Here is a quick wrap-up in the arena of Cryptocurrency, from Ethereum being the active performer against Bitcoin to new Bitcoin ATM sightings, everything you need to know.
A new method for Bitcoin scaling was introduced during a workshop at Tokyo on 5th October, claims that it won’t require a hard fork, according to Bitcoin (BTC) protocol developer Mark Friedenbach.
The new concept of Blockchain Scaling suggests a major on-chain capacity boost with the help of a Proof-of-Work (PoW) alternation that is done as a soft fork, combined with the use of alternative private ledgers.
Moreover, it also improves the “settlement transaction volume to 3584x current levels” and censorship resistance via sharding.
Bitcoin ATMs sightings are on the hike in Utah.
Currently, the state is occupied with around 12 Bitcoin ATMs, among which most of them are operated by the Las Vegas-based CoinCloud, according to a local news source KSL.
However, recently more than 1,600 Bitcoin ATMs are expected to be installed in Argentina by the end of 2019.
According to Crypto Code Watch, Ethereum ranks as the most active blockchain.
In GitHub, the platform is ranked at the top in the number of commits, along with the number of overall developers and the number of stars, and forks to the repository, as well.
XRP to be made the official currency of the 2020 Olympic games in Tokyo, Japan. On the efforts to make this possible, a petition was put up on the Change.Org site which gained more than 7,000 signature.
The reason behind this cryptocurrency to be considered is the issues with the fiat exchange.
“As tourists stream into the country, demand for the local currency skyrockets, causing long lines at currency exchanges, as seen at past events like Beijing 2008 and Rio de Janeiro 2016. Confusing exchange rates and language barriers further complicate the problem.
We believe that the fast transaction times and security of Ripple Lab’s XRP cryptocurrency would be a great contribution towards solving this problem.”
Dash and Stellar (XLM)
BitGo Custodial Services to bring the support for Dash, it is expected that over the next few weeks it’ll start the services. According to CEO Mike Belshe, will offer advances in the payments industry, giving institutional investors a secure way to store the leading cryptocurrency.
The company also states that it has plans to add Stellar in the next couple of weeks, according to Fortune.
The official announcement of IOTA’s Ecosystem Development Fund, states that it will offer a new wave of grants to the tune of $354,000.
Along with the projects include P2P internet access system Bytes.io, healthcare startup Untangle Care, and an IOTA research lab called the IOTA Industrial Lab Aachen.
- Bitcoin Cash(BCH)$293.31