Cxihub release alpha version on ios platform

CXIHUB has released its long awaited mobile app for IOS devices. The app will make it convenient for cryptocurrency traders to check on current prices, their currency balances and trade across currencies instantly.

The app is being currently  tested on Testnet. The Alpha IOS version of the app is being released and is available for testing. Currently the application can be used through invitation only. You can receive and invite by (insert link/email)

The app can be used for buying and selling not only bitcoins but other alternate cryptocurrencies as well. Currently cryptocurrencies available are Bitcoin Cash (BCH) , Ripple (XRP) , Viacoin (VIA), Bitcoin (BTC) , Litecoin (LTC) , Ethereum (ETH). Cxihub is constantly adding new currencies and soon more cryptocurrencies will be added as well.

Features available:

  • Stay updated with the latest price of cryptocurrencies.
  • Trade using CXIHUB’s secure trading engine.
  • Check Wallet balances.
  • Deposit/Withdraw currency balances.
  • Receive notifications when your buy sell orders are matched.

A host of new features including push notifications to stay alert on prices are in the process of being added to the app and will soon be released as our Version 1.0.0 of the CXIHUB app.

CXIHUB is committed to bring to its clients the best trading experience possible, the app is a step in this direction, bringing more expediency to CXIHUB’s services.

Stay tuned to get more updates on CXIHUB and don’t forget to check out the app.

Is this the rise of the new Boom in Bitcoin? – CXIHUB

Struggling at low levels these past few months bitcoins was dismissed by many as an investment that has dulled out and no longer remains lucrative.

But with the recent bump in prices things seem to have been changed. There is a new excitement in the market with many investors pointing this to be the end of the era of the downshift and the upbringing of the season of the bulls to advance.

Not just Bitcoin but many other altcoins have appreciated in value as well, this is evident from the chart below. Total market capitalization has appreciated to 430 B$ from 250 B$ within a fortnight. A rise of over 70%.

Chart source: coinmarketcap.com

The below chart shows how Bitcoin has broken through from its low level of remaining below 7000 to now stabilizing above 9000. A rise of 30%. This is an important landmark that investors believe will now foretell the rise of bitcoin.

Chart source: bitcoin.com

Bitcoin has grown continuously over the past 6 years, at an average of 165% a year, never going below its 200 day moving average.The reaching of this new phase in Bitcoin calls for an oncoming Boom cycle, Bitcoin is sure to outgrow it’s previous heights and with this important landmark the seeds may just have been sown.

We at CXIHUB have always pushed the best information quickly to our followers enabling them to take beneficial decisions quickly and properly. Keep following CXIHUB to receive the latest updates of the cryptoworld.

Viacoin Implementation Working Network On CXIHUB

Viacoin was born in 2014 shortly after a major change occurred in Bitcoin. As you may already know some data can be stored along with a bitcoin transaction. Due to blockchain bloat the amount of information that could be stored by a bitcoin transaction was reduced to 40 bytes.

The amount of information storable is necessary for certain additional functions to work. Counterparty a financial intermediary was unable to function after Bitcoin information storage was reduced to 40 bytes.

This led to the creation of Viacoin by bitcoin core developers, BTCDrak and Peter Todd. Currently Viacoin supports 120 bytes of information to be stored. Apart from more storage Viacoin packs many interesting features.

Features of Viacoin are-

Block time: 24 seconds (25x faster than Bitcoin)

Mining reward halving: Every 6 months

Total supply: 23,176,392.414590

Mining- Viacoin can be mined along with other scrypt mined coins such as Litecoin, without impacting the hash rate of either, this is known as merged mining.

Segwit- It helps shrink the size of transactions and faster syncing across nodes. Besides enabling segwit helps set a standard protocol that in turn enables a host of other features such as atomic swaps, lightning networks.

Lightning Network- Enables instant transfers at extremely low fees, it acts as a layer on top of the main blockchain. More details on how the lightning network works can be found in this CXIHUB article.

Colored coins- The concept of colored coins comes from storing additional information along with a Bitcoin transaction. The coin is thus marked and “colored”. This colored coin which contains specific information can then represent anything such as land, stocks. Thus this is a very useful feature and can greatly enhance the value of the coin.

Atomic Swaps- They enable cross cryptocurrency exchange seamlessly, quickly and without any need to trust a party. This is processed through a decentralized exchange having a cross chain link. For example you can convert your Litecoin to Viacoin and vice versa whenever you need to.

