Can Google’s New Quantum Computer Hack Bitcoin?

Can Google's New Quantum Computer Hack Bitcoin?


Image Sourced from Pixabay

By Bruce Ng

Ever since Bitcoin was created, the perennial question, asked by skeptics and advocates alike, could be condensed into four simple words:

Can Bitcoin be hacked?

The perennial answer: No, unless, that is, someone, someday achieves a stunning, world-changing breakthrough, creating a computer that’s far faster than any supercomputer in existence today. Nearly everyone agreed that was an extremely remote possibility. But now, some folks fear that day may be closer than expected.

The reason: Google claims to have built a quantum computer.

It’s a computer that’s no longer constrained to just 1s or 0s. Instead, it has bits that exist in multiple states at once, called quantum bits or qubits. It’s a computer that, in theory, could be one billion times faster than today’s fastest computers … that could run 10,000 years of supercomputer calculations in a meager 200 seconds. It’s a technology that, in theory, might ultimately do things which otherwise take millions of years.

In theory.

So, can Google’s (NASDAQ: GOOG) quantum computer hack Bitcoin? No, not even close!

Google’s breakthrough, no matter how noteworthy, is still very new, very experimental and light-years away from the capabilities needed to hack Bitcoin. Here’s why …

First, Google’s quantum computer merely generates random numbers, like tossing a coin repeatedly. It has no immediate practical applications.

Second, it has only 53 qubits. To crack Bitcoin cryptography, it would need at least 1,500.

Third, it’s not just a matter of quantity. To evolve from 53 to 1,500 qubits will be extremely difficult and will take many years.

Fourth, qubits are highly sensitive. They require supercooled temperatures to operate. They must be stored in enclosed vaults protected from stray dust, vibrations and contaminants. Building a 1,500-qubit quantum computer would be a monstrous undertaking.

“But suppose,” say Bitcoin fearmongers, “that some secret government agency develops a super-quantum computer decades ahead of Google’s. And suppose that computer achieves the 1,500-qubit power that could hack Bitcoin. Then what do we do?”

Our answer: Given the structure of the global tech community today, it’s extremely unlikely any such project exists.

But even if it did, there are several likely scenarios in which the Bitcoin community — and even Bitcoin users themselves — could protect themselves against any quantum-computer attack.

Today, I’ll tell you about two …

Scenario 1

Quantum-Resistant Passwords

An important cryptography mechanism that Bitcoin currently uses is the private key; and it’s the private key that would be the primary attack point for any future quantum computer.

The private key performs a function akin to that of password: Every time you use a Bitcoin wallet or send funds from a Bitcoin address, you deploy your private key, associated with a Bitcoin address that looks something like this:

14EbGbR5rfPgtvs5NQXXH3cgKAGxmKxweW

When you send Bitcoin, the addresses specify the “from” and the “to” of your transmission.

But the current address system is not written in stone.

It CAN be upgraded to a quantum-resistant address system. And to make that happen in a timely manner, Bitcoin enjoys one of the largest community of developers in the world.

Scenario 2

>Users Themselves Take Protective Steps

To better understand how would work, let’s look at traditional banking.

You have a bank account with a balance of $20,000. You’re afraid that, when you make your first wire transfer, some bank employees will gain access to the numbers he needs to move your money to his own personal account.

What could you do to protect yourself?

Simple: As soon as you make your first transfer, immediately withdraw all the remaining funds in your account and move it to a new account or to another bank.

That’s similar to what you could do to protect yourself against any future quantum attack on your Bitcoin address.

When you send Bitcoin to someone, your address doesn’t appear on the Bitcoin ledger until you make your first transaction from that address. No one – including quantum attackers — will ever see your address until AFTER first transaction.

So all you have to do is this: As soon as you make your first transaction, simply move your remaining Bitcoin balance to a new address, which is easy to create. Since your new address has never before been used to send Bitcoin, there’s no way anyone, regardless of computer power, can see it — let alone hack it.

Could a quantum attacker see and hack the address in the few minutes between the moment you send the Bitcoin and the moment it’s received on the other end?

Hah! To do so in such a short period of time would require quantum computing that’s so far away in the future, even the few seconds it takes me to write this paragraph is kind of a waste of time.

But I decided to write it for a reason.

