Contained in the bizarre world of quantum mechanics—where physical matter has properties of both particles and waves, and subatomic particles exist in multiple states at one time until observed—may lie the key to unparalleled computational speed. While still highly experimental, governments have been investing in research into “quantum computing” for years, and a recent article in Wired notes that last year venture capitalists “plowed a record $1.8 billion into companies working on quantum computing hardware or software worldwide…nearly five times the amount invested in 2019.” Whereas the basic unit of information in traditional digital electronics is the bit (a logical state with two possible values, typically expressed as 0 and…
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Backing Centigrade, Ripple Tries to Save Mother Earth
Fintech company bets on blockchain for carbon offsets
In the wake of Ripple’s historic David-versus-Goliath near-total victory over the SEC in July, those who follow the company are excused if they missed its announcement about its investment in Centigrade. But this move, seeking to establish an open data platform serving the market for global carbon offsets, sets a goal even more ambitious and improbable than prevailing against a government agency with infinite resource: Saving the planet. According to Centigrade, the new platform “will provide developers of carbon and nature credits with a low-barrier, intuitive way to bring their projects to market, providing full data transparency and traceability for the entire lifecycle of credits.” Carbon markets allow organizations to…
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Multi-Signature Ethereum Wallets Explained
Benefits include enhanced security, control and flexibility
Security is essential in the brave new world of cryptocurrency. It is crucial to safeguard digital assets from possible dangers and weaknesses, as along with the myriad benefits crypto offers, each owner takes on a large, and often quite challenging, responsibility in the absence of a company or entity to turn to for support. Not to mention that there is generally zero opportunity for restitution in the case of user error or malfeasance. The phrase “not your keys, not your coins” has long meant both that if you allow an entity to hold your crypto-assets they have ultimate control over them, as well as that the assets are truly in…
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Injective Protocol
Modern Consensus talked to Eric Chen, CEO of Injective Labs
An introduction Eric Chen is CEO and co-founder of Injective Labs, a core contributor behind the Injective decentralized exchange. Injective Protocol decentralized exchange protocol (DEX) backed by big names like Binance and Mark Cuban. The protocol is designed to be permissionless, fully decentralized, and fast with low gas fees. It runs on a governance proposal procedure, community members are a pivotal part in all of Injective’s decisions. “Injective is purely community driven. Governance dictates everything.” What is Injective Protocol? “It’s pretty similar to the overall model of Uniswap. Which is basically all the protocol upgrades and contract upgrades are dictated by the community, a governance vote is required for major…
