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 AI-based project has collected over 40 million patients’ cases to rule out medical errors in healthcare.
A former US Government regulator and Goldman Sachs partner, Gary Gensiern believes that unlike Bitcoin, the other major altcoins Ethereum (ETH) and Ripple (XRP) should be considered unregistered securities.
Bitcoin Cash price rise together with growing interest towards this altcoin from the side of crypto enthusiasts make BitPay change its decision and add BCH support.
The total number of active nodes on Lightning Network,the most exciting development in the whole blockchain ecosystem, has crossed 2,000, while its total network capacity has passed $150,000.
The overall crypto market valuations have touched $420 billion as Bitcoin Cash and EOS post 10% and 15% gains respectively.
Orchid Labs is developing its own surveillance-free layer atop the internet to insulate users from companies that now sell and harvest their data.
Welcome revolutionist of the blockchain industry – Squeezer Framework -the world’s first platform, which merges blockchain with the power of microservices.
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This measure by the Iranian central bank is to control its falling fiat currency ‘Iranian rial’ by limiting the exposure to foreign currencies.
The Bitcoin mixer BESTMIXER.IO will teach you to mix cryptocurrency correctly and with the maximum anonymity in order to maintain your own data security on the web.
Gamblica is created by gamblers and for gamblers. The online gambling platform has set an ambitious goal: to solve the problem of fraud and increase the industry’s credibility.
While crypto market continues its positive show with Bitcoin Cash as the show-stopper, analysts remain bullish on the future.