The rise of Decentralized Finance ( DEFI ) has been a phenomenon that is hard to ignore. It might be that a glimpse of the promised freedom from the banking structure has finally been spotted in the wild. With interest rates and potential yields in the banking system looking more and more depressing, it wasn’t …
Bitcoin is a digital currency that functions free of any central administration or the oversight of banks or governments. Rather, it depends on peer-to-peer software and cryptography. A public ledger is established to records all bitcoin transactions and copies are held on various servers throughout the globe. Anyone with an extra computer can set up …
In our last article we talked about the pros of using Cryptocurrency in today’s ever changing world. But what about the downside of using Cryptocurrency? Read below to find out the pitfalls of Cryptocurrency. Business Risk Loss of confidence in digital currencies: the nascent nature of the currencies is subject to a high degree of …
Now that we’ve gone over the basics of what Cryptocurrency is, let’s go over some of the advantages to using this new type of currency. Easy transactions When you are doing business or dealing with brokers or legal representatives, there is a lot of transaction fees that you must pay for every transaction. On top …
Cryptocurrency may be a digital or virtual currency that is secured by cryptography, which makes it nearly insuperable to phoney or double-spend. Multiple cryptocurrencies are decentralized networks supported by blockchain technology — a distributed reckoning applied by a distinguishable network of computers. A defining mark of cryptocurrencies is that they’re generally not issued by any …
Blockchain seems complicated, and it clearly is hourly, but its core notion is actually like simple. A blockchain is a type of database. To be ready to understand blockchain helps to first understand what a database actually is. A database may be a collection of data that are stored electronically on a computing system. Information, …
