Vitalik Buterin Proposes Transaction Fees to Fund Wallet Developers
Ethereum developer Vitalik Buterin has proposed the implementation of wallet fees on the ETH network. Many wallet providers have already ceased to develop their wallets as there is little to no incentive for them to maintain them. Users, on the other hand, have currently no interest to pay for a wallet as there are plenty of free alternatives. Buterin has proposed a low fee that effectively makes little difference for the user. He gives the example of 1 gwei per transaction which would amount to $2 million per year. Currently, about 73000 gwei are worth $0,01. However, there were wallets in the past who charged wallet fees for their service which were neglected by their users as a consequence.
IDC Report Shows That Blockchain Spending Is Set To Hit $2.9 Billion In 2019
Industries around the globe spend $2.9 billion in creating and deploying Blockchain platforms for different use cases. The IDC revealed this information in a report in the Worldwide Semi-Annual Blockchain Spending Guide. The guide has recently gone through an upgrade to take into account the prevailing trends. This report comes amid bearish trends in the Cryptocurrency market and defies expectations of clients giving Blockchain a wild berth to avoid holding Digital Tokens. However, it is evident that the benefits of Blockchain by far outweigh the risks of Crypto volatilities.
Denver Municipal Elections Setting The Precedence For Blockchain Voting
President Donald Trump may have colluded with Russia to win the 2016 US presidential election. Russians may have interfered with Brexit vote. Russians are planning to interfere with the upcoming European Union elections. Democrats have rigged the 2018 US midterm elections. Republicans are cheating in elections. These are some of the allegations that various parties have raised in regard to different elections. In fact, the credibility of the democratic electoral system is in question in most parts of the world as losers are finding it hard to believe that voting processes are free of manipulation.
Bumble Bee Partners With SAP to Let Customers Access Supply Chain
North America’s largest sea food producer Bumble Bee Foods has implemented a blockchain to trace the origin of its sea food. The company collaborated with the German software company SAP. According to the press release, the SAP Cloud Platform Blockchain service will enable customers to access origin, transportation and processing of their product.