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.
Being developed in cooperation with leading experts in IP to benefit scientists, inventors, artists and companies, Startup IPCHAIN Database revolutionizes the way intellectual property (IP) is protected through the use of Blockchain technology.
Fitrova is a breakthrough in health and fitness industry. Based on Ethereum Smart Contracts, Fitrova has many advantages over the mainstream.
Dragonglass, the world’s first gamified cryptomining experience, will turn mining into an easier, less expensive and interesting process.
The native cryptocurrency ‘Kakao Coin’ will be used across company’s other services and apps platforms like Kakao Games, Kakao Driver and KakaoTalk.
RepuX will make the process of data sharing and exchange more transparent and trustworthy with the launch of its TGE, officially starting today.
A promising startup UniBright will facilitate the process of Blockchain adoption by businesses with the launch of its ICO on 10th April, 2018.
Coinbase makes it clear that it still stands by the earlier decision of the “committee of internal experts” to not add Ripple to its platform, at the moment.
Lucyd has announced its strategic collaboration with SuperWorld, aiming to provide a social AR platform and developer tools on Lucyd Lens smart glasses.
Welcome Paymon, a platform working to enable crypto traders securely exchange assets, and crypto wallet holders make purchases and payments with ease.
Blockchain-based DATx, the product of collaboration between Cosima Foundation and Avazu, is to decentralize the current digital advertising structure.
ARK continues to develop its platform in total transparency, and is looking forward to present a new and improved version of the project.
The auction this month will consist of 14 separate blocks that comprise of a combination of two blocks of 500 BTC, 11 blocks of 100 BTC, and one block of 70 BTC.
Meet CREDITS, an open blockchain platform, designed to create services for blockchain systems using self-executing smart contracts and public data registry.
DATx, a blockchain-based advertising solution developed by Cosima Foundation, has finished its first successful TGE raising a total of 50,000 ETH.
Cosima Foundation has collaborated with Avazu, a leading advertising platform with global coverage, for the development of its blockchain platform DATx.