Tag: blockchain hacking

Aion Network Launches First Blockchain Virtual Machine on Java – CoinDesk

Aion Network, a non-profit aiming to “rebuild an internet that puts users first” through broadening the use of blockchain, announced a new virtual machine built on top of the popular Java Virtual Machine (JVM).

This marks the first blockchain virtual machine available to Java developers.

The Aion Virtual Machine (AVM) is not a modification or rewrite of the underlying JVM, but a supplementary software layer that can interact with the JVM as developers build decentralized applications and smart contracts above it.

Java provides a secure, transparent, scalable, and easily-deployed environment for those unacclimated to the crypto-landscape. This is fits Aion’s mission statement to promote more extensive use of blockchain.

By employing a commonly used language like Java, Aion CEO Matthew Spoke hopes to surmount one of the largest barriers to widespread blockchain adoption: terra incognita.

“We made the strategic decision to leave the JVM intact so we could fully leverage the mature ecosystem around it,” said a company representative in a blog. “Leaning on a hardened language like Java was crucial since a major obstacle for a business interested in Blockchain is the cost and time needed to train their teams on unfamiliar frameworks, languages, and tools.”

To this end, Aion also provides blockchain education and onboarding through Aion Learn and Aion University. Billed as a collection of engineers, academics, designers, and entrepreneurs – aligned with a singular, altruistic mandate – the network provides a catalog of developer tools and application templates, as well as mobile API’s and software development kits.

“We have a unique opportunity to build a foundation for the future economy. Aion is our contribution to that future; and we need the best and brightest to work alongside us to make it real,” said Spoke, on the network’s website.

The Aion blockchain utilizes multiple tools already popular on the mainnet, which provide accessibility and redundancy in the public network.

“Aion aims to become the common protocol used for these blockchains, enabling more efficient and decentralized systems to be built. The Aion protocol enables the development of a federated blockchain network, making it possible to seamlessly integrate dissimilar blockchain systems in a multi-tier hub-and-spoke model, similar to the internet.”

The native currency, AION, facilitates transaction fees for miners of the network. It has a current market cap of $60,495,358 USD, according to CoinMarketCap.

Code image via Shutterstock

Source: Aion Network Launches First Blockchain Virtual Machine on Java – CoinDesk

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10 Blockchain Companies To Watch In 2019

More and more companies are sprouting in the blockchain space.

Earlier this month, arguably the biggest blockchain week in the world kicked off in New York City with CoinDesk’s Consensus event. A previous interview that covered blockchain technology led to a deeper look at the technologies, founders, and companies that are emerging in the industry.

While some of the best projects on display were infrastructure-related, like public blockchains, others were more focused on ancillary services. The teams of these innovative blockchain startups are global, cutting-edge and typically include early blockchain adopters as founders.

This list showcases 10 companies working to make blockchain more accessible, prominent and mainstream. Some you may have heard of; others are new to the scene. The companies come from all regions of the world. Each offers something unique with the potential to disrupt traditional industries as well as gain support from legitimate entities.

  1. BiKi

BiKi.com was founded in June 2018. Headquartered in Singapore, it is a leading digital asset exchange focused on the global market. It accumulated 1.1 million registered users and 100,000 daily active users in under a year. Backed by Du Jun, co-founder of Huobi, BiKi is one of the fastest-growing exchanges. It focuses on the global incremental market, with a mission to bring digital assets to the mainstream.

  1. Advanced Blockchain AG

Berlin-based, publicly listed Advanced Blockchain AG (ABAG) was started by German crypto pioneer and co-founder of peaq.io, Robert Küfner. The company is an innovator of blockchain solutions for corporations, building a DLT solution for one of the largest automotive manufacturers in the world. ABAG was recently selected to participate in the Silicon Valley chapter of the German Accelerator, which empowers high-potential German companies to successfully enter US markets. Further approaches using peaq.io’s proprietary DAGchain remain confidential.

  1. YottaChain

Built by leading scientists and cryptographers, YottaChain is a public blockchain that uses a unique economic model and governance structure, as well as proprietary technology, to connect global computing and storage resources. In layperson’s terms, everyday people can now tap into the power of a supercomputer and large-scale storage previously reserved for enterprises. This is done by connecting decentralized storage resources while providing de-duplication after encryption. In 2018, YottaChain was a top 20 finalist at the Founder World Championship in Silicon Valley.

  1. HeroToken

Based in Barcelona, HeroToken is the continued mission from the success story of PawnHero. Founder David Margendorff, together with a solid team of technology experts, is working on HeroToken to build the prospect of a better future for billions of unbanked and underbanked funds globally. This solution leverages the blockchain to provide a transparent loan marketplace that connects lenders with borrowers worldwide.

  1. Bitconch

With a global development team of former Google, IBM, Huawei and GE engineers, Bitconch is using a proof of reputation (POR) consensus algorithm to enable its beta network to reach 100,000 transactions per second, which is reported to be the highest performance in the blockchain environment. Bitconch established an intelligent three-dimensional node reputation system, with POW (proof of work) + POS (proof of stake) + POA (proof of activity), which contributes to an open node pool and anti-centralization. The company recently partnered with Cryptic Labs to help scale up their efforts.