For all those folks who also worry about the destiny of our sun, which will burn out a billion years from now … or the destiny of our universe which will expand to the point of a Big Chill.

Let’s worry about such doomsday events some other day.

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Article written by Bruce Ng of Yahoo Finance, and posted on the Finance.Yahoo.com site.

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European Investment Fund Unveils 400M Blockchain AI Initiative

European Investment Fund Unveils €400M Blockchain, AI Initiative


Image courtesy of CoinTelegraph

                                                                                        NOV 22, 2019

The European Commission and European Investment Fund (EIF) has launched a new investment scheme for artificial intelligence (AI) and blockchain in Europe, the organization announced in a Nov. 20 blog post. The announcement reads:

“With the European Commission, we are launching a dedicated investment scheme that will make EUR 100m available to venture capital funds or other investors that support AI and blockchain-based products and services. Because these are cornerstone investments, we expect a total of EUR 300m to be generated for AI and blockchain from other private investors ‘crowding in.’”

The project will focus on development and growth beyond the research and proof of concept stage.

Investment focused on research, not development

Western Europe is expected to spend $674 million on blockchain technology in 2019, making it the second highest-spending region in the world. This would put it behind the United States ($1.1 billion), but ahead of China ($319 million), according to the data.

However, much of this is directed towards research and proof-of-concept stages, with little going to further development and growth. The organization notes:

“The blockchain and AI ‘financing gap’ in Europe presents an opportunity for the EIF to support these new technologies through its existing and future venture capital networks.”

New fund to keep technologies in Europe

Few closed venture capital funds invest in the blockchain space in Europe, meaning that ultimately, many entrepreneurs receive U.S. financing. This often leads to the opportunities and economic growth associated with these technologies leaving the region.

Starting from 2020, the scheme will make €100 million available to support AI and blockchain-based products and services. This is expected to attract a further €300 million from private investors.

Co-investments with national promotional banks should increase the available capital further still.

As Cointelegraph reported earlier this month, the European Central Bank is reportedly considering issuing a digital Eurocoin.

Original article posted on the CoinTelegraph.com site, by Jack Martin.

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Bitstop To Install Bitcoin ATMs At Simon-operated Malls

Bitstop To Install Bitcoin ATMs At Simon-operated Malls

By RTTNews Staff Writer | Published: 11/29/2019 9:08 AM ET

Miami-based Bitcoin ATM operator Bitstop is in deal with Simon Malls, the largest shopping mall operator in the U.S., to install Bitcoin ATMs across the U.S. at Simon Mall locations. The installations come in time as holiday season is on.

Bitstop, a licensed and regulated company, has already installed five Bitcoin ATMs recently at Simon operated malls in California, Florida and Georgia. They are Carlsbad Premium Outlets, Miami International Mall, Sawgrass Mills, The Avenues and Mall of Georgia.

In October, Bitstop had installed the Miami International Airport first Bitcoin ATM. It is the third-busiest airport in the U.S., in terms of international passenger traffic, and will help customers conveniently exchange their dollars for Bitcoin and vice versa while on domestic or international travel.

Bitstop said it has a total Bitcoin ATM count of more than 130 machines across the U.S. and is on track to expand the Bitstop network to more than 500 Bitcoin ATM installations by the end of 2020.

Automated kiosks for buying bitcoin are becoming increasingly popular in the U.S. More than half of the world's Bitcoin ATMs are installed in the United States.

There are a total of 3963 Bitcoin ATMs currently installed in United States out of a total of 6055 Bitcoin ATMs globally, according to data from Coin ATM Radar. The total count is expected to reach 10,000 by the end of 2020, with the recent average daily installation rate of more than 10 machines.

In July, Bitcoin ATM operator LibertyX had entered into a deal with traditional ATM operator Desert ATM to convert cash-dispensing ATM machines into those dispensing cryptocurrencies as well. LibertyX will load its software on 90 Desert ATMs, specifically the ones manufactured by Genmega, in Arizona and Nevada.

For comments and feedback contact: editorial@rttnews.com

Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

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Mom’s Buying You Bitcoin For Christmas Is It A New Bullish Trend?

Mom’s Buying You Bitcoin For Christmas – Is It A New Bullish Trend?

When your mom says she wants to buy you some bitcoin for Christmas does it mean there could be something stirring in the crypto marketplace, in a good way?

