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.
The first cost-per-action affiliate Blockchain-based platform Bitcomo avoids being gouged by current networking fees helping marketers save up to 44 percent of add dollars in its ecosystem.
Owing to the high usage of Android-based devices globally, the startup developed a new decentralized platform beneficial both to developers and users.
The blockchain platform is expected to revolutionize the future of internet marketing by addressing the main problems existing within the industry today.
Blockchain-based sports platform SportyFi will launch an ICO on November 21, 2017 which will be backed by Charlie Shreem, a founding member of the Bitcoin Foundation, and Roberto Carlos legendary international footballer, and many others.
Being hosted on a decentralized blockchain Game Protocol is believed to bring strong solutions to most pressing problems of video games’ industry.
On the eve of Virtual Revolution: VR platform Decentraland creates new universe announcing its first land auction to take place in December.
IBM announced intention to use blockchain technology in order to track marijuana sales.
Chairman of CME Group, Leo Melamed believes that Bitcoin is all poised to become a new asset class of the future similar to stocks and gold.
With Bitcoin dominating the world of cryptocurrencies and virtual digital currencies, many financial institutions are now starting to considering Bitcoin in mainstream adoption as a new form of payment method in the near future.
Goldman Sachs’ technical analysts Sheba Jafari and Jack Abramowitz believe Bitcoin could reach at least $7,941, according to the message sent to the company’s clients on Monday.
Blockchain-based digital identity system SelfKey is returning back the power of identity information to where it belongs – in the hands of individuals who know what they need better than anyone else.
Skrilla, a licensed, fully-integrated eSports wagering platform, wants to change the eSports industry with the help of blockchain technology.
According to the PBoC’s researcher, the introduction of a centralized digital currency will bring substantial changes to the future of the world’s financial industry.
Feeling optimistic about the token’s future, and showing readiness to venture into the cryptomarket, Japanese and South Korean investors trigger Bitcoin break yet another all-time high.
Blockchain-based startup EtherSport announced the launch of token sale on November 13th, 2017 to develop ground-breaking sports betting platform,