When MT Gox, bitcoin’s biggest exchange at the time, suddenly announced during February 2014 that they had “lost” almost $1 billion worth of bitcoins, some took to the blockchain to see what had happened. Their analysis led, in just a few days, to the second biggest news of that year: MT Gox still held 200,000 bitcoins, then worth $200 million, they appeared to be hiding.
Initially, there was some public debate with Gregory Maxwell, a bitcoin developer, disputing the findings, but all was confirmed when MT Gox publicly stated they had forgotten about $200 million.
The event revealed what is now widely accepted: Bitcoin provides very little privacy. All transactions are [...]
vDice.io, having launched in June as the first fully-decentralized betting game for the first programmable P2P network, will host a crowdsale from November 15 to December 15. In exchange for Ether (ETH), investors will receive “vSlice” tokens, each of which is directly tied to the profits of the game. The “vSlice” token will regularly distribute profits of the vDice game to token holders.
Since going live on June 13, vDice has become the top ranked Google site for Ethereum gambling, having processed nearly 10,000 bets.Built On Smart Contracts
Built on fully decentralized smart contracts, vDice processes bets through an Oracle without server architecture. As [...]
DECENT wants to create a decentralized digital rights management solution for piracy powered by the blockchain.
Like so many modern decentralized platforms, DECENT’s platform seeks to remove the middlemen, power abusers, and prevent third party manipulation to ensure content creators and consumers can trade material in a peer-to-peer, permissioned and transparent blockchain network.
“Our aim is to replace the status quo,” Matej Michalko, DECENT developer, tells Hacked.
A network of individual, digital dictatorships, with a digital democracy, re-routing power back to authors, artist, producers and those [...]
“Attacks that we witnessed today were possible mainly because there is a centralized infrastructure which could have been targeted,” said Piotr Janiuk, CTO of Golem, which seeks to decentralize the internet using peer-to-peer technology. “The attack itself isn’t easy to carry out, but it is obvious that even the backbone infrastructure behind the Internet contains single points of failure which are prone to such malicious activity – even though the infrastructure may comprise multiple machines. As of today, the trend is to move towards distributed solutions and the main problem is the lack of standard way of setting up the infrastructure.”
Golem is among a [...]