A Closer Look At Stable Coins & Centralized Cryptocurrencies
Dinar Dirham Blog | Innovation Creates Future
by admin
2y ago
As the original and first cryptocurrency, Bitcoin, was built on the premise of delivering decentralization, removing the control of institutions (governments) that they hold in the form of day-to-day fiat currencies. However, further growth of the crypto universe is bringing with it a large number of coins – that, some may argue, goes against the spirit of decentralization, these would be centralized cryptocurrencies. With further changing of cryptocurrencies, there have arisen a new type of crypto, stable coins, which are pegged to stable real-life assets, such as gold and the US dollar. Here ..read more
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Cryptocurrency Use In Indonesia
Dinar Dirham Blog | Innovation Creates Future
by admin
2y ago
Indonesia – a land of islands, one of which is rather well-known by people all around the world: Bali. As a developing country, Indonesia has been generally welcoming to technological innovations, including blockchain – as shown by the presence of the Indonesian Blockchain Association. However, as Forbes would argue, Indonesia would still have a rather long way to go before they can fully implement and accept blockchain technology: which is through education and tech-savviness. In relation to cryptocurrencies, how are they viewed, and is there any difference on Indonesia’s stance on them when ..read more
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Crypto Wallet Hacks – How They Happen & How You Can Prevent Them
Dinar Dirham Blog | Innovation Creates Future
by admin
2y ago
There can be no bigger cases of security being compromised in the crypto universe other than hacks. From time to time, there can be a lot of them – whether small or large. While some of the biggest cases might have made it into the news (think Coincheck with $534 million stolen), the smaller ones might go unheard of. Below we take a look at various ways that a crypto wallet can be hacked, and what you can do to help prevent money from being stolen from your account. While usually all the hacks stealing money away from individual users’ wallets take advantage of their private key, they can come ..read more
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Will Bitcoin ETFs Ever Be A Thing?
Dinar Dirham Blog | Innovation Creates Future
by admin
2y ago
Yes – no – maybe – perhaps… the answer to the question in our title varies depending on where you might hear it from. And in case you’re wondering what a general ETF is, you can read more about that here (just don’t forget to come back to this article afterwards). A Bitcoin ETF, is an ETF that mimics the price of Bitcoin, the most popular and leading cryptocurrency in the world. With a Bitcoin ETF, investors all around the world could buy into the ETF without having to follow the complicated processes of trading Bitcoin directly. Investors would also be able to participate in crypto trading wi ..read more
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A Look Into Blockchain Adoption Rates From 2016 – 2018
Dinar Dirham Blog | Innovation Creates Future
by admin
2y ago
As cryptocurrencies got more popular with their skyrocketing rises in 2017, so did the underlying technology that provides the bases for them – the blockchain. First implemented for the public to use when Bitcoin was released in 2009, the blockchain has become one of the most-talked about trends, hitting its peak in terms of search volume on November 26th, 2017. While this seems good for the adoption of blockchain, how is it actually going in numbers? Let’s take a look at adoption rates over the last couple of years. 2016 – The Enthusiasm Started Growing Although at this time the price of Bitc ..read more
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Japan And Fintech
Dinar Dirham Blog | Innovation Creates Future
by admin
2y ago
A rather modern country, Japan has long been recognized as a pioneer when it comes to the implementation of various innovations. Japan is even leading in the count of vehicle production as it’s ranked #2 in Asia, manufacturing no less than 9 million of them, only trailing behind China. Just like how their cars continue to bring the latest technologies to the automobile industry, Japan is also a hub to an ever-developing Fintech industry.     As this fintech industry grows, Japan has tried their best to support and facilitate its development. Since the start of growing investment ..read more
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The Rise And Fall Of Fiat Currencies
Dinar Dirham Blog | Innovation Creates Future
by admin
2y ago
Fiat currency refers to any currency that a government declares to be legal tender. Legal tender in this context means that the money has the full backing of the government that issues it. Throughout history, fiat currencies have had the order of rising and eventually collapsing, often due to devaluation. Initially, paper money gets introduced into an economy whereby it creates an economic boom. Over time, however, it gets overprinted, slowly building inflation and losing value. Eventually, it devalues enough to lead not only to its own collapse but also that of the economy connected to it. La ..read more
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Biggest Cryptocurrency News For September
Dinar Dirham Blog | Innovation Creates Future
by admin
2y ago
While the cryptocurrency market has been in a long-trend of bearish sentiment for a while now – ever since Bitcoin hit its peak of $20,000 in December 2017 – lately there have been some intriguing news that have been playing a part in the recent developments of the crypto universe. One of the most notable and recent being how Ripple surpassed Ethereum to take the number 2 spot in the crypto market cap on September 20, 2018. By the day that this article was written, though, (October 3rd, 2018), Ripple is back on spot number 3, having again being left behind by Ethereum by a difference of around ..read more
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PoW, PoS, DPoS, Consensus Mechanism And Super Representatives
Dinar Dirham Blog | Innovation Creates Future
by admin
2y ago
In this infographic, we talk about ‘PoW, PoS, DPoS, Consensus Mechanisms, And Super Representatives’. First, the infographic will cover what a consensus mechanism is and what it does. For example, you’ll learn things such as that all consensus mechanisms aim to secure the network by making it expensive to attack the network and more profitable to help protect it, and more. From there, you’ll learn about Proof-of-Work (PoW), how it works, and the benefits it has for those who decide to use it. You’ll learn things such as that PoW is the first and still the most common distributed blockchain pro ..read more
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Is Blockchain Over-Hyped?
Dinar Dirham Blog | Innovation Creates Future
by admin
2y ago
“Blockchain” is one of the most popular modern topics that people are searching these days – especially during the period of December 2017 – January 2018, when Bitcoin’s price hit a record of $20,000. This is no wonder, since blockchain is the technology that underlies the core principles of Bitcoin: fast transaction times, decentralized, transparent, and secure. However, like everything else popular, the blockchain doesn’t stop at Bitcoin – it goes much further, branching off here and there. Many software and IT experts are developing their own blockchains that aim to solve uni ..read more
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