In 2017, there were 875 Initial Coin Offerings (ICOs), raisingUS$6,23 billion, which equals on average US$7,12 million per ICO. In 2018, there were 1257 ICOs that raised US$7,85 billion, which comes down to an average of US$ 6,25 million. Not surprisingly, the vast majority of these ICOs were done in the first months of 2018. In the past four months of 2018, the total amount … [Read more...] about What is a Security Token Offering (STO) and Could it Replace the ICO?
Blockchain
The future of money may be blockchain. This technology is quickly changing the way we do business, and it has huge implications for organisations. Here's everything you need to know about blockchain technology.
Sidechain – The New Dimension in Blockchain World!
Security is an important issue in blockchain, and the digital world is too narrow to explore in the digital world. Prior to attacks, researchers keep on adding up new security layers over the blockchain network, and practically, it keeps on adding new scalability issues. To overcome this vulnerability, a new concept is introduced and is known as sidechain . Sidechains are a new … [Read more...] about Sidechain – The New Dimension in Blockchain World!
Why the Crypto Winter is Good for Blockchain
In April 2017, the total market cap of the cryptocurrency market was US$25 billion. Nine months later, on January 8, 2018, the market cap reached its highest point of US$813 billion. A staggering increase of 3252% in just nine months. However, one month later, as of February 6, 2018, the market cap dropped to US$308 billion. A drop of 62% in just one month. End of November … [Read more...] about Why the Crypto Winter is Good for Blockchain
How to Improve Blockchain Security
In 2014, Mt. Gox, one of the largest cryptocurrency exchanges (managing approximately 70% of all transactions in Bitcoin) had been the victim of successful hacking attempts for a period of three years, and Mt. Gox's customers lost 750,000 Bitcoins. Bitcoin lost over a third of its value when the full extent of the fraud was revealed. In 2016, Bitfinex, one of the most popular … [Read more...] about How to Improve Blockchain Security
Will Blockchain Finally Make Its Mark In 2019?
Many of the early proponents of blockchain still find themselves fending off unwarranted criticisms that the technology is worthless. While it's indisputable that blockchain is a fascinating and innovating development that's reshaped our marketplace over the past few years, it certainly hasn't yet achieved the wondrous changes that many of its backers have been predicting. With … [Read more...] about Will Blockchain Finally Make Its Mark In 2019?
What is blockchain?
Blockchain is a type of distributed ledger, or a growing list of records, called blocks, linked together using cryptography. Each block contains a timestamp and a link to the previous block. Blockchain is often used to verify and oversee transactions, such as real estate or cryptocurrency purchases or diamond trades.
Beyond this, however, blockchain technology has the potential to revolutionize many industries, but it’s still in its early stages of development. Today, blockchain technology is also used to create new applications, such as contracts and supply chain management systems.
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How does blockchain work?
At its most basic, a blockchain is a digital ledger of transactions. When someone wants to make a transaction, they broadcast it to the network, and the computers in the network verify it. Once verified, it is added to the blockchain as a block. Blocks are chained together, forming the blockchain.
This chain is distributed across the network, so everyone has a copy. Transactions are secure because the network verifies them before they are added to the blockchain. And because everyone has a copy of the blockchain, it is tough to fraudulently add or remove blocks from the chain.
Who owns blockchain?
No single entity controls the technology. Instead, blockchain is maintained by a network of computers all over the world. However, we can trace the origins of blockchain back to a single person: Satoshi Nakamoto. Nakamoto is the pseudonym used by the person or team who created the first-ever cryptocurrency, Bitcoin.
Why is blockchain important?
Blockchain is important because it is secure and tamper-proof. Transactions recorded on the blockchain cannot be changed or deleted, making it an ideal way to track financial transactions. In addition, blockchain is transparent – anyone can view the transaction history of any given address.
This transparency helps to ensure that all transactions are legitimate and that no one is trying to cheat the system. Finally, blockchain is decentralized, which means that no one person or organization controls it. This makes it resistant to manipulation and creates a level playing field for all users.
What companies use blockchain?
From start-ups to Fortune 500 firms, many businesses are incorporating blockchain into their day-to-day operations. In doing so, they are improving efficiency and transparency and opening up new opportunities for innovation.
How is the blockchain changing money and business?
A blockchain is a powerful tool because it is distributed across a network of computers, making it virtually impossible to tamper with. This makes it an ideal tool for tracking sensitive information. For example, many banks are now experimenting with using blockchain to settle international payments, which can significantly reduce transaction times and costs.
Blockchain is also being used to create an immutable record of digital assets, such as copyrights and votes. As technology continues to develop, there are endless possibilities for how it can be used to change the way we do business.