Moody’s Research Warns Corporations That Private Blockchains Contain New Risks

News feeds from various cryptocurrency informational sources.

Moderator: Admin

wonai
Active User
Posts: 122
Joined: Thu May 23, 2019 5:48 am

Mon Jul 08, 2019 12:10 pm

If you want to use both the GUI and the daemon, read both the GUI instructions and the daemon instructions. Note that you can’t run both the GUI and the daemon at the same time using the same configuration directory.
News wrote:
Mon Apr 29, 2019 2:08 pm
United States credit rating agency Moody’s Investor Service warned about the dangers of private versus public blockchains in new research issued on April 25.

Part of an investigation into the potential impact of blockchain technology on structured finance, the report highlights key differences between current market trends.

Specifically, corporations should be aware of the pluses and minuses involved in using private blockchains, which can run without a decentralized consensus or governance mechanism and thus become open to manipulation.

“New risks with blockchain technology in securitizations may emerge as well as the reinforcement of some already existing ones,” a summary of the research document reads. It continues:
“Risks include counterparty concentration, IT and operational risks, inappropriate blockchain governance and legal and regulatory issues.”
Multiple major global entities have sought to leverage blockchain in one way or another with an eye to hooking specific market sectors.

Those efforts have resulted in forms of blockchain that are far removed from the decentralized structure powering bitcoin (BTC), with some, such as Accenture’s editable blockchain technology, even allowing users to alter the flow of information they contain.

For Moody’s, such features pose inherent risks.

“Private/centralised blockchains are more exposed to fraud risk because system design and administration remains concentrated with one or few parties,” the report summarizes.

Earlier this month, the World Economic Forum nonetheless reported that blockchain interest was high among central banks, with 40 considering the use of phenomena such as digital currencies.

The governments of Afghanistan and Tunisia, meanwhile, told the International Monetary Fund that they want to issue bitcoin-based bonds in future.
wonai
Active User
Posts: 122
Joined: Thu May 23, 2019 5:48 am

Tue Jul 09, 2019 8:06 pm

After download is complete, you may use Bitcoin Core as your wallet or you can just let it run to help support the Bitcoin network.
alayemi
Active User
Posts: 144
Joined: Thu May 23, 2019 5:44 am

Tue Jul 09, 2019 8:49 pm

If you installed Bitcoin Core into the default location, type the following at the command prompt to see whether it works:

C:\Program Files\Bitcoin\daemon\bitcoin-cli getblockchaininfo
gurumaster
Active User
Posts: 159
Joined: Wed May 22, 2019 12:37 pm

Wed Jul 10, 2019 3:24 am

After downloading the file to your desktop or your Downloads folder (C:\Users\<YOUR USER NAME>\Downloads), run it by double-clicking its icon.
labie
Active User
Posts: 126
Joined: Thu May 23, 2019 5:47 am

Wed Jul 10, 2019 4:27 am

During the download, Bitcoin Core will use a significant part of your connection bandwidth. You can stop Bitcoin Core at any time by closing it; it will resume from the point where it stopped the next time you start it.
labie
Active User
Posts: 126
Joined: Thu May 23, 2019 5:47 am

Wed Jul 10, 2019 4:57 am

During the download, Bitcoin Core will use a significant part of your connection bandwidth. You can stop Bitcoin Core at any time using the stop command; it will resume from the point where it stopped the next time you start it.
wonshey
Active User
Posts: 130
Joined: Thu May 23, 2019 5:46 am

Wed Jul 10, 2019 5:12 am

The blockchain and wallet files in the data directory are compatible between versions so there is no requirement to make any changes to the data directory when upgrading.
wonai
Active User
Posts: 122
Joined: Thu May 23, 2019 5:48 am

Wed Jul 10, 2019 6:46 am

Unfortunately many routers don’t allow automatic configuration, so you must manually configure your router. You may also need to configure your firewall to allow inbound connections to port 8333. Please see the following subsections for details.
wonai
Active User
Posts: 122
Joined: Thu May 23, 2019 5:48 am

Wed Jul 10, 2019 7:00 am

After you press Check Node, the tool will inform you whether your port is open (green box) or not open (red box). If you get the green box, you don’t need to do anything—you accept inbound connections. If you get the red box, please read the enabling connections subsection.
alayemi
Active User
Posts: 144
Joined: Thu May 23, 2019 5:44 am

Wed Jul 10, 2019 8:15 am

In order for your router to direct incoming port 8333 connections to your computer, it needs to know your computer’s internal IP address.
Post Reply
BTC
EOS
ETH
LTC