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Blockchain’s Organic Revolution

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Eugene Kyselev Recently spoke to JAXenter about his career as a Blockchain developer and Blockchain disruption, which he believes that the technology is not actually disrupting industries but that it is an organic revolution.

This is what he had to say…

Organic Revolution

JAXenter: When did you decide to become a blockchain developer?

Eugene Kyselev: I like learning new technologies; new approaches, programming languages, frameworks, tools, concepts are very inspiring. For example, when you develop a blockchain application, you need to learn a lot about cryptography. And it is an amazing experience. What’s more, my family got involved in blockchain starting from 2012.

JAXenter: What are blockchain’s main issues that make its success unlikely?

Eugene Kyselev: I would define three major issues as of now:

  • First, blockchain technology uses a completely new vocabulary which is not so easy to understand.
  • Second, blockchain transactions are very slow. It may last up to several days because of its nature.
  • Third, due to its current uncertain government regulation status, it cannot be used freely worldwide.

JAXenter: What industries can blockchain be disruptive for? 

Eugene Kyselev: I wouldn’t say that blockchain is disrupting industries. On the contrary, lots of companies like IBM and SAP implement blockchain. IBM also released a complex “IBM Blockchain 101” guide. This is an organic evolution.

Thanks to blockchain, it will become easier to regulate all government processes and consequently, there will be no room for corruption. All records will be public and everyone will be able to take a look at governmental expenses.

During elections, for example, it will become harder to falsify results. But the other side of the coin is that blockchain could have a negative impact on ecology. Every transaction [and every unit of mining node] needs electricity which generates huge energy consumption. If blockchain grows at the same pace in the next five years, we might experience electricity issues.

JAXenter: Many countries have launched their own cryptocurrencies. For example, there’s Electroneumin England. What does the future hold for this cryptocurrency?  

Eugene Kyselev: Many people think that Electroneum is British national cryptocurrency; no, it isn’t. In fact, it’s a private project developed by mobile and online gaming markets.

In my opinion, there’s a lot of work to be done before a country can release their national cryptocurrency. But I doubt that governments will risk that much, it is more likely to continue using traditional money. If Ukraine develops a national cryptocurrency, for example, I think this will lead to an irrevocable economy depression.

JAXenter: As far as I know, you were working on a cryptocurrency project yourself. What does a Blockchain project implementation normally include?

Eugene Kyselev: 

  • Stage 1 — use case is identified and a technology plan scoper out
  • Stage 2 — is a proof of concept (POC)
  • Stage 3 — is a field trial, which involves a limited-production run with customer-facing data, which is stepped up to involve more customer-facing products and data volumes.
  • Stage 4 — full-volume rollout in production

Some of the systems that are being converted are being explored more out of interest rather than being directly driven by customer value. So what areas of blockchain deliver the most customer value? That’s the key question that should be asked.

JAXenter: There seems to be a shortage of blockchain developers Where can IT companies find blockchain developers for their projects?

Eugene Kyselev: There are a lot of recruitment agencies to help with that. Typically, they search for candidates that would fit your team.

A new, yet very popular trend nowadays is to outsource developers. Mobilunity, for example, takes over the whole recruitment process, selects candidates in accordance with your requirements, interviews them, sets up the environment and cares about motivation and staff retention.

JAXenter: To sum up, how can cryptocurrency change our lives in the near future?

Eugene Kyselev: This is not only about cryptocurrency, this is about blockchain in general. We already feel the social impact of blockchain but we should not expect drastic changes too soon.

Blockchain will help lower the costs for verifying and securing data privacy. Thanks to blockchain, everyone will have access to information whenever, wherever. Bureaucracy and corruption will sink into oblivion. And there is more to come.

Source: https://jaxenter.com/

Cryptocurrencies

Atari Announces Crypto Investment

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According to a press release, Atari is moving to create its own cryptocurrency, called the Atari Token. The token ill be Blockchain based, and it will be developed by Infinity Networks.

Atari Crypto

The company is also moving towards a partnership with Pariplay, an online casino gaming company. This will enable players to gamble crypto while playing their games.

There are also plans of a second cryptocurrency called the Pong Token, which will be used in crypto casinos.

Frederic Chesnais, Chairman and Chief Executive Officer, said:

“Blockchains technology is poised to take a very important place in our environment and to transform, if not revolutionize, the current economic ecosystem, especially in the areas of the video game industry and online transactions […] Our objective is to take strategic positions with a limited cash risk, in order to optimize the assets and the Atari brand.”

