Skip to main content
Tag

blockchain

An online casino which is blockchain-friendly. Casino Brango is bet safe and crypto accepted casino with RTG games and fast payout.

Oct 24
running a full Bitcoin node

New HTC Exodus is Running a Full Bitcoin Node

By News & more No Comments

Mobile phones have long passed the line of gadgets allowing you to make phone calls and surf the net. The latest in the line of awesome phones come from HTC under the name of Exodus 1s. What makes it great is the capacity to hold entire Bitcoin ledger. New HTC Exodus is running a full Bitcoin node and we are presenting it today.

Exodus 1S Overview

There is no doubt that HTC Exodus 1s is something new. If you are just a regular person like me, you may be wondering what running a full Bitcoin node actually means?

First of all, it does not mean that you would be able to mine Bitcoins. This phone would use an SD card that inserts into the phone and can hold the entire bitcoin ledger of transactions. The SD card does not come with the phone and the user would need to buy it separately. In order to grasp the benefits of running a full node on your phone, you would need to understand the idea behind the project.

The idea was to provide for extra layer of privacy and control. This feature should enable holding the records of all bitcoin transactions on your phone. What is it good for? It enhances decentralization of the network and minimizes the possibility of hacking.

It takes a lot of storage, though. The estimated 260 GB has the tendency to spread each year.  This is one of the reasons why most users rely on wallets that only download part of the information relating to validation, while the rest is held by third party websites.  HTC Exodus 1s features its own wallet application, Zion Vault.

Pros and Cons

As stated previously, the feature of running a full Bitcoin node has several benefits. In its essence, it should contribute to the safety of the entire network.

When using a phone with this feature, you are basically excluding third party web sites from the picture. Privacy enhances as well, as the phone user is the only person having access to blockchain.

This phone supports Bitcoin, Ethereum, Litecoin and Binance Coin. However, it can run a full node on Bitcoin only.

Big plus is the price of app. $250 which is far less than the users had to pay for the previous version of HTC Exodus 1.

Downsides include the storage needed to accommodate the data.

HTC Exodus 1s will first be placed in the markets of Europe and UAE.

Do you think that security on digital gadgets has reached its peak?

Oct 22
Bitcoin mining

Texas is Getting the Bitcoin Mining Facility

By News & more No Comments

Chinese company Bitmain has just opened the world’s largest Bitcoin mining facility (a.k.a. farm) in Rockdale Municipal Development District in Texas. Apparently, Texas is getting the Bitcoin mining facility and employment opportunities for hundreds of its workers.

The Project Overview

Chinese Bitmain, a company specialized in blockchain and AI apps, has partnered with DMG Blockchain Solutions. DMG is a software consulting firm and should provide back and front-end hosting for this project. Furthermore, DMG is providing management services as well.

Reportedly, development of the Bitcoin mining facility should increase employment rate in Texas. In other words, Bitmain has planned to open approximately 400 new jobs in Houston in the next two years. This has also been presented as a large investment of $500 million to be placed during the following seven years.

The Importance of the Project

Apart from securing new jobs, the Rockdale Bitcoin mining facility has a much broader importance. Apparently, this is the third cryptocurrency mining project which Bitmain developed in the US. Needless to say, they are doing a great job in promoting the global blockchain and Bitcoin adoption.

As per official news on their web site, Bitmain has plans to work closely with local school district. The goal is to provide training and education on blockchain and Bitcoin mining in general. Consequently, the community will get the necessary knowledge on the subject. That way, they would be able to contribute to new projects in order to make their lives more comfortable.

One of the set goals is to create Bitcoin mining farm of the capacity of up to 300 MW. The current capacity is 50MW.

Moreover, it is no surprise that this project unveils in Texas. Having in mind the fact that many energy companies have their headquarters there, Bitcoin mining should fit nicely.

Other Similar Ventures and Feedback

Today, we are witnessing more and more companies and individuals taking interest in Bitcoin mining and blockchain. Nevada is building smart cities, Blockstream is developing plans for 300MW Bitcoin mining facility in Georgia and Canada as well – just to name a few.

Blockstream’s mining facilities have been in a focus of a Bitcoin 2019 conference in San Francisco. Namely, the experts commented on concerns arising out of the mining centralization. Apparently, it allows miners to choose which transactions go into new blocks instead of the mining pool operators.

They Said About the Project

The project such as the mining facility always raises an eyebrow. The media has a lot of questions, and people in charge of the project gave official statements. Clinton Brown, the Lead Project Manager for Bitmain reportedly stated:

“We are excited to launch this facility, which is significant to Bitmain’s global expansion plans. The stable and efficient energy resources in Texas are fundamental to the inevitable scale of growth for the cryptocurrency mining industry.”