  1. BREACH

BREACH was founded with one goal in mind: to ensure your digital assets. Backed by PJC, the leading early-stage venture capital firm based in Boston, BREACH is partnering with global insurers, cybersecurity experts and exchanges to offer products to safeguard user investments. With nearly $1 billion of cryptocurrency stolen from exchanges in 2018, the use case for insurance products in the blockchain industry has never been stronger.

  1. KaratGold

Based in Germany, Karatbars International GmbH is the parent company of KaratGold Coin and a robust gold-based ecosystem of cross-border blockchain solutions. Their latest product, the IMPulse K1 Smartphone, is the first phone using Voice Over Blockchain Protocol (VOPB). Currently, KaratGold allows consumers to trade or purchase gold on more than 500,000 acceptance points worldwide. With all of the recent talk about Bitcoin versus gold, this company provides the best of both worlds.

  1. BISS

Backed by Matrix Partners, ZhenFund and Metropolis VC, BISS is a membership-based crypto exchange like Costco where members can enjoy exclusive offerings. The platform is also the world’s first crypto-to-security exchange where users can seamlessly exchange tokens for securities, minimizing the downside of crypto volatility. These kinds of innovative solutions have gained a lot of attention from mainstream financial investors and institutions. This early success has helped BISS gain 300,000 monthly users in just four months.

  1. LiteLink Technologies Inc.

LiteLink is a publicly traded company developing enterprise platforms and digital wallets that use blockchain to solve problems in the logistics and payment industries. LiteLink’s flagship 1SHIFT logistics platform offers real-time transparency and tracking, which allows brokers, shippers and carriers to track shipments and settle payments without breaking stride. uBUCK Pay is a multicurrency digital wallet with a U.S. dollar–backed stable token built on Waves blockchain that supports traditional fiat and digital currencies.

  1. MetaHash

MetaHash is a self-sustained network for DApps and digital assets with a vision of creating a new internet. MetaHash also offers a set of tools for developers and solutions for enterprises. Its protocol, based on advanced data synchronization, supports over 50,000 transactions per second with three seconds of consensus time, thus solving the industry’s key speed issue. With hundreds of community-operated servers, MetaHash is rapidly nearing its goal of becoming the fastest fully decentralized blockchain.

 Joresa Blount is the founder of GoFlyy, an author and creator of Brown Girls Innovate too which provides tools and connections for women in tech. 

 

Source: 10 Blockchain Companies To Watch In 2019

IBM Launches Blockchain Platform on Cloud Service in Melbourne

IBM has released its blockchain main net out of its data center located in Melbourne, Australia. This will purportedly allow their customers to run their applications on the company’s cloud, according to an article published on news outlet ZDNet on Feb 11. The IBM platform was built on Hyperledger Fabric. Hyperledger is a project that aims to improve cross-industry blockchain technologies that is hosted by the Linux Foundation…………….

Source: IBM Launches Blockchain Platform on Cloud Service in Melbourne

Navigating Bitcoin, Ethereum, XRP: How Google Is Quietly Making Blockchains Searchable

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It’s a balmy 80 degrees on a mid-December day in Singapore, and something is puzzling Allen Day, a 41-year-old data scientist. Using the tools he has developed at Google, he can see a mysterious concerted usage of artificial intelligence on the blockchain for Ethereum. Ether is the world’s third-largest cryptocurrency (after bitcoin and XRP), and it still sports a market cap of some $11 billion despite losing 83% of its value in 2018. Peering into its blockchain—the distributed database of transactions underpinning the cryptocurrency…………

Source: Navigating Bitcoin, Ethereum, XRP: How Google Is Quietly Making Blockchains Searchable

Taiwan to launch blockchain-based digital ID system in 2020 – TokenPost

The government of Taiwan is planning to roll out a blockchain-powered digital identification system in 2020, local news outlet CNA reported last week. Premier William Lai announced plans to launch the new eID system at a meeting held last week. The initiative is part of the broader efforts aimed at implementing “smart government” to promote the digital transformation of the government.

Source: Taiwan to launch blockchain-based digital ID system in 2020 – TokenPost

Tracing Illegal Activity Through The Bitcoin Blockchain To Combat Cryptocurrency-Related Crimes – Rachel Wolfson

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While cryptocurrencies like Bitcoin have the potential to break traditional financial barriers, there are a number of growing concerns about digital currencies being used to fund illegal activities. According to a study conducted earlier this year, approximately one-quarter of Bitcoin users and one-half of Bitcoin transactions are associated with illicit activity. Around $72 billion of unlawful activity per year involves Bitcoin, which is close to the scale of the U.S. and European markets for illegal drugs. Moreover, a 2018 study conducted by blockchain analysis startup, Elliptic, and the Center on Sanctions and Illicit Finance, found a fivefold increase in the number of large-scale illegal operations working on the Bitcoin blockchain between 2013 and 2016……….

 

 

 

 

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The Immutability Of Blockchain Is Useless When It Comes To Easy Crypto Thefts And Hacks – Monty Munford

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[Disclosure: I used to have a small amount of Ethereum (Ether), but now I have absolutely zero Ether]. Your eyes are not deceiving you, the disclosure above is usually printed at the end of any article by any Forbes writer when the subject matter is about cryptocurrencies. In this case, I am confirming that I now have no Ether, but I did have some until my crypto wallet was hacked around six weeks ago. In the interim period, I know now more than most about the lack of crypto security and how it’s virtually impossible to retrieve funds after they’ve been stolen. It’s an interesting story, it’s just highly annoying that it happened to me…………..

 

 

 

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