After all, this year’s Thanksgiving bitcoin bounce has lent weight to the thesis that the holiday season can act as a price pump, assuming sentiment going into the festive season is already somewhat conducive.

The theory goes that the young evangelists in the family will start to explain what crypto is about for curious family members, a conversation that ends with the clincher – so how do I buy this sucker?

The mother of reddit user Devil_Hand spilt the beans on her bitcoin present plans when she discovered that she didn’t have the faintest idea of how to go about getting hold of the premier virtual currency.

She was forced to message her son: “I’m trying to buy bitcoin for Christmas what is a wallet????”

That’s often one of the first things a newbie will be perplexed by. How can a virtual currency have a wallet?

Her son was forgiving. “Oh bless ????????????I’ll talk about it later today x” came the reply.

See the conversation below and the reddit post here.

Now we know about scanning Google Trends for a bump in searches for “buy bitcoin” as a leading indicator metric for upward price movements, but discerning what the moms of America and mums of the UK might be buying their offspring from the crypto store is a new one.

It begs a number of serious questions.

First, is this indicative of a trend? Is your mother a super-cool ‘Crypto Mom’ that thinks out of the box to buy you what you really really want, à la Spice Girls?

Who knows, but leave a comment below if you know of any cool parents who are lining up a surprise crypto surprise for Alice or Bob.

After all these years, bitcoin still not user-centric

The perhaps more serious thing to consider is what this says about the state of the industry after 10 years of trying to fix ease of use – user-unfriendliness is still a thing, a big thing.

Those on the inside looking out can get a little blase about onboarding as the infrastructure know-how can be so easily taken for granted.

It can be too easily assumed that the amount of bitcoin you have is associated with an 34 character alphanumeric string known as an address and that this address (or public key) or addresses is/are the wallet and to secure it you have another alphanumeric string of characters known as the private key, which are the substantive elements of public-key cryptography and that these addresses exist on the blockchain which is sometimes called a ledger but is in essence a decentralised database where transactions are immutably recorded. Phew.

And in the event of loss of keys, you need to recover said keys with your “seed” and if you lose the seed your bitcoin is gone forever, although you can “see it” on the blockchain.

You can appreciate that mom might be scratching her head and this point, as too would dad no doubt.

For mere mortals then, that is all adds up to one one big barrier to entry.

And despite the apparent ease-of-use of Coinbase (high fees aside), for example, or of today’s self-custody wallet applications, the industry has still not really solved ease-of-use in the way that setting up and sending email has been solved; or in the way that sending and receiving digital fiat money using say Apple Pay has made transactions almost analogous to sending a photo or text message.

As we know Facebook with its arms-length Libra Association has a plan to fix crypto’s “complexity” problem, but many would argue it’s not really crypto – and besides, governments and regulators have other ideas about what Libra can or cannot be. And anyway, who wants Facebook messing with their finances no matter how easy and cheap its crypto might be to use.

It’s ultimately just tech and some bright spark will solve crypto’s complexity problem

The animated discussion on Reddit has some claiming that this is precisely why bitcoin will never replace cash.

At any rate that’s what scramboney thinks:

“Crypto will never replace cash. Industries will adapt to use crypto technology for other things but it will never become a currency, the barrier to entry is absolutely massive to become a currency in countries where the currency is worth anything.”

…while others say there is no a priori reason why the ease-of-use problem cannot be solved, and once that theoretical work has been done, the practical execution will follow.

Here’s Houdinii1984‘s thoughts: “This was the exact mentality of the personal computer ending up in homes. It’ll never happen, it’s too complicated. The barrier to entry is too damn high, etc. And it’s true. Not a lot of people had IBM PCs in their homes because they cost as much as a decent used car and didn’t have a high use case for the average user. Oh, but look at us now. If you’re not connected, you're an outsider nowadays.”

Baby steps in mom’s buy bitcoin journey

In the meantime Devil_Hand will have to take his mother by the hand and walk her through how to buy bitcoin, which kind of takes the joy out of receiving it.

And what’s there to unwrap come Christmas Day? Maybe mom could buy an HTC Exodus 1 blockchain-powered smartphone with its onboard hardware wallet and preload it with bitcoin?

But taking that route would require you to spend another couple of days or more explaining and demonstrating what a hardware wallet is and how to use it.

