SIGN UP FOR OUR NEWSLETTER
The popular digital currency Bitcoin, witha market capitalization of over $16 billion, was in the news over the weekend after it recrossed the $1,000/Bitcoin value threshold. Despite the buzz around Bitcoin, there is another cryptocurrency-related project that is poised to revolutionize the way in which we exchange.
SIGN UP FOR OUR NEWSLETTER
The Ethereum Project, an open source platform developed by 22-year old programmer Vitalik Buterin, is seeking to build upon the blockchain technology established by Bitcoin by allowing developers to use the blockchain to build decentralized applications.
The blockchain is a decentralized database where records and entries are virtually unchangeable. While Bitcoin utilizes blockchain technology to manage a currency, the Ethereum Project provides an open source environment where programmers can create applications on the blockchain.
Tristan Winters, a reporter at ETHNews, the leading online Ethereum news site, explained to me the Ethereum project in laymans terms: Ethereum is a world computer. Instead of hosting apps on a server, you host them on the Ethereum blockchain and p2p network (world computer). So the apps are censorship resistant and no one can shut them down, even if they want to.
Ethereum is driven by Ether, a cryptocurrency that acts as fuel for the system. According to the projects website, Ether is a necessary element that ensures that developers are writing quality applications:
Ether is a necessary element a fuel for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources).
Because of the open source nature of Ethereum, its has almost limitless functions. Developers have proposed and began work on decentralized file storage systems, financial systems, and business management systems.
Ethereum allows actors to create smart contracts, which are programs that run on the blockchain that can handle currency in a way that is unchangeable. Smart contracts can be used for a variety of business functions, such as the representation of shares, organizational voting, and fundraising.
The decentralized nature of the Ethereum blockchain would allow for social networks that are truly resistant to censorship. Unlike Facebook or Twitter, a social network operating on Ethereum wouldnt be accessed via centralized servers. Such a network would exist as a peer-to-peer network that lives on computers throughout the world. Because such a network would have no centralized body, censorship would be extremely difficult.
Although it is unclear what the future holds for the Ethereum Project and the value of Ether, it seems likely that there is increasing interest in decentralized applications that have the potential to liberate an increasingly centralized world.
Tom Ciccotta is a libertarian who writes about social justice and libertarian issues for Breitbart News. You can follow him on Twitter @tciccotta or email him at tciccotta@breitbart.com
Follow this link:
Ethereum Project Offers Censorship Resistant 'World ...
- Australias populist right embraces unconstrained freedom of expression but only when it suits them - The Guardian - May 25th, 2024 [May 25th, 2024]
- Pro-Palestinian artists face ongoing censorship in the US, while rich art collectors demand student protesters be ... - WSWS - May 25th, 2024 [May 25th, 2024]
- Israels censorship of the AP is a cautionary tale for the US - The Hill - May 25th, 2024 [May 25th, 2024]
- New tool tracks incidents of artistic censorship related to Israel-Hamas war - Art Newspaper - May 25th, 2024 [May 25th, 2024]
- A New Index is Mapping Incidents of Censorship - ARTnews - May 25th, 2024 [May 25th, 2024]
- Israel's seizure of AP equipment shows slippery slope of censorship - Freedom of the Press Foundation - May 25th, 2024 [May 25th, 2024]
- SJP hosts graduation ceremony in response to UH's divestment censorship - The Cougar - The Daily Cougar - May 25th, 2024 [May 25th, 2024]
- Now city staff impose their own censorship over what council members can add to council agendas - The Citizen.com - May 25th, 2024 [May 25th, 2024]
- On never being able to stop - Index on Censorship - May 25th, 2024 [May 25th, 2024]
- Israel's seizure of AP equipment is censorship, plain and simple - Freedom of the Press Foundation - May 25th, 2024 [May 25th, 2024]
- Minnesota and other Democratic-led states lead pushback on censorship. They're banning the book ban - Sentinel ... - Sentinel Colorado - May 25th, 2024 [May 25th, 2024]
- Where are those who stand against censorship and cancel culture now? - Jos Soeiro - DiEM25 - May 25th, 2024 [May 25th, 2024]
- Have Pro-Palestine Artworks Been Censored in Your State? - Hyperallergic - May 25th, 2024 [May 25th, 2024]
