In 2017 and 2018, Bitcoin and various other forms of Cryptocurrency have taken off in a big way. But how does a product that doesn't actually exist work? Bitcoin was the first cryptocurrency, but others have followed - like Ethereum. Bitcoin is digital money that uses encryption to keep transactions secure and control the creation of new units. Some original users of Bitcoin and other forms of cryptocurrency have become very rich over recent months as they effectively treat buying into the platform like the stock market - buy Bitcoin low and sell high. Bitcoin has actually been around since 2009 but share prices have gone up as people start to trust traditional money less, sort of like how your grandparents keep their money under a mattress,because they don't trust banks, but for millenials. What is it? It’s a digital currency, used to pay for items online without any additional bank charges, or government control. Companies and people can buy or sell items using Bitcoin as … [Read more...] about What is Bitcoin and how does it work?
How does encryption work
Bitcoin and other cryptocurrencies have emerged as an important part of the technology industry over the last few years. Created in the aftermath of the 2008 financial crisis, cryptocurrencies are digital currencies that can be traded directly from one individual to another without the need for banks or regulators to have any input. Every bitcoin, etherium or litecoin transaction that occurs is recorded on the blockchain - the digital accounting technology on which these currencies are built. The blockchain is a pretty complicated invention but it's revolutionising the way finance operates in the digital world. Whether or not you've chosen to invest in bitcoin yourself, understanding some of the mechanics behind it is pretty fascinating. We're going to break down here exactly what it is, where it came from and how it facilitates the current bitcoin boom that seems to be engulfing the technology industry. 1. What is a "cryptocurrency"? They are forms of digital money that use encryption … [Read more...] about What is blockchain technology? How this clever invention gave rise to Bitcoin
The European Union’s General Data Protection Regulation (GDPR), which comes into force on May 25, will govern the storage and processing of data rather than its collection. It also includes some very important consumer rights. The most important are the right to be informed, the right of access, the right to correct errors, the right to erase data, the right to restrict processing, and the right take it elsewhere (data portability). How useful these will be in practice remains to be seen. “Personal data” includes names, addresses, phone numbers and IP addresses, as well as whatGDPR calls “factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person”. That includes biometrics such as face, fingerprint and iris recognition, and genetic information. In other words, you may have personal data that identifies someone even if you don’t know their name. GDPR applies to companies and … [Read more...] about GDPR: how can I email data securely to comply with the new regulations?
At the beginning of the month, it was announced that JD.com (or JingDong), China's e-commerce titan, would be expanding to the UK in 2019, after which it slowly intends to spread across the European continent. Not quite satisfied with merely competing with giants such as Amazon on the retail front, the company is also funding a research program in Cambridge, with a focus on cutting-edge technology like Big Data and Artificial Intelligence. JD is no stranger to innovative technologies, having recently made headlines with its ambitions to make drone-operated deliveries a reality and its newly launched 'AI Catapult', working with blockchain startups to develop and test new businesses and applications.It's really no surprise that e-commerce is heading this way: statistics show that the area is booming in magnitude, poised to hit $4.5 trillion in online sales by 2021. Correlated with this meteoric rise is the growth of mobile payments, which have more than doubled in the last four … [Read more...] about How blockchain and biometrics are set to empower users
Ties.DB has launched the first public, decentralized and distributed database that has been created by members of the crypto community for widespread use. This cutting edge B2B product offers an outstanding solution for the soaring demands of data storage. The distinct feature of Ties.DB is the its flexibility and adaptability of its database for any blockchain project, or app, either on Ethereum, Ark, Waves, Rchain or any other. TiesDB founders and the project team have decided to focus the company's efforts on accelerating the launch of their database due to the enormous growth and emergence of various decentralized messengers, social networks, media, and large encyclopedias. TiesDB has created a public, decentralized and distributed database that will solve the problem of storing non-financial content and quick data retrieval for dapps. Decentralized applications, in which there is at least one centralized component, for example, a classical database, cannot be decentralized per se, … [Read more...] about How does Ties.DB database use blockchain technology?