Please sign in

BAGBITCOIN

1. To use robots (bots).

Two. Multi- accounts (maintaining numerous accounts).

Trio. To use anonymous proxy.

Five. You might be banned if your referral claims with the same IP address.

The Bitcoin is a form of currency without notes and coins, it is a digitalcurrency.

In this era of Internet and digitization, we’ve moved from phone to VoIP calls, face-to-face meeting to movie conferencing, fax to email, cable television to IP TV, and the list goes on.

Who Developed The Idea Of Bitcoins?

The concept of Bitcoins was developed by Satoshi Nakamoto, who resides in total anonymity. He is said to be from Japan but his mail ID was from Germany, plus the bitcoin software was not available in Japanese. He developed the system and the Bitcoin software (that is used to run the system) in two thousand nine but disappeared into lean air in 2010.

The other developers of the system stopped hearing from him in 2010, and slew of speculation turned up about his real identity. Some even suggested that his name was just a mashup of popular Japanese companies — SAmsung TOSHIba NAKAmichi MOTOrola. But what he created was certainly the fantasy of every tech boy in the world.

What Is So Special About the Bitcoin System?

The Bitcoin is a system which permits you to do anonymous currency transactions and no one will come to know about the payment or about all other info related to the payment, including who sent it, who received it, etc.

Satoshi did it by making the system – a peer-to-peer network – managed by no central authority but run by a network of contributors and freedom enthusiasts, who donated their time and energy to this innovation. Essentially, people can do money transactions and no authority or organization will come to know about it.

Satoshi Nakamoto was so talented that he even solved the problem of dual spending of digital currency in his system.

What is Dual Spending?

We can make many copies of digital data, e.g. people copy software and sell it as counterfeit or pirated copies. We may face the same problem with digital currency – one can copy the digital currency (let’s suppose USD10) and use it as many time as he/she like (as many notes of USD10).

Satoshi solved this problem by displaying all transactions in a public list. Whenever a fresh transaction is made, its validity is checked by confirming from the list that the digital currency was not used before. This way, no one can copy the currency and use it for more than one time. It’s a plain but effective idea to stop dual spending of the same bitcoin.

How Does A Public Listing Make Things Anonymous?

The public listing only shows the transaction ID and the amount of currency transferred. You will be anonymous in the system because you don’t need to provide any of your individual details like your name, address, email, phone number, etc. In comparison, when you use payment gateways like Paypal you have to give up all these individual details.

How do you use Bitcoins then?

Bitcoins are kept in a digital wallet which you can keep in your computer, or on a website online, which will manage and secure your wallet for you. You can have as many wallets and bitcoin addresses (where you receive money from others) as you like.

What’s more, you can use Bitcoin software on top of Tor to prevent anyone from tracking your IP address – total anonymity assured!

How many people are using this?

At this very moment, Ten.71 million Bitcoins are in existence, which is like 207.929 million USD worth! In fact, the Canadian government is working on their own crypto-currency, named MintChip. (a glance:)

In one day, more than 45,000 transactions of a total of BTC Two.Five million (worth of USD48.Five million) is treated by the bitcoin network.

How Do I Acquire Bitcoins?

Using and getting Bitcoins is indeed effortless. There are various ways to get Bitcoins:

  • ‘Mining’
  • Currency exchange (bitcoin in come back for Dollars or Euros) via bitcoin provider services like Mt.Gox
  • Providing services to others in come back of Bitcoins

What’s Mining?

Mining is a process of extracting Bitcoins currency. Bitcoin mining is a business – most people mint Bitcoins to build up profit. Bitcoins are minted using a special software (known as Bitcoin Miner) which attempts to find a fresh block in the chain of Bitcoin network.

Whenever a fresh block is found, its proprietor is gifted with fifty Bitcoins. Technically, a computer has to perform long and rough hash calculations to find a fresh block.

How Do You Spend A Bitcoin?

Spending Bitcoins is a bit lighter. You can send Bitcoins to a person, buy goods, or donate to non-profit foundations who accept it, such as Wikileaks, P2P Foundation, Operation Anonymous, Free Software Foundation,Archive.org.

