Why is IOTA the future?

IOTA is promising. IOTA will enable nano payments. IoT devices can use IOTA to interact with each other and take actions if necessary. The devices will be able to transfer funds, keep records and send messages to each other without need of any centralised system. In IOTA, the device initiating the transaction will do a…

What is Ethereum?

“Ethereum is a  decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.” After developers started understanding the concept of blockchains, there brains start clicking with new use cases for blockchains. Not only a currency, the blockchain can be used for identity…

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Real life applications for Blockchain, Bitcoin and Ethereum

  A few ideas that are currently being developed for consumers like me and you using blockchain, Bitcoin and Ethereum are: Abra. Similar to Venmo but based on the blockchain, Abra lets you send money internationally instantly. Storj. Decentralized Dropbox file storage that pays all participants for using their computer myceliaformusic. Founded by artist Imogen…

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Bitcoin Illegal in India?

In the past week, many newspapers and TV channels carried out a story that Bitcoin has been declared illegal in India. They declared this based on the statement by Minister of State for Finance Arjun Ram Meghwal that use of the digital currency was “illegal” and exposed users to potential violations of anti-money laundering rules….