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Late 19th century, a majority of the people did not use the internet. Whereas, next 20th century comes with new technologies, innovations. Which totally change the nature of the environment. As barter system introduce the transactions process. Afterward, leather money uses for transactions, which later turn to metal, then gold asserts itself in trading. In addition, with the passage of time transaction process introduce paper money.

Finally, technology introduces the digital money for the transaction in all over the world. Which is most flexible and convenient. while, In the general discussion of the technology, blockchain is at the top of the list. Now, the question is, what is blockchain? how does it work? And many more discussion will be available in this article.

What is blockchain?

The blockchain is a technology to verify and record the digital made transactions. It is directly underlying technology to the bitcoin. This technology has the ability to transfer, inform and secure the money. Basically, it is a term which describes the distributed network database technology underwrite once and read the only system. Here, we can observe the one thing,

Bitcoin = blockchain

Ethereum = blockchain

Other crypto-currencies = blockchain

Smart contrast = blockchain

Distributed ledger technology = blockchain

 

 

Blockchain technology has the four major components. Are given below;

  • Privacy: System provides the complete security to its followers regarding their transactions and its recordings.
  • Smart contracts: This system is enabled to add in and being able to execute on individual chain codes.
  • Establish consensus: If you have a strong distributed ledger then participants and a network will agree to the transactions happen. Which need to be a means of establishing consensus between two or more parties.
  • Control: A database which easily shares by different organizations. Whereas, no one authority has full control over it. Which differentiate it from other traditional database platforms. Where multiple people are using this database, there is always one party to write read and connect it to others.

 

Why blockchain seeks the other’s attentions???

People who don’t like traditional transactions system and bored up because of a time-taking process of payments. Accordingly, interested to adopt a new, secure and fast system of transactions. They tend toward the blockchain technology.

Founder and CEO of multichain Dr. Gideon Greenspan say, “People are interested in Bitcoin because of, first of all, it’s technologically interesting. It’s a combination of ideas that’s may have been used before but the way they’re put together and the end result is smart and unique. The second reason is because it enables censorship free digital finance: That is a goal that has never been achieved before. The idea that you can transact digitally with who you want, without there being any central place that can be pressured or switched off is new. The third is the endless speculation in the price, as it goes up and down. It’s an endless story in itself which keeps people interested”. In addition, “People are interested in private and permission blockchain because they offer the possibility of making certain types of IT systems more efficient. This effects IT systems of multiple organizations where companies need to communicate with each other.

Distributed ledger

Basically, it is a recode of what you have. As blockchain is completely different from traditional database technology. in addition, with no central storage and no central administrator of a ledger.

Accordingly, it is an asset and can share across the world. However, this technology id so-called blockchain. people create it and tend to digital cash of the bitcoin. Bitcoin and other cryptocurrencies are accumulating in blocks. And, then by using the cryptographic signature, the blocks are add to the chain.

Benefits of blockchain

  • Secure way of transactions and crystal clear process.
  • Miners authorize the transactions. Transactions become immutable and secure from hacking.
  • blockchain technology minimizes the existence of the third party in transactions.
  • decentralization of the technology.

Whereas, Banks and other organizations are going to invest in this space. Following are some banks and other FIs on the blockchain.

 

In addition, some of the use cases and non-financial use cases of blockchain are as follows,

Use cases

Non-financial use cases

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What is a Hardware Wallet? (or How to Make Your Cold Storage Hot)

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CFTC Chairman Says “Without Bitcoin, There’d Be No Blockchain”

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On Tuesday, during the Senate hearing on the potential cryptocurrency regulations, the chairmen of USA’s top two market regulatory agencies largely stuck to their script. The hearing was held by the Senate Committee on Urban Affairs, Housing, and Banking which affected a wide range of regulatory concerns that are linked to the blockchain and cryptocurrencies technology, including trading platforms, ICOs (initial coin offerings), derivatives and ETFs (exchange-traded funds).

Both Giancarlo and Clayton expressed concern in their statements that at this time, the cryptocurrency exchanges are delimited at the state level and not on the federal one. They both repeated that in the future at some undefined point, there’s a chance that the Congress may try to improve the ability of federal regulators to manage the spot markets.

The chairman of SEC (Securities and Exchange Commission), Jay Clayton, tried to shift the conversation back to the ICOs constantly and noted that he hasn’t seen an ICO that shouldn’t be catalogued as a security under federal regulations. The same statement he has been repeated on several past occasions as well.

