HomeTagdecentralization Archives - CryptoTechNews

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Facebook has finally revealed the details of its cryptocurrency, Libra, which will facilitate purchases or to send money to people with nearly zero fees. You’ll pseudonymously buy or cash out at your Libra online or at local exchange points like grocery stores, and spend it using interoperable third-party wallet apps or Facebook’s own Calibra wallet. This will be built into WhatsApp, Messenger and Facebook’s own app. Facebook has released its own white paper explaining Libra and its testnet for working out the kinks of its blockchain...

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Previously in Tokenization 101, we did a deep dived into tokenization, how it works and shared a few examples. Before tokenization becomes mainstream there are some challenges that need to be overcome. Below are some of the present challenges and how a tokenized future could look like. What are the challenges associated with Tokenization? 1. Lack of Tokenization standards and legal infrastructure Tokenization is not simply the creation of a token — any Solidity developer can do it....

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As the demand for digital currencies grows, many new cryptocurrency exchanges will continue to emerge. Most new users carry out all their financial transactions using fiat currency, exchanging money then for Bitcoin on decentralized exchanges or through Bitcoin ATMs and Over-The-Counter brokerages. Many cryptocurrency exchanges, like Coinbase, offer users a way to buy Bitcoin and other major coins using fiat deposits, however only offers about 12 out of the thousands of digital currencies available. It also has...

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Cryptocurrency has become a popular topic in the financial world over the past few years. Mainstream media organisations started taking more notice after Bitcoin rose from USD $900 to almost USD $20,000 in 2017. Now, you find so many sites online tapping into cryptocurrency and the many industries that it is disrupting. One popular concern is whether or not cryptocurrency will be able to replace fiat currency, or the national legal tender around the world....

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Bitcoin became more than just a digital store of value but a driving force in several industries. Creative applications have emerged and with this even more innovation.  Whilst cryptocurrencies gained popularity, the portion of the world that currently holds digital coins is negligible, relative to the world population. Below MintDice details one of the ways the crypto industry is engaging potential users – Bitcoin faucets. What is a Bitcoin faucet? A Bitcoin faucet is a creative...

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Traditionally, transferring money overseas was a long, arduous, not always secure, and expensive process. Thanks to innovative tech, changes in global regulations and a much more competitive landscape, this is no longer the case. Now you can send your money quickly, securely and track every step of the way. And, according to FlashFX, by using blockchain technology, you can get bank beating rates, a much more transparent process and no transaction fees too. We spoke with Michael O’Sullivan...

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The big question is, do cryptocurrencies have the potential to disrupt current currencies and banking systems? Many think Bitcoin is a speculative investment (one with potentially very high returns), however others do really believe cryptocurrencies represents a viable alternative to national fiat currencies. Do cryptocurrencies threaten national currencies?  Cryptocurrencies are built on a decentralized technology called blockchain. The blockchain is a permanent secure ledger of records, transactions, and other data. In the traditional use case, the...

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Have you ever wondered how “Bitcoin mining” and “Block Rewards’ works? Below is a succinct summary from MintDice who delve into the ins and outs of Bitcoin mining some different mining software available. What is Bitcoin mining? A common understanding is that the Bitcoin network is secured by collective groups of people known as miners. But outside of that, there are many technicalities to the entire mining process. Bitcoin mining is a lucrative venture that...

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The Port Authority of the Bay of Algeciras (APBA), a major Spanish shipping port, recently signed up to use the Tradelens, the shipping platform developed by IBM. Tradelens was developed in conjunction with Maersk, the international logistics giant. Shipping and logistics are considered low hanging fruits when it comes to early adoption of blockchain-based features into daily operations. Retail giants such as Walmart and Carrefour have ramped up their supply chain management using blockchain, and...

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Litecoin (LTC) is embarking on new developments and partnerships, including the appointment of four new advisors at the helm of the Litecoin Foundation, to drive awareness and education on the value of the cryptocurrency. “As we push for mainstream adoption, it makes sense to partner with a festival that is comprised of people who bring new ideas and visions to the world through the content they create, and one we can grow with through the...