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.
Solid experience in the healthcare sphere combined with all the advantages of blockchain technology can change the standards of medical service in the near future.
While U.S. and European banks ban buying bitcoin with credit cards, Australia’s biggest banks have confirmed that they are not barring customers from purchasing cryptocurrencies.
MDL Talent Hub is developing a blockchain-based platform facilitating and clarifying the processes of talent search and recruitment.
Blockchain-based startup SelfSell aims to build a platform where anyone can sell his/her future income to generate resources in present.
In a few weeks, Coinbase will offer their customers an update on Bitcoin SegWit which is expected to improve transaction capacity of the Bitcoin network.
The overall markets under deep correction as China brings ban on local investors to trade even from foreign exchanges.
TiesDB is the world’s first database product for the crypto community that aims to solve the main issues of existing decentralized data storage systems.
Blockchain-based startup JOLYY works to disrupt the existing market for on-line beauty booking by providing a secure, trustworthy and efficient platform, which will benefit both: industry representatives and their clients.
Is Mark Zuckerberg’s Facebook following in the footsteps of CinemaWell, a 2.0 decentralised platform of online cinemas?
Monaco Estates is launching a cryptocurrency real estate investment fund focusing on high-end apartment rentals in Monaco. The token sale is set on March 1.
RPay has presented the world its new and efficient blockchain-based payment system. The ICO is currently undergoing and will last till the beginning of March, 2018.
Grain’s blockchain solution is to revolutionize the working process by facilitating instant payments and reducing overhead costs.
SHIFT.cash, the first car title lending platform based on smart contracts, opens a new opportunity for borrowers to access loans.
Bitmora, the world’s first digital asset exchange built by the community, has announced the launch of its exchange platform.
Tbilisi-based blockchain startup VISO aims to bring crypto payments to a new level of development with the help of its VISO SMART terminals.