«Bitcoin is a relatively
successful application of blockchain technology,» details the translated commentary from congresswoman Wu Xiaolin.
Bitcoin's
successful application of blockchain technology as a cryptocurrency spawned a new wave of cryptocurrencies that are collectively commonly referred to as altcoins.
Not exact matches
The following month, the DTCC revealed that the partnership with Axoni had resulted in the
successful tests
of 85 structured use cases for
blockchain applications in credit default swaps.
In addition to seeking more efficient ways
of voting using
blockchain tech, Singer says a proof -
of - concept is currently being tested for an undisclosed
application that, if
successful, could eventually help connect the US and Canada.
Over the past few months, the entrance
of successful decentralized
applications such as CryptoKitties, CryptoKribs, Bancor and EtherCraft had led the Ethereum
Blockchain network to struggle with scaling issues.
The idea to presale coins
of a token or cryptocurrency
of a
blockchain project has evolved in a super
successful tool to raise funds for the development
of a new
application.
If
successful, the privacy - oriented, public
blockchain could eventually form the foundation
of an ecosystem
of distributed
applications built by both consumers and big banks looking for a more private means to transact.
The rise in the popularity
of successful decentralized
applications such as CryptoKitties, EtherDelta, and 0x have congested the Ethereum network, which is already processing more transactions than all
of the
blockchains in the global market combined.
The foundation
of an e-governance system will be tested here, and when
successful, the cooperation between the Chinese government and VeChain will likely lead to many more implementations
of VeChain's
blockchain applications, giving the VeChain platform a major competitive advantage.