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 creative platform ImmVRse deploys Origin Protocol in order to develop a turnkey solution that will permit blockchain startups to redistribute the control of information to its users.
Big data analytics is quickly becoming a most important tool in the hands of enterprises that thrive on trends and prevailing community behaviours for efficient product delivery. The ability to forecast and make predictions about future outcomes and possibilities is most often the difference between successful and unsuccessful ventures.
Messenger app ySign has recently announced TGE aiming to launch its innovative Facebook-alternative platform for simple and reliable digital communication.
The Telegram Pre-ICO sale has managed to gather a lot of moolah and it still open to pursuing more subsequent offerings.
Paytomat, a multi-currency payment solution, has recently acheived 100,000 WAVES from Waves Lab Incubatoras a seed funding for further development.
Ambit Mining starts the pre-sale of its tokens on April 10, attempting to run the new innovative facility for cryptocurrency mining.
The two companies with solid technological background unite their efforts to provide users with a simple way to solve sleeping problems.
Bitcoin advocate and Fundstrat’s co-founder Tom Lee calls cryptocurrency investors to be patient and to HODL if they want to avoid losses.
Mailchimp, email-based advertising platform, has added to the list of social media platforms to ban cryptocurrency related advertising. The ban will come into force on April, 30.
The aim is to push the mainstream adoption of kin tokens by integrating them with gaming SDKs and further using them for rewarding the developers.
Crypto market woes don’t seem to settle anywhere as major cryptocurrencies slip below their crucial levels.
EtherSport, a decentralized online sports prediction platform leveraging Ethereum smart contracts, has recently launched the second round of its token sale.
One of the largest cryptocurrency exchanges Bitfinex is planning to change its current jurisdiction. Switzerland is considered the most probable variant.
Safein, an identity and payments wallet, has announced the pre-sale event for its revolutionary identity payment platform, which will start on April 3, 2018.
Keyrypto, a Dubai-based platform connecting blockchain with e-commerce, has announced its main event starting on April 2, 2018.