Here is the roadmap for further developments in Viacoin this year.

Viacoin is a coin that seems only like the tip of the iceberg while encompassing a variety of features below. It will be very interesting to see how this coin grows.

At CXIHUB we are dedicated to bring the latest and best crypto news to our followers. Stay tuned for more articles.

For more technical details you can find the Viacoin white paper here.

Decentraland Mana- The next exciting project in Cryptocurrency land with public VR blockchain

 

Decentraland is best thought of as a parallel universe albeit a virtual one. A world with a fixed amount of land which people can buy and on top of which any property, business, service can be build. The rules are very similar to the real world, the difference being that this world exists on a blockchain.

The Concept

The concept is that since we spend so much time online in augmented reality and virtual reality, a world could be created which serves as a entry point to all such things. In this virtual world you can buy land which can be used to build your home or office or a business. These will be created in a 360° world. This calls for endless possibilities limited only by imagination! All businesses that rely on virtual reality can make their services available on this platform.

Decentraland can be used for both work and leisure, all virtual concepts that you can think of can exist on Decentraland. Examples of using such a concept would be-

You are shopping from home using a site that allows you to choose clothes using virtual reality. Now this shop could exist on the decentraland platform and you can go shopping along with your friends to this virtual destination.

 

You are working from home for your company. Now this company could setup a virtual office in decentraland and you along with your co workers could be present at the office on it’s virtual location.

Like an amusement park your favorite video game could exist on this virtual world at a location and you could visit it to play the game.

You can take MOOC’s (Massive Open Online Courses) in an immersive manner along with fellow students by virtually attending the virtual college.

Read this article to know why this is important for virtual reality.

 

Technical

Decentraland is based on Ethereum Blockchain

Land is a non-fungible, transferrable and a scarce digital asset stored in an Ethereum smart contract. It is acquired by spending an ERC20 token called MANA. MANA can also be utilized to make in-world purchases of digital goods and services.

The virtual reality platform is built using A-frame. You can read more about this here.

Decentraland’s protocol has three layers:

  1. Consensus layer: Tracks land ownership and land content through an Ethereum smart contract.
  2. Land content layer: Uses a decentralized distribution system to download and render the content in the virtual world.
  3. Real-time layer: Provides peer-to-peer connections for users to communicate with one another.

Development of the virtual world in Decentraland is taking place in various phases named as ages. The platform has already evolved from the Stone age to the Iron age.

You can get more technical details through the whitepaper here.

Development Team

The team has been working since 2015, led by Ari Meilich (Project Lead) and Esteban Ordano (Tech Lead). The team has many high profile developers. Ordano worked at Bitpay as a software engineer previously. Both founders have also worked together in creating Bitcore and Stremium.

Market Response

Mana has been on the rise since December and has recently performed even more remarkably during the past fortnight showing a 50% rise. Market Cap is at 188 M$.

Chart source: Crypocompare (click here)

Decentraland is a unique concept and seems like a promising investment, depending on future developments this is an investment that looks very beneficial.

 

Conclusion

Perhaps Decentraland is nothing more than a natural evolution in the development of mankind. The concept of Decentraland is interesting and futuristic, with the advent of increased reliance on virtual reality this may very well be what the virtual world relies on. The decentraland platform is decentralised and open source making it trustworthy. If Centraland gains traction we may see many innovative and unique businesses coming up. However whether it gains massive support remains yet to be seen.

 

We at CXIHUB bring to you the latest updates in crypto. CXIHUB Exchange features INR to Crypto and crypto to crypto exchanges. Avail our services now to experience the most convenient and secure crypto exchange.

 

Ripple- A centralized Currency- Is it a real cryptocurrency?

As the third largest cryptocurrency by market cap this might seem hard to believe.

To understand why it is so, one needs to ask why truly is the cryptocurrency revolutionary? The answer lies in something that was never possible before. A medium to transact without the need of a trusted central party.

CXIHUB explores the issues with Ripple and declares its verdict.

Concerns About Ripple

Premined-

One of the biggest concerns about Ripple is the fact that unlike Bitcoin the currency is premined. This means that all the coins that will be in circulation already exist and are at the hands of a few parties. The concentration of such power at the hands of a few is where centralization of Ripple is showcased, and as history proves, makes it bound to fail sooner or later.

The coins in existence are 100 Billion XRP. Out of these more than half of the coins are still owned by the company itself, such concentration of money and power makes the currency seem dangerous alone. Concerns about this came true already when the outed founder McCaleb tried to sell 20 Billion XRP at once.

