Category Archives: Cryptocurrencies

Is Investing in Blockchain Tech the Future?

Is Investing In the Era of Blockchain Technology The way of the Future World?

Technology is one thing that will continue to change as we advance into the future. There is always a tech trend to join in on. When we got tired of land line we invented mobile phones, when physical currencies began to dwindle in value and flexibility we invented cryptocurrencies. Financial institutions and the stock market are abuzz with the progress of cryptocurrencies so far. Individuals and organizations are throwing in investments on various cryptocurrencies as digital assets. We are able to witness the progress of cryptocurrency due to the power of blockchain technology. So what is block chain technology anyway? Some can picture blockchain as a larger open, encrypted, decentralized, electronic ledger. The word decentralized simply means that there is no sole owner or exclusive authority over this ledger. And the beauty of this ledger is that, it can accept financial transactions from multiple sources.

This is close to the banking system. It is highly secure and once a transaction is made, it cannot be changed. The blockchain technology gives cryptocurrencies an impenetrable security against any form of hacking.

Hacking is a major concern especially in the United States and there have been speculations of adopting the Blockchain technology for other forms of businesses. This security has allowed cryptocurrency to flourish as many companies are even paying staffs in cryptocurrencies. Big corporations like IBM and MasterCard are currently utilizing blockchain and payment system.

What are the Benefits of Blockchain Tech?

It offers security support for cryptocurrencies and asides that, it is applicable to all forms of data. Data is the one thing that is most valuable to numerous corporate organizations and businesses and with increasing risk in securing data, there is a search for new sources of cyber security.

This is where Blockchain technology becomes advantageous. Transactions made by users can not be changed by an external source. This greatly reduces the risk of breaches in form of malwares. This technology is not just built for the financial sector alone. It can be leveraged for governmental purposes, healthcare, and other big corporation with big data.

Check out this medium article that highlights some projects similar to POA network that are changing the blockchain game. We believe these are the high level companies that are really changing the cryptocurrency game in 2018-2019.

 

Blockchain technology is at its emerging stages and still has a bit of tweaking to undergo before it becomes a sure deal, however it stands out as a most promising source of data security.

Top 5 Cryptocurrencies Apart From Bitcoin

Bitcoin had been shaping the world of Cryptocurrencies for a very long time, therefore the terms regarding Cryptocurrency and Bitcoin have been often used interchangeably. Yet, the simple truth is, Cryptocurrency does not only include Bitcoin. You’ll find so many different Cryptocurrencies which are a major sector of the crypto world. The goal of this post is to teach our visitors on cryptocurrencies apart from Bitcoin in order to supply them with an array of options to pick from – if indeed they consider making investments in Cryptocurrencies.

Litecoin:

If Bitcoin can be considered gold, then Litecoin is silver. It was launched in the year of 2011 and the creator of Litecoin is Charlie Lee who is also a graduate from MIT and had previously worked as an engineer for Google.Much like Bitcoin, the modern Litecoin is a decentralized, open-source network of payment that functionswithout a central authority.

Litecoin is comparable to Bitcoin in lots of ways and frequently leads individuals to think: “Why choose Litecoin over Bitcoin if both are similar?”Here is the answer: the block generation of Litecoin is a lot faster when compared to Bitcoin, which is the primary reason why retailers around the world have become keener on accepting Litecoin.

Ethereum:

This is another open-sourced software system which also works without a central authority. The currency premiered in 2015 and allows Smart Contracts along with Distributed Applications to be created and run with no downtime. The uses on Ethereum system need a particular cryptographic token which is called Ether. Based on the primary designers of Ethereum, this token may be used to trade, decentralize and secure almost anything.TheEthereumtrade experienced an assault during 2016 which split the currency into two fragments: Ethereum Vintage and Ethereum

In the competition of primary cryptocurrencies, Ethereum is the next most popular and it is directly behind Bitcoin.

Zcash:

Zcash arrived in the later portion of 2016. This currency describes itself as: “If Bitcoin is http, then Zcash is https”. Zcash guarantees to provide security, transparency and personal privacy of transactions. It also offers the choice of ‘shielded’ deal therefore the users can transfer data by means of encrypted code.

Dash:

Dash was initially a more secretive variety of Bitcoin. Additionally it is known as ‘Darkcoin’ because of its secretive nature.

Dash is mainly popular for offering an extended anonymity that allows it is users to perform transactions which are impossible to track.

This currency at first appeared in the digital markets duringthe year of 2014. Since that time, they have experienced a big fan pursuing over an extremely short period of time.

Ripple:

With a market capitalization of more than $1 billion, Ripple is the final name in our list. It premiered in 2012 and offered secure, instant and low-cost obligations. Its consensus ledger doesn’t require mining, an attribute differentiating it from Bitcoin and other conventional crypto currencies.
Having less mining decreases the computing muscle which eventually lessens the latency and makes transactions and trades faster.

Conclusion:

Although Bitcoin is constantly on the top of the Cryptocurrency world, its rivals are starting to pick up the speed. Currencies like Ripple and Ethereum have surpassed Bitcoin in business solutions and are rising in recognition every day. Guessing from the pattern, the other cryptosthat are also mentioned on this list may soon be providing Bitcoin a really hard time to keep up its stature.