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.
ImmVRse will run one of the smoothest token sale event of the year in collaboration with award-winning global cyber security company, Entersoft.
Sociall.io, the blockchain-based alternative to social neworking giants, stands for secure and decentralized communication.
Serving as another milestone in mainstream crypto adoption, the partnership is to enable tens of thousands of online merchants to start accepting cryptocurrencies as a payment method.
AI-based voice controlled assistant, progressive payment unit and support of the smart contracts create the effective solution for candidates and recruits to enjoy the lower costs and higher level of security.
The PBoC also said that it will allow for a level playing field for the foreign players to compete with the local players in the highly saturated payments market of China.
Soccer Manager is deploying its system on the Blockchain to let users participate in the managerial game directly without the need of a big central server.
The platform provides game developers with a new monetization strategy – the source of income is in the resources of their gamers’ personal computers.
MedCredits has announced its collaboration with ID verification provider Civic, which will result in the world’s first decentralized public registry of physicians.
With a new cryptocurrency trading platform, Quirrex wants to solve the issues of current cryptoexchanges, including lack of transparency and risk of hacks.
Lympo has decided to distribute 20% of its shares to the LYM token holders, giving an additional value to them in terms of the company’s ownership.
As per source familiar to the plans of FSA, Binance received the warning as it was expanding its operations in Japan without taking prior approval from the agency.
Blockchain Terminal aims disrupt the global hedge fund industry, allowing companies trade cryptocurrency on a secured, single-interfaced platform.
Startup Faceter revolutionizes the way private houses and small businesses are protected by rolling out its innovative blockchain video security solution.
With a view to add new directions of operations and expand its services, Coinbase may acquire a crypto social network and two-sided marketplace Earn.com.
Healthureum is set to revolutionize healthcare industry with the power of blockchain and smart contracts technology, providing multifarious healthcare solutions to consumers and healthcare institutes.