Category: Cryptocurrency 101

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Russia’s largest bank joins blockchain trade finance platform

A subsidiary of Russia’s largest bank, Sberbank, has entered a commodity-trade finance network focused on a blockchain. Sberbank Switzerland AG has signed an agreement to apply its blockchain-powered trade finance service with Swiss Trade Finance Platform Komgo. Sberbank Switzerland AG officials told Cointelegraph that the partnership with Komgo is addressing the increasing digitization of trade…
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Bitcoin (BTC) is a digital currency that is used electronically, and distributed.

WHAT IS BITCOIN?

Bitcoin (BTC) is a digital currency that is used electronically, and distributed. Bitcoin is a peer-to – peer decentralised network. No single entity or individual is controlling that. Bitcoins cannot be printed and there is a very small number of them – only 21 mln bitcoins can ever be made. Who created Bitcoin? Bitcoin was…
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WHAT ARE CRYPTOCURRENCIES?

A cryptocurrency is a digital or virtual currency intended to act as a means of exchange. To encrypt and validate transactions, and to monitor the development of new cryptocurrency units, it uses cryptography. Cryptocurrencies are simply small entries in a database that nobody can alter unless certain criteria are met. History During the tech boom…
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