Bitcoin is currently trading at over $1250 and if you are someone who invested a grand in bitcoins back in 2011, your investments are potentially worth over $600K. The most valuable contribution of the bitcoin community is not in the financial returns itself, but in the introduction of blockchain technology.
Blockchain is a peer-to-peer (P2P) distributed ledger technology that enables transparent transactions. Satoshi Nakamoto’s pioneering work in using Proof-of-Work (POW) for solving the double spending problem sparked a worldwide interest in the field of distributed, trustless consensus systems. Although POW is not a new idea, the way Nakamoto utilized it
From Decentralized Model Exchanges to Model Audit Trails [This is based on a talk I first gave on Nov 7, 2016. Here are the slides.] In recent years, AI (artificial intelligence) researchers have finally cracked problems that they’ve worked on for decades, from Go to human-level speech recognition. A key
Despite some ups and downs over the years, Bitcoin is still hanging round as an alternative currency. There are those who still believe that the future is bright, and that Bitcoin may just represent the future of money. Indeed, we’re still pretty early in the life of the leading cryptocurrency.
We have already learned the basics of the blockchain cryptocurrencies (like Bicotin) in WTF Is The Blockchain? A Guide for Total Beginners. Cryptocurrency exists solely in digital, and the chain is completely decentralized, enabling it to never just “go down.” Transfers are verified by the hard work of miners, who
Blockchain: the single most confusing term since Bitcoin. Everyone has a vague idea of what it does. It’s either the ultimate evolution of financial technologies, or a silly fad that can be summed up in the disconcerting phrase: “dogechain.” In reality, major companies around the world have already shown favor
The global securities market is worth more than $100 Trillion. Any technology that would add efficiencies to the exchange, settlement and reporting of transactions happening in this market should be welcome. Blockchain has been in the news recently because, it has the potential to disrupt this industry through the use
Almost a year ago, when I was reading about sharing economy and impact investing, I came across the term “collaborative capitalism”. I felt that the world was adjusting itself between capitalism at one end and communism at the other, and now blockchain technology has the potential to take it one step closer to
“I strongly prefer looking forward. There’s so much to build!”: An Interview With AI Researcher Trent McConaghy
Trent McConaghy has been doing AI and ML research since the mid 90s. He co-founded ascribe GmbH, which enables copyright protection via internet-scale ML and the blockchain. Before that, he co-founded Solido where he applied ML to circuit design; the majority of big semis now use Solido. Before that, he