Block chain Technology : Views and Challenges For This Year

Block chain technology is undoubtedly the most innovative technology in this generation. The post summarizes some key views through out last year and end up with what bitcoin an block chain technology has for the future/

McKinsey: The blockchain industry is in the first stage of development

According to bitcoinist news, McKinsey & Company released a report on the blockchain. The report shows that blockchain technology has not transitioned to its pioneering stage. At the same time, the company pointed out that payments may not be the best use case for complex technologies such as blockchain. From 2017 to 2018, the entire industry has capital inflows from venture capital firms and large companies. According to CoinSchedule, the blockchain project has raised $21 billion in 2018, but little progress has been made. At present, the industry is in the first stage of development, and its investment should bear fruit in the form of product launch.

Blockchain and virtual reality (VR) are playing an influential role in the art industry

According to the Oriental Fortune Network, the combination of blockchain and virtual reality is changing the art world by creating new forms of art and enhancing existing art forms. With the increased participation and support of artists and audiences around the world, similar technologies can be used to form an ecosystem in the near future, where art can be created and appreciated indefinitely.

Ma Yun: Bitcoin or bubble blockchain is a tool to open gold mines.

According to Sohu.com, at the 20th China Association for Science and Technology Annual Meeting, Ma Yun once again talked about bitcoin and blockchain. In its view, bitcoin may be a bubble, and blockchain as a technical tool is an effective tool to open financial technology gold mines.

Placeholder co-founder: The mainstream has forgotten Bitcoin

According to ccn, Placeholder co-founder Chris Bernice said that the mainstream has forgotten Bitcoin. However, this is not a disturbing thing. This is the normal stage of the development of encryption technology to the market, but Bitcoin may once again occupy a place in the “winter”. Burniske may refer to media that have stopped reporting on the encryption industry, or may be a mainstream investor who is frustrated by the so-called “encrypted winter.”

Princeton University is restarting Bitcoin free online courses

According to dailyhodl, Princeton University is restarting a free online course on bitcoin and cryptocurrency. The course is open to the public and is currently of interest to more than 9,000 students. Course instructor Arvind Narayanan aims to give students a grasp of how Bitcoin works and what determines the price of Bitcoin. Students will also learn how to design security software for Bitcoin network interaction. It is reported that the course will begin on September 4, 2015, starting on January 6th, 2019, and the other will begin on January 21.

Blockchain can completely change energy use in Africa

According to the energymixreport message, with the advent of the blockchain, it is possible to create an auditable encrypted classification account that records energy consumption and credit history between households providing energy transactions; giving consumers more control over their energy needs and consumption. A recent project at the Brooklyn Microgrid provided participants with the choice of locally choosing the energy they like. Using the mobile application Exergy, residents with solar panels on the roof (so-called professional consumers) can sell excess solar photovoltaic energy to residents of solar photovoltaic panels that are not connected to the microgrid. Blockchains enable secure transactions, and platforms like this can help small energy consumers realize power trading.

QR code fraud can result in the theft of $50,000 in BTC per year

According to unhashed news, public key sharing is rapidly becoming the target of attackers who use QR codes. The QR code is a simple scannable image that represents a string of text. Mobile wallets typically rely on QR codes because they provide users with a way to share wallet addresses without typing. The problem is that QR codes are easy to generate and indistinguishable, and various malicious sites are taking advantage of this feature. Many malicious websites also offer the same functionality when they implicitly insert their own addresses. This technique is called a man-in-the-middle attack because the attacker actually cannot access the wallet, they just intercept and redirect the transaction. Since malicious websites often change the addresses they use, it is difficult to say exactly how many cryptocurrencies these websites have stolen. However, after examining three different websites ranked high in Google search results, it is clear that a small number of websites have stolen a large amount of funds in a short period of time. It is estimated that only three websites will steal more than $47,000 in one year. Bitcoin.

BTC’s transaction fee in January 2019 has reached its lowest level in three years

According to icoexaminer, according to the latest data released by Bitcoin Vision, the transaction fee for Bitcoin on January 2019 has reached its lowest level in three years, with a median of $0.02 per transaction. January 1, 2019: Median bitcoin tx cost = $0.02, total transaction = $234,576; October 13, 2015: median bitcoin tx cost = $0.02, total transaction = $134,741.

The long-term prospects of cryptocurrency are bright

According to the Coingape news, although 2018 was a bad year, the value of most cryptocurrencies fell by 80%, but at the beginning of 2019, the mood of analysts and investor communities showed some enthusiasm to some extent, most people Both believe that cryptocurrencies should prosper. As the world is gradually accepting the latest form of “currency,” the long-term prospects for cryptocurrencies are now bright.

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