Outside the blockchain - News 18th of February

fisker (49)in #crypto • 7 years ago (edited)

This is a summery of the news in the cypto world i think is worth a read.

I predict that in 10 years blockchain technology will improve to a level that calling it "blockchain" will no longer be a useful term.

Let's think about this a moment. Why do we call it a blockchain? The three most interesting parts of the blockchain are:

Consensus mechanisms

Management mechanisms (meta-consensus of how to manage future improvements to the overall chain)

The structure of the blockchain itself

Crypto Regulation? Not Anytime Soon, Says White House Official

"We are worried. There are benefits to the bitcoin concept - digital cash, digital currencies," he said. "But at the same time, if you look at the way bitcoin works after there is a criminal act that takes place, you can't rewind the clock and take back that currency."

"We haven't figured that out yet," he added, "so it's a problem."

Switzerland Lays out Guidelines in Support of ICOs

Our balanced approach to handling ICO projects and enquiries allows legitimate innovators to navigate the regulatory landscape and so launch their projects in a way consistent with our laws protecting investors and the integrity of the financial system

Paying Your Taxes With Bitcoin or Litecoin May Soon Be a Possibility in This State

On Feb. 8, the Arizona Senate passed a bill (SB 1091) by a 16-to-13 vote that would allow its residents to pay their income taxes using bitcoin or other cryptocurrencies recognized by the state's revenue authorities, beginning in 202

Dogecoin Is Helping Ethereum Solve Its Biggest Issue

On that date, the much-anticipated technology truebit successfully sent dogecoin to ethereum's Rinkeby testnet, where it became a distinct asset on that blockchain. A historic first, the transaction marked the completion of a years-long project developers see as a stepping stone toward the interoperability of crypto assets more broadly.