Blockchain Industry Pos and Pow

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• published: 10 Dec 2016
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The year 2016 was a very active year for the chain of blocks with ideas and innovations that flood the industry. We have seen several productions by many companies come forward, all present their real functional case used for disruptive technology. Governments and banks are also not left in the development of the Block chain, because we have seen a number of tests and implementation of the block chain at these levels. Reviewing the fiscal year ended 2016, Senior Consultant at Bankcoin Reserve Pty Ltd, Thomas McAlister says we've seen a big show for the Block chain technology. According to McAlister, this exhibition was mainly motivated by recording the race for the market because many companies have made efforts to present their products in this emerging industry to achieve meaningful followership as soon as possible. Proof of stake role to increase McAlister believes that 2017 will be as the dust begins to settle a year of patent litigation and tough negotiations and pieces of the puzzle begin to become adjusted. McAlister believes that this is necessary for the industry to establish a good training, we have proof of work (POW) seen its course and exposes its limits. I believe that Proof of Participation (SOP) will play a significant dominant role in the upcoming market, such as loans and deposits, retirement pensions and the exchange value of assets, which is more visible in substance, A stable and flexible financial instrument. I am excited about coming in 2017. President at Crypto Consultant, Jason Cassidy believes that 2016 will remain as the year when the influence of the technology of the Bloc chain was felt beyond the field of financial services. According to Cassidy, health, identification, ownership, voting, gambling, tourism and gold, even if the news on a global scale, driven by Block chain technology. Cassidy also identifies some of the trends or events in the space of Block this year that have helped define the landscape going by 2017. Governments Speak Block Chain With the increased awareness of technology and pressure to provide a legal framework, governments have begun to take a closer look at what a block chain is and what it can do for them. Such recognition, according to Cassidy, is a significant development in the ongoing history of the global Bitcoin Block chain and adoption. ICO-mania Cassidy takes on the alleged overwhelming trend of the ICO, which pours into the chain-of-block ecosystem the phenomenon described as reaching a new level of hype and awareness in 2016. So much so that now take on several regulators of the world Integrate an eye to this new investment mechanism. Intelligent but not brilliant contracts Cassidy refers to the incidence of DAO which is around the middle of the year. He says that for many in the industry, the incidence has been a turning point, which has caused controversy and the final decision a certain meaning goes against the philosophy of decentralization. He notes that some events have had a polarizing effect on the block chain industry, making it still in the mainstream news. Consciousness Mainstream Whether from local meetings, facebook groups, training or major conferences, Blocking the channel profile has grown by leaps and bounds over the last twelve months. Groups like Hyper Ledger also help the growth of this spirit by encouraging cooperation between different levels. It also notes that large companies are joining the battle by creating new products and services. Blocking the chain and helping to ensure that they are not disrupted by a competitor, such as Bloc chain race went en masse in 2016. "This can mean only good things as the threshold of innovation is ready to be challenged again. More of the same? Regarding what the community can expect from the block chain space in 2017, Cassidy anticipates a continuation of substantially the same processes. Cassidy says adoption is growing, many of these trends will continue to play and inevitably give way to two new areas that he identifies as desperate for recruiting and training talents for improvement next year. Talent and Regulation He says that will filter education naturally down and facilitate the recruitment of talent more and more people are entering the room. Cassidy points out that at present there are too many people in the industry who are not a good understanding of this block chain, giving rise to restrictions on what can and can not be made profitable to own A block string. Better education on technology is crucial Cassidy concludes by asserting his conviction that there is more regulatory involvement in the ICO field will be like now, many investors who rarely participate in promoting knowledge about technologies possess. This leaves investors in a situation where they make less informed investment decisions.