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.
Privatix, the decentralized and 100% autonomous P2P VPN Network on blockchain tech, announced that it has recently reached its soft cap in the preliminary rounds of its ICO.
The price of bitcoin has reached yet another all-time high this week, rising past $7,000 for the first time.
The Etherecash Pre-ICO campaign will run from October 25th, 2017 until November 7th, 2017. The full ICO campaign will begin November 15th, 2017 and finish on December 19th, 2017.
Skycoin and allied product SkyWire plan to radically transform the cryptocurrency world in the future.
Millions of legally-binding contracts are created and signed each day. They are integral to every business, and the number of contracts in existence only continues to climb higher with each passing year.
It may seem like the ICO craze is a bit like the wild west – full of do-it-yourselfers and rebelling against the man. Generally, in a climate like that, things go south pretty quickly. However, a quick perusal of the ICOs to date indicates differently.
The new blockchain-owered reviews system aims to solve the problem of false recommendations, providing value for both consumers and businesses.
Blockchain-based gaming platform Network Units wants to decentralize the gaming industry, launches a token sale on November 23, 2017.
The latest online records show e-commerce giant registered three blockchain and cryptocurrency related web domains.
This year’s Halloween marks another milestone as 9 years ago, Satoshi Nakamoto, the anonymous creator of Bitcoin, released its white paper.
Over the last 24 hours Bitcoin cash gained about 10 percent to its price.
Given token’s price unprecedented growth and even wider adoption, it seems that there is absolutely no stopping Bitcoin for now!
The main round of the first legal ICO in Russia hosted by the first official Russian cryptocurrency platform Voskhod has officially started today, on November 1.
According to the consortium, a new blockchain-based solution will enable fast and efficient international transactions among financial organizations.
The upcoming indaHash ICO is grabbing more and more attention of media outlets around the globe.