- CAIR Urges Facebook Oversight Board to Reject Pressure to Censor Pro-Palestinian Speech - - Council on American-Islamic Relations - May 25th, 2024 [May 25th, 2024]
- Jon Stewart Mocks Conservative Freak Out Over Left Wing 'Censorship': 'Trump Is the Real Cancel Culture' | Video - TheWrap - May 25th, 2024 [May 25th, 2024]
- Musk, Moraes, and the battle for free speech - The Brazilian Report - May 25th, 2024 [May 25th, 2024]
- Washington Post urges universities to get rid of DEI statements: 'Self-censorship' - Fox News - May 25th, 2024 [May 25th, 2024]
- Book Censorship: Academic Freedom Comes at a Price, When Will American Schools be Willing to Pay? - The Inquirer - May 25th, 2024 [May 25th, 2024]
- NRA case shows the Supreme Court must stop informal censorship - Foundation for Individual Rights and Expression - March 24th, 2024 [March 24th, 2024]
- Microsoft faces bipartisan criticism for alleged censorship on Bing in China - The Register - March 24th, 2024 [March 24th, 2024]
- Is Fighting Misinformation Censorship? The Supreme Court Will Decide. - Reply All | Gimlet - March 24th, 2024 [March 24th, 2024]
- The censorship industry and it's connection to Israel - JNS.org - March 24th, 2024 [March 24th, 2024]
- How to improve Chinese TV? Better censorship, says top tellie-maker - The Register - March 24th, 2024 [March 24th, 2024]
- Up First briefing: Putin wins Russian election; SCOTUS censorship case - NPR - March 24th, 2024 [March 24th, 2024]
- Elon Musk calls X number one source of news in the worldand also a hardcore, player versus player platform - Fortune - March 24th, 2024 [March 24th, 2024]
- Asking is not censorship: No First Amendment bar for government to talk to publishers - New York Daily News - March 24th, 2024 [March 24th, 2024]
- X-Men: The Animated Series was defined by its censors - Polygon - March 24th, 2024 [March 24th, 2024]
- Justice Jackson lambasted for 'concern' 1st Amendment could 'hamstring government' in COVID censorship hearing - Fox News - March 24th, 2024 [March 24th, 2024]
- The Beginning of the End for the Censorship-Industrial Complex? - National Review - March 24th, 2024 [March 24th, 2024]
- RFK Jr.: Government shouldnt have role in social media moderation - NewsNation Now - March 24th, 2024 [March 24th, 2024]
- Self-Pollinating Narrator of 'Wishtree' Called 'Indoctrination,' Virginia District Group Read Canceled | Censorship News - News Letter Journal - March 24th, 2024 [March 24th, 2024]
- This Country Can't Afford A SCOTUS Weak On Internet Censorship - The Federalist - March 24th, 2024 [March 24th, 2024]
- Banning TikTok is just the first step to censorship - Point Park Globe - March 24th, 2024 [March 24th, 2024]
- SCOTUS Ponders Whether Biden Administration Coerced Social Media Platforms To Censor Speech - Reason - March 24th, 2024 [March 24th, 2024]
- In Virginia, Censors Attempt to Axe 'Wishtree' - Publishers Weekly - March 24th, 2024 [March 24th, 2024]
- Elon Musk Says Moderation Is a Propaganda Word for Censorship About Offensive X Posts - Rolling Stone - March 24th, 2024 [March 24th, 2024]
- Supreme Court Makes A Mockery Of Free Speech - The Federalist - March 24th, 2024 [March 24th, 2024]
- No matter how you view TikTok, banning the platform would be censorship - The Daily Orange - March 24th, 2024 [March 24th, 2024]
- China must look beyond censorship and economic power to win hearts and minds - South China Morning Post - February 5th, 2024 [February 5th, 2024]
- 'The View' Producers Forced To Censor Ana Navarro's Expletive As She Talks About Biden - Daily Caller - February 5th, 2024 [February 5th, 2024]
- How China Censors Critics of the Economy - The New York Times - February 5th, 2024 [February 5th, 2024]
- A Startup Allegedly 'Hacked the World.' Then Came the Censorshipand Now the Backlash - WIRED - February 5th, 2024 [February 5th, 2024]
- Negative Takes on China's Economy Are Disappearing From the Internet - The Wall Street Journal - February 5th, 2024 [February 5th, 2024]
- Let The Government Censor Away Through Agents It Controls, Say Cabal Of A.G.s To U.S. Supreme Court Wirepoints - Wirepoints - February 5th, 2024 [February 5th, 2024]
- 14 Massachusetts colleges land on restrictive free speech list: Censorship and terrible policies - Boston Herald - February 5th, 2024 [February 5th, 2024]
- The Association of Appin Training Centers is waging a global censorship campaign to stop you from reading these ... - MuckRock - February 5th, 2024 [February 5th, 2024]
- Norway owns a part of Putin's propaganda and censorship machine - The Independent Barents Observer - February 5th, 2024 [February 5th, 2024]
