"Alternative blockchain" refers to a different version or type of a digital ledger system that is used to record and validate transactions. It offers an alternative to the traditional blockchain technology, with potential varied features and purposes.
Full definition
For alternative blockchain startups and development teams, conferences and discussions focused on blockchain protocol analysis can help in building stronger and more robust blockchain infrastructures.
«For example, Sidechains aim to
create alternative blockchains hanging off the main blockchain, which would help limit the costs of the main blockchain.
But most of these banks are using technology provided by Bitcoin rivals that
developed alternative blockchain tech and tokens that are currently trading on exchanges right alongside Bitcoin.
In his Telegram message, Beder wrote that neither networks like Raiden nor
alternative blockchains like EOS are ready for kin, but he added, «Stellar is indeed one of the directions we're investigating.»
There, Kik's head of blockchain engineering and security, Leonid Beder, said the firm was interested in «kin» token buyers» views on
possible alternative blockchains that could replace ethereum.
In India, there has been very little interest in
alternative blockchain assets due to it being difficult to convert digital assets into bitcoin and INR.
We were the first to introduce sending bitcoins via e-mail from the ATM, offer fingerprint authentication for strict KYC / AML, implement support
for alternative blockchains and issue NFC wallet cards directly from the ATM!
Cointelegraph Asset management firm Fidelity Investments has become the first financial member
of alternative Blockchain research group IC3.
For those not familiar with the company, Blockstream's remit revolves around sidechains;
alternative blockchains that are able to interact both ways with the bitcoin blockchain, and in doing so, allow interoperability between the bitcoin blockchain and networks of other sidechains.
The most obvious answer here would be that the Litecoin and Bitcoin codebases are extremely similar, which made it easy for Abra to port their technology over to
the alternative blockchain.
Barhydt also pointed to the low likelihood that fees on the Litecoin network would hit the multi-dollar range during the next bull market and litecoin's relatively high level of liquidity as two other reasons Abra is now building on top of
the alternative blockchain.
To date, the platform has conducted four hard forks, with only one resulting in the creation of
an alternative blockchain, ethereum classic.
A sidechain is
an alternative blockchain to Bitcoin that uses the same Bitcoin currency through a pegging mechanism.
Thursday was bitcoin cash's second major spike of the month, with more traders backing
the alternative blockchain.
In a nutshell, «user - activated soft forks» (UASFs) are one of a few ways of pushing through consensus rule changes - rules that all nodes need to agree on unless they want to be left on
an alternative blockchain.
Ethereum,
an alternative blockchain technology framework which offers higher flexibility and programmability for smart contracts, is gaining momentum at an impressive rate, despite momentary setbacks like the recent drama around The DAO.
A controversial bitcoin scaling solution is seeing increased interest on
another alternative blockchain network.
The idea, they described, would allow for the existence of
alternative blockchains, perhaps with different rules allowing various kinds of additional features or transaction types, but with a currency unit whose value is pegged to that of the bitcoin.
As of this morning, miners securing
the alternative blockchain litecoin can now begin signaling support for Segregated Witness.
CoinDesk explores why bitcoin industry businesses are increasingly demonstrating an interest in
the alternative blockchain platform Ethereum.
Unlike other decentralized asset trading platforms, Nasdaq plans to utilize the colored coin protocol Open Assets based on the Bitcoin blockchain instead of developing
an alternative blockchain or digital currency.
Both ethereum (ETH) and
its alternative blockchain ethereum classic (ETC) suffered weekly losses as the two currencies seem clouded by uncertainty.
The network will also provide a communication channel between academia and Bitcoin Core developers on the many bitcoin testnets,
the alternative blockchains used for testing code before actual live deployment on the bitcoin blockchain.
Currently, through partnerships like R3 CEV, some of the largest banks in the world are researching blockchain technology, in particular with Ethereum,
an alternative blockchain from Bitcoin.
Yet questions remain about which network the token will operate within, given that one document released today highlights the ethereum network, while another, constituting a buyer's guide, cites
an alternative blockchain system called NEM.
«Right now people are kicking the tires, in terms of user testing and having spending between each other,» Dryja said, adding that such experimentation is ongoing on Testnet3,
an alternative blockchain that replicates network conditions without using real bitcoins.
Yet, as mentioned, that definition might sound underwhelming in the context of ethereum,
the alternative blockchain applications platform that allows developers to create virtually any kind of smart contract.
Despite the sparse announcements so far, though, there is one group that appears to be taking the idea
an alternative blockchain could be created with some degree of seriousness: ethereum developers, many of whom are cautious after what happened with ethereum classic.
Yet, the change was not without its critics, and the fork resulted in the creation of bitcoin cash,
an alternative blockchain spun off from bitcoin's code and which boasted 8 MB blocks.
This one is again
an alternative blockchain type technology that is looking to improve on the efficiency and speed (as well as security) offered by the sort of technology that underpins more common cryptocurrencies like bitcoin.
Ethereum has gone through four hard forks and has only once created
an alternative blockchain, Ethereum Classic.
Further, Buterin encouraged the Ethereum Classic team to execute an additional hard fork that would guard its blockchain from «replay attacks» by moving classic ethers, or the currency units on
the alternative blockchain, to new accounts.
In addition to the entrepreneurs building on the bitcoin blockchain, the quarter provided ample validation for
alternative blockchain - based projects, ranging from the expansion of permissioned distributed ledger efforts to the launch of Ethereum, an alternative public blockchain that enables functionalities like smart contracts.
R3CEV has released a new report evaluating how
the alternative blockchain platform Ethereum could be used by banks engaged in consortium and private blockchain initiatives.
Key stakeholders behind
the alternative blockchain platform ethereum are debating changes to the platform's code after millions of dollars in ether were diverted from a major project by...
Key stakeholders behind
the alternative blockchain platform ethereum are debating changes to the platform's code after millions of dollars in ether were diverted from a major project by an alleged attacker.
Ethereum is
an alternative blockchain that bears many similarities but also many differences to Bitcoin.
The other group, trying to take bitcoin's expansion in a different direction, would like to see the acceptance and adoption of
an alternative blockchain.
BOScoin, Trust Contracts and the Congress Network operate on top of
the alternative Blockchain called OWLchain.