Florida Blockchain

Blockchain is supposed to be trustless, meaning that it does not require a third party, such as a bank, to validate payments and other asset transfers. As Satoshi Nakamoto, the creator (or creators) of bitcoin, which effectively launched blockchain technology, said: “We have proposed a system for electronic transactions without relying on trust.” Did Nakamoto succeed? No. Blockchain changes the loci of trust but not the need for trust. Let me explain why and give some evidenc

No. But it can help. And it would likely play a big role in a privatized postal service that is subject to competition. What is the issue? The US Postal Service (USPS) has been noted for its inefficiency and money-losing business model for years. The Cato Institute reports that the government agency lost $50 billion from 2006 through 2015 despite having access to subsidized interest rates on its debt, tax exemptions, authority to impede competitors, and a monopoly over first-

Blockchain is more than just the technology behind bitcoin. Its use can improve security, efficiency, privacy, and flexibility and reduce platform complexity. Cryptographic authentication is part of the baseline in the blockchain platform architecture. As my colleague Mark Jamison defines in a recent video: Blockchain is a database of ledgers or “blocks” spread across multiple computers. Each block contains a set of codes called hashes, which keep the blocks in sync. Every t

Bitcoin’s 1,600% rise this year and its recent wild value fluctuations have both excited investors and led critics to predict its demise, some with apparent glee. The currency’s detractors point to the price run up as nothing more than a bubble that will surely burst. They also say that as a cryptocurrency where users can sometimes hide their identities, its use facilitates illicit transactions, leading governments such as China to declare all such currencies as illegal. But