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Blockchain can be the new paradigm of the net

Blockchain can be the new paradigm of the net

The popularization of blockchain will not depend on the users understanding its operation but on the existence of friendly and effective applications that solve real problems.


Photo: David Shares (edited)

Historically, each paradigm of the internet has had its killer application: before the web, it was email, with the original web it was Google and with the social web it is social networking.

Blockchain represents the paradigm of value (compared to the previous ones that were information and networking), but still lacks a transparent application that facilitates its massive adoption.

The blockchain technology has all the elements to configure the new paradigm of the network, although its future will depend on its ability to become scalable and respond to the demands of users in real time.

The speed to register and validate operations when the user base grows, as well as the security of the transactions, will be the critical factors to determine its viability.

Although blockchain was originally developed as the support for a cryptocurrency (bitcoin), its potential covers a spectrum of activities that transcends the monetary and is projected on areas such as law, politics, creation, security, and administration.

With blockchain, it is possible to replace trust through cryptography, so that it has the capacity to disinter-mediate, guarantee and protect all types of transactions.

Cryptocurrencies and tokens are new ways of representing and managing value on a universal scale, without central authorities and protecting the identity of users. In this sense, it is a model that lends itself to criminal uses, which is not a novelty in the history of Internet technological developments.

The current challenge, common to many other technological innovations, is to protect society from its perverse uses but without thwarting the transformative potential that they entail.

Original article written by Jose Luis Orihuela and posted on the towardsdatascience.com site.

Article posted on Markethive by Jeffrey Sloe

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The Internet Archive Receives 2500 in Basic Attention Token BAT Micropayments

The Internet Archive Receives 2500$ in Basic Attention Token (BAT) Micropayments

Cryptocurrencies and blockchain technologies are proving to have more uses every day, convincing more people and businesses of the relevance of this revolution.

An example of this is the expansion of Brave, an internet browser built with blockchain tech. The browser integrates its code with a wallet that allows users to reward content creators and receive rewards for their interaction.

Brave Browser is already bearing fruits, growing slowly but steadily. Recently, The Internet Archive shared with its users that it received about $2500 in Basic Attention Token (BAT) tips.

Last week, we hooked up our cryptocurrency wallet to our Brave creator account. Those tiny micropayments that Brave users had tossed into the Archive’s virtual tip jar had accumulated, growing into more than 9k Brave Attention Tokens (BAT) – the equivalent of $2500 USD!

The team explained that they were pleasantly surprised after having initially created the account as a “fun experiment” oriented not only to test a new technology but to support a project that shared a vision similar to that of the Internet Archive.

Brave Browser: How Blockchain is Disrupting the Ads Industry

The company evidenced how blockchain technologies can change the way many industries are structured. According to The Internet Archive, Brave Browser took the first step towards the “re-conception” of the web content industry, which is moving to build a future in which ads do not play such an invasive role:

This was an unexpected windfall. It was also proof that the current web, the one that’s driven by ads that know our every move, doesn’t have to be the web of the future. There could be a better way that’s secure, private and supported by its citizenry. To all of our Brave browser tippers, we thank you. Every little bit makes a big difference.

2500$ may seem little, considering that according to Adstage, advertisers paid $2.8 dollars per thousand impressions in Google Ads. Also, The Web Archive receives about 102.47 Million visits per month according to data from Similar Web.

This would mean a gain of just $1 for every million visits, ie even Brave Browser can not compete against the ads industry, however, as adoption grows and the industry gains credibility, it is very possible that the gap between the two competitors is narrowing.

Original article posted on Ethereum World News and written by Jose Antonio Lanz

Posted on Markethive by Jeffrey Sloe

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BTC Could Hit 98 Million Yes 98M USD in 10-20 Years Analyst Says

BTC Could Hit $98 Million (Yes… 98M USD) in 10-20 Years, Analyst Says

The crypto market has remained bullish on the last weeks, prompting a recent wave of optimism and euphoria among traders, analysts and enthusiasts in general. The 5k zone has supported the BTC, allowing the token to remain stable, reversing some indicators.

Having successfully held above 5k, analysts believe that the strength of the bearish market is losing influence and, with the halving on the horizon, many think that the cryptomarket is starting the next bull run.

Unlike the sentiment of 2017, most analysts today speak of conservative numbers. High forecasts such as Tim Draper’s or John McAfee’s are seen as exaggerated or unbelievable. Recently, however, an analyst did not hold back his mood by publishing a hyper-bullish prediction for the next few decades.

