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.
In the run-up-to G20 summit, the news about the FSB’s positive approach to cryptocurrencies has resulted in an optimistic upturn in the market.
MyToken, Chinese number one crypto platform, is expanding Bandwidth and launching ICO for its own MT token.
Being listed on QRYPTOS, 1World Online continues to develop a “conflict-free” media environment with good user experience and monetization via ads.
Peer2.group, a crypto-friendly peer network, has announced its collaboration with blockchain platform Komodo for further development of its projects.
TrueGame welcomes Mate Tokay, the COO of Bitcoin.com, on its advisory board for further development of its smart contract-based iGaming project.
Promising startup CoinJanitor is to give new lives to inactive coins and forgotten assets, returning their value to the global crypto market.
IPSX, the first fully-decentralized IP Sharing platform, recently announced the launch of a demo version of the platform (MVP) for sharing IP addresses after successful TGE.
Giftcoin is developing decentralized and accountable ecosystem set to add so much needed transparency to charity fundraising.
Though the gambling industry is quite a well-developed sphere, still there hasn’t been a strong betting service. Betrium is coming to change the game.
Eligma becomes a personalized manager for a household: it can find the best deals on anything needed, helps to sell inventory at the best price and creates the universal loyalty program.
IcoGuide is a new source helping investors to stay up to date with the latest tokens and revealing the whole information about them.
It becomes easier to gain a slice from the blockchain pie owing to Safirus. The revolutionary platform for investments in cryptocurrencies and ICOs, announced the launch of its Token Generation Event (TGE) on May 2, 2018.
Here are top four reasons for cryptocurrency services be the future of payments.
In the past few years, Ripple has made tremendous progress when it comes to securing major partnerships with large-scale financial institutions.
Blockchain-based fintech platform Digitize will solve the problem with loose change by converting it into cryptoassets for later use.