blockchain charity donations

To round out the year, we asked our Block Explorer writers to tell us what they’re most excited about for blockchain and crypto in 2019. In this piece, Rebecca Campbell explores the potential for blockchain to bring transparency to charitable giving.

As 2018 draws to a close, a look back at the last 12 months has been anything but smooth for the cryptocurrency market.

This time last year, bitcoin was trading within touching distance of $20,000 and the bulls were loving it. Fast-forward to December 2018 and bitcoin has fallen roughly 80%. So, as the market slowly turns away from 2018 and looks ahead to 2019, what is it that I’m most excited about the space for the New Year?

Blockchain Brings Transparency to Charity 

Throughout 2018, the use of the blockchain in the supply chain industry has demonstrated the potential the technology has in improving services.

Whether it’s within art, food, humanitarian, fashion or healthcare, knowing what is happening from start to finish can change how we view things, delivering a greater level of transparency, and with it trust.

For me, I’m particularly interested in seeing how the blockchain can change how we give money to charities. 

Blockchain in Supply Chains

Millions of people around the world donate to charity, but for many, the question of how the money is spent and who it’s helping often remains unanswered.

Trust and confidence in the charity sector remains low, according to a Trust in Charities 2018 report by Populus, a UK market research company, and the Charity Commission for England and Wales.

It notes that trust and confidence had dropped to 5.5 out of 10, declining from 5.7 when the report was last conducted in 2016. This drop in faith follows the scandal surrounding Oxfam earlier this year, in which Oxfam was banned from Haiti after its workers were accused of sexual misconduct.

Trust in charities
Trust in charities has declined precipitously over the last few years, according to Populus report.

Blockchain Startups Bring Transparency to Charity Donations

In a bid to improve how we view charity donations, there are already several platforms available, which are working at bringing about transparency to the donation process.

One of which is London-based Alice, a social funding and impact management platform built on the Ethereum blockchain.

Launched in 2017, the platform’s first pilot was in partnership with St. Mungo’s a UK-based homeless charity. The aim of which was to find homes for 15 homeless people on the streets of London.

Alice blockchain charity
Alice’s pilot project to help the homeless in London

Raising $103,000 in Bitcoin

Another platform that is delivering transparency to how we donate is Italian startup Helperbit, a natural disaster management platform whose goal is to bring transparency to the charity and insurance sectors, giving people back the power.

To date, Helperbit has received 354 donations, amounting to nearly $109,000 in bitcoin from 1,298 users, with 12 different projects currently ongoing. One project is raising money for toys that can be built or adapted for children with disabilities. Another project is raising money for a clean water project in Nigeria.

California-based BitGive Foundation is another platform that is making waves within the crypto and blockchain giving space.

Founded in 2013, the first Bitcoin non-profit organization has been working for the last five years at boosting transparency within the donation industry. Last October, BitGive went live with its beta version of GiveTrack, a blockchain-based donation platform that enables donors to transfer, track, and deliver a permanent record of transactions across the globe from start to finish.

BitGive projects
BitGive projects from 2013 – 2016

Earlier this month, the organization launched GiveTrack 1.0 which lets donors track how their funds are used in real time. BitGive also announced its support for four new non-profit organizations: Code to Inspire, Desafio Levantemos Chile, América Solidaria and Run for Water.

Donors Know Exactly Where Their Money Is Going

Through the GiveTrack platform, it’s aiming to give donors a higher level of confidence, knowing that the money they are donating is going to those who need it the most as well as how the funds are spent.

These are just a few of the charity platforms that are using blockchain to improve the donation supply chain. And as we move toward 2019, I’m excited to see what else these organizations have in store and how they can further improve the charity sector.

With confidence and trust at an all-time low for the charity sector, blockchain-based platforms, such as those mentioned, are paving the way to how more people around the world may donate in the future.

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Every Friday, we take a light-hearted tour through the best memes, artwork, and oddities from the cryptoverse.  This week, Carty Sewill explores the Pink Wojak’s cousin, the Green Wojak.

We could all use a little optimism. There hasn’t been much of it over the past few months; that’s for sure. But in that time we’ve seen a pump or two and felt the warm glow of hope. A reminder of past highs and profitable longs. It’s been quite some time since bullish crypto memes graced the front page of Reddit and flooded Crypto-Twitter. But they’re out there. Waiting. One such meme is the Pink Wojak’s cousin the Green Wojak.

