Crypto News: Weekend Update (06/24/2017)

in #bitcoin7 years ago

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Bitcoin Mining Proposal Support

Bitcoin

Top Secret? Bitcoin Scaling Plan Segwit2x Leaves More Questions Than Answers (Coindesk)

But, while Segwit2x is perhaps the most widely-supported scaling agreement among companies and mining pools following years of debate, some have argued that key decisions are being made by an insular group of companies.

Bitcoin speculators are the new day traders (CNBC)

Younger, tech-savvy people are also more likely to play the digital currency markets and the high risk involved, Sunnarborg said. He estimates that about two-thirds of investors in cryptocurrencies are under age 40.

Ethereum

Analyzing Ether: A Bitcoin Investor's Skeptical Take (Coindesk)

It's unused (and arguably not quite usable yet) as a general transaction currency; it's too uncertain to be trusted as a secure store of wealth; and it has a derived value that appears almost entirely dependent on legally dubious ICOs that can’t go on forever. Ether as a currency, I fear, is misunderstood by many, and compared to bitcoin at least, substantially more risky and overvalued.

Blockchain

Like Internet, Blockchain is Encroaching into Every Part of Human Existence (The Cointelegraph)

Globally, there is a huge demand for transparent and honest elections. People are tired of having their politicians selected from them rather than elected. At Borderless Corp, we designed VoteLock as the first immutable and transparent voting booth for open democracies. We believe every vote matters because you matter. – Christopher Franko, CEO of Borderless Corporation

Visa Hiring Blockchain Engineers To Build New Payment Gateway (The Cointelegraph)

A recent job posting from Visa stated that the enterprise level corporation is actively seeking an experienced Blockchain engineer to “work with technology teams to understand the business demand and ensure design and build of solutions creates or leverages cross-asset concepts and frameworks.”

What is Proof of Elapsed Time? (The Merkle)

A few years ago, Intel came up with an interesting consensus algorithm which may find its way to cryptocurrency at some point in the future. This concept is known as Proof of Elapsed Time, which is quite interesting to keep an eye on. The goal is to properly achieve distributed consensus in an efficient manner. Whether or not any cryptocurrencies will ever incorporate this technology, remains to be seen though.

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