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.
Here is a quick synopsis on the recent penetration of the blockchain technology, the future roadmap, and expert views regarding the blockchain.
The report goes to mention that unlike cryptocurrencies, CBDC’s could ensure financial stability and be used for exchange instead of just mere speculation.
Huge success of the product launch and loan facility allowed trading platform EXMO reverse its plans for public TGE and fund platform’s development internally.
ImmVRse offers a revolutionary platform for those looking to enter the new and compelling world of VR, allowing brands to hire content creators quickly and easily.
More than half a million traders have already pre-registered to join DX.Exchange platform that is said to start opening accounts later this month.
Tether has issued another 250 million of its eponymous tokens and has become one of the world’s 10 largest cryptocurrencies.
China is continuing its way of crypto development. A digital currency research lab set up by the People’s Bank of China has submitted 41 patent applications, which means the world’s second-largest economy is planning a more prominent role in the cryptocurrency ecosystem.
The Overwinter upgrade brings a range of interesting new features to the ZEC protocol and sets the foundation for the upcoming Sapling hard fork, scheduled ahead this year.
Under the revised policy, cryptocurrency companies will have to fill a request sheet specifying the type of service and products they want to advertise.
One of Japan’s largest blockchain conferences, Japan Blockchain Conference, starts today engaging the top blockchain world’s celebrities as guest speakers.
During the Bahamas Blockchain and Cryptocurrency Conference, the country’s Deputy Prime Minister revealed the intention of central bank to launch its own digital currency.
ValPromise believes that blockchain can fully tap the potential of index insurance, futures and options markets. Its first project – Tianqibao, which provides weather risk hedging and insurance services – has already gained popularity.
Postponing its ICO in the wake of recently imposed restrictions, GoldMint now considers the possibility of selling 8.2 million MNTP tokens while using its pawnshops-related business model as a leverage for investors.
Blockchain-based startup O2OPay discovers a new and exciting way of looking at data turning offline user behaviors into spendable rewards. ICO live.
Ivo Georgiev, CEO and founder of AdEx, blockchain-based ad exchange designed to provide secure, transparent and beneficial solution for all the parties involved, explains the idea behind the project, tells about the main caveats of building a distributed ad marketplace, and shares his insights into the online advertising landscape.