The proposal of Community Designed Governance may represent true decentralization of the Blockchain, but the possibility of implementation remains a subject of feasibility with the fundamental structures of both existing and future innovations.
The Chinese Yuan has fallen to its lowest level in six years, forcing investors within the economy to move their money overseas. Bitcoin appears to have been a convenient method of transfer of value as speculators have also taken advantage of the prevailing demand for the cryptocurrency. This, according to experts, has given rise to the current surge in the price of Bitcoin.
UK payment gateway Bitwage has announced the launch of a new platform that will enable its clients to know more about their oversea employees. This, Bitwage says, will improve the level of trust between employers and employees who are varying distances apart.
Synereo’s effort to show true decentralisation within its system has inspired contrasting views among experts. Some have applauded this move, while others think that there could be more appropriate ways of discarding unwanted tokens.
Pharmaceutical counterfeiting is an age old vice, that seems to defy traditional methods of curbing it due to several factors involved. Using the Blockchain to stop the creation of fake drugs is clearly not an easy process, but it is achievable.
The fundamental feature of the Bitcoin blockchain is “Proof of Work”, however there exist within the ecosystem several creations which have been described as Blockchains. Are these creations really what they are called? Is it possible that 90% of Blockchain projects utilise a fake “Blockchain”?
Today the Blockchain technology in not just a distributed ledger Bitcoin transactions are based on, but a cutting-edge technology that becomes widely used by ambitious startups, giant software companies, major world banks and even governments. Just as decades ago the Internet came to change our ordinary lifestyles, the Blockchain may change the future.