Crypto News 

America is going to have to figure out a blockchain strategy — and fast

“That’s why U.S. businesses and lawmakers must work quickly to maintain a leading role in blockchain technology” writes Foreign Policy for businessinsider.com. To strengthen network security and be deployable at scale—as in the case of a government agency—industry leaders should coordinate and develop a more comprehensive blockchain security architecture.DARPA has already begun contracting start-ups to research the applicability of blockchain technology for secure weapons data storage and encrypted communications.But so far, little has been written about the blockchain’s potential uses in the national security space, where blockchain technology could be…

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Crypto News 

Public vs. Private Blockchain Comparison

“I will explain the public vs private (permissioned) blockchain comparison, however, I need to first elaborate the promise of the public blockchain” reports devteam.space. In summary, public vs private blockchain comparison indicates that while fully decentralized permissionless public blockchains have many promises, enterprises need trade-offs.For a more detailed description of this immutability, read this article “Public vs private blockchain”.While they have fueled the cryptocurrency and Initial Coin Offering (ICO) boom, the big businesses haven’t embraced public blockchain. Source: devteam.space Share This:

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Crypto News 

Why regulatory complexity is suddenly a big deal for enterprise blockchain adoption

“However, 61 percent of poll respondents indicated that regulatory complexity is their top concern as it relates to widespread blockchain adoption” writes Paul R Brody for venturebeat.com. The most efficient way for companies to do business with each other is to move away from private blockchains and shift to public networks.Enabling this will require a number of big changes in how companies use blockchains. Source: venturebeat.com Share This:

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Crypto News 

five cryptocurrencies have recently been hit with an attack that used to be more theoretical than actual

“Though a 51% attack is perhaps the most famous cryptocurrency attack, it’s not necessarily the worst in his mind” reports telegra.ph. The more confirmations there have been, the harder the funds are to steal in a 51% attack.More surprising, though, may be that so-called 51% attacks are a well-known and dangerous cryptocurrency attack vector.Though, it’s clear the attacks targeted verge’s lower protocol layer, researchers are debating whether they technically constitute 51% attacks.Because of this, developers and researchers contend bigger blockchains with more hashing power behind them are more secure since…

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Crypto News 

Blockchain Will Test Investors’ Patience, Experts Say

“As FIS conducts internal proofs of concepts and blockchain pilots, Pigg said, the true benefits of blockchain technology will only be discovered gradually” reports pymnts.com. New research published Monday (June 4) from Cowen found that blockchain technology will take 5.9 years to gain significant traction. Whether or not investors agree that it will take years, perhaps decades, for blockchain solutions to gain widespread traction, however, is unclear.The investments are only a fraction of funding for blockchain companies announced this week, making it clear that investors remain confident in blockchain’s potential…

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Crypto Markets News 

JP Morgan Tests Blockchain’s Capital Markets Potential

“The bank demonstrated a prototype of its blockchain-based platform for capital markets, called Dromaius, on Wednesday at the Consensus 2018 conference” writes Sara Castellanos for wsj.com. Photo: Sara Castellanos / The Wall Street Journal NEW YORK — J.P. Morgan Chase & Co. is experimenting with the way blockchain could help cut costs and facilitate smoother transactions within capital markets, where securities are bought and sold.Moy and her blockchain team have the support of Lori Beer, global chief information officer for J.P. Morgan.J.P. Morgan joins other banks including Banco Santander S.A.…

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Crypto News 

Hot crypto company Blockchain is opening in San Francisco after acquiring a small app building shop

“Blockchain provides digital wallets for people to store their cryptocurrencies in and over 24 million around the world use Blockchain’s wallets” writes Finanzen Net Gmbh for businessinsider.com. The Tsukemen deal means Blockchain will now have offices in four cities across the world: London, New York, Luxembourg, and San Francisco.Tsukemen is an early stage app-development company founded by Thianh Lu, who previously founded and sold file-sharing product Cloudup.LONDON — Blockchain, the world’s biggest provider of digital wallets, is establishing a presence in San Francisco for the first time after acquiring Bay…

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The NEO Blockchain’s First Decentralized Exchange Goes Live

“The exchange has reportedly risen to become the fourth-largest DEX (decentralized exchange), following Ethfinex, Idea, and Cobinhood” reports financemagnates.com. NEO’s first decentralized exchange project, ‘Switcheo’, has finally gone live.Decentralized exchanges are, by nature, more secure and less expensive than centralized exchanges. Source: financemagnates.com Share This:

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Crypto News 

Public, Private, Permissioned Blockchains Compared

“Private Blockchains: Challenges and Gaps.) The third category of blockchains is the permissioned blockchains, which allow a mixed bag between the public and private blockchains with lots of customization options” writes Shobhit Seth for investopedia.com. This article looks at the key differences between the public, private and permissioned blockchain networks.Broadly speaking, public and private blockchains are the two most common flavors used heavily among the various cryptocurrency networks and the private enterprises.If one needs to run a private blockchain that allows only selected entry of verified participants, like those for…

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Crypto News 

Blockchains aren’t just tech, they’re new economic systems

“As excited as I am about the potential of blockchain systems, I am humbled by the realization that we have only just scratched the surface on how to build this systems properly” writes Jeremy Epstein for venturebeat.com. Instead of thinking of blockchains as investment bets or just cool technology, think of them as entirely new, and previously impossible, economic systems.A mastery of crypto-token economics is critical to the design of robust, sustainable blockchain economies. Source: venturebeat.com Share This:

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