Assuming Devil_Hand onboards his mother ok, bitcoin could be presenting a nice entry point or alternatively mom could wait until nearer Christmas for a bottom – but if you are in for the long-term the timing doesn’t really matter.

Go for it moms of the world – you have nothing to lose but your wallets.

Original article posted on the EthereumWorldNews.com site, by Gary McFarlane.

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Bitcoin Price Set to Reclaim 8K But a Rising Wedge Is Worrying Bulls

Bitcoin Price Set to Reclaim $8K But a Rising Wedge Is Worrying Bulls


Image courtesy of CoinTelegraph

Bitcoin price (BTC) is taking a bit of a breather after breaking flipping the $7,600 resistance to support during the morning trading hours of Nov 29.

While the current technical setup is exciting, bulls will need to supply significant enough volume for the price to break to the upside of the rising channel, above the $7,800 resistance and the 61.8% Fibonacci retracement level.


Crypto market daily performance. Source: Coin360

Buyers stepped in on Friday morning, pushing Bitcoin price from $7,430 to $7,880 before pulling back to $7,750. Currently, Bitcoin trades in a rising wedge and the price remains capped below the resistance at $7,800.

Today’s upside move brought the price above the midpoint of the long term descending channel and the moving average convergence divergence (MACD) on the daily and 6-hour time frame suggests that additional upside is in store.

At the time of publishing the MACD line is crossing above the signal line and the histogram has flipped from negative to positive. Since the move to $7,400, many traders have set their short term targets at $8,000 to $8,100


BTC USD weekly chart. Source: TradingView

On the weekly timeframe, the volume profile visible range (VPVR) and previous price action history show that $7,800 to $8,200 zone will be difficult to overcome but a positive note is that the MACD histogram appears to be in the early stages of an uptrend as selling pressure lessens.

The weekly relative strength index (RSI) has also sharply reversed course and now aims for 46. Another positive sign is that Bitcoin’s price has recovered back above the 100-week moving average.

As mentioned earlier, Bitcoin price has already recovered to the descending channel midpoint and traders who opened positions at $6,540 will look for Bitcoin price to reach $8,000 before taking partial profits and leaving the remainder in play with the hope that the digital asset will set a weekly higher high at $8,550.

Bullish scenario


BTC USD 6-hour chart. Source: TradingView

It appears that Bitcoin has flipped the $7,600 resistance to support and over the short-term as price consolidates Bitcoin could pull back to the bottom trendline of the descending wedge at $7,658. This point also lines up with the descending channel midpoint and a high volume node on the VPVR.

On the 6-hour timeframe, the Stochastic RSI and relative strength index (RSI) look ready to roll over but a bounce off the $7,600 support could set Bitcoin price above the $7,800 resistance and toward the main trendline of the rising wedge. Meanwhile, the VPVR shows minimal overhead resistance of $8,069. This $8,069 level lines up with the main trendline of the rising wedge and also the 61.8% Fibonacci retracement level.

If bulls interpret a cross above the 61.8% Fibonacci retracement level as a bullish signal, a high volume breakout could push Bitcoin price above the 200-day moving average (DMA) to $8,700 which is quite near the main trendline of the long-term descending channel.

Such an occurrence would be very bullish for Bitcoin and likely lead analysts and crypto Twitter to call for a sky-high pre-halving bull run price estimates again.

Bearish scenario

Rising wedges patterns can lead to price reversals. They are marked by the loss of momentum as the asset’s price rises to higher highs but with shorter candles and a decline in trading volume as the price contracts within the triangle. As the Stochastic RSI and 6-hour RSI rollover, selling pressure at the $7,800 resistance and profit-taking at $8,000 (the 61.8% Fib retracement) could all be signals that the pattern will break to the downside.

It will take a high volume spike from bulls to break out of the rising wedge and above the overhead resistances mentioned above. If Bitcoin price does reverse below the rising wedge, the price could find support at $7,500 and $7,178.

The views and opinions expressed here are solely those of the author (@HorusHughes) and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Original article posted on the CoinTelegraph.com site, by Horus Hughes.

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IBM Files a Blockchain Patent for Fighting Package Theft by Drone

IBM Files a Blockchain Patent for Fighting Package Theft by Drone


Image courtesy of CoinTelegraph

IBM has filed for a patent of a system that uses blockchain technology to prevent drone-enabled package theft.

