Tag: Ethereum (ETH) Blockchain

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Google Ex-CEO Believes That Ethereum (ETH) Blockchain Is The Most Promising In The Crypto Market

The Google ex-CEO, Eric Schmidt pointed out that Ethereum (ETH) is a blockchain of greater potential than others, especially for its flexibility to construct multiple solutions on its network, a case of extremely significant use that other projects of this nature lack.

Schmidt stated that during a live interview with the economist Tyler Cowen, which was organized by Village Global in the city of San Francisco, in the United States. When asked if he considered blockchain technology as overvalued or undervalued, Schmidt assured that its public use is overrated, but its more technical implementation is undervalued.

According to him, nowadays the blockchain technology is beneficial for the financial exchange, having successful public examples like Bitcoin (BTC), but also being a fundamental part of private banking transactions, when it is necessary to solve trust problems between the parties.

Google Ex-CEO Believes That Ethereum (ETH) Blockchain Is The Most Promising In The Crypto Market

“I think one of the most exciting things that are happening is the beginning of the construction on the blockchains; the most obvious example is the capacity of Ethereum (ETH). And if Ethereum manages to find a way to make a global synchronization of that activity, that’s a pretty powerful platform. That’s a really new invention,” said Eric Schmidt, Google Ex-CEO.

“Bitcoin (BTC) is a remarkable cryptographic achievement. The ability to create something that is not duplicable in the digital world has enormous value,” Schmidt said at the time. Julian Assange, the creator of Wikileaks, would have been the one who introduced Bitcoin (BTC) to Schmidt in 2011, as he admitted, urging him to use BTC.

At Google, co-founder Sergey Brin, as well as the current CEO, Sundar Pichai, have both declared themselves interested in cryptocurrency, and even their children, although minors, already mine Ethereum (ETH).

Other technology enthusiasts have also admitted themselves as cryptocurrency fans. For example, Twitter CEO Jack Dorsey even went so far as to say that he hopes Bitcoin (BTC) would become the Internet’s native currency.

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Canada Launches Its Own Blockchain Explorer On The Ethereum (ETH) Blockchain

Canada National Research Council, through its Industrial Research Assistance Program (NRC-IRAP), announced that it has successfully implemented its Ethereum (ETH) blockchain explorer for the transparent administration of grants and other government contributions. Through a press release, the Council reported that the application was developed by startup Bitaccess, Inc., and maintains it hosted in its file system, known as InterPlanetary or IPFS.

The Council’s goal is for users to use the platform to access grant information and test the use of distributed ledger technology (DLT) to search for grants in Ethereum (ETH) blockchain instantly.

“Since its launch, NRC-IRAP has explored new ways to expand its blockchain experiment and reliably share data with the public. The program now hosts your block string browser application in the File System (IPFS),” said the National Research Council of Canada in a statement.

Meanwhile, Bitaccess reported in a statement that to develop this project have implemented Catena Blockchain Suite, a tool that supports the browser itself in the local file system.

“The browser application is similar to a search engine, allowing users to instantly find Ethereum (ETH) blockchain to obtain the information that is being actively published,” the company added.

Canada aims for more transparency on cryptocurrency, especially regarding the Ethereum (ETH) blockchain

The Government of Canada announced last January that it was going to experiment with Ethereum (ETH) blockchain in real time with the aim of making available the data on subsidies and third-party contributions made to the Canadian government. The NRC-IRAP made one of these main proposals.

Canada has shown a great interest in developing cryptocurrency technology for sectors as diverse as agriculture and ICO regulation and has also considered issuing digital assets.

Blockchain explorers are tools that users can employ to query operations and events in a specific blockchain. That is because each transaction’s data is recorded and protected in the blockchain, meaning that any party involved can consult the information without changing it.

Among the data that can be consulted in the blockchain explorers are the following, there are the date and time of the transaction, block height, transactions, confirmations, the amount of cryptocurrency involved, as well as the amount of memory occupied by the transactions inserted in the same block.

