1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. The PlanetCricket Graphics Maker Championship is back! Check here!
    Dismiss Notice

any multichain experts?

Discussion in 'Technology' started by blockerdave, Aug 17, 2017.

  1. blockerdave aka hoiktolegdave

    blockerdave
    AKA:
    Come back zombieiain
    Joined:
    Aug 19, 2013
    National Team:
    Location:
    London
    what it says really? any multichain experts, particularly in terms of customising assets?

    wanting to run a concept past someone and verify if i'm off with the fairies.
     
  2. blockerdave aka hoiktolegdave

    blockerdave
    AKA:
    Come back zombieiain
    Joined:
    Aug 19, 2013
    National Team:
    Location:
    London
    just bumping this... any multichain or more generically blockchain developers on the site?
     
  3. Dutch Post of the Day 17th January 2018

    Dutch
    Joined:
    Jul 23, 2007
    If you are starting up Blockers United Monies (BUM) I will invest!

    Its all abracadabra to me so I am worthless to you!
     
    blockerdave said thanks for this.
  4. blockerdave aka hoiktolegdave

    blockerdave
    AKA:
    Come back zombieiain
    Joined:
    Aug 19, 2013
    National Team:
    Location:
    London
    always looking for an opportunity to load into BUM
     
  5. Dipak ICC Board Member

    Dipak
    PCPL Xplicit
    Joined:
    Mar 17, 2010
    Location:
    Mumbai, India
    Is this related to Blockchains (and maybe Bitcoins)?

    I've done some reading, but that's about it :p
     
    blockerdave said thanks for this.
  6. blockerdave aka hoiktolegdave

    blockerdave
    AKA:
    Come back zombieiain
    Joined:
    Aug 19, 2013
    National Team:
    Location:
    London
    Yes multichain is a blockchain platform allowing the creation of private blockchains.

    Similarly I've done some reading but I need someone with much more expertise than me :)

    It's not Bitcoin though or any form of cryptocurrencg
     
  7. Dipak ICC Board Member

    Dipak
    PCPL Xplicit
    Joined:
    Mar 17, 2010
    Location:
    Mumbai, India
    Was just confirming :p

    What are the other uses of Blockchains apart from Cryptocurreny? Just intrigued. Whatever I've read about Blockchain was in the context of cryptocurrency.
     
  8. Dutch Post of the Day 17th January 2018

    Dutch
    Joined:
    Jul 23, 2007
    It can be used to create and store digital information very securely and highly shareable amongst those authorized and is virtually impossible to hack because the blocks form a unique chain that only fit together to make any sense hence the name.

    A bitcoin is just a chain of blocks of highly encrypted digital code that people are willing to pay money for: it has no real value and is not underpinned by any commodity except the value people attach to it.

    That is why it is so volatile as it is completely unregulated: take the dollar for instance; the federal reserve will take measures to ensure its value if it goes beyond certain parameters, by selling or buying currency in great amounts, or it sets interest rates to counter too much or too little inflation. The dollar is also (although to ever decreasing levels) undepinned by gold reserves and other hardware valuables. The bitcoin and all cryptomoney has none of this.
     
    Last edited: Jan 3, 2018
    blockerdave and CricketQ20 thanked this.
  9. blockerdave aka hoiktolegdave

    blockerdave
    AKA:
    Come back zombieiain
    Joined:
    Aug 19, 2013
    National Team:
    Location:
    London
    strictly speaking, the bitcoin and/or other cryptocurrencies are "tokens" that reward people for using their computer processing power to verify the transactions that are posted on the blockchain. they are the incentive for doing that. (if you've heard of bitcoin "mining", the mining is actually just doing computationally difficult mathematics you verify the transactions are valid - by doing that they ear some bitcoin.

    there are lots of uses of blockchain type technology and i think it will be revolutionary, but perhaps not in the way some people think. bitcoin and blockchain was initially attractive largely to criminals and libertarians - criminals because of the anonymity, and libertarians because it's a currency that cannot be debased by a government.

    what blockchain allows is certainty among two parties to transact without any central "trust" authority. so this can be used for lots of things - land registry, art provenance etc.

    so far, one of the biggest constraints on wider applications of the technology - apart from the fundamental knowledge gap - is making the leap of imagination to apply the technology without the currency (and finding an alternative incentive for participants to supply nodes and verify transactions). the token/currency represents an ever more expensive tax on transactions on the blockchain, and so for an efficient commercial solution that token needs to be removed.

    rachel bootsman, bettina warburg and others have some excellent TED talks on blockchain technology, if you want to find out more.
     
    Dipak and CricketQ20 thanked this.

Share This Page