You can send Bitcoins to anyone once you know their bitcoin address.

Blockchain technology is now considered by many people as a flawless way to reform the existing financial system. Despite the fact that the cases of using the distributed ledger technology in the monetary system are already known, its possibilities are not limited by the making payments and bills only. Ethereum community has been able to suggest the developers a fresh conception, built on blockchain technology – Decentralized Autonomous Organization, or DAO.

The advantage of Ethereum platform is the possibility of using automated smart-contracts. The smart-contract can be used as an agreement inbetween two or more sides, it checks all the provided data and determines whether they conform with the conditions of implementation. Unlike traditional contracts, smart-contracts do not need the human interference after their creation.

However, the main drawback of brainy contracts is the fact that they, as traditional agreements, are created by people. It means they are not fully autonomous. One of the ways to solve this problem is the creation of the fresh type organization, decentralized and democratic in the same type, based on blockchain. However, this doesn’t mean that this organization is incapable of providing the same set of the financial instruments, suggested by traditional institutions.

One could hardly imagine such organization without the centralized governing, but the Ethereum programmers have thought up the way to realize this conception. Eventually, there is no sense speaking about the decentralized system, if it has the single governing center. Decentralized autonomous organization on the basis of Ethereum blockchain fulfills exactly the functions of such center, however not in a way we used to. Every delegated member has the right to suggest suggestions regarding the realization of transactions for agreements or moving of Ether. Other community members have the right to accept or reject the transaction. After the registration of the necessary number of confirmations, the suggestion is considered accepted.

Everyone who ever dreamed of creating his own company or organization, can fulfill the fantasy using Ethereum. Taking part in creating DAO objects is the superb way to wiggle the old-fashioned world of traditional financial instruments.

Creating and Using Bitcoin Wallet

Bitcoin, as any other real or digital currency, must have a place where it is kept. Since crypto-currency is a comparatively fresh thing, people sometimes feel uncertain about working with it. In reality, everything is effortless and quick. Here is a brief guide on how to create and use a wallet for your crypto-currency.

Creating a Bitcoin Wallet is a matter of few minutes: you just put in your e-mail address and password (attempt blockchain.info, for example). Every wallet has an identifier, which you send to anyone who is going to make a transaction on your wallet. That’s all about Bitcoin Wallet creation.

However, there are some nuances about its usage and protection. You have to think about your Bitcoin wallet safety by paying attention to the following points:

– choose thoughtfully the services providing Bitcoin wallets. It’s better to choose big and trusted platforms.

– recall that Bitcoin rate is fairly changeable. So it is a good idea to keep puny sums on your Bitcoin wallet and convert excess funds into the currency of your country. Don’t put all your eggs in one basket.

– make the copy of your wallet. It will help you to restore the wallet in case something happens to your PC or mobile. And encode the network reserve copies!

– don’t leave behind to update your Bitcoin software: it will ensure the better safety for your money.

One more thing that you should reminisce: Bitcoin transactions are not anonymous. Bitcoin is the most see-through payment system in the world – all transactions are public and are saved in Bitcoin network. Every Bitcoin wallet has its own address, which is shown when the transaction is conducted, so all transactions from this address are connected. If you care about confidentiality, then use one address only once and don’t publish your wallet address on your website or network page.

Bitcoin Will Be Sold in Australian Newspaper Shops

The largest Australian crypto-currency platform Bitcoin.com.au and Sidney financial startup Blueshyft have agreed about partnership. Thank to it the users will be able to purchase crypto-currency Bitcoin in the more than thousand newspaper shops all over the country.

For Australia, this is the very first experiment of such type. Thanks to it, the owners of newspaper shops will be able to vary the goods assortment and receive the fresh source of income. And the crypto-currency will become closer to the ordinary person.

The minimal sum of virtual currency purchase will be fifty Australian dollars. The commission fee is 4%. The both companies expect that during the very first year their creation will come to the level of fifteen million transactions with the medium crypto-currency purchase sum of 150-200 dollars.

