Blockchain has quickly become one of the most prevalent new technologies. The technology offers decentralized, digital ledgers that use cryptography to transmit data. Blockchain is the backbone of cryptocurrency, paving the way for monetary transactions that are difficult to track or intercept.
One of the most exciting technological advances of the last decade is blockchain, which offers a more secure platform for transferring data. Blockchain is essentially a decentralized peer-to-peer platform that effectively reduces the chances of a server being hacked.
Artificial intelligence (AI) and machine learning have emerged as two technologies that could dramatically affect blockchain and all the people, organizations and companies that use this technology. But blockchain is essentially a distributed ledger which is known for its reliability and simplicity, so how does machine learning and AI improve this already-innovative technology? Well, to appreciate the potential role of artificial intelligence and machine learning, it’s essential that you understand exactly how these two technologies are used.
More and more developers are considering blockchain for apps, as this technology—originally developed for Bitcoin cryptocurrency—holds tremendous potential for applications that require data storage or ledger-type functionalities. In fact, blockchain can benefit virtually any app that must stow and access large volumes of data in a secure, reliable manner. But what are the precise advantages of using blockchain technology for mobile apps? Well, the benefits range from security and reliability to decreased development and maintenance costs.
Cryptocurrency is now part of the mainstream lexicon, but that’s a relatively recent development. After all, the first major cryptocurrency, BitCoin, didn’t come into existence until 2009 and it took a couple years before BitCoin really gained momentum. To create BitCoin, developers had to overcome some major obstacles surrounding recordkeeping. For instance, the cryptocurrency system had to be accurate so as to prevent “double spending,” whereby a user would have the ability to spend a sum of money twice due to delays updating the ledger. Enter blockchain, an innovative platform that has paved the way for cryptocurrency and many other technologies. In this blog, we’ll discuss more uses of blockchain they may be beneficial to your business. Read More
Thanks to the recent explosion in popularity of cryptocurrencies, we’re seeing some significant advances and innovation surrounding blockchain technology. Blockchain sits at the heart of cryptocurrency. It’s the distributed data storage platform that is typically used to stow financial transaction data in a secure, tamper-proof manner. For cryptocurrency to be truly viable, it has required a level of encryption and digital security that the world has never seen before.
Cryptocurrencies have been around for several years, with Bitcoin coming into existence in 2009. But virtual currency has gained most of its popularity in the last two years, causing the mobile development community to take notice. One of the most significant developments is blockchain, which is a clever and highly secure piece of technology that will be useful for applications far outside the cryptocurrency realm. So what is blockchain and how can your mobile app developer leverage this technology to revolutionize peer-to-peer mobile security?