Are the professionals in the cryptocurrency and blockchain<\/a> industry as well versed in the technology as we would like them to be?<\/span><\/p>\n
The blockchain revolution is known as the Internet 2.0 for a reason<\/b><\/p>\n
How will a career in blockchain technology benefit people?<\/b><\/p>\n
What do you focus on as an aspirant of the blockchain field?<\/b><\/p>\n
Public blockchain networks like Verge and STEEM consist of cryptocurrencies<\/a>, ICO\u2019s and other services that are open for general use. <\/span><\/p>\n
What skills do you need to develop to enter the field?<\/b><\/p>\n
Computer science is the basic skill for this industry; programming, understanding the logic of blockchain technology<\/a> and cryptocurrencies, mastering different computer languages like C++, Python, C#, etc and a basic understanding of web development skills in HTML, NodeJS, MongoDB and CSS are paramount. <\/span><\/p>\n
Some experts believe that ring signatures provide unparalleled privacy to the users of a network. Ring signatures are a branch of cryptography that has very similar features to the encryption process of cryptocurrency<\/a> platforms. Recently, cryptocurrency firms that place privacy on a pedestal turned to ring signatures to elevate their currencies to higher levels of confidentiality.<\/span><\/p>\n
A brief history of ring signatures<\/b><\/p>\n
Defining a ring signature - What is it?<\/b><\/p>\n
So, what are the loop-holes in the ring signature algorithm?<\/b><\/p>\n
How cryptocurrencies benefit from the ring signature<\/b><\/p>\n
Cryptocurrencies<\/a> today have combated this drawback by creating linkable anonymity; the message or transaction from a sender can be verified without disclosing the identity of the sender. However, if the same sender or the same message is double-spent (for lack of a better term), the message or transaction is immediately nullified, all the while protecting the identity of the sender.<\/span><\/p>\n
The Blockchain Promise<\/b><\/p>\n
What is the Blockchain?<\/b><\/p>\n
The Growth of Blockchain Platforms<\/b><\/p>\n
Additionally, according to Mougayar, we should not be surprised that blockchain technology is evolving so rapidly, as compared to the internet that took many years to evolve to its current applications and functionalities. This is primarily because the blockchain network builds upon the existing framework of the internet, and its users, cellphone users, website owners, and any objects that we use in daily life that can be modified to be smarter versions of themselves (the IoT). Since blockchain platforms already tap into these well-developed user networks, its growth is exponentially faster than the internets\u2019. <\/span><\/p>\n
Mougayar also delves into business aspects of blockchain platforms, and the twelve features every blockchain platform should have. Some of these aspects include:<\/span><\/p>\n
These features are something that every blockchain platform product must have from a development perspective in order to create a valuable platform that will deliver on the blockchain promise. Through his book, Mougayar delivers facts and compelling viewpoints about how business and blockchain should merge and interact with each other. A 4.5\/5, The Business Blockchain is a must read for any crypto and blockchain enthusiast - novice or experienced. <\/span><\/p>\n
Fintechcryptonews.com<\/span><\/i><\/a> is an online publication that covers news and reports from the blockchain, fintech, and cryptocurrency industry. Subscribe to receive daily updates.<\/span><\/i><\/p>\n","excerpt":"
There is a third option now; get yourself a digital wallet. <\/span><\/span><\/span><\/p>\n
What are digital wallets?<\/b><\/span><\/span><\/span><\/p>\n
What do you think is the most effective security measure?<\/i><\/span><\/span><\/span><\/p>\n
\u00a0<\/span><\/p>\n","excerpt":"
Every crypto-enthusiast knows this:<\/b><\/p>\n
The reason for worry?<\/b><\/p>\n
With the increasing value of cryptocurrencies, the competition to unlock a block is multiplying, thus leading to excessive energy consumption. The average number of calculations required to unlock a unit of currency is also increasingly complicated as the number of currencies grows. The energy consumed for crypto mining is increasing by <\/span>20 percent <\/b>monthly<\/i><\/b>. <\/span><\/i><\/p>\n
A relatively new and greener method called proof-of-stake<\/b><\/p>\n
At its core, proof-of-stake tries to reduce the competition and massive energy exhaustion involved in the generation of a new crypto unit. What happens in a proof-of-stake method?<\/span><\/p>\n
How proof-of-work cryptocurrencies are trying to go green:<\/b><\/p>\n
Bitcoin is an example of proof-of-work mining. Miners are setting up camp in areas where energy is cheaper and cooling costs are lower; Canada, Iceland, Norway, China, etc. Bitcoin also has a bounty program that rewards anyone who can find the cheapest energy in the world.<\/span><\/p>\n
