implement

Hard Forks, Soft Forks, Defaults and Coercion

One of the important arguments in the blockchain space is that of whether hard forks or soft forks are the preferred protocol upgrade mechanism. The basic difference between the two is that soft forks change the rules of a protocol by strictly reducing the set of transactions that is valid, so nodes following the old rules will still get on the new chain (provided that the majority of miners/validators implements the fork), whereas hard forks allow previously invalid transactions and blocks to become valid, so clients must upgrade their clients

JCB, IDEMIA and Soft Space launch “JCBDC” Phase 2 pilot to trial CBDC offline P2P payments

Tokyo, Paris, Kuala Lumpur, Dec 13, 2023 - (JCN Newswire) - Japan's only international payment brand JCB Co., Ltd. ("JCB") has launched the “JCBDC” (JCB Digital Currency) Phase 2 pilot project with IDEMIA, a global leader in identity technologies, and the world’s leading fintech company Soft Space Sdn Bhd. ("Soft Space"). In Phase 1 of the JCBDC project, JCB, IDEMIA, and Soft Space developed a CBDC (Central Bank Digital Currency) payment solution, enabling merchants to accept CBDC without the need to modify their POS (point of sale) terminals and payment

From Dominance to Compliance

Last Tuesday saw Binance settle its long-running legal disputes with several U.S. government agencies, including the Department of Justice (DoJ), the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and the U.S. Commodity Futures Trading Commission (CFTC). However, they failed to reach an agreement with the Securities and Exchange Commission (SEC) regarding their pending charges. As part of the settlement, Binance has agreed to pay an eye-popping fine of $4.3 billion. Furthermore, Changpeng Zhao (CZ), the CEO of Binance, will step down

Government Blockchain Association (GBA) Releases Voting Solution Assessment Model

  Washington, DC, September 19 — The Government Blockchain Association (GBA) announces the release of the Blockchain Maturity Model (BMM) Voting Supplement. "The Voting Supplement is a critical resource for governments, organizations, and developers worldwide, providing a comprehensive framework to ensure the privacy, security, and integrity of voting systems," said Susan Eustis, Chair of the GBA Voting Working Group. "Its scope extends beyond government elections, making it applicable businesses, associations and other forms of governance, enhancing trust in democratic outcomes." The supplement is a roadmap for developers and administrators seeking

The Tightrope of Regulation

In a significant move at the recent G20 meeting in India, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) released a joint paper outlining a framework for the global regulation of cryptocurrencies. While the proposals mostly tread familiar territory, what’s new is their conviction in crypto’s unstoppable growth and success. A flurry of optimism greeted the G20’s endorsement of the report because it advocates that countries don’t ban crypto. Hidden in its text, however, are some worrying signs. For example, on the first page, they state, “Widespread

The Government Blockchain Association (GBA) Publishes Blockchain Maturity Model (BMM) Overview Document

Washington, DC - January 17, 2023 - The Government Blockchain Association (GBA) is pleased to announce the publication of the Blockchain Maturity Model (BMM) Overview Document. It is available for download at https://gbaglobal.org/wp-content/uploads/2023/01/01-Blockchain-Matuirity-Model-Overview-v1.0-2.pdf, and provides an in-depth look at the content, structure, use, and maintenance of the GBA BMM. The BMM is a comprehensive framework that includes requirements, resources, and tools applicable to blockchain solutions. A blockchain solution includes all layers (network, protocol, application, and transactions) of the solution. The model is designed to assist government organizations in evaluating and improving their blockchain capabilities. "We are

Go From Crypto Curious to Confident With Just One Book, Say Authors

As cryptocurrencies continue to dominate the news, more and more people are interested in hearing the ‘real deal’ from veteran insiders. However, many don’t know where to start, especially when experts are using unfamiliar terms like “altcoin,” “Web3,” and other jargon. Experienced investors in the crypto market want to level the playing field and pave the way for new investors. Such is the case for Mike Kimelman and Charlie Shrem, co-authors of the new book Mastering the Basics of Bitcoin and Crypto: Go from Crypto Curious to Crypto Confident With

Bugging Out

We’re pleased to announce that from today, October 13th 2022, Paribus will be launching our bug bounty program on ImmuneFi. The program will apply to our MVP even while it’s on the public testnet and should help to provide additional confidence when we’re ready to launch on the mainnet. Bug bounty programs are a crucial aspect of the ongoing maintenance and security of DeFi protocols. There are two main types of program, formal and informal. An example of an informal bug bounty program is the identification of several security vulnerabilities

Davos, Switzerland, 31st May 2022

A week of powerful conversations, immersive activities, and headline performances featured The Summit At Lan Space as one of the most prominent events on the promenade, where some of the brightest minds around the globe were brought together during the annual Economic Meeting in Davos. Headline speakers like Deepak Chopra, Sian Proctor, Tessy De Nassau, Nik Gowing, Leonor Diaz Alcantara, and Helena Gualinga took center stage to advocate for audiences to keep collaboration, empathy, and empowerment at the forefront of their leadership in seismic times.Over five days, a platform was