Blockchain Archives - 2100NEWS

Guest authorAugust 3, 2020
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7min234

 

Bitcoins are defined as a crypto currency, which is a digital currency or a currency that is virtual. You can also say that it is an online version of cash that can be used to buy goods and services. But one thing, Bitcoins are not accepted at every shop. Many countries have banned them altogether, even social media agency Dubai has also marketed the bitcoins because of its enormous favorable benefits. In actual, the bitcoins we usually see in images, are innovative. If the secret code will not be printed inside them, then they would be considered as worthless.

Let’s get deep into the workings of Bitcoins for your awareness and understanding and to answer your wished thoughts and questions.

 

What does Bitcoin work?

Every single Bitcoin is a computer file that is stored in a digit wallet app on a smartphone or computer. One can send you those Bitcoins from their wallets, and you can send them to others likewise. Every transaction of yours is then get saved in the public list called a block chain. It helps to get people traced and restrict them from spending extra if they are spending coins they do not own or making duplicates or undoing transactions.

 

How to get Bitcoins?

There are three key ways to get Bitcoins:

  1. You can get Bitcoins by giving real cash.
  2. You can sell things in replace to buy Bitcoins.
  3. They can be bent through the computer system.

 

Creation of Bitcoins?

For the Bitcoin system works, people can make their computer method transactions for one and all. Computers can perform complicated sums. The owner can be rewarded for the Bitcoins occasionally as well. Many people used to set up powerful machines to get and try Bitcoins, which is also called mining.

 

Are they valuable?

In our everyday life, many things are considered valuable for transaction purposes, just like gold, diamonds other than money. Similarly, the Aztecs have given the worth to cocoa beans as money! Equally, Bitcoins are also valued because they can be easily exchanged for real goods and services even against cash.

 

Are Bitcoins right for online Business?

Bitcoins is one of the emerging markets for customers who already have bitcoins and want to spend them. They are one of the safest ways to handle online payments of businesses. Introducing Bitcoins in your online markets give new exposure to your customers and make them unique. It also provides some new visibility to your Business. Accepting the latest payment methods represents one of the cleverer practices adopted by online businesses.

 

Easy to send online payments across borders

To send payments across borders is far easy through bitcoins. No bank hurdles, which could spend your time for days to wait for the processing of the payments. No extra fees for international payment transfers. Even there is not any limitation on the amount of money you can send. Using them allows a high level of transparency because you can provide evidence to authenticate balances and transactions through the blockchain. Like, non-profit organizations can permit the community to see how much they have in donations.

 

Security of Bitcoins

Every transaction of yours is recorded publicly, so it’s tough to duplicate them. And to make fake copies or to spend the ones you don’t own. Numerous consulting companies offer staff augmentation ​services to keep a record of the bitcoins and keep a check on their flow. In case, if you lose your wallet or get them deleted, you may lose them forever. If your Bitcoins are being theft through the website, then you can let them stored remotely. Their value keeps on fluctuating every next day, like many used to consider it the safest medium, whereas others used to feel unsafe to turn real money into Bitcoins.

 

The interest of people towards Bitcoins

Many Bitcoin users liked the fact that state laws or banks are not controlling them. One can spend the bitcoins reasonably anonymously. Even though all transactions are chronicled, nobody would be aware that ‘account number’ was yours unless you shared them.

 

Conclusion

Bitcoin has come to transactional popularity so quickly. Many companies around the world have started using it with high satisfaction and reputation. Whereas many consider it invaluable or unsafe as well. People in third world countries are finding Bitcoins as the most reliable source of giving and taking money.

Bitcoins are taking hype day by day, and will shortly rule the world in case of business transactions as the safest medium.

 

 

Guest Author: Umer Ishfaq


Guest authorJune 19, 2020
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1min389

Do you own Bitcoin? Do you buy with it, trade it, perhaps gamble with it?

 

The oldest, biggest, sturdiest cryptocurrency still rules over the crypto world however even the digital giant felt something when the COVID-19 pandemic began in March 2020. Charts swayed and some of the biggest Bitcoin enthusiasts were filled with doubt but don’t fear, Bitcoin is well.

 

For those of you who are considered experts in the Bitcoin community and everyone following Bitcoin’s price fluctuations for the sake of your own coin’s future, you probably already know at least some of the information pictured below. To get a better grasp of what was going on with Bitcoin during the pandemic and where Bitcoin is now, see the following infographic, courtesy of Gamblineers: Bitcoin vs. Covid-19 – Bitcoin’s journey through the COVID-19 pandemic.

