The Intrepid Report Issue #70
Here’s what’s in store for you this week: Facebook makes first blockchain acquisition, and crypto ATMs launch in the Philippines. We’ve got thoughts from the Blockchain Review on real-world blockchain implementations in supply chain, as well as insights on a conflict of crypto visions and more. Check it out below!
Facebook Makes First Blockchain Acquisition With Chainspace
Facebook has hired the team behind Chainspace, a small blockchain startup founded by researchers from University College London. Chainspace was building a decentralized “smart contracts” system that could facilitate payments and other services through blockchain technology. Here’s more on Facebook’s plans in blockchain.
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Philippines-Based Banking Giant Launching Two-Way Crypto ATMs
When you think of nations with a notable Bitcoin ecosystem, any would immediately think of the U.S., Malta, Singapore, Japan, and South Korea. Yet, few would direct attention to the Philippines, a nation that is seemingly filled to the brim with cryptocurrency users. Read on about the move that could potentially spark widespread adoption within the Asian nation.
What Happened at the QuadrigaCX Exchange?
QuadrigaCX went offline at the beginning of this month, and owes customers $190 million as it cannot find its late founder’s private keys to retrieve crypto held in cold storage. You might have seen QuadrigaCX rather frequently in the headlines this month, here’s what went on in the months leading up to the exchange’s closure and findings from the follow-up investigations.
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Real-World Blockchain Implementations in Supply Chain Management
From the Silk Road to modern-day automated supply chains, goods have been transported, and buyers have been checking their products on receipt. As technology advanced, complexity also increased. The multiplication of intermediaries in the supply chain makes it more challenging to check that the products received were those that were ordered. What can blockchain technology bring to the table in this case?
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A Conflict of Crypto Visions
Conflicts raging within “crypto” are endless. Here’s a post that sheds light on how fundamental differences in our assumptions about the nature of systems could have led to the divergent views we see in crypto today. And how some of the views we have may not be mutually exclusive after all.
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Understanding Consensus Mechanisms, the Backbones to Blockchain Networks
Blockchains work because of trust (or because of trustlessness, depending on how you look at it). But what makes blockchain technology’s relationship with trust unique? Here’s a closer look at the Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanisms.
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Want to learn more about blockchain? Check out our new micro-site How Does the Blockchain Work, a clear and non-technical guide on how blockchain, Bitcoin, and Ethereum works, and more. Check it out.
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Originally published at blockchainreview.io.
