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Category: BlockChain Technology

Putin’s Advisor Plans $100 Million ICO for Bitcoin Mining Farm in Russia

Putin’s Advisor Plans $100 Million ICO for Bitcoin Mining Farm in Russia

At a time in which Russia prepares to legalize Initial Coin Offerings (ICOs), a company co-owned by Russian President Vladimir Putin’s internet ombudsman Dmitry Marinichev reportedly plans on raising as much as $100 million through an ICO, in order to help Russian entrepreneurs challenge China’s bitcoin mining supremacy. The company, Russian Miner Coin (RMC) is going to issue tokens in exchange for Bitcoin and Ethereum, so as to use the funds to build mining infrastructure in Russia. RMC token holders will…

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80% of banks are developing their own blockchain technology.

80% of banks are developing their own blockchain technology.

Today, around 80% of banks are developing their own blockchain technology. In September 2016, Barclays carried out the world’s first trade transaction using blockchain. They cut a process that normally takes 7–10 days down to less than four hours. IBM is working with the government of Dubai to develop smart contracts that can facilitate all trade that passes through its port. This is huge, given $344 billion worth of goods passed through the port in 2016. Dubai’s government said it plans to shift all…

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Nimiq, the World’s First Browser-Based Blockchain, Wants to Unleash the Full Potential of Blockchain Tech

Nimiq, the World’s First Browser-Based Blockchain, Wants to Unleash the Full Potential of Blockchain Tech

ave you ever tried to tell someone about bitcoin and blockchain technology? If so, chances are the other person wasn’t really excited about it, found it confusing, or didn’t really understand what the big deal was. As a matter of fact, as soon as you tell most people about a decentralized digital ledger that records data over time, is publicly available, and can’t be deleted, they just start looking at you funny. Describing the technology’s advantages doesn’t seem to work,…

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Intro to Programming Smart Contracts on Ethereum

Intro to Programming Smart Contracts on Ethereum

Some people say Ethereum is too logic-heavy and hard to use, but here’s a write-up to give you a feel for building smart contracts and applications with it. Tools, wallets, applications and the ecosystem are still in development and it’ll get easier! Part I is an overview of key terms and discusses Ethereum Clients and Smart Contract Languages. Part II discusses overall workflow and some current DApp Frameworks and Tools and Part III is the Programming Part, a quick walkthrough…

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Moody’s new report identifies 25 top blockchain use cases, from a list of 120

Moody’s new report identifies 25 top blockchain use cases, from a list of 120

Moody’s Investors Service (MIS) recently released a detailed report that names 120 blockchain projects being explored by various companies. The bond credit rating business then offers 25 top use cases for blockchain technology. The report, “Credit Strategy — Blockchain Technology: Robust, Cost-effective Applications Key to Unlocking Blockchain’s Potential Credit Benefits,” explores how blockchain tech potentially can improve record-keeping and transactional efficiencies across many different processes and industries. A prime example is capital markets, where the technology could be used to…

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Solidity for Smart Contracts

Solidity for Smart Contracts

Smart contracts are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary.  Proponents of smart contracts claim that many kinds of contractual clauses may thus be made partially or fully self-executing, self-enforcing, or both. For More details please visit https://blockgeeks.com/guides/smart-contracts/