In a thread of 27 tweets, Twitter account Moon Capital explained that in approximately 10 to 20 years, BTC would become the first currency to reach a value of about 98 million dollars per unit.

BTC Could Substitute Fiat.. And Gold

The unusual prediction explains that to achieve this figure, the BTC had to maintain its traditional cyclical behavior but with the technological and financial developments typical of this industry.

This combination of circumstances could trigger the perfect scenario for BTC to become the world’s currency, replacing the global money supply. If this happens, the capitalization already increases by about 90.4 trillion dollars.

Also, investors could stop buying gold in the face of the possibility of using the BTC as a safer means. If the Bitcoin market takes 90% of the total capitalization of gold, it would account for about 6.9 trillion dollars.

This streak would give the BTC the necessary level of influence to allocate the capitalization of other financial markets such as bonds, stocks, equities, real estate and even public investments close to 5% of GDP.

Under this hyperoptimistic scenario, the BTC would gain around 294 trillion dollars in capitalization, becoming the “new global unit of account.” This price would total about 98 million dollars for each available token.

So far, it is still very early, and it is indeed impossible to predict the future, especially when it is such an optimistic scenario. Most banks are developing financial solutions based on blockchain technologies, precisely to compete against BTC, not to adopt this token.

To read the full analysis without having to sort through each tweet, here is a post containing all the Tweets. This is possible thanks to Thread Reader App

Original article written by Jose Antonio Lanz and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Japan’s Largest Bank Will Issue a Proprietary Cryptocurrency This Year

Japan’s Largest Bank Will Issue a Proprietary Cryptocurrency This Year

Cryptocurrencies are here to stay. Their advantages over traditional remittances are so extensive that more and more financial institutions are accepting reality, using these technologies to evolve and adapt their products to the needs of modern society.

The most important announcement in this area happened this week when Mitsubishi UFJ said it would launch its own cryptocurrency at the end of this year.

For the Western population, this may not represent much of a hype, but just to put things in perspective, MUFJ is the fifth largest bank in the world by total assets and the most influential private bank if the Chinese institutions are excluded. Its total capitalization is approximately 2.78 trillion dollars, 300% more than the total assets of Goldman Sachs, and 169 billion more than JPMorgan Chase.

According to the Japan Times, Kanetsugu Mike, president of the bank, commented that this initiative is part of a policy of technological improvement aimed at increasing confidence, security, and efficiency in the organization:

“We aim to build an organization that is relied on and trusted globally, and represents innovation,”

After an internal test conducted in September 2018, the positive results allowed the Mitsubishi UFJ team to feel confident enough to move on to a massive implementation stage.

The use of a cryptocurrency allowed instant transfers to be carried out at almost no cost, something essential for a bank with such a high volume of transactions.

Blockchain is Slowly Becoming More Attractive to Banks

Mitsubishi UFJ is not the first bank determined to use blockchain technology. Already the IMF and the BIS have issued official pronouncements assessing the risks and benefits of issuing CBDCs.

Also, JPMorgan recently announced the development of its own token to facilitate transactions processed by its infrastructure. The development of this tech is as important as the MUFJ initiative since this bank is the sixth most important in the world, and the most influential for the “western world.”

The Bank has a strong relationship with cryptocurrencies and blockchain technology. It already uses Ripple technology to process transactions and the partnership seems to be yielding positive results.

Apparently, the cryptocurrency would simply be called “coin.” The bank did not share more details about its development.

Original article written by Jose Antonio Lanz and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Over 60 of the World’s Top Corporations Are Investing in Blockchain Study Finds

Over 60% of the World’s Top Corporations Are Investing in Blockchain, Study Finds

The world’s leading companies have already embarked on the “blockchain train” demonstrating that the technological revolution is already beginning to gain strength. According to a study published by Okta Inc more than half of the companies with profits above 1 billion dollars are investing in the development of blockchain technologies as tools to improve their business scheme.

To conduct the study, Okta Inc surveyed executives from more than 1000 internationally renowned companies to find out how they are using technological advances to adapt to the future. The study focused on investing in labor, technology, operations, and digital transformation.

The results in the area of digital transformation were amazing. The study concluded that almost 90% of large corporations have a strong interest in the application of blockchain technologies and artificial intelligence.