Every shop, which is a member of the project, will be set an iPad. Using the specific application, the device will be able to establish contact with the payment platform. Generally, Bitcoin is expected to be sold in one thousand two hundred sale points all over the country.

This is especially essential in the context of the latest increase of the Bitcoin rate to the US dollar, which at the end of May enlargened on one hundred dollars for Bitcoin and is now around 580$/BTC.

One should also recall that in May this year, the Australian government has supported the recommendations on the regulations of Bitcoin trading platforms. There are reasons to assume that soon the legislative switches to the laws about countermeasures to the legalization of illegal earnings and terrorism financing will be made. These switches are necessary for the functioning of crypto-currency platforms in the country.

Integration of Solidity into Visual Studio

Henceforth, the enormous amount of Microsoft programmers has a possibility to create their decentralized applications using Ethereum blockchain thanks to the cooperation inbetween the technological giant and Consensys – studio that specializes in the creation of such applications. They announced that programming language Solidity which is used for writing Ethereum contracts will be added to the Microsoft Visual Studio. This was announced on the yearly programmers’ conference Microsoft/Build on March, 30, where Vitalik Buterin and Consensys CEO Joe Lubin were present.

Solidity is Java-like programming language intended for writing smart-contracts on the basis of the Ethereum virtual machine. With the help of Solidity programmers can create, test, and run applications that bring to life business-logics programmed in smart-contracts. Integration of this language into Visual Studio is the next level of the growth of decentralized application platform.

According to Marley Gray, Director for development and strategy on blockchain at Microsoft, integration into Visual Studio will suggest programmers from big corporations the decisions with solid possibilities for creating smart-contracts of any size and complicity.

Vitalik Buterin comments: “Our main aim always was to facilitate the possibility to create applications on the Ethereum basis, and the integration of Solidity into Visual Studio will help to add Ethereum to the indeed big community of programmers. I am looking forward to the results of our cooperation”.

Joe Lubin stated that Consensys is productively cooperating with Microsoft, so that to supply the means of programming on Ethereum platforms to the broad community of corporation programmers. This will permit the millions of programmers to lightly run their smart-contracts using the Ethereum blockchain – private or corporate – and also run them by one click in the calculating cloud Microsoft Azure.

Andrew Case, Consensys co-founder, added that Microsoft was a flawless playmate and initiator of Ethereum integration. Integration of Solidity into Visual Studio will become one more step to the liquidation of obstacles on the way of blockchain technologies. It was a superb idea to announce the news on the //Build conference, it is an ideal place to tell the companies about the meaning of the Ethereum blockchain.

Please sign in

BAGBITCOIN

1. To use robots (bots).

Two. Multi- accounts (maintaining numerous accounts).

Trio. To use anonymous proxy.

Five. You might be banned if your referral claims with the same IP address.

The Bitcoin is a form of currency without notes and coins, it is a digitalcurrency.

In this era of Internet and digitization, we’ve moved from phone to VoIP calls, face-to-face meeting to movie conferencing, fax to email, cable television to IP TV, and the list goes on.

Who Developed The Idea Of Bitcoins?

The concept of Bitcoins was developed by Satoshi Nakamoto, who resides in total anonymity. He is said to be from Japan but his mail ID was from Germany, plus the bitcoin software was not available in Japanese. He developed the system and the Bitcoin software (that is used to run the system) in two thousand nine but disappeared into lean air in 2010.

The other developers of the system stopped hearing from him in 2010, and slew of speculation turned up about his real identity. Some even suggested that his name was just a mashup of popular Japanese companies — SAmsung TOSHIba NAKAmichi MOTOrola. But what he created was undoubtedly the fantasy of every tech stud in the world.

What Is So Special About the Bitcoin System?

The Bitcoin is a system which permits you to do anonymous currency transactions and no one will come to know about the payment or about all other info related to the payment, including who sent it, who received it, etc.

