Blockchain’s energy consumption, as portrayed in mainstream media, is controversial and widely misunderstood. The criticisms are rooted in fundamental misconceptions of proof of work and other elements that underpin a scalable blockchain system such as the BSV blockchain, on which nChain builds its solutions…
nChain’s Chief Scientist, Dr Craig S Wright, gave a keynote presentation on March 9, 2022, at the IEEE Blockchain Symposium, organised by the IEEE UAE Blockchain Group. In the speech, Dr Wright shared insights into solutions that can help power the modern internet and connected devices by leveraging Internet Protocol version 6 (IPv6) and the latest blockchain developments offered by nChain.
The innovation of blockchain technology is similar to that of the internet in the early 90s, with one basic, but fundamental difference. The internet is an information machine, while the blockchain is a data integrity machine. In a climate where social justice and transparency are becoming a demand rather than a privilege, we find ourselves …
5 Exciting Predictions for Blockchain Technology in 2022 Read More »
With the recent update of the Bitcoin SV Node software, a solution was reinforced that would prevent an actor in the Bitcoin network from spending the same transaction twice, including reversing payments—commonly referred to as double-spending.
The agreement to terms and conditions of using a product or service is necessary for a fair and regulated use of the good…