When financial analyst talk of the latest finance news, they cannot fail to talk about the introduction of alternative coins. These alternative currencies are commonly referred to as the crypto currency. One can adopt the use of crypto currencies through credit or debit cards.
The financial sector has rapidly evolved over the recent past. The changes in the sector have been occasioned by stiff competition and innovation.
The first recent development in the finance sector is the introduction of bitcoin. The bitcoin has been in the market for less than ten years. Upon its inception, it failed to gain momentum, it was virtually valuable and worthless. The failure of the new currency to quickly capture the market can be attributed to the widespread acceptance of the mainstream currency. However, the marketing of the bitcoin became aggressive over many online platforms. This increased curiosity among investors and they began embracing it. Currently the bitcoin has gained a wide acceptance and is worth more than four thousand dollars.
Apart from bitcoin, there are other crypto currencies such as etherun that have been introduced. Etherum is relatively new in the financial sector. It developed because of some shortcomings associated with the use of the bitcoin. It was cleverly engineered, with the backing of several corporate institutions such as JP Morgan and Microsoft. The etherun is therefore poised to outrun the bitcoin in the near future. It is important to mention that etherum has undergone volatility and rivalry among its innovators. It has however managed to weather the storms and is now moving in the right direction after attracting wide media coverage.
The blockchain is technological platform that supports financial transaction. The technology ensures that financial transactions are safe, secure hence promoting rapid conclusion of transactions especially when conducted with unfamiliar entities. The blockchain uses a software that creates user accounts. Once the accounts are created, the software creates a chain of activities, stores the information as back up that can be used as a reference in case of disputes.The implementation of the blockchain is simple and effective. It simply involves creation of database by using secure servers.
The Australian stocks exchange is among the world leaders in the financial market sector. The exchange helps firms in raising their capital needs, managing of investments and regulation. in order to benefit from the stocks exchange, a firm must be listed. In order to be listed, a firm must have 20% free float. Additionally it must meet the minimum number of 300 share holders and attain the minimum required company size.