“To fuel this transformation, the vast majority (86%) of digitally transforming organizations are adopting new technologies to support agile app development, as well as getting their hands dirty now with forward-looking technologies like blockchain and AI. All of this is happening while maintaining secure systems and a secure user experience that respects customer privacy.

Similarly, more than 61% of companies invest in blockchain technologies as a business policy. The most popular technological advance is the Internet of Things with 72% of the total.

The internet of things is not only the one that has generated more interest in international investors, but it has proven to be one of the fastest growing technology sectors. A report by Forbes estimates that the total market profits associated with this type of development could be around 520B dollars by 2021.

Currently the market for cryptocurrencies is around 177 billion dollars, however, during the 2017 hype, the crypto coins reached a total capitalization of almost 800 billion dollars before the reversal of trends that gave rise to the bearish streak of 2018.

The crypto market in general has had a good 2019, Since late January there has been a slightly bullish trend that has led many analysts to declare that the tendency of 2018 is already coming to an end.

Original article written by Jose Antonio Lanz and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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How Blockchain Will Transform the Hiring Process

How Blockchain Will Transform the Hiring Process.

By Chris Porteous

Blockchain has the potential to make data even more meaningful to HR professionals.

Most people have heard of the blockchain, although according to Forbes, the No.1 misconception with blockchain is that it’s the same as bitcoin. Being aware of the differences between the two is essential in understanding how blockchain can revolutionize the hiring process. Furthermore, if blockchain is adapted to work with current HR systems, it could mean a shift in the paradigm of massive proportions. We’re not looking only at the process here, but the data that facilitates that process. Blockchain has the potential to make that data even more meaningful to HR professionals as well as offer new insight into their potential hires than existing systems could.

The blockchain as a concept

So if bitcoin and blockchain aren’t interchangeable terms, then what is what? CNN Money defines bitcoin as a cryptocurrency that was initially created in 2009, as a means of storing value and transferring funds as a digital medium that is not controlled by any financial institution. Blockchain is the technology that made the existence of bitcoin possible, but there are so many more applications for it than merely a store of value in digital coins. Investopedia informs us that a blockchain is a distributed ledger, where all people who use the register have access to the contents of it, and those contents are declared through consensus of the network that the ledger is held on. In simple terms, a blockchain is a series of records, and everyone who has an interest in that blockchain has access to the entire blockchain. For us to determine the contents of that blockchain, we consult each member of the chain that holds a copy and the version of the blockchain that is in the majority wins out.

Blockchain and security

There’s something that makes the blockchain ideal for a situation where a company needs to take a potential employee’s word based on trust. Security within a blockchain is directly proportional to the number of users on that blockchain. This means that as more companies adopt the blockchain, the more secure the record kept on that blockchain will be.

An excellent example of this from an HR perspective is the submission of resumes using a site like TrustED. These documents are almost wholly taken on trust, except for references which the application usually gives to the employer. As these sites have shown, in the case of a blockchain, there would be no need for a resume since jobs that the applicant has done can be tracked and linked to the applicant’s account immediately. Additionally, previous employers could be reached directly to discuss the employee. And all of this data would be secured as more companies join the network. It would be a more reliable, but much more secure version of headhunting on LinkedIn.

Automated taxation

Blockchain was designed to be a method of securing data, but the evolution of the system has led to the development of a feature known as smart contracts. By setting a blockchain up that handles transactions automatically using these smart contracts, payment of salaries would be simple and wouldn’t involve any third-party. Additionally, a smart contract could be tied to the salary of each employee to ensure that each salary is removed before payment is made.

As Pricewaterhouse Coopers notes, many people in the system today wonder if the taxation system at present is capable of dealing with the evolved form of employment as exists today. This automated taxation system could be beneficial to both HR managers (who no longer have to calculate and pay taxation) as well as employees (who don’t have to worry about filing tax returns as all the information already exists on the blockchain).

Routine tasks and simplification

Payroll generation is another holdover from a bygone era, where the movement of money was linked to the flow of paper. Having a blockchain makes the need for keeping this paper-based system alive non-existent. Because blockchain can automatically log payments and instantaneously transfer funds, the need for updating a paper sheet with payment details and deductions (both of which could occur automatically as mentioned before) seems an added complication. Properly coded smart contracts would automatically execute these payments as they need to be done and inform both parties of the success of those payments. If there is a breach of that contract, all the data is readily available on the blockchain to allow for speedy litigation if necessary.