These cryptos are trying to use renewable energy for mining; hydroelectricity, solar power, geothermal, etc. <\/span><\/p>\n
How effective do you think such steps are in the long run? <\/span><\/p>\n
The proof-of-stake method still ranks way higher on the list of energy efficiency. Do you agree?<\/span><\/p>\n","excerpt":"
Ignorance is bliss; however, people notice when the bliss starts exponentially consuming the planet\u2019s resources. Today, let\u2019s open the can of worms and sort through the growing concern of extensive energy consumption involved in cryptocurrency mining and what\u2019s being done to make the good-will currency greener. In the growing anticipation of a decentralized currency, many […]<\/p>\n","date":"2018-08-03 10:57:59","modified":"2018-08-03 11:20:06","categories":[{"id":8,"slug":"cryptocurrency","title":"CRYPTOCURRENCY","description":"","parent":0,"post_count":76}],"tags":[],"author":{"id":1,"slug":"bitcoin","name":"Fintech Crypto News","first_name":"Fintech Crypto News","last_name":"","nickname":"Fintech Crypto News","url":"","description":"Fintech Crypto News is a platform which provides the updates about Cryptocurrency, ICO, Bitcoin, and Blockchain Technology bringing you the latest news and analysis of the future of money."},"comments":[],"attachments":[{"id":26723,"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake.jpg","slug":"stake","title":"stake","description":"","caption":"","parent":26722,"mime_type":"image\/jpeg","images":{"full":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake.jpg","width":1000,"height":700},"thumbnail":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-150x150.jpg","width":150,"height":150},"medium":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-300x210.jpg","width":300,"height":210},"medium_large":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-768x538.jpg","width":768,"height":538},"large":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake.jpg","width":1000,"height":700},"et-builder-post-main-image":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-400x250.jpg","width":400,"height":250},"et-builder-post-main-image-fullwidth":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-1000x675.jpg","width":1000,"height":675},"et-builder-portfolio-image":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-400x284.jpg","width":400,"height":284},"et-builder-portfolio-image-single":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake.jpg","width":1000,"height":700},"et-builder-gallery-image-portrait":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-400x516.jpg","width":400,"height":516},"extra-image-huge":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake.jpg","width":1000,"height":700},"extra-image-single-post":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-1000x640.jpg","width":1000,"height":640},"extra-image-medium":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-627x376.jpg","width":627,"height":376},"extra-image-small":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-440x264.jpg","width":440,"height":264},"extra-image-square-medium":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-440x440.jpg","width":440,"height":440},"extra-image-square-small":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-150x150.jpg","width":150,"height":150}}}],"comment_count":0,"comment_status":"open","thumbnail":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-150x150.jpg","custom_fields":{"snap_MYURL":[""],"snapEdIT":["1"]},"thumbnail_size":"thumbnail","thumbnail_images":{"full":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake.jpg","width":1000,"height":700},"thumbnail":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-150x150.jpg","width":150,"height":150},"medium":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-300x210.jpg","width":300,"height":210},"medium_large":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-768x538.jpg","width":768,"height":538},"large":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake.jpg","width":1000,"height":700},"et-builder-post-main-image":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-400x250.jpg","width":400,"height":250},"et-builder-post-main-image-fullwidth":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-1000x675.jpg","width":1000,"height":675},"et-builder-portfolio-image":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-400x284.jpg","width":400,"height":284},"et-builder-portfolio-image-single":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake.jpg","width":1000,"height":700},"et-builder-gallery-image-portrait":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-400x516.jpg","width":400,"height":516},"extra-image-huge":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake.jpg","width":1000,"height":700},"extra-image-single-post":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