Green Wojak
The Green Wojak

Whereas the Pink Wojak is a symbol of despair, regret, and desperation, the Green Wojak is the antithesis. A calm, collected ‘hodler,’ the Green Wojak is the image of an optimistic and profitable ‘bullish’ investor. Always exiting the rollercoaster at the top and buying the bottom.

Though our Green Wojak might share the same origin story as his evil twin, his emergence in early 2017 was a time of optimism and hope for the crypto market. Bitcoin maximalists seemed to have won out and everyone looked to be reaping the benefits. A hard fork of “Feels Guys,” the Green Wojak started seeing the light of day in early 2017 as altcoins began to rally behind bitcoin. The original post seems to be lost out there somewhere so the specific time and date are a bit ambiguous.

original wojak
The original Wojak or “Feels Guy.”

But its place of birth is the same as, seemingly, any great crypto meme. It was originally posted on 4Chan channel,  /biz/. With the kind of placid comfort and profitability only a mediocre MS Paint sketch can imbue, it seems /biz/ has become the center of the crypto-meme-verse. And for good reason.

wojakbiz
Green Wojaks on 4Chan /biz/

The Green Wojak is just one in a long line of iconic crypto-memes flowing out of the crypto-trollbox. And like the others, he’s become the focus of Bizonacci videos, countless spinoffs and mashups, and an endless stream of content focused on everyday price movements in our favorite market; crypto.

green and pink wojak
A green and pink Wojak mashup

Here’s hoping we see more of /biz/’s Green Wojak in the near future. I saw a few just last week. Though the bullish sentiment that came with them seems to have faded now. He will return soon. That’s for certain.

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Zilliqa, IOSToken, Filecoin mainnet launch

To round out the year, we asked our Block Explorer writers to tell us what they’re most excited about for blockchain and crypto in 2019. In this piece, Delton Rhodes explains the potentially ground-breaking mainnet launches of Zilliqa, IOSToken, and Filecoin.

For both the worst performing and best performing cryptocurrencies in 2018, the market has been bear and bleak. Despite these results, there has been a lot of technical progress from several of the top projects in this space throughout the past year. 

Several mainnet launches are planned for Q1 and Q2. Here are three notable mainnets that I’m looking forward to seeing launch in 2019, listed in order of anticipated/scheduled launch dates.

Zilliqa Mainnet, Scheduled for January 31, 2019

Zilliqa logo

Zilliqa’s mainnet is highly anticipated because it marks one of the first projects to put its attention towards sharding technology – an experimental method of increasing blockchain scalability.

For the most part, sharding was still in the research and development phase before Zilliqa began to push implementation forward. Sure, this technology still needs vast improvements. However, people also want to see what sharding is capable of achieving now.

Zilliqa had originally scheduled its mainnet for Q3 2018, but decided to push it back until the end of January 31, 2019. There are two sides on whether this was the correct move. For some, a delay should be avoided at all costs as “something is better than nothing”. For others, though, it’s better to have a high-quality release over one that is ridden with errors. 

However you view such a delay, it’s important to ask why it happened. According to a statement from co-founder Amrit Kumar via the project’s official Telegram group, the team still needed to conduct security audits, get ready for the token swap, integrate with wallets, develop toolchains, and add more dapps to the ecosystem. 

Ultimately, the main thing to examine is what the project accomplishes once the tech is live and ready for the public to use.

Zilliqa sharding
Zilliqa is one of the first to implement experimental sharding technology to achieve huge throughput

According to the project website, the Zilliqa blockchain is already able to handle 2,828 transactions per second (tps). This would be a significant improvement over Bitcoin (7 tps) and Ethereum 15-25 tps). If Zilliqa’s mainnet is successful, it could mean more dapps and technologies built on the Zilliqa blockchain vs. others. 

If it’s unsuccessful, though, this might impact how both this project and others in the industry try to implement sharding solutions.

IOStoken Mainnet Scheduled for February 25, 2019

iostoken-twitter

The ultimate goal of IOSToken is to create a blockchain platform with enough scalability to build a “decentralized economy.”

IOSToken aims to create a foundation for the future of the ‘internet of services’. This could include things like decentralized virtual goods and services markets, cloud computing, file storage, e-commerce, online gaming, gambling, prediction markets, virtual assistant service, online advertising and more.

