IBM Reveals Proof of Concept for Blockchain-Powered Internet of Things

IBM has unveiled its proof of concept for ADEPT, a system developed in partnership with Samsung that uses elements of bitcoin’s underlying design to build a distributed network of devices – a decentralized Internet of Things.The ADEPT concept, or Autonomous Decentralized Peer-to-Peer Telemetry, taps blockchains to provide the backbone of the system, utilizing a mix of proof-of-work and proof-of-stake to secure transactions.IBM and Samsung chose...

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11 Top Responses from Andreas Antonopoulos' Reddit AMA

It’s no secret that social networking website Reddit is a hub for many in the bitcoin community.While some bitcoiners may stick strictly to the r/bitcoin subreddit, though, there’s another part of Reddit that has become famous in its own right: ‘Ask Me Anything’ (AMA) threads.AMAs are great opportunities for anyone with an interesting story – ranging from Barack Obama to Bill Gates – to field questions from the community of redditors and provide...

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Markets Weekly: Questions for Bitcoin Price After Torrid Week

It has been a torrid week for the bitcoin price. Trading closed on 5th January at $272.95, losing 2.78% over the week to end on 11th January at $265.37, according to the CoinDesk Bitcoin Price Index.With prices trading below $300 for the first time in a year, Bitstamp revealed that it had lost $5m in coins during a security breach. It pulled the plug on trading for four days as its team scrambled to migrate its systems and introduce new security...

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