Blockchain
VeriBlock Launches Mainnet, Achieving Milestone in Decentralized Blockchain Security
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Today, VeriBlock Inc., through its subsidiary Xenios SEZC, announced the upcoming mainnet launch of the VeriBlock blockchain. On March 4, 2019, VeriBlock’s year-long testnet phase ended, and on March 25, 2019, VeriBlock’s mainnet will officially go live.
VeriBlock Helps Secure Blockchain Networks Against 51% Attacks So They Can Thrive
During the last year, 51% attacks — attempts to rewrite a blockchain’s transaction history — progressed from theory into reality. These attacks have accounted for more than $20,000,000 in coin theft from exchanges, including holdings in Bitcoin Gold, ZenCash, Ravencoin, FLO, and most recently Ethereum Classic.
VeriBlock’s technology delivers Bitcoin-level security to both new and established blockchain and cryptocurrency projects that may otherwise be vulnerable. This enables development teams to focus on innovative features and functionality, rather than worrying about attacks.
The marketplace has validated this approach, with over 6,000,000 security transactions on Bitcoin to date.
In addition to allowing blockchain networks to inherit Bitcoin’s decade-plus of accumulated security, VeriBlock-secured blockchains continually provide Early Attack Detection (EAD) security statistics. EAD enables exchanges, wallet providers, and merchants to determine the security of particular transactions and networks. Once a transaction reaches Bitcoin-finality — the moment the snapshot of a network is written to a Bitcoin block — the exchange or merchant can accept the transaction with the assurance that it is just as secure as a Bitcoin transaction.
Industry Leaders Announce Alignment with VeriBlock’s Mission
On his company’s blog, Bloq Co-founder and Chairman Matthew Roszak wrote: “Bloq is proud to have been part of the journey with VeriBlock over the past two years — and especially with a technology that helps any blockchain project thrive and benefit from the security that Bitcoin provides. As the multi-chain, multi-network, multi-token world emerges, we are confident that VeriBlock will continue to play a vital role as a security root for this new frontier.”
“At Bittrex, we’ve always operated with the highest possible security standards to protect our users and our long-term relationship with VeriBlock has been a part of that commitment,” said Bill Shihara, Co-Founder and CEO of Bittrex. “Blockchains that adopt VeriBlock’s technology will be able to improve their users’ trading experiences on Bittrex, thanks to the faster confirmation times and rollback protection. We need to continue to create innovative solutions like VeriBlock to move the blockchain industry forward and increase adoption.”
“We’ve worked with the VeriBlock team since 2017 because we believe in the potential of VeriBlock’s technology to help the entire blockchain ecosystem grow by delivering Bitcoin-level security to any other chain,” said Anthony Di Iorio, Founder and CEO of Decentral. “I believe VeriBlock will be a good addition to the growing range of products and services we offer our Jaxx Liberty customers.”
SOURCE Xenios SEZC
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Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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