On December 20, 2018, IOStoken launched its testnet called ‘Everest’. On February 25, 2019, the project plans to release the full mainnet. 

IOSToken roadmap
The IOSToken roadmap for 2019

What makes this project’s mainnet something to look forward to in 2019? First, like Zilliqa, IOStoken will be implementing a sharding solution. With the two mainnets launching so close together, it will be interesting to compare the results. One tweet from March 2018 stated that IOStoken’s consensus protocol had already achieved 8,000 tps in a test environment. 

The tweet also stated that the testnet would launch in Q2 2018, so there was a pretty significant delay (similar to Zilliqa). Have there been any significant updates in IOStoken scalability since then? What’s possible on the mainnet? These are just two of the main questions that need to be answered.

IOStoken also introduces a lot of new scalability solutions that modify existing theories and concepts, putting them all into a real-world blockchain. For example, TransEpoch serves as the node-to-shard transition assignment protocol. Proof-of-Believability is a consensus protocol that aims to improve upon Proof-of-Work by assigning nodes a believability score as well as grouping nodes into two categories: believable and normal. Micro State Blocks (MSBs) ensure the accuracy of validation without having to check the whole blockchain. 

Filecoin Mainnet, Anticipated Launch in Mid-2019

filecoin

Back in September 2017, fundraising for Filecoin broke the all-time record for blockchain projects. With $257 million raised, mostly within the span of one month, the project has big ambitions. Even some of the world’s largest investment groups backed Filecoin. The project collected $52 million in a presale that included Sequoia Capital, Andreessen Horowitz and Union Square Ventures, among others. 

The concept of a blockchain-based data storage and data processing network isn’t exclusive to Filecoin. Similar projects like Storj (STORJ) Siacoin (SC), iExec (RLC), Golem (GNT), and MaidSafe (MAID) are also competing in this space. 

Filecoin has made progress, as seen with three demo videos published in August 2018. The first shows the go-filecoin command-line tool and live filecoin nodes running on a testnet. The second displays a network visualization and block explorer tool. The final one is an overview of the storage market and provides info on the roles of miners and clients. As of the end of Q2 2018, the project had completed the majority of its private codebase goals and planned to launch a public codebase as well as community forums.

The Filecoin roadmap

It’s the end of 2018, and Filecoin hasn’t delivered too many technical breakthroughs that are accessible to the public. This, however, could change with the release of its mainnet scheduled tentatively for sometime in mid-2019. 

Also, this mainnet poses important questions both for Filecoin specifically as well as other projects with similar amounts of available capital. Should we expect more results in a shorter amount of time from a project that raised so much? If so, how should it compare to other projects with fewer funds and resources? 

This isn’t an exact science, especially due to the fact that a lot of infrastructure is just now being developed. In addition, like most other infrastructure projects, many theoretical concepts are finally being tested thoroughly and applied for the first time. Still, most people who follow blockchain are probably also pondering these questions.

Conclusion

This list certainly doesn’t serve as a be-all and end-all for mainnets launching in 2019. There are likely to be several other game-changing mainnet releases as well as significant updates from blockchain projects that already have mainnets. From a blockchain infrastructure perspective, though, the three projects mentioned above are definitely ones to watch out for throughout this coming year. 

Can they change the current hierarchy of blockchain and crypto? Will they bring innovative solutions that people will actually want to use? Although technical capabilities are an essential component to success of any project, it’ll also be interesting to keep up with if (and to what extent) user adoption follows.

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blockchain holiday reading

Happy holidays, folks. It’s been a long, tough year in the world of crypto, but if you’re reading this, I think you’ll be on the right side of history when the dust settles.

We’re riding out this crypto winter by putting together some of the best blockchain guides out there. The most important thing you can do right now is build knowledge, expand your understanding, and gain confidence in this new technology.

So, whether you’re bored over the holidays or hiding from the in-laws, let’s dive into some of our most popular guides so far. (If you like them, stick around because we’ll have plenty more in the new year).

1. What is Bitcoin? Absolutely Everything You Need to Know

This is our flagship beginner’s guide to bitcoin. It’s written in simple, easy-to-understand language, but you’ll feel like a pro by the end of it. We cover everything from bitcoin’s mysterious creator, the technology that powers it, and how to buy it.

Read it now.

