Some experts believe that ring signatures provide unparalleled privacy to the users of a network. Ring signatures are a branch of cryptography that has very similar features to the encryption process of cryptocurrency platforms. Recently, cryptocurrency firms that place privacy on a pedestal turned to ring signatures to elevate their currencies to higher levels of confidentiality. A brief history of ring signatures Ring signatures were invented back in 2001, way before cryptocurrencies were conceptualized. The signatures are a form of group signatures that allegedly leave no path to identify the real signer of a ring signature transaction. Like all...Read More
Author: Fintech Crypto News
The Business Blockchain: Promise, Practice and Application of the Next Internet Technology - A Review
4.5/5 If you’re looking to understand what the blockchain is, and why it is such a big deal, we definitely recommend this book. The author, William Mougayar, has 34 years of technology industry experience as a consultant, entrepreneur, advisor, innovator, and strategist. The beginning of the book recounts an anecdote of the author sitting down with Vitalik Buterin, the founder of Etheruem - which is the second biggest blockchain platform and cryptocurrency. Mougayar captures the basics of blockchain platforms in technical as well as non-technical language, and the book is sprinkled with easy metaphors and examples to help any...Read More
Cryptocurrencies are worth millions of dollars today; a huge incentive for cyber attacks. Popular media publications have repeatedly reported the issue: ‘Crypto theft is becoming a huge problem’ – The Business Insider ‘$1.1B in cryptocurrency was stolen this year.’ – CNBC News ‘Bitcoins worth Rs. 20 crore stolen from an exchange in India’ – The Economic Times In truth, most people lose cryptocurrencies because they put their trust on capricious crypto-exchanges and companies. It’s virtually impossible for anyone to hack into a blockchain network. The networks have a private key and a public key, and it’s extremely secure. In...Read More
Ignorance is bliss; however, people notice when the bliss starts exponentially consuming the planet’s resources. Today, let’s open the can of worms and sort through the growing concern of extensive energy consumption involved in cryptocurrency mining and what’s being done to make the good-will currency greener. In the growing anticipation of a decentralized currency, many of us forgot to ask where the digital currencies were coming from. The technology used to transact cryptocurrencies is slightly more familiar. Every crypto-enthusiast knows this: Blockchain technology, the underlying technology of cryptocurrencies, is popular today for being an open online ledger and is...Read More
Privacy Settings; Are we really okay with the current standards or will blockchain tech save the day?
In the early days of marketing communications and IoT, the public exulted in what seemed to be high-tech personalization and integrated controls. When did the excitement begin to ebb? Was it Facebook’s Cambridge Analytica data privacy scandal? Or Target’s credit card data breach? Unfortunately, the public’s eyes were opened much before the scandals, only, they were powerless. People’s web searches prompt marketing software to display related ads; do the following look familiar? ‘People who searched for this also clicked on that’ or ‘We have new offers in this’ or ‘Because you searched for that’ It’s true that we are...Read More
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