Blockchains vs Traditional databases: Understanding the difference between the two
Blockchain databases consist of several decentralised nodes. Each node participates in administration: all nodes verify new additions to the blockchain, and are capable of entering new data into the database. For an addition to be made to the blockchain, the majority of nodes must reach a consensus. This consensus mechanism guarantees the security of the network, making it difficult to tamper with.
In Bitcoin, consensus is reached by mining (solving complex hashing puzzles), while Ethereum seeks to use proof of stake as its consensus mechanism.
Ethereum Classic Partners With Blockchain Developer and Media DApp
On Aug. 28, Ethereum Classic Labs also announced a partnership with social media dApp iZbreaker, an invite-only, secure community for connecting people with a three-degree network of friends-of-friends.
On Sept. 1, the developer and maintainer of the Ethereum Classic blockchain said that they had partnered with blockchain infrastructure developer, Second State.
Per the announcement, the partnership “will bring high-impact enhancements into the ETC ecosystem” is intended to create an open-source toolchain and runtime software that powers the next generation of Ethereum-compatible blockchains.
Huobi Launches Low-Cost Blockchain Phone With Built-in Crypto Wallet
A cheaper blockchain phone is debuting in Southeast Asia, with a U.S. and European launch promised in the near future.
Huobi Global announced Tuesday the launch of the “Acute Angle” blockchain phone for $515. The Acute Angle is made by Whole Network, a startup that Huobi invested in. Also announced today, Whole Network’s NODE token will be listed on Huobi Prime. Running against competitors like Sirin Labs’ $1,000 “Finney” phone, the Whole Network device can be purchased with Huobi’s native token, HT, for roughly half the price.
Based on Android’s operating system, Acute Angle is currently available in China with a Q4 2019 launch planned for Southeast Asia. Dates for the U.S. and European rollout have not yet been given.