It is, by definition, a decentralized ledger. Every record written and every action and transaction occurring on the blockchain is secured by a unique cryptographic key that is meant to be unhackable. Every time a new block on the chain is formed. This means that every action on the blockchain is dependent on the two […]
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According to the New York Times, Facebook’s parent company Meta Inc is reaching to acquire ‘deep compatibility’ with blockchain technology, revealed in a letter from an official executive sent to employees. In the letter, the soon-to-be Meta’s Chief Technology Officer (CTO), Andrew Bosworth, informed his employees that the company is structuring its future vision for […]
Microblogging company, Twitter Inc., announced on Wednesday its proposals of developing a crypto team to implement the needed measures on the platform to help users earn and accept cryptocurrency payments. Branded as “Twitter Crypto,” the team will look into diversified ways to assist creators in accepting Bitcoin for payments, and different approaches to implementing blockchain […]
Famous gaming platform Epic Games plans to open its doors to blockchain-based payments on its store, following its rival’s announcement to ban blockchain technology and NFT assets on its platform, The Verge reports. Epic is considering the implementation of cryptocurrency technology into its platform, in addition to blockchain-based assets on its game store. The multinational gaming company […]
One of Vine’s founders is venturing into a new project called Supdrive. Dom Hofmann, also the creator of Byte and Peach, announced Supdrive on Twitter, describing it as an “on-chain fantasy game console.” In the announcement post, the co-founder of Vine explained that Supdrive will act as a video game console that offers classical games, […]
Amazon displays a lenient approach towards digital currencies as a new job listing was posted on Friday on the e-commerce site seeking a digital currency and blockchain specialist to lead its payments team. As one of the biggest e-commerce companies in the world, Amazon is responsible for securing some of the widest transactions through various […]
The Blockchain technology Market in the Telecom Industry was valued at $157.9 million in 2020 and is expected to reach $2759.8 million by 2026, registering a CAGR of approximately 61.45 percent over the forecast period (2021 – 2026). The onset of the pandemic has highlighted the criticality of telecom infrastructure. The global health emergency is […]
As global vaccination regimes and stimulus programs begin to hit beleaguered populations, the worldwide economy licks its wounds and readies up for acceleration, following the profound halt caused by the pandemic. According to the International Monetary Fund (IMF), both factors mentioned will push growth to a record high this year in a powerful rebound from […]
New York City announced earlier this week the deployment of a new COVID-19 passport built on IBM’s blockchain-based health pass technology, as businesses in the U.S. are starting to request proof of vaccination or negative PCR for entry. The COVID-19 passport app, called Excelsior Pass, is a free and voluntary platform developed in partnership with […]
With tech putting its best foot forward when it comes to battling the pandemic, the fight for widespread vaccination is another battlefront that has also commenced and is in it’s prime right now. For the battle of widespread immunizations, U.K. National Health Services (NHS) have taped blockchain tech as part of their arsenal against COVID-19. […]