Bitcoin is a peer-to-peer (P2P) decentralized digital currency with an entirety market limit at over $100 Mio that is not government-backed like conventional currencies.
The inventive step behind establishing Bitcoin was to generate a new category of electronic currency that was anonymous, safe and self-governing.
Right now, bitcoins are issued according to regulations agreed on by the majority of the Bitcoin network.
It was determined that only a limited amount of bitcoins will be released. Until 2140, there will be a scheduled release of only 21 million coins. Continue reading “Bitcoin – Imagine a World Without ‘Money’” »
“Money” comprises a multifaceted ecosystem of private and public sector institutions which keeps on going digital, is probably getting virtual and possibly becoming universal.
“Digital currencies” is used as the collective term for financial cryptography and its enabling technologies including electronic money (e-money), electronic currency (e-currency), electronic cash, digital cash, cyber currency, Electronic Funds Transfer (EFT), direct deposit, digital gold currency (DGC) and more. Continue reading “The Digitalization of Money” »
In the financial services and banking industry, Big Data isn’t a choice anymore – it is the new reality, because it continues to be flooded with global data from financial transactions, customer interactions, demographic information, social media data and records relating to financial and purchasing behaviors. Continue reading “The Need for Global Financial Data Solutions” »