On the other hand, the mayor of Rockdale, John King reportedly said:

“Bitmain will be the future for developing new industrial projects in Rockdale, Texas. We are excited to continue to build partnerships together.”

Do you think mining farms contribute to the development of the community, and would you like to see one in your hometown?

Oct 19
Karma Revero electric vehicle

Have You Heard About Karma Revero Electric Vehicle?

By Lifestyle No Comments

This may not be the fastest car out there, but it certainly screams California! You have heard about Tesla and maybe had a chance to try it out. How about California-based Karma Revero electric vehicle? Reportedly, the luxury car manufacturer , Karma Automotive, now accepts bitcoin. Consequently, the interest is rising and buyers can take a peek at Karma at their stores in Newport Beach.

Karma Automotive Background

For the last 5 years, this company has been in the hands of Wanxiang Group, the Chinese international company producing car components. Before that, Karma Automotive was actually Fisker Automotive. Wanxiang Group bought Fisker for $149.2 million. The latest Karma Automotive release from October 15th, reportedly stated:

“We are opening our platform to serve as a test bed to help convert theoretical blockchain applications to practical use. Karma’s flagship store will support our efforts to prove emerging technology and provide the latest VVIP customer treatment offerings by accepting Bitcoin cryptocurrency.”

Obviously, Karma Automotive is joining the company of Ford, BMW, General Motors, Renault and Honda, JUST TO NAME A FEW. All of these companies have introduced blockchain and started using its immense possibilities in various purposes.

What Does Karma Have in Store?

First of all, Karma can deliver completely customized vehicle. They pride themselves with a great team of in-house designers willing and able to meet the luxury needs of each client.

Secondly, Karma has announced the launch of a new Karma Revero electric vehicle 2020 model. This new generation Revero is the fully upgraded version of a 2016 model. Namely, they improved the performance in comparison to the previous edition. This car features twin electric motors of 536 horsepower. Revero 2020 accelerates from 0 to 60 mph in 4.5 seconds, which is great comparing to the previous 5.4. seconds. The new generator has been set with BMW i8 engine. HV Battery has also been upgraded up to 80 miles of EV range. Notably, this is a 60% improvement comparing to the previous generation.

Karma Revero electric vehicle 2020 will feature redesigned hood, doors, deck lid, body sides, side mirrors, front and rear. The word has it that it will have largest wheels in the competitive set. Either way, one thing seems to be sure. Apparently, Revero 2020 will reflect the California style.

Although this is visible from the exterior, the interior makes for the soul of this Californian beauty. It features finest leather and wood for ultimate luxury experience. There is a front seat ventilation, as well as the heated steering wheel.

Do you think this vehicle could be your karma?

Oct 02
Cardano blockchain

Cardano Blockchain and New Balance Sneakers

By News & more No Comments

US-based footwear manufacturer, New Balance, has announced the partnership with Cardano blockchain. The news was released on Sept. 28th, during the Cardano summit in Sofia, Bulgaria. Cardano blockchain and New Balance Sneakers are teaming up to revolutionize the supply chain.

The Goal of the Co-Operation

As per the statement by IOHK CEO Charles Hoskinson, the goal of this co-operation is to provide proof of authenticity for all New Balance items.  Furthermore, both parties have agreed that the potential of this project is large and that the ultimate aim would be to make this type of co-operation a massive habit.

In further clarification, IOHK’s Tim Harrison reportedly stated:

“IOHK is collaborating with New Balance on an authentication pilot project. This is a consumer-level verification solution which will allow purchasers to confirm the authenticity of footwear on the distributed ledger.”

So far, no details about the very process of authentication have been released. Nevertheless, the blockchain enthusiasts have commented on the news. They speculated that the process would most probably include tagging each item with a cryptographic identifier. Such identifiers are unique, and each buyer would be able to verify them.

In cases like this one, where the manufacturer introduces blockchain to its supply chain, blockchain records each and every detail. Those details include steps in the production, as well as the origins of each component of a product stored on immutable ledger. This also entails noting the date of the production, location, the individual who handled each step of the process, and all other important information.

New Balance in Numbers

New Balance is a company based in Boston Massachusetts. It is one of the reputable brands when it comes to sports footwear. Reportedly, in the last five years the yearly revenue of this company has increased from $2.7 billion in 2013 to $4.1 billion.

