The Wall Street Journal pointed out that over 40 top financial institutions and a growing number of companies across varying industries are currently exploring use cases of blockchain as a “secure and transparent way to digitally track the ownership of assets.”
A cryptocurrency is any kind of peer-to-peer digital money powered by the Blockchain technology. Since Bitcoin's appearance in 2009, hundreds of new cryptocurrencies (often called altcoins) have been created, all of which offer different advantages and disadvantages compared to Bitcoin. The Blockchain itself is based on the principles of cryptography, hence the name "cryptocurrencies".
Mining pools are a way for miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed. A "share" is awarded to members of the mining pool who present a valid proof of work that their miner solved.
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“Blockchain technology is one of the most promising upcoming technological trends in the information technology domain...”Nathan Reiff - IBM
“Major central bank will live test a digital fiat currency and once it works very well, this will lead to broader adoption,”Alex Tapscott - co-author of the book Blockchain Revolution
“Blockchain is becoming hot in China”Jeff Yang - a former developer at IBM