Satoshi did it by making the system – a peer-to-peer network – managed by no central authority but run by a network of contributors and freedom enthusiasts, who donated their time and energy to this innovation. Essentially, people can do money transactions and no authority or organization will come to know about it.

Satoshi Nakamoto was so talented that he even solved the problem of dual spending of digital currency in his system.

What is Dual Spending?

We can make many copies of digital data, e.g. people copy software and sell it as counterfeit or pirated copies. We may face the same problem with digital currency – one can copy the digital currency (let’s suppose USD10) and use it as many time as he/she like (as many notes of USD10).

Satoshi solved this problem by demonstrating all transactions in a public list. Whenever a fresh transaction is made, its validity is checked by confirming from the list that the digital currency was not used before. This way, no one can copy the currency and use it for more than one time. It’s a elementary but effective idea to stop dual spending of the same bitcoin.

How Does A Public Listing Make Things Anonymous?

The public listing only shows the transaction ID and the amount of currency transferred. You will be anonymous in the system because you don’t need to provide any of your individual details like your name, address, email, phone number, etc. In comparison, when you use payment gateways like Paypal you have to give up all these individual details.

How do you use Bitcoins then?

Bitcoins are kept in a digital wallet which you can keep in your computer, or on a website online, which will manage and secure your wallet for you. You can have as many wallets and bitcoin addresses (where you receive money from others) as you like.

What’s more, you can use Bitcoin software on top of Tor to prevent anyone from tracking your IP address – total anonymity ensured!

How many people are using this?

At this very moment, Ten.71 million Bitcoins are in existence, which is like 207.929 million USD worth! In fact, the Canadian government is working on their own crypto-currency, named MintChip. (a glance:)

In one day, more than 45,000 transactions of a total of BTC Two.Five million (worth of USD48.Five million) is treated by the bitcoin network.

How Do I Acquire Bitcoins?

Using and getting Bitcoins is truly effortless. There are various ways to get Bitcoins:

  • ‘Mining’
  • Currency exchange (bitcoin in come back for Dollars or Euros) via bitcoin provider services like Mt.Gox
  • Providing services to others in come back of Bitcoins

What’s Mining?

Mining is a process of extracting Bitcoins currency. Bitcoin mining is a business – most people mint Bitcoins to build up profit. Bitcoins are minted using a special software (known as Bitcoin Miner) which attempts to find a fresh block in the chain of Bitcoin network.

Whenever a fresh block is found, its possessor is gifted with fifty Bitcoins. Technically, a computer has to perform long and raunchy hash calculations to find a fresh block.

How Do You Spend A Bitcoin?

Spending Bitcoins is a bit lighter. You can send Bitcoins to a person, buy goods, or donate to non-profit foundations who accept it, such as Wikileaks, P2P Foundation, Operation Anonymous, Free Software Foundation,Archive.org.

You can send Bitcoins to anyone once you know their bitcoin address.

Blockchain technology is now considered by many people as a flawless way to reform the existing financial system. Despite the fact that the cases of using the distributed ledger technology in the monetary system are already known, its possibilities are not limited by the making payments and bills only. Ethereum community has been able to suggest the developers a fresh conception, built on blockchain technology – Decentralized Autonomous Organization, or DAO.

The advantage of Ethereum platform is the possibility of using automated smart-contracts. The smart-contract can be used as an agreement inbetween two or more sides, it checks all the provided data and determines whether they conform with the conditions of implementation. Unlike traditional contracts, smart-contracts do not need the human interference after their creation.

However, the main drawback of clever contracts is the fact that they, as traditional agreements, are created by people. It means they are not fully autonomous. One of the ways to solve this problem is the creation of the fresh type organization, decentralized and democratic in the same type, based on blockchain. However, this doesn’t mean that this organization is incapable of providing the same set of the financial instruments, suggested by traditional institutions.

