Can bitcoin style virtual currency replace cash?

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The government is interested in cryptocurrencies such as bitcoins, which means that most virtual currencies, economic system and authorities financial models are cashed without joining a residential bank. Citizens can transfer large sums of tax without the knowledge of the authorities while avoiding or facilitating the payment of taxes.

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How blockchain is causing a tech evolution

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When the Internet gained ground and experienced exponential growth and adoption, many countries started experiencing immense benefits from innovation. One area though of service delivery though that needed to evolve to survive was the postal system. Will blockchain have the same effect on some services?

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Blockchain and conflict minerals

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African is well known for its mineral wealth many of which is rare, expensive, and in high demand. However, Africa is also well known for civil strife especially in areas where these minerals are found. One mineral that was recently classified as a conflict mineral is tantalum.

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Was Bitspark another blockchain-based bubble?

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When it comes to adopting blockchain applications, there is usually a cultural lag in many societies. It took several years for millions of people to start using the internet and its various services. However, it appears blockchain adoption may take a similar root, with some countries catching up perhaps decades from now.

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How Africa can immensely benefit from blockchain technology (part 3)

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In this article, we will discuss how Africa can still benefit in other areas such as credible voting.

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All about the energy which bitcoin consumes

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The word “bitcoin” may be a symbol of fire. The financial union looks at speculation where there is still no rule. At the same time, others argue that this is something that interferes with the overall life of US financial institutions.

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Wrong concept of Venezuela’s Petro in order of cryptocurrency

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Venezuela is facing the worst financial crisis of its time. President Nicolas Maduro is fighting the government’s fight against drugs, food and drug shortages, rising crime and damage to public services and the health care system.

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Are smart contracts in their current form the ultimate?

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The term “smart” in smart contracts may well excite many readers to think they are the ultimate solutions. Perhaps you may think of smartphones and what they are capable of doing. You use smartphones to surf the net, send emails, watch movies, conduct zoom meetings, transact, take pictures and videos, learn, teach, and many other everyday conveniences. While that is smart indeed, does the same apply to blockchain’s smart contracts in their current form?

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Blockchain and unintended environmental costs

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Blockchain technology is just rising and its full wider adoption is yet a few years from now. However, could there be some unintended consequences of using Blockchain, more so on a wider scale?

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Scams of cryptocurrency may work

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Millions of cryptocurrency investors have been scandalized. In 2018, cryptocurrency crime losses were 1.7 billion. Criminals used to separate old and new technologies called blockchain. A form of digital currency that can be exchanged through an online database.

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