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#AWSMining #AWSTopTeam... moreIf you have an interest in bitcoin and how to earn an extra passive income from Bitcoin mining with a company that has an affordable plan to suit every pocket then comment Yes.
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#Amazon Granted Patent For Streaming Data Marketplace With Bitcoin Use Cas
Amazon Technologies, Inc., a subsidiary of e-commerce giant Amazon, received a patentfor a streaming data marketplace that would enable users to receive real-time cryptocurrency transactions data, according to a document released April 17.
In order to meet the needs of organizations in managing of large amounts of data, the company, according to the patent, developed a technology for processing streaming data on a... more#Amazon Granted Patent For Streaming Data Marketplace With Bitcoin Use Cas
Amazon Technologies, Inc., a subsidiary of e-commerce giant Amazon, received a patentfor a streaming data marketplace that would enable users to receive real-time cryptocurrency transactions data, according to a document released April 17.
In order to meet the needs of organizations in managing of large amounts of data, the company, according to the patent, developed a technology for processing streaming data on a large scale with relatively low latency. Additionally, it would allow developers to “build real-time dashboards, capture exceptions and generate alerts, drive recommendations, and make other real-time business or operational decisions.”
The multi-streaming data service would be able to process information from different sources, including “web site click-streams, marketing and financial information, manufacturing instrumentation and social media, operational logs, metering data and so forth.”
The file also describes a use case regarding a cryptocurrency market “data stream that publishes or includes global Bitcointransactions (or any cryptocurrency transaction).” As stated in the document, the transactions are completely visible to all participants in the network. The patent says:
“For example, a group of electronic or internet retailers who accept Bitcoin transactions may have a shipping address that may correlate with the Bitcoin address. The electronic retailers may combine the shipping address with the Bitcoin transaction data to create correlated data and republish the combined data as a combined data stream.”
Customers that want to consume data may subscribe to the desired data stream and “optionally select desired enhancements that are not already included in the desired data stream.” Among potential consumers, the author of the patent makes an example of a law enforcement agency that could desire to “receive global Bitcoin transactions, correlated by country, with ISP data to determine source IP addresses and shipping addresses that correlate to Bitcoin addresses.” It further added:
“The streaming data marketplace may price this desired data out per GB (gigabyte), for example, and the agency can start running analytics on the desired data using the analysis module.”
Last week, the Bank of America's application for a patent on a Blockchain-based storage system was published. The patent addresses the issue of data transferring and tracking, and describes a system with automated data authentication and secured access of data.
Runaway inflation continues to devalue the Venezuelan Bolivar (VEB), even as the country’s authoritarian government seeks to divert attention from the floundering economy by hawking its “Petro” cryptocurrency.
According to Reuters, prices in Venezuela rose by 454 percent during the first quarter of 2018 and have swelled by 8,900 percent over the past 12 months.
Runaway inflation continues to devalue the Venezuelan Bolivar (VEB), even as the country’s authoritarian government seeks to divert attention from the floundering economy by hawking its “Petro” cryptocurrency.
According to Reuters, prices in Venezuela rose by 454 percent during the first quarter of 2018 and have swelled by 8,900 percent over the past 12 months.
Those numbers are from the opposition-controlled National Assembly and are largely in line with estimates from independent economists. Venezuela’s central bank, meanwhile, has not published official inflation data in more than two years.
This hyperinflation has left Venezuela on the brink of economic collapse, and residents are fleeing the country at an estimated rate of 5,000 migrants per day. By the end of the year, more than five percent of the country’s population — or 1.8 million people — will have left Venezuela.
But rather than address these problems, the government of what was once Latin America’s wealthiest country instead continues to sing the praises of the Petro, its new state-backed cryptocurrency.
President Nicolas Maduro has declared the Petro to be legal tender, and he has claimed that its initial coin offering (ICO) has raised more than $5 billion from investors across the globe. It even received the “Satoshi Nakamoto Prize” from the Russian Cryptocurrency and Blockchain Association, an award it received for reasons that are dubious at best.
Notably, though, the legislature has declared the Petro to be illegal, and many analysts continue to doubt that it actually exists.
But even as Maduro touts the Petro as the solution for all of Venezuela’s ills, the country’s residents are turning to another cryptocurrency to secure their wealth amidst the turbulent economic backdrop: Bitcoin.
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