One could hardly imagine such organization without the centralized governing, but the Ethereum programmers have thought up the way to realize this conception. Eventually, there is no sense speaking about the decentralized system, if it has the single governing center. Decentralized autonomous organization on the basis of Ethereum blockchain fulfills exactly the functions of such center, however not in a way we used to. Every delegated member has the right to suggest suggestions regarding the realization of transactions for agreements or moving of Ether. Other community members have the right to accept or reject the transaction. After the registration of the necessary number of confirmations, the suggestion is considered accepted.

Everyone who ever dreamed of creating his own company or organization, can fulfill the desire using Ethereum. Taking part in creating DAO objects is the good way to wiggle the old-fashioned world of traditional financial instruments.

Creating and Using Bitcoin Wallet

Bitcoin, as any other real or digital currency, must have a place where it is kept. Since crypto-currency is a comparatively fresh thing, people sometimes feel uncertain about working with it. In reality, everything is effortless and prompt. Here is a brief guide on how to create and use a wallet for your crypto-currency.

Creating a Bitcoin Wallet is a matter of few minutes: you just put in your e-mail address and password (attempt blockchain.info, for example). Every wallet has an identifier, which you send to anyone who is going to make a transaction on your wallet. That’s all about Bitcoin Wallet creation.

However, there are some nuances about its usage and protection. You have to think about your Bitcoin wallet safety by paying attention to the following points:

– choose thoughtfully the services providing Bitcoin wallets. It’s better to choose big and trusted platforms.

– reminisce that Bitcoin rate is fairly changeable. So it is a good idea to keep petite sums on your Bitcoin wallet and convert excess funds into the currency of your country. Don’t put all your eggs in one basket.

– make the copy of your wallet. It will help you to restore the wallet in case something happens to your PC or mobile. And encode the network reserve copies!

– don’t leave behind to update your Bitcoin software: it will ensure the better safety for your money.

One more thing that you should reminisce: Bitcoin transactions are not anonymous. Bitcoin is the most semi-transparent payment system in the world – all transactions are public and are saved in Bitcoin network. Every Bitcoin wallet has its own address, which is shown when the transaction is conducted, so all transactions from this address are connected. If you care about confidentiality, then use one address only once and don’t publish your wallet address on your website or network page.

Bitcoin Will Be Sold in Australian Newspaper Shops

The largest Australian crypto-currency platform Bitcoin.com.au and Sidney financial startup Blueshyft have agreed about partnership. Thank to it the users will be able to purchase crypto-currency Bitcoin in the more than thousand newspaper shops all over the country.

For Australia, this is the very first experiment of such type. Thanks to it, the owners of newspaper shops will be able to vary the goods assortment and receive the fresh source of income. And the crypto-currency will become closer to the ordinary person.

The minimal sum of virtual currency purchase will be fifty Australian dollars. The commission fee is 4%. The both companies expect that during the very first year their creation will come to the level of fifteen million transactions with the medium crypto-currency purchase sum of 150-200 dollars.

Every shop, which is a member of the project, will be set an iPad. Using the specific application, the device will be able to establish contact with the payment platform. Generally, Bitcoin is expected to be sold in one thousand two hundred sale points all over the country.

This is especially essential in the context of the latest increase of the Bitcoin rate to the US dollar, which at the end of May enhanced on one hundred dollars for Bitcoin and is now around 580$/BTC.

One should also reminisce that in May this year, the Australian government has supported the recommendations on the regulations of Bitcoin trading platforms. There are reasons to assume that soon the legislative switches to the laws about countermeasures to the legalization of illegal earnings and terrorism financing will be made. These switches are necessary for the functioning of crypto-currency platforms in the country.

Integration of Solidity into Visual Studio

Henceforth, the phat amount of Microsoft programmers has a possibility to create their decentralized applications using Ethereum blockchain thanks to the cooperation inbetween the technological giant and Consensys – studio that specializes in the creation of such applications. They announced that programming language Solidity which is used for writing Ethereum contracts will be added to the Microsoft Visual Studio. This was announced on the yearly programmers’ conference Microsoft/Build on March, 30, where Vitalik Buterin and Consensys CEO Joe Lubin were present.

