Daily Mining Bytes Observations (Nov. 6, 2019)

DeFi/FinTech According to cryptocurrency and blockchain publication Coindesk, China is going to remove Bitcoin mining from its technology band list. Furthermore, the Hong Kong Monetary Authority (HKMA) confirmed it had signed a Memorandum of Understanding (MoU) with a subsidiary of the People’s Bank of China (PBoC) which looks to release a financial electronic trading platform.... Continue Reading →

The FinTech Arms Race?

Written by Malik Corbett Last Friday, President Xi Jinping of China said in a speech to the Communist Party of China Central Committee on the subject of blockchain, that the nascent technology would “play an important role in the next round of technological innovation and industrial transformation.” According to the South China Morning Post, Xi... Continue Reading →

The Innovation of the EOS Native Token

Written by Malik Corbett Not all cryptonetworks are built the same; the same goes for the native network token. From a technical standpoint, cryptocurrencies are digital signatures that can prove ownership cryptographically. The signatures allows the cryptonetwork to verify the transactions between two parties. However, each token is unique to the network and has features... Continue Reading →

The Importance of Blockchain Governance

Written by Malik Corbett As blockchain and cryptonetworks technologies evolve, we must not lose sight of the fact that these networks are controlled by humans. Hence, investors should be aware of what  governance mechanisms are baked into a cryptonetwork’s protocol, if any. Whether the cryptonetwork implements an off-chain or on-chain solution, blockchain governance is critical. ... Continue Reading →

How EOS is Birthing a New Class of Digital Assets

Written by Malik Corbett If blockchain-based cryptonetworks are truly going to rival centralized internet systems than Delegated Proof-of-Stake consensus based networks currently represents the best use case for the scalability needed to gain mass adoption of cryptonetworks.  Delegated Proof-of-Stake or DPoS is a competing consensus protocol to the traditional Proof-of-Works (PoW) consensus algorithm which is... Continue Reading →

David Marcus and Calibra on Capitol Hill

Written by Malik Corbett Today is a big day for the crypto-world as U.S. lawmakers grill Facebook executive David Marcus about company’s proposed Libra cryptocurrency project. Despite calls from institutional advocacy groups such as the Chambers of Digital Commerce for regulatory guidance; until now, the government has been slow to react to the fast growing... Continue Reading →

Bitcoin: A System of Plutocracy

Written By Malik Corbett Let me be clear from the onset of this edition of Mining Bytes, Bitcoin is a wonderful technology. It is one of the most important innovations of our lifetime. However, to ignore the limitations of this technology is unwise if we truly wish to predict how cryptonetworks will evolve over the... Continue Reading →

Clean Mining: An Alternative Approach to Traditional (PoW) Mining

Written by Tynan Overstreet In this Mining Bytes we introduce, analyze and instantiate a new primitive in cryptocurrency, named Clean Mining, which provides efficient means of acquiring cryptocurrencies at scale while providing the added benefit of stabilizing prices through financial quantitative strategies and other financial investment techniques. Clean Mining is defined as the implementation of... Continue Reading →

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