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.
IBM and Hyperledger project have joined Decentralized Identity Foundation (DIF) consortium.
With the help of the token sale Prosense.tv wants to create the world’s first decentralized peer-to-peer (P2P) livestreaming platform for the distribution of VR content.
Cryptobank Crypterium wants to combine a mobile bank, cryptocurrency acquisition solutions for business, an OpenAPI cryptocurrency platform for developers, and the ability to receive decentralized crypto loans.
Bitcoin hit a new record, currently trading at $5,297.39.
One of the famous bitcoin supporters is sure that the cryptocurrency’s price will skyrocket to over $27,000 within next four months.
Cryptolocator unveils international trading platform focused on Ethereum trading that ensures maximum security for transactions and user data.
Famous investor predicts that Bitcoin will baloon to $10,000 a piece in the next 6-10 months.
XBT Provider by CoinShares, the issuer behind the world’s first bitcoin ETNs, is announcing that the first Ether ETNs are now available for trading on Nasdaq Stockholm.
eSports platform Eloplay will hold an ICO of its ELT tokens that enable the platform’s Smart Tournaments model, which allows players to organize decentralized prize pools.
Russian President Vladimir Putin is sounding the alarm over cryptocurrencies.
After surpassing a $4,700 mark on Monday, the digital currency is already approaching a historic record of over $5,000 it reached in September.
The startup is offering a revolutionary service that will help users to execute international deals without deep knowledge of the smart contract technology.
MicroMoney, the world’s first Blockchain-based credit Bureau, partners with ICOBox, the leading supplier of SaaS solutions for conducting ICOs, with an intention to open access to banking for everyone.
REGA Risk Sharing, the developer of the world’s first blockchain-based сrowdsurance platform, partnered with ICOBox, the leading supplier of SaaS solutions for conducting ICOs.
The social networks of online video streaming are set to undergo a seismic shift with the launch of the Flixxo token sale on October 24th, 2017.