Sometime around May 11, 2018, unnamed sources told Cheddar.com that Facebook is exploring the creation of it's own cryptocurrency, and needs to make acquisitions in the blockchain and cryptocurrency space in order to develop its this virtual currency.
The social media giant began its examination of blockchain technology to see how it could also be used to help Facebook verify the identity of accounts and encrypt data.
David Marcus, VP in charge of the Messenger app, will lead a team of less than a dozen Facebook employees working on blockchain. No ICO is planned. Their digital currency could take 2 years to develop.
Before laying out our predictions on trends with cryptocurrency, we need to review a bit of history and analysis.
After several years of slow climbing in price, Bitcoin did not significantly start to rise in value until the tail end of 2016. Many analyst attribute this to institutional and retail investors from counties such as China, Japan and Korea. Remember the hit Gangnam Style? As 2017 progressed, institutional money started to increase from the US as well. By the end of 2017, Coinbase had over 13 million users alone. Much more than Charles Schwab. This ended up as a tremendous amount of money poured into cryptoc...
In this series, Lantah is exploring the trends of Cryptocurrency in 2018 and beyond. This is the year of maturity for Cryptocurrencies.
The total cryptocurrency market cap reached an all-time high of around US$828 billion in January of this year. This was the first ever jump in cryptocurrency history which started to climb in April 2017. Then over the few months, we experienced a huge decline in total market cap. The mainstream media declared Bitcoin is dead, crypto social media went silent, and many new investors lost money selling at the bottom. But it is back on track with growth.
Lantah is a fresh-start global ecommerce marketplace. One of our primary goals is to fully engage blockchain technology in as many aspects of the marketplace as possible. From accounts to transactions, from smart contracts to vendors and logistics—building from the ground up offers many advantages.
Utilizing blockchain technology enables Lantah to record a globally traceable and shared record for every transaction associated with an asset.
This allows Lantah to share an indisputable pathway of trust for goods and services. Each blockchain entry is recorded in the order in which it occurs, encrypting before moving to the next s...
The possibilities of blockchain are growing daily. It seems as-fast-as humans can fathom one new use, another joins the party.
Blockchain was originally designed for Bitcoin to be an incorruptible digital ledger, programmed to record financial transactions. As recently as 2015, The World Bank estimated that in the US alone, people transferred $430 billion.
With blockchain technology, middlemen are being cut out of the picture while security is significantly increased. Finance was one of the first use cases of blockchain technology but that is rapidly changing.
Today there are hundreds of cryptocurrency coins available and just as many uses, w...
The IoT will integrate into the blockchain, along with the highly beneficial feature of smart contracts, to improve our lives dramatically.
Lantah’s vision is to make these possibilities a reality for you.
Back when I started out in the business world, fragile electronic equipment was shipped in boxes that had an analog device attached to them. It looked much like the bubble tube you find in a leveler.
If the box was exposed to a heavy impact, the tube would be red in color indicating such an impact occurred and that the contents inside may have been compromised. The company purchasing from the manufacturer had the rig...