HomeTagdecentralization Archives - CryptoTechNews

http://cryptotechnews.co/wp-content/uploads/2019/04/what-is-netcoins-1280x720.jpg

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...

http://cryptotechnews.co/wp-content/uploads/2019/03/bitcoin-are-crypto-and-fiat-currencies-correlated-e1553822171362.jpg

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....

http://cryptotechnews.co/wp-content/uploads/2019/03/bitcoin-faucets-and-bitcoin-moon.png

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...

http://cryptotechnews.co/wp-content/uploads/2019/03/20170811-Flash-FX-584-852x720.jpeg

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...

http://cryptotechnews.co/wp-content/uploads/2019/02/bitcoin-national-currencies.png

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...

http://cryptotechnews.co/wp-content/uploads/2019/02/bitcoin-mining-softwares-1280x720.jpg

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...

http://cryptotechnews.co/wp-content/uploads/2019/02/spanish-port-blockchain-1280x720.jpg

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...

http://cryptotechnews.co/wp-content/uploads/2019/02/litecoin-1280x720.jpg

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...

http://cryptotechnews.co/wp-content/uploads/2019/02/blockchain-mainstream-1280x720.jpg

One of the fascinating aspects of technology is its dynamic nature. This aspect has ensured that once mainstreamed, businesses have the option to embrace it or be edged out. Despite its numerous advantages and applications, mainstreaming of blockchain has had its fair share of challenges, more so in 2018 when the valuation of most cryptocurrencies fell substantially. However, a tech review published by the Massachusetts Institute of Technology (MIT) predicts a positive outlook for blockchain....

http://cryptotechnews.co/wp-content/uploads/2018/12/image-from-rawpixel-id-1570-jpeg-1200x720.jpg

We have previously delved into the story and evolution of ledgers, and how it has shaped blockchain technology. Now we want to delve into cryptoeconomics and how the new technology can change and improve services. Institutional economics understands the economy is made of rules. Rules (like laws, languages, property rights, regulations, social norms, and ideologies) allow dispersed and opportunistic people to coordinate their activity together. Rules facilitate exchange — economic exchange but also social and political exchange...