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.
Analysis of current situation on cryptocurrency market reveals that Bitcoin’s major rival strengthens positions with rising market capitalization and increasing trading volumes.
MDL Talent Hub is ready to revolutionize entertainment industry with its very own decentralized talent sourcing platform based on blockchain technology.
The oil-based digital currency fails before launching: it is claimed to violate the Constitution of the country.
NEO, which already supports a wide range of commonly known languages, is not afraid to face intense developer influx – scaling solution seems to be found.
Video sharing platforms have been tussling with some rather significant challenges as of late – YouTube, for instance, was struck by the demonetisation phenomenon known as the ‘Ad-pocalypse’.
South Korean authorities are taking help from their Japanese and Chinese counterparts to establish new rules for cryptocurrency trading.
After the leakage of Telegram ICO white paper, more and more ambitios plans, fulfilment of which will open breathtaking opportunities for its users, are being revealed.
Local miners from China are facing tough times as the government pushes ones, who are using cheap electricity, out of business.
Kodak adopts the blockchain route in order to democratize photography and make licensing fair to artists.
The company that uses blockchain to ensure the high quality of every single bottle of the produced water is planning to implement a unique business model based on its cryptocurrency.
Ethereum co-creator said that this year we will see significant changes in the cryptocurrency market due to enourmous growth of Ethereum’s price.
Sheer demand for graphic cards results into increase of its price for everyone but cryptocurrency miners.
J.P. Morgan Chase Chairman and CEO Jamie Dimon has taken back his critical words about bitcoin admitting the usability of blockchain technology for financial markets, even though he still has no desire to deepen into the subject that much.
Brands and customers connected with cryptocurrencies and the underlying blockchain technology will soon be united in the first worldwide consortium Sandblock.
Designed from the ground up with the privacy in mind, Ti-Blockchain wants to provide its users with a platform for messaging and data sharing with Titanium Value (TV) cryptocurrency serving as a fuel.