2. What is Ethereum? Absolutely Everything You Need to Know

A beginner’s guide to the third-largest cryptocurrency, Ethereum. Like our bitcoin guide, it’s written in simple language designed to level up your knowledge as you read through it. Discover how Ethereum is different to bitcoin and how it could disrupt an entire generation of existing services.

Read it now.

3. The Silk Road: A History of Bitcoin, Drugs, and the Dark Web

Launched in February 2011, the infamous Silk Road marketplace became a hub for drug dealers using bitcoin and the dark web to sell their wares. Silk Road founder Ross Ulbricht is currently serving a double life sentence, plus 40 years, without parole. But the story is not so simple. It’s a story of corrupt police detectives, aliases, and deep conspiracy.

Read it now.

4. Who is Satoshi Nakamoto (Bitcoin’s Mysterious Creator)?

We reveal 24 clues about the elusive creator of bitcoin. Known only as the pseudonym “Satoshi Nakamoto,” Bitcoin’s founder has never been identified. He disappeared completely in 2011, but not without leaving a few possible hints at his identity.

Read it now.

5. 13 of the Best Blockchain Games (& How to Actually Play Them)

In late 2017, a blockchain game called Cryptokitties became so popular it congested the entire Ethereum network. But it gave us an insight into how big blockchain gaming could become. Although most blockchain games are still quite primitive, there’s huge potential out there. Here are 13 of the best so far.

Read it now.

6. The Most Important Women in Blockchain

As the New York Times reported earlier this year, the blockchain industry has been dominated by “blockchain bros,” with women accounting for just four-to-six percent of blockchain investors. We shine a light on ten groundbreaking women taking the industry forward.

Read it now.

7. A Complete History of Bitcoin

We track the cryptocurrency timeline back to the very earliest attempts at digital currency (ten years before bitcoin was created). Along the way, we point out the biggest moments in bitcoin history including the infamous Mt. Gox hack, the Silk Road dark-web marketplace, to the historic $20,000 price tag.

Read it now.

8. The 12 Best Bitcoin Wallets

Storing your bitcoin in a safe and secure wallet is the most important decision you’ll make in your crypto journey. But how do you find one you trust? We dive into the 12 best wallets in 2018 and beyond.

Read it now.

Happy holidays from all of us here at Block Explorer!

bigstock-Gold-Bitcoin-Crypto-Currency--213810058

2018 was epic. It started with the madness of altcoins rally at the beginning of the year. Followed by massive steps towards bitcoin and crypto mass-adoption made by regulators, large enterprises, and institutional investors. 

And it ended with the blood and tears of traders on the streets (we can still hear some of them screaming). 

Block Explorer is willing to reflect on the most important events that brought the industry to its current state. So, here are the major crypto announcements that shaped 2018: 

1. January: The Perfect Month to Ban Something

Bitcoin price: $14,112 (on the first of the month)

The beginning of January was marked by the huge news splash made by the South Korean government. They unveiled plans to ban anonymous trading on cryptocurrency exchanges over tax avoidance. And sent the police and tax-collecting authorities to their offices. 

As a result, the bitcoin price decreased by $2,000.

At the end of the month, crypto was in trouble again, as Facebook decided to ban all ads related to digital currencies. Since Facebook marketing was a major driving force for many initial coin offerings (ICOs), it cut the source of easy promo for many blockchain startups. 

2. February: China and Bankers Join Forces Against Bitcoin

Bitcoin price: $10,264

It’s not easy living in China without the freedom of internet browsing, catching up with friends on Facebook or just googling. All of that is restricted by the “Great Firewall of China.”  At the beginning of February, the list of undesirable foreign websites was supplemented with bitcoin-related websites to eliminate the financial risks for Chinese citizens.

Next, the head of the Bank for International Settlements (BIS) called bitcoin “a bubble, a Ponzi scheme, and an environmental disaster”. The media went nuts over it, and the more they referred to it in the following articles the more the price of crypto was sliding down, falling as much as 14% in one day. 

3. March: SEC has a Crush on Crypto Exchanges. Google Doesn’t

Bitcoin price: $10,433

Some more heartbreaking and uncomfortable milestones for bitcoin and crypto included the U.S. Securities and Exchange Commission (SEC) announcement made in March. They obliged all cryptocurrency exchanges to go through the registration procedure through the agency. 

