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Cryptocurrency is hot right now and my advice is to be very attentive when investing in this industry. Cryptocurrency is used in every industry and here are some examples. Healthcare blockchain cases : Gem-With a goal to give patients control over their medical records and genomic data by using a blockchain solution, Gem has also partnered with Centers for Disease Control and Prevention to experiment with using blockchain to monitor infectious diseases.
Blockchain in retail : Blockpoint-Simplifies the creation of payment systems and allows mobile wallet, loyalty program, gift cards and other point-of-sale functionality.
Google is also reported to be working on a proprietary blockchain to support its cloud-based business. Parent company Alphabet is developing a distributed ledger that third parties will be able to use to store data, believed to be in regards to Google’s cloud services for enterprises, with a white label version for companies also in the works.|Ukraine holds the honor of becoming the first nation to use blockchain to facilitate a property deal. A property in Kiev was sold by prominent cryptocurrency advocate and TechCrunch founder Michael Arrington. The deal was enabled with the aid of smart contracts on the Ethereum blockchain, and is intended to be the first of many completed by Propy, a startup specializing in blockchain-based real estate deals. Read extra details at cryptocurrency market news.
Most people know that cryptocurrencies such as Bitcoin use blockchain technology, but what exactly is blockchain? If you imagine Bitcoin as a car, then blockchain would be the combustion engine; i.e. blockchain is the underlying technology that drives the system.
Over recent years, blockchain technology has generated significant excitement within many industries and fields. This is largely because it has the potential to dramatically change the way in which information or data is stored and used, enhancing transparency and security, while also improving transactions. Here, we take a more detailed look at the various ways in which blockchain is being used, or is likely to be used, within the travel industry. Over the past decade, the Internet and software have made the transaction of money practical. You can easily shop online and trade securities. But transferred financial assets go through correspondent banks, archaic systems linking clearing houses, and central depositories. Sometimes it takes many days for the funds to reach an account or purse to settle. Not only are these systems slow, but they are expensive and unsafe. Blockchain development is addressing this problem by restructuring fundamental business transactions, including money market transactions, and introducing new forms of digital interaction.
Here are some terms explained : Airdrop: A marketing campaign that distributes a specific cryptocurrency or token to an audience. It is usually initiated by the creator of a cryptocurrency in order to encourage use and build popularity of the coin or token. Most airdrop campaigns run with mechanics such as receiving coins or tokens in exchange for simple tasks like sharing news, referring friends, or downloading an app.
Block Reward: An incentive for a miner who successfully calculates a valid hash in a block during mining. By contributing to the security and liveness of the chain, the miner is rewarded with this incentive, ensuring that miners continue to act in the best interest of the blockchain by legitimately taking part in the process (instead of hacking it).
Confirmations: A transaction is only confirmed when it is included in a block on the blockchain, at which point it has one confirmation. Each additional block is another confirmation. Different exchanges require a different number of confirmations to consider a cryptocurrency transaction final.
And the latest crypto news : Chinese cryptocurrency mining giant Bitmain is revisiting plans for an initial public offering (IPO,) Bloomberg reported on June 21. The company had filed to list an IPO on the Hong Kong Stock Exchange, but the application expired on March 26. Now, Bitmain is reportedly planning to file listing documents with the United States Security and Exchange Commission, potentially paving the way for a share sale to take place later this year. While the company was hoping to raise $3 billion from its planned Hong Kong IPO, the Bloomberg report suggested that this fundraising target will be reduced to between $300 million and $500 million if it lists in the U.S. See extra info on US-China trade war’s impact on Bitcoin