Last summer, JPMorgan Chase lost over 80 million customer records. In 2013, Target lost over 40 million records. These two cyber-attacks alone amount to a stunning 1.2 billion passwords lost. So what can be done to prevent situations like these? Rivetz proposes a shift to a model where the users leverage their collection of devices. Not […]
According to the Investopedia definition, a cryptocurrency is “a digital or virtual currency that uses cryptography for security”. While there are number of these in circulation now including Litecoin, Namecoin and PPcoin the original, and undoubtedly best known, is Bitcoin. As you might expect from its digital nature, this was the brainchild of a computer […]
It has been said that Bitcoin transactions are completely secure and, usually, relatively quick. But, what’s going on under the hood? How exactly do the transactions work? This infographic does a terrific job of explaining. Essentially, each Bitcoin transaction takes place between two wallets. Each of these wallets has a public addresses, which can be […]
In the startup world you can barely go a few hours without hearing someone blurt out jargon. Sometimes this jargon can be legitimate as when a well-funded company is negotiating terms of their latest investment, but just as frequent is the use of fancy terms like vestment schedules, contract waterfalls/cliffs, etc. by individuals who do […]
There have been a number of high-profile hacks recently, evidently demonstrating that hiding and using secrest on the Internet is still really difficult. From the $5 million in bitcoin lost at Bitstamp to the Sony hack, it is clear that a new approach to the problem is required. Recently, I was at CES, and the […]
My business partner, Dan Larimer, CTO of Steemit, and I have been building or investing in blockchain technology for over three years. Most of those initiatives have been based on the idea that blockchain technology represents opportunities to build systems that improve quality life for people around the world
The price of bitcoin isn’t the only thing about the virtual currency that is going through the roof.
U.S. officials dealt a blow to the fledgling digital currency called Bitcoin, freezing an account that is tied to the largest Bitcoin exchange just months after regulators warned that such entities should follow traditional rules on money laundering.
As the Bitcoin phenomenon reaches new heights, developers are rolling out dozens of competing virtual currencies with colorful names like Litecoin, Peercoin, Namecoin and Feathercoin.
Bitcoin startups are beginning to raise sizable investment capital even as industry leaders warn that hackers are abusing the Internet virtual currency for profit.
CEO of 21 Inc. Balaji Srinivasan speaks with Rolfe Winkler about the future of bitcoin.