Cryptocurrencies and Blockchain. Should they go their separate Ways ?

2018-8-2 13:04

To many lay persons and crypto newbies, cryptocurrencies are these exciting new digital assets that can make you a couple of extra bucks overnight. The excitement cryptocurrencies have brought to the world of finance has given them the spotlight so much that, many investors don’t get the chance to know the whole journey. Cryptos are what they are today because of their underpinning unique technology, the Blockchain.

Back when Bitcoin was the main and only blockchain, there wasn’t quite a bit of difference between the terms and were used interchangeably. However, with time, the technology developed and led to the emergence of a variety of blockchains, widening it initial use from the monetary angle to a whole lot of fresh and great ideas.

Cryptocurrencies and the blockchain technology are two different things now and many firms and tech geeks have subjected the technology to experiment with ideas because of its decentralized feature.

The blockchain is now the system which brings cryptocurrencies to play. The technology now basically serves as the distributed ledger that forms the crypto network and this network makes it possible for transactions to be done as well as the transfer of data, information, and value.

The newly found uses of the blockchain technology have now compelled many skeptics to wonder why the technology is still being associated with Bitcoin and other cryptocurrencies. Many believe that Blockchain could be of more useful purposes than just securing cryptocurrencies, which to them, are still a bubble that will soon burst.

However, whatever way cryptocurrencies turns out, whether they are a gigantic bubble or destined for greatness, its underlying blockchain technology is obviously of great value.

Blockchain makes it possible for the exchange of anything of digital value across a completely decentralized network, and at the same time providing anonymity for each participant.

The worry of Interference from any third party is also dealt with, making exchanges and transactions as safe and secure as they could be. Its strong components, including decentralization, consensus, cryptographic hashes, and smart contracts amongst others are what is being demonstrated by the biggest digital coins in the market.

Blockchain also empowers end to end data encryption without any transaction verification from a third party or source, topping it up with the maximum security it could ever wish for.

The hard truth is that experts do not know whether Cryptos may or may not be around for a long time but its underlying technology will still be and has already proven itself useful in other sectors apart from cryptocurrencies.

The blockchain technology could really be the next-generation platform and could be of immense importance to logistics, healthcare, government, and many others. Companies and firms can now move past the fear of operating in a no-trust environment to that of absolute trust.

Many experts aren’t rooting for cryptos and blockchains to go their separate ways, however, the many importance attached to the blockchain technology shouldn’t be overlooked due to the love for cryptos.

The post Cryptocurrencies and Blockchain. Should they go their separate Ways ? appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 1.7221 (-100%)

cryptocurrencies many ways should blockchain separate don

cryptocurrencies many → Результатов: 126


Is Now a Good Time to Buy Bitcoin, Ethereum, and Other Cryptocurrencies?

Bitcoin, Ethereum, and other cryptocurrencies have gained tremendous popularity over the years, becoming an alternative investment option for many people. Despite the volatility these assets have endured in recent months, their value has continued to rise, especially since the year 2023, leading many experts to believe that now is an excellent time to buy. First, […]

2023-5-9 11:13


Cryptocurrency and Africa. The Journey So Far

Cryptocurrencies are making so much waves in Europe, Asia and Central American that there is little attention being brought to other places with potentials of creating huge markets for them. The second largest and second most populous continent, Africa, is embracing the technology as an approach to the many problems countries in that continent are […] The post Cryptocurrency and Africa. The Journey So Far appeared first on ZyCrypto.

2018-8-2 21:50


StatX takes on Telegram with Unique Mobile App for the Crypto and Blockchain Ecosystem. Decred, Zcoin and other top Companies Already Onboard

Bitcoin Press release: Leading cryptocurrencies Decred, Zcoin and others choose StatX to share information and messaging. July 31st, Santa Clara, California, USA – Delivering high-quality data and building crypto community engagement is viewed as mission-critical to blockchain company brand perception and value.

2018-8-2 19:48


Coinlogix: Profitable Cryptocurrency Mining Solution Investor Plans?

Ever considered mining cryptocurrencies for a living? Having a hard time understanding what the procedures entail? As the blockchain industry gradually takes shape – with more and more companies relying on the technology to resolve current industry concerns – it comes of no surprise that many would want to contribute to its development. This is […]

2018-7-30 17:15


Фото:

Five Steps to Building Your Cryptocurrency Community

It’s interesting to see that throughout the history of cryptocurrencies, every successful project has a strong, supportive, and encouraging community backing the project’s vision and mission. While there are many factors to take into account like the quality of the product, the development roadmap, and going-to-market, building out a motivated community, is one of the best investments for a cryptocurrency.

2018-7-25 23:00


Фото:

HSBC Tentatively Discusses Cases For Using Blockchains And Cryptocurrencies

Cryptocurrency is not only dividing politicians across the globe, but is also dividing the financial and banking industries. While many are distancing themselves from investigating and investing in cryptocurrency and the wallets associated with holding coins, several are discussing the potential future possibilities that they could provide.

2018-7-22 23:00


Фото:

Asset Managers Look to Cryptocurrencies for Investment Opportunities

News that BlackRock, the world’s biggest asset manager is reviewing the cryptocurrency industry has opened up opportunities for many investors and ICOs.    In healthcare technology, Curaizon – a pioneer of medicine adherence technologies is currently running its CuraToken (CTKN) sale to further develop and enhance its unique offering to national health services around the world.

2018-7-21 05:00