€100 million Venture Capital fund focused on blockchain investments called Meta Change Capital (MCC) was launched today. The London-based V.C.
Blockchain-based technology represents a digital ledger of economic transactions that can also be programmed to record not just financial transactions but everything that has any value.
Simply put, it’s a time-stamped series of immutable records of information that’s managed by a cluster of computers that aren’t owned by any single entity.
The data sets are compiled in blocks (hence the “block”) and bound to each other using cryptography (hence the “chain”).
These networks are governed by consensus algorithms that dictate how the blocks are created and added to the blockchain. The two most popular ones up to date are Proof-of-Work and Proof-of-Stake.
Proof-of-Work (PoW) is perhaps the most popular consensus algorithm, and it governs Bitcoin’s network. With it, each participant must compete with the rest to solve a difficult mathematics problem, using the processing of computing power. The first one to solve the puzzle gets a reward for the work.
With Proof-of-Stake (PoS), there is no competition because an algorithm chooses the block creator based on the user’s stake (the cryptocurrency he owns and uses for stake). There is no reward for adding a block; instead, the block creator takes the transaction fees.
It’s also worth noting that there are public and private blockchains. With the former, anyone has access to the ledger. Typing an address will reveal the current balance, as well as the list of transactions that the address had sent and received. This is the reason why Bitcoin is not considered anonymous.
Recent Blockchain News
The average time required to confirm a Bitcoin transaction has plunged significantly in the past month. Simultaneously, the average transaction
The research and development team of the American newspaper The New York Times has tested a blockchain-based project to address
Well-known cryptocurrency proponent John McAfee recently announced an upcoming encrypted chat application dubbed TeleGHOST. Based on the GHOST blockchain, it
The Vanguard Group, one of the world’s largest index fund management companies, has completed the first phase of a blockchain
Brian Brooks, the former chief legal officer of Coinbase, was recently appointed to serve as the interim head at the
The American multinational technology company Microsoft Corp. has launched a beta version of its open-source, decentralized identifiers (DIDs) network on
The popular blockchain company for capital markets, tZERO, has recorded its strongest month in May 2020 as its alternative trading
Blockchain-based renewable energy startup SunExchange has raised $3 million in a recent funding round to expand its services. The funding
Sekisui House, one of Japan’s biggest home building firms, is set to use Blockchain technology to ease and simplify the