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Showing posts from August, 2018

The Highly Anticipated Bitcoin Cash has Fallen Nearly 90% From Its High Position

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Since the birth of Bitcoin Cash (BCH) on August 1, 2017, Bitcoin Cash (BCH) has often been compared to Bitcoin, and many believe that Bitcoin Cash (BCH) is a direct competitor to Bitcoin. However, according to the Wall Street Journal, Bitcoin Cash, which has been diverted from Bitcoin, has fallen by nearly 90% compared to historical highs, which is disappointing. At the beginning, people hope that this kind of transaction faster and cheaper cryptocurrency  ( bch coin )  will become the mainstream payment method. The bear market of cryptocurrencies punishes investors who bought Bitcoin in the most ardent period of the currency last year. Take Bitcoin Cash as an example. According to industry research, Bitcoin has fallen 67% compared to the intraday high of $20089 set in December last year, while Bitcoin cash has fallen 88% from a high of $4355.62. On last Friday night, the bitcoin cash transaction  price was around $533. The value of hundreds of other bitcoins has also

The Ethereum Blockchain was Adopted by the Moscow Government

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Exciting ethereum news ! Recently, the Moscow government is planning to use Ethereum as part of the distribution of trading point systems in the weekend farmers market. Although the farmer's market is big, the stalls are always limited, and the contenders of the booths are always more than the stalls. And the contenders are from Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. Farmers must submit an application to the government for the booth, and the booth can be obtained after the approval. However, farmers are dissatisfied with the current application review system. Because they simply don't know how they work, they can't understand why they were rejected or approved. To solve this problem, the Moscow government has set its sights on the Ethereum blockchain  technology. Andrey Borodyonkov, product manager for blockchain products at Moscow City Hall, said, “There are about 20,000 applicants submitted quotations every year. Their idea is to use Ethereum as

What is Gnosis that has Doubled in Value When the Exchange is Unveiled?

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When the Gnosis token  exchange was unveiled, the Gnosis value doubled, which attracted the attention of many investors. So what is the Gnosis token on earth? Does it really have such great potential and explosive power? Is it worth putting into our investment plan? Gnosis is a decentralized forecasting market built on the Ethereum agreement. Gnosis provides an open platform for people to predict the outcome of any event. To put it bluntly, it is a betting platform. Remember the top ten "World Cup Concept Coins" in this year's World Cup? Yes, Gnosis is one of them. You may have heard about much gno coin news  after the beginning of the World Cup. Taking advantage of the popularity of the World Cup, Gnosis is know by more and more crypto fans, some of them are optimistic about it, because the Gnosisi project has an excellent team,  its benchmark products are also very good, and it have received the attention and support of the Ethereum community at home and ab

ChainLink, The First Decentralized Oracle Network

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Recently, Datadash, the most authoritative cryptocurrency analysis program on Youtube, released a video that pointed out “the most three undervalued cryptocurrencies" in the video, which caught my attention. One of them is ChainLink coin  that I have been paying attention to for a while and want to talk to you today. 1.  What is ChainLink? Launched in June 2017 by San Francisco financial technology company SmartContract, Chainlink (link) is a secure blockchain middleware designed to allow access to critical extra-chain resources (eg data streams (databases), websites (WeChat, Taobao, etc.), and traditional bank (Alipay, WeChat payment, etc.) account payment by allowing smart contracts API. 2.  Application Scenario of ChainLink For example, if an airline begins to offer a smart contract, the flight will be delayed by more than one hour on a certain day, and the airline will refund you 20% of the fare. Or, in the process of transporting the drug to the pharmacy, onc

The Downturn of ICO in 2018 Lead to the Plummet of ETH Price?

ETH price   reached the histrical high  of about $1,343 in early January 2018,   and today it fell by 80% to $ 276 .  Although it once has dropped to about $ 370 in April this year, the price of less than $300 now has caused many people to lose confidence in  it . As for the reasons why ETH dropped dramaticaaly this time, many people in the cryptocurrency community expressed their views. And some of them believe that the main reason is the overall environment of the market is not so good. We know that Ethereum issued the tokens first. and then the market swarmed in. At the end of last year, ICO was booming, and ETH be the rigid demand. After all, launching projects and fundraising are all need to be completed on Ethereum platform. This year, however, ICO's market data over the past seven months has been disappointing. So some people speculate that the explosion of ICO last year led to the collapse of this field, because there are so many ICO failure cases, and even mor

Litecoin on the Edge of Large-Scale Adoption, Best Time for Investing

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This year, I mainly focused on Litecoin and found that Litecoin is being adopted on a large scale, so I predicted that Litecoin may explode, the reasons are: 1.  Prospect of Litecoin Markets  is Bright In July of this year, Litecoin founder Charlie Lee announced on Twitter that he was working with TokenPay to buy a majority stake in German WEG Bank. The idea behind this initiative is to make Litecoin closer to end users, consumers, and provide them with an easy-to-use and inexpensive way to participate in real-life Litecoins. Charlie Lee has positioned Litecoin in the use of cryptocurrencies for people's daily small purchases. H e said:“People are more inclined to use Litecoin instead of Bitcoin in their daily micropayments, because Litecoin has lower transaction costs and faster transaction.” Now, Litecoin strives to be a daily currency, even without a computer, without a digital wallet, you can use it. Imagine you can apply for a Litecoin credit or debit card,

Will The “Spring” of Bitcoin Going Back?

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The cryptocurrency market in2018 failed to extend the "crazy journey" at the end of 2017.   Bitcoin prices  have fallen by 70% since January, and the total market cap  of cryptocurrency has fallen from the high of more than $800 billion in early January  to the current more than $200 billion. The speculators began to disperse and the crypto currency community  entered the winter. However, for the veterans of the community , they always believe that Bitcoin will return to the king, and this confidence is not from the "folly belief" of Bitcoin, nor the self "belief recharge", but because of the real 'Bitcoiner' Have not left yet. 1.  Bitcoin m iners w ho i nvested a lot of   m oney d id n ot l eave t he Bitcoin m arket In the bear market, the same amount of energy, electricity, and resources are used  for digital assets mining, and cryptocurrency mining may become less profitable.For example, if the mining difficulty remains the same,

Good Ripple News: KFH Will Join Ripple Net, and Ripple Will Target the Chinese Market

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Ripple, which performed outstandingly in the financial feild, is the third largest cryptocurrency based on a market capitalization of more than $12.59 billion. 1.  Kuwait Finance House will use the Ripple S ystem for F ast T rading Since Ripple's payment system is already being used, and most of them have been successfully tested by financial giants such as SBI Group, Santander, Western Union Bank and other financial and banking institutions and services. Ripple is one of the leading blockchains in the cross-border payment field . And one of the latest achievements in this field  is that KFH will employ   the system solutions based on ripple blockchain  for fast transactions. KFH demonstrates the efficiency of the Riple cross-border trading solution. It also emphasized that the first blockchain-based transaction made in Kuwait was driven by Ripple technology. According to KFH , Ripple's approach to cross-border payment issues will be fully functional and effi