Everyone is discussing blockchain, and no one wants to be left behind.
Around 77% of the financial services industry will adopt blockchain for a few elements of their operation by 2020.
Many banks have demonstrated a tendency to incorporating blockchain for payments and reconciliation
In fintech, blockchain discovers application in areas like digital ID, client authentication, insurance and more
According to the blockchain training institute, it is one technology that is said to acquire in a revolution on par with the birth of the internet. What began as a decentralizing currency and resources are currently disrupting each mainstream industry. Whether its fintech, healthcare, pharmaceuticals, insurance, digital security, enterprise SaaS - blockchain is everywhere today.
Even the normal BFSI stakeholders like the large retail banks are sending blockchain solutions for the robustness this technology brings to age-old systems when integrated in the right way.
According to a survey on the financial services sector and fintech directed by PWC, around 77% of the financial services industry has a plan on adopting blockchain by 2020. Banks comprising a third of the institutions surveyed have indicated a tendency in incorporating blockchain in their operations.
People who haven't grown listening regarding this technology are currently aspiring to work on this new technology. ... The way to a career in Blockchain is, obviously, new as well as innovative.iron
BitcoinBitcoin is the cryptocurrency that started it all.Although Satoshi Nakamoto described Bitcoin as a P2P currency system, today the narrative is a little different.The narrative has now changed, and people refer to Bitcoin as “Digital Gold.”Not surprisingly, many institutional investors have started buying into Bitcoin, making the supply scarce for the common investor.Bitcoin, The Store of ValueBitcoin is no longer a currency to it’s advocates, but rather a store of value like gold.Practically speaking, newer wallets with one whole Bitcoin are disappearing by the hour.This limited availability and mass adoption of Bitcoin, combined with huge cash flow from institutional investors has pumped prices skyhigh.Experts have predicted that Bitcoin could hit a whopping $200,000 by the time this bull run ends (Est.
September 2021).EthereumEthereum wasn’t supposed to be a currency system like Bitcoin.However, it is outperforming Bitcoin, and fast outgrowing its status as an Altcoin.Ethereum is essentially a smart contract platform, an ecosystem to build blockchain projects on.This solid use case, combined with the deflationary system that it follows for Ether (ETH), and popularity, has also caught the eyes of big investors.Ethereum — The OpportunityEthereum has outperformed Bitcoin in this bull run and is gearing up to move past it’s all time high.Experts have predicted that the price of Ether (ETH) could hit a tune of $10,000 by the time this bull run ends.This makes Ethereum the best opportunity for people looking to make big gains, as Bitcoin becomes the more expensive option.So, what happens after the Bull Market?After any Bull market, there will be a Bear market.This means that the prices could fall upto 90% after the market reaches its peak.So, it’s better to always take profits as you ride the wave and not wait till the top of the hill.
What on earth is Ethereum?
I mean, I keep hearing about it all the time, I’ve seen it’s the second-largest cryptocurrency around but I just can’t seem to wrap my head around it.
Is it as revolutionary as Bitcoin?
Can it actually change the world as we know it?
Like many other cryptocurrencies, Ethereum is also decentralized and can perform value exchanges and smart contract transactions without any interference from a third party.
It is completely autonomous and non-regulated by any centralized entity.
The Ethereum system is supported by a global system of Nodes.
These consensus rules are guided and dictated by smart contracts- a set of computer protocols and algorithms that control the verification and execution of a contract.
With these rules in place, one can perform multiple transactions via the ethereum blockchain network without necessarily trusting the other party.
Smart contracts ensure that the pre-defined rules of engagement are satisfied before the successful completion of the transaction.
Blockchain Training Institute: Although there are dozen bitcoin ETF proposals that are marked down by the US Securities and Exchange Commission(SEC), this young firm is in high hopes that SEC would give a green signal.
Wilshire Phoenix is a New York-based company in association with the NYSE Arca has filed a United States Bitcoin & Treasury Investment Trust ETF.
This firm will invest both bitcoin and U.S. Treasury securities, which is referred to as T-bills.
"Our proposed bitcoin-related ETF is quite different from those that have previously been submitted to the Commission for approval.
To name just a few distinctions, the composition of the Trust is very different.
Our Trust is a multi-asset trust (bitcoin and T-Bills), as opposed to just bitcoin,” quoted William Herrmann, founder and managing partner, Wilshire Phoenix.However, SEC has rejected multiple proposals considering the firm's age, the risk to investors and exposure to digital assets.