 

 

 

Guest author: Rok


Guest authorMarch 25, 2020
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5min728

Cryptocurrency has become a global phenomenon, and it is a form of payment widely accepted today by many online and offline merchants. Two decades ago, this was not the story; cryptocurrency was initially written off as a scam project or something that would not stand the test of time.

The digital currency is proving doubters wrong, as more people gravitate towards cryptocurrency use and trading. In the year 2018, only about 21% of adults in the U.S had no idea what cryptocurrency is. As the cryptocurrency wave continues to sweep through the globe, even businesses are beginning to see how important it is to incorporate it into their payment system.

 

Cryptocurrency and Bitcoin: Do They Mean the Same Thing?

A 2019 Yahoo report states that there are approximately 2,957 cryptocurrencies available as digital currencies. While most of these currencies are not known to many, a digital currency like Bitcoin is probably the first thing anyone with interest in the crypto world would come across. Some people even find out about Bitcoin before understanding that it is just one of the many cryptocurrencies.

As the first cryptocurrency to hit the blockchain technology, Bitcoin accounted for over 66% of cryptocurrency value as at the end of 2019, and its acceptance all over the world continues to rise. Ryan Radloff, using data from Coinmap shows a 702% increase in worldwide acceptance of Bitcoin and key statistics reflect that there is over 17 million Bitcoin circulating in the digital currency market.

These statistics are astonishing, but what most people really want to know is “where is Bitcoin currently accepted?” and “who is currently accepting Bitcoin?’’

 

Who Accepts Bitcoin Today?

An increasing number of countries are beginning to embrace the acceptance of Bitcoin, as more than 11 currently allow it as a means of conducting business transactions. Almost all types of industries accept the digital currency in their business transactions today.

Worthy of mention are:

  • AT&T
  • Expedia
  • Microsoft
  • Burger King
  • Subway
  • Namecheap, etc.

Online stores are not left out of this new trend, too, Bitcoin.Travel, Pink Cow in Tokyo, Zynga, vendors of Etsy, Jefferson Store, MIT Coop Store, Shopify, and many others are among stores that accept the virtual currency.

SpendMeNot has provided a detailed list of over 120 companies that currently accept Bitcoin as a means of payment, and it’s definitely worth checking out.

 

 

Conclusion

Some years ago, Bitcoin was seen as just a form of investment. Today, it is way more than that. Businesses that incorporate the use of Bitcoin in their day-to-day transactions have increased their customer base considerably, as a lot of people are more comfortable making payments with the cryptocurrency.

This preference is mostly by consumers who are aware of the digital currency’s purchasing power and are cautious of cyber-attacks. Though Bitcoin still has a lot of ground to cover (in regard to its acceptance), its adoption is growing daily, and it is just a matter of time before it is accepted everywhere on the globe.

 

Guest Author: Stefan Ateljevic


Guest authorJanuary 30, 2020
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6min837

The cryptocurrency which may also be referred to as the digital currency has affected the digital marketing agencies in Dubai in the blink of an eye. The number of consumers of digital currency has been increased to a huge extent. The social media is also played a huge role to make the digital currency e popular

Bitcoin- a digital currency

Bitcoin is a new type of currency that has been introduced into the market. It is a very innovative method of payment. Cryptocurrency is a new type of digital currency that uses different patterns of security to protect your data and money. It was released in 2009 and after about a decade now it has become a huge platform where people can transfer their money from one person to another more securely. Also, it is a very good way of transferring money because it takes charging money through Bitcoin. Bitcoin is taking over the whole world and people cannot be happy about it. The best thing about cryptocurrency is that it gives us a decentralized feature and also is very fast. People can use it without having to spend a lot of money in a very secure manner. People are investing in cryptocurrency and are getting huge profits from it. This unique way of transferring funds from peer to peer is attracting a lot of people towards it.

Cryptocurrency’s backbone

Blockchain technology has helped a lot in bringing the cryptocurrency as well as powering it. If there was no blockchain technology, there wouldn’t be any way where the Cryptocurrency could establish. The blockchain technology is not what limited to just cryptocurrency. It has a very huge impact on digital marketing as well. If we look from a deeper perspective, we will realize that the block chain technology has both positive as well as negative impacts. This is the reason why there is a need to prepare a proper campaign so that proper advantage from the digital currency can be taken without affecting the market in one way or the other.

The impact of digital marketing on cryptocurrency

  • Accessing the data

The first and the foremost thing that comes in our mind when we want to make something popular is to bring it to the eyes of the people so that they can get influence from it. This is what digital marketing has done to cryptocurrency. That digital marketing agencies use social media apps like Facebook Instagram Twitter and more to collect as well as sell the information to the consumers. This approach is working well because most of the people use digital media apps to get the news. This makes it easy for companies to inform the people through these apps. Not just that this is a very cost-effective way to inform people about cryptocurrency but also it increases the popularity as well.

