At press time, the Bitcoin network is currently facing a backlog of over 135,000 unconfirmed transactions and fees have soared. This comes days after the proponents of the SegWit2x scaling solution announced they wouldn’t move forward with a doubling of Bitcoin’s block size due to lack of consensus. Since larger blocks are clearly...
When hurricane Irma struck, it left a path of chaos and destruction in its wake stretching from Antigua and Barbuda to Saint Martin, Anguilla, Turks and Caicos, the Bahamas, Cuba, and the United States. The storm, which lasted from August 31 to September 11, stretched across 650 miles and...
It seems that Blockchain technology is becoming ubiquitous among financial and technology spaces these days. With a huge adoption curve, the new technology space is quickly finding use cases in a number of industries. The latest addition to the Blockchain revolution is insurance, as a group of fourteen European insurance providers have partnered together...
This is an exciting time for Blockchain and there is no shortage of hype. Over the past few months there has been a barrage of blockchain news and the BitCoin price has made it into the coverage of the traditional media. There’s also been interesting practical developments such as Axa...
Blockchain, which is the technology and electronic ledger behind the leading cryptocurrency Bitcoin, and Hashgraph wants to jockey for a position in that role in the cryptocurrency scene. There is certainly a lot of hype surrounding this latest technology, but does Hashgraph really have the potential to overtake the stalwart blockchain? Mance Harmon,...
Waves, a global public blockchain platform founded last year that completed its Initial Coin Offering (ICO) in June 2016 raising over $16 million (c.30,000 bitcoin (BTC)), is implementing new technology to enable the network to process “thousands of transactions” per minute and become the fastest decentralized blockchain platform in...
Russia’s Federal Agency for Tourism head, Oleg Safonov, has claimed that Blockchain technology has the capability to transform the country’s tourism industry. He further stated that the sector is on the verge of transformation from new emerging technologies like Blockchain. In his speech at the Kazan Tourism Forum 2017 in early November,...
It is one of the fastest growing technologies around, but the majority of blockchain projects are abandoned within months, according to researchers. More than 26,000 open-source blockchain projects were created on the software collaboration platform GitHub in 2016, research by auditing giant Deloitte has revealed. But despite the overwhelming amount of...
Virtual reality firm YDreams Global Interactive Technologies has become the latest member of the Linux Foundation-backed blockchain consortium Hyperledger. With the move, the company joins other other recent additions to the blockchain group, including search giant Baidu, Tradeshift, Bosch and Oracle, among others. The announcement comes as the firm also reveals that it is expanding its blockchain,...