Driven by customer demand, automation has enabled great strides in enterprise networking. Network-as-a-Service (NaaS) has unlocked the ability for organisations to set up and tear down links between assets and scale bandwidth in real-time, matching the capabilities of the cloud. But in the back end, especially when it comes to settlement, many service providers still rely on manual processes, and this is where blockchain innovation offers much promise.
You may have heard the word “blockchain” floating around quite a lot recently. However, you may be unsure of what it actually means. However, with companies expected to spend $20 billion per annum on blockchain technical services by the end of 2024, it’s time we all got a bit more familiar with it. Below, we will explain what blockchain is and the technology behind it so you can get a better understanding.
The world of web development happens to have ceaseless wonders in it. The arena is now reverberating with a fresh buzzword and it is blockchain technology. With an appropriate implementation of blockchain technology you can help a web page track effective databases with more panache and flamboyance.
Blockchains, once considered a nascent, frontier technology, have become increasingly critical infrastructure for enterprises that want to keep pace with the future of information and value transfer. A blockchain is a shared digital ledger of transactions that is duplicated and distributed across a network of computer systems. The ledger is nearly impossible to cheat or hack, because it is verified by multiple participants across the globe and underpinned by cutting-edge cryptography.
Most people in the world are familiar with legal tender paper money — also known as fiat currency — and how to access it online through a bank website, ATM, or mobile app. The idea of “digital money” or cryptocurrency — such as Bitcoin — remains a relatively new concept.
This article was originally published in The New Stack. Given how volatile Bitcoin price is, an automated alerting system can be valuable for preserving our attention and sanity. We can pay attention to Bitcoin only when the price action is interesting. Momentum, that is buying an asset that has done well in the past, has been one of the most persistently effective trading strategies — see Clif Asness: “Value and Momentum Everywhere” and Tzouvanas (2019).