EU’s blockchain forum says blockchain, AI and IoT are the future

The European Union’s blockchain observatory has released a report hailing blockchain, artificial intelligence and the Internet of Things as the future.

The European Union’s blockchain observatory has released a report hailing blockchain, artificial intelligence and the Internet of Things as the future. The comprehensive report put blockchain technology at the heart of the new wave of digital transformation.

Prepared by Prof. Dr. Tim Weingärtner, the report stated that blockchain technology forms the crucial link between the physical and digital world. It said, “With its features of trust, distribution and value, Blockchain makes it possible to identify and connect physical objects and their digital representations.”

Dr. Weingärtner, a professor at the Lucerne University of Applied Sciences & Arts, further outlined the role of smart contracts and tokenization of physical assets. With the world becoming more digital by the day, representation of physical assets digitally is changing from a luxury to a necessity. Tokenization thus plays a great role in the digital transformation, allowing algorithms and smart contracts to access physical objects. Tokenization also increases the transparency of possession, fighting fraud and corruption. Moreover, it enables the division of large values into smaller units which can then be traded.

The report hailed Ethereum’s blockchain as the most important infrastructure for tokenization. This is made possible by its large community of developers, the easy connection to the Ether crypto, the use of Solidity programming language and the working implementations. Hyperledger and R3’s Corda also allow tokenization, but they are not popular for this use.

While blockchain technology is revolutionary by itself, it’s when it combines with the Internet of Things that it hits its stride. IoT enables sensors and other devices to “transfer static representation into a dynamic duplicate.” Blockchain allows this information to be processed and stored in an environment of trust, automation and accountability.

Blockchain and IoT have transformed many fields, and developers are working on new use cases everyday. One of the industries that have taken advantage of this new technology is the supply chain industry. IoT enables tracking of goods over the entire supply chain, with the information being stored on the blockchain. The blockchain also allows for the recording and tracing of a commodity’s origin.

The EU has continued to back blockchain technology and cryptocurrencies in the region. It has called on governments in the region to implement regulations that can foster growth of the nascent industry.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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CryptoMood develops artificial intelligence to track crypto trading

CryptoMood had already established themselves as one of the leaders in artificial intelligence. The company has used its technology to create news …

CryptoMood had already established themselves as one of the leaders in artificial intelligence. The company has used its technology to create news aggregators that learn from consumers, markets, and policies to help create a personalized experience to match specific markets and individuals.

In December, CryptoMood announced that they had joined the Crowdholding platform. This allowed users to get the specific information they desire based upon their personal interests, website history, and views to get news from 30,000 different sources based upon the technology developed by the company. This was seen as a revolutionary step that could be used in a wide variety of platforms.

Now, CryptoMood has announced that they will be using their AI to help analyze cryptocurrency market data to determine which direction the market may move.

Explained chief commercial officer Filip Korbel, “CryptoMood is unique in the digital currency world because of the vast scope of analysis it provides and at such speed. Our AI completely transforms the understanding that traders have of market dynamics. There is nothing else like it in crypto.”

The intelligence behind the program will track and record data from thousands of different sources across the globe, and do so in real time. This will include such outlets as news, chat groups, cryptocurrency and fiat exchanges, social networks, and much more.

According to the company, over 50,000 different news, social media, and opinion sites will be tracked as well as the exchanges and whale wallets. This should give the CryptoMood platform a huge amount of information that can be analyzed quickly and in real time, providing users with information to make informed and intelligent decisions.

What separates this artificial intelligence from many others is the fact that it is able to absorb all of this data and provide analysis within seconds. The big concern to this point has been the data-time challenge, where lots of information needs to be evaluated but there is simply not enough time to do so. CryptoMood appears to have overcome that, and this is why this particular technology is being hailed as something extraordinary.

Streamr had been working with Daisy AI to overcome this challenge. However, to date, it does not look like they had achieved as much as CryptoMood.

