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.
Two representatives of the main political parties in Australia urge the government to embrace the digital currency and its underpinning technology blockchain.
Bitcoin price reaches new all-time high $3,484 superseding SegWit’s activation scheduled on Wednesday. The in fighting over cryptocurrency’s future seems to be resolved.
The Bitcoin Cash network gains momentum, even though the difficulty is a lot lower than that of Bitcoin and mining the latter is still more profitable.
IBM and Thailand’s Kbank launch blockchain-based Letter of Guarantee service to avoid paperwork, provide high rate transparency, and shorten a Letter of Guarantee process reducing the procedures down to only the click of a button.
The price of Bitcoin is hovering at a record high, following a surge over the weekend, while Bitcoin Cash price more or less leveled off.
Cloud Mining Report, a website that offers unbiased cloud mining reviews and information about legitimate mining services is pleased to announce its relaunch under new ownership.
Blockchain startup Propy aims to revolutionize the $380B real estate industry creating a platform where real estate can be bought and sold, and property titles can be verified and registered with local authorities.
The company aims to change the existing system of providing services by solving the major issues like the lack of transparency and poor organization.
The Hong Kong-based startup is going to replace US dollars with digital currency, aiming to ensure security in the container shipping industry.
Mastercard has filed new patent application with set of functions indicating its intention to explore ways to build refund services for cryptocurrency users.
GDAX, operated by Coinbase, pledges to launch support for Bitcoin Cash having examined security and regulatory-related issues, customer demand, and trading volumes.
Stox announced the end of the ICO as it has met its goal just two days after the start of the ICO.
Despite a recent cooldown in the market, ICOs are still a very hot topic for venture capitalists, due to their phenomenal potential for high returns.
Coinbase is confident in its decision to boycott Bitcoin Cash, and investors do not anticipate any harm to exchange’s potential unicorn status.
RefToken will be the world’s first affiliate tracking system that will allow brands easily connect with affiliates and manage their relationships.