Solidity is Java-like programming language intended for writing smart-contracts on the basis of the Ethereum virtual machine. With the help of Solidity programmers can create, test, and run applications that bring to life business-logics programmed in smart-contracts. Integration of this language into Visual Studio is the next level of the growth of decentralized application platform.

According to Marley Gray, Director for development and strategy on blockchain at Microsoft, integration into Visual Studio will suggest programmers from big corporations the decisions with solid possibilities for creating smart-contracts of any size and complicity.

Vitalik Buterin comments: “Our main aim always was to facilitate the possibility to create applications on the Ethereum basis, and the integration of Solidity into Visual Studio will help to add Ethereum to the indeed big community of programmers. I am looking forward to the results of our cooperation”.

Joe Lubin stated that Consensys is productively cooperating with Microsoft, so that to supply the means of programming on Ethereum platforms to the broad community of corporation programmers. This will permit the millions of programmers to lightly run their smart-contracts using the Ethereum blockchain – private or corporate – and also run them by one click in the calculating cloud Microsoft Azure.

Andrew Case, Consensys co-founder, added that Microsoft was a flawless playmate and initiator of Ethereum integration. Integration of Solidity into Visual Studio will become one more step to the liquidation of obstacles on the way of blockchain technologies. It was a fine idea to announce the news on the //Build conference, it is an ideal place to tell the companies about the meaning of the Ethereum blockchain.

Please sign in

BAGBITCOIN

1. To use robots (bots).

Two. Multi- accounts (maintaining numerous accounts).

Trio. To use anonymous proxy.

Five. You might be banned if your referral claims with the same IP address.

The Bitcoin is a form of currency without notes and coins, it is a digitalcurrency.

In this era of Internet and digitization, we’ve moved from phone to VoIP calls, face-to-face meeting to movie conferencing, fax to email, cable television to IP TV, and the list goes on.

Who Developed The Idea Of Bitcoins?

The concept of Bitcoins was developed by Satoshi Nakamoto, who resides in total anonymity. He is said to be from Japan but his mail ID was from Germany, plus the bitcoin software was not available in Japanese. He developed the system and the Bitcoin software (that is used to run the system) in two thousand nine but disappeared into skinny air in 2010.

The other developers of the system stopped hearing from him in 2010, and slew of speculation turned up about his real identity. Some even suggested that his name was just a mashup of popular Japanese companies — SAmsung TOSHIba NAKAmichi MOTOrola. But what he created was undoubtedly the fantasy of every tech fellow in the world.

What Is So Special About the Bitcoin System?

The Bitcoin is a system which permits you to do anonymous currency transactions and no one will come to know about the payment or about all other info related to the payment, including who sent it, who received it, etc.

Satoshi did it by making the system – a peer-to-peer network – managed by no central authority but run by a network of contributors and freedom enthusiasts, who donated their time and energy to this innovation. Essentially, people can do money transactions and no authority or organization will come to know about it.

Satoshi Nakamoto was so talented that he even solved the problem of dual spending of digital currency in his system.

What is Dual Spending?

We can make many copies of digital data, e.g. people copy software and sell it as counterfeit or pirated copies. We may face the same problem with digital currency – one can copy the digital currency (let’s suppose USD10) and use it as many time as he/she like (as many notes of USD10).

Satoshi solved this problem by displaying all transactions in a public list. Whenever a fresh transaction is made, its validity is checked by confirming from the list that the digital currency was not used before. This way, no one can copy the currency and use it for more than one time. It’s a elementary but effective idea to stop dual spending of the same bitcoin.

How Does A Public Listing Make Things Anonymous?

The public listing only shows the transaction ID and the amount of currency transferred. You will be anonymous in the system because you don’t need to provide any of your individual details like your name, address, email, phone number, etc. In comparison, when you use payment gateways like Paypal you have to give up all these individual details.

How do you use Bitcoins then?

Bitcoins are kept in a digital wallet which you can keep in your computer, or on a website online, which will manage and secure your wallet for you. You can have as many wallets and bitcoin addresses (where you receive money from others) as you like.

