The Ethereum Frontier: A New Age of Cryptocurrency Adoption
BitPay, one of the largest payment blockchain providers in the world, announced a new record reached in 2018. The company processed payments in the amount of more than $ 1 billion and again showed record income.
In addition, Dish Networks, HackerOne, and the Ohio State Government have joined the payment network. The B2B division showed record numbers and grew by 255%, as many law firms, data centers and manufacturers in the IT industry connected to bitcoin reception.
In a conversation with Bloomberg, a cryptocurrency investor and CEO of Galaxy Digital, Mike Novogratz, compared Bitcoin with a drug, and the current market situation with a "methadone clinic".
On October 8, the blockchain-company and the mining pool ViaBTC completed the initial placement of tokens (ICO) using the Wormhole protocol and the Bitcoin Cash network. According to exchange data, ICO ViaBTC Token attracted $ 3,700 per second, collecting a total of $ 30 million in just over 2 hours.
ViaBTC recently released a new token called Viabtc Token (VIAT) using the Wormhole protocol. The company calls VIAT an ancillary service that enhances the value of the core service with its availability and a bonus token that can be used as a "gas" or cost transfer method. When VIAT was released on the Wormhole network, the developers set a fixed number of coins to be issued at the level of 2 billion tokens.
About 500 BCH, worth more than 600 thousand dollars, which were sent by inattentive users to Segwit addresses (Bitcoin Cash does not support this technology) have already been transferred from the "trap" - now the coins are on the same address. This happened shortly after the way of the return of the "hanging" Bitcoin Cash coins was proposed. Obviously, an unknown "hacker" turned this operation on without assistance.
The creation of Bitcoin's forks with copying of all existing balances containing "gift" coins for all Bitcoin owners is undoubtedly a trend of recent months. In fact, why invest time and money in development or marketing, if it is so simple to attract a great many people who will not refuse to get something for nothing? First, a successful Bitcoin Cash, then a dubious Bitcoin Gold and Bitcoin Silver, which in a few days slid down almost to zero. Now another copy of Bitcoin - Super Bitcoin (SBTC), follows them. The SBTC network plans to appear on block 498888 (around mid-December), and the owners of the original Bitcoin will receive the same SBTC as BTC's "absolutely free" - you just need to get a wallet. According to the official website, SBTC scales the block size to 8 megabytes, and will use smart contracts and Lightning network.
The Bitcoin ABC development team has announced its plans to update Bitcoin Cash through a hardfork planned for November 13th. The update is designed to stabilize the complexity algorithm (DAA). Leading developer Bitcoin ABC Amory Sechet (Amaury Séchet) and CEO Bitprim Juan Garavaglia told what to expect from the upcoming update. On Monday, the Bitcoin ABC development team issued a statement regarding the upcoming hardfork of the Bitcoin Cash network (BCC).
October 17, Bitcoin.com published a contradictory statement, which stated that it was Bitcoin Cash that should be called bitcoin. In response, leading industry experts, including the maker of lightcore, Charlie Lee (Charlie Lee), criticized such attempts. Bitcoin Cash was launched in early August from hard fork bitcoin, which supported several major mining pools, including ViaBTC and Bitmain. Since then, the support and demand for Bitcoin Cash has decreased significantly, which is noticeable in terms of the hash and market capitalization of the crypto currency.
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