The benefits of implementing cryptocurrencies are somewhat dubious. Conversely, people have been arguing in favour of the technology that underpins them – the blockchain. The blockchain is a medium where actions can be automated and executed with verity and without flaws without needing human supervision.
The fact you don’t need operators to man any of the operations that transpire on the blockchain leads to a significant cost reduction, but it also entails productivity and generally boosts the system to which blockchain is applied.
However, this is a bit of a stretch at present days. While blockchain is touted for its many advantages, it’s still not quite clear what is [...]
With June nearly gone, we are here to clue you up on what has transpired in the last week. Things haven’t been as fraught for cryptocurrency as they usually are, but still a few occurrences are well worthy of your attention. Now, let’s focus on what has transpired in the world of cryptocurrencies, blockchain, and governing bodies. No more raucuous, you lot. Let’s jump straight to it.
Monday, June 11
It’s Monday and perhaps not as many people are as lucky as you are going to work. Yes, working in the world of crypto is a blessing, and Monday is the best day to start counting. What happened at the beginning of this week, though?
Monday was not a particularly [...]
3Bitcoin is not exactly what you would use to purchase your groceries. But there is a growing movement that actually wants to turn the cryptocurrency in just that. If you want to accept Bitcoin and other cryptocurrencies in your retail outlet, this is quite possible. But apart from that, you can run an online store and still be very much on point when deciding to take customers bitcoin assets. It’s a viable way of trading goods and you can still cash out big on your bitcoin as its value changes constantly. Conversely, you may lose a bit, but it certainly mostly depends on what filed you are operating.
We joked that you may not shop around for goodies with bitcoin, but then [...]
It has definitely been a rough ride for cryptocurrencies in 2018, and Bitcoin in particular. The controversy really started in 2017 when South Korean and Japanese crypto exchanges were assaulted, and hackers managed to hightail it with a fair bit of crypto assets. It wasn’t long before it was reported that Bitcoin is, in fact, a sweetheart to criminals from all over the world. A report has pointed out that the Bitcoin’s price was high for one specific reason – criminals used it to do their dirty deeds.
Of course, it stands to reason that when faced with a currency which bestows complete anonymity on its owner, it would be unwise to make it accessible to all and sundry. Some of [...]
