Blockchain

There is undoubtedly a lot of noise in the cryptocurrency space, and not all of it constructive. Narratives projecting Bitcoin as a global panacea; the “decentralize everything” movement; or the infinitely faster, more scalable, and secure blockchain…the list goes on. Separating true from false is an incessant task, and one that this article intends to do for another of these claims: cryptocurrencies are ready to replace central banks (CB).  To begin, let us take a step back and understand what…

There is excellent market confusion about the distinction between different terminologies that keep floating around. Most people, some calling themselves seasoned professionals, cannot tell apart Bitcoin and Ethereum or the difference between a Blockchain and a cryptocurrency. Some even go to lengths to propose solutions for projections that do not even have problems. Let us hope the distinction between each is soon cleared. But, unfortunately, all the false promises and ill-informed market "experts" can divert their focus toward better understanding…

Blockchain technology is rapidly evolving and expanding its use in various industries. It has already rocked the financial sector and set its sights on changing the world as we know it forever. Blockchain surfaced as another nonconventional term in the technical dictionary that accompanied Bitcoin's inception more than a decade ago. At first, blockchain was part of the uncharted territory of the cryptocurrency world. Today, it is an established technology with a game-changing capacity and limitless possibilities for development. It…

Blockchain is primarily a distributed ledger designed to foster transparency and immutability of information and, most commonly, transactions. The idea of blockchain was initially instituted in 2009, with the most successful crypto asset, bitcoin. Since then, there have been many other crypto introductions, including the launch of the second-best-performing blockchain, Ethereum.  Ethereum introduced the concept of smart contracts, which paved the way for the speedy introduction of crypto tokens. Tokens are primarily a digital representation of another asset, real-world or…

Thanks to the increasing interest and investment in the commercial space, the number of applications and websites used to track consumer portfolios' effectiveness has increased. Again, great, but currently, there are over 200 different apps for Cryptocurrency Tracker portfolios on the App Store alone. While choice and competition are usually good, figuring out which Portfolio app has the right features can be confusing. While the benefits of the good ones are easy to see - from faster and more accurate…

The cryptocurrency hype continues into 2021 with an unprecedented boom on significant coins such as Bitcoin and Ether. The crypto industry is evolving daily and will seemingly rule the traditional financial world. Despite the known volatility of digital assets like coins and tokens from their introduction, people are still anxious about them and want to try their luck by investing in them. However, one thing that might confuse the new class of investors is the crypto industry terminologies. For instance,…

Today, blockchains serve as the primary drivers of all crypto transaction operations in a digital asset. Its foundation is based on different aspects, such as privacy and transparency. Within the blockchain network reside nodes that act as the actual transaction validators. The presence of nodes explains the decentralized nature of cryptocurrencies since no single entity owns the system.  Therefore, node operators oversee every transactional process as they own a copy of the distributed ledger. However, the operators work with different…

Anyone in the financial technology space must have heard about blockchain technology. However, not many people know how it works and the technology behind it. Blockchain technology is an invention of an anonymous individual or a group of people under the pseudonym Satoshi Nakamoto which powered the first cryptocurrency, Bitcoin, released in 2008. Technology has been in play ever since. Since blockchain technology release, the IT industry has massively evolved. However, several people are still skeptical due to a lack…