This is kind of interesting. Invez has created an infographic on the history of Ethereum and how it will soon surpass Bitcoin in valuation. According to the write up, ethereum is set to overtake bitcoin in 2018. Invez is of the opinion that Ethereum will inevitably become the most important cryptocurrency in the market that year. They could be right. Or perhaps not. But time will tell. You never know, another challenger could be lurking
In the world of blockchain and cryptocurrency, decentralization is key. This often leads to some new and exciting innovations, to say the least. The Interplanetary File System is one of those innovations which more people should pay attention to. Now is a good time to take a closer look at what IPFS has to offer and how it will shape the future of our society.
THE INTERPLANETARY FILE SYSTEM EMBRACES DECENTRALIZED FILE STORAGE AND SHARING
It is quite interesting to see how many projects are working on decentralized file storage and sharing right now. We have recently highlighted a few of those projects, including Storj and Sia. However, one of the first initiatives to fully embrace this concept goes by the name of the InterPlanetary File System, also known as IPFS. This protocol is established on top of the Bitcoin blockchain.
If you want the excitement of working in a growing industry, like renewable energy or artificial intelligence, you could try to strike out on your own as an entrepreneur. But maybe you don’t quite have the skills for those hot industries that promise higher pay and more growth.
The good news is that there are a host of new courses you can take and areas to study, which you’ve maybe never heard of — but that will put your resume at the top of a hiring manager’s resume pile. Keeping your skills fresh is increasingly important as industries turn over or face existential crises: “The current shelf life of technological skills is less than five years, [making] it crucial for individuals and employers alike to boost their skill sets,” said Sarah Tilton, senior regional director of coding bootcamp academy General Assembly’s New York office, in an email.
Mic pored over new course offerings at top online instruction sites like Udacity and Coursera — and examined reports on in-demand jobs requiring a specific new skill, — to come up with a list of five classes you can take to set sail on a fresh career. We used salary tracking site Paysa and job listing site Indeed to estimate expected salaries. Some, but not all, of the courses are free.
1. Blockchain and cryptocurrencies
If you’ve been following the news, you know the price of the cryptocurrency bitcoin has soared recently. But if you’ve really been following the news, you know that bitcoin is just the tip of the iceberg for a technology with much more potential: the blockchain.
Muneeb Ali and Ryan Shea are the co-founders of Blockstack, a project to rebuild the internet using blockchain technology so that individuals can reclaim direct control over their own identities, contacts, and data. The goal is to bring the property rights we enjoy in the physical world to cyberspace.
These two Princeton-trained computer scientists—Ali completed his Ph.D. last month with a speciality in distributed systems—believe that today’s internet is fundamentally broken. Users are forced to trust companies like Google, Amazon, and Facebook to maintain our online identities and personal information. They store our files in giant data centers that are increasingly vulnerable to hackers. And the Snowden leaks revealed that the National Security Agency has strong armed these tech giants into handing over users’ personal data without bothering to obtain court-issued warrants.
“Google has this saying, ‘don’t be evil,'” says Ali. “Maybe a company shouldn’t be powerful enough that they’re sitting there thinking, ‘should I be evil or not?'”
A messenger app raised over $270 million in less than 3 hours which raises concerns of another DAO crisis.
Status, an open source messaging platform and mobile browser to interact with decentralized applications that run on the Ethereum Network, raised over $270 million in less than three hours in yet another massive Initial Coin Offering (ICO).
This amazing amount of money invested in an app has led to more and more people from the cryptocurrency community raising their voices against what they see as bringing systematic risk to the Ethereum ecosystem.
The majority of bitcoin’s mining power is lining up behind a scaling solution that would increase the network’s transaction capacity.
Known as Segwit2x, the proposal – if passed – could mark a significant advancement in bitcoin’s years-long scaling debate, effectively spurring the activation of Segregated Witness (SegWit), a scaling proposal introduced by developers in 2015, and doubling the current 1 MB block size. But while the actual Segwit2x code is not ready for mining pools to run yet (it’s still in the testing phase until 30th June), this isn’t stopping mining pools from demonstrating they support the measure.
Mining pools AntPool, Bitcoin.com, Bitfury, Bixin, BTC.com, BTC.top, BW Pool, F2Pool, and ViaBTC (which represent about 71% of the network’s mining power) are already adding a piece of text to each block that they mine to show their support.
Once the code is ready for showtime on 21st July, mining pools will be able to run the software. The Segwit2x scaling agreement will require 80% of the mining hashrate to run the code for roughly three days starting on that date.
Blockchain performance and scalability addressed. These are two key characteristics of any platform. In a distributed ledger environment, such as the Hyperledger projects, both characteristics directly relate to end user satisfaction and ultimately adoption. Hyperledger has announced a Performance and Scalability Working Group (PSWG) to focus on this area.
“The key will be how to define and implement a consistent and fair test suite for each use case. This is important to the industry and to the end user, as it will provide a fair measure of how a specific implementation will perform in different use cases. This will allow the user (customer) to select the proper implementation for their use case,” wrote Mark Wagner of Red Hat who will lead the PWSG.