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Breaking Down Smart Contracts

When talking about blockchain technology, there are a few buzz terms that seem to be imperative. What is one we hear again and again? Smart contracts.

Sacramento Kings' Technology Team Mines Ether in Its Basketball Stadium

Source: ZDNet

The group of technologists behind the NBA's Sacramento Kings mines ether at the Golden 1 Center arena where the basketball team plays. The team said that it uses profits from the mining operation to provide funding for the local community and it invites local students to see the rigs. The team also claims that the arena is the first sporting venue to accept bitcoin.

UC Berkeley Launches Blockchain Accelerator, Offers $200,000 in Funding

Source: Berkeley.edu

The University of California, Berkeley has launched the "Berkeley Blockchain Xcelerator" through the Sutardja Center for Entrepreneurship & Technology (SCET), Berkeley Engineering. Applications are due on February 28 and selected teams are said to receive $200,000 in funding, SCET training and mentorship from blockchain and startup advisors.

IBM Launches Blockchain-Based Drought Project for California

Source: IBM

IBM has partnered with nonprofit The Freshwater Trust and tech provider SweetSense Inc. to leverage blockchain technology and IoT sensors to transparently measure groundwater use in California's Sacramento San Joaquin River Delta. IBM's blockchain will record water use data and consumers will be able to monitor it. This may demonstrate to consumers how pumping levels can remain sustainable if those who go beyond their groundwater use shares have to purchase additional shares from those who do not require all of their allocated supply.

For the Third Time, Ethereum Sets Deadline for Constantinople, Targets February 25

Source: AMBCrypto

According to a recent report, Ethereum's hard fork coordinator announced that Constantinople will activate on February 25. The hard fork has been postponed twice already.