Information in the hands of a few has existed for a very long time. But in society today, this has corrosive effects, gravitates towards inequality, begins to be unacceptable, and leads to corruption. The blockchain technology allows the decentralization of information, as a consequence, the power is atomized in all users of the system, so … Read more →
1. Risks Forking A fork is what happens when a blockchain diverges into two potential paths forward — either with regard to a network’s transaction history or a new rule in deciding what makes a transaction valid. Some forks resolve on their own, but others, fueled by deep rifts in a community, can cause a … Read more →
Recently revealed reports show that some of the richest figures are heavily investing in cryptocurrency. These include names like Richard Branson and Li Ka Shing. While the success depends on a number of aspects, it is hard to deny that cryptocurrency has rapidly become a popular form of currency all around the world. Many analysts … Read more →
Blockchain, the technology that entered the market as the backbone of cryptocurrencies like Bitcoin, is now eking out space in a wide range of industries and fields. The technology is gradually disrupting different business verticals, such as Finance, Supply Chain, Healthcare, Real Estate, Media, Entertainment, Government, etc. Blockchain technology is not just adding value to … Read more →
Blockchain and cryptocurrency has become more and more mainstream in recent years and we can also feel the interest is rising. Therefor we have decided to create a new category here on TechPatio, called Cryptocurrency. In this new category we will blog about crypto related things, including blockchain, Bitcoin, altcoins etc. Guest authors are of … Read more →
It’s hard not to hear about Bitcoin – the cryptocurrency has been grabbing international headlines for the past six months. Price surges have seen early investors reap serious rewards, causing a flood of money into the market. But many people still have one question: What is Bitcoin? In essence, Bitcoin is an exchangeable digital currency … Read more →
Every beginning trader prefers to invest in top 5 – 10 cryptocurrencies. The more globally widespread a currency is, the higher its liquidity and the lower its volatility. Nevertheless, there are quite a few altcoins whose target audience is deliberately limited. These are cryptocurrencies with regional branding created to solve specific local tasks. Even now … Read more →
You’ve probably already heard of various cryptocurrency exchanges & wallets being hacked, user funds being stolen and so on. However, have you ever heard of crypto jacking? Well, it’s time you do. It’s a term only recently coined implying the stealing of computational power to mine cryptocurrencies. What happens is, the user visits an infected … Read more →
A bubble happens when people expect too much of the future value of an asset. In the case of bitcoin, its value has greatly inflated over the years, from less than a dollar in 2009 to more than $8,000 today. But how does the bitcoin bubble affect other industries? Truth is, it affects all major … Read more →
The rapid rise and growth of cryptocurrencies in 2017 has prompted governments around the world to take a closer look at cryptocurrencies as well as the blockchain technology which provides the backend for this revolutionary form of digital currency. Governments across the world have certain rules and regulations put in place to control transactions occurring … Read more →