A disruptive technology

While Bitcoin might have had its way in the sun and is now moving like a rock rolling downhill, it did manage to show one thing?—?the usefulness and possibilities of a blockchain. Intelligent developers have already cottoned on the potential of these blockchains, and quite a few companies have become involved in research and development of the technology. Hackernoon even has a list of the banks that have started utilizing blockchain in their business, showing how disruptive this technology has been. The blockchain provides a better way of doing things than we have been invested in up to now. The smart thing would be to explore how it can change your business while everyone else is still in the dark about it.

Original article written by Chris Porteous and posted on the medium.com site.

Article posted on Markethive by Jeffrey Sloe

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Bitcoin BTC Could Skyrocket To 84k In The Coming Weeks Analyst Suggests

Bitcoin (BTC) Could Skyrocket To $8.4k In The Coming Weeks, Analyst Suggests

Last week was absolutely monumental for the cryptocurrency market. As this outlet covered extensively, Bitcoin rapidly surmounted key resistance levels on the back of a record-setting influx of buying pressure, with BTC finding itself above $5,000 for the first time since November.

As the crypto asset has stabilized since then, discovering a consolidation range at and around $5,100, analysts have done their best to gauge what comes next for BTC. And according to prominent trader Crypto Thies, a move drastically higher could very well be in store for the leading digital asset.

Thies recently took to Twitter to lay out his reasoning for this call. He explains that as it stands, Bitcoin could find support at $4,300, where it initially broke out, and $4,700, where the asset’s 200-day moving average currently sits. On the other hand, BTC will have trouble breaking past $5,500, $5,700 (the de-facto floor late last year), $6,600, and $8,400 (a top in a mid-2018 bear market rally), as these levels will act as resistances.

But, the trader makes it clear that in the coming weeks, BTC could start to test those resistances in an act of breaking out.

Thies writes that while he is confident that BTC will eventually return to $4,700, he expects for a Bitcoin to head higher in the coming weeks. He looks to the fact that the Bollinger Bands (BB), a measure used to depict trading ranges, have begun to squeeze on the one-week chart, along with BTC’s two-week candle breaking above its middle BB could suggest a move to the high BB, currently sitting at $8,400, in the near future.

Thies’ pseudo-price prediction comes in lower than some, but higher than most, interestingly enough.

Brian Kelly, for example, recently took to CNBC to claim that this ongoing move is likely to bring Bitcoin to $6,000 at the max. Per previous reports, Kelly claims that “high net-worth individuals, family offices, are starting to take a serious interest” in Bitcoin, all as custody solutions have propped up, volumes have spiked, and short sellers looking to cover their rear ends — presenting a strong case for a 20% rally from here.

Filb Filb, too, has kept his bullishness constricted to $6,000 for now. The analyst recently drew attention to two charts which showed similarities both in the structure and timing of their respective moves, specifically in a bid to show that Bitcoin could see a massive wick to the upside. If the move plays out as Filb expects, BTC could rally to $6,000 in the coming weeks.

On the other hand, others have been way more bullish than the aforementioned two. Fundstrat’s in-house Bitcoin optimist, Tom Lee, recently told Bloomberg that he adamantly believes that the cryptocurrency market can now be classified as a bull market, looking to the 200-day moving average for BTC to back his point. He added that a fair value for the asset is currently $14,000.

Is Bitcoin In A Bull Market?

No matter where BTC heads in the short-term, Thies’ Market God indicator, a proprietary measure created to predict trends both in the short- and long-term, has signaled that a bull run could be on the horizon. As reported by Ethereum World News previously, the indicator, which somewhat called the 2018 top, recently issued a “buy” signal for the first time in over two years.

Original article written by Nick Chong and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Coinbase Partners With Stellar Foundation to Give Away One Billion XLM

Coinbase Partners With Stellar Foundation to Give Away One Billion XLM

Coinbase has announced a partnership with the Stellar Foundation that will give away 1 billion XLM, worth $100 million, to users willing to take the time to learn about the currency.

Eligible Coinbase customers in the US will receive an email invitation over the next few days to earn up to $10 of XLM by viewing Stellar tutorials and answering quiz questions. By sharing their unique referral link, customers will also be able to earn up to $40 more of XLM by inviting four eligible friends to complete the lessons.

