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.
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.
Blockchain-based, online gaming ecosystem Triforce Tokens has scheduled its next Token Generation Event (TGE) for February 20th, 2018, offering 1.5 billion tokens in total, with 25% discount for the first 1% of supply.
Data changes made by CoinMarketCap shows tumbling cryptocurrency market and causes an uproar in the crypto community.
Telegram looks all set to unveil the ‘third generation’ Telegram Open Network offering support to thousands of decentralized applications.
The award winning startup that uses biometrics and blockchain tech for upgrading elections attracted huge investment funds and influential business angels.
Lucyd, the developer of smartglasses for augmented reality, has announced its partnership with American VR and AR gear provider Gravity Jack describing it as “breakthrough”.
Cryptocurrency portfolio risk management solutions provider X8Currency creates as a bridge between the crypto and fiat worlds, introducing stable cryptocurrencies – key to the growth of crypto economy and investment.
According to the Synereo’s chief executive, the partnership with Changelly will enable users of its platform to reward content creators with any currency they have.
After its bullish run to above $800 billion, crypto markets are seen correcting by nearly 10%.
The world of marketing and advertising was completely different two decades ago when brands and advertisers used banner ads, print content and TV commercials to grab people’s attention.
Alpha version of decentralized internet X Cloud is likely to appear in few weeks, according to Internxt Twitter.