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Archive | January, 2018
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Long Blockchain Corp. (formerly Long Island Iced Tea Corp.; NASDAQ: LBCC) is an American corporation based in Hicksville, Long Island, New York. Its wholly owned subsidiary Long Island Brand Beverages, LLC produces ready-to-drink iced tea and lemonade under the “Long Island” brand. The company’s first product was made available in 2011.
In 2017 the corporation rebranded as Long Blockchain Corp. as part of a corporate shift towards “exploration of and investment in opportunities that leverage the benefits of blockchain technology” and reported they were exploring blockchain related acquisitions.
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Revolut, a trading name of Revolut Limited, is a digital banking alternative that includes a pre-paid debit card (MasterCard or VISA), currency exchange, cryptocurrency exchange (Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC)) and peer-to-peer payments. Revolut currently charges no fees for the majority of its services (but for a capped usage, see “fees” section), and uses interbank exchange rates for its currency exchange on weekdays, and charge a markup from 0.5% to 1.5% on weekends . The Revolut App gives you instant access to Bitcoin, Litecoin and Ether by exchanging to/from 25 fiat currencies.
The London-based startup was founded by Nikolay Storonsky and Vlad Yatsenko and currently supports spending and ATM withdrawals in 120 currencies and sending in 26 currencies directly from the mobile app.
The company is based in Level39, a financial technology incubator in Canary Wharf, London.
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Consensus Systems, better known as ConsenSys, is a blockchain software technology company founded by Joseph Lubin.
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The following is a list of cryptocurrencies (both current and “dead”) that use the scrypt hashing algorithm.
Auroracoin (AUR)
Digibytes (DGB)
Swagbucks (BUCKS)
Dogecoin (DOGE)
Litecoin (LTC)
Gulden (NLG)
Nyancoin (NYAN)
Titcoin (TTC)
Verge (XVG)
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Satoshi Nakamoto is the name used by the unknown person or people who designed bitcoin and created its original reference implementation. As part of the implementation, they also devised the first blockchain database. In the process they were the first to solve the double-spending problem for digital currency. They were active in the development of bitcoin up until December 2010.
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Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin (₿), Bitcoin Cash, Ethereum (Ξ), Litecoin (Ł) and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
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A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority. This security property is inherent the cryptographic chain relationship, and does not itself require or result in a cryptocurrency.
Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing, documenting provenance, food traceability or voting.
The first blockchain was conceptualized in 2008 by an anonymous person or group known as Satoshi Nakamoto and implemented in 2009 as a core component of bitcoin where it serves as the public ledger for all transactions. The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.
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BTC Market segments is a sizable cryptocurrency exchange located in Melbourne, Australia. BTC Marketplaces accepts Australian us dollars, Litecoin, and Bitcoin in trade for Bitcoin, Litecoin, Ethereum, Ethereum Old classic, and Ripple. BTC Market segments uses various security steps, including know your customer types of procedures and two-factor authentication.
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Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014. The system went live on 30 July 2015, with 11.9 million coins “premined” for the crowdsale. This accounts for approximately 13 percent of the total circulating supply.
In 2016, as a result of the collapse of The DAO project, Ethereum was split into two separate blockchains – the new separate version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC). The value of the Ethereum currency grew over 13,000 percent in 2017.
