Posts

Showing posts with the label cryptocurrencies

Interesting Applications of the Blockchain

In an earlier post, I discussed why the blockchain is important and you should get familiar with it . More and more articles are starting to pop up, each mentioning some startup or project applying blockchain technology to address an issue . Below are three that caught my eye this week: How One Startup Will Use Blockchain Tech to Disrupt Online Gaming Play, a Chinese/international startup team that plans to disrupt the incumbent online game industry using blockchain tech to remove trust, has recently 'gone public' as a decentralized autonomous company (DAC) on crowdfunding platform DACx.com. In its prospectus, Play claims it offers a third-party verifiable mechanism to ensure true randomness and fairness for gamers by placing the games' logic on a blockchain. This would remove the need for trust in centralized institutions, it says . I like the idea of using the blockchain to verify randomness. Implemented correctly, this approach not only provides untainted rand...

Of Blockchains and .NET

CoinDesk.com's article " How Bitcoin Mining Works " is one of the best articles I've seen describing the mining process and the how's and why's of the blockchain. Another article I found quite informative despite its cheesy title is " By reading this article, you’re mining bitcoins ". And, of course, there's plenty of other articles describing the basic idea but few spend as much time as the articles above when it comes to "this is specifically how it works". Put another way, I read the articles above and said, "Okay, now I know enough to stub out a program to -- at least in theory -- do mining and otherwise explore cryptocurrencies and their underlying concepts and technologies. The Blockchain and its Potential I've mined litecoin off and on and FeatherCoin much more. At the time, both seemed more accessible than Bitcoin and while I garnered a handful of coins I knew even then it probably wasn't worth the electr...