Ripple is a Company-

Bitcoin is an open source system which nobody can claim to own. All members of the public contribute towards its improvement which are carried out in a democratic way through mining. Decisions in Ripple developments are made by Ripple company which owns offices in many parts of the world. In this sense the Ripple coin is nothing different from other virtual currencies while masquerading as a truly revolutionary cryptocurrency.

A shenanigan by banks?

The progress made by Ripple is largely attributed to its close relations with many banks and its industrial application in the banking industry. However many people consider this a point of concern, they believe that this is a cryptocurrency in disguise launched by the banking consortium themselves to eatup market share of true cryptocurrencies such as Bitcoin, disillusion the public and eventually make them lose faith in cryptocurrencies.

A time came in the history of cryptocurrency when Bitcoin became slow and the fee to transfers became high, many alternatives did not exist at that time and this swayed people towards Ripple, which called itself a revolutionary fast currency. But today the situation is not the same, Bitcoin has solved many of the issues that existed through many improvements such as Segwit, the Lightning protocol, and may wonderful alternatives exist to Bitcoin that are indeed revolutionary. Ripple thus at this time seems nothing more than a failed, faint imitation of a cryptocurrency, a currency which everyone should be cautious of.  

CXIHUB verdicts that the foundations of cryptocurrency are laid on blockchain a method which is essentially decentralised, any mutations of the concept that lead to a centralised power are nothing short of a fraud and a scam.

CXIHUB WORKING TO INTEGRATE LIGHTNING NETWORK

Cxihub is the best cryptocurrency exchange in India to exchange not just bitcoins but a host of alternate cryptocurrencies such as Ethereum, Litecoin, Bitcoin Cash and Ripple as well.

As an innovator in the space, CXIHUB is always experimenting with new features and is the fastest exchange to bring in new technologies to its users.

CXIHUB is now working on integrating lightning network to its interface, adding lightning network functionality is extremely beneficial for the users as they benefit from low transfer fees and instant bitcoin transfers. The lightning network  mainnet was released recently on 15 March.

CXIHUB is India’s first exchange to focus on adding lightning network functionality to its interface. CXIHUB users will soon be able to avail the lightning network wallet on CXIHUB.

CXIHUB has taken a lead in exploring lightning network not only in India but Globally as only a few firms have integrated this platform yet.

Why do we need the lightning network?

Lightning network is a protocol that overcomes some of the most major shortcomings of Bitcoin.

High Fee: Bitcoin currently is expensive for transferring small amounts of money, for eg. If I want to transfer a dollar to somebody the fees that I would have to incur would be higher than a dollar itself.

Delay: Secondly transfers take time, currently more than 30 minutes (waiting for 3 confirmations on a transfer).

The Lightning Network Protocol overcomes all these obstacles making  bitcoin a desirable currency even for small and immediate payments (micropayments).

The Lightning Network is most important at this point of time as Bitcoin faces huge backlash for becoming a currency that is hard to transmit due to high fees and slow confirmations.

The Lightning Network by removing these shortcomings of Bitcoin confounds the rationale of many alternate currencies, therefore many alt currencies may fail as their value is absorbed by Bitcoin once again.

 

So how does the lightning network work?

Check the original paper here

Before getting to this let’s clarify some terms

Multi Signature wallet:  A wallet through which payment can be made only when all parties involved approve.(can be more than two)

Smart Contract: An auto executing code which executes when a certain requirement is met.

When two party suppose BOB and ALICE  want to pay each other they start a payment channel which is nothing but a multi signature wallet in which they keep some funds suppose 1 BTC. Now both parties can send BTC to each other totalling to 1 BTC.

These transactions will not be recorded on the Blockchain until the payment channel is closed. A smart contract is formed to execute automatically in case any user tries to “cheat” thus closing the payment channel.

Yes, it is this easy, in real life you need not even open a payment channel and can use an existing payment channel, as shown below Alice trades with Dave through Bob and Carol.

Check out this video to better understand how transacting works in the lightning network.

 

Explore current bitcoin nodes

https://explorer.acinq.co/#/

The benefits of the lightning network are numerous and clearly visible. It is for this reason that CXIHUB India’s best cryptocurrency exchange is set on integrating the lightning network as soon as possible. Soon you will be able to avail the lightning network wallet on CXIHUB.