There will be two different products offered by the company through the use of their artificial intelligence technology. The ElasticTrader will analyze cryptocurrency and Forex trading platforms. The MT Terminal will be a form of MetaTrader plug-in that will offer unique features for consumers such as a Market Depth View.

Korbel adds that this technology is truly revolutionary. “Markets are not always rational. We named our company CryptoMood because we also have a way to quantify market sentiment. Our systems can mathematically quantify and assess the attitudes and even the emotions that people express towards various cryptocurrencies. You can’t get a more complete picture than that.”

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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Understanding Bitcoin, the Demos: How to Become a Bitcoin Power User

The Understanding Bitcoin conference held in Malta from April 5 to April 7, 2019, was all about turning regular Bitcoin users into power users. Bitcoin …

The Understanding Bitcoin conference held in Malta from April 5 to April 7, 2019, was all about turning regular Bitcoin users into power users.

Bitcoin hardware and software is often more configurable than people realize (or they do realize this but are unable to take advantage of it). Spread throughout the conference were 18 demos by leading Bitcoin developers and experts illustrating how to make the most out of available Bitcoin tools.

For your convenience, here is an overview of all of the demos:

Blockstream Green’s Hardware Wallet

Blockstream Green (formerly known as Green Address and Green Bits) is the mobile and desktop wallet from blockchain development company Blockstream. To secure your coins, the wallet offers multisig security, which means that any transaction from the wallet must be signed off on through several methods. If a potential thief compromises one of these methods — for example, learning your PIN code or stealing your phone — they still can’t access any funds. One such additional protection method can be a hardware wallet, which is particularly secure as it never touches the internet and can, therefore, not be hacked online.

In this demo, Blockstream engineer Domenico Gabriele showed how to help secure Blockstream Green with a hardware wallet.

Trezor Multisig With Electrum

As mentioned above, hardware wallets are generally considered one of the most secure ways of storing your coins. However, even (some) hardware wallets are subject to certain very advanced attacks (for example, supply chain attacks or attacks where hackers have physical access to the device). One solution to counter these types of attacks is to secure funds with multisig, using several hardware wallets (ideally stored in different locations) to secure the same coins. The same trick can be used to securely share the same funds between multiple people.

In this demo, SatoshiLabs CTO Pavol Rusnak showed how to set this up with an Electrum wallet.

Core From Scratch

The only way to be sure that the bitcoin payments you receive are valid according to all of Bitcoin’s protocol rules is by using a full node as your wallet or connecting your wallet to your full node. This sounds easy enough, but it also means you need to be sure that the software you are running is, in fact, a full Bitcoin node and not malware. One fairly accessible way of checking this is by verifying that Bitcoin Core developers cryptographically signed the Bitcoin Core software you are running.

In this demo, Blockstream engineer Alekos Filini showed how to set up the most-used full node on the network today, Bitcoin Core, from scratch.

ABCore on Android

While probably a bit excessive for most users today, it is technically possible to run a full node on (some) Android phones or on other Android devices, such as some TV boxes. This brings the same top-notch level of security directly to mobile devices or would allow you to run a full node on a TV box from your home (to which you could connect your mobile wallet, for example).

In this demo, Bitcoin developer Udi Wertheimer showed how to install ABCore on Android.

Cyphernode

While a typical full node lets you receive regular payments securely, it is usually not very flexible from the outset. Cyphernode is a project specifically designed to leverage a full node to support a broader range of use cases, which makes it more useful for merchants, applications and other services.

In this demo, Bull Bitcoin CEO Francis Pouliot showed how to set up Cyphernode.

C-Lightning With Core

The Lightning Network is Bitcoin’s overlay network for fast and cheap transactions and c-lightning is one of the main implementations of the Lightning protocol. Running a Lightning node (and potentially connecting your phone to it) allows you to benefit from this new and rapidly growing technology.

In this demo, Blockstream engineer Christian Decker showed how to install c-lightning on a Raspberry Pi.

