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.
Next generation public blockchain Nebulas invites developers from all over the world to engage in creation of continuously improving ecosystem.
The world-first provider of gold-backed cryptoassets, GoldMint platform, will pioneer to integrate a stake-distributed consensus algorithm designed by the Sumus allowing to increase the number of network nodes and streamline transaction rates.
The eToro platform has expanded its offering of trading cryptocurrencies with the recently announced EOS listing, sparking investors’ interest in the newly added digital coin.
The distance between Ethereum Classic and Ethereum is growing. Ethereum Classic team has announced a successful hard fork.
Unified employment records firm WorkChain.io is looking forward to launch its new decentralized app WorkID to revolutionize typical working processes.
Meet Akropolis, a blockchain-based project that aims to create a safer financial future for humanity becoming the largest alternative pensions infrastructure in the world.
Ubex project, a global decentralized exchange of programmatic advertising based on neural networks and smart contracts, aims to create a global advertising ecosystem with a high level of mutual trust and maximum efficiency.
Despite it seems that all odds are against Invacio, its team shows enough power and will to courageously overcome emerging obstacles on the way toward their goal.
Amid beta release of the Trinity wallet, the new wallet client for the IOTA project, IOTA price was seen gaining nearly 20% on Tuesday.
A blockchain startup DataBroker DAO will implement IoT platform to conduct smart-island projects, seeing islands as the perfect playing ground for a solution.
Hi Mutual Society, the largest online crowdfunding platform in Asia, will solve the main issues of insurance industry with the help of blockchain tech.
A new cryptocurrency and blockchain innovator SkyCoin has recently launched its Testnet Service of SkyWire, a new completely decentralized internet.
A decentralized open innovation platform Crowdholding has announce some major updates, providing its users with new opportunities.
The EOS blockchain project was notified about “a series of epic vulnerabilities” just a couple of days before its official launch.
While digital industry is flooded by zillions of new startups aiming to solve more or less real-world problems with blockchain tech, there are three projects definitely worth checking out.