Crypto 2.0 Roundup: Block Chain Bloat Solutions and a Crypto Football Team
The last few weeks have provided evidence that the emerging crypto 2.0 community is moving to integrate more fully with the mainstream bitcoin industry. The trend is evidenced by projects such as DigitalTangible, a gold and bitcoin exchange that uses tokens in an effort to bring gold trading into the 21st century. The project was backed by major partners Amagi Metals and Agora Commodities. However, the increased interaction between these two industry sectors has not been without controversy. The block chain bloat debate. An increasing number of bitcoin industry observers now fear that the....
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This article will cover another approach to solving the data bloat problem in blockchains utilizing a tried and tested enterprise software solution – the Enterprise Database – alongside an Ephemeral Blockchain. Blockchain Data Bloat in the Supply Chain. MultiChain, Sidechain, BigchainDB, Factom, and other chains built either on or off the Bitcoin Blockchain will eventually suffer from the data bloat syndrome. Pruning techniques like SPV and sharding can help with this syndrome but to a limit. Take an example of Boeing using a blockchain to implement its supply chain solution for an....
A football team dubbed AZ Alkmaar is about to become the ring leader of football clubs by paying player salaries in Bitcoin. The Netherlands-based football team has disclosed its plans to pay the players in BTC. This action will make them the first team to pay its players’ salaries in cryptocurrency. Related Reading | Bitcoin […]
The adoption of block chain technology will revolutionize capital markets as early as next year, according to a report by TABB research carried by CNBC TV. The report noted that the adoption is not a matter of if, but when. The TABB Group is a New York City-based company that provides insight on securities and investment management. The block chain, the report noted, serves as a big, decentralized ledger that records transaction information and stores it on a global network that can't be tampered with. It noted that R3, a fintech company, leads a 20-bank consortium that is developing a....
Feathercoin has announced advanced checkpointing in its block chain to protect against 51% attacks. The advanced checkpointing (ACP) feature will remove the need for changes to client software by publishing a feed of checkpoints, via a central node. Checkpointing is a lesser known part of cryptocurrencies. It's a way to maintain the integrity of the block chain by recording blocks out of it. In bitcoin, checkpoints are stored in the code of the client. This enables it to verify its checkpoints against the copy of the block chain it has downloaded, ensuring that block chain has not been....
With more and more users turning to Bitcoin and Chief Scientist Gavin Andresen having proposed a hard fork of the blockchain, the issue of network scalability has once again risen to the surface. The problem is called "blockchain bloat": when more transactions are made, the blockchain has more data to record, and if it grows too large, it becomes difficult to easily download or store. As a result, blocks are currently limited in size, which limits the maximum number of transactions per second we can make to 7-far less than the volume handled by Visa or MasterCard. This has become a major....