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Expert speak: The biggest disruption in blockchains and cryptocurrencies is yet to come (Part I) - e27

Published 1 year ago

Expert speak: The biggest disruption in blockchains and cryptocurrencies is yet to come (Part I) - e27

e27 via e27.co

Examples would be Bitcoin as a currency exchanged without involving a bank, or land records maintained across a network without one central repository, or a new distributed peer-to-peer data storage mechanism not relying on a specific company and its datacenters. Also Read: ICOs are putting tech media in a bind, and that’s a good thing Bitcoin is arguably the first popular application of Blockchain and plays the role of a cryptocurrency that can be a store of value and/or a medium of exchange. Ethereum, on the other hand, should be thought of as a platform that makes it easy to develop and deploy various decentralized blockchain applications. Ether is the fuel or gas required for applications developers to pay for fees and services on the Ethereum blockchain. Also Read: Bitcoin in Singapore: New Bitcoin kiosk launched, CoinHako’s Singapore bank account shuts down We do think that widespread use in transactions is still a few years away, and may happen via different coins (e.g. LiteCoin) with different computational requirements that lower the transaction fees. Separately, Blockchain applications are popping up in various places ranging from land registries in Sweden or Honduras, to cleaning up the polluted Niger delta to smart contracts for gold ownership in the 1,000-year-old British Royal Mint vault. The World Economic Forum said last year that it expects Blockchain to become the beating heart of the financial system, and identified nine use cases ranging from international payments, wire transfers, compliance reporting by banks, insurance claims processing, faster letters of credit, loan syndication, repackaging of mortgages, etc. Similarly, in Southeast Asia, we see OCBC and other central banks are experimenting with applications around remittances and cross-border payments. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

NEO—China's Ethereum—is building a smart economy on blockchain - e27

NEO—China’s Ethereum—is building a smart economy on blockchain was written by Masha Borak for Technode. Much like Ethereum, NEO uses a general purpose blockchain and runs smart contracts on it. Also R ... Read More

Bitcoin in Singapore: New Bitcoin kiosk launched, CoinHako's Singapore bank account has been shut down - e27

Singapore-based Bitcoin startup Bitcoin Exchange has launched its second Bitcoin kiosk, — this time, in Tiong Bahru Plaza, a shopping mall situated in the country’s heartlands. This is the second Bitc ... Read More

Captain's Log, September 11: China continues crypto crackdown, Visual Loft raises US$250K, - e27

The crackdown was first reported by Caixin and the news dropped just a few days after China banned the Initial Coin Offering fundraising strategy. Visual Loft is an e-commerce marketplace that helps t ... Read More

Hong Kong fintech startup TNG raises US$115M to invest in blockchain, AI, chatbots and more - e27

Hong Kong fintech startup TNG has raised US$115 million in Series A round led by New Margin Capital, a major Chinese private equity fund which has invested over US$1.7 billion in more than 160 compani ... Read More

Your ultimate guide to launching your own ICO - e27

You should allocate time for: a.) time it takes to market your plans about your product and token sale to token buyers effectively (ex. c.) time you think your token buyers will need (ability) to ple ... Read More