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Showing posts from July, 2019

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Polkadot: The interoperability blockchain network

on July 06, 2019

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What Will Happen If Bitcoin Win ‘Gauge War’ of Digital Payments?

Bitcoin is one most promising and potential technology that is often described as the future of digital payments. With BTC permission less blockchain, there are arguments about different things that can reduce the margin and power of the trusted intermediaries like banks. As digital age advances, so is your fear and hate towards monopoly, mainly one that is obnoxious in our alluring future. No matter, it can be our illusion. It is not just the use cases that is limited, but more and more implementations on blockchain. These are the type of centralized shared BTC database, which is controlled only by the trusted intermediaries. Is It Some Kind Of Revolution? There might be the change in lingo and rhetoric, only for selected activities like managing supply chains and financial transactions Reality is quite same to what happened before when bitcoin came in existence. The arrival & disruptive potential Bitcoin represented vaguely and pushed various industries to explore an ...

What are Payments without invoice? Is it real?

Can even anyone even think of getting a Bitcoin Lightning Network payment and not getting an invoice? Sounds Real does it? Yes it is. But this is something that is upcoming. Let us learn something more. Lightning Network is a new creation in world of bitcoin and is building up. General trend is an invoice is always required for payments, which is not suited every time. Developers are looking for solutions to overcome this. Developers are working on a new concept where you invoice and pay to yourself. This method is left with intended recipient; this is a completely considered as a forwarding fee which is overpaid. This circular method is working with Lightning node So basically just to make it simple, there is a self generating invoice and there is no need for the payee to wait for it. They are just added for dropping off the fee. What about the risk? This is hack and there could be some serious implications and failure a is risk and fees are not clearly visible to ...

Warren Buffett investment chief Call Bitcoin A ‘noxious poison’

Bitcoin is going towards $10,000 again, notwithstanding comments from the US billionaire Charles Munger who described the digital currency as “noxious poison.”The vice-chairman of Warren Buffett’s investment firm Berkshire Hathaway said he weighed the bitcoin craze to be “totally foolish.” Addressing at the annual conference of the US publishing firm Daily Journal, which he chairs, in Los Angeles on Wednesday, Munger said: “I never contemplated for one second having anything to do with it. I detested it from the instant it was purposed. It’s just disgusting. Bitcoin is a deadly poison.” Bitcoin is surging towards $10,000, a level it has not seen since 1st February. It first touched $9,977 on Thursday and is presently trading at $9,580, up nearly 1%. Charles Munger called for a government crackdown on the cryptocurrency, similar to the one in China, saying: “Our government’s more lax approach to it is wrong. The right answer to something like that is to step on it real hard.” Bitcoi...

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