Cxihub added bitcoin cash wallet in the beginning

CXIHUB, India’s best multi cryptocurrency exchange has added Bitcoin Cash to its rapidly growing diverse set of cryptocurrencies available to trade on its platform.

Bitcoin cash was brought into existence on 1 August 2017. At a period of time when high fees and a huge backlog of unconfirmed transaction was the main bottleneck that bitcoin faced and many solutions were proposed. Bitcoin cash and segwit were some of them. However, there was no consensus amongst adopters as to which of these options was the better one. As a result of wide disagreement on proposed solutions to the massively rising fees and unconfirmed transactions on the Bitcoin network, Bitcoin Cash was introduced as a hard fork.

Bitcoin Cash(BCH) has the following advantages over Bitcoin(BTC).

  • Bitcoin cash has successfully raised the block size limit to 8 mb. What this translates is to more bitcoin transactions can take place each time proof of work is validated.
  • While BTC has a transaction rate of 7 per second BCH is estimated to possess a rate of 61 transactions per second.
  • Some adopters argue that BCH is the true Bitcoin as was envisioned by Satoshi Nakamoto, Bitcoin has now become more suitable as a settlement layer than for an actual transaction medium. Due to centralization of developers in Bitcoin, BTC has digressed from Satoshi’s true vision.

 

  • While the transaction fees for Bitcoin in December 2017-January 2018 averaged 30 USD per transaction It was 0.3 Dollars for Bitcoin Cash.
  • At a market cap of $20.6 Billion USD BCH is the fourth most valued cryptocurrency

 

Bitcoin Cash unlike many other cryptocurrencies is not just a copy of bitcoin, it has features that are fundamentally different and the usefulness of these features make it a major competitor to Bitcoin.

CXIHUB is the best and most secure exchange in India to trade in Bitcoin Cash.

You can start trading in Bitcoin Cash at CXIHUB right now. CXIHUB also enables you to store your Bitcoin Cash securely in our wallet and you can also proceed to transfer your Bitcoin Cash to your CXIHUB wallet.

Why you should be investing in cryptocurrency instead of the stock market.

Stock Market Vs Cryptocurrency

Complexity- Learning curve

Share markets have become a puddle of acronyms and so full of technical complexities that a normal person cannot optimally invest in it. To analyze various positions and then find out an optimal pick with sufficient return is an enormous challenge. This knowledge requires complex financial analysis. Instruments such as mortgage-backed securities (MBS), asset-backed securities (ABS), collateralized mortgage obligations (CMO) or collateralized debt obligation (CDO). The crash in 2007 showcased how even top rating agencies are no good at assessing risks. Bitcoin and other currencies although new are comparatively much easier to comprehend and grasp it’s potential. You need not take specialized training as you’ll find a lot of great content online to easily and quickly make you understand.

Returns

Bitcoin started as a response to the 2008 subprime cases, when the people had lost faith in the stock market and the banking industry in general. The influence of the government on the market and failure of control by the central node was noted at this time. Over the past 6 years Bitcoins has consistently outperformed any other form of investment (2011- Bitcoin +1500 percent, 2012- Bitcoin +299 percent, 2013- Bitcoin +5400 percent, 2014- USD +13 percent, 2015- Bitcoin +37 percent, 2016- Bitcoin +130 percent) In contrast The National Stock Exchange Nifty has given an average annual return of 12.5% in the past 15 years.
https://www.tradingview.com/x/dUNKrnsq/

Bitcoin Chart1

Competition

Extreme competition in stock markets has reduced margin of profits to extremely low levels while still maintaining a disproportionate risk factor. Ginormous firms control stock purchases and hire research teams to actively manage their stock positions. it’s hard for an individual investor to realize any substantial profits in this environment. Crypto currencies on the other hand are a boon for the individual investor, bringing parity between big investor funds and individual investors.’ Investment Bankers buy high expenditure technological equipments to gain an edge in trading. Big firms often buy super computers and set up their offices right next to the stock exchange to enable highly complex algorithm to trade and earn profits for them. Trading at more than a Trillion times a second. The benefit of investing in cryptocurrencies is that you do not have to compete against such giant players which will always have a lead because of their massive investments.

Liquidity

Bitcoin is a high liquidity when compared to stocks since it is essentially a form of money. While you cannot exchange goods for stocks you can do so with bitcoin. This enables one to store a larger amount savings as investment as one can instantly use them for exchange for goods and services. Its like keeping money in the form of money and yet investing it at the same time!

