Blockchain: DigitalBits, Aventus, Cryptocurrency
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DigitalBits launches open-source blockchain-based marketplace for loyalty points
Their value — or at least their versatility — could get a boost if The DigitalBits Project is successful. This community endeavor, soon to become a nonprofit foundation based out of the tiny European country of Lichtenstein, is today launching an open-source blockchain-based infrastructure that supports trading loyalty points or rewards or transferring them to other individuals.
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Aventus Announces Development of Open-Source Protocol Foundation
Aventus, the blockchain ticketing startup that raised 60,000 Ether via a crowdsale in 2017, has announced the next stage of development for its non-profit foundation. The Aventus Protocol Foundation will serve as an entity tasked with supporting open-source projects built using the Aventus protocol. This encourages the growth of the Aventus ticketing ecosystem while protecting the rights of holders of AVT, the native Aventus token.
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An Overview of Cryptocurrency Consensus Algorithms
One of the most important aspects of a decentralized cryptocurrency project is the consensus algorithm it employs. A consensus algorithm is crucial to the implementation of a digital currency because it prevents the double spending problem, a challenge that has historically limited the development of digital currencies until the recent development and adoption of the blockchain ledger method. Because cryptocurrencies are implemented as public, decentralized ledgers that are append-only, they must employ a consensus algorithm to verify that there “is one version of the truth” and that the network cannot be overwhelmed by bad actors.
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