- Censorship? That's just obscene! | Opinion | register-herald.com - Beckley Register-Herald - February 5th, 2024 [February 5th, 2024]
- Censorship in the West is the same as Mao's China, says Chinese dissident artist Ai Weiwei - Sky News - February 5th, 2024 [February 5th, 2024]
- South Korean government reported to announce plans for smoking scene censorship from K-dramas and films at the ... - Sportskeeda - February 5th, 2024 [February 5th, 2024]
- Prime Video's 'Expats' Was Filmed in Hong Kongbut You Can't Watch It There - TIME - February 5th, 2024 [February 5th, 2024]
- ADF to 8th Circuit: Govt can't censor pro-life views - ADF Media - February 5th, 2024 [February 5th, 2024]
- Fox News Forced To Censor Trump As He Rants About Gavin Newsom And Michelle Obama - Towleroad - February 5th, 2024 [February 5th, 2024]
- NYC teachers will exchange notes on how to get around censorship to teach kids about the genocide in Gaza - New York Post - February 5th, 2024 [February 5th, 2024]
- The GOP Has a Plan for Online Safety. It Involves Censoring LGBTQ Content. - The New Republic - February 5th, 2024 [February 5th, 2024]
- Opinion: Need help finding a good book? Try one your 9th grader isn't allowed to read - Los Angeles Times - February 5th, 2024 [February 5th, 2024]
- 'Gateway to Censorship': Journalist Bodies Express Concern Over Proposed Broadcasting Services Bill - The Wire - February 5th, 2024 [February 5th, 2024]
- The Dangerous Pursuit of Journalism in Russia: A Harrowing Reality - Medriva - February 5th, 2024 [February 5th, 2024]
- Global censorship campaign raises alarms - Freedom of the Press Foundation - January 21st, 2024 [January 21st, 2024]
- Texas Library Censorship Attempt Struck Down By 5th Circuit - Above the Law - January 21st, 2024 [January 21st, 2024]
- Attacks, arrests, threats, censorship: The high risks of reporting the Israel-Gaza war - Committee to Protect Journalists - January 21st, 2024 [January 21st, 2024]
- South Sudan's Battle with Censorship: Removing Hateful News Articles - The Organization for World Peace - January 21st, 2024 [January 21st, 2024]
- Intimidation leading to censorship in Wisconsin school libraries - Milwaukee Journal Sentinel - January 21st, 2024 [January 21st, 2024]
- Censorship over Palestine: Holocaust Survivor Decries Repression After Talks in Germany Are Canceled - Democracy Now! - January 21st, 2024 [January 21st, 2024]
- As Legacy Media Continues in Decline, It Espouses Censorship More - Walter Bradley Center for Natural and Artificial Intelligence - January 21st, 2024 [January 21st, 2024]
- Trump Nomination: Pundit Expects Censorship, Calls for Riots - The Dallas Express - January 21st, 2024 [January 21st, 2024]
- Data Overwhelmingly Supports Libraries and Library Workers: Book Censorship News, January 5, 2024 - Book Riot - January 5th, 2024 [January 5th, 2024]
- Blame adults these days for censorship - Times Higher Education - January 5th, 2024 [January 5th, 2024]
- CNN admits it runs all Gaza coverage through bureau monitored by Israeli military censor - Salon - January 5th, 2024 [January 5th, 2024]
- Does your Pa. school policy open the door to censorship? - phillyBurbs.com - January 5th, 2024 [January 5th, 2024]
- Iran's internet price rises, and so does the fear of greater censorship - TechRadar - January 5th, 2024 [January 5th, 2024]
- Report highlights censorship and repression of Palestine solidarity across Europe - Morning Star Online - January 5th, 2024 [January 5th, 2024]
- 2024, the year that four billion go the polls - Index on Censorship - January 5th, 2024 [January 5th, 2024]
- Government Internet censorship was imposed 196 times last year - 9to5Mac - January 5th, 2024 [January 5th, 2024]
- In the shadows of self-censorship: The impact of the Cyber Security Act on Bangladeshs LGBTQ+ movement - Global Voices - January 5th, 2024 [January 5th, 2024]
- Jeffrey Wright Says Studio Hired a Replacement Actor to Dub Him After He Refused to Censor the N-Word in a Film: Nah. Thats Not Happening - Variety - January 5th, 2024 [January 5th, 2024]
- Comedian and musician Tom Smothers dies at 86: A victim of government and corporate censorship in the late 1960s - WSWS - January 5th, 2024 [January 5th, 2024]
- Polish pavilion selection at Venice Biennale gets political as rejected artist cries censorship - Art Newspaper - January 5th, 2024 [January 5th, 2024]
- Wartime censorship is necessary, but must be responsible - editorial - The Jerusalem Post - January 5th, 2024 [January 5th, 2024]
- Jeffrey Wright Says a Replacement Actor Dubbed His Lines When He Refused to Censor the N-Word - PEOPLE - January 5th, 2024 [January 5th, 2024]