We all know it. Bitcoin and cryptocurrencies have seen a dramatic surge in popularity in the past few years, especially throughout 2017 and into 2018. The massive price increases combined with more scrutiny and interest from the financial community is making cryptocurrency conversations par for the course for most people.
Japanese utility Kansai Electric Power Co., which operates in Japan’s second-largest industrial region, incorporating the cities of Kyoto, Kobe, and Osaka, has announced another blockchain project just six months after unveiling a collaboration with Australian company Power ledger, Greentech Media reported on November 1, 2018.
Back then, the idea that someone could rely on a digital system to handle financial assets, their actual money, had been surreal. After all, anything could happen.
Ontology was created as a secure blockchain project to support corporate needs, providing a way to protect their systems and their data. Ontology is a Blockchain-as-a-Service (BaaS), bringing the blockchain to corporations in a way that they can benefit from the distributed and decentralized nature of the blockchain ledger.
It is similar to NEO and will have a dual token system where ONT is equivalent to NEO and ONG is equivalent to GAS, providing power for the network.
When it comes to checking the prices of cryptocurrency, most people – especially new users – automatically take to the website, CoinMarketCap. The platform is simple, accessible and popular, it serves as an efficient and credible option to keep track of the immensely dynamic prices for these digital assets.
However, there are those who do not want to check the value of all cryptocurrencies but seek an easy, reliable and accessible method of checking the value of only those specific digital assets which they hold.
We’ve continued to hear about “Casper” in the Ethereum community throughout 2018, ever since the testnet was launched on the last day of 2017. There has been great anticipation for the Casper hardfork and what it can help Ethereum achieve, but as we head into the end of October 2018 we’re still awaiting the momentous hardfork that is supposed to go off before the end of 2018.
Coinbase, the most popular bitcoin exchange in the United States has banned the Wikileaks Shop account from using its services. The ban was issued due to an alleged breach of the platform’s terms of service although no specifics were given.
In response, Wikileaks has called for a global blockade of Coinbase citing the non-specificity of the allegations and the suspected involvement of U.S. government interference. According to Greg Barns, a part of the Julian Assange legal team, the move symbolizes an attempt to block free speech.
Barns also went on to say that the situation with Coinbase is symptomatic of the opposition that Wikileaks faces in the mainstream financial scene.
As blockchain technology becomes increasingly popular it is also becoming more important for individuals and companies to embrace the technology.
That has created a market for platforms that are meant to enhance the uses of blockchain technologies. One of the leaders in that space is Qtum, a platform that makes the blockchain more accessible for companies who want to build and deploy decentralized applications (dApps).
The small Baltic country of Estonia may be blazing a trail for the world to follow in terms of creating a framework for promoting the use of renewable energy.
Already famed for being one of the world’s most extensive blockchain adopters, Wired reports on October 25 2018, that the country is now the host to a company that uses blockchain technology to connect Estonian consumers to renewable energy sources by making energy markets more efficient.
One of the best ways of describing one of the core principles of cryptocurrency technology is a form of unifying users with a currency based marketplace.
In order for any cryptocurrency to succeed, there must be a strong community built around it. Therefore, as new blockchains are being introduced, there is a natural inclination to develop them around certain demographics, interests and problems.