Tag: Bitcoin Cash

    Buterin Proposes Temporarily Using Bitcoin Cash Blockchain To Improve Ethereum Scalability

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    “Scaling Ethereum in 2020 and Beyond” – Vitalik Buterin

    Vitalik Buterin proposed to use blockchain bitcoin cash as a temporary solution to improve the scalability of the Ethereum network.

    The developers plan to start the transition to Ethereum 2.0 only with next year, but the current bandwidth of the platform reduces its competitiveness and limits user experience. Therefore, the founder of the project offered use blockchains of other cryptocurrencies to increase network bandwidth, until the transition of Ethereum to a new consensus algorithm.

    Buterin believes that the bitcoin cash blockchain is the optimal symbiont for a short-term solution to the problem due to the large block size (32 MB), low transaction fees, the availability of ready-made solutions for their verification and the openness of the BCH community for cooperation. Implementation of the plan will increase the throughput of the platform by more than 6 times.

    He calls the 10-minute bitcoin cash confirmation time the main obstacle to the hasty implementation of the idea. Since this mechanism cannot be changed, Vitalik Buterin proposes to solve the problem with zero confirmation payments based on prior consent protocols such as Avalanche.

    Buterin Proposes Temporarily Using Bitcoin Cash Blockchain To Improve Ethereum Scalability

    He is considering blockchain as another alternative.  Ethereum Classic, but finds it less attractive due to its small block size and more difficult verification of work.

    The crypto community reacted negatively to such a proposal, indicating that the developers were at an impasse and predicting, in the case of integration, a rapid collapse of both Ethereum and Bitcoin Cash..

    text: Ivan Malichenko, photo: scoop, freepik

    Buterin Proposes Temporarily Using Bitcoin Cash Blockchain To Improve Ethereum Scalability

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    EToro studied who invests in cryptocurrency

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    Trading Cryptos with eToro

    EToro’s study found that men from 18 to 35 years old who had no prior experience in cryptocurrencies invest the most in cryptocurrencies..

    The eToro marketplace has been collecting data from March 2017 to February 2018 on which population groups are investing in cryptocurrency and the extent of their investment experience. Analysis of the information showed that 91.5% — these are men under 35, who in most cases work in the field of information technology, sales and marketing, or are students. Often, their portfolios consist of the most popular coins: XRP, ВТС, ЕТН.

    Interestingly, portfolio investments are most preferred by the older age group (55+), which holds the largest share of Bitcoin Cash, Stellar and NEO.

    Interest from IT specialists and the rapid growth in popularity of virtual currencies attracted many new investors who had not previously invested in trading instruments or projects. Those with medium to large investment experience make up only a small share of the market.

    Lack of experience has a huge impact on the success of asset management, but most of the broker’s clients have positive results. eToro analyzed cryptocurrency profitability metrics based on participants’ different strategies. It turned out that Ripple and Ethereum holders, on average, made the most profits, while Bitcoin Cash holders usually suffered losses..

    EToro studied who invests in cryptocurrency

    The existing indicators look like this, but the virtual currency market is developing rapidly, which affects the composition of its participants. Now more and more large traders and institutional companies are starting to participate in this market, so the numbers will soon change a lot..

    Recall that Ripple is preparing to launch its own fund.

    text: Ivan Malichenko, photo: Startup Stock photos, charts: Etoro  

    EToro studied who invests in cryptocurrency

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    Categories: XRP Ripple Tags: Tags: ,

    Bitcoin Cash To Add Transaction Mixing Protocol Soon

    Instant Transactions on Bitcoin Cash | 0-Conf & RBF Simply Explained

    The developers announced the successful completion of alpha testing of the new Cash Shuffle mixing protocol, which will allow Bitcoin Cash users to send confidential transactions.

    Cash Shuffle invites users to make anonymous payments. To do this, a mixing function is available in a special tab, which within 60 seconds «shuffles» transactions, interfering with the traceability of the sender. Work on the creation of a new protocol began in December 2017. Then in March of this year, Coingeek announced that it would fund the project, and in addition, several experienced programmers joined it, which greatly accelerated the process..

    Bitcoin Cash developers have announced the completion of preliminary tests. The Reddit post said the tests were successful, but there are a few more things to fix before launching. The team also thanked the assistants and invites everyone to take part in the tests. To do this, you will need to follow the instructions, install an experimental plugin and start at least 0.0011 BCH.

    Bitcoin Cash To Add Transaction Mixing Protocol Soon

    As a reminder, Opera will add Crypto Wallet feature. 

    text: Ivan Malichenko, photo: De Telegraaf

    Bitcoin Cash To Add Transaction Mixing Protocol Soon

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    Categories: Ethereum ETH Tags: Tags: ,