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.
Ok, you’ve got a stash of crypto but spending it is proving to be a hassle.
Using the blockchain technology, IPSX wants to provide an open and free marketplace to let users make money by sharing unused IPs from all over the globe.
UHIVE is the first app that aims to change the social networking experience by combining both centralized and decentralized worlds within one platform.
Following a largely successful crowdsale, CoinMetro is now welcoming users to take part in its airdrop campaign to receive future benefits for many years to come.
Claimed to become Amazon for the solar industry, the platform will allow users to purchase renewable products worldwide and earn money for consuming green energy.
Combining the benefits of decentralization and the power of its native BEX token, the exchange wants to change the sharing economics by delivering revenue to its shareholders from its daily trade income.
The Dutch knowledge and innovation centre ElaadNL has recently released the world’s first autonomously operating IOTA charging station.
For those who like planning foreign trips on their own Smart Trip platform will be an ideal solution: it combines all travelers need in one place.
Zilla is the first multi-lingual decentralized ICO platform that is set to eliminate difficulties currently faced by investors and projects during crowdsale campaigns.
Ether Capital has managed to raise $45 million Canadian majority of which will be invested in buying Ether over the course of next four weeks.
In anticipation of Bitcoin Cash hard fork traders are actively purchasing this altcoin. BCH price is growing and has recently exceeded $1,000.
Randal Koene, a Dutch neuroscientist and neuroengineer, talked to Coinspeaker about Eternal Trusts, the world’s first blockchain project that promises to turn your dreams into reality.
Bithumb, South Korea’s leading cryptocurrency exchange, is planning to issue its own Bithumb Coin. The new tokens will target foreign countries, focusing on large-scale investors.
Ether was trading above the key support at $524 Thursday. There was an attempt to break the bullish trend and go down, but eventually the ascending channel borders did not change.
Crypto markets post a good recovery, headed by altcoins, as the overall market valuations move above $365 billion.