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Blockchain This Week – EU and Blockchain

EU clarifies its stand on Blockchain and Cryptocurrencies, Blockchain solution to reduce deforestation in the Amazon rainforest. These and many more in this week’s newsletter

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Blockchain This Week – Ethereum Attacks

The week began with the news of a 51% attack on the Ethereum Classic network, which the attackers purportedly executed undetected over several days. The attackers managed to pocket the US $5.6 million through double-spending. The network was attacked again on Thursday, with the attackers ripping off US $1.6 million. The attackers were able to mount up sufficient resources for the attack by spending a mere 17.5 Bitcoins worth US $192,000 for renting the required hash power. This news and many more in this week’s newsletter.

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How Blockchain Can Revolutionize Micropayments?

Micropayments, as the name suggests, are transactions involving small amounts of money usually done electronically. Micropayments are an integral part of today’s subscription services and in-app payments. However, many factors, technological and economical, have hindered its widespread adoption. But, the dawn of Blockchain technology and the growing adoption of crypto and digital currencies have solved many of the longstanding issues with micropayments, leading to its increased acceptance.