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Showing posts with the label Blockchain Technology

Crypto Markets Rally, With Bitcoin Pushing $7K, Ethereum Close to $500

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By Marie Huillet The crypto markets are on a strong upswing today, July 8, as data from  Coin360  shows, with with  Bitcoin  (BTC) pushing the $7,000 price point. Virtually all of the top 100 coins by market cap are green on the day to press time. The markets have seen just over a week of solid  consolidation  of gains first claimed in their late June  rebound , and today appear to be pushing even higher resistance levels. Market visualization from  Coin360 Bitcoin is trading around  $6,752  to press time, up 3 percent over the 24-hour period, bringing its weekly gains to a solid 6-7 percent. The top cryptocurrency gained over $230 in value in the space of a little over one hour this afternoon, seeing a sharp 3.5 percent gain, before trading sideways for the rest of the day. Bitcoin price chart. Source: Cointelegraph  Bitcoin Price Index Top altcoin  Ethereum  (ETH) is trading around  $489  to p...

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An Introduction to the Blockchain Technology for the Beginners

By  Arnabesh Ray   These days, technology is scaling newer heights of success at an unbelievably fast pace. One of the latest triumphs in this direction is the evolution of the Blockchain technology. The new technology has greatly influenced the finance sector. In fact, it was initially developed for Bitcoin - the digital currency. But now, it finds its application in a number of other things as well. Coming across this far was probably easy. But, one is yet to know what is Blockchain? A distributed database Imagine an electronic spreadsheet, which is copied umpteen number of times across a computer network. Now, imagine the computer network is designed so smartly that it regularly updates the spreadsheet on its own. This is a broad overview of the Blockchain. Blockchain holds information as a shared database. Moreover, this database gets reconciled continuously. This approach has its own benefits. It does not allow the database to be stored at any single location. Th...