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EOS (EOS) Ranked The #1 Blockchain In China – Bitcoin (BTC) Is Not Even In Top 10

China Electronic Information Industry Development (CCID) updated its rankings regarding cryptocurrencies and blockchain technologies. Previously, the Ethereum (ETH) blockchain was considered the best, but this week Chinese think that EOS (EOS) is the #1 blockchain in China. What’s interesting is that Bitcoin (BTC) is not even in top 10.

However, the decision to list EOS blockchain as the best in the cryptocurrencies market is somewhat bizarre, given the recent events surrounding EOS (EOS).

First, some critical bugs forced EOS team to pause the network and 27 accounts were frozen without notice during the process. Then, Professor Emin Gun Sirer from the Cornell University, as well as the famous smart contracts engineer Nick Szabo, vehemently criticized the EOS blockchain.

But these events and negative critics couldn’t stop the Chinese government’s body to list EOS (EOS) as the best blockchain in the world.

EOS (EOS) ranked the #1 blockchain in China, while Bitcoin (BTC) didn’t make it in the top 10

We know that there is no such thing as perfect rankings when it comes to blockchains. It’s not like listing cryptocurrencies by market cap or trading volumes which are calculable things, that’s known and accepted. The primary reason why blockchains can’t be adequately ranked is that they can be cataloged in at least a dozens of categories, including smart contracts, crypto payments, apps blockchains, bank protocols, PoS, utility blockchains, and so on.

But the CCID ranking is very off-track because it lacks some elementary knowledge about blockchains. Under the hood, the index could be based on general criteria such as proof-of-stake (PoS), consensus algorithm, or the ability to process transactions, among others, but what they show is that they categorize blockchains by technology, applicability, and innovation.

Thus, this ranking is a mistake only because EOS (EOS) network relies on Ethereum (ETH) blockchain, so, if Ethereum shuts off, EOS blockchain dies, too. Also, the high score EOS blockchain received under “innovation” criterium is also wrong because that is thanks to Ethereum blockchain, once again.

Don’t get me wrong here, EOS is a great project and its PoS is one of the best in the cryptocurrencies market, and, in other news, EOS (EOS) has recorded the most significant increase today between the top 10 cryptos, surging by about 13%, at the moment of this writing, trading at $8.46.

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Ethereum (ETH) Officially Announced The Release Of Swarm Client v0.3 PoC With New Features

This Thursday, June 21st, Ethereum (ETH) social networks announced the release of Swarm Client v0.3, its third proof of concept (PoC), which includes new and experimental features, including a node-to-node messaging protocol.

As reported on the Ethereum (ETH) official blog, Swarm Client is a service that uses the SWAP protocol and provides API (Application Programming Interface) for uploading and downloading content to the cloud. Web services will be dispensed with through Swarm, as URLs can be used to host websites and decentralized applications (DApps) and can be used as a decentralized and distributed storage solution using Ethereum’s public registry.

The vision is of a new Internet that has no downtime and offers resistance to censorship, but is also economically self-sustaining thanks to an integrated incentive system.

Official Ethereum (ETH) blog

PSS (Postal Service over Swarm) is one of the new features included in the new Ethereum (ETH) Swarm Client v0.3 update

PSS is an experimental messaging protocol, which uses the same P2P connections used for data storage and delivery, to send messages from node to node. Swarm expects this infrastructure to be the basis of an entirely new internal communication system.

Another new experimental feature in this third proof of concept is the Mutable Resource of Swarm that facilitates access to changing content, as Swarm has integrated with the Ethereum Name Service (ENS), in the Ethereum (ETH) blockchain.

Also, this third proof of concept included a utility called FUSE, which will allow users to integrate Swarm data directly into their local Linux and Mac file systems and ensure automatic synchronization with Swarm.

The new Swarm Client v0.3 also offers a built-in encryption system to provide secure loading of private data. The version is available on the public test network and provides interested parties with the technical details of this update in the Swarm Guide. Also noteworthy is that Ethereum (ETH) is the second blockchain project in the cryptocurrencies market by market capitalization.

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