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Showing posts with the label blockchain

Blockchain is not what you think (And What it Really is!)

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New Solution to Old Problems or Solution to Problems that do not exist? Source:  https://kryptomoney.com/blockchain-tehnology-without-cryptocurrencies/ If you have a bit of exposure to technology, then I'm sure “Blockchain” is a term, heard or read somewhere. If not “Blockchain” then of course  “Bitcoin”. It's pretty much popular in daily newspapers for the fraud feature. Giving a layman overview, bitcoin is a digital currency (cryptocurrency for the geeks!), it's virtual, generated and transferred digitally (yes, through computers and mobiles!). Bitcoin is just one of the 5078 cryptocurrencies (click on the link to make sure!). Moving over to the primary ingredient of our post, “Blockchain” is introduced as the technology behind cryptocurrency. For 'how', 'what', 'when', keep reading!!! Pro Tip: Wondering about the fluctuations in Bitcoin price? Get your thoughts sorted here:  https://digitattle.blogspot.com/2019/04/the-mystificat...

Blockchain Technology — A Catalyst for Small Firms

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Blockchain Technology is no longer jargon. So, let’s skip the monotonous definition and move forward to a more important aspect. (In case you need a formal introduction to Blockchain, I would request you to go through this post before reading forward:  Blockchain is not what you think (And what it really is!) ) If you have been thinking blockchain has one application called cryptocurrency, then correct yourself! It is neither restricted to cryptocurrency nor big firms! Smaller firms can widen their span by implementing blockchain. Thinking how? Read on… Here are some advantages or applications of blockchain technology for smaller firms: (Note: The initial cost turns out to be high but once all in place yields significant benefits!) Smart Contract: Tired of disputes with manufacturer/distributor? Try hands-on smart contract. It is a computer-generated contract where a transaction executes only when the defined conditions are fulfilled . Get more Inve...

The Mystification revolving around Bitcoin Price simplified

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Bitcoin needs no formal introduction these days. The world at large apprehends this virtual currency irrespective of their age and profession. So, saving some lines in this post by not explaining what bitcoin is! Just at the moment, you are in the know about bitcoin, the very next thing that hits your mind is “Bitcoin Price”. It has always been a matter of concern for investors. A price that touches almost $20k mark from zero and then down to $3k surely intrigues the populace. Source: Photo by Dmitry Moraine on Unsplash Bitcoin and other cryptocurrencies were at the center point of attraction in December 2017. This is because the ones who had bought bitcoin at lower prices turned into millionaires overnight! We can mark this particular time period as a milestone in the history of bitcoin. So, obviously, this price hike made people attentive towards bitcoin (even those who were not aware of it!). Then came a mass buying phase which dropped the price of bitcoin to an...