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 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.
For a majority of the world, August 1, 2017 was just a normal day. But for technology gurus and cryptocurrency fanatics, August 1, 2017 was a monumental day in blockchain history.
Overstock CEO Patrick Byrne confirmed the upcoming tZero ICO scheduled by Thanksgiving, adding it can raise up to $500 million.
Startup Circle opens source project CENTRE that is based on blockchain technology and will be aimed to connect different digital wallets.
The value of the digital currency reaches a 30-day high amid warnings of high volatility it could experience after SegWit2x activation next month.
China will likely resume cryptocurrency trading after licensing exchanges as measures for cryptocurrency market regulation.
Follows IBM and Microsoft in chase after enterprise clients who want to build next-gen blockchain-enabled applications, Oracle recently unveiled ‘Oracle Blockchain Cloud Service.’
Taiwan’s authorities refuse to follow the examples of China and South Korea in banning ICOs and join Japan in its bitcoin-friendly approach.
Coinlancer has created a platform that protects freelancers and clients together through Blockchain technology.
The Florida-headquartered blockchain startup Centra Tech has successfully completed its ICO on September 25 to fund the development of its cryptocurrency debit card service and marketplace.
The new blockchain startup, which aims to rival such tech giants as Microsoft, Google, and Amazon, is to launch an initial coin offering on October 23, 2017.
The blockchain technology is expected to transform the current consumer reviews industry, ensuring authenticity and credibility of online ratings.
With Bitcoin (BTC) price increasing up to $4400, world’s largest banks begin to seriously consider cryptocurrency adoption.
Blockchain-powered marketplace Lockchain wants to build the place where hoteliers and property owners can rent their property globally, receive money and manage bookings without paying any commissions to middlemen.
Air France KLM is evaluating the potential for blockchain technology to observe workflows within its aircraft servicing units.