Blockstack, the open source browser that provides decentralized applications has announced a roadmap to plan its decentralization process. The company hopes to build an ecosystem of similar entities to build a decentralized network. Announced via a blog post on Friday the co-founders of Blockstack Ryan Shea and Muneed Ali affirmed the prospect of decentralized apps and want to ensure that their platform does not, “have any single points of failure or control.”
We’re building an ecosystem and not just a single company. Announcing first steps in our path to decentralization: https://t.co/zacrMRhZPp
“What we are building does not look like a platform backed by a single company, but a decentralized ecosystem; this is a new type of enterprise with no blueprint,” stated the blog post. The key point addressed in the blog post was corporate governance. Blockstack, being an open source software can be procured by anyone, anywhere and hence wants to promote the features of “open membership” and “consensus mechanism.” Forging a path towards decentralized governments the company lays out four broad points that will help initiate the process. Blockstack aims to set up a non-profit foundation that helps to further the digital fundamental rights and makes certain that the decentralization of the internet is maintained. Patrick Stanley, Head of Growth at Blockstack PBC will be the interim head of this foundation. One of the authors of the post and co-founder, Ryan Shea will be departing the company to build a new entity. Larry Salibra, a Blockchain engineer will move to start a Hong Kong company while Muneed Ali will remain at Blockstack. Blockstack also hailed the investment impetus that its Signature Fund has made. The fund has invested in 8 startups that focus on building decentralized apps and protocol including the likes of CoinTracker, Afaria, and Casa. This breakdown into several companies operated by a group of people who were core to Blockstack is an aim to build a bigger, more decentralized ecosystem. The core purpose of this fragmentation of control is to avoid an autonomy overlap and to ensure that entities and people are independent in management. “The path to decentralization will be a long journey, but it’s an essential one if Blockstack is to grow to its potential as a new network that preserves digital rights,” concludes the blog post. See also: Magic Cube to build a new decentralized gaming ecosystem on NEOSee also: Bithumb next in line to launch decentralized exchange
The TRON Foundation, an organization created to support the development of the TRON network, has recently announced a $20 million TRX token buyback that’s set to “promote community activity and market stability.”
The United States (US) City Riviera Beach, Florida, paid a ransom of around $600,000 in Bitcoin (BTC) to cyber criminals. The anonymous hackers took control of the city’s systems a few weeks back as part of a perturbing tendency striking a multitude number of administrative systems in the US. The attackers demanded the ransom to be paid in Bitcoin, the world’s oldest cryptocurrency.
The Binance exchange and Paxos, the regulated digital asset trust company, have entered a collaboration to integrate a new deposit gateway on Binance.com. It will significantly facilitate fiat-to-PAX exchanging procedures.
Swiss stock exchange SIX Group has asked the Swiss central bank to issue a cryptocurrency for payment settlement, swissinfo writes. So far, the Swiss National Bank has treaded cautiously around cryptocurrencies. Nonetheless, SIX would like to list a bank-issued, CHF-pegged stablecoin on SDX—its digital securities trading platform targeted at qualified investors, to be launched early …
Как сообщает Bloomberg, активы основателей криптобиржи Gemini Кэмерон Тайлера и Кэмерона Уинклвоссов с января этого года удвоились благодаря стремительному росту цифрового золота. Согласно индексу миллиардеров Bloomberg, состоящие преимущественно из биткоина и других криптовалют активы братьев-близнецов достигли $1,45 млрд — высочайшего значения с марта 2018 года. Примечательно, что в начале года этот показатель составлял $654 млн. Между тем, согласно последним данным, общая сумма активов под управлением (AUM) компании Grayscale достигла $3 млрд: 6/26/19 UPDATE: Holdings per share, net assets under management and digital assets per share for our investment products. Total AUM: $3.0 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/pDDGyif5kj — Grayscale (@GrayscaleInvest) 26 червня 2019 р. При этом подавляющее большинство крупных инвесторов предпочитают инвестировать в активы на базе первой криптовалюты. Так, AUM траста Grayscale на базе биткоина в настоящее время
Amid a surge in income-generating smartphone apps, Incent is making itself heard. The crypto rewards platform offers a unique opportunity for regular shoppers to earn a passive income. Amid a surge in income-generating smartphone apps, Incent is making itself heard. The crypto rewards platform offers a unique opportunity for regular shoppers to earn a passive income.
Waves (WAVES) has finally added functionality for smart contracts to its network, deployable through the RIDE programming language. This will enable global developers to harness and utilize a fully-powered decentralized ecosystem to build dApps, as per a press release, June 25, 2019. More Focus on Smart Contracts The decentralized network…
On both BTC and USD trading pairs, Litecoin needs some support to step in and save market structure. Confirmation of support could save it for renewed uptrend; capitulation here would break market structure on both charts.