Flexibility

Crypto investments offer you great flexibility. Crypto markets are global and face very less restrictions this allows you to freely move between any form of investment anytime anywhere and instantly. Emerging ICO’s (Initial Coin Offerings) offer the flexibility to invest in early stage ideas. Thus you can participate in global innovation and fund those projects that you feel are going to perform the best without being restricted to a single nation or specific users.

Early bird gets the worm

The stock market has already saturated and thus profit expectations are low. Currently the markets are estimated to be in a bubble as bears are pushing to new heights. It is expected that the bursting of this bubble is imminent and would reduce the markets to more than half of what it is today. Bitcoin is just starting out, even now the cryptocurrency market cap is at 450 Billion dollar(24/2/2018), with the highest being in January 2018(830 Billion), a fraction of the attainable market cap of an estimated 10 Trillion Dollars.

Bitcoin Chart

Beyond Bitcoin, A sneakpeak into Blockchain’s glorious future

Beyond Bitcoin

The biggest innovation of Blockchain based peer to peer technology is not Bitcoin or Ethereum or other applications but the Economic System that it enables, which had been previously unachievable.

Let’s understand these economic implications by breaking them down. By understanding these economic implications we can understand Blockchain’s application and how it is a power that will fuel future institutions.

Contracts facilitate trade.

When a bank gives you loan there’s a contract that you will pay back with interest. When you rent your building you expect the tenant to fulfill her contract by paying rent each month. When you eat at a restaurant there’s a understood contract that you will pay after finishing your meal, you simply can’t just walk away!

Now, these contracts are enforced by the Government through the trio of legislature judiciary and executive. The problem with this is the uncertainty involved, laws are equivocal, the process time consuming and the results almost always unsatisfactory. The system requires too much trust to be placed in the Government which leads to inefficiency.

Blockchain makes automatically executed contracts possible. Contracts that are not governed by law but by simple clear rules coded into the contract. This is better illustrated with an example:

I want to purchase a mobile phone from bmazon.com however they will not deliver unless I send money first and I don’t trust them enough to do that. An auto executing contract can be entered into by both parties.

The rules are set. Once a working condition phone is received by the buyer money is transferred to the retailer. The money is taken into escrow from the buyer and the retailer has to deliver the phone within the specified time frame. The phone is received opened and the contract is automatically executed. If the retailer does not deliver and the time period elapses the funds are reversed to the buyer.

The beauty of this concept is that it can happen every single time with any such transaction and between any users, no matter how unfamiliar they are with each other.

This is a major reason that lead to the development of Ethereum , a decentralized platform to run such smart contracts.

Powerledger more specifically allows to trade in contracts that deal with energy, it is a blockchain that allows user to trade energy similarly to as they would trade currency.

Trust enables economic activity.

Humans Beings are naturally sceptic That is to say that we do not like to trust, and it is wise to do so. It is our distrusting nature that enables us to examine risks, proceed with caution and minimize losses but due to lack of trust there are also a lot of opportunities that are lost.

Blockchains overrides this problem by creating trustless systems.

We currently have to trust companies such as Google, Microsoft to keep our data secure, and how secure is our data? There is a simple rule in data security anytime data is stored at a central place it can be hacked. Snowden reports revealed that tech companies are strong armed by the Government into sharing private consumer data.

Blockchain by being decentralized in nature provides an alternative. Consumer data can be stored on peer to peer networks instead of private servers.

Examples of new enterprises that utilize this feature are:

Cloud Storage- Instead of relying on private owned services such as Google Drive, Onedrive, Dropbox you can use StorJ.io

A New Internet- The internet today is increasingly becoming centralized, big companies such as Google, Facebook act as monopolies, Government interference is on the rise and from being a place which welcomed the underdogs it has become a place for only the powerful to shine. This is especially true now with the Net Neutrality rules being repealed by the FCC.

Blockstack is the vision for a new internet an internet free from these deformities, a place which it originally was, free, open and innovative.

Decentralized economic systems are better than centralized ones.

By its very nature decentralized systems rely on the help of many while centralized systems relies on the power of one, and no matter how strong the one is, it will still be overpowered.

The power of decentralization can be realized by thinking of giants like Amazon, Uber and Airbnb. In a short time these companies cornered a major market share by providing a collaborative environment. The true power of decentralization can only be obtained when even these intermediaries are removed. Such organizations are called Decentralized Autonomous Organizations (DAO’s)

A free open market OpenBazaar acts as a platform for buyers and sellers to interact directly.

