This column does not necessarily reflect the opinion of the editorial board of Benzinga. As decentralized finance continues to gain popularity, people are watching its adoption unfold, with multiple projects emerging alongside the market growing over 1000% since 2019. At the time of writing, the Defi market has a market capitalization of over 75 billion. What Is DeFi? Decentralized finance, or “DeFi,” is a term used for a movement whose main.
By Lee Kyung-min
Participants of the cryptocurrency market are expected to realign investment interests around two top-traded digital assets, bitcoin and Ethereum, as illustrated by a growing number of global traditional financial service providers seeking to roll out virtual asset-related products.
Bitcoin, the most popular and widely traded digital coin, however, consumes an enormous amount of electricity, a reason why the second-in-class Ethereum is emerging rapidly as an alternative mostly for its low energy consumption and greater scalability.
Global investment bank JP Morgan is expected to release bitcoin fund products as early as this summer, the latest to join two other key industry players ― Morgan Stanley and Goldman Sachs, both of which launched bitcoin funds for high-net-worth customers.
By Makkie Maclang, CoinGeek
Bitcoin will forever be remembered throughout history as the pioneer in digital currencies. Before Ethereum, Litecoin, Binance Coin, Cardano and Tether came into existence, there was Bitcoin. It has been more than a decade since the Bitcoin white paper, entitled ‘Bitcoin: A Peer-to-Peer Electronic Cash System,’ was published on Oct. 31, 2008 under the pseudonym Satoshi Nakamoto. However, it only reached mass consciousness in 2017 when its value skyrocketed to $20,000.
Bitcoin is a triadic term that denotes a digital coin, a set-in-stone protocol and a public blockchain network. While Bitcoin has since become a household name and blockchain has been gaining ground in the past few years as a viable technology for businesses in various industries, such as healthcare, gaming, social media, marketing, supply chain and real estate, not many people know about their true history and real value.
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You canât talk about blockchain and not bring up CBDCs and stablecoins Economies are currently experiencing the development of brand new ideas around CBDCs, stablecoins or private digital currencies. 2169 Total views Opinion
Ever since the publication of Satoshi Nakamotoâs white paper back in November 2008, âBitcoin: A Peer-to-Peer Electronic Cash System,â the term âblockchainâ has been synonymous with digital currencies in the sense of the underlying technology that allows for the transfer of value, peer-to-peer.Â
Whatâs interesting is that the term âblockchainâ is not used once in that white paper. The purpose of the paper was to propose a solution to the core issue of double-spending a digital currency, which is the representation of a transfer of value directly between transacting parties, without the use of a central trusted third party.