Blockchain sports betting exchange Bookie to beta launch before World Cup
CryptoNinjas
Blockchain sports betting exchange Bookie to beta launch before World Cup
Bookie, a decentralized sports betting exchange built on blockchain technology from Peerplays, today announced it will go live with a public, play-for-fun public beta ahead of this summer’s World Cup.
News – CCN
Knockout: SEC Charges Floyd Mayweather-backed ICO with Fraud
The US Securities and Exchange Commission (SEC) filed charges against the Centra Tech initial coin offering (ICO) on Monday, alleging that the token sale — which was promoted by legendary boxer Floyd Mayweather — was a fraudulent securities offering. SEC Halts ICO, Charges Founders with Fraud The SEC complaint alleges both that the Centra ICO …
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Cryptocurrency Hedge Funds Lose Their Luster in the Bear Market
The prolonged cryptocurrency market downturn is beginning to manifest in the once white-hot cryptocurrency hedge fund industry. It seems like only yesterday that these funds — targeted at accredited and institutional investors and devoted exclusively to cryptoassets — were the taking the investment world by storm. Mesmerized by stories of 25,000 percent single year-returns, traders …
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bitcoin and Ethereum miners collectively make up what is perhaps the most powerful computational resource in the world. However, mobile phones from the early 2000’s could arguably run more complex operations than these networks combined. While blockchains themselves may never reach the level of computational power of modern computers, they may be leveraged as the underlying verification layer for centralized computing.
We’re joined by Jason Teutsch and Christian Reitwiessner. They are the co-authors of a visionary whitepaper which describes Truebit. This protocol would allow complex computations to be executed on off-chain systems while being validated by Ethereum miners. The results of these computations would consequently be available to on-chain smart contracts. Truebit makes clever use of proof systems and game theory to build a protocol where a Task Giver can ask a third party, the Solver, to execute a complex computation in exchange for a reward. Not limited to Solidity, these could be executed in traditional languages such as Go, Python or C++. Verifiers could then challenge the results, incentivising the Solver to be honest or see his reward be stripped away. This incentive structure would guarantee fast and reliable results while eliminating the need for a trusted third party.
Topics discussed in this episode:
Jason and Christian respective backgrounds in the ecosystem.
The core problem being addressed by Truebit
Why a scalable decentralized computational resource is desirable
How Truebit makes use of proof systems and game theory to enable trusted computations off-chain
How the verification game works the incentive structures proposed in Truebit
The various use cases for Truebit
How Truebit could allow for blockchain interoperability without the need for “”blockchain of blockchains”” type networks
Links mentioned in this episode:
Sponsors:
Jaxx: Wallets that Unify the Blockchain Experience Across Devices –
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Watch or listen, Epicenter is available wherever you get your podcasts.
Epicenter is hosted by Brian Fabian Crain, S?ƒbastien Couture & Meher Roy.
Final Frontier and Bitfury Launch Regulated ₿itcoin Mining Fund Following approval from European authorities, Swiss investment firm Final Frontier is partnering with Bitfury Group to launch a regulated ₿itcoin mining fund for personal and institutional […]
