V-Soft's Corporate Headquarters

101 Bullitt Lane, Suite #205
Louisville, KY 40222

TOLL FREE: 844.425.8425
FAX: 502.412.5869

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Cincinnati, Ohio

Spectrum Office Tower 11260
Chester Road Suite 350
Cincinnati, OH 45246

Phone: 513.771.0050

Raritan, New Jersey

216 Route 206 Suite 22 Hillsborough Raritan, NJ 08844

Phone: 513.771.0050

Toronto, Canada

1 St. Clair Ave W Suite #902, Toronto, Ontario, M4V 1K6

Phone: 416.663.0900

Hyderabad, India

Incor 9, 3rd Floor, Kavuri Hills
Madhapur, Hyderabad – 500033 India

PHONE: 040-48482789

Noida, India

H-110 - Sector 63 ,
NOIDA , Gautham Budh Nagar ,
UP – 201301

Reasons Why We Love Blockchain: Bitcoin (And You Should, Too!)

The stock of Bitcoin Group, a bitcoin mining company, and Hive Blockchain Technologies, another crypto mining company, have watched their share price increase by more than 1,000% year-to-date. Over 70 digital currency hedge funds stepped up to take advantage of investment opportunities in the soaring profitable crypto space, according to analytics provider Autonomous NEXT. Exchange groups like CME and Cboe are preparing to launch their own Bitcoin products and Goldman Sachs is discovering a Bitcoin trading operation. Bitcoin and blockchain are among the hottest topics and you might agree after you read our points. 

New To Digital Currencies?

Like paper money and gold, Bitcoin allows parties to exchange value. Unlike their prototype, they are digital and distribute over a less concentrated area. People can exchange value without mediators which means they have more control of funds and lower fees.

The Value of Distributed-Ledger Technology 

For years there has been talk about distributed-ledger technology, but until now, nobody knew where to start. Because of our market dominance and abundance of experience with mass deployment, Blockchain has brought the value of distributed-ledger technology to use for leading global institutions. Blockchain not only changes the way they do business, it enables global institutions with equal security, control, and user-friendly structure—just as they’ve done for millions of people with their personal wallet.

The distributed-ledger technology that undergrids bitcoin... could change the financial system; think the Internet before browsers.”


cryptocurrency bitcoin and blockchain

Connecting Blockchain And Bitcoin

Having the ability for users to pay for goods and services via the internet is great! But, there is always a glitch: Double-spending is an error in a digital cash scheme that allowed the same digital token to be spent multiple times. Many times, this was caused by purchasing a digital file capable of being duplicated or falsified.

Bitcoin resolved the issue of double-spending by utilizing computer science, cryptography, and game theory in January 2009, when the first Blockchain technology was released. Shortly after its release, the first official block ‘Genesis’ was created. It allowed the beginning of mining Bitcoin to take place, followed by the first transaction.

Looking past its benefits and capabilities, Bitcoin didn’t start getting traction until 2013. Currently, the market for cryptocurrencies, including over 1,000 different coins and tokens, has recently surpassed $200 billion, according to Coinmarketcap.com

 Four Areas Where Blockchain is Refining Business:

  • Industry Leading Research
  • Settlement Speed
  • Efficiency
  • Security

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Topics: Technology, Blockchain

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