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.
An upstart innovator pegged to be the hottest ICO this summer, which some say could break the 9-digit mark, made history when it launched pre-ICO options.
The banks will be mainly involved in testing and validating the application to evaluate how the technology scales and performs.
One of the world’s largest Bitcoin and Ether cryptocurrencies exchanges Bithumb has recently been hacked, resulting in loss of more than $1 Million in cryptocurrencies.
Many experts share the opinion that the cryptocurrency market will keep on growing within next months.
The team of the researchers at the University of Sydney believe the new Blockchain system has a potential for revolutionizing the global economy.
![History of Ethereum: How It’s Set to Overtake Bitcoin by 2018 [Infographic]](https://www.coinspeaker.com/wp-content/uploads/2017/07/ethereum-history-infographic-thumb.jpg)
Given the current pace of development, Ethereum could eventually become the dominant virtual currency.
Litecoin hits all-time price and becomes the fourth most valuable cryptocurrency in the world by market capitalization, surpassing Ethereum Classic, Dash and NEM
A cryptocurrency gaming platform will allow players to securely trade their virtual tokens and use them on eSports gambling and betting services.
Rublix is developing some interesting projects aimed at improvement of transactions and scalability optimization.
This new formation social network will give a new breath to the industry.
Deloitte, one of the largest professional services network in the world, signed partner agreement with Waves Platform, the largest blockchain project originated from Russia.
A blockchain-based smart contracts platform is in the process of running its ICO, which already brought the company a record amount of funding.
As far as the A2B Direct platform is already operational, the ICO targets to finance transferring the platform onto blockchain.
A set of bills to regulate the cryptocurrency market is being developed in South Korea.
The blockchain startup has raised a record amount during its crowdsale, overcoming the previous record set by an Ethereum-based platform Bancor.