Blockchain News for Informed Traders and Minersby Andrew Jones Forex Trader
If you are trading the digital currency or mining Bitcoin, you can understand the importance of updated blockchain news as it helps you be at the edge. In the coming years, the technology behind cryptocurrencies such as Bitcoin will inevitably and radically change the role of traditional trusted parties such as banks, accountants, notaries, and governments.
Those who have been paying attention to the latest blockchain news know it well that the possibilities are endless in the digital currencies. There are several organizations that invite people to explore this new technology constructively and critically, and have an open discussion about the potential applications as it will help the world at large.
Blockchain News and Discussion
As has been mentioned above, a number of portals and discussion forums have emerged over the last couple of years. These are the platforms where people interested in blockchain technology and digital currencies can discuss and explore the potential in the technology. For instance, there is /r/Bitcoin, a sub for discussion blockchain and Bitcoin.
Then there are some portals like NewsBTC that bring the updated and latest Bitcoin and blockchain news from around the world. These portals have team of professional reporters and researchers who take the first hand information about the events, policy changes, new developments, etc. and present them at one place in blockchain news section.
Blockchain is the Future of Financial technology
The technology behind Bitcoin is called ‘blockchain’ and this is indeed is the future of financial technology. People often think of Bitcoin as only virtual money or a transaction system; however, it is not correct as if you look closer, you will see that the monetary aspect is just the tip of the iceberg, there are several reasons to say this.
For instance, Bitcoin is a ground-breaking internet technology for which money is merely one of the possible applications. You must understand that money exists to facilitate trade and throughout the centuries, trade has become incredibly complex. Needless to say everyone trades with everyone, worldwide and it is recorded in bookkeeping.
However, this information is often isolated and closed to the public and for this reason, we use third parties and middlemen we trust to facilitate and approve our transactions. Governments, banks, accountants, notaries, and the paper money in your wallet which are popularly called “Trusted Third Parties”. The same purpose is being fulfilled by Bitcoin.
Created on Dec 31st 1969 18:00. Viewed 0 times.
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