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.
TRON mainnet has successfully gone live but achieving its independence from the parent Ethereum blockchain is still in progress.
Many of the community members have raised concerns about the centralization of the Bitcoin network that would further result in major attacks.
The new a16z crypto fund will be focused towards investing in cryptocurrency projects and companies with a long-term goal spanning to over a decade.
Bitcoin is predicted to reach new heights until the end of 2018 given the emergence of cryptocurrency ETFs and the growth of institutional investment.
Aeron collaborates with Aerotrips.com to integrated its native ARN token as a payment instrument on a famous online portal and aggregator for aviation.
Billionaire Jack Ma believes that blockchain can revolutionize the world and moves from words to action: the affiliate of his Alibaba Group Holding has announced the new remittance service that will be free from transaction fees during the three month trial period.
Seeking to expand leveraged trading, B2Broker has pioneered the industry as the official provider of cryptocurrency liquidity for brokers, crypto exchanges, hedge funds and institutional clients.
R.A.R.E. Network and LEXIT are among the first blockchain-based solutions, seeking to facilitate a decentralized, rapid, and transparent ecosystem for intellectual property rights management.
#Metahash Network, next-generation solution for sharing digital assets, creating and managing decentralized apps and services, aims to become a forerunner for quickest transactions, extremely low confirmation times and almost-zero transaction fees.
EOS is named the cryptocurrency No.1 according to a recently released ranking from China. Ethereum ranks 2nd, though earlier it was the leader.
Kelly believes that the current developments in the cryptocurrency market might give a short-term pain but will prove to be fruitful in the long-run.
This blockchain-based platform will provide an accurate and real-time calculation of each participant’s royalty position along with enhanced visibility to the transactions versus the legacy process.
![Weekly Blockchain Industry Report [June 16-22, 2018]](https://www.coinspeaker.com/wp-content/uploads/2018/06/weekly-blockchain-report-june-2018.jpg)
Check out the report created by OK Blockchain Capital covering main trends of blockchain industry over June 16-22, 2018, with strong focus placed on the market overview, analysis of the newly listed and closed public sales projects, along with topical news on global governmental policies.
Following the examples of its main rivals, Bitcoin mining chip maker Ebang Communication intends to go public and offer its stock on the HKEX.
Silbert believes in investors’ committement to the digital currency market, as an increasing number of investors are attempting to enter the game despite ongoing bear cycle.