What’s more, you can use Bitcoin software on top of Tor to prevent anyone from tracking your IP address – total anonymity assured!

How many people are using this?

At this very moment, Ten.71 million Bitcoins are in existence, which is like 207.929 million USD worth! In fact, the Canadian government is working on their own crypto-currency, named MintChip. (a glance:)

In one day, more than 45,000 transactions of a total of BTC Two.Five million (worth of USD48.Five million) is treated by the bitcoin network.

How Do I Acquire Bitcoins?

Using and getting Bitcoins is truly effortless. There are various ways to get Bitcoins:

  • ‘Mining’
  • Currency exchange (bitcoin in come back for Dollars or Euros) via bitcoin provider services like Mt.Gox
  • Providing services to others in come back of Bitcoins

What’s Mining?

Mining is a process of extracting Bitcoins currency. Bitcoin mining is a business – most people mint Bitcoins to build up profit. Bitcoins are minted using a special software (known as Bitcoin Miner) which attempts to find a fresh block in the chain of Bitcoin network.

Whenever a fresh block is found, its possessor is gifted with fifty Bitcoins. Technically, a computer has to perform long and harsh hash calculations to find a fresh block.

How Do You Spend A Bitcoin?

Spending Bitcoins is a bit lighter. You can send Bitcoins to a person, buy goods, or donate to non-profit foundations who accept it, such as Wikileaks, P2P Foundation, Operation Anonymous, Free Software Foundation,Archive.org.

You can send Bitcoins to anyone once you know their bitcoin address.

Blockchain technology is now considered by many people as a ideal way to reform the existing financial system. Despite the fact that the cases of using the distributed ledger technology in the monetary system are already known, its possibilities are not limited by the making payments and bills only. Ethereum community has been able to suggest the developers a fresh conception, built on blockchain technology – Decentralized Autonomous Organization, or DAO.

The advantage of Ethereum platform is the possibility of using automated smart-contracts. The smart-contract can be used as an agreement inbetween two or more sides, it checks all the provided data and determines whether they conform with the conditions of implementation. Unlike traditional contracts, smart-contracts do not need the human interference after their creation.

However, the main drawback of brainy contracts is the fact that they, as traditional agreements, are created by people. It means they are not fully autonomous. One of the ways to solve this problem is the creation of the fresh type organization, decentralized and democratic in the same type, based on blockchain. However, this doesn’t mean that this organization is incapable of providing the same set of the financial instruments, suggested by traditional institutions.

One could hardly imagine such organization without the centralized governing, but the Ethereum programmers have thought up the way to realize this conception. Eventually, there is no sense speaking about the decentralized system, if it has the single governing center. Decentralized autonomous organization on the basis of Ethereum blockchain fulfills exactly the functions of such center, however not in a way we used to. Every delegated member has the right to suggest suggestions regarding the realization of transactions for agreements or moving of Ether. Other community members have the right to accept or reject the transaction. After the registration of the necessary number of confirmations, the suggestion is considered accepted.

Everyone who ever dreamed of creating his own company or organization, can fulfill the fantasy using Ethereum. Taking part in creating DAO objects is the excellent way to jiggle the old-fashioned world of traditional financial instruments.

Creating and Using Bitcoin Wallet

Bitcoin, as any other real or digital currency, must have a place where it is kept. Since crypto-currency is a comparatively fresh thing, people sometimes feel uncertain about working with it. In reality, everything is effortless and rapid. Here is a brief guide on how to create and use a wallet for your crypto-currency.

Creating a Bitcoin Wallet is a matter of few minutes: you just put in your e-mail address and password (attempt blockchain.info, for example). Every wallet has an identifier, which you send to anyone who is going to make a transaction on your wallet. That’s all about Bitcoin Wallet creation.

However, there are some nuances about its usage and protection. You have to think about your Bitcoin wallet safety by paying attention to the following points:

– choose thoughtfully the services providing Bitcoin wallets. It’s better to choose big and trusted platforms.

