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Showing posts from January, 2018

Cryptocurrency - An Introduction

Cryptocurreny you can call it 21st-Century Unicorn or money of future but before discussing on previous line we should know what is Cryptocurrency? . BitCoin ATM in USA What is Cryptocurrency ? Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies. Crypto Currency are like our local currencies but not authorized by the government, and it’s not stable yet but still, millions of people use it for online shopping and sending/receiving money to others even one of popular Crypto Currency (Bitcoin) launches his ATM in the USA. From where did this concept came ? Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto , the unknown inventor of Bitcoin , the first and still most important cryptocurrency, never intended to invent a currency. In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-t...

Blockchain101

                         Anyone who has ever nodded politely at the mention of blockchain, while secretly breaking into a cold sweat and praying for a change of subject. I hear you, my friend. Here to help is a no-nonsense explanation of what blockchain means and what you might use it for. What is Blockchain ? A Blockchain is a highly secure way of recording transactions and contractual agreements. It’s a tamper-resistant, digital ledger, visible to all the individuals, companies, service providers or other parties involved in a business transaction.   Use Cases To understand it's use cases take a simple example of journey of milk from farm to consumer . The dairy farm: milking and initial storage, Processing: transportation to a dairy processor for  pasteurizing and packaging, Transportation: shipping in refrigerated trucks to retailers l...