Bitcoin

Ethereum September 7, 2018

Pablo Soria de Lachica Explores Practical Applications of Ethereum

When Bitcoin entered the financial landscape in 2009, it challenged traditional ideas about the limitations of transactions and the necessity of a centralized banking system. Nine years later, the term ‘cryptocurrency’ has become common vernacular and another platform, Ethereum, has built on Bitcoin’s potential and is dominating the headlines. Conceptualized in 2013 by Russian-Canadian programmer Vitalik Buterin, Ethereum is an open-source platform that is poised to facilitate the development of next-generation, decentralized applications. In an attempt to explain what that means in more generalized terms, internationally acclaimed financial strategist Pablo Soria de Lachica recently discussed how businesses are being affected by advancements in blockchain technology. In the words of Buterin, “Ethereum uses many of the same systems as Bitcoin (such as blockchains and peer-to-peer networking) in order to generate a shared world computing platform that can flexibly, but securely, run any application users want to code. Shared ledgers like Bitcoin included.” Soria de Lachica further explained that the platform’s’ intent is…

Ether Price Movement August 23, 2018

Pablo Soria de Lachica Discusses Projections for Ether Price Movement against USD

Cryptocurrencies have become a massive market, with more than 1,800 virtual coins traded on digital exchanges around the world. In the early days of 2018, the crypto market cap reached nearly $814 billion, while daily trading volumes topped $71 billion on January 4, according to data from CoinMarketCap. Activity has subsided significantly since then, but interest in these digital assets remains strong despite skepticism from traditional investors and the lack of regulation. Regardless of whether the market ebbs or flows, about 10 major coins account for the bulk of trading, most notably Bitcoin (BTC), Ether (ETH), and Ripple (XRP). While Bitcoin remains the most popular cryptocurrency and the leader by both market cap and trading volumes, ETH has enjoyed steadily rising popularity on account of its association with the highly-regarded Ethereum blockchain network, which is deemed superior because of its smart contracts functionality. Given the volatility of the cryptocurrency market, price predictions are extremely hard to make, but…

Ethereum April 26, 2018

Pablo Soria de Lachica on What Sets Ethereum Apart in Crypto Space

Even those who are not familiar with blockchain are likely to have heard about Bitcoin, the payment system that uses the technology, after its stratospheric rise in value in 2017. In February 2018, Bitcoin was the most valuable cryptocurrency with a total value of $143 billion USD. Behind that was Ethereum, an up-and-coming cryptocurrency that many experts are predicting will overtake Bitcoin in 2018, at $88 billion USD. Mexico’s Pablo Soria de Lachica, an internationally recognized foreign exchange analyst, explains Ethereum’s benefits that set it apart from its competitors within the crypto sector. To begin, Pablo Soria de Lachica explained that Ethereum is an open source public service that uses blockchain technology to facilitate smart contracts and cryptocurrency trading securely and without a third party. While there are many similarities among virtual currencies, proponents of Ethereum believe its main advantage is that it allows individuals and companies to do much more than just transfer money between entities. In early March, Bloomberg called…

Spanish April 14, 2018

Pablo Soria de Lachica – on the Potential of Ethereum to Become Top Cryptocurrency

As the first cryptocurrency, Bitcoin heralded the most exciting period for technology since the creation of the internet. However, in the nine years since it exploded onto the global financial scene, the original crypto coin has, in a way, become a victim of its own success. Its meteoric rise sparked the emergence of over a thousand cryptocurrencies, triggered an investor frenzy, and raised a red flag for regulators. Among the multitude of digital coins vying for attention, only a handful stand out and appear destined for longevity. While none of them is currently close to Bitcoin in terms of market capitalization, industry participants and investors have already spotted gaps in the cryptocurrency’s armor. At the same time, another digital coin has kept gaining prominence, consistently proving its worth beyond purely monetary value. Ethereum (ETH), which arrived almost five years after Bitcoin, has become far more than the second-largest cryptocurrency by market capitalization. It is also…

Spanish May 11, 2016

Pablo Soria de Lachica – Comenta Acerca de Los Beneficios de Un Tipo de Sistema Monetario Digital Descentralizado

Bitcoin se está convirtiendo rápidamente en la moneda preferida de muchos países en Latinoamérica. Pablo Soria de Lachica describe porqué las economías en América Latina están optando por esta nueva y revolucionaria opción financiera. Hay emocionantes oportunidades de inversión en los mercados emergentes sin el costo, complejidades ni los riesgos asociados con las transacciones con moneda tradicional. El incremento nunca antes visto en el uso de internet en la región está alimentando el crecimiento del comercio electrónico (e-commerce) y el pago con dinero digital. La conexión universal y las libertades relacionadas con las tecnologías de la red y las redes sociales son parte de la razón por la cual bitcoin se mantendrá como una atractiva alternativa a las estructuras tradicionales de pago. Otro beneficio es que se puede usar para competir en la industria financiera a nivel global. Los negocios…