Category Archive: network

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Universities can have their own Bitcoin Nodes thanks to BSafe

distributed network
Several researchers want to encourage universities to set up bitcoin nodes to allow students and teachers to work and test the blockchain.
This private testbed network is called BSafe and it aims at helping the Bitcoin technology proliferate and preventing hacker attacks.
“Most developers in this world think that bitcoin’s fundamental cryptographic algorithm is ideal and can be used as a black box,” explained to Coindesk Shin’ichiro Matsuo, co-founder of the BSafe network.

How universities can have their own Bitcoin Nodes thanks to BSafe

BSave will provide a communication channel between universities and Bitcoin Core developers on the several testnets, or the alternative blockchains used for doing tests.
Created in February, the network has five nodes deployed in Japan, UK and another set up by MIT.
Matsuo wants to have a group of 30 university nodes within the end of 2016; also he aims at setting up three university nodes per country in the next future.
“Right now the community is a meritocracy and the majority of it is based on whether you can code,” said Bitcoin Core developer Cory Fields. 
According to Fields, several groups of nodes would be able to measure things that have been difficult to study before.

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Visa is working on a secure and scalable Blockchain

The American multinational financial services corporation Visa annonuced its “secure and scalable” blockchain project.
To do so, Visa opened a position for software engineers who have to “explore and develop technologies that are critical to the payments industry in the future”, as stated in the job advertisement.
visa, blockchain, job, job position, scalable blockchain

Job Description

The researches will cover three key areas: data analytics, security and future of payments, so the team will work on develop a sort of proof-of-concept for the Visa blockchain network.


“Working on Future of Payment research at Visa is a unique opportunity at a time when the payments industry is undergoing a digital transformation with data as a critical differentiator. We offer you the opportunity to be at the center of innovation in the payments industry and unleash the power Visa technologies and massive data in innovating the future of payment concept.”


The perfect candidates must have programming experience, cryptography and “competency in data structures, algorithms and software design optimized for building highly distributed and parallelized systems”. 


Visa partners with Chain

Some months ago, Chain raised $30 million in a new venture funding, drawing funds from some financial companies including Visa.
Chain is a a blockchain developer platform that serves an enterprise market.

The blockchain is no longer a choice

Previously, on December 2015, Visa Europe stated that “the blockchain is no longer a choice”.
In an interesting blog post entitled “Why 2015 was the year of payments”, in fact, they commented on financial technologies including the subject of digital currencies, by saying:


“2015 has turned blockchain into something the industry has to live with. It is no longer a choice anymore. Recent news speculating about the identity of its creator and the formalisation of virtual money as a commodity just makes it more real than ever before.”


To know more about Visa perspective on the blockchain, you can read the full post here.

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Amelia Tomasicchio