Topic: IBM is using Ethereum as the blockchain for their ADEPT proof-of-concept (Read 919 times)

Will Etheruem surpass Bitcoin?
Will Litecoin surpass Bitcoin?
Will Peercoin surpass Bitcoin?
Will Dogecoin surpass Bitcoin?
Will Ripple surpass Bitcoin?
Will Stellar surpass Bitcoin?

The real question is, will my poop surpass Bitcoin?



I adopt other alt coins are capable of competing with Bitcoin.

The present invention provides in an embodiment a method and apparatus for use in a decentralized electronic currency system that solves the usability issue with the above solution to key management, while also providing a generic mechanism for reducing the risk of loss of funds, i.e. any amount of currency the user may have accumulated as a result of past transactions. The method is based on the use of two electronic devices, a first 'safe' one, which is to be stored carefully and possibly regularly backed up, and a second 'unsafe' one, which is suitable to be installed on portable devices and used for payments in mobility context. Bitcoin is a decentralized electronic currency system using peer-to-peer networking, digital signatures and cryptographic proof-of-work to enable irreversible transfers (payments) between parties without relying on trust. Payments are made in bitcoins, a digital currency issued and transferred by the Bitcoin network. Nodes broadcast transactions to the network, which records them in a public history after validating them through a consensus-based proof-of-work system. The present invention is not limited to Bitcoin, and is applicable in other decentralized electronic systems where transfers are made.

For a correct understanding of the invention, hereafter some terms are defined. A repository is a physical or digital holder of funds. A digital holder of funds is an object or address to which funds are assigned or linked. In Bitcoin, funds are assigned to public-private keys. Therefore in the description of the present invention, each public-private key is a repository since funds can be assigned to such key.

Will Etheruem surpass Bitcoin?
Will Litecoin surpass Bitcoin?
Will Peercoin surpass Bitcoin?
Will Dogecoin surpass Bitcoin?
Will Ripple surpass Bitcoin?
Will Stellar surpass Bitcoin?

The real question is, will my poop surpass Bitcoin?



I adopt other alt coins are capable of competing with Bitcoin.

It is important to note that while Bitcoin contains an escalating difficulty in the blockchain mining process to restrict the issuance of currency, no such restriction is necessary in our vision of blockchains for the IoT.  For the ADEPT implementation of a blockchain-based IoT, we chose the Ethereum protocol in its alpha version. Ethereum’s improvements to the traditional blockchain approach of Bitcoin, the Turing complete scripting languages it introduced and its ability to create binding contracts were extremely compelling for our [proof-of-concept].