BLOCKCHAIN FOR NEWBIES
I believe blockchain technology could quickly solve the vast majority of our cybersecurity issues. The best part is that blockchain technology stands ready, right now, to make significant improvements to the internet’s security infrastructure — without the years of R&D traditional tech would need to catch up.
Which is why Bitcoin is an excellent idea. It fulfills the needs of the complex system, not because it is a cryptocurrency, but precisely because it has no owner, no authority that can decide on its fate. It is owned by the crowd, its users. And it has now a track record of several years, enough for it to be an animal in its own right.
At the core of Bitcoin and Ethereum technologies is the cryptographically secure digital ledger known as the blockchain. It’s a digital ledger where cryptocurrency transactions are recorded chronologically and publicly. Indeed, as the popularity of cryptocurrencies has grown, so has the banking industry’s interest in blockchain for fintech, with an increased and focused push on bank-backed blockchain projects.
There's a feeling that people today are naming new assets as traditional cryptocurrencies, ICO tokens, utility tokens etc. This leads to the confusion for the media and the wider crowd.
They start to believe that everything containing crypto – or token – is magic and possesses some kind of new features and monetary model. Regulators are the last to catch up, sometimes allowing everything that looks innovative, without deep analysis of the matter.
Competition in the world of all-in-one blockchain solutions has been heating up these past few months. Multiple companies and projects aim to make a meaningful impact in this area. ARK claims to have the technology in place to become one of the world’s top blockchain service providers moving forward. With a team of 17 core members, a lot of interesting things are on the horizon.