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.
Decentralized platform TriForce Tokens bridges the gap between cryptocurrency and gamers allowing players and developers to earn while doing what they enjoy.
Bitcoin and Ethereum prices are going down while investors and traders are holding their breath in the run-up to the May 7 SEC hearing.
As the debate for the real Bitcoin escalates, billionaire investor Mike Novogratz makes it clear that BTC is the real one and the “digital gold”.
Blockchain-based Columbery gears up for private ICO this May to eventually connect local SMEs with most travelling generation ever.
The new project Luckchemy is attracting interest. This platform can solve the main problems of iGaming by eliminating fraud, creating original games, engaging third parties and offering white label solutions.
When participating in Consensus 2018, ARK will meet and interact with some of the largest players in the sector, showcasing all it has to offer for the industry.
Largest Vietnamese bank, Maritime Bank, joins forces with VeriME to leverage their blockchain based VaaS platform and enhance the bank’s digital services as well as customers’ checkout experience.
The project has created the ecosystem that covers most of the issues Decentralized Autonomous Corporations face: implementation of blockchain for business, integration with clients networks, reliable on-chain and off-chain data transfer, etc.
ICO tokens are perspective investments especially when you’ve decided to put up money into the projects like Bank4YOU that really have the potential to scale up and give you enormous returns.
Forex is the largest financial market in the world. It offers liquidity and flexibility for traders, since it’s open 24/7 worldwide.
Two recent market reports on the augmented virtual reality (AVR) space have depicted very different realities for the near-term prospects of deploying AVR in our daily and work lives.
The top-three cryptocurrencies by market cap have made significant gains over the last one month and are further gearing to higher valuations.
The issuance of micro-bonds using the blockchain technology will facilitate higher community participation at reduced operational costs and greater transparency.
After extremely successful presale round, Telegram decided to cancel its ICO. Its digital coins won’t be available for public sale.
Being a fully automated cryptocurrency trading platform OpenBlock aims to incorporate benefits of Artificial Intellect and OBI into the development of a better blockchain environment for everyone.