In this episode, the focus is on the role of incentives in blockchain technology, specifically in Bitcoin, to ensure network security. Two main consensus algorithms for providing these incentives are discussed: Proof of Work (PoW) and Proof of Stake (PoS). In PoW, miners use computational power to solve complex equations, thereby creating new coins and…
Africa is leapfrogging traditional and legacy banking payments systems in use in much of the developed World through fast adoption of mobile and internet based technology. Cutting edge blockchain technology such as Bitcoin has great potential in creating efficiency and disrupting traditional mechanisms for international trade, resource management, and governance where current transaction costs are…
BitHub.Africa was invited by Bankable Frontier Associates, a global strategy consulting firm, to speak to representatives from African Central Banks and Regulators at the Digital Finance Services(DFS) Workshop hosted at the Kenya School of Monetary Studies in Nairobi. John Karanja, our Lead Consultant gave a presentation on The Blockchain Opportunity for Financial Inclusion which covered the…
