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.
According to bitcoin investor Michael Novogratz Bitcoin could ‘easily’ hit $40,000 by the end of 2018
Golden Alliance is launching token sale in order to invest in mining projects the company is currently working on.
Seoul’s authorities have chosen Samsung SDS to guarantee administrative transparency and convenience through introduction of blockchain technology.
Bitcoin price has just reached its historical all-time high by breaking the $10,000 barrier. Now it seems only the sky is the limit.
BioCoin and RCN Network have concluded a far-reaching partnership with the RCN block-project. The experience of RCN in the sphere of p2p lending will allow BioCoin to create an infrastructure for borrowing assets within the platform.
Not all domestic ICOs are expected to be heavily affected by recent SEC’s guidance, but it will surely give companies and investors additional regulatory concerns.
Ethereum co-founder Vitalik Buterin shares some exciting insights into the scalability plans of the Ethereum blockchain at Beyond Block Taipei 2017 conference, held in Taiwan.
The goal of the new project is to strengthen the global Jewish community by allowing its members connect via a single blockchain-based ecosystem.
Former SpaceX intern – Sahil Gupta – argues that the true face behind the mysterious Satoshi Nakamoto is no one, but Elon Musk.
Bitcoin now surges past the $9700 mark coming close to its targets of $10,000. The overall crypto markets turn bullish with a total cap of over $300 billion.
Given the current growth rate, it’s very possible that the price of the digital currency may achieve $10,000 by the end of the year.
It seems that Mike Novogratz’s predictions, of Bitcoin touching $10000 by the year-end, are soon to turn true. The cryptocurrency has now surged past the $9400 mark.
Aid New Zealand discoveries technology of a blockchain for “a number of potential options of use”, including booking and tracking of baggage through partnership with the Swiss startup Winding Tree.
On the Thanksgiving festive time, the Bitcoin Black Friday is back again with some exciting deals for Bitcoin enthusiasts.
The partners have already successfully conducted a proof-of-concept, which demonstrated the technology’s potential to improve the current cargo delivery processes.