Solidity News Friday, March 16 Initial coin offerings, Icos, Http server & more…
Solidity News TLDR / Table of Contents
- South Korea Planning to Formally Allow ICOs
- Major regional media outlets are reporting South Korea is seriously considering reversing its ICO ban through embracing it via regulation.
- initial coin offerings, ICOs, South Korea, financial authorities,
- A blockchain in 200 lines of code – Lauri Hartikka –
- The basic concept of blockchain is quite simple: a distributed database that maintains a continuously growing list of ordered records. However, it is easy to get mixed up as usually when we talk…
- HTTP server, block, continuously growing list, popular blockchain-based projects, necessarily harder task
- decision makers, dynamic network, financial information, ,
- Regional news sources report South Koreas financial authorities are working on legislation to formally allow initial coin offerings (ICOs) in an effort to appear more welcoming to the larger financial technology community.
- Also read:Qubec Premier: Were Not Really Interested in Bitcoin Mining – – Online news sourceThe Korean Timesreported this week Financial authorities have been talking to the countrys tax agency, justice ministry and other relevant government offices about a plan to allow ICOs in Korea when certain conditions are met, it…
- Still, The Times reports, The financial authorities are preparing a plan to allow initial coin offerings (ICOs), digital token-based fundraising rounds, for domestic investors, to advance blockchain-based technologies, according to sources familiar with the issue.
- It also continues to let local investors put money into foreign ICOs and digital currency exchanges operating within the country, The Times reveals.
- In business-oriented countries like South Korea, they understand outright prohibitions on mechanisms such as ICOs mean those startups and capital will move to friendlier climes, and thus starve the region of badly needed growth.
- The hash of the previous block must be found in the block to preserve the chain integrityBlock hashThe block needs to be hashed to keep the integrity of the data.
- Generating ablockTo generate a block we must know the hash of the previous block and create the rest of the required content (= index, hash, data and timestamp).
- Validating the integrity ofblocksAt any given time we must be able to validate if a block or a chain of blocks are valid in terms of integrity.
- When a node generates a new block, it broadcasts it to the networkWhen a node connects to a new peer it querys for the latest blockWhen a node encounters a block that has an index larger than the current known block, it either adds the block the its current chain…
- As seen, the user is able to interact with the node in the following ways: – List all blocksCreate a new block with a content given by the userList or add peersThe most straightforward way to control the node is e.g. with Curl: – #get all blocks from the node…
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