What is the future of blockchain in the ridesharing industry? The potential for blockchain technology to change the ridesharing sector by bringing improved transparency, security and efficiency is promising. By incorporating blockchain technology into ridesharing services, it is possible to develop decentralized networks that link drivers and passengers directly, cutting out the middleman. This may result in a more egalitarian system with lower transaction fees and the requirement for third-party payment processors, which would minimize driver and passenger expenses. Furthermore, by leveraging blockchain’s tamper-proof and secure platform, drivers and riders can trust the system, leading to increased participation and greater …

While the United States holds the biggest share in Bitcoin (BTC) hash rate contribution and ATM network, the city hosting the most number of reachable Bitcoin nodes — the biggest pillar of the Bitcoin system — is Frankfurt, Germany. A Bitcoin node represents a computer system that works with other decentralized computers to help validate and relay Bitcoin blocks and transactions. Out of the total 43706 nodes hosted across 134 countries, the U.S. hosts 9999 or 30.53%, while Germany ranks second with 4529 (13.83%) nodes, confirms data from Bitnodes. However, when it comes to the contribution of individual cities, Frankfurt …

Bitcoin (BTC) hash rate, a network security measure based on computing power for mining, achieved a new all-time high (ATH) of 231.428 exahash per second (EH/s) amid an ongoing bear market that witnesses BTC price plunging below the critical $25,000 mark. Hash rate is directly proportional to the computing power of mining equipment for confirming transactions, which deters bad actors from manipulating on-chain transactions. Complimenting the new hash rate ATH, the Bitcoin network difficulty stands at a strong position of 30.283 trillion. Some of the most popular Bitcoin mining pools based on market share include Poolin, AntPool, F2Pool, ViaBTC and …

Bitcoin (BTC) ATM installations across the globe have seen a steep decline throughout the year 2022, with May recording just 202 new BTC ATMs, a range last seen three years ago in 2019. Since January, Bitcoin ATM installations saw a gradual slowdown, eventually falling down 89.75% from December 2021’s 1,971 new installations. However, data from Coin ATM Radar reveals an evident comeback in the installation numbers, as the world saw 817 Bitcoin ATMs installed in June — in just the first five days. Some of the key factors contributing to the slowdown of crypto ATM installations include geopolitical tensions across …

Further distancing itself from any concerns of planned attacks on the blockchain, the Bitcoin network established a new mining difficulty all-time high of 31.251 trillion — exceeding the 30-trillion mark for the first time in history. The creator of Bitcoin (BTC), Satoshi Nakamoto, warranted the security of the BTC network through a decentralized network of BTC miners who are tasked with confirming the legitimacy of transactions and minting new blocks. Given the extensive community support — from developers to hodlers to traders to miners — that spans over 13 years, the BTC network was witness to a historic 10-month-long rally …

Synonym Software Ltd., a company founded by stablecoin issuer Tether Holdings Limited, officially launched on Tuesday, setting in motion a highly ambitious project to bring Bitcoin (BTC) transactions mainstream through an independent financial platform that utilizes the Lightning Network. Synonym’s stated goal is to enable self-ownership and control of crypto assets by creating an open financial ecosystem that utilizes Bitcoin and the Lightning Network, the company announced Tuesday. CEO John Carvalho said “Hyperbitcoinization won’t magically happen on its own. In order to live in a world without big banks, oppressive regulations, or Big Tech presiding over our lives, we need …

IMVU's new fiat-convertible VCOIN goes live on the social network. Per a Jan. 12 company announcement shared with Cointelegraph, VCOIN is available for users of IMVU, starting today. IMVU already hosts over 27 million transactions a month using its non-blockchain-backed credits. VCOIN aims to give users involved in those transactions the opportunity to convert their earnings into value that they can use off the platform, both in peer-to-peer transactions and in conversion to fiat, integrating the game's virtual economy into the rest of the economy more tangibly. Regarding the hoped-for boost to the virtual world's economy, IMVU's chief strategy and …

Tron (TRX)-owned peer-to-peer (p2p) software company BitTorrent announced that it will release the public beta version of its decentralized social media app BitTorrent Live in Q2 2019 in a press release on March 27. Per the release, the company started offering early access to the BitTorrent Live streaming service today. The app, a video-based social media platform seemingly similar to Snapchat and TikTok, allows its users to create live content and connect with other people through mobile devices. The service will also reportedly let its users livestream from anywhere they have access to the internet while viewers will be able …

Tau Chain is a decentralized peer-to-peer network that claims Ethereum’s Turing completeness is the wrong direction as it is undecidable logic and missing an intricate part: proof of language. Cointelegraph spoke with Tau Chain developers HunterMinerCrafter (HMC) and Ohad Asor of the Tau team on the project and how it differs from other decentralized networks such as its ability to prove assertions about code using “decidable logic.” The Tau system is weaved like fabric with three distinct characteristics: rules, proofs, and computer programming. Rules of the network and protocols are determined by its user base with independent worlds created on …