Cryptocurrency is hot right now and my advice is to be very rigorous when investing in this market. Cryptocurrency is used in every industry and here are some examples. Realestate applications of blockchain : Ubiquity-This Software-as-a-Service (Saas) blockchain platform offers a simpler user experience to securely record property information to ensure a clean record of ownership.
Entertainment blockchain examples : Spotify-When Spotify acquired blockchain startup Mediachain Labs it was to help develop solutions via a decentralized database to better connect artists and licensing agreements with the tracks on Spotify’s service.
Google is also reported to be working on a proprietary blockchain to support its cloud-based business. Parent company Alphabet is developing a distributed ledger that third parties will be able to use to store data, believed to be in regards to Google’s cloud services for enterprises, with a white label version for companies also in the works.|The De Beers Group, the world’s most famous diamond company, now has its own blockchain up and running, designed to establish a “digital record for every diamond registered on the platform”. Given concerns about the source of diamonds, and the ethics concerning their country of origin, coupled with the risk of stones swapped for less value ones along the line, blockchain is a natural fit. Because each record is indelible, it will ensure that data for each stone lasts as long as the diamonds themselves. Read extra info at what are crypto wallets.
Most people know that cryptocurrencies such as Bitcoin use blockchain technology, but what exactly is blockchain? If you imagine Bitcoin as a car, then blockchain would be the combustion engine; i.e. blockchain is the underlying technology that drives the system.
The decentralised, permanent, time stamped and unalterable nature of the data recorded in the blockchain means that data is more secure, traceable and transparent. After all, there is no central point of vulnerability or failure, and the data itself is resistant to modification and unwanted tampering. Over the past decade, the Internet and software have made the transaction of money practical. You can easily shop online and trade securities. But transferred financial assets go through correspondent banks, archaic systems linking clearing houses, and central depositories. Sometimes it takes many days for the funds to reach an account or purse to settle. Not only are these systems slow, but they are expensive and unsafe. Blockchain development is addressing this problem by restructuring fundamental business transactions, including money market transactions, and introducing new forms of digital interaction.
Here are some terms explained : Anarcho-capitalism: A political philosophy and school of thought that believes in removing centralized states in favor of self-ownership, private property and free markets. Many of the early adopters of Bitcoin were proponents of anarcho-capitalism, believing it would give power and control back to the masses.
Bear Trap: A technique played by a group of traders, aimed at manipulating the price of a cryptocurrency. The bear trap is set by selling a large amount of the same cryptocurrency at the same time, fooling the market into thinking there is an upcoming price decline. In response, other traders sell their assets, further driving the price down. Those who set the trap then release it, buying back their assets at a lower price. The price then rebounds, allowing them to make a profit.
Cloud Mining: Mining with remote processing power rented from companies operating outfits in countries like Iceland, where the electricity is abundant and cost-efficient, and the ambient temperature is cold year-round. Another term for this is mining contract.
And the latest crypto news : Chinese cryptocurrency mining giant Bitmain is revisiting plans for an initial public offering (IPO,) Bloomberg reported on June 21. The company had filed to list an IPO on the Hong Kong Stock Exchange, but the application expired on March 26. Now, Bitmain is reportedly planning to file listing documents with the United States Security and Exchange Commission, potentially paving the way for a share sale to take place later this year. While the company was hoping to raise $3 billion from its planned Hong Kong IPO, the Bloomberg report suggested that this fundraising target will be reduced to between $300 million and $500 million if it lists in the U.S. Read more details at Bitcoin Cash (BCH) Price.
