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EY releases new tool for analyzing Bitcoin transactions and on-chain data

EY has added a new solution to its Blockchain Analyzer product suite. Big four accounting firm EY has launched a new solution for investigating on-chain data including Bitcoin (BTC) transactions.  The new Explorer and Visualizer solution launched as a part of the EY Blockchain Analyzer product suite. According to an announcement on Sep. 27, the beta version is now available for free for individuals.  EY also said that it will soon make the solution available as a service on its blockchain website. Users will be able to utilize search functionalities along with its visualization technology. It will allow audit teams…

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Triple-Entry Bookkeeping: How Satoshi Nakamoto Solved the Byzantine Generals’ Problem

In 2008, Satoshi Nakamoto essentially solved the infamous computational issue called the “Byzantine generals’ problem” or the “Byzantine Fault.” Throughout the history of man, people used ledgers to record economic transactions and property ownership. A ledger is often referred to as the “principal book,” and entries can be recorded in stone, parchment, wood, metal, and with software as well. Ledgers were used for centuries, but the shared ledger system became really popular in 1538 when the church kept records. In Mesopotamia, which was about 5,000 years ago, scientists discovered Mesopotamians used single-entry accounting ledgers. Much of it was complex and…

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The Need For Trusted Crypto Accounting Solutions, A Goal To Be a Leader in Corporate Governance

This is a sponsored article provided by Verady. Decentralized cloud storage platform Storj Labs is one of the most exciting projects in the blockchain-based technology space. Embodying many of the best qualities of decentralized and new cryptocurrency technologies — including peer-to-peer functionality, open-source development, encryption and blockchain-powered payments — it is designed to make a core function of our digital world faster, cheaper and more secure. But when any cutting-edge project gets to a certain size, it will invariably need to leverage the tools provided by its peers. Following a token sale in 2017, Storj’s financial complexity changed dramatically and…

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