Overstock CEO Patrick Byrne has partnered with a well - known economist
on a new blockchain land registry venture, and might sell the firm to fund it.
The funding model, through which the sale and distribution of cryptographic tokens would be used to kickstart
work on a new blockchain network, was at the heart of The DAO, the now - defunct funding vehicle that raised millions of dollars in ethers in 2016 through the sale of DAO tokens.
Netki IDs are already in use in the U.S. and Europe on the Bitcoin and Ethereum blockchains, and the company is hoping to expand its service both to new jurisdictions around the world and
on new blockchain networks.
Miners were able to successfully create a
block on a new Blockchain, called Bitcoin Cash, at roughly 2:14 p.m. ET on August 1, 2017.
However, it won't be until November 1, or even a bit later, that the code will be released to the public and the first block is
mined on the new blockchain, the Bitcoin Gold developers told me in their official Slack channel.
Called Bitcoin Cash (BCC), the effort will effectively fork bitcoin's existing software and transaction history, and in the process, give every bitcoin user new cryptocurrency
tokens on a new blockchain with different rules.
In fact, if you had a Bitcoin balance in your Luno wallet at the moment of the fork, you would have received the same balance of
coins on the new blockchain.
After the fork, Bitcoin Cash transactions started to be
recorded on a new blockchain, specific to Bitcoin Cash, while bitcoin continued to maintain the original bitcoin blockchain.
A community in the Upper Rhymney Valley of Wales, United Kingdom that has had enough of dirty coal will
fundraise on a new blockchain platform that accepts only the Ether cryptocurrency.
While companies like Overstock's tØ are building top - level networks that ride on top of the bitcoin blockchain, other startups are
building on new blockchains.
The Chinese smartphone maker is reportedly in negotiations with Sirin Labs, in a bid to license the latter's SIRIN
OS on its new blockchain smartphone.
Any unspent BTC are
valid on both new blockchains if there is a split in consensus, and unless the minority chain miraculously increases its usage to match or surpass the majority, it will quickly be rendered worthless, and people will take their transactions back to the main chain.
Japan's Hitachi is working
on a new blockchain test, one that explores how the tech could power its rewards points program.
After running into roadblocks this morning, miners were able to successfully create a
block on a new blockchain, called Bitcoin Cash, at roughly 2:14 p.m. ET today.
Overstock CEO Patrick Byrne has partnered with a well - known
economist on a new blockchain land registry venture - and he may wind up selling the e-commerce giant in order to fund it.
Instead of creating a coin to
work on a new blockchain, as many other cryptocurrency projects have done, Binance will now create a blockchain for its Binance Coin (BNB).
«Most people who like Ethereum are comfortable with it being
on a new blockchain,» he said.