Bitcoin Foundation Tinkering with Blockchain-Based Voting for Runoff, Helped by Swarm
Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Foundation says it will be the first to use Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology for a voting process when members cast their vote in the runoff election for the remaining board seats.
The runoff was called after no candidate was successful in securing more than 50% of the original vote, as required by foundation by-laws. The runoff will be between the four candidates who received the most votes during the first round.
The foundation did warn that the feature is in beta and that it will be the first time it's tried. As such, the process may be choppy and "members may not experience the most seamless process." Patrick Murck, the foundation's executive director, said:
"The Foundation’s mission is to advance blockchain technology and this is an important new avenue of innovation. While we may not have the smoothest experience in this experimental launch, it’s important for us to push the boundaries and spark innovation — even if things get a little messy sometimes."
The foundation also said that it partnered with crypto-crowdfunder Swarm to create the platform. Swarm works with blockchain technology to facilitate a platform for decentralized crowdfunding.
Foundation members who are eligible for voting will receive an email from Swarm with instructions on the voting process. Should the initiative fail, the foundation will revert to its Helios platform for the vote.
Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Foundation says it will be the first to use Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology for a voting process when members cast their vote in the runoff election for the remaining board seats.
The runoff was called after no candidate was successful in securing more than 50% of the original vote, as required by foundation by-laws. The runoff will be between the four candidates who received the most votes during the first round.
The foundation did warn that the feature is in beta and that it will be the first time it's tried. As such, the process may be choppy and "members may not experience the most seamless process." Patrick Murck, the foundation's executive director, said:
"The Foundation’s mission is to advance blockchain technology and this is an important new avenue of innovation. While we may not have the smoothest experience in this experimental launch, it’s important for us to push the boundaries and spark innovation — even if things get a little messy sometimes."
The foundation also said that it partnered with crypto-crowdfunder Swarm to create the platform. Swarm works with blockchain technology to facilitate a platform for decentralized crowdfunding.
Foundation members who are eligible for voting will receive an email from Swarm with instructions on the voting process. Should the initiative fail, the foundation will revert to its Helios platform for the vote.