During the recent congressional hearings, Sen. Mark Warner (D-VA), the Senate intelligence committee's vice chairman, said, "The era of the wild west in social media is coming to an end." Congress, he said, will have to take action. "Where we go from here is an open question." More hearings are clearly in the offing, and some kind of regulation is likely to follow. That's the probable future, but what would happen if the government lost its ability to control the tech industry? What if tech fought back? What if our democracy transformed into a technocracy?
Blockchain is well-known for being Bitcoin’s underlying technology, but many believe blockchain has the power to radically transform whole industries. Here are six non-cryptocurrency blockchain (distributed ledger) use cases to help you form your own opinion.
While Bitcoin (₿) is the most famous cryptocurrency, it is only one of approximately 2,000 cryptocurrencies in circulation today. All of the heavily traded cryptocurrencies are powered by some version of a distributed ledger (blockchain), and each has at least one unique attribute that differentiates it. Here's an overview of 5 popular cryptocurrencies and how they compare to Bitcoin.
Some people believe that Alexa is listening all the time. This is true. Some people believe that Alexa records every word for posterity. This is false. Some people believe that having an Amazon Echo increases their risk of being hacked. This is also false. But, there’s more to the story.
A smart contract is just like an old-fashioned verbal or paper contract except with a smart contract, the conditions can be met digitally. Smart contracts are not new, but they are newly relevant (and a bit overhyped) because they are an awesome, non-cryptocurrency use of blockchain technology.