The challenges that New Balance is facing include rising number of counterfeit goods. The manufacturers of these products have basically stolen the design and are producing footwear of lower quality under the brand resembling New Balance. Apparently, majority of the copy cats originate from China. Reportedly, New Balance has won a case in front of the Chinese court and received $1.5 billion for damages caused to new Balance by the company that sold the counterfeit goods under the name “New Boom”.

Blockchain in Supply Chain

Blockchain has truly revolutionized the supply chain. The amazing thing is that this is just one of its possible applications. As blockchain technology has entered many industries, the ways it is used across various fields is astonishing.

When applied to supply chain, its main advantage is in fighting counterfeit goods and tracking the items and its components through various destinations and through the entire process of production and sales. Tracking the royalties is also a very important benefit. It helps to keep the records clean and accurate.

Today, blockchain is present in many industries, ranging from fashion to drug production and supply. As a quick reminder, one of the largest online giants nowadays, Alibaba, has joined the blockchain revolution. Reportedly, this company had filed for more than 90 blockchain patents so far. Walmart and Target have also introduced blockchain to their business processes, as well as Louis Vuitton, for example.

US Food and Drug Administration (FDA) has recognized the benefits of blockchain and many pharmaceutical companies have switched to blockchain in order ensure easier tracking of the ingredients of drugs, inventory, better accuracy of data. This also enabled them to fight the black market. Just to make it clear how blockchain is important, allow us to remind you that the pharmaceutical industry worth has been estimated at $200 billion worldwide.

 

Do you ever doubt the quality of goods you buy?

Sep 30
Dash cryptocurrency

DASH Cryptocurrency, a Privacy King

By News & more No Comments

Dash cryptocurrency is not the coin people comment on frequently. However, it deserves a spot on our list of the most powerful cryptocurrencies. It has been present for a while and gained a firm circle of fans. Nowadays, everyone refers to DASH as private, secure and fast. Join us for a story about how this crypto received the nickname of Dash, a privacy king.

History

Dash cryptocurrency was invented back in 2014. The creator was Evan Duffield. What drove Duffield to invent this new cryptocurrency were rare downsides of Bitcoin and the way BTC was processed. Originally, DASH was referred to as XCoin and DarkCoin. Quickly, the name Dash caught its roots and remained till today.

Interesting thing happened upon the very launch of this currency. Namely, 1.9. million coins were mined. This amounted to app. 10% of the intended total supply. The creator, Evan Duffield, claimed this happened due to the bug which appeared when Litecoin code split into forks in order to create Dash. He decided to solve the problem and relaunch the coin. Therefore, Dash was created using the Bitcoin core code and some of the newly added features, enhancing privacy and quick transactions.

DASH Overview

Similarly to Bitcoin, Dash is an open-source. It functions on its own blockchain, has its own wallets and community.

Initial plan was to issue 18 million units of DASH. Nowadays, the price of a DASH is approximately $67.72 and the total market cap is above $613 million. When it comes to mining, it has been estimated that DASH is 4 times faster than Bitcoin.

Circulating supply is 9,064,783 DASH, while maximum supply is 18,900,000 DASH. Dash has a variable block reward which decreases at a 7.1 % rate each year.

Transaction fees when using DASH are close to zero. Moreover, it seems that Dash has the potential of being the true Internet currency.

Notable DASH Features

Dash has certain characteristics that make it quite interesting. This is probably the unique cryptocurrency that enables its users to send funds privately, while blending it in among other transactions. There is an additional, optional feature available for all users. That feature provides for coin mixing service.

The creator of this method was Gregory Maxwell. He looked at the Bitcoin transactions using public addresses and figured out that they may be prone to tracing. In order to secure the ultimate privacy, he thought of CoinJoin method. It combines several payments from various senders and makes one unique transaction. This method disables third party tracking of any transaction, because it is extremely difficult to match the exact sender with the proper recipient.

Additionally, Dash enables the users to send the funds instantly. And instantly means 1.5 seconds. InstantSend is a feature of a Dash protocol which enables Dash to outplay the existing payment platforms which are centralized, such as VISA, for example. Its top-notch performance is truly instant.

On the other hand, Dash is unique in one additional matter. It features MasterNodes, the servers that rule the entire process.  These are computers running a Dash wallet and making decisions, locking transactions with InstantSend, coordinating mixing of coins, voting on funding, etc.  Approximately 2 DASH is the fee that goes to MasterNode on weekly basis. Dash is the first cryptocurrency that implemented the MasterNode to its protocol.

Have you had any experience with Dash so far?