Three months have passed from the new calendar year 2019 and there has already been a lot happening from the world of Cryptosphere. Bitcoin, Blockchain, Decentralized Ledger Technology and Hyper-ledger have been experiencing steady transformation and innovation. So, stay tuned to this news piece to know about the latest happenings from the world of Cryptosphere and Blockchain Technology.
A bullish trend still continues at the Crypto-Stock Exchange. Yes, it is going to be wonderful upcoming weeks for the crypto-coin investors as already roughly US$140 billion has already been raised from various cryptocurrencies like Bitcoin (BTC), Litecoin (LTC) and Bitcoin Cash (BCH).
The unprecedented growth in the market capitalization is attributable to a steady growth in the rate of the bitcoins and other cryptocurrencies. The average median rate was around US$4000. On the other hand, for the Altcoins, the growth was restricted to single digit with ontology recording 31.58% growth, Tezos share stood at 71.6% and Ravencoin had 61.87% growth to its name.
Such significant growth has upped the ante for the cryptocurrencies with Bitcoin ending up as the front runner with 2.44% growth, followed by Ethereum being content with 1.53% growth and XRP had to settle for lesser with a 0.22% drop in its prