El año pasado, Spotify no pudo obtener licencias mecánicas (control del titular de los derechos de autor sobre la capacidad de reproducir un trabajo musical) para muchas canciones en la plataforma. Esto perjudicó a los editores y artistas de música. ¡Spotify tuvo que pagarles más de 20 millones más una multa de 5 millones!
You read it correctly! After all the fuss and news around October 25th hard fork in Bitcoin, which we’ve previously discussed, there may be yet another split you should be interested in. We’re talking about SegWit2x.
As the deadline is fast approaching, we shall witness the effects of the two transaction velocity-boosting proposals that have garnered the most attention and approval from the most technical, inside part of the start-up and mining community.
Make mining decentralized again!
With a Trump-esque overture, the Bitcoin Gold community presented the beginning of the development of the protocol kicking in tomorrow, October 25th 2017. Bitcoin Gold is born to pilot Bitcoin upgrades, as a few developers perceive that the Bitcoin blockchain has become too centralized, after falling in the manipulating hands of a few mining companies.
Marijuana consumption is widespread across the world and social acceptance is increasing over the years as shown by less restrictive legislations in countries like the United Sates. Society is becoming more conscious about the medical benefits provided by cannabis along with the fact that cannabis does not turn people into criminals as previously thought by a big segment of society... Snoop Dogg, Wiz Khalifa, XXXTemptation and many other weed consumers are looking forward to the next big things that blockchain will provide to people, which are weed delivery and marijuana tracking systems. These systems will be implemented by using algorithms that will collect user information using the process shown in the picture below.
Imagine you own a wallet that is inside of a locker and has $20 in it, the locker key is a security measure because you need it to open the locker and get the wallet. Bitcoin uses a similar system in order to secure your wallet by proving users with a private key or seed. This key is an authorization method that allows the buyer to use bitcoins from a specific wallet.
Now, imagine that you want to buy chocolate online, you go to the online chocolate store site, you click on buy and it redirects this purchase to a bank secure website, then the bank authorizes the payment but it also gets a commission. But why pay a huge commission to a bank and to the government when you could use bitcoins?
Yes, we know. Our blog is called “Blockchain For All”, and now we want to talk about Bitcoin?
Well, yes. And that is because they are rather interconnected. More precisely, blockchain is the technology beneath Bitcoin, allowing its system to run. Writing about Bitcoin is therefore writing about blockchain as well, and it beautifully displays the practical side of this technology. As we will see in the upcoming posts, blockchain can be applied to a host of industries other than cryptocurrencies.