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Showing posts from September, 2016

Blockchain Technology - Brain behind Cryptocurrencies

  Distributed Ledger Definition  What is Distributed Ledger Technology (DLT)? A distributed ledger is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, and/or institutions. Users of Distributed Ledger Technology (DLT) significantly benefit from the efficienies and economics by creating a more robust environment for real-time and secure data sharing. Contrary to common belief, the  Bitcoin blockchain  is not the only distributed ledger, in fact, many other users of Distributed Ledger Technology use different methodologies to achieve the same consensus (e.g.  Ripple , MultiChain ,  HyperLedger Project ).   Blockchain Definition  What is Blockchain Technology? A blockchain is a type of distributed ledger, comprised of unchangable, digitally recorded data in packages called blocks . These digitally recorded "blocks" of data is stored in a linear...

The 4th Industrial Revolution - The Exponential Age.

In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide. Within just a few years, their business model disappeared and they went bankru pt. What happened to Kodak will happen in a lot of industries in the next 10 years - and most people don't see it coming. Did you think in 1998 that 3 years later you would never take pictures on paper film again? Yet digital cameras were invented in 1975. The first ones only had 10,000 pixels, but followed Moore's law. So as with all exponential technologies, it was a disappointment for a long time, before it became way superior and got mainstream in only a few short years. It will now happen with Artificial Intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs. Welcome to the 4th Industrial Revolution. Welcome to the Exponential Age. Software will disrupt most traditional industries in the next 5-10 years. Uber is just a software tool, they don't ow...

Future of Cryptocurrency

Bitcoin – the Current Standard Bitcoin is a decentralized currency that uses peer-to-peer technology, which enables all functions such as currency issuance, transaction processing and verification to be carried out collectively by the network. While this decentralization renders Bitcoin free from government manipulation or interference, the flipside is that there is no central authority to ensure that things run smoothly or to back the value of a Bitcoin. Bitcoins are created digitally through a “mining” process that requires powerful computers to solve complex algorithms and crunch numbers. They are currently created at the rate of 25 Bitcoins every 10 minutes and will be capped at 21 million, a level that is expected to be reached in 2140. These characteristics make Bitcoin fundamentally different from a fiat currency, which is backed by the full faith and credit of its government. Fiat currency issuance is a highly centralized activity supervised by a nation’s central...

Crypto-Currency Market Capitalizations - First 100.

# Name Market Cap Price Available Supply Volume (24h) % Change (24h) Price Graph (7d) 1   Bitcoin $9,608,065,489 $605.68 15,863,244 BTC $88,828,500 -2.79% 2   Ethereum $990,789,336 $11.81 83,895,522 ETH $9,417,920 -0.86% 3   Ripple $206,979,378 $0.005861 35,317,458,440 XRP  * $682,011 -0.19% 4   Litecoin $180,445,417 $3.80 47,523,029 LTC $2,778,630 -4.35% 5   Monero $134,724,482 $10.46 12,876,769 XMR $20,045,900 -13.10% 6   Ethereum Cla... $110,354,806 $1.32 83,857,510 ETC $3,496,330 -3.46% 7   Steem $90,705,344 $0.644115 140,821,661 STEEM $97,995 -10.71% 8   Dash $78,731,410 $11.69 6,734,303 DASH $716,618 2.82% 9   NEM $51,746,130 $0.005750 8,999,999,999 XEM  * $74,616 -2.23% 10   MaidSafeCoin $45,705,078 $0.100994 452,552,412 MAID  * $266,979 -4.20% 11   Factom $29,188,747 $3.33 8,753,219 FCT  * $2,246,660 13.61% 12   Lisk $24,870,700 $0.248707 100,000,000 LSK  * $269,490 -2.29% 13 ...