According to a filing published by the United States Patent and Trademark Office (USPTO) on Nov. 12, IBM will track drone altitude using an Internet of Things (IoT) altimeter, while continuously uploading that data to a blockchain secure platform.

Drones might be a thief’s perfect tool

It might become ordinary for drones to be used for stealing packages in the future. The idea is that packages will be outfitted with an altitude sensor that is set to trigger an alarm if a significant altitude change is measured outside of the preset criteria. Once the alarm is triggered, the GPS-enabled IoT device will transmit its exact location data to a tracking module. It’s like giving your Amazon packages a way to call SOS when something goes wrong en route to your house.

IBM’s patent describes unattended delivery of packages that can leave items vulnerable to theft and other destructive behaviors after the package is delivered and before it is received. The patent goes on:

“The confluence of the increase in drone use and the increase in online shopping provides a situation in which a drone may be used with nefarious intent to anonymously take a package that is left on a doorstep after delivery.”

Blockchain patent to tackle drone privacy and security concerns

IBM filed a related patent in September for a system that would use blockchain technology to tackle privacy and security concerns regarding unmanned aerial vehicles, more commonly known as drones. The filing suggested that blockchain can provide effective techniques for managing data related to drones, particularly when a security risk level is considered to be relatively high.

Original article posted on the CoinTelegraph.com site, by Joeri Cant.

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Bookingscom Partners Travalacom For Payments In Cryptos

Bookings.com Partners Travala.com For Payments In Cryptos

By RTTNews Staff Writer | Published: 11/26/2019 9:51 AM ET

Online travel agency Booking.com entered into a deal with U.K.-based crypto-friendly travel booking platform Travala.com to enable payments in cryptocurriencies such as Bitcoin for its customers in addition to traditional payment methods.

Travala.com is offering over 2 million accommodation listings globally to bring cryptocurrency adoption to the masses. It has already integrated Booking.com's accommodation listings to its platform, which is now live in more than 230 countries and 90,000 destinations worldwide.

Travala.com is already providing the option to make payments on their site using more than 20 cryptocurrencies, including their own native AVA token, and also a stablecoin. They also accept payments in Fiat and through Paypal.

The cryptocurrencies currently acceptable for payments include Travala (AVA), Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Stellar Lumens (XLM), Binance (BNB), EOS (EOS), NEO and stablecoin TrueUSD (TUSD).

Travala.com offers users a consumer-based application of blockchain technology to provide a better-optimized booking platform and an equitable pricing model for consumers and hotel partners alike. Travala utilizes the NEO Blockchain.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

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Bitcoin at 6600: What Are Analysts Thinking as BTC Trades at Lowest Price Since May?

Bitcoin at $6,600: What Are Analysts Thinking as BTC Trades at Lowest Price Since May?

Once again, bears have managed to wrest control of the crypto market from bulls, plunging Bitcoin (BTC) to $6,600 earlier today. This comes after Bitcoin bulls were afforded a glimmer of hope as the cryptocurrency jumped 8% from the Friday low of $7,400.

With the leading digital asset now trading at its lowest price point since May of this year — and is trading down some 6% in the past 24 hours — what are analysts thinking? Do they even think that Bitcoin’s long-term, secular uptrend remains intact after this brutal downturn?

Bitcoin to Find Support… Soon

While the consensus on the exact support level isn’t clear, many analysts agree that the leading cryptocurrency is approaching a very key price zone that may “make or break” Bitcoin’s medium-term prospects of upside.

As analyst Byzantine General recently pointed out in a recent tweet, this zone/level is the 21-month simple moving average, which sits in the mid-$6,000s at current. This has been the point at which BTC has bounced in two previous bull market retracements. Of course, the sample size of bull markets is small, though the chart below shows that the 21-month moving average has been a significant level for BTC to hold above.

The 21-month moving average somewhat lines up with the most important price point in 2018: $6,000, which is where BTC traded at throughout much of the price action last year, and thus acts as a so-called Point of Control in technical analysis terms.

Some analysts believe that if the cryptocurrency can hold above $6,000 in the coming weeks and months, a bullish technical trend should begin to form, catalyzing the next leg of the bull run higher, which should be aided by fundamental events like the introduction of institutional players and the block reward reduction, slated to act as a negative supply shock for this market.

