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 white paper details the company’s efforts to solve issues of campaign fraud for ICOs, crowdfunding, and crowdinvesting.
As far as ASUS has not officially confirmed the release of digital currency mining cards, the exact launch is unknown.
The blockchain-based ad platform is expected to improve today’s digital marketing industry, providing higher transparency and minimizing the risk of ad fraud.
Let’s have a look at astonishing data.
The platform is intended to facilitate domestic and cross-border trade for small and medium enterprises in Europe and increase overall trade transaction transparency.
The team behind Sibcoin project is finally launching a decentralized platform for cross-border money transfers following a few months of development.
BTCC becomes the first Chinese cryptocurrency exchange to integrate Ethereum Classic and offer support for ETC traders.
The platform has managed to overcome its minimum fundraising goal in minimal time, despite blockchain congestion issues experienced by Ethereum’s network.
DECENT platform is intended to leverage the blockchain technology to make the online publishing space more cost-effective, transparent and secure.
GDAX promised to credit customer accounts which experienced a margin call or stop loss order as a direct result of the rapid price movement.
German automaker Porsche has named the winner of its first blockchain startup competition.
Post-ICO windfalls leave beneficiaries such as Bancor and Poloniex with no choice but to buy the vintage digital assets with thriving networks.
The collaboration will allow members of the cryptocurrency community to invest into CrypViser communication platform using ChronoBank’s digital tokens.
CryptoPing has already managed to attract 30,000 potential subscribers while its ICO enters the last stage.
The start-up is planning to direct the funds to further expansion and development of the team.