Crypto News 

What’s in a Name? Over-Hyped ‘Blockchain’ Being Ditched in Favor of ‘DLT’

“Similarly, in December, New York-based Long Island Iced Tea announced it was changing its name to include the word blockchain to become Long Blockchain Corp” writes Rebecca Campbell for livebitcoinnews.com. Companies are turning their noses up at the word blockchain, claiming that it’s too over-hyped, according to new research.Once it seemed that everyone was searching for ways to add the word blockchain to their company name.Instead, they are applying the word DLT, also known as distributed ledger technology. Source: livebitcoinnews.com Share This:

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Crypto News 

Performing a 51% Attack Against Overhyped Altcoins…

“One of the bigger threats to date is the 51% attack” writes Jp Buntinx for livebitcoinnews.com. This removes the electricity costs for attackers, effectively making their 51% attack more lucrative.Smaller currencies, such as Bytecoin, Bitcoin Private, ad MonaCoin are all cheap to attack.If the recent Bitcoin Gold attack is any indication, a new wave of 51% issues will arise.As such, criminals would not benefit from double spending funds unless there are proper places accepting these altcoins. Source: livebitcoinnews.com Share This:

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Roubini: Blockchain is one of the most overhyped technologies ever

“In reality, blockchain is one of the most overhyped technologies ever” writes Preston Byrne for marketwatch.com. Blockchain investment propositions routinely make wild promises to overthrow entire industries, such as cloud computing, without acknowledging the technology’s obvious limitations.NEW YORK (Project Syndicate) — Predictions that Bitcoin BTCUSD, -5.56%  and other cryptocurrencies will fail typically elicit a broader defense of the underlying blockchain technology.For their purposes, a single globally distributed blockchain such as Ethereum would never be useful. Source: marketwatch.com Share This:

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Crypto News 

Blockchain is ‘one of the most overhyped technologies ever,’ Nouriel Roubini says

“Blockchain, the technology behind cryptocurrencies, is “one of the most overhyped technologies ever,” according to noted economist Nouriel Roubini” writes unknown author for cnbc.com. There is no central authority on the bitcoin network which is why the blockchain is often called distributed ledger technology.Transactions on the bitcoin blockchain require verification from a number of different parties.It’s a public ledger of bitcoin transactions that is tamperproof. Source: cnbc.com Share This:

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The most overhyped and underhyped sectors in tech, according to entrepreneurs

“In the survey, entrepreneurs were asked to give their opinions on 14 different technologies, on whether they were overhyped or underhyped” writes Jeff Desjardins for businessinsider.com. Agtech: 57% Underhyped Farming is not flashy, but entrepreneurs recognize agtech as something that city slickers should pay more attention to.Wearables: 64% Overhyped When Google Glass first came out in 2013, hype about a future filled with wearables seemed inevitable. Source: businessinsider.com Share This:

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