ArcadeCity is an example of a peer to peer ridesharing wherein drivers can set their own rates, directly interact with passengers while sharing no payments with an intermediary.

Steem.io is a social network where content creators are paid for content created, when you post a picture on Facebook you receive nothing but when you do that on “steem” you receive cold hard cash in the form of Smart Media Tokens.

A platform that connects farmers directly to grocery buyers, Demeter.life. This is a new revolution in agriculture as it enables consumers to micro manage farms, removing risks from the farmer, the consumer herself chooses the inputs to the farm and gets the produce.

Immutable Records

Recordkeeping is essential for any economic activity to prosper and recent data security risks have made cost of keeping records high and the process complicated and so rigorous that it is hard and time consuming to access records.

Blockchain’s forte is its mind-bogglingly robust way to keep records straight.

This makes it perfect to digitize ANY asset and maintain records with the highest security possible, while sharing information is easy at the same time.

Take the example of property records.

Property records are one of the most cumbersome documentations to maintain, keeping them on the Blockchain would not only facilitate fail proof records but easy property transfers as well.

TeachMePlease.io aims at recording all academic achievements, diploma, degrees, certificates, of a person with proof. Therefore acting as a curriculum vitae that is instantly accessible and verifiable, no need to reproduce original documents each time.

Another powerful application of this concept is the cap and trade system proposed by Joe D’Angelo, recording carbon consumption, capping it and making it tradable. At the same time making carbon usage data by companies publicly available.

Voting can also be radicalized through Blockchain application, in light of accusations of voting machines being rigged, Blockchain technology can provide an efficient, provable and unfailable method to secure voting.

Automated, Trustless and Decentralized, Blockchain is one of the most radical innovation of the 21st Century. These are but a few of the ways that the world is changing with Bitcoin, by seeing the new possibilities Blockchain brings with it you are sure to realize that are we are headed for a really spectacular future!

Trend of Blockchain

Trend of Blockchain

Some of you would have by now heard of the term “blockchain” . Still a relatively difficult term to decipher, blockchain is growing in popularity with each passing day. So what exactly is blockchain? In layman’s term, blockchain can be referred to as a digital ledger in which records of all transactions that are made through cryptocurrencies such as bitcoins can be maintained. As cryptocurrencies are gaining in popularity, blockchain is also increasingly being used across the world. As of today, blockchain remains the most effective digital ledger system.

Blockchain: A Historical Perspective

Although blockchain was first described theoretically back in 1991, it was conceptualised in the year 2008 and implemented the following year, as a core component of bitcoins. Historically, cryptocurrencies always suffered from the double spending problem ( an inherent flaw wherein the same digital token gets spent more than once). Before blockchain, all digital currencies required a trusted administrator to eliminate double spending. Now with the advent of blockchain, a trusted administrator is no longer a necessity.

Blockchain Benefits

Let’s have a look at the specific attributes of blockchain and how they prove beneficial to people transacting through cryptocurrencies.

  • Perhaps one of biggest advantages of blockchain is it’s public nature. Basically a peer to peer network, all transactions taking place through cryptocurrencies such a bitcoin can be checked and if needed, validated by anyone
  • The transparency offered by blockchain makes it ideal for high value transactions, transactions between two entities that are in different parts of the world etc.
  • It’s perhaps the most inexpensive way to transfer value, coupled with the fact that blockchain can be accessed by anyone anywhere using only an internet connection makes it very effective
  • Blockchain reduces the complexities that are generally involved in transactions using digital currency systems. It majorly simplifies processes such as analysing, cross referencing and also communication between various systems, contracts, intermediaries etc.

Blockchain Trends & Predictions for future

Already, global behemoths such ad Deutsche Bank, IBM, Microsoft are analysing and investing in blockchain. Likewise, many governments and organisations have put their money on blockchain. To elaborate,

  • The global blockchain market is expected to increase significantly over the course of next few years and is expected to be worth 20 billion U.S $ by 2024
  • 90 percent of North America and Europe based banks are exploring solutions pertaining to blockchain
  • Another interesting fact to note is that in the last 5 years, venture capitalists across the world have invested in excess of 1 billion U.S $ in it
  • The U.S federal reserve, with the help of IBM is currently developing a digital cash system using blockchain
  • Some analysts have even gone to the extent of saying that blockchain today is exactly what the internet was 20 years ago