Bitcoin: Ten Years On
A mysterious, anonymous entity known as “Satoshi Nakamoto” posted a white paper on October 31 2008 entitled “Bitcoin: A Peer-to-Peer Electronic Cash System”. It was the first time that the concept of Bitcoin entered the world. But outside of the cypherpunk mailing lists – those promoting the use of privacy-enhancing technology – this event was hardly noticed. Ten years on, who hasn’t at least heard of the cryptocurrency? On just nine pages, the white paper explained how the Bitcoin system would work. Many attempts at electronic cash had already been made going right back to computer scientist David Chaum’s “Digicash” developed in the 1980s. Using an intricate dance of cryptography, […]
How cryptocurrency is disrupting the global economy & the financial system
For the longest time now, cryptocurrency has been slowly rising and increasing its powers in the background. Though not a lot of people have been paying attention to it lately, it’s still going strong with no signs of stopping. Because of the technology behind it, cryptocurrency has the potential to be one of the biggest disruptors in the global business process. As for the financial sector, here are some of the ways cryptocurrency can change it. Fewer barriers to entry One of the best things about cryptocurrency is that just about everyone can get involved. There are little to no barriers to investing or trading cryptocurrency. And as more people […]
Why Bitcoin is here to stay
The real game changer of Bitcoin is the underlying network of highly secure computers that support it. These computers run a new form of database called “blockchain.” Blockchain technology enables money and data to move without having to rely on a trusted middleman. It’s truly revolutionary. Already more than $3 billion a day is transacted across the Bitcoin network without the need for a central clearing authority. That has never happened before and it makes Bitcoin a unique asset. Software developers across the world are building applications designed to piggyback off this network. Over the next few years we’ll begin to see a host of new applications emerge for Bitcoin and the network […]
Bitcoin seems indestructible but another cryptocurrency might be about to take its place
Bitcoin was born out of the global financial crisis of 2018, but on the eve of its 10th anniversary the world’s first cryptocurrency may be facing a crisis of its own. Uncertain regulation, technological failings and infighting within its developer community mean another cryptocurrency could be on the verge of taking its place as the world’s leading digital currency. With a market cap of over $100 billion, bitcoin has established itself over the last decade as the world’s leading cryptocurrency, yet since its inception more than 3,000 other cryptocurrencies have since come into existence – each attempting to offer something that bitcoin can’t. After a decade of dominance, experts tell […]
No need for national digital dollars: RBA
The Reserve Bank of Australia and a global investment bank say the speed of payments innovation will fend off any threat from cryptocurrencies, and creating digitised versions of central bank money will make bank runs much more likely during a crisis. After last year’s speculative bitcoin bubble, the potential for the Australian central bank to issue digital dollars to allow money to move through distributed ledgers is fading. RBA assistant governor Michelle Bullock told a global audience at Sibos that while it’s still open to considering wholesale applications for a digital Australian dollar, it hasn’t yet been convinced of the need to create one, and the RBA does not want […]
Australian FinTech partners with Digital Surge, Brisbane’s first Digital Currency Exchange Platform
Australian FinTech is excited to announce its official partnership with Digital Surge, Brisbane’s first digital currency exchange platform.
What is Ethereum and who is Vitalik Buterin?
Beginnings of the Ethereum Universe Launched on 30th July 2015, Ethereum is a cryptocurrency based on the blockchain. Founded by Vitalik Buterin and Joseph Lubin, it is sometimes considered a second version of Bitcoin. Though Bitcoin and Ethereum are both decentralised currencies based blockchain, there are significant differences between the two. What’s the difference? A good way to understand the differences between the two is to recognise that each have their own goals and purpose. While Bitcoin was and still intends to be a digital currency based on the blockchain, Ethereum has sought to create an entire network within itself. In fact, each Ether can be designed to represent a […]
Digital Surge introduces new changes to help drive Bitcoin adoption
Bitcoin trading platform Digital Surge has announced important updates to to help onboard new customers and simplify the process of investing in Bitcoin. Better rates to Buy & Sell Bitcoins Digital Surge operates a full reserve order book meaning that all the trades on the exchange are fully backed by money in their bank and Bitcoins in their wallets. The price that you see when buying or selling Bitcoin is determined by other customers that place orders on the platform. They have been working to bring in more traders to further decrease the price of Bitcoin. You will now see that the price to purchase Bitcoin is much more competitive. […]
