May 23, 2019

Bosch delves with Ethereum blockchain

Bosch a renowned automotive company wants to connect with Ethereum blockchain. A spokesperson of Bosch briefed that the company has started working with the second biggest blockchain Ethereum. So far, the company has not revealed the complete details of the projects they are working on. However, at the annual conference last week, BCW 2019; new project details were unveiled.

Bosch announced electric-car charging ports, with enhanced communication properties so, it is expected that this project will be backed by Ethereum. In 2016, a similar case of Germany’s RWE electricity supplier in collaboration with Ethereum initiated the project to run the charging stations across the country.

Bosch’s website elaborated that Ethereum platform will facilitate the company in terms of autonomous charging, paying EV and alike programs. The spokesperson said that we have evaluated the Ethereum, Hyperledger, and IOTA previously also. IOTA aims to provide greater scalability, fast and cost-effective transactions. But, IOTA is regarded as an opponent of Ethereum and is not a blockchain intrinsically.

The observers said that in BCW 2019, there was no announcement about IOTA and no reported projects were in the pipeline. The main theme of BCW2019 was the establishment of an integrated system where all machines, sensors and WiFi facilitate the vehicles for parking and charging stations by utilizing enhanced smart contracts.

In the globalized world, the things are not physically connected so, smart contracts are required to do business and communication effectively. Bosch is also working on the projects of automated car parking and have made collaborations with other companies. The Ethereum has already performed well in RWE EV trials, Bosh aims to utilize Ethereum and broaden its arena and magnitude of work, and is willing to accept the blockchain open source technology.

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November 9, 2017

NO2X: Next Week’s Hard Fork Has Been “Suspended” Due to a Lack of Consensus

There will almost certainly be no bitcoin hard fork next week: the main organizers behind the SegWit2x project have “suspended” their efforts.

In an email to the SegWit2x mailing list, one of the main organizers behind the project, BitGo CEO Mike Belshe, explained that the proposed hard fork has not been able to gain sufficient consensus to proceed:

“Although we strongly believe in the need for a larger blocksize, there is something we believe is even more important: keeping the community together. Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time.”

The New York Agreement was originally forged between a group of bitcoin companies in May of this year. An initiative by Digital Currency Group CEO Barry Silbert, the project — later dubbed “SegWit2x” — was to combine activation of the Segregated Witness soft fork with a hard fork to double bitcoin’s block weight limit. With Segregated Witness activated on the bitcoin network this past summer, arguably helped by the SegWit2x project, the hard fork was scheduled to take place next week.

However, the hard fork part of the New York Agreement was always controversial for a number of reasons. As a result, a growing number of signatories dropped out of the agreement over the past weeks and months, while developers, user communities, public polls, future markets and more all indicated limited support for the effort. And as the hard fork date drew closer, it become increasingly clear that SegWit2x would in fact spawn a new currency rather than constitute an upgrade of the bitcoin protocol.

And this was never the plan, Belshe wrote:

“Continuing on the current path could divide the community and be a setback to bitcoin’s growth. This was never the goal of Segwit2x.”

Belshe’s email was also signed on behalf of Xapo CEO Wences Casares, Bitmain CEO Jihan Wu, Bloq CEO Jeff Garzik, Blockchain CEO Peter Smith and ShapeShift CEO Erik Voorhees. In a separate blog post published just before Belshe’s email, BitPay CEO Stephen Pair also called for cancelation of the hard fork.

While the New York Agreement was signed by even more companies (and some individuals), and anyone can still deploy the hard fork, it is unlikely that anyone will proceed with the hard fork in any meaningful way.

Belshe does, however, note that a hard fork to increase bitcoin’s block weight limit might be needed in the future, writing:

“As fees rise on the blockchain, we believe it will eventually become obvious that on-chain capacity increases are necessary. When that happens, we hope the community will come together and find a solution, possibly with a blocksize increase.”

The post NO2X: Next Week’s Hard Fork Has Been “Suspended” Due to a Lack of Consensus appeared first on Bitcoin Magazine.

February 22, 2019

Ripple Price Analysis: XRP Signaling Bearish Extension In Short Term

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July 24, 2018

Libertarian Party Gubernatorial Campaign to Accept BTC Despite Unclear Legal Framework

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