In our “Blockchain” section, we explore the technology behind cryptocurrencies and decentralized systems. Here you will find explanations of how blockchain works, its real-world applications, and the latest developments in distributed ledger technologies. Read the “Blockchain” section on ForkNews to understand how blockchain is transforming digital infrastructure and finance.
Blockchain will no longer be a pilot technology. The practical capabilities of a distributed ledger allow you to store digital records, create smart contracts and conduct efficient monetary transactions. Because of this, there are many real-world applications for it, from the financial sector to logistics and healthcare.
The decentralized cryptocurrency network Bitcoin Cash has undergone an update. The opcode, which increases the block size to 32 MB, was activated on May 15. As part of this fork, only software updates are carried out. This is a hard fork associated with a major update and development of the network, similar to a soft fork.
On May 17, China's Ministry of Industry and Information Technology published a ranking of blockchains in the global cryptocurrency market based on three criteria: technology, application and innovation. The top five were Ethereum, Steem, Lisk, NEO and Komodo, all of which use smart contracts to efficiently and securely process information in a decentralized system.
Electronics corporation IBM announced that it has signed a partnership with environmental fintech startup Veridium Labs to issue a cryptocurrency token on the Stellar blockchain. The initiative, unveiled Tuesday, will tokenize carbon credits, allowing polluting companies to offset environmental damage.
Cloud computing services company Amazon Web Services, in collaboration with blockchain project incubator Consensys, will launch a new platform, Kaleido, on which businesses can build their own blockchain applications.
Cryptocurrency conference Consensus 2018 is one of the largest crypto events of the year. Its influence on the crypto market and the degree of confidence in it can be compared to the G8 Summit, but in the crypto world.
“Decentralized identification for a decentralized world”, under this slogan the presentation of a new authentication system will take place. On the morning of May 16, Microsoft will tell you the details of using the bitcoin blockchain for a personal identification system.
The German bank Bitbond, founded in 2013 by Radoslav Albrecht, prefers to use blockchain for international payments instead of the SWIFT banking messaging system.
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