Nodl Box

The Nodl Box is a hardware device that supports one-click installations of various Bitcoin applications. Most notably, it allows you to easily run a Bitcoin Core full node and the lnd Lightning implementation, as well as a block explorer (to look up transaction histories) and the BTCPay Server for merchants (to accept payments).

In this demo, Nodl Box developer Ketominer showcased the Hodl Box and several applications, including BTCPay Server and multiple Lightning wallets.

Nix-Bitcoin

While any Bitcoin full node allows you to accept payments and create new transactions, the software is typically highly configurable beyond that. Utilizing this configuration, a node can be tuned to offer more privacy, or require less disk space, or rely on different security assumptions. The Nix-Bitcoin project tries to make much of this configuration as accessible as possible.

In this demo, Blockstream researcher Jonas Nick showcases Nix-Bitcoin with a specific emphasis on using it for Lightning.

Thor Turbo

To use the Lightning Network, users must first open at least one Lightning channel with another Lightning Network user. This requires a regular, on-chain bitcoin payment, however, which can take from a couple of minutes to several hours to confirm, or in some cases even longer. A new service by bill payment service Bitrefill, Thor Turbo, allows users to take a shortcut and open a channel with Bitrefill instantly with an unconfirmed bitcoin transaction.

In this demo, Bitrefill COO John Carvalho demonstrated how to use Thor Turbo.

Spark and Charge

Spark is a Lightning wallet for mobile and web browsers, which can be connected to a c-lightning implementation run at home (or on a server). This allows you to fully and securely benefit from the Lightning Network’s fast and cheap transactions on the go. Charge is a payment processing system, also based on c-lightning, specifically designed for merchants who’d like to accept Lightning payments.

In this demo, Bitcoin developer Nadav Ivgi showcased how to install and use Spark and Charge.

Using Slush Pool and “De-Eviling” the S9

Mining machines are usually delivered with firmware specifically created for the machine. While this firmware does what it needs to do to mine (usually connected to a mining pool), it does not necessarily utilize the full potential of the hardware. (One noteworthy example is that, while Bitmain’s S9 machines were technically able to apply AsicBoost technology, this option was not included in the firmware.) Braiins, the company behind Slush Pool, released the open-source Braiins OS firmware last year, which can be run on mining hardware to take advantage of the full potential of the machines.

In this demo, Braiins CEO Jan Čapek showed how to set up the Bitmain S9 with Braiins OS firmware. The demo also showed how to connect a mining machine to Slush Pool.

Wasabi

When using Bitcoin, you leave a trail of transactions on the blockchain. This allows for blockchain analysis, which can ultimately be used to connect Bitcoin addresses to your real-world identity, which is very bad for privacy. The Wasabi wallet is one of several privacy-enhancing tools available today which effectively allow you to mix your coins with coins of other Wasabi users, breaking the transaction trail for all.

In this demo, Wasabi developer Adam Ficsor showed how to use Wasabi Wallet.

JoinMarket

JoinMarket is another privacy solution available today. Like the Wasabi wallet, users “mix” their coins with one another, breaking the transaction trail for all. But where Wasabi Wallet users must sometimes wait several hours for other users to join in before a mix can take place, JoinMarket works instantly, because mixing partners are paid to join in the mix.

In this demo, JoinMarket developer Adam Gibson showed how to install JoinMarket and how to leverage it as a regular user. (The demo did not show how to use it as a liquidity provider, however, which is slightly more complex.)

Electrum Personal Server

The Electrum wallet is one of the most popular bitcoin wallets available today and has been for several years. Electrum wallet users generally rely on Electrum servers, however, which introduces some security and privacy tradeoffs. Using the Electrum Personal Server, Electrum wallet users locally connect to their own private server instead, offering the benefits of the Electrum wallet without any of the tradeoffs.

In this demo, Electrum developer Chris Belcher shows how to set up and use an Electrum Personal Server.

goTenna Mesh Networks

A goTenna is a small hardware device that transmits messages over radio waves; together with similar devices owned by other people, it can create a mesh network. Combined with the Samourai Wallet, goTenna can locally broadcast bitcoin transactions without the internet, for someone with an internet connection to pick up and forward to the Bitcoin network.

