Recent talking points include a blog post by Preethi Kasireddy, “fundamental challenges with public blockchains.” The post outlines several problems faced by blockchain platforms at the moment; limited scalability, limited privacy, lack of formal contract verification, storage constraints, and unsustainable consensus mechanisms – to name a few. Scaling issues on Ethereum became apparent in a post-CryptoKitties world.…
CryptoKitties is a new blockchain-powered online game where users can buy and sell collectable virtual cats on a marketplace as well as breed new kittens. While a virtual cat collecting game may seem insignificant and somewhat silly, CryptoKitties is actually the first large-scale decentralized application (DApp) on the Ethereum network and thus carries substantial significance…
Bitcoin’s rise from there is similar to any FANG-y stock story. Global adoption of new technologies led to Facebook’s dominance in social, Google’s in search, and Apple’s in hardware/software. What is different with bitcoin is that it has no CEO, no board, and no proprietary physical assets. But that has proven to be a feature,…
Bitcoin (BTC) has continued to ratchet higher, rising 94% since December 1st, on continued institutional and retail interest. The market cap now stands at US$316 billion on US$6.1 billion in trading volume over the last 24 hours. Hash rate and difficulty continue to make new highs, with hash rate nearing 15 exahashs per second. This far exceeds the estimated…
Since the announcement by the Chicago Mercantile Exchange (CME) to launch bitcoin futures contracts, the price of bitcoin has rallied by over 215 percent from $6,200 to over $19,800 in only six weeks. This rally was further fuelled when the U.S. CFTC approved the bitcoin futures contracts and the CBOE announced that it would follow…
The momentum behind the autonomous vehicle movement has been growing rapidly as the major technology vendors, and new players, seek to define the future of road transport. RethinkX has estimated that by 2030, within 10 years of regulatory approval, 95% of all US passenger miles will be served by autonomous transport-as-a-service providers. Jeff Klei,…