Under Coinbase’s “Coinbase Earn” program, users of the popular U.S.-based exchange will be able to participate in online modules that will simultaneously teach them about Stellar and blockchain–all the while earning XLM for their efforts. Users can earn $10 worth of XLM for watching a series of videos and lectures, and make an additional $40 through a referral system. According to the official update, Coinbase reports that 100% of the XLM being distributed will go to users, constituting one of the largest coin giveaways for the purpose of increased education. The funds will come directly from the Stellar Development Foundation (SDF), which is the non profit organization that helps develop the Stellar protocol.

Coinbase Earn is working with the Stellar Foundation to distribute one billion Stellar Lumens (XLM). 100% of the funds are going directly to Coinbase users to teach them how to use the Stellar protocol.

Coinbase Earn is working with the Stellar Foundation to distribute one billion Stellar Lumens (XLM). 100% of the funds are going directly to Coinbase users to teach them how to use the Stellar protocol. You can read more about the campaign here: http://ow.ly/hS9s50ocAXi

Despite the flack Coinbase received over the XRP listing in February, where some community members–including Weiss Ratings–questioned suspicious market behavior in the hours leading up to XRP being announced, Stellar’s addition to the exchange has gone more smoothly. Coinbase, through the most recent collaboration with the Stellar Foundation, continues its position as being a source of information and education for cryptocurrency, beyond just providing an exchange for market speculation.

Included in the official blog post detailing the giveaway is information about Stellar and the what the XLM currency is attempting to accomplish. The Coinbase blog reports that Stellar is a platform which aims to connect banks, payment systems and people in a way that is more efficient than the current practices.

The post continues,

Today’s global financial infrastructure has a communication problem. There are hundreds of different currencies and payment systems. Each one of these payment systems speaks a different language, so they have a hard time understanding each other. This can make moving money around the world slow and expensive.

Stellar is a protocol designed to solve this problem.

Coinbase highlights the decentralized nature of Stellar, a feature that they have regularly pointed to as criteria for new currencies being listed on their exchange. In particular, Coinbase points out that XLM is attempting to connect people, via money, in the same way that the internet allows the free flow of information.

Since the addition of XLM to Coinbase earlier in the month, the currency has managed to grow above the $0.10 price range. Already the currency is up 4 percent, as of writing, as most of the crypto markets see green.

Title image credit: The Coinbase Blog

Original article written by Michael Lavere and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Stop using Chrome Install Brave Browser Wikipedia Co-founder Tells You Why

Stop using Chrome, Install Brave Browser! Wikipedia Co-founder Tells You Why

User privacy and the risks associated with data leaks should be a priority for today’s globalized society, and Larry Sander, co-founder of Wikipedia, is fully aware of this. In early 2019, Sanders said his new year’s resolution was to protect his cyber-life “(along with getting into shape, of course).”

Sanger explains that security threats from criminals (such as ISIS) and tech giants (such as Facebook and the Cambridge Analytica scandal) are becoming more frequent. However, the second reason that made him opted for “locking his cyber life” is the manipulation of the content that “Silicon Valley behemoths” exert on what users consume in the end:

“The Silicon Valley behemoths have decided to move beyond mere moderation for objectively abusive behavior and shutting down (really obvious) terrorist organizations, to start engaging in viewpoint censorship of conservatives and libertarians. As a free speech libertarian who has lived online for much of my life since 1994, these developments are deeply concerning. The culprits include the so-called FAANG companies (Facebook, Apple, Amazon, Netflix, Google), but to that list we must add YouTube, Twitter, and Microsoft.”

To fight this problem, he devised a “plan” which he updated on March 17 and shared on his personal blog, He explained each of the steps he hopes to take during 2019 to have a safer life:

Goodbye Chrome… Hello Brave Browser

The first step of his “plan” (avoid using Google Chrome) has already been completed. He explains that Brave Browser has had a favorable evolution and that now not only is easier to use but it represents a much better option than Google Chrome:

"Stop using Chrome. (Done.) Google collects massive amounts of information from us via their browser. The good news is that you don’t have to use it, if you’re among the 62% of people who do … I’ve switched to Eich’s newer, privacy-focused browser, Brave. I’ve had a much better experience using it lately than I had when I first tried it a year or two ago and when it was still on the bleeding edge."


Brave: The team behind Brave Browser and Basic Attention Token (BAT)

Good News For The Privacy Freaks!