  • Consumer empowerment

Digital marketers are nowadays using cryptocurrency so that they may sell the information to the consumers by making money through the companies. This works in a way that the companies make digital marketing companies advertise their products. Another good thing about this is that the advertisers would not be able to get any data from the users. The end to end-users will remain anonymous.

  • No middleman involvement

The cryptocurrency becomes even better when we get to know the fact that there will be no involvement of a middle man like social media apps including Facebook, Twitter, and Instagram etc using the Artificial Intelligence and doing so much more stuff unknown to us. Due to the moving technologies, cryptocurrency has got benefited to a huge extent. It has already started bringing revolutions in the industry and we are looking forward to so many more of them.

 

Guest Author: Umer Ishfaq


Guest authorJanuary 29, 2020
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5min681

[29 January, 2020, Hong Kong] — Quanta’s board of directors is today pleased to announce the appointment, with immediate effect, of Harmen Brenninkmeijer as the company’s new Chief Executive Officer.

Following the strategic review conducted by Dynamic Partners, the board were impressed with Harmen’s vision for Quanta’s future and subsequently made it their priority to secure Harmen’s commitment to lead Quanta through this period of change and onward through the company’s next period of evolution as a leader in the design and utilisation of blockchain to create gaming solutions that enhance potential whilst lessening barriers to entry.

Quanta stated, “Harmen is the ideal person to lead Quanta. He has significant experience in gaming as an operator and as a supplier and has a unique understanding of the challenges of all parts of the gaming business. He has worked in many countries and his network will help Quanta to expand its reach and establish new customers and partnerships in high growth markets. Harmen led the strategic review undertaken by Dynamic Partners and has made, and will implement, the recommendations resulting from the review. Harmen will focus on the stabilisation of the company, resetting the vision and the implementation of best practice across business development, product development, operations and management.”

“You can see from my track record that I have always had a great interest in emerging technologies in the gaming space. My feeling is that Quanta is the leading proponent in the development, operation and support of regulated gaming solutions that utilise blockchain. Our vision is to be the leader in this new space and to develop solutions that are low cost and so suit both highly competitive as well as emerging markets; are tech and currency agnostic to provide as broad coverage as possible; are decentralised where feasible to deliver transparency to the user and the regulator; and that are flexible enough to enable the discovery of new business models. I am hugely positive and excited about Quanta’s future,” said Harmen Brenninkmeijer.

 

About Harmen Brenninkmeijer
Harmen has a long-standing track record in regulated gaming sectors across emerging markets with a reputation for innovation, introducing unique products and adopting new technologies. He has worked in over 70 countries actively supplying gaming equipment, advising and developing the gaming industry.
Before taking the CEO position at Quanta, Harmen formed the Global Chain in 2016, as a vehicle to establish equity projects. Whilst working with carefully selected partners, the Global Chain has established Dynamic Partners, an Asia-based consultancy providing core services to Global Chain’s equity projects and selected third parties including various blockchain-based ventures like D-Tech: a Hong Kong‑based game studio building games for Asian players, Woke: an innovative blockchain‑based gaming project, Digitote: a Sports Betting systems solutions company and another game aggregation team.
Prior to Global Chain, Harmen founded the Gaming Incubator which sourced and brought to market gaming products and platform innovations. He has also served as the SVP Strategic Markets for Inspired Gaming Group after he previously founded Octavian Global Technologies and turned that into a $90m public company within five years. Harmen also developed and managed several land-based casinos around the world. Other notable achievements include: the establishment of Avalon Casino Management, the company that set up the Playboy Casino in Rhodes. During 1991-1997, he established Mikohn’s gaming divisions in Europe, Africa and Japan (covering Asia) into a changemaker. From 1993 to 1997 he was also the founding and inaugural Chairman of the European Gaming Organization elected unanimously for 4 years.

About Quanta
Quanta is a pioneer in the development of blockchain solutions for gaming. In 2017, the company launched the first licensed blockchain lottery, fully utilising blockchain together with its NMI-certified random number generator, Randao, which is entirely built and operated on blockchain. Quanta’s utility token, QNTU trades on six renowned cryptocurrency exchanges including HitBTC and Bit-Z.

 

Press release


Guest authorJanuary 8, 2020
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5min386

[8 January 2020 Douglas, Isle of Man] — Dynamic Partners has completed its previously announced strategic review of Quanta, and has presented its results and recommendations to Quanta’s board of directors.