In this demo, goTenna engineer Richard Myers showed how to send a bitcoin transaction over the goTenna network.

LoRaWAN Network

The LoRaWAN Network is another solution to locally transmit bitcoin transactions over radio waves for someone with an internet connection to pick up and transmit to the Bitcoin network. It is cheaper to set up than goTenna but also more experimental.

In this demo, Blockstream engineer Valerio Vaccaro showcased sending a bitcoin transaction over the LoRaWAN network.

SMS Push Transaction

Since bitcoin transactions are ultimately nothing but a couple of lines of data, they can be sent over any media that supports text messages. This, of course, includes SMS, offering another way of sending bitcoin transactions for intermediaries to pick up and transmit to the Bitcoin network, even without the internet. Indeed, there exists a phone number that will do exactly this.

In this demo, SatoshiLabs CTO Pavol Rusnak showcased sending a bitcoin transaction over SMS using the Electrum wallet.

Blockstream Satellite Network

The Blockstream satellite network broadcasts Bitcoin blocks and transactions from space to Earth. This allows (almost) anyone with a satellite dish to sync with the Bitcoin blockchain without requiring access to the internet. Besides benefiting users in areas where there is no internet connection at all, this can also offer cost, privacy and censorship-resistant benefits.

In this demo, Blockstream CEO Adam Back and head of the Blockstream satellite project Chris Cook showcased receiving Bitcoin blocks over the Blockstream satellite network.

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Bitcoin passes 400m milestone as cryptocurrency price continues to rise

Bitcoin passes 400m milestone as cryptocurrency price continues to rise … The cryptocurrency’s value has risen by more than a third over the last month, … boosted by bitcoin’s recent resurgence include ethereum, ripple and litecoin.

Bitcoin has passed a major milestone amid a remarkable price surge, recording its 400 millionth transaction since its 2009 inception.

The cryptocurrency’s value has risen by more than a third over the last month, with most of the gains coming during a major price spike at the beginning of April.

Currently trading at around $5,250 (£4,000), bitcoin still remains a long way of its late 2017 peak of $20,000, but the number of transactions on the bitcoin network has been steadily increasing since early 2019.

We’ll tell you what’s true. You can form your own view.

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This has coincided with the cryptocurrency’s recovery, which appears to have had a knock on effect across the market.

Other major cryptocurrencies boosted by bitcoin’s recent resurgence include ethereum, ripple and litecoin.

ShapeCreated with Sketch.Bitcoin’s volatile history in pictures

Show all 8
leftCreated with Sketch.rightCreated with Sketch.

1/8 Satoshi Nakamoto creates the first bitcoin block in 2009

On 3 January, 2009, the genesis block of bitcoin appeared. It came less than a year after the pseudonymous creator Satoshi Nakamoto detailed the cryptocurrency in a paper titled ‘Bitcoin: A peer-to-Peer Electronic Cash System’
Reuters

2/8 Bitcoin is used as a currency for the first time

On 22 May, 2010, the first ever real-world bitcoin transaction took place. Lazlo Hanyecz bought two pizzas for 10,000 bitcoins – the equivalent of $90 million at today’s prices
Lazlo Hanyecz

3/8 Silk Road opens for business

Bitcoin soon gained notoriety for its use on the dark web. The Silk Road marketplace, established in 2011, was the first of hundreds of sites to offer illegal drugs and services in exchange for bitcoin

4/8 The first bitcoin ATM appears

On 29 October, 2013, the first ever bitcoin ATM was installed in a coffee shop in Vancouver, Canada. The machine allowed people to exchange bitcoins for cash
REUTERS/Dimitris Michalakis

5/8 The fall of MtGox

The world’s biggest bitcoin exchange, MtGox, filed for bankruptcy in February 2014 after losing almost 750,000 of its customers bitcoins. At the time, this was around 7 per cent of all bitcoins and the market inevitably crashed
Getty Images

