THELOGICALINDIAN - The Senate cyberbanking board has been advancing a Report on agenda bill and in account of which Andreas Antonopoulos forth with abounding others accept testified afore a board The cessation accomplished by the board seems to be a abundantly absolute one adage absolutely that the allowances of this technology outweigh the challenges it introduces and advising a ablaze blow in the authoritative side
A little while ago Decentral, was approached by a Senate staffer for abetment in agreement a abbreviate bulletin and a “proof of existence” into the Blockchain on the absolution of their address about agenda currencies. Today that address and the Blockchain bulletin additional the affidavit of actuality accept been about appear and included in the block #361625 of the Bitcoin Blockchain.
In adjustment to abbreviate the Blockchain bloat, both the bulletin and the certificate assortment were anchored application OP_RETURN so that abounding nodes do not accept to abundance the UTXO’s in their mempool, as they are affected to with, for example, the aptly-named cryptograffiti approach.
The certificate assortment was anchored application the architecture from ProofOfExistence.com, admitting not through the armpit itself due to a charge for the bright affiliation amid the bulletin and the certificate hash. To verify the affidavit of existence, download the book anon from the Senate articulation and assortment it with the sha256 algorithm.
Mostly for fun, and partly as a nod to the community, the Canadian Senate has anchored the bulletin “Senate Banking Committee calls for light-touch access to adjustment of Satoshi’s invention” as able-bodied as a abbreviate cryptographic “timestamp” that will prove to after admirers the certificate existed at this accurate point in time and has not been afflicted since.
For the Canadia Senate, the Blockchain technology offers a defended another to consumers who do not ambition to see their claimed advice abatement casualty to the Internet. It offers the adeptness to transact on the Internet after administration their claimed advice with third parties whose databases accomplish dank targets for hackers. Instead, Blockchain technology gives consumers the ability to accommodate their own hack-proof online security.
Finally, they accede this technology requires a ablaze authoritative touch. As they larboard the angle that Bitcoin will need, not necessarily regulation, but adjustment as necessary.
