As of October 28, 2016, Zcash is a reality! Anybody with Internet access can download the software, connect to the global decentralized network, and send and receive payments, without exposing their confidential transaction metadata to the world.
Vitalik suggested last week that I share my basic research and design philosophy in a blog post, I agreed but complained that it was still changing. My friend Jon West told me that everyone would really appreciate it if I told everyone about my Casper research, I mostly agreed. Then someone on reddit told me to focus on Ethereum.
A couple weeks ago, I was pointed to this whitepaper (h/t @squarelyrooted) by law firm Norton Rose Fulbright that asks, Can smart contracts be legally binding contracts? I was totally gonna read it and post a summary, except that I couldn’t manage to get past the first page without vomiting.
I’ve noticed a great deal of schadenfreude related to the R3 bump. Lots of people saying that blockchain is past its sell-by date, R3 are bust and distributed ledgers are dead. I think it’s related to the journalists who, having delighted in bigging up blockchain big time for the past two years are now relishing the idea of trashing it but come on guys, blockchain is far from dead. It’s just entered the trough of disillusionment.
Back in 2000, B2B consortia marketplaces were all the rage. They quickly became popular in every industry segment possible. The premise was that the Web could enable a new level of collaboration among industry players to streamline business-to-business transactions, and eliminating redundant processes.
When people ask, “What is Hyperledger?”, the answer I give is always “Do you mean The Linux Foundation Hyperledger Project, or do you mean one of the ledger technologies confusingly called Hyperledger Fabric?”. The first is a group of people, the second other is a bunch of code.
We rely on economic theory to discuss how blockchain technology and cryptocurrencies will influence the rate and direction of innovation. We identify two key costs that are affected by distributed ledger technology: 1) the cost of verification; and 2) the cost of networking. Markets facilitate the voluntary exchange of goods and services between buyers and sellers.
R3 is a Blockchain technology company that leads a consortium of more than 70 banks/financial institutions. It took them more than one year to build and release a prototype of Corda. Let’s dive in and see what Corda is and how we can use it.
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