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Author Topic: [2016-09-09] Bank of England Seeks to Accelerate Blockchain Work  (Read 155 times)
foserfox
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September 09, 2016, 05:21:06 AM
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The UK's newly opened FinTech accelerator is seeking additional ways to explore blockchain tech.

Speaking during an event in London this week, the chief cashier of the Bank of England, Victoria Cleland, discussed the central bank's efforts involving financial technology, including the founding of a startup accelerator focused on financial applications.

It's here that the Bank of England is seeking to study concepts such as distributed ledger-based digital currency, but the organization is already looking to move beyond its currently disclosed projects.

http://www.coindesk.com/bank-of-england-fintech-accelerator-eyeing-more-blockchain-projects/

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There are several different types of Bitcoin clients. Server-assisted clients like blockchain.info rely on centralized servers to do their network verification for them. Although the server can't steal the client's bitcoins directly, it can easily execute double-spending-style attacks against the client.
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September 09, 2016, 02:34:35 PM
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It is nice to see that England is moving towards digital currency, but I do not see them adopting bitcoins. They like their own privacy.

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