In his latest book, ‘Platform Revolution,’ Don Tapscott explains how blockchain technology has converged with AI, machine learning and IoT.
Blockchains are the critical infrastructure underlying cryptocurrencies. The common feature of these distributed ledgers is the sequential updating of a cryptographically secure, verifiable transaction record among a network of peers all operating under a certain set of rules enforced through the software itself. This record is owned and operated in common by anyone anywhere.
While research in shared ledger technology goes back decades, the arrival of the Bitcoin blockchain introduced the first distributed ledger technology that was thoroughly decentralized and resistant to censorship, seizure and collusion.
Blockchain technology, in its various manifestations including the Ethereum blockchain and others, is ultimately a global consensus system — i.e., it allows people to coordinate and cooperate around a neutral source of information without trusting each other or a central administrator. The use cases are wide-ranging, from finance and energy trading to supply chain management.
At Cointelegraph, we are chronicling the evolving blockchain industry. Is it revolutionary or overhyped? Or both? Will it become the solution to securing trust in finance and global trade? What will be the rate of blockchain transactions in the coming years?
Stay tuned to find out.
NFT digital art sales generate headline after headline, though this is not the real mass-market use of this novel technology.5373
The gaming ecosystem is set to become more community-driven with the help of decentralized tech, empowering creators and coders.15249
The Bitcoin assets under management (AUM) market fell 9.5% to $48.7 billion in November while altcoin-based crypto funds such as Ether saw their AUM rise 5.4% to $16.6 billion.13921
Goodbye Spotify, music nonfungible tokens have arrived: Reimagining the music streaming model in the Web 3.0 era.17147
Nonfungible tokens could be a step toward new social interactions, a notion that might not be as far-fetched as it sounds.5091
Buterin issued a decrease-cost-and-cap proposal that aims to reduce unprecedented levels of strain and risk breaking the network.25122
Saule Omarova’s nomination for Comptroller of the Currency faces policy objections from Democrats and Senate banking committee members.8207
Among many features, OKEx staff demonstrated how users could automate their trading process with no required coding knowledge on the namesake platform.4936
Shaped by computer entertainment, a now growing population of digital citizens seek social and economic gameplay opportunities.6222
Stablecoins are destined to grow, experts suggest, but are regulations the only way for the market to reach its full potential?5860
NFTs are the new darling in the world of gaming, transforming it into an entirely different universe.3163
A blend of contemporary popular culture, nostalgia and empowerment will be the main themes of the NFT exhibit.1750
- Decentralized protocol releases yield farming on Ethereum and Shiden for users to enter the cross-chain ecosystem
Solving the financial problems plaguing the world may only require a cross-chain protocol that meets liquidity needs.7174
“Our main concern is that many taxpayers believe their cryptocurrency gains are tax-free or only taxable when the holdings are cashed back into Australian dollars,” said the ATO commissioner.10654