Bitcoin’s price is measured against fiat currency, such as American Dollars (BTCUSD), Chinese Yuan (BTCCNY) or Euro (BTCEUR). Bitcoin therefore appears superficially similar to any symbol traded on foreign exchange markets. Unlike fiat currencies however, there is no official Bitcoin price; only various averages based on price feeds from global exchanges. Bitcoin Average and CoinDesk […]
Self-awareness is bliss, in life and in business. Part therapy, part philosophy, it is a psychological state of mind that carries with it several benefits. For one, the more you know about yourself, the better you are at adapting to changes. The blockchain is no different. Left to its own devices, the blockchain space has […]
Bitcoin, the giant in the world of cryptocurrency, continues to defy all expectations of an early demise and rises higher and higher in value and use. Its adoption as everyday money, however, remains negligent among the common people, almost eight years after the digital currency first emerged. While the title of “ the first cryptocurrency” […]
If you are reading this, there’s a good chance you are living in a “blockchain bubble”. You’re tech savvy, an early adopter and a forward thinker. Odds are, you know a lot of people like yourself. And, by now, you’ve realized that most people – at least when it comes to technology – aren’t like […]
If 2015 was the year when many first heard about blockchain, 2016 was the year when many pretended to understand what it was – it was just too embarrassing to admit ignorance of a term that had become such a buzzword. After all, everyone else seemed to know what it was. “It’s a distributed ledger!” […]
According to a recent report from Gartner, blockchain is currently at the peak of a hype cycle. At NRI, we have witnessed how this technology is misunderstood, and how it is at times either overestimated or underestimated. We have seen this during our continued investigative research on blockchain technology in the Japanese domestic securities field […]
Why do you think the blockchain will revolutionize our world? Alex:-The original of the Internet was an awesome apparatus for conveying, teaming up and associating on the web, yet it was not perfect for business. When you send and share data on the Internet, you’re not sending a unique but rather a duplicate. That is […]
Blockchain Applications in Money Cryptographic digital currencies allow for a new system of robust, transparent, and efficient monetary management. From a technology perspective, existing monetary systems require paper-based cash or utilizing a private third party service (e.g. Visa, American Express) to send money far distances. From an economic perspective, holders of government issued currencies (e.g. United States Dollar, […]
While Bitcoin has received the lion’s share of attention since its conception, recently the Blockchain — the distributed public database used to record Bitcoin transactions — has just begun entering the spotlight for enabling some important capabilities outside of Bitcoin. “It’s my belief that Blockchain technology will be as important to the world as Gutenburg’s […]
Before we explain what the LN (Lightning Network) is we need to understand why it’s needed and why it was created in the first place. The whole point of the Lightning Network is to help Bitcoin’s scalabilty problem by essentially bundling micro-payments into a single transaction. An example of bitcoin micropayments which are being used […]