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.
BittWatt introduces smart energy management tools to enable green consumer optimize energy choices and embrace more new, clean technologies.
Amazon has been awarded a patent for a “streaming data marketplace,” where information is combined into a dataset to provide real-life identities to the government.
A number of most innovative startups, with Estonia-based eCoinomic.net among the first, to revolutionize lending industry by introducing kind of disrupting fintech solution.
Basis’ Stable Coin is believed to help curb volatility by adjusting the supply depending on the demand while keeping the value of each token around one USD.
For those who are still afraid to join the community of crypto investors, the experts have created an investment match-making platform “Zeta”.
Fair.City is a real treasury found in the world of simulation games that exercises all blockchain perks to provide gamers with fair and transparent gaming environment.
Sources familiar with the matter said that the data analytics firm is also considering using Blockchain technology to secure their online data.
Cryptics presents the world its breakthrough AI-based trading solution, in an attempt to address the growing problem of crypto trading inconsistency.
The new community will bring together current and former Googlers to use all the potential of the talented specialists for the benefit of the blockchain development.
After a successful release of the Bitcoin Pen last year, the Italian luxury pen maker Ancora is pleased to present its next exclusive Ethereum Pen.
Chinese tech giant Huawei is launching its own blockchain service platform named as blockchain-as-a-service (BaaS). The platform is based on Hyperledger Fabric 1.0.
Combining VR and blockchain technologies, UnicornGo is a revolutionary project that will allow users to enjoy uniquely created fairy-tale world inhabited by fantasy unicorns.
Though it was expected that Verge would enhance its position partnering with an adult site, it led to an opposite effect – Verge Price went down.
Releasing its Pilot Log App in Google Play and Apple’s App Store, Blockchain-based startup Aeron has achieved its objective – creation of a decentralized aviation record system focused on flight safety.
The fact-finding inquiry into the practices of crypto exchanges is intended to ensure all mandatory procedures of registration are being followed with transparency.