nChain Unveils 'Universal Blockchain Asset': Implications for Diversity in Blockchain Technology

Q: How long will it take to read this news story?

The story " nChain Unveils &#039;Universal Blockchain Asset&#039;: Implications for Diversity in Blockchain Technology" has 1217 words across 65 sentences, which will take approximately 6 - 11 minutes for the average person to read.

Q: Which news outlet covered this story?

The story " nChain Unveils &#039;Universal Blockchain Asset&#039;: Implications for Diversity in Blockchain Technology" was covered 1 months ago by CoinGeek, a news publisher based in Canada.

Q: How trustworthy is 'CoinGeek' news outlet?

CoinGeek is a fully independent (privately-owned) news outlet established in 2012 that covers mostly crypto news. The outlet is headquartered in Canada and publishes an average of 6 news stories per day. It's most recent story was published 10 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21056459</li><li>URL: https://beamstart.com/news/what-if-your-blockchain-is-17163655212957</li></ul>

CoinGeek 1 mo ago

nChain Unveils 'Universal Blockchain Asset': Implications for Diversity in Blockchain Technology - CoinGeek

Quick Summary:

Vaughan used digital assets to pay these, which worked great until one of the vendors claimed they had not received payment for their services. After looking into it, Vaughan discovered that he had accidentally used a derivative asset of the stablecoin, meaning the assets went to an address the vendor didn’t use.

This packet has inputs and outputs: inputs are references to the previous owner/packet and a signature from the previous owner authorizing the transfer. In the outputs is the recipient’s public key and, crucially, a reference to an unspent blockchain output and the chain it lives on.

It’s called the “UNIVERSAL BLOCKCHAIN ASSET,” a token that can be issued on one blockchain that isn’t restricted to that blockchain.How was this achieved?