Another of Sanger’s steps was subscribing to a VPN service. In this way, the possibility of IP tracking and information manipulation is avoided. However, for those who do not want to spend money on this service, or configure a VPN in more complex cases, Brave Browser can be of great help:

"VPNs solve those problems by making your connection to the Internet anonymous. The big problem with VPNs, and the reason I probably won’t do this, is that they slow down your Internet connection … A nice fallback is the built-in private windows in Brave that are run on the Tor network, which operates on a similar principle to VPNs"

Basic Attention Token (BAT) Makes it Possible To Get Paid While Surfing The Web

Mr. Sander explains that in addition to being privacy oriented (which is Sander’s primary motivation) Brave offers the option of paying users for consuming content. The BAT token is the browser’s native cryptocurrency and aims to change the way content distribution industry works, providing a more favorable and comfortable alternative for users and providers:

It also pays you in crypto for using it… There’s absolutely no need to use Chrome for anything but testing, and that’s only if you’re in Web development. By the way, the Brave iOS app is really nice, too.

Brave Browser has been considered one of the safest web browsers available. Basic Attention Token (BAT) is ranked 30th in the global marketcap with a total capitalization of $237,320,762 according to data provided by Coinpricewatch.

Original article written by Jose Antonio Lanz and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Ethereum ETH Co-Founder Predicts Blockchain Will Dominate Economy in 10 Years

Ethereum (ETH) Co-Founder Predicts Blockchain Will Dominate Economy in 10 Years

Ethereum co-founder Joseph Lubin made the prediction that blockchain will be a primary catalyst for the growth of the global economy over the next 10 to 20 years.

Speaking in a keynote at the SXSW conference in Austin on Mar. 14., Lubin claimed that he expected the global economy to grow ten times larger over the next decade or two, and fully expected blockchain to be involved in the majority of enterprise and market growth.

Lubin explained his prediction by comparing the current of blockchain and cryptocurrency to that of the internet and email in the years before it became a mainstream sensation. Speaking on the issue of mainstream adoption and the room left for blockchain to grow, Lubin said

“There weren’t a lot of ‘normal’ people firing email around in 1983.”

Ethereum’s co-founder also took the opportunity to address the advantages he sees in the development of Ethereum 2.0 over cryptocurrency market leader Bitcoin. In particular, Lubin explained that the Ethereum development team is specifically targeting the inefficiencies of Bitcoin as areas of advantage for Ethereum 2.0, presenting what he believes will be a cryptocurrency capable of overcoming the current industry hurdles,

“In Bitcoin and currently in Ethereum, you need to have specialized hardware, burn lots of electricity, waste lots of computation, to basically keep everybody in sync. [With Ethereum 2.0, in 18 months] we’ll have a blockchain system much more powerful and scalable that uses orders of magnitude less energy.”

While Ethereum is still a year and a half away from launching its anticipated major update, one that will witness a monumental switch from a Proof of Work system to Proof of Stake, the developer is already looking to how Ethereum can revolutionize the industry and improve upon its current framework.

Lubin made headlines earlier in the week for similar comments related to the benefits of blockchain, when he claimed that the decentralized technology could be of substantial benefit to content creators. Lubin singled out artists as a subgroup that would “benefit quite dramatically” from the adoption of blockchain, allowing them greater control over the distribution of their content while dictating the parameters of its consumption.

During that talk, Lubin went on to state that blockchain removed the need for middlemen in content creation and distribution, a factor that would greatly benefit the bottom line for musicians and other creative performers,

“I think artists in the music industry on average capture about 11 or 12 percent of the value in the industry and those big record companies are sucking up 70 or so percent. We can replace those record companies with smart contracts on the Ethereum platform.”

Cryptocurrency, as a whole, has seen positive price traction in 2019 after an abysmal year for coin prices in 2018. While there have been periods of price oscillation, Bitcoin reached its lowest 30-day price volatility earlier in the week since November 2018. In addition, the majority of top cryptos have experienced double digit price gains since the start of the year, with altcoins leading the market. Ethereum has managed a nice rebound in price after falling in valuation with the rest of the industry from it’s all time high established in early 2018.

Last week, analytic firm Electric Capital reported that Ethereum had the most robust monthly developer contribution, generating twice that of second-place Bitcoin.

Original article posted on Ethereum World News and written by Michael Lavere

Posted on Markethive by Jeffrey Sloe

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