Top 10 Blockchain Technologies

What on Earth is Blockchain technology? More like what on the Internet. Blockchain is a system in which several computers linked in a peer-to-peer network maintain cryptocurrency transaction records. Simply put, blockchain technology is a decentralized, distributed ledger recording the source of digital assets.

Its incredibly transparent and fraud-safe reputation makes it a desirable advancement in money transaction technology, one that companies cannot resist. Originally devised specifically for Bitcoin, the technical community has taken blockchain and found other uses for it. Below are the top 10 blockchain technologies you can use today.

10 Coinbase

Founded in 2012, Coinbase is a fully regulated and licensed cryptocurrency exchange in 40 U.S. states. Initially, Coinbase only allowed users to trade Bitcoin, but the company soon expanded to other cryptocurrencies that fit its decentralized criteria. Coinbase offers various products outside of cryptocurrency investing, including an advanced trading platform, custodial accounts for institutions, a wallet for retail investors, and its own U.S. dollar stable-coin.

Users can access the Coinbase platform through Android or iOS devices. Trading is extremely easy and geared towards a beginner. It is browser-based, and it offers no downloadable trading software. Its more advanced trading platform, known as Coinbase Pro, offers a far larger trade experience. A standard Coinbase platform is a great tool to help people understand how easy it is to purchase, store, and move cryptocurrency. Coinbase Pro is better for people who want to actively trade or invest with lower fees and more features.

9 Mirror

Mirror is a digital ledger for Bitcoin and cryptocurrency transactions. The software provides a safe way to make or record all involved transactions, agreements, or contracts. The database is shared between several users so they can access the information of all the transactions from the beginning of the network. The network size varies with its number of users. Mirror is an effective tool against fraud since it provides ultimate clarity and transparency.

Thanks to its advanced blockchain technology, all transactions take place in a safe environment. Because Mirror shares its information with everyone on the network, if anyone wants to hack the system, they would have to access every computer in the network to make changes in the database.

8 BTC Jam

BTC Jam is an online community of investors and borrowers. Individual users can build a trustworthy personal profile, loan monies, and invest in other people’s ideas/concepts. BTC Jam gives borrowers an interest rate based on their profiles’ credit-worthiness, much like a traditional bank loan. Investors decide on a person’s worthiness rather than a traditional credit rating bureau.

Founded in late 2012, its first average loan size was $400-$600. In October 2013, the 500 Startups program…