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Blockchain

Latest Blockchain News Today

What is Blockchain?

Blockchain technology had its public debut in 2008, when Satoshi Nakamoto, whose actual identity is still unknown, published the whitepaper Bitcoin. A Peer-to-Peer Electronic Payment System, which detailed a purely peer-to-peer form of electronic cash known as Bitcoin.

Blockchain, the technology that powers Bitcoin, has evolved over the last decade into one of today’s most groundbreaking technologies, with the potential to disrupt industries ranging from finance to manufacturing to education.

History

In 2009, shortly after Nakamoto’s whitepaper was published, Bitcoin was made available to the open-source community. Blockchain has become the answer to digital trust because it stores essential information in a public area and does not enable anybody to delete it. In addition, it’s decentralized, transparent, and time-stamped.

In 2014, blockchain technology decoupled the currency, and it investigated its potential for other financial and inter-organizational transactions. The term “blockchain 2.0” is used to refer to uses other than money. For example, the Ethereum blockchain technology incorporates computer programs that represent financial products such as bonds into the blocks.

Working

Blockchain is, at its heart, an open, decentralized ledger that permanently records transactions between two parties without the requirement for third-party authentication. As a result, it results in a very efficient procedure that, according to experts, will significantly cut transaction costs.

When entrepreneurs saw the potential of blockchain, they poured money into research to explore how it may affect supply chains, healthcare, insurance, transportation, voting, contract administration, and other areas. Currently, almost 15% of financial organizations use blockchain technology. Today, blockchain technology is considered one of the safest means of transaction, and it is one of the reasons for its immense popularity all around the globe.

Australia emerging as the blockchain superpower

Labrys is a blockchain technology firm situated in Brisbane, Australia, quickly becoming a hub for blockchain expertise in the Asia-Pacific area. The firm works with customers from all around the world in a variety of sectors. Large corporations seek advice on making the most of this rapidly evolving technology to create new commercial value or organizational capabilities.

Feeny, the founder, and CEO of Labrys, said they’d seen the more significant benefits of blockchain technology since it started as a ledger for digital money. So regardless of whether crypto markets are bullish or bearish, the underlying technology’s potential has always piqued our curiosity at Labrys.

Blockchain is becoming more popular, attracting interest from the general public and the fintech and finance industries. The explosive popularity of NFTs and cryptocurrencies is one reason since public knowledge and comprehension of these technologies boost engagement with the larger blockchain ecosystem.

Because this is a relatively new technology that is continuously changing, familiarity is necessary, which may soon turn into a desire to interact. As a result, demand for development services is growing, according to Feeny, because the innovation of any type is high on the corporate agenda, especially in the aftermath of Covid’s challenges to global economies. With such a massive following of this technology, analysts think that Australia will emerge out of it as the blockchain giant.

Read Latest Blockchain News Today

Blockchain

Blockchain Hackers Stole Nearly Half a Billion in Q3 2022

October 25, 2022 John 0

Even though the cryptocurrency market is in a deep slump, cybercriminals are still actively hacking blockchain technologies or launching scams. According to the data analyzed by the Atlas VPN team, blockchain hackers stole $478 million […]

Blockchain

Hexens, a Blockchain Security Firm, Has Raised $4.2 million in Seed Funding Led By IOSG Ventures

October 25, 2022 John 0

A $4.2 million seed round, headed by IOSG Ventures, a top Web3 Venture Capital, has closed for Hexens, a cybersecurity boutique and blockchain startup. With this funding, Hexens is ready to expand its cybersecurity service coverage, […]

Blockchain

Samsung taps blockchain technology to secure user devices

October 24, 2022 John 0

Tech giant Samsung has turned to blockchain technology as an added layer of security for consumer electronics and personal smart devices. Known as Knox Matrix, the new network will operate as its “own private blockchain […]

Blockchain

Ascend launches ReDefyne™ recycled materials; partners with ITW on blockchain traceability

October 24, 2022 John 0

HOUSTON, Oct. 19, 2022 /PRNewswire/ — Ascend Performance Materials has launched ReDefyne™, a portfolio of sustainable polyamides created with up to 100% pre- and post-consumer recycled polyamide 66 or 6 to provide a low carbon […]

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Ethereum

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REAL TIME UPDATE

Name Price
bitcoin
Bitcoin (BTC)
$31,351.00
ethereum
Ethereum (ETH)
$1,938.40
cardano
Cardano (ADA)
$0.62
ripple
XRP (XRP)
$0.409542
litecoin
Litecoin (LTC)
$67.15
bitcoin-cash
Bitcoin Cash (BCH)
$192.50
monero
Monero (XMR)
$193.96
iota
IOTA (MIOTA)
$0.341175
dash
Dash (DASH)
$61.18
nem
NEM (XEM)
$0.051781

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  • bitcoinBitcoin(BTC)$31,351.002.01%
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