6/8 Would the real Satoshi Nakamoto please stand up

In 2015, Australian police raided the home of Craig Wright after the entrepreneur claimed he was Satoshi Nakamoto. He later rescinded the claim
Getty Images

7/8 Bitcoin’s big split

On 1 August, 2017, an unresolvable dispute within the bitcoin community saw the network split. The fork of bitcoin’s underlying blockchain technology spawned a new cryptocurrency: Bitcoin cash
REUTERS

8/8 Bitcoin’s price sky rockets

Towards the end of 2017, the price of bitcoin surged to almost $20,000. This represented a 1,300 per cent increase from its price at the start of the year
Reuters

1/8 Satoshi Nakamoto creates the first bitcoin block in 2009

On 3 January, 2009, the genesis block of bitcoin appeared. It came less than a year after the pseudonymous creator Satoshi Nakamoto detailed the cryptocurrency in a paper titled ‘Bitcoin: A peer-to-Peer Electronic Cash System’
Reuters

2/8 Bitcoin is used as a currency for the first time

On 22 May, 2010, the first ever real-world bitcoin transaction took place. Lazlo Hanyecz bought two pizzas for 10,000 bitcoins – the equivalent of $90 million at today’s prices
Lazlo Hanyecz

3/8 Silk Road opens for business

Bitcoin soon gained notoriety for its use on the dark web. The Silk Road marketplace, established in 2011, was the first of hundreds of sites to offer illegal drugs and services in exchange for bitcoin

4/8 The first bitcoin ATM appears

On 29 October, 2013, the first ever bitcoin ATM was installed in a coffee shop in Vancouver, Canada. The machine allowed people to exchange bitcoins for cash
REUTERS/Dimitris Michalakis

5/8 The fall of MtGox

The world’s biggest bitcoin exchange, MtGox, filed for bankruptcy in February 2014 after losing almost 750,000 of its customers bitcoins. At the time, this was around 7 per cent of all bitcoins and the market inevitably crashed
Getty Images

6/8 Would the real Satoshi Nakamoto please stand up

In 2015, Australian police raided the home of Craig Wright after the entrepreneur claimed he was Satoshi Nakamoto. He later rescinded the claim
Getty Images

7/8 Bitcoin’s big split

On 1 August, 2017, an unresolvable dispute within the bitcoin community saw the network split. The fork of bitcoin’s underlying blockchain technology spawned a new cryptocurrency: Bitcoin cash
REUTERS

8/8 Bitcoin’s price sky rockets

Towards the end of 2017, the price of bitcoin surged to almost $20,000. This represented a 1,300 per cent increase from its price at the start of the year
Reuters

The latest milestone comes just over a year after the bitcoin network passed 300 million transactions, showing that it continues to grow in popularity despite the price volatility.

Around 350,000 transactions take place every day – roughly four every second – across its decentralised blockchain.

Many of these transactions currently pass through China, where the majority of bitcoin mining operations are located, however this may soon be about to change.

The country’s economic planning agency announced this week that it is considering a ban on bitcoin mining – the process of generating new units of the cryptocurrency by providing the computing power needed to confirm transactions.

If implemented, the ban would have a significant impact on the bitcoin network and potentially even the price of bitcoin, with analysts suggesting it could cause further price rises.

“It’s more likely to push bitcoin prices up than down,” market analyst Mati Greenspan told The Independent this week. “The loss of cheap Chinese electricity would raise the mining cost, which is net positive on price.”

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Acoustic Wave Sensors Market New Study of Trend and Forecast Report to 2025 | Broadcom …

Acoustic Wave Sensors Market 2019-2025 report supplies an analysis of the competitive picture and greatest players from the regional industry.

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Broadcom, Qorvo, RF360, TAIYO YUDEN, Teledyne, API Technologies, Vectron, Qualtre, AVX Corporation, Boston Piezo-Optics, Honeywell, Kyocera, Murata, Panasonic

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