For the average millennial or at least anyone that pays attention to the business world, the term “cryptocurrency” would not seem like such a strange word. If that is, then the terms Bitcoin, Ethereum or at least Blockchain should ring a bell. One might wonder, why are these terms suddenly so prevalent, especially cryptocurrency news? Computing is getting rather pervasive and the society is leaning towards digital services. The finance world too isn’t spared as the disruption of technology into this sector has fostered the birth and development of Fintech organizations.
These Fintech organizations look to digitize payments and transactions, offering the same services that are currently in existence but in a better, efficient and more effective way.
Blockchain is the network upon which most of these cryptocurrencies operate on. The history of blockchain and bitcoin, in particular, does not have a definite story. In 2009, an individual or group of individuals known to be “Satoshi Nakomoto” developed and published the technology to allow people make digital payments between themselves anonymously without having an external party to verify or authorize the transfer of the currency being exchanged.
Although technologies like this might seem rather complex, understanding how Blockchain works is quite easy, given that one has a basic idea of how networks work. Blockchain is simply a database shared between several users, containing confirmed and secured entries. It is a network, where each entry has a connection to its previous entry.
This technology affords a very secure model whereby every record in the database cannot be tampered with. Apart from the stellar security that this network offers, the transparency and speed at which the network operates give it an edge over the conventional way of conducting transactions.
In simple terms, cryptocurrencies are just monies in digital form, transacted via digital means and over a digital network. The transfer of these currencies is utilized with cryptography and the aforementioned blockchain network. Up until the 2010s, cryptocurrencies were not really known until Bitcoin made its breakout and this gave rise to the birth of new cryptocurrencies.
Cryptocurrencies have had their fair share of bullish and bearish trends, going to show how unstable they can be. The latest cryptocurrency news reports lots of people predicting prices for various cryptocurrencies in the years to come but no-one can say for sure.
Blockchain, on the other hand, is making its way into pervasive computing, especially IoT, giving way for the development of new solutions that embrace data security and transparency.
The world’s first Free-to-Play crypto mining game Ether Kingdoms has finished its beta-testing and opens up new horizons for future development.
Hong Kong-based Sparkdex launches the world’s first decentralized cryptocurrency exchange aiming to solve the issues of wallet security and trust.
A group of Colombian largest emerald producers will revolutionize the gem-industry with its innovative blockchain-based platform GEMERA.
Samsung SDS Co. has presented its blockchain-based platform called BankSign that will facilitate transactions at different banks.
Lee opens up about the future of digital currencies stating that the price will reflect the success of the cryptocurrency in addition to other factors like market adoption, scalability, etc.
A new platform TravelBlock is a pioneering user of blockchain in the travel industry. TravelBlock aims to leverage the technology to directly connect travelers to providers within their holiday booking platform.
Aiming to become a leader in transforming the digital entertainment ecosystem, the new Apollon Platform enables cross-chain interaction technology to allow for different blockchains’ inter- connection and communication. ICO live.
While a number of blockchain-based projects struggle to remain truly decentralized, Metaverse places strong focus on avoiding any form of mining centralization and unnecessary interference with the network following the core principle of blockchain tech.
Another cryptocurrency investment platform has been hacked. This time a popular Brazilian platform known as Atlas has become a victim of hackers.
Stem Cell Project has engaged a large network of skilled and experienced doctors, scientists, researchers, blockchain and AI experts, who join efforts to give everyone a ticket to the world of regenerative medicine.
Super Crypto mining, a subsidiary of DPW Holdings, will establish a Bitcoin mining farm at the site of the dam near the Valatie falls, New York, for using the hydroelectricity generated from the dam itself.
Former NEX employees give a sneak peek into how Project Infinity resulted into several casualties but has been saved from going into oblivion.
The Reserve Bank of India has discreetly formed a new unit devoted to research future regulatory frameworks for blockchain, cryptocurrencies and other technologies.
Сryptographer and PhD in Information Security Dr. Pavel Kravchenko brings valid arguments explaining why we should’t agree with prominent industry influencer’s vision of blockchain technology.
There is a strong possibility that price might go up this week by making a break out towards the North, but confirmation needed to long.