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.
Blockchain-based apps platform Qtum has partnered with Beijing-based company 360 Finance to set up a blockchain lab.
Kay Van-Petersen believes that 2018 can bring Bitcoin a significant rise and expresses support for the future of Ethereum.
Its common knowledge that direct purchases present higher benefits than deals that are closed through intermediaries in any given marketplace – that is why Blockchain takes Apps marketplace in hand now.
China is planning to completely ban activity of centralized cryptocurrency exchanges, targeting websites, mobile apps, people and businesses that provide exchange-like services.
The distributed autonomous job platform Blocklancer, which is aiming to change the freelancing industry bringing benefits to all stakeholders, starts its ICO today.
New technologies are risky investments as it is, but a security attack can be fatal.
The atmosphere within crypto community is heating up following the cumbersome news regarding Metropolitan Bank neglects crypto payments.
Very soon crypto trading activity in South Korea will be allowed only for those who have real-name accounts: those with anonymous ones will be fined.
Streamity enters the decentralized exchange market with a service designed to lower fees, increase liquidity and improve security.
The heart of blockchain technology and cryptocurrencies is decentralization. But are cryptocurrencies really decentralized now, or there is a hidden hand ordering around?
Did you know that you can make money by buying and selling diamonds? This guide will help cryptocurrency investors to trade diamonds on the CEDEX exchange.
The global crypto market is recovering after the South Korean false regulatory announcement. Cardano and NEO increased in value, while Bitcoin and Ethereum receded from their positions.
EChat, the first multitasking messenger, has announced its another ICO round with bonuses and rewards, which will last until February 15, 2018.
Matchpool launches a development contest with special bonuses for winners to win the Asian market and kickstart the company’s presence in the sector.
Blockport, the first social crypto exchange, has collaborated with ARK, a famous provider of innovative blockchain technologies, in order to develop an ‘exchange for exchanges.’