There is increasing discussion in the Bitcoin community about a workable solution to the back-to-genesis problem. In nChain R&D we have developed a solution that can be implemented on the BSV blockchain today. It is a generic approach that involves a mathematical construction known as a zero-knowledge proof (ZKP) and can be implemented on many other blockchains as well, such as BTC.
We often get asked the question, ‘Is it better to use public or private chains for our enterprise needs?’. It’s a great question, meriting further discussion to outline the differences between the two and understand why blockchain must be public to unlock the full benefit of the technology. As the technology is still in its infancy, terminology …
The Internet of things (IoT) has brought new opportunities to the way products and assets can be tracked and managed across the supply chain. Yet, without the introduction of lightweight device authentication, security and privacy concerns will continue to add to the already high cost of IT infrastructure that makes near real-time data collection possible…
The iGaming industry is characterised by its rapid growth and tech-savvy platforms. The global online gaming market is forecast to grow to £160bn by 2026. Naturally, it’s positioned to seize the opportunity that modern technologies present. One of the most promising solutions that have the potential to bridge the gap between legal and illegal iGaming markets …
In this follow-up to the introduction on why understanding data integrity, utility, and scalability is critical to any discussion of proof of work or Bitcoin energy consumption, we derive three foundational pillars for the sustainable use of energy by proof-of-work blockchains…