Bitcoin – the original and still de-facto blockchain of choice recently reached its tenth birthday. A mere 10 years later, and the network is still capped at around 7 on-chain transactions per second, with an average block confirmation time of 10 minutes. While it is all-but certain that these technical barriers will eventually be a […]
Continue ReadingFew technologies garner as much attention and enthusiasm as blockchain technology and artificial intelligence (AI). Both technologies are featured prominently in Deloitte’s 2019’s Tech Trends Report, and they are drawing significant investments at the enterprise level. For instance, PwC’s 2019 Global Blockchain Survey found that 84% of executive-level survey respondents indicated that their companies are […]
Continue ReadingZUG, SWITZERLAND / ACCESSWIRE / August 30, 2019 / Velas AG is pleased to announce the launch of two new cryptocurrency wallets, enabled by the Velas blockchain. Velas is the world’s first blockchain powered by artificial intuition, providing it with unprecedented levels of productivity and security. The new wallets will provide users with instant, secure […]
Continue ReadingThe crypto space is continuously expanding, and so is the number of blockchains. The abundance of projects might seem overwhelming at this point, but that doesn’t mean that new players should be overlooked, as some of them seem to present innovative ideas that could actually push the industry further. Enter Velas, a type of delegated […]
Continue ReadingVelas says substantial hurdles are holding the industry back. Many blockchains are centralized to some extent, and scalability is an ongoing concern that has yet to be addressed adequately. Although still relatively in their infancy, major networks such as Bitcoin and Ethereum are already running at maximum capacity — hampering efficiency and increasing costs. And, […]
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The capabilities of blockchain technology appear to be getting stronger and stronger. While the likes of Bitcoin and Ethereum are still limited to a capacity of just 7 and 15 transactions per second (t/ps), respectively, a number of alternative networks are now in the tens of thousands. One such example of this is Switzerland-based blockchain […]
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Gartner’s hype cycle methodology provides a means of modeling the evolution of any given technology, and it’s almost scarily accurate. The internet went through it, artificial intelligence went through it, and now blockchain is going through it, too. The timeline says it all. After Satoshi Nakamoto pulled the innovation trigger in launching Bitcoin in 2009, […]
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During the blockchain hype of 2017 and 2018, it was difficult to establish who exactly needs a blockchain and why. The market became flooded with innovations, ideas, and scams as startups and established enterprises alike looked for ways to profit from the technological revolution. As the hype died down, many critics accused blockchain as being […]
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Venezuela’s largest department store will install blockchain-enabled cash registers in its 49 retail outlets. The megastore operator Traki announced August 22, it will integrate Singapore-based Pundi X’s point-of-sale device, XPOS, to offer a cryptocurrency payment rail for shoppers. Already available in 30 countries, Pundi aims to sell 100,000 XPOS devices by 2021. This is part […]
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BITCOIN is showing signs of weakening under the pressure of mounting criticism from the White House as people are being put off investing in the digital asset. Two months ago, BTC was flying high and looking to build on a drive towards $14,000 with the wind in its sails and a growing trading volume What […]
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