 

As a result, Quanta’s board has made the decision to implement the following changes, with immediate effect:

Business focus – Quanta will implement the recommended strategy to expand its activities with a focus on b2b moving forward. b2c operations will continue from IOM and via its subsidiaries but Quanta Technology will focus on providing b2b solutions to governments and operators in regulated markets. This means Quanta will look to take greater advantage of its current and future flexible blockchain-based gaming solutions beyond its own operations, expanding the company’s potential reach.

Product development – Agile development practices will be adopted which will help to focus and accelerate development times. Quanta’s product roadmap will be focused on short to medium-term deliverables and all development will be strategically and business focused to ensure commercial potential is established and realised with much greater effectiveness moving forward. All products will be developed in such ways as to increase the potential for blockchain in gaming whilst reducing barriers to entry for non-crypto participants. Quanta will create product generating platforms that can be expanded to multiple use cases.

Myquanta.im – Quanta’s b2c lottery brand and operation will be significantly enhanced for greater user friendliness in terms of onboarding and participation. The crypto barrier will be reduced so that participation is currency agnostic (whilst also accepting QNTU and crypto) and new games will be added much more rapidly. Quanta will continue to use and promote the participation in Randao in the generation of lottery results and intends to scale and make the participation in Randao much more user-friendly moving forward. Once the product improvements are implemented focus will be given to rapidly scale users.

Senior management – The board has requested for all members of the existing senior management team to stand down and is in the process of appointing new senior management that it feels are better suited to implement the recommended changes and to take Quanta forward in its next stage of evolution and growth.

Quanta statement: “This strategic review has been an essential exercise for us to make sure that we have the right strategic vision, appropriate plans in place to achieve that vision and the right team and resources to deliver those plans. It has been a challenging 6 weeks but we feel we are now on the right path to significant growth and are excited about the future. Our focus is on our licensed lottery technology and operation but we see a very exciting future ahead as we introduce more solutions that have the potential to further enhance the gaming ecosystem.”

“Quanta has fantastic potential,” commented Harmen Brenninkmeijer, Managing Partner of Dynamic Partners. “We have identified some really exciting areas of growth and once Quanta has completed its period of adjustment we are confident we will start to see a real advance in Quanta’s intention to continue to pioneer the use of blockchain in gaming as a means to enhance the potential of gaming technology whilst lessening barriers to entry.”

 

About Quanta
Quanta is a pioneer in the development of blockchain solutions for gaming. In 2017, the company launched the first licensed blockchain lottery, fully utilising blockchain together with its NMI-certified random number generator, Randao, which is entirely built and operated on blockchain. Quanta’s utility token, QNTU trades on six renowned cryptocurrency exchanges including HitBTC and Bit-Z.

 

About Dynamic Partners
Dynamic Partners is a Hong-Kong based consultancy that is operated by a group of highly experienced gaming industry experts with decades of experience across a wide range of jurisdictions, with true root and branch understanding of the global gaming industry as suppliers, operators, executives, financiers and investors.

 

Press release


Guest authorDecember 20, 2019
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3min416

[20 December, 2019, Douglas, Isle of Man] — Quanta has engaged Dynamic Partners, part of the Global Chain, to perform a strategic review with the aim to optimise the potential of Quanta’s tech and products in the gaming industry.

The intention of this review is to ensure that Quanta’s strategic direction is focused on delivering the optimum products to a strict schedule, and to re-align company goals to ensure continued positive progress. This review additionally aims to identify strong potential markets/business opportunities, and look to increase the efficiency and effectiveness of the company.

Quanta statement: “Dynamic Partners has extensive experience in the gaming industry. As part of the strategic review process, Dynamic Partners will make recommendations to the Quanta board with the aim to expand Quanta’s potential and identify opportunities for growth.”

“We see huge potential for Quanta in the gaming industry,” commented Dynamic Partners’ Managing Partner Harmen Brenninkmeijer. “As the leading provider of blockchain solutions for gaming, Quanta is carving itself an exciting niche position. Our deep dive review at this stage is intended to ensure Quanta’s strategy is aligned with product development, and that resources and processes are optimised and aligned with business goals.”

The strategic review period begins immediately and will run for 6 weeks.


About Quanta

Quanta is a pioneer in the development of blockchain solutions for gaming. In 2017, the company launched the first licensed blockchain lottery, fully utilising blockchain together with its NMI-certified random number generator, Randao, which is entirely built and operated on blockchain. Quanta’s utility token, QNTU trades on six renowned cryptocurrency exchanges including HitBTC and Bit-Z.

