BlockChain/Crypto

[kiy]

BitCoin Mining and Blockchain Technology.
Bitcoin, and other virtual currencies are made possible by what's known as blockchain technology. The technology is based on blockchain, or, more broadly speaking, distributed ledger technology (DLT). Essentially, what this means is that, instead of storing big databases in a central location, which can make them sitting ducks for hackers, DLT stores data across multiple sites. So to penetrate DLT databases, hackers would have to break into an insurmountable number of computers all over the internet. In addition, DLT supports a broader, more efficient decision-making process for almost any kind of institution.
4 Powerful Crypto Mega Trends Ahead
Mega trend No. 1. DLT could help modernize democratic election systems, largely eliminating voter fraud, vote count inefficiencies and hacks.
Mega trend No. 2. DLT could provide the foundation for a more stable financial system. Indeed, bitcoin was originally created in the wake of the 2008 debt crisis as an alternative system that would not require large government bailouts or massive quantitative easing. And today’s newer cryptocurrencies take this a step further by clearly defining rules of monetary policy.
Mega trend No. 3. DLT also supports a new kind of social media platform. (lookout FaceBook) One, already in operation, allows users to store their data on the blockchain and rewards them for their content contributions with cryptocurrency. Another still in development aims to add key features, such as user privacy and user control over data.
Mega trend No. 4. Overall, crypto technology could provide the ultimate in protection against hacking. Massive data breaches, such as those at Facebook, Equifax, Yahoo and countless others, would have not been possible if their platforms and business models had been built on DLT.
Nor would it be possible for foreign cyber actors to invade America’s critical infrastructure sectors, such as energy, nuclear, water, aviation and manufacturing. https://banyanhill.com/crypto-mega-trends/

A Blockchain is essentially a global public ledger capable of automatically recording and verifying a high volume of digital transactions, regardless of location. Bitcoin's popularity is proving blockchain's usefulness in finance, but entrepreneurs have come to believe blockchain could transform many more industries. Ultimately, a transparent, verifiable register of transaction data are practically endless - especially since blockchain operates through a decentralized platform requiring no central supervision, while still remaining resistant to fraud. As startups use blockchain to drive greater transparency and veracity across the digital information ecosystem, they're boosting awareness of the technology in sectors ranging from payments to public policy. Some of the latest innovative ways companies are harnessing the power of global blockchain in the industries listed below:Banks: From a macro perspective, banks serve as the global storehouses and transfer hubs of value. As a digitized, secure, and tamper-proof ledger, blockchain could serve the same function, injecting enhanced accuracy and information-sharing into the financial services ecosystem. Swiss bank UBS and UK-based Barclays are both experimenting with blockchain as a way to expedite back office functions and settlement, which some in the banking industry say could cut up to $20B in middleman costs. Banks are among the growing number of financial services giants investing in blockchain startups. Payments & Money Transfers: The World Economic Forum has argued that decentralized payments technologies like bitcoin could transform the "business architecture" of money transfers, which, due to reliance on central authorities such as banks and clearinghouses, has remained static for the last 150+ years. Blockchain could be used to create a more direct payment flow that connects payers and payees - across borders or domestically - without intermediaries, at ultra-low fees and almost instant speed. Digital currency startup Coinbase - which has served over nine million customers as a digital platform for buying and selling bitcoin, ether, and other cryptocurrencies - recently became the first cryptocurrency company in the Global Unicorn Club. Cybersecurity: Though blockchain's ledger is public, its data communications are sent and verified using advanced cryptographic techniques - ensuring that data is coming from correct sources and that nothing is intercepted in the interim. Thus, if blockchain is more widely adopted, the probability of hacking could go down, as the cyberprotections of the technology are more robust than legacy systems.