Here’s what’s in store for you this week: A hacker live-streamed a 51% attack on the Bitcoin Private network and succeeded, and the governments of Australia and Seoul are working on serious blockchain projects. We’ve got thoughts from the Blockchain Review on Bitcoin and Ethereum guides made simple, as well as insights on the myth of the current infrastructure phase in blockchain, security token offerings (STOs), and much more. Check it out below!
Key news highlights. What’s going on in the world of Blockchain?
Hacker Livestreams 51% Attack on Bitcoin Private
On Oct. 13, ethical hacker “Geocold” followed through on his promise to 51 percent attack an altcoin. He eventually settled on Bitcoin Private (BTCP), and quickly gained majority hashrate control, but the spectacle was fraught with setbacks, including censorship from two streaming services that pulled the plug. Here’s the process he went through to launch the attack.
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Australia’s NDIS the Next Target for Blockchain
The National Disability Insurance Scheme is going to be the first case study for the Making Money Smart trial, a project to create “smart money” — or programmable money — on a blockchain-based platform. According to Data61, the NDIS “involves highly personalised payment conditions”, which makes it suitable to be the first case study for a proof of concept. Read on for more on the project!
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Censorship-Resistant Social Media Is Here
Over the past few months, Bitcoin Cash developers have been creating applications that are similar to social media and forum platforms like Reddit, Facebook, and Twitter. Anyone in the world can use these Bitcoin Cash-powered applications such as Memo, Blockpress, Keyport, and Matter which offer censorship-resistant versions of these social media giants.
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Seoul Government Plans $100 Million Investment into Blockchain to Build a Smart City
During his nine-day-long visit to Europe, Park Won-soon, mayor of Seoul, revealed that the South Korean capital is planning to implement blockchain technology across a number of key areas in the city’s government over the next five years. The Blockchain Urban Plan will see the technology added to 14 public services in the city. Services that will see blockchain introduction include voting, labor welfare certification issuance, and more.
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The latest insights, thoughts, and analysis from the Intrepid Team
Bitcoin White Paper Made Simple
If you have a general idea about Bitcoin but just can’t seem to make sense of it all, this guide is for you. We cover topics from Proof-of-Work (PoW) and privacy, to payment verification and more.
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Ethereum White Paper Made Simple
This easy to follow guide is designed to help people without an advanced degree in computer geekery understand the Ethereum white paper. We discuss how Ethereum works to what it can be used for.
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Articles, white papers, ebooks, and more
The Myth of The Infrastructure Phase
A common narrative in the Web 3.0 community is that we are in an infrastructure phase and the right thing to be working on right now is building out that infrastructure: better base chains, better interchain interoperability, better clients, wallets and browsers. This article presents an insightful alternative argument – we are not in an infrastructure phase, but rather in another turn of the apps-infrastructure cycle.
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What is a Security Token Offering (STO) and is it Right for Your Business?STO is emerging as a powerful and valuable alternative to private equity and venture capital financing for companies globally. Here are why it is compelling for business owners and what you have to look out for to assess its suitability for your business.
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Interoperability: The Next Frontier Of Blockchain Development
In the barest sense, interoperability refers to networks and systems capable of communicating with each other. Blockchain companies, then, aren’t simply collaborating; they’re trying to create products that are compatible. Here’s why interoperability is important for the cryptospace.
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Is Your Identity Ever Safe Online?
We have all the reasons to feel scared when the biggest social networking site in the world with over 2 billion active monthly users says that its users’ identities got compromised. If Facebook can fall prey to hacking attempts, so can any other online platform in the world. This reaffirms one thing — identity theft is real, and unless necessary actions are taken, you can be its next victim. Here’s how blockchain can put an end to identity theft.
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Updates on what we’re up to and our upcoming events
Bernard Kwan Joins Metabase Network as Advisor
We are extremely excited to announce that Bernard Kwan has joined the Metabase project as an advisor. Bernard is CFO and Partner at Arocrest Capital Management which provides investment and management expertise to Arocrest. He has more than a decade of experience in finance and portfolio management across a diverse range of industries within Asian markets, and more.
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Metabase Network Main Sale 1 Ends in