About Dynamic Partners

Dynamic Partners is a Hong-Kong based consultancy that is operated by a group of highly experienced gaming industry experts with decades of experience across a wide range of jurisdictions, with true root and branch understanding of the global gaming industry as suppliers, operators, executives, financiers and investors.

 

Press release


Guest authorNovember 28, 2019
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2min415
First Licensed Blockchain Lottery Provider Joins SiGMA to Showcase its Blockchain Gaming Solutions

 

[27th , Nov, 2019, Douglas, Isle of Man] — Quanta Technology, the world’s first licensed blockchain lottery operator is heading to Malta hot after its successful showing at Singapore’s Blockshow Asia. Quanta will be exhibiting at SiGMA 2019 in Malta between 27th-29th November. If you are attending the event and are interested in how blockchain can be utilised in gaming please visit us at BR70. We will also be talking about the role of blockchain in fintech and payments at Tech Giants, Payment Solutions & Emerging Markets on 28th at 11:30-11:50.

 

Quanta is an innovative technology company that utilizes smart contracts to ensure fully automated and transparent blockchain-powered solutions. Quanta has built and operates the world’s first licensed blockchain-based lottery platform with plans to expand the reach of its products and services.

 

Satoshi Okubo, Marketing Manager: “Quanta is looking to establish its blockchain-based lottery and gaming solutions in markets and verticals that can most benefit from the characteristics of blockchain, whilst working seamlessly with traditional technologies. It is the beginning of our journey and we have big ambitions, seeing applications in high volume / low value markets that will leapfrog mature markets in their adoption of new technologies.”

Quanta’s blockchain-based random number generator, RANDAO, was rigorously tested and subsequently certified by NMi (now part of GLI). Quanta continues to expand its blockchain-based lottery solutions and is broadening its reach into other parts of the gaming ecosystem. Quanta is expanding its interest in Africa and plans to add new partners and markets to its established operations in Nigeria.

 

Press release

 


UrbanJuly 25, 2018

10min251

Enthusiasm for blockchain technology in businesses and organizations continues to gather steam, with global spending on blockchain solutions expected to rise almost tenfold between 2018 and 2022.

According to market research firm International Data Corporation, the global expenditure on blockchain is expected to grow at a compound annual growth rate of 73.2% to reach a figure of $11.7 billion in 2022. This year, $1.5 billion is expected to be spent on these solutions.

IDC@IDC

Worldwide Spending on Forecast to Reach $11.7 Billion in 2022. Learn more: http://bit.ly/2uRErHz 

The biggest investments in this technological field will be made in the United States, with the world’s largest economy grabbing 36% of the global spending throughout the five-year period. Western Europe will be the next biggest beneficiary, followed by China. Countries in the Asia Pacific region will also see significant investments in blockchain.

Fastest Blockchain Growth Rate

Japan blockchain
Japan is expected to see DLT investments grow at a faster rate than any other country, though the largest overall investment will remain in the United States.

On a country-by-country basis, per the IDC report, the fastest compounded annual growth rate (CAGR) will be witnessed in Japan where the CAGR will be 108.7% during the forecast period. Canada will enjoy the second-fastest growth in blockchain spending, with the CAGR hitting 86.7%.

Worldwide, most of the spending on distributed ledger technology (DLT) will flow to the financial sector, with this year seeing an expected $552 million spent in this field. The distribution and services sector will occupy the second position, with the manufacturing and resources sector coming in third. This year, the former is expected to record blockchain investments totaling $379 million, while the latter will see spending of approximately $334 million.

DLT Spending: Industry and Use Cases

Industries which are expected to enjoy the fastest growth with regards to blockchain investments include process manufacturing, which will see a compound annual growth rate of 78.8%. Professional services will enjoy a CAGR of 77.7%, while the banking sector will see a CAGR of 74.7%.

In the financial sector, the use case that will witness the largest amount of DLT spending will be cross-border payments and settlements, with $193 million expected to be invested this year. Amounts totaling $148 million are expected to be invested in trade finance and post-trade transaction settlements, another use case of blockchain in the financial sector.

Lot or lineage provenance, one of the use cases of blockchain technology in the manufacturing and resources sector and the distribution and services sector, will record DLT investments totaling $160 million this year.

Reducing Costs, Enhancing Efficiency

The efficiencies and cost-effectiveness that blockchain solutions could bring about in the manufacturing and resources sector, as well as in the distribution and services sector, have been cited as part of the reason for the rapid adoption of the technology.

“We continue to see the greatest spending and growth for blockchain around lot lineage and asset and goods management. Highly visible scandals combined with complex supply chains and incomplete information set the stage for investments and projects in these areas,” IDC’s Customer Insights and Analysis program vice president, Jessica Goepfert, said.



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