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.
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.
Bitcoin Cash, created by Bitcoin hard fork, became an apple of discord between Coinbase, refusing to support the new currency, and its customers, angrily requesting their share of bitcoin cash from the company.
The ATLANT platform offers the most efficient solution for buying and selling tokenized property units, eliminating high barriers of entry and expensive attorneys at $217 trillion global real estate market.
A blockchain-based startup aims to become a first platform on which users will be able to create and operate decentralized peer-to-peer marketplaces.
US-based bank files three new patent apps aimed at validating of not only users of its system, but also of the information within it.
Bitcoin Cash price is surging now though experts talks about possible increased volatility in the nearest future.
Bitcoin Cash price has been dropping and surging since the first block on the alternative blockchain was mined.
The bitcoin network has been officially forked into two separate blockchains, as miners added the first block to the Bitcoin Cash chain on Tuesday.
Cornell University, UC Berkeley, and Ethereum Foundation award research first place at IC3-Ethereum Boot Camp.
ICOs become equal to the traditional securities sales in terms of federal securities laws’ requirements causing a ripple throughout the blockchain community.
Blackmoon Financial Group launches the Blackmoon Crypto Platform, a blockchain-based platform for tokenized vehicles, which allows to create and manage legally compliant tokenized funds.
While the whole bitcoin community is concerned about the creation of Bitcoin Cash, we recommend you how to protect your funds and gain profit out of the situation.
Ronnie Moas says that digital currencies and bitcoin in particular will keep on growing and exceed the value of stocks, other precious metals, bonds and currencies.