Looking to spend some of those crytpo gains? Or maybe sell some stuff for bitcoin? OpenBazaar is a completely decentralized online marketplace that accepts over 50 cryptocurrencies and pays sellers out in bitcoin. OpenBazaar removes geographic limitations by connecting users from all over the world.
This episode of Blockchain Token; Which is it? covers VertCoin! In this series, we will cover the different types of blockchain platforms and cryptocurrencies on the market right now. We’ll give you a quick description of each blockchain/token, its function, who is their competition and where you can learn more.
VertCoin is a decentralized currency dedicated to the original principles of cryptocurrency: bringing financial control to the people. Vertcoin is well aware of possible manipulation by mining pools, and have made sure that every node operating on the network has an equal chance to mine. Vertcoin aims for fair distribution of their token, taking issues with airdrops and ICOs.
This episode of Blockchain Token; Which is it? covers PowerLedger! In this series, we will cover the different types of blockchain platforms and cryptocurrencies on the market right now. We’ll give you a quick description of each blockchain/token, its function, who is their competition and where you can learn more.
PowerLedger is a blockchain-based solution that aims to decentralize how electricity and other utilities are sold. By incorporating blockchain technology, PowerLedger believes that by by-passing traditional power providers, of which many people have very little choice, and letting users sell their excess electrical supply, we can create a better electrical grid system.
Joseph Poon is the principal author of the Omise White Paper and also a co-author of Bitcoin’s ‘Lightning Network’ White Paper.
Digital Identity & Blockchain
Digital identity is the term for a set of attributes that specifically demarcates an entity online. In layman’s terms, it’s the data that makes you, you on the Internet. Naturally, that type of data is sensitive. You don’t want it to end up in the wrong hands. What better way to protect your digital identity than to record it on a distributed ledger known as–you guessed it!–a blockchain!
So, it’s becoming pretty darn clear how safe and secure blockchain technology really is. It provides a level of encryption no centralized platform could even dream of in its dreams…..in its dream’s dreams. A peer-to-peer (P2P) network has many different systems working in tandem. As mentioned before (but if you didn’t catch it, read about P2P networks here), if a hacker is interested in breaking into a decentralized network, he must get into all of the the participating computers simultaneously. No small feat, even for the most skilled nefarious hackers.