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.
After the smartphone revolution, one of the most revolutionary technologies with which almost every business today wants to get associated with one or the other way is the ‘Blockchain Technology’.
HPE’s industry-first Mission Critical Distributed Ledger Technology helps customers deploy blockchain solutions quickly.
A promising UK-based start-up is to revolutionize the existing online market ecosystem by turning it into blockchain. The upcoming crowdsale is planned on Q1 2018.
Bitcoin Cash decreased by 33% according after yesterday considerable growth up to $2477 while Bitcoin didn’t lo
The second derivative of Bitcoin namely the ‘Bitcoin Gold’ has finally gone live as developers publish the final software for the cryptocurrency.
If there’s a day, there will be an ICO. As of November 2017, about 800 ICOs had been conducted, and the trend doesn’t seem to show any signs of declining.
With the cancellation of SegWit2x hard fork, there is a shift in attention towards Bitcoin’s first derivative ‘Bitcoin Cash’. How far it will hold the momentum remains to be seen.
Blockchain-based FinTech startup BANKEX is building a Proof-of-Asset protocol (PoA), a standard that enables a new generation of assets and contracts creating Decentralized capital markets.
Guest post by Ričardas Bernotavičius, CEO of Iungo Network. a global wireless Internet provider, powered by Blockchain technology. His company wants to democratise how people and businesses benefit from Internet connectivity by becoming the world’s largest decentralised ISP.
Paypal-like cryptocurrency payment platform UTRUST has surpassed its $10 million soft cap target on the first day of its public ICO on November 2nd, 2017.
After Segwit2x cancellation, Bitcoin’s exchange rate has lowered below $7000, bringing about not only public worrying, but also the raise of Bitcoin Cash.
Bitcoin Gold is finally set to go live this Sunday on November 12. Will Bitcoin Gold really manage to decentralize mining or is it just another Bitcoin’s version? Let’s try to figure out.
The platform will solve the issues of the current scrap metals market by offering a new trading platform that will help market participants save millions of dollars annually.
This project, created in partnership with the French Federation of Insurers (FFA) and Deloitte’s professional services, which is currently in the testing phase, aims to optimize information between insurers in the context of the new French provision on ordinary mobility.
Following the cancellation of the SegWit2x hard fork event this week, developers of the Bitcoin Classic scaling solution are now closing the project.