Ethereum ETH/USD allows all of the data to be transparent and available to be traced by anyone. The confidential information is saved on the blockchain in an encrypted format, and the keys of decryption can be shared only with authorized individuals.
Microsoft intends to use this transparency to reduce piracy. Let’s dive in.
Transparency of blockchain technology as a catalyst for growth
Blockchain technology was always an appealing option for a lot of corporations and people that wanted a transparent solution that allowed for permanently recorded and traceable transactions.
That being the case, on August 16, Microsoft’s research department released a paper, where researchers from Alibaba as well as Carnegie Mellon University, studied a blockchain-based incentive system that will have anti-piracy campaigns.
This paper is titled “Argus: A Fully Transparent Incentive System for Anti-Piracy Campaigns”.
Its Microsoft’s latest system that relies on the transparency of the blockchain in order to provide a trustless incentive mechanism, all while protecting the data which is collected from the open anonymous population.
Argus enables backtracing of pirated content to the source, with a watermarking algorithm. It’s named Proof-of-Leakage, where each report of leaked content will involve an information-hiding procedure and no one but the informer can report the same watermarked copy without owning it.
In regards to the network fees, the team even optimized cryptographic operations so the cost is reduced to the equivalent of sending 14 ETH-transfer transactions to run on the Ethereum network.
Should you invest in Ethereum (ETH)?
On August 16, Ethereum (ETH) was worth $3,274.
Its all-time high was $4,356, which occurred on May 12. This gives us a perspective of ho far it has grown historically and its future potential. This made it 33% more valuable at that time.
Furthermore, in the last 24 hours, its trading volume increased by 15% while its market cap increased by 4%. Let’s look at July’s performance as a point of comparison.
Its lowest point was on July 20 with a value of $1,724, while its highest value was on July 31, at $2,536. This signaled a climb in value by 47%.
According to data from IntoTheBlock, ETH experienced $72.47 billion in transactions greater than $100,000 in the last 7 days.
Furthermore, in the last 7 days, it saw 7.15 billion in total exchange inflows and 7.94 billion in total exchange outflows.
Based on all of this data, we can expect the price of Ethereum (ETH) to increase to $4,157 by the end of August which makes it a worthwhile investment.
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