Microsoft Drives Forward with the Blockchain: BTCManager’s Week in Review April 24

By Alexander Lielacher Apr 24, 2017 6:14 PM EST

This story was shared from this site

Microsoft has announced a new Plugin for Office10 that makes it possible to store a hash of documents on the blockchains of Bitcoin and Ethereum Classic. With this, you can prove the authenticity of any document – without the need for a notary or a lawyer. Microsoft has potentially created Bitcoin’s first non-monetary killer app.

The new notary app for Outlook is not Microsoft’s first venture into the world of blockchain technology. Microsoft has also developed the Azure Blockchain-as-a-Service (BaaS) platform, which allows companies to collaborate by experimenting with new business processes using Microsoft’s cloud-based distributed ledger platform. Microsoft has also joined the Enterprise Ethereum Network to develop blockchain solutions together with leading financial institutions and has teamed up with startup Tierion to secure identities in digital format on the blockchain. 

The head of the Large Bitcoin Collider, an attempt to crack bitcoin private keys, also spoke to BTCManager: “Yes, I own some bitcoin, and the LBC does not change that. What I personally would not do any longer is to store large sums of bitcoin on a single address. By doing so, you take risks, independently of the LBC. I would not trust a chain of 160 ones and zeros with something like $100 million.”

Litecoin trading volumes have grown over the past week, as SegWit looks almost certain to be locked-in. The price of litecoin moved higher and posted a fresh high just below our target at $17.387 as stated in our previous cryptocurrency market outlook, at $17.353 on the Poloniex exchange. The market has since retreated to $16.00, but the target at $17.387 remains valid while a key support lies at $15. The price of bitcoin has also drifted higher over the week, flirting with the $1250 handle at the time of writing.

This week’s review

Facebook Comments


Comments are closed here.

Read previous post:
Despite Risk of Arrest, Venezuelans are Turning to Bitcoin Mining

In a troubled economy, more and more Venezuelans are turning to Bitcoin mining despite risk of arrest by police for...

Close