Month: January 2018

Blockchain for Property

Within the legal industry, blockchain is being evaluated as a mechanism for minimizing disputes regarding property rights. Property rights are a division of law that establish the responsibilities which come with owning an asset. Property ownership rights include the right to use or profit from an asset. They also include the right to profit from an asset, transfer the asset to someone else, and control who can use the asset. Tax liability for the asset, maintenance and repair costs, or payment for injuries caused by unsafe or defective conditions of the asset can also be applied. Ownership for a...

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ICON (ICX) Explained

This article is the first of a series, Blockchain for the Layman. A series dedicated to introducing various alternate coins and providing an easy-to-understand introduction for their technical makeup and background. A common scenario You walk out of your classroom or office space and hear two dudes in passionate conversation… Dude 1: “I’ve made 600% in the last week with SHITCOIN, SHITCOIN’s SHITCHAIN technology will dethrone all the other coins out there and take me to the moon. I fully expect to be a millionaire by next month.” Dude 2: “That’s cute, I remember when I had my first...

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ICX Token Supply & Release

The ICX ICO provided early investors an opportunity to purchase ICX ERC-20 tokens at a price of 1 ETH for 2,500 ICX. A total supply of 400,230,000 ICX tokens were made available at the time of ICO. 50% of this total amount was provided to the public during the initial token sale. The remaining half was distributed as follows: Foundation 14% Community Group & Strategy Partners 10% Team, Advisors & Early Contributors 10% Reserve 16% An additional 400 million ICX tokens have yet to be minted. It is unclear whether this 800 million will be the max supply of...

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Om Darknet

The term was originally coined in the 1970s to designate networks which were isolated from ARPANET (which evolved into the Internet) for security purposes. Some darknets were able to receive data from ARPANET but had addresses which didn’t appear in the network lists and would not answer pings or other inquiries. The root of the name is believed to be related to the term black box, which meant a system or device whose contents were unknown. Darknets that can take information from the larger net are also known as Data Motels, a reference to an advertising slogan for the...

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Ethereum’s Casper Protocol

A hard fork of the Ethereum blockchain has been proposed and is currently under development. This hard fork will change the consensus algorithm from the Proof-of-Work (PoW) based Ethash protocol to a Proof-of-Stake (PoS) based protocol referred to as as Casper. Even though the Casper test net went live in early January (the status can be viewed here), we’re not really sure when the hard fork will actually occur. In a recent interview on the Unchained Podcast, Vitalik Buterin also indicated that a sharding mechanism may replace the need for Casper. The Larger The Stake, The Greater The Reward...

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