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.
With the launch of its pre-ICO, the german FinTech company is setting new standards to the current ICO sector, eventually bringing trust to this funding vehicle.
Cryptocurrency market is at a record high valuation above $250 billion and this time it’s the altcoins and Ethereum contributing to the rally.
By combining the blockchain technology with a strong economic model, Scorum sports media platform will fairly reward its active users.
The project, which is supported by legendary footballer Roberto Carlos and bitcoin advocate Charlie Shrem, has managed to overcome its soft cap in just the first few hours of the crowdsale.
Viuly, a decentralized video platform like YouTube or Twitch, aims to disrupt exploding multi-billion dollar video sharing market.
Ripple’s price will be likely to rise in coming months as there is enough good news for the cryptocurrency.
The cryptocurrency market continued to swell on Thursday, as Ethereum price breaks above $400 for the second time this year.
Interested in working on a cryptocurrency market? Make sure you pick a right crypto wallet to ensure your assets are safe.
An alleged Fraudulent Wallet appearing on the Bitcoin Wallet is said to have stolen $3.3 million worth of cryptocurrency holdings of users.
With the development of Blockchain technology, many companies want to disrupt the Commodities industry.
JP Morgan, one of the largest banking institutions in the United States, is looking at allowing its clients to trade bitcoin futures, while its Chief Executive James Dimon stays negative to Bitcoin believing it’s a fraud.
Microsoft and R3 Blockchain Consortium strengthen their partnership for deeper integration between cloud-platform Azure and Corda platform making it easy for businesses to develop their infrastructure on blockchain network.
Decentralized streaming video service Flixxo announced partnership with the distributed computing platform iEx.ec.
The world’s first decentralized accelerator Rocket ICO adopts Bancor’s Smart Token protocol on its platform. The ICO is currently being held and will last until December 15, 2017.
Renowned Bitcoin investor and crypto-hedge-fund manager, Mike Novogratz believes that Bitcoin can touch $10000 by the end of this year.