Ethereum, a Virtual Currency, Enables Transactions That Rival Bitcoin’s

A new virtual gold rush is underway. Even as Bitcoin, riven by internal divisions, has struggled, a rival virtual currency — known as Ethereum — has soared in value, climbing 1,000 percent over the last three months.

Beyond the price spike, Ethereum is also attracting attention from giants in finance and technology, like JPMorgan Chase, Microsoft and IBM, which have described it as a sort of Bitcoin 2.0.

The rise of the relatively new virtual currency has been helped by a battle within the Bitcoin community over how the basic Bitcoin software should develop.

Source: The New York Times

Gaming on the Blockchain II – A New Kind of Digital Ownership

With a bunch of new platforms poised to launch and some existing ones making money hand over fist, the gaming and blockchain ecosystem would appear to be happening.

Part one of this series looked at the revolutionary token-based platform FreeMyVunk and the self-styled overlord of high value digital assets, Jon Neverdie Jacobs.

This part looks at more offerings in the space and delves deeper into the question of digital asset ownership. Decentralisation is heralding a new era for gamers trading digital assets using tokens, or smart contracts on a the tamper-proof Ethereum public blockchain, for instance.

The effect is transparency in what was considered to be a permanently grey market, fought over for years by the likes of Brock Pierce’s Internet Gaming Entertainment.

A brave new blockchain-enabled gaming universe ushers in new paradigms of digital ownership, and a rising tide of decentralised platforms threatens to engulf any digital item with transferable value. How will markets not controlled by any single entity play out with big incumbents?

Source: IBT

Microsoft Certifies Ethereum Offering in Blockchain Service First

BlockApps, a startup providing Ethereum blockchain software for enterprises, has become the first certified offering on Microsoft Azure’s Blockchain-as-a-Service (BaaS) marketplace. With its latest post, Microsoft also announced that asset exchange provider AlphaPoint and Internet-of-Things micropayments startup IOTA have joined its Azure BaaS platform.

Source: CoinDesk

7 Cool Decentralized Apps Being Built on Ethereum

Imagine a company or service that isn’t controlled by any single individual, board or other central entity.

Known as a , or ‘dapp’ for short, the concept has been one of the more novel ideas to emerge from the blockchain community. Armed with self-executing smart contracts, proponents of the technology have envisioned ways to replace everything that today requires a centralized leadership, from businesses and services to governments.

In some ways, bitcoin could be considered the first dapp, as it is fully open-source, rewards contributors, runs without a central authority and uses blockchain technology to help facilitate its continued use case as an online currency.

Source: CoinDesk

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