bitcoin users and is free from any corporate monopoly too. Its secure digital nature makes it easy to transfer all over the world that too at a very low expense. More and more individuals and businesses are adopting and accepting bitcoin as transactions are secure, faster and anonymous.
A bitcoin user uses a digital wallet to store, spend and receive bitcoin. While installing a bitcoin wallet a private key also known as ‘seed’ is set up. It ensures the safety and security of a transaction while the wallet is used.
Bitcoin works on the blockchain technology that is basically a shared public ledger on which the entire Bitcoin network relies. Any confirmed transactions (including newly added bitcoins) are added into blockchains. The ledger is maintained by the public & anyone can use the ledger to match a transaction.
Bitcoin mining involves complex mathematical calculations for the Bitcoin network users, to confirm transactions and increase security. Those who use their computers and resources for bitcoin mining are called miners.
When you make a Bitcoin transaction, your Bitcoin software uses your private key to signs the transaction cryptographically. Unlike normal transactions, here you don’t give our personal details. Only the wallet address is visible and this ensures anonymity & safety.
Bitcoin was made available to the public in 2009 by an anonymous Satoshi Nakamoto whose goal was to create “a new electronic cash system” that was “completely decentralized with no central power or authority.” In the year 2010, a person sold 10,000 Bitcoins for the first time to purchase two pizzas. Now, Bitcoin is widely accepted all over the world in different fields, and its future is beyond the imagination.
Our friends at Bitcoinfy.net developed an interesting infographic on Bitcoin & Blockchain Technology, please have a look at it, and share your thoughts.