It seems strange that many companies that were not actually related to the crypto community are now taking the opportunity to make key investments in order to thrive on the market of the future ruled by digital currencies and Blockchain.

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Visa and Worldpay Duplicate Charges

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Visa and the company known as Worldpay have issued a statement today where they assume full responsibility for charging Coinbase users multiple times for a transaction.

Visa/Worldpay Duplicate Charges

Charges

Visa said earlier on Friday:

 “not made any systems changes that would result in the duplicate transactions cardholders are reporting.”

The recent statement clarified the issue:

“Over the last two days, some customers who used a credit or debit card at Coinbase may have seen duplicate transactions posted to their cardholder accounts. This issue was not caused by Coinbase.”

They also said that:

“If you continue to have problems with your credit or debit card account after this reversal period, including issues relating to card fees or charges, we encourage you to contact your card issuing bank. We deeply regret any inconvenience this may have caused customers.”

Brian Armstrong, CEO of Coinbase said that he was glad to see the record set straight.

 

 

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The Largest Blockchain Education Network

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Robyn Shulman from Forbes recently got the opportunity to speak with Jeremy Gardner and Jinglan Wang from the Blockchain Education Network, to discuss about their lives in the BEN.

Blockchain Education

 

Robyn Shulman: Jeremy, can you tell us about your life, how you got into Bitcoin, your businesses and the founding of BEN?

Jeremy Gardner: In late 2013, after working for the Governor of Massachusetts and the woman who is now Attorney General there, I realized a career in politics would not enable me to improve the world better in my twenties. Thus, I sought a new way to have a broad social impact.

Shulman: What did you do?

Garnder: I transferred to the University of Michigan in the winter of 2014 and happened to move in with a young Bitcoin enthusiast, who encouraged me to learn about this nascent technology and join the “UM Bitcoin Club.” At the first Bitcoin Club meet-up, a reporter came and asked questions, and mentioned that there were Bitcoin clubs at MIT and Stanford.

Shulman: This is where it all began?

Gardner: Yes, that night, I got on a call with the heads of all the clubs, and at the end of the call, I suggested we create a nonprofit organization to coordinate our activities.

Shulman: How long did that take?

Gardner: Only one month later, what is now the Blockchain Education Network, we were incorporated. By the end of the semester, we had over 100 chapters, in twenty-plus countries, on every habitable continent.

Shulman: And you began launching businesses through the network, correct?

Gardner: Yes, through the nonprofit, I would meet a brilliant 18-year-old computer scientist, named Joey Krug, and we would go on to help found Augur, one of the first decentralized applications built on top of the Ethereum blockchain.

After our ICO, which was one of the first ever, I joined a local San Francisco venture fund, Blockchain Capital, as an entrepreneur-in-residence and investor. While there, I became the founding editor Distributed magazine and the co-founder of a legacy database security company, SAAVHA. As of this year, I am launching a hybrid venture-hedge fund, called Ausum Ventures, which focuses on making broadly impactful investments in the blockchain space.

Shulman: Jinglan, Can you tell me all about BEN?

Jinglan Wang: The Blockchain Education Network is a global web of over 3,000 students with 300+ chapters in 60 countries. Our mission is to help create a world that is more open and free, by promoting technological literacy with decentralized technologies because we believe in autonomy, financial sovereignty, and access to truth.

Some of our chapters include MIT, University of Toronto, Fudan University, University of Michigan, Oxford University, UC Berkeley and Wellesley College in no particular order.

Shulman: Have you run into any resistance to build out these organizations given the current climate of this technology?

Wang: In the past, several clubs found some resistance with the administrations at their schools. Some administrations felt that Bitcoin still had a shady reputation and didn’t want to have it associated with the university name.

Gardner: As blockchain technology has become more mainstream, they’ve even been quite encouraging.

Shulman: What’s it like to be part of BEN?

Wang: BEN teams have placed at every single hackathon that they’ve been part of to date. We’ve sent 500+ students to conferences around the world and launched dozens of free and open education initiatives globally.

Young innovators have found their co-founders through our network, launched their startups from hackathons we sent them to, and most importantly, made lasting friendships through shared passion for blockchain technology.

To read more click here

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