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.
Token holders will get an opportunity to influence the platform’s further development and receive shares of its profits from raffles.
Numeraire smart contract was deployed to Ethereum and 1.2 million tokens were released to data scientists around the world.
Credo, a system acting as an agent between the buyer of goods and the seller, easily adapts to the requirements of regulatory bodies in any country of the world.
Having started his way to success at the age of 12, Erik now manages his bitcoin investments and take part in some interesting projects.
A formula that takes into account the growth of the real world economy alongside the digital one makes some surprising claims, reveals Daniel M. Harrison.
The Blockchain Insights Platform will enable faster and more secure data sharing process without ever handing information over to a third party.
WildSpark turns out to be the first product to make real use of the AMP, the digital currency issued by Synereo.
CryptoPing is planning to launch new subscription-based services once the ICO ends while the beta-version is already released.
Crypviser has announced an ICO campaign launch aiming to promote community interest and to raise resources needed for the project development.
With a strong community support the SONM team is excited to progress the project that is expected to revolutionize the computing market.
ZenDao aims to use Blockchain technology for a digital representation of the real-world collectibles on Blockchain and establishment of an unalterable digital provenance ledger and ownership transfer channel.
More than 17 thousands participants allow Polybius gradually moving towards its goal to become a legal and trusted provider of personal data with focus on governmental acceptance.
The companies aim to arrange a complicated multinational insurance coverage through blockchain to ensure transaction security.
Two major bitcoin exchanges unveiled the cyberattacks occured this week, which is not surpsrising given the bull market in cryptoassets.
The new tool named ‘BlockOne IQ’ will enable Wall Street companies to utilize Thomson Reuters’ data on trading systems that run on two types of blockchain types – Ethereum and R3’s Corda.