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PTY Journalism Fundraiser by William Craddick – My name is William Craddick. I am an investigative journalist who took up researching several months ago. I have until now been making posts to Reddit on various topics, generally focusing on international politics. Since then, my stories and research findings have been tweeted by Wikileaks and…
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- These two technologies may help shape the future of the financial industry
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Continue reading “Blockchain”
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The blockchain is powerful technology that enables Bitcoin, Litecoin, Dogecoin, and other virtual currencies to be open, anonymous, and secure. The code also empowers countless innovations beyond cryptocurrency. The blockchain is a database of details about every Bitcoin transaction. Often referred to
Continue reading “Blockchain: The smart person’s guide”
- Bitcoin’s Blockchain is a ledger designed to avoid censorship by avoiding centralization.
- The only clear and useful -as far as I can think of today- use case for a ledger that sacrifices efficiency to avoid censorship is a government-independent monetary system : Bitcoin.
- Let’s go buy some bitcoins and, more importantly, let’s go build some products and services based on THE “shared database”, THE Blockchain, (THE) Bitcoin.
- The real innovation is not the digital coins themselves, but the trust machine that mints them – and which promises much more besides.
- But those who designed Bitcoin , and those who understand it, embrace this sacrifice.
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@bitcoinagile: “The Economist: Youre getting it wrong #Blockchain #Bitcoin”
Bitcoin, not Blockchain
The Economist: You’re getting it wrong — Medium
- Business Day | Santander Says First UK Bank to Use Blockchain for Overseas Payments
- Metzger said unless all the banks are using the same technology then the “last mile” of its pilot using blockchain will use slower, existing payments links.
- The technology may eventually allow banks to settle the estimated annual $26 trillion of international transactions almost instantaneously.
- That compares with settlement times of days under the current systems used by banks. “
- In March, broker ICAP said it was the first to distribute data on trades to customers using blockchain.
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@JDComforte: “Santander Says First UK Bank to Use Blockchain for Overseas Payments #payments #blockchain”
Santander is the first British bank to start using the technology behind virtual currency Bitcoin for recording international payments, and may start rolling out the service to customers next year, the head of innovation at its UK arm said.Blockchain, or distributed ledger technology, creates a shared database in which participants can trace every transaction ever conducted. Its proponents say it has the potential to shake up how financial markets operate.Santander said about 6,000 staff in Britain would be eligible to begin using the technology internally in a pilot program that aims to make the transfer of money faster, more accurate and more transparent. The technology may eventually allow banks to settle the estimated annual $26 trillion of international transactions almost instantaneously. That compares with settlement times of days under the current systems used by banks.
Santander Says First UK Bank to Use Blockchain for Overseas Payments