Blockchain technology, which allows cryptocurrency like Bitcoin to operate, has been taking the world by storm lately. Blockchain technology is a decentralized method of maintaining records, operated on a peer-to-peer network. Currently, most financial institutions use a centralized method, which is more vulnerable to being hacked, can be slower, and results in additional fees. With blockchain, a protocol is established in order to transport the transactions through computations and heavy encryption, ensuring the integrity of the data without having to…
Osaka-based Peach Aviation, a low-cost carrier specializing in flights between Japan and Northeast Asia, announced that it will begin accepting Bitcoin as a form of payment for tickets. The announcement follows a shift in regulations in Japan, allowing the legitimization of the crypto currency. Additionally, the Japanese government hopes that…
