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Gig Economy: Could Blockchain Empower Workers?
The global economy has relied on permanent employment as the main source of labor since the industrial revolution of the 19th century. Silicon Valley is changing that through short-term contracting or freelancing platforms such as Uber, Lyft, Upwork and Airbnb. In October 2016, Forbes reported: Freelancers now make up 35% of U.S. workers and collectively […]
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Cryptolockers: The Latest and Greatest Threat to You and Your Business
What Is a Cryptolocker? A Cryptolocker is a high-level computer virus, usually circulated in the form of an attachment, disguised to look like an Auspost email notification or invoice such as an energy bill. Opening or downloading the attachment will lead to you having all your data encrypted and leaving you 3 days to pay […]
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Blockchain Could Stop Third Most Lucrative Organized Crime
While some media like to focus on Bitcoin’s connection with dark markets, the technology could actually make legal markets more secure. For example, it could protect the art market from the world’s third most lucrative crime—art forgery.
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Why Have Bitcoin Micro-Tipping Platforms Failed?
Eight months after ChangeTip launched, Emin Gün Sirer wished it dead. He also asked us all to celebrate its demise when it happened. Sirer is an IT security expert, commentator and professor at Cornell University. In a blog post titled “ChangeTip Must Die” published in December 2014, Sirer stated that the death of ChangeTip was […]
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How to Decide What Size Bitcoin Transaction Fee to Attach
The choice to attach a small fee for miners every time you send bitcoins is slowly going from voluntary to mandatory. Miners are already taking longer to confirm transactions that lack sufficient fees.
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SegWit Goes Beyond Scaling Bitcoin
Segregated Witness (SegWit) does more than condense transaction data that goes into the Bitcoin block. Marek “Slush” Palatinus, architect of the hardware wallet Trezor, pointed this out when he said: “Segregated Witness is not just about scaling. There are other issues with Bitcoin under the hood, and SegWit opens potential for applications and use-cases that […]
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Four Lessons to Learn From the Ethereum Hard Fork
Someone exploited a code loophole on the Decentralized Anonymous Organization (DAO) and hijacked close to $50 million. It took an Ethereum hard fork to claim back the funds.
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Public and Private Blockchains: There is A Place For Both
Everyone is building a blockchain solution. Ok, not actually everyone. But many have fallen in love with the Bitcoin code; some are copying it, and others are building on top of it. The first copycats of the blockchain resulted in basically complete clones of Bitcoin. That’s how altcoins like Litecoin, Dogecoin and Namecoin came into […]
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Here are Answers to Questions You Might have on DAO
As June 2016 got underway, there was a new attraction in the crypto space. And that was DAO (Decentralized Anonymous Organization). This entity had raised about $150 million from excited investors online. Everyone couldn’t wait to see it go live. And then the unexpected happened. On the 16th June 2016, a hacker exploited weakness on […]
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