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.
Popular website building platform offers 100 000 tokens to raise money for developing AI-based technology of increasing conversion and personalizing websites.
New updates to TrueFlip platform involves a user-friendly interface with the integration of new products and options.
The race for Bitcoin Exchange Traded Funds (ETFs) heats up as CBOE has filed for 6 ETFs with the SEC.
The country in the heart of Europe adopts the decree on digital economy development that gives the cryptocurrencies the privileged status.
Having closed over 20 property loans, with an average cost of $170,000, Caviar plans to issue 375,000,000 tokens, available until January 31st .
Goldman Sachs will be the first Wall Street giant to get involved with the cryptocurrency-related trading activity.
Bitcoin enters a major correction as the price of the cryptocurrency falls below $13,000.
Currently trading at $825, Ether price is likely to be pushed straight away, breaking through $1,000 to as high as $1,500 in Q1 2018.
On Wednesday, December 20, GMO Group announced launching cryptocurrency mining in Northern Europe. The Group believes that bitcoin will develop into “new universal currency.”
Genaro promises an elegant decentralized blockchain storage solution which will fuel the growth of DAPPs
Rewarding popular content with cryptocurrencies can boost its quality. But the effects of decentralized social networks can go much further than raising Internet surfing to a new level.
EXMO, one of the leading cryptocurrency exchange player, launches its token sale in order to support the ambitious goal of adding a Margin Loan service to its platform. The crowdsale officially starts on February 26, 2018.
Ripple’s token has surged to record highs meeting the expectations of the blockchain community.
Designed and developed by the team from IKL and knowledge.io, TriviaSpar draws gamers into a world of knowledge-based games, a hugely popular draw for both gamers and advertisers.
Knowledge.io tests teachers on their expertise as well as opens new revenue streams for students through “Knowledge Score” blockchain – a kind of so long awaited standardized qualification system.