See Also
ELI5 : What is Proof of Trust (PoT)?
Proof of Trust is a consensus mechanism where users “stake” the trust they’ve earned in a network in order to verify cryptocurrency transactions. In a proof of trust system, users will earn a virtual value called “trust” every time they acquire a role in the ecosystem. A highly trusted node will be able to verify […]
How do I convert Bitcoin to US Dollars and Euros?
To convert Bitcon and other cryptocurrencies into US Dollars, Euros or other currencies, you need an exchange that will work with fiat money. Most cryptocurrency exchanges don’t, because fiat requires compliance with local and international regulations and in most cases the reserve requirements are out of reach for the typical unfunded crypto hackers who happen […]
Blockchain bills of lading : Revolution in oil shipments and sea cargo logistics
After more than 200 years of the same workflow, one technology has come along which could change the oil trade forever: blockchain! Dannish sea transport giant Maersk announced, earlier this year, that they’d be joining forces with IBM to implement a blockchain solution to sea shipping. According to the announcement, over 80% of customer goods, […]
Largest Brazilian Bitcoin exchange founder, Gustavo Schiavon, dead at 24
Foxbit co-founder Gustavo Schiavon, known affectively as Guto, has passed away in a car accident in the Brazilian state of São Paulo. Accident While driving between Marília city and São Paulo capital, his car spun under heavy rain and got hit, back side first, by a large cargo truck. The automobile was obliterated and reduced […]