– reminisce that Bitcoin rate is fairly changeable. So it is a good idea to keep petite sums on your Bitcoin wallet and convert excess funds into the currency of your country. Don’t put all your eggs in one basket.

– make the copy of your wallet. It will help you to restore the wallet in case something happens to your PC or mobile. And encode the network reserve copies!

– don’t leave behind to update your Bitcoin software: it will assure the better safety for your money.

One more thing that you should recall: Bitcoin transactions are not anonymous. Bitcoin is the most semi-transparent payment system in the world – all transactions are public and are saved in Bitcoin network. Every Bitcoin wallet has its own address, which is shown when the transaction is conducted, so all transactions from this address are connected. If you care about confidentiality, then use one address only once and don’t publish your wallet address on your website or network page.

Bitcoin Will Be Sold in Australian Newspaper Shops

The thickest Australian crypto-currency platform Bitcoin.com.au and Sidney financial startup Blueshyft have agreed about partnership. Thank to it the users will be able to purchase crypto-currency Bitcoin in the more than thousand newspaper shops all over the country.

For Australia, this is the very first experiment of such type. Thanks to it, the owners of newspaper shops will be able to vary the goods assortment and receive the fresh source of income. And the crypto-currency will become closer to the ordinary person.

The minimal sum of virtual currency purchase will be fifty Australian dollars. The commission fee is 4%. The both companies expect that during the very first year their creation will come to the level of fifteen million transactions with the medium crypto-currency purchase sum of 150-200 dollars.

Every shop, which is a member of the project, will be set an iPad. Using the specific application, the device will be able to establish contact with the payment platform. Generally, Bitcoin is expected to be sold in one thousand two hundred sale points all over the country.

This is especially essential in the context of the latest increase of the Bitcoin rate to the US dollar, which at the end of May enlargened on one hundred dollars for Bitcoin and is now around 580$/BTC.

One should also reminisce that in May this year, the Australian government has supported the recommendations on the regulations of Bitcoin trading platforms. There are reasons to assume that soon the legislative switches to the laws about countermeasures to the legalization of illegal earnings and terrorism financing will be made. These switches are necessary for the functioning of crypto-currency platforms in the country.

Integration of Solidity into Visual Studio

Henceforth, the big amount of Microsoft programmers has a possibility to create their decentralized applications using Ethereum blockchain thanks to the cooperation inbetween the technological giant and Consensys – studio that specializes in the creation of such applications. They announced that programming language Solidity which is used for writing Ethereum contracts will be added to the Microsoft Visual Studio. This was announced on the yearly programmers’ conference Microsoft/Build on March, 30, where Vitalik Buterin and Consensys CEO Joe Lubin were present.

Solidity is Java-like programming language intended for writing smart-contracts on the basis of the Ethereum virtual machine. With the help of Solidity programmers can create, test, and run applications that bring to life business-logics programmed in smart-contracts. Integration of this language into Visual Studio is the next level of the growth of decentralized application platform.

According to Marley Gray, Director for development and strategy on blockchain at Microsoft, integration into Visual Studio will suggest programmers from big corporations the decisions with solid possibilities for creating smart-contracts of any size and complicity.

Vitalik Buterin comments: “Our main aim always was to facilitate the possibility to create applications on the Ethereum basis, and the integration of Solidity into Visual Studio will help to add Ethereum to the truly big community of programmers. I am looking forward to the results of our cooperation”.

Joe Lubin stated that Consensys is productively cooperating with Microsoft, so that to supply the means of programming on Ethereum platforms to the broad community of corporation programmers. This will permit the millions of programmers to lightly run their smart-contracts using the Ethereum blockchain – private or corporate – and also run them by one click in the calculating cloud Microsoft Azure.

Andrew Case, Consensys co-founder, added that Microsoft was a ideal fucking partner and initiator of Ethereum integration. Integration of Solidity into Visual Studio will become one more step to the liquidation of obstacles on the way of blockchain technologies. It was a good idea to announce the news on the //Build conference, it is an ideal place to tell the companies about the meaning of the Ethereum blockchain.

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