One week later, news from Google set an overall moody tone of the blockchain scene: the company joined Facebook to ban all cryptocurrency-related ads. 

google bans crypto ads

4. April: India Joins the Strike Against Bitcoin 

Bitcoin price: $7,030

In April, crypto’s misadventures continued. This time the Central Bank of India (The Reserve Bank of India) banned financial institutions from allowing transactions from people’s accounts to bitcoin wallets. 

5. May: Goldman Sachs is Going Crypto, “Rich Dudes” are Boiling Over

Bitcoin price: $9,037

A little happy bitcoin rally happened when it was uncovered that Goldman Sachs had its own team dedicated to entering the crypto market. 

Although some people were are not happy about it. Including some very “rich dudes” that were on a mission to come up with the most-quoted insult for bitcoin. For instance, well-known billionaire value investor Warren Buffett referred to bitcoin as “rat poison squared,” and Bill Gates, one of the kindest billionaires in the world, labeled it a “greater fool theory”. 

Later this month the U.S. Justice Department started an investigation into bitcoin price manipulation. Oh, boy, it’s getting tougher.

But even in spite of all those troubles, crypto was still on a good path to wider acceptance. Or how else could you explain the 25 million crypto wallets registered at blockchain.com?  

6. June: Facebook is Stricken by FOMO  

Bitcoin price: $7,519

In June it was time for more bad news. It’s never enough in the crypto world. A panic sell-off happened in the first half of the month after Coinrail’s hack announcement. Even though this South Korean exchange was relatively small it led to a rapid 10% drop in bitcoin price. 

A couple of weeks later, big news came from Facebook who decided to reconsider the crypto advertising ban. Promoting initial coin offerings was still off the table though. 

7. July: Winklevoss Twins Keep Being Stubborn With SEC

Bitcoin price: $6,366

July was relatively calm for cryptocurrencies. Probably because most of the troublemakers were on vacation. But some news was still in the air, including the fact that asset-management heavy-weight BlackRock was looking into crypto assets and another SEC rejection of exchange-traded fund (ETF) proposal filed by Winklevoss twins. 

8. August: Too Many Rejections of ETF Proposals

Bitcoin price: $7,634

August was all about ETF proposals, their postponing and rejections. The bitcoin exchange rates struggled at first, but at the end of the month, after the U.S. Security Exchange Commission declined nine bitcoin ETFs, the price of the major crypto remained stable. How resilient is it? 

9. September: The First Crypto-Related Company Files for IPO

Bitcoin price: $7,192

Most of September’s announcements were quite positive. First, there was more news about Goldman Sachs jumping into crypto. The company’s chief financial officer Martin Chavez confirmed that the Wall Street giant was working on the development of bitcoin-based derivatives that will be accessible to the bank’s clients. 

At the end of the month, one of the leading bitcoin miners, Bitmain, spilled out their intention to run an initial public offering (IPO). And the application for the process was already filed. Bitcoin Cash prices (one of the assets Bitmain is mining) surged up to 20% rapidly. 

10. October: Happy birthday, Bitcoin. Here’s Your Mass-Adoption

Bitcoin price: $6,619

More happy news to celebrate the ten-year anniversary of Bitcoin’s whitepaper. Big steps from institutional investors happened in the middle of October when Fidelity Investments announced the launch of a spin-off company, dedicated to crypto assets exclusively. The new firm named Fidelity Digital Assets was onboarding its first clients and still preparing for the grand opening for the general public in 2019. 

Also, the launch of the first blockchain phone, made by HTC, stole the headlines in October. 

11. November: Blood, Sweat, and Tears of Bitcoin Cash Fork 

Bitcoin price: $6,427

Fights over the Bitcoin Cash fork got completely out of control. The battle between BCHSV (Satoshi Vision), lead by Craig Wright, aka Fake Satoshi and BCHABC (Adjustable Blocksize Cap), driven by Roger Ver, previously labeled as Bitcoin Jesus was observed by the entire industry. It triggered huge crypto volatility, increased trading volume and, as some experts might say, a bitcoin nosedive to a new bottom. And we are still in the middle of that roller coaster.

On the other hand, we had some good news too. Like the announcement about the first state in the U.S. will be accepting bitcoin as a tax payment. Way to go, Ohio! 

This year is not over yet, and we don’t know exactly what the future holds. As you know in crypto, “one day you are in, and another day you are out”.  But we promise to keep you posted. 

And what was your favorite news break of the year? Go ahead and share it in the comment section below.

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