Breaking: Facebook Crypto Project Acquires Blockchain Startup Specializing in Smart Contracts

Facebook’s secretive crypto division has reportedly made its first acquisition, quietly onboarding most of the research team from a blockchain startup that specializes in smart contract development. Facebook Acqui-hires Chainspace Researchers Citing unnamed sources, financial news outlet Cheddar reports that Facebook acquired Chainspace, a blockchain firm founded by University College London researchers. The Chainspace website describes its project as “a planetary scale smart contracts platform” that uses a “distributed web of blockchains for scalability, speed and privacy.” A banner at the top of the website reads: “We’re excited to announce that the team is moving on to something new. Chainspace

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TEMCO is the first project to be powered by Bitcoin, through RSK’s smart contracts. “In the end, the benefits of Bitcoin outweigh the potential of any other network. Bitcoin’s network is the largest, most dominant, and secure network”.

TEMCO is the first project to be powered by Bitcoin, through RSK's smart contracts. "In the end, the benefits of Bitcoin outweigh the potential of any other network. Bitcoin’s network is the largest, most dominant, and secure network". submitted by /u/yurikatt
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Bitcoin – The Currency of the Internet

I explained bitcoin to a smart kid and he asked me some difficult questions

I was recently explaining bitcoin and blockchain to a kid – he’s a smart one and he asked me:

  1. Who is creating the mathematical tasks for the miner computers to solve?

  2. If they get more and more complex and difficult to solve, how are they being created in the first place? Are they already implemented in the code?

  3. If it’s possible to upgrade the bitcoin protocol to improve it, is it not also possible then to change the rules? For example to remove the limit that there will only be ever 21million mines bitcoins?

I couldn’t answer these questions- anyone?

submitted by /u/seolein
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Bitcoin – The Currency of the Internet

I want a smart currency based phone where the caller has to send me BTC to get me to answer, if I talk to them more than 120 seconds the phone automatically sends them back the BTC. That would effectively end spam calls..

submitted by /u/brainhack3r
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Bitcoin – The Currency of the Internet