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 new cryptocurrency startup aims to change traditional mining by using one of the most environment-friendly and efficient source of energy.
Planned for the next month, the initial coin offering will enable developers to raise finances for further development of the network’s payments protocol.
Kibo Lotto, gaming platform based on Ethereum smart contracts, announced that the project development is complete.
While Chinese regulators are moving closer to shutting down bitcoin trading in the country, traders seem to have a way to work around.
Blockchain startup Datum, powered by Ethereum, BigchainDB and IPFS, is creating a global data marketplace by turning data into tradeable commodities.
Chronicled and the LinkLab join forces in the framework of blockchain-based MediLedger Project, expected to solve a longtime problem of meds tracking.
The new platform is expected to revolutionize the current software and applications market, offering benefits to both consumers and developers.
LavkaLavka announces its upcoming presale of BIO tokens, designed to spread eco-friendly paradigm around the world through blockchain loyalty platform BioCoin.
Rainer Michael Preiss shares his opinion about bitcoin, which has been in the center of attention attracting a lot of criticism lately.
The Ireland-based startup is aimed at driving the usage of digital currency by making crytocurrency transactions as easy as sending a text message.
The team behind an ethereum scaling solution is launching an off-the-chain micropayment system that is designed to address the scalability and latency problems of the network.
Hedge Project launched ICO to develop a new crypto platform, which is believed to enable its users CryptoTraded Indices and derivatives trading.
Last month’s much spoken hard fork has seen Bitcoin price rally to reach new all time high of $5000. Let’s try to understand the possible reasons behind the rally and the future prospects for Bitcoin and Bitcoin Cash – forked version of Bitcoin.
![58 Insane Facts About Bitcoins [Infographic]](https://www.coinspeaker.com/wp-content/uploads/2017/09/58-insane-facts-about-bitcoins-infographic-thumb.jpg)
The infographic details the 10-year history of the most popular cryptocurrency.
Ending a range of downturns Bitcoin recovers, despite Ray Dalio, Bridgewater Associates’ founder, calls it “a bubble”, and Jamie Dimon, CEO of J.P. Morgan, recently declared it a “fraud”.