3 Smart Contract Misconceptions Explored

3 Smart Contract Misconceptions Explored

Olivier Rikken is manager, public speaker and thought leader on digital disruption, blockchain and business process management at Axveco, a boutique consultancy firm headquartered in Amsterdam.  In this CoinDesk opinion article, Rikken outlines three common mistakes newcomers make when seeking to leverage blockchain-based smart contract technology. One of the most promising developments in blockchain is the idea of smart contracts. First detailed by cryptographer Nick Szabo in his 1994 paper “Smart Contracts”, Szabo describes the concept as “a computerized transaction protocol that executes the terms of a contract”. Today, the rise of the ethereum blockchain facilitates the easy development and deployment of this concept in a public...

Creditbit’s CRB/ETH Pair is Now Live on Livecoin

More good news comes the CreditBit way! A new trading pair – CRB/ETH is now live on Livecoin. Creditbit is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code. As a result of the consistent effort by the Creditbit team, the cryptocurrency is touching new milestones almost every day. The latest being the inclusion of the new trading pair, CRB/ETH at Livecoin exchange. The CreditBit team is continuously working hard to realize the roadmap for Credit 2.0. And as stated by them time and...

Secretive ‘Enterprise Ethereum’ Project Gets Mixed Reactions at EDCON 2017

Secretive ‘Enterprise Ethereum’ Project Gets Mixed Reactions at EDCON 2017

“Like many others, we’re a part of R3. Most of you are probably thinking ‘what for’?” So said RCI Bank head of innovation and partnerships Jean-Christophe Labarre about participating in one of the bigger consortiums bringing together institutions looking into blockchain technology. The comment drew some laughter from the crowd of attendees at day one of the developer-focused EDCON conference in Paris, France. The reaction seemed to voice agreement from the developers that they were not so excited by the promise of private consortium applications when compared to the enthusiasm for public ethereum blockchain which anyone can join. Labarre was one of the first to address the crowd on day one, but the reaction seemed to extend to other private implementations as...

Edgeless Casino Introduces Revolutionary Transparent 0% House Edge Online Gambling

The fast-growing ($46B in 2016) online gambling industry has a problem: TRANSPARENCY. In 2017 all online casinos have full power to cheat against their own players. They can do it easily, without being spotted. It is also difficult for the casino to prove when they are not cheating. This creates a massive problem for online gambling and casts a shadow on the industry’s reputation. The new blockchain based casino Edgeless.io is planning to change this. “There is no way of knowing what happens inside the casino servers and how the mechanisms are programmed” says Tomas Draksas, professional gambler and co-founder of Edgeless.io, a company that promises absolute transparency and a 0% house edge casino. “Casinos can be easily rigged for a huge house edge. We want to...

The Next Wave of Ethereum Applications is Almost Here

The Next Wave of Ethereum Applications is Almost Here

While critics have long taken aim at ethereum for a lack of production projects, a new wave of decentralized applications (or ‘dapps’) is making notable progress. Over the last few months, a number of long-anticipated ethereum projects have entered alpha and beta, including uPort, which aims to hand users more control of their online identity, and Akasha, a social media app that’s been two years in the making. And some brand new applications have emerged, too. Aragon, for example, debuted last Friday with the goal of helping anyone launch their own DAO (an autonomous, blockchain-based company), a release that goes to show how new ethereum entrepreneurs are now looking to take forward long-established ideas. In conversation with CoinDesk, Akasha...