He likewise gave a perception on why the SEC has struggled against the fund sponsors attempts to list Bitcoin ETFs and explained that because retail investors are largely targeted by the ETFs and are primarily one-sided markets, rules presiding their creation need to be strict than those for futures indentures, which are supervised by the CFTC. He added that the SEC will be open for revising its stance on Bitcoin ETFs if these rules are gratified later.

Meanwhile, Chairman Giancarlo grabbed the attention of many Bitcoin fanatics with some comments that seemed to be hat tips to the community.

The very first word that he used during the Congressional hearing was “hodl” and till the end of the hearing, he continued to contradict the common misconception that the coattails of blockchain technology are purged by Bitcoin.

He told the committee that it’s really important to reminisce that there’d be no blockchain if there was no Bitcoin. Overall, the whole hearing didn’t end up as a thunderclap, however, it proved what has been already made ostensible ‘that new cryptocurrency regulations are expected to be coming to the US markets soon.’

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Bitcoin Casino for 2017

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1ST MAY 2017, 07:00 PM, people like to play games. It’s an awesome benefit for you to play game bitcoin and get some reward in form of money. While, when you are betting with bitcoin. You surely have a chance to win handsome amount. Playing bitcoin games and making money, online players are in seek of money making the casino. To maintain such type of Casino is much difficult. Fortunately, bitcoincasino.us. is one of the best platforms for your attention. With 24/7 customer support, this casino provides complete anonymity, secure transactions, highest bonus and instant payouts.

Games:

Bitcoincasino.us provides more than 300 games. They are unique and different from other sites. This is because players get bored when they saw the same games on multiple websites. Some of the favorite, Tipsy tourist, Fa Fa twins, Aztec magic, Twerk.

Some players play games with proper strategy and skill. They don’t want to lose. For that type of people, this casino offers the table games and roulette. Roulette is with several variations, including all versions either it is European or American. Games with different layouts, payouts or with unique characteristics are available on sites.

The most important reason for its fame is, provides action games with innovative gaming software like Endorphina, BetSoft, and SoftSwiss.  Here, you will surely find the game with existing payouts.

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When you are playing with bitcoincasino.us, you will get your reward instantly. Whereas, players of other websites are in waiting of their payouts. They process all the transaction as fast as they can. As you know the reward of playing bitcoin earning games, means you will soon withdraw the coins. Let’s have an example of 10 BTC. In process of withdrawal, other sites will take 24 hours. On the other hand, this games site does not need that much time.

Final Thoughts:

It is final, that you do not want to waste your bitcoin on a site who has not the good reputation. Bticoincasino.us is one of the best sites. Who provide instant reward and easy ways to get bitcoin as winnings.

GOOD LUCK!

 

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Longfin Stock Value Drops Below 30% After SEC Announces Investigation

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After the US SEC (Securities and Exchanges Commission) announced that it’s starting an investigation, the stock value of Longfin (fintech firm) has dropped below 30%.

According to a report, on 2nd April, Longfin divulged the investigation in a public 10-K filing to the Securities and Exchanges Commission. Longfin is among the NASDAQ-listed fintech companies and its market cap shot-up above 1,000 percent in last December, within only 2-days.

Investigation By SEC

On 5th March, Longfin was informed by the Division of Enforcement of SEC that they will be investigating transactions in the company’s shares and also demanded the documents related to its IPO and acquisition of Ziddu.com. Ziddu.com is a firm that focuses on smart contracts and micro-lending via blockchain technology.

In the 10-K filing, Longfin showed that its aim is to cooperate with the SEC investigations. The document says:

“We are in the process of responding to this document request and will cooperate with the SEC in connection with its investigation. While the SEC is trying to determine whether there have been any violations of the federal securities laws, the investigation does not mean that the SEC has concluded that anyone has violated the law.”

What does Venkat Meenavalli have to say about it?

CEO of Longfin, Venkat Meenavalli also acknowledged this gigantic spike in stock value last December, as he stated:

“This market cap is not justified. I valued my IPO pricing at $5.” He also added:

“We are a profitable company… We have nothing to do with this euphoric mania.”

The stock value plunged really quick after an adverse tweet was posted by a well-known short-seller, Andrew Left’s Citron Research and news that the FTSE Russell was considering to eradicate Longfin from its benchmark Russell indexes due to inadequate free-floating shares.

As for the negative view of Citron, Meenavalli said:

“We are going to take legal action after we file the 10-K” and added, “The company is a profitable company, making revenue.”

Also, at the beginning of this year, the SEC reported that it’s going to start an investigation on companies that are using public enthusiasm and blockchain technology to deploy their stock prices.

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