Will Increased Scalability Solve all of Bitcoin’s Issues?

Will Increased Scalability Solve all of Bitcoin’s Issues?

The best way to achieve this goal is to eliminate bitcoin’s problem of scalability. The definitive explanation behind Bitcoin’s innovation was the wish for a completely digital, decentralized method for payment, that could be used as a free option in contrast to the traditional currencies. In the course of recent years, many crypto enthusiasts have held the view that there is a need for a separate currency. The increase in transaction volumes and a considerable…

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Bitcoin Drops As Dollar Rally and Virus Fears Hit Markets, LTC, THETA, CBDC Sep. 21

Bitcoin Drops As Dollar Rally and Virus Fears Hit Markets, LTC, THETA, CBDC Sep. 21

BTC BTC Price Index Bitcoin crashed over $500 on Monday as the U.S. dollar rally picked up steam. I’ve warned in recent articles that BTC is following the dollar swings closely and today saw the USD rally around 0.8% to test key resistance levels.  Markets were rocked with the Dow Jones down almost 800 points. This was driven by the potential for further virus lockdowns, a potentially bitter battle in the U.S. over the freed…

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Can Ethereum Classic Solve 51% Attacks With Its New Mining Plans?

Can Ethereum Classic Solve 51% Attacks With Its New Mining Plans?

Ethereum Classic suffered three 51% attacks in August 2020, raising widespread doubts about its security and integrity. Now, the project is looking for new ways to solve its problems and provide protection against future attacks. The problem is simple: Ethereum Classic relies on a fairly small mining network, meaning that attackers can “buy out” the network’s hash power. During that time, they can double-spend the ETC cryptocurrency, allowing them to steal funds during the attack….

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Common Mistakes Every Cryptocurrency Trader Makes

Common Mistakes Every Cryptocurrency Trader Makes

  People will often try to apply the knowledge they have gained from the stock market to crypto, but unfortunately, this market is an entirely different beast. You have to be prepared to learn a whole new language and learn to study trends across the market until you have gained a basic understanding. It is only then that you can begin to make some money. Along the way, you will have some profits, but you…

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Ethereum at Key Juncture After Failure of $400 Level, TRX, ELF, UMA, Sep. 14

Ethereum at Key Juncture After Failure of $400 Level, TRX, ELF, UMA, Sep. 14

ETH ETH Price Index Ethereum fell on Sunday after to mark a failed attempt at resistance ahead of the $400 level and this will be key for the coin’s next path. The coin sees support at $315 and the range between these two levels will define ETH in the days ahead. Cryptocurrencies tumbled last week after Bitcoin fell with commodities after a rally in the U.S. dollar. Weakness in the currency had fuelled the end…

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Hard-to-Rank Tokens: Three Cryptocurrencies That Have Controversial Value Assessments

Hard-to-Rank Tokens: Three Cryptocurrencies That Have Controversial Value Assessments

Some cryptocurrencies have unusual qualities or undergo unexpected changes to their token supply. This can make those coins difficult to rank in a meaningful way. These three coins have caused challenges for market aggregators. Polkadot’s Redenomination On August 21, Polkadot’s DOT token was redenominated by a factor of 100. This changed the number of DOT tokens in circulation from 10 million to 1 billion. The redenomination did not change the value of the DOT token,…

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Bitcoin’s Next Steps: What Will It Take For Cryptocurrency to Go Mainstream?

Bitcoin’s Next Steps: What Will It Take For Cryptocurrency to Go Mainstream?

The blockchain world has been trying to bring Bitcoin to the mainstream for years. However, accomplishing that goal is not an easy task: broadening the horizons of Bitcoin involves more than just hype and promotion. But after a decade of existence, Bitcoin is gaining more recognition. Developments in these five areas could help Bitcoin grow further in the next few years. 1. Market Value Bitcoin prices naturally generate plenty of attention. Though there is no…

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Will the U.S. Postal Service’s New Blockchain Patent Reinvent Voting and Elections?

Will the U.S. Postal Service’s New Blockchain Patent Reinvent Voting and Elections?

This week, the U.S. Postal Service (USPS) filed a patent that aims to prevent election fraud by applying blockchain technology to “vote by mail” procedures. How It Might Work The system proposed by the USPS stores voter data on a blockchain. Each user receives a computer-readable code that is tied to their identity. Though voters receive their code by mail, they enter that code on a mobile or web application to cast their votes. This…

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BTC Readies for Further Gains, Winklevoss Twins See $500k, ETH, SOL, Aug. 31

BTC Readies for Further Gains, Winklevoss Twins See $500k, ETH, SOL, Aug. 31

BTC Bitcoin fell to a low on the week of $11,112, but the coin recovered late in the week to close over $11,600 and the market looks ready to capitalize on further dollar losses. Gains in BTC mirrored further gains in gold and dollar losses after Federal Reserve Chairman Jerome Powell gave a speech at the annual Jackson Hole economic event. Powell reiterated the central bank’s desire for a 2% inflation rate over the longer-term,…

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Crypto Rebrands: Seven Projects That Are Undergoing Redesigns This Year

Crypto Rebrands: Seven Projects That Are Undergoing Redesigns This Year

Ethereum Ethereum rebranded its website this month, offering fresh illustrations from Dogecoin doges to bazaar shoppers and the concept of “building with money legos.” The site has also been restructured. “We’ve been adding more information to these pages, making them feel less like a “Github README”, and adding helpful features,” the Ethereum team says. The site is also pointing users to wallets, exchanges, and other useful services tailored to their local area. Ethereum 2.0 should…

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