-1000x640.jpg","width":1000,"height":640},"extra-image-medium":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-627x376.jpg","width":627,"height":376},"extra-image-small":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-440x264.jpg","width":440,"height":264},"extra-image-square-medium":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-440x440.jpg","width":440,"height":440},"extra-image-square-small":{"url":"http:\/\/www.fintechcryptonews.com\/wp-content\/uploads\/2018\/08\/stake-150x150.jpg","width":150,"height":150}},"taxonomy_et_post_format":[]},{"id":26717,"type":"post","slug":"privacy-settings-are-we-really-okay-with-the-current-standards-or-will-blockchain-tech-save-the-day","url":"http:\/\/www.fintechcryptonews.com\/privacy-settings-are-we-really-okay-with-the-current-standards-or-will-blockchain-tech-save-the-day\/","status":"publish","title":"Privacy Settings; Are we really okay with the current standards or will blockchain tech save the day?","title_plain":"Privacy Settings; Are we really okay with the current standards or will blockchain tech save the day?","content":"
In the early days of marketing communications and IoT, the public exulted in what seemed to be high-tech personalization and integrated controls. When did the excitement begin to ebb? Was it Facebook\u2019s Cambridge Analytica data privacy scandal? Or Target\u2019s credit card data breach? Unfortunately, the public\u2019s eyes were opened much before the scandals, only, they were powerless.<\/span><\/p>\n
People\u2019s web searches prompt marketing software to display related ads; do the following look familiar?<\/span><\/p>\n
It\u2019s true that we are getting what we want and have better, more focused choices, but at what cost? Personal information is being shared to marketing firms and intrusive ads without the public\u2019s consent and many people receive baffling calls from telemarketers selling them house loans or mortgage plans and more for no reason.<\/span><\/p>\n
While the telemarketing schemes may seem more annoying than harmful, something people are resigned to endure for ultimately free services, there is a darker, more sinister side to data breaches. <\/span><\/p>\n
From IoT data breaches, consumers are hit with DDoS or Distributed Denial of Service attacks from IoT botnets costing them large-scale losses, devices infected with Mirai malware or similar viruses, or the security breach of a connected pool of unsafe devices. Credit card information leaks cost millions of dollars to both consumers and financial institutions. <\/span><\/p>\n
Marketing scandals are common, too. When we sign-up for free membership providing bank details in return for access to the site or service, we are signing up for our own doom. Not only does the website now have highly classified bank details, but they also utilize the details to drain people\u2019s accounts with negligible notifications. <\/span><\/p>\n
In the end, people are discovering that they have no control over their personal information; one website or another will end up sharing the data. The only other option seems to be to disconnect from technology and live under a rock.<\/span><\/p>\n
It was around this period of despair that blockchain technology hit the market. Blockchain<\/a> technology is transparent, distributed online ledger that can curb all these schemes at their roots. Since all activities on the network are recorded, any member on the network can bear witness to transactions on the network and protect one another. The consensus-based technology seems to be the solution for it all.<\/span><\/p>\n
The Winklevoss twins have filed a petition with the SEC that suggested the creation of an electronically traded Bitcoin<\/a> fund. The twins had argued previously that such a fund would open up cryptocurrency trading to the mainstream population. <\/span><\/p>\n
\u201c<\/span>Bitcoin<\/a> is now over $8,300. This is an average gain of $100 per day, every day, for the last 30 days. Tell me the bull market is not coming. It would be a lie.<\/span><\/i>\u201d<\/span><\/p>\n
Entry of Institutional Investors<\/b><\/p>\n
Regulatory Legitimization<\/b><\/p>\n
Increasing Adoption<\/strong><\/p>\n
Where are we headed?<\/b><\/p>\n
Provisions in the national legislation of Costa Rica lets companies pay their employees in fiat money and\/or with other goods; legal experts say that cryptocurrencies<\/a> fit into the category of \u2018other goods\u2019. The law also allows for commonly accepted assets as a payment method. <\/span><\/p>\n
While an overnight rise of Bitcoin\u2019s value to $20,000 is improbable, the market did see a growth of 4 percent since the news that the asset-management firm, BlackRock<\/a>, has a new working group to look into the cryptocurrency industry (<\/span>Read the story about the market-rise due to BlackRock\u2019s involvement<\/span><\/a>). <\/span><\/p>\n