Category Archives: Blockchain

Steve Wozniak: Bitcoin is better than gold and USD

At the sidelines of a conference on the future of payments and currencies, Wozniak, a mathematician by training, explained why he thought Bitcoin was better than the US Dollar and Gold. Quipping that unlike Gold or the US Dollar, Bitcoin has a predictable finite supply and is tamper proof, Wozniak claimed Gold’s value will be diluted once more efficient methods of mining are invented. He also remarked that the US Dollar is ‘kind of phony’ due to the centralised control over creation and use, lending itself to abuse.

Adding that he admired Bitcoin from the very start, Wozniak said he wasn’t interested in the financial part of it but rather believed in the promise Bitcoin held as a currency. The tech geek also shared how he found it hard to buy Bitcoins in the early days after its launch. Comparing Bitcoin to a house, Wozniak said that no matter how much the price went up or the government taxed it, the house would still exist as a real stable asset, undiluted and worth what it’s made of. In the same way, he said, Bitcoin is limited in amount and nobody could ever dilute the supply, making it valuable as a stable asset.

Reference: https://blog.unocoin.com/steve-wozniak-bitcoin-is-better-than-gold-and-usd-4fdbfcb6e5bb

Taipei Partners With IOTA

Taipei, Taiwan is seeking to become a smart city by utilizing the power of Distributed Ledger Technology (DLT), or Blockchain. The city has chosen to partner with IOTA, the inventors of the so-called Tangle technology for the Internet of Things (IoT), to provide a number of new technology features for residents.

Wei-bin Lee, Commissioner of the Department of Information Technology in Taipei City Government, suggested in an official press release that the ‘unique technology’ offered by IOTA will usher in a ‘new era of smart cities for the citizens of Taipei’.

Reference: https://cointelegraph.com/news/taipei-partners-with-iota-to-become-a-blockchain-powered-smart-city

WWF Uses a Blockchain to Eradicate Illegal Fishing and Slavery

According to an announcement from the organisation the transparency of the distributed ledger will prevent consumers from purchasing tuna from illegal, unreported, and unregulated fishing in the Pacific Islands. Additionally, it will help to eradicate human rights abuses. This is just another example of how the blockchain is being widely applied to different industries and not just the financial sector.

As part of the innovative initiative, WWF-Australia, WWF-Fiji, and WWF-New Zealand have teamed up with global tech innovator ConsenSys, information and communications technology implementer TraSeable, and tuna fishing and processing company Sea Quest Fiji Ltd. to deliver the project.

Reference: https://www.ccn.com/wwf-uses-the-blockchain-to-eradicate-illegal-fishing-and-slavery-in-the-tuna-industry/

Cryptocurrency Watch : Bytecoin

Bytecoin (BCN)

Bytecoin is a private, decentralized cryptocurrency with open source code that allows everyone to take part in the Bytecoin network development. Privacy and security come naturally from using Bytecoin. The best solution for those who want to keep their financial privacy.

Instant private transactions are provided all around the world by the Bytecoin Network, they are totally untraceable, and they don’t require any additional fees.

Fiat currencies are assigned to specific territories while Bytecoin is bound to the Internet and therefore is international by default.

Current Price: $0.002626 USD
Website: https://bytecoin.org/
Type: Coin
Market Cap: $482,724,246 USD
Circulating Supply: 183,807,423,448 BCN
Total Supply: 184,470,000,000 BCN

Cryptocurrency Watch : Ethereum

Ethereum (ETH)

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.

This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.

Current Price: $447.47 USD
Website: https://www.ethereum.org/
Type: Coin
Market Cap: $44,061,897,510 USD
Circulating Supply: 98,469,822 ETH
Total Supply: N/A