Watch $5,000

While $6,000 is likely to hold, where’s the next level to watch if things go south… real south? $5,000, according to a number of analyses anyway.

An analyst going by Mac remarked that $5,100 will be the ultimate bottom of this recent downtrend because there exists a key confluence of support levels at that level: the double-month volume-weighted average price, a “price inefficiency fill” level, and the 200-week moving average.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

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BNY Mellon Joins DLT-based Trade Finance Network Marco Polo

BNY Mellon Joins DLT-based Trade Finance Network Marco Polo

By RTTNews Staff Writer | Published: 11/27/2019 9:46 AM ET

Bank of New York Mellon or BNY Mellon joined the Marco Polo trade finance network to use the platform's distributed ledger technology (DLT) to conduct an evaluation program for developing improved international trade finance solutions for its customers.

The U.S.-based bank intends to transform its essential trade finance processes to make them more efficient and secure. It will look to replace the costly and inefficient paper-based systems to conduct trade with the blockchain-powered trade financing platform Marco Polo.

The addition of BNY Mellon will expand Marco Polo's presence in the U.S., while it continues to have a strong presence in Europe, Asia and the Middle East.

The Marco Polo Network offers its members access to risk mitigations solutions such as receivables discounting, payment commitment and payables finance programs.

The network connects banks, corporates and third party service providers, powered by enterprise software firm R3's Corda blockchain platform and the distributed trade finance platform from Irish technology firm TradeIX.

BNY Mellon joins other global banks and financial institutions on the network including Bank of America, ING, BNP Paribas, NatWest, Standard Chartered Bank, Natixis, National Australia Bank and Commerzbank.

Launched in 2017, Marco Polo is a bank focused network of platforms offering ERP-embedded trade and working capital finance applications to their corporate clients. It is powered by open Application Programming Interfaces (APIs) and Corda blockchain technology.

For comments and feedback contact: editorial@rttnews.com

Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

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F1 Delta Time Blockchain Game To Auction 10 Official F1 Team Cars

F1 Delta Time Blockchain Game To Auction 10 Official F1 Team Cars

By RTTNews Staff Writer | Published: 11/25/2019 9:46 AM ET

Blockchain-based game F1 Delta Time is conducting the first ever auction of the ten digital official Formula 1 or F1 team cars, with the cars being represented by F1 non-fungible tokens or NFTs.

NFTs for all the ten official F1 team cars will go on auction at the same time on November 28, which is called the Pole Position Auction.

NFTs are pieces of tokenized content that are verifiably unique, with the authenticity, rarity, scarcity, and other properties of NFTs independently guaranteed, verified, and secured on blockchain.

Each NFT will be wholly owned by a player, with that player having the ultimate permission to use, trade or sell it. They can sell it for real money, collect them, or use them in F1 Delta Time when the racing component of the game launches.

The auctions will be held in descending Dutch format, with a starting price of 30 ether (ETH). The performance indices of the ten F1 team cars are similar and will be disclosed next week.

The ten F1 team cars involved in the auction are Mercedes AMG W10, Ferrari SF90, Red Bull Racing RB15, McLaren MCL34, Renault R.S. 19, Racing Point RP19, Toro Rosso STR14, Alfa Romeo Racing C38, Haas VF-19 and Williams FW42.

Meanwhile, F1 Delta Time is currently conducting Pole Position Contest running from now until November 27, which will enable the fans to predict the order of sale in the auction to win ETH and licensed F1 digital car gear collectibles in NFTs.

F1 Delta Time auctioned the first virtual F1 racing car (1-1-1) for 415.9 ETH or $110,600 in May to an unknown user "09E282" after 31 bids. The 1-1-1 digital collectible was the very first official F1 NFT and is the first car to be released for F1 Delta Time for auction.

In late March, blockchain startup Animoca Brands struck a deal with F1 to develop and publish the F1 Delta Time blockchain game based on NFTs. The game is based on the world-famous annual F1 racing series. The NFT collectible component is available now in the first phase, launched in May, and the racing component will be launched in early 2020.

To participate in the auction for the NFTs, one requires a web browser that supports Ethereum wallets, as well as an Ethereum wallet, with bids to be made in ether.

For comments and feedback contact: editorial@rttnews.com

Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

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