Blockchain for beginners

The Canadian miner is launching its high-performance cloud computing business, which is 25 times more profitable than mining. Crypto mining company Hive Blockchain (HIVE) posted losses in the fiscal third quarter as the switch from the Ethereum blockchain to proof-of-stake validation reduced its mining revenue and gross margin by approximately 50%. The Vancouver-based firm reported

The Australian government is awarding $4.1 million in grants for two blockchain-based pilot projects to study the potential of blockchain technology in supply chain systems. Prime Minister Scott Morrison's government says the investigation will help ease regulatory compliance burdens, according to a press release on Monday. The government has invested approximately A$5.6 million (US$4.1 million)

Riot Platforms Inc., one of the largest Bitcoin miners, said a significant portion of its operations are still offline due to damage from severe winter storms in Texas. The company has a 750-megawatt capacity Bitcoin mining facility in Rockdale, Texas, one of the largest sites for computing power crypto mining in the world. Riot said

Blockchain agriculture enables traceability of information in the food supply chain to improve food safety. Blockchain's ability to store and manage data creates traceability, which is used to facilitate the development and use of innovations for smart agriculture and index-based agricultural insurance. It is a huge step forward in the world of modern agriculture. But

China's state-backed Blockchain Service Network (BSN) plans to roll out infrastructure later this month to support the deployment of non-fungible tokens (NFTs), an important step in creating a Chinese NFT industry that is not tied to the cryptocurrencies. Although Beijing has banned cryptocurrencies, He Yifan, CEO of Red Date Technology, which provides technical support to

Start a blockchain company 1. How to start a blockchain company the basics The barriers to entry for starting a blockchain company are relatively low compared to other industries. All you need is an idea, a team of talented developers, and a white paper outlining your project. However, these days, it is not enough to

Microsoft has decided to shut down its Azure-based blockchain-as-a-service platform and is asking users to migrate their data to an alternative of their choice. According to a blog post on Monday, the software giant has been quietly informing customers about the best way to jump ship before September 10. Support for new implementations or member

On the Bitcoin network, the average confirmation time for a BTC payment is about 10 minutes. However, transaction times can vary wildly, and we'll explain why here. Ahhh blockchain. It's the future of money, you know. But even though cash sent through traditional banks often arrives in accounts instantly, a Bitcoin transaction can take a

SoftBank Group is unlikely to invest in cryptocurrency or other blockchain businesses during the first half of 2023, sources familiar with the Japanese conglomerate's Vision Funds have told Forbes. The hiatus began sometime last year. "One of the partners there said, 'Hey, we're completely sidelined for the rest of the year, maybe the first quarter

Blockchain is becoming a legitimate disruptor in a myriad of industries. The technology has become so promising that none other than the tech giant IBM is investing more than $200 million in research. Also, more than 90% of European and US banks are investigating blockchain options. Technology can revolutionize health security, government, finance, insurance, and

As Facebook's crypto project continues to lose talent, venture investors are giving alumni big bucks to do their own thing. The latest example is Mysten Labs, a blockchain and cryptocurrency infrastructure technology startup founded by four former Facebook engineers, including Evan Cheng, who was director of research and development at Facebook's Novi financial products unit.

Chiliz is a Malta-based FinTech provider that is redefining the way sports fans interact with their favorite teams. Chiliz's core offering is the Socios platform, a blockchain-enabled sports entertainment platform that provides users with a variety of ways to vote directly on decisions affecting their favorite teams. The rich variety of features on the Chiliz

Good news for the Blockchain world, as the use of hard-to-remember codenames in the world's largest crypto wallet provider will not be mandatory. Blockchain.com has announced that it will allow people to use human-readable usernames in blockchain transactions, made possible through a partnership with Unstoppable Domains. Unstoppable Domains is a domain name provider for blockchain,

Manufacturing Global examines the influence of blockchain technology on the industry As factories around the world become more and more interconnected, the influence of the blockchain is becoming more prevalent. The Factory of the Future encompasses a whole network of machines, parts, products and value chain participants, including machinery suppliers and logistics companies. Now, more

New technology that promises to solve Ethereum's growth woes is gaining traction, raising the stakes that one day most of the network's transactions might not take place on its own blockchain. For years, slow speeds and high transaction fees have plagued the network that underpins the $550 billion Ether cryptocurrency, home to the most popular

Athletes like Tampa Bay Buccaneers tight end Rob Gronkowski are using blockchain to up their nutrition game. The NFL star will sweat it out on Saturday in a live demo from Tampa, Florida, where his health data will be tracked in real time and recorded on the Beyond Protocol blockchain, a non-hackable service that will

Over the weekend, a Pune-based couple became the first to hold a blockchain wedding in India. The wedding took place on the open sea platform. What is the Blockchain? For those who don't know, a blockchain is a permanent, publicly distributed ledger that verifies transactions, records events, and is resistant to data modification. Each new