Tuesday, October 8, 2024

Blockchain News

Blockchain is an innovative new technology that many believe will be as impactful and revolutionary in this world as the internet. Due to its disruptive potential, blockchain has become a hot topic spurring conversations at the highest levels, including in the U.S. Congress and at the United Nations.

Invented in 2008 by an anonymous person or group under the name Satoshi Nakamoto, blockchain became the public transaction ledger for a new type of currency – a cryptocurrency. Nakamoto’s creation of blockchain for Bitcoin enabled the cryptocurrency to operate free from the control of any central authority. This gave Bitcoin some unique properties not previously seen in any other payment system.

Since blockchain’s introduction to the world through Bitcoin, developers have taken the technology and applied it in countless projects. Today, thousands of cryptocurrencies exist that utilize blockchain technology, looking to either serve a similar purpose to Bitcoin or something different. Blockchain use is also being explored and applied in various industries, including gaming, healthcare, supply chain management, financial services, digital identities, energy markets, and more.

There are three main types of blockchain, public blockchains, private blockchains, and hybrid blockchains. Public blockchains are open and unrestricted, allowing anyone to send transactions or become a validator. Private blockchains are restricted, so participants need permission from network administrators to be able to use it. Hybrid blockchains share the characteristics of both public and private blockchains. This allows the developers to determine which information is kept private and what is public.

As the blockchain industry grows and develops, the problems its solves and the solutions it brings will become more significant. Here at [blokt], our professional journalists stand ready to report on any major developments that involve blockchain. You can find the latest stories here in our Blockchain News section. Likewise, you can also browse our ‘Blockchain Guides’ section for a list of helpful guides and in-depth articles on blockchain technology.

Monad: Ushering a New Epoch in Blockchain Technology

Monad represents a transformational shift in decentralized applications and blockchain technology. By unlocking unprecedented scalability and optimizing processing efficiency in a decentralized manner, Monad...

V SYSTEMS and X-VPN Revamp TCP/IP to Launch Blockchain-Powered Internet Protocol

V SYSTEMS and X-VPN have co-launched Tachyon, a blockchain-powered internet protocol. X-VPN is a leading VPN service that boasts 50 million active users, with its...

The Tezos Foundation Issues 14 New Ecosystem Grants to Projects

Today, the Tezos Foundation announced the issue of 14 new grants to various ecosystem projects that submitted proposals to the Foundation’s recent ‘request for...

QRL, Making Cryptocurrencies Secure Against Quantum Computing Attacks

As our computing power increases, we edge ever closer to "quantum" computers, machines capable of solving complex problems using quantum mechanics, which traditional "bit"...

Multisig Crypto Security Company Casa Expand Team With New Product Lead...

Casa, founded in 2018 by Jeremy Welch - now CEO, is a blockchain company focused on providing financial self-sovereignty and leading security for Bitcoin...

BLOCKv Announces Partnership With Publicis Groupe, the World’s Third-Largest Media Agency

Jon Knight, the VP of Business Development and Partnerships, officially announced in the BLOCKv community telegram group that the company had signed a “formal...

Coinbase Users Can Now Earn DAI by Learning About the Stablecoin

United States-based cryptocurrency exchange, Coinbase, has announced that its customers can earn DAI tokens if they watch lessons and take quizzes about the stablecoin...

Major Banks Join Hands to Develop Cryptocurrency for Overseas Money Transfers

Blockchain technology just got a major boost after 14 major financial firms led by the Swiss multinational investment bank UBS Group AG came together...

Royalty Interests for Beyoncé and the Weeknd Songs Sell Out on...

Vezt, a music rights app developed on a blockchain has announced that it sold royalty interests on Beyoncé and The Weeknd songs faster than...

Block.one Releases EOSIO Explorer Interface to Improve Developer Experience

EOSIO Labs, an innovation hub established by Block.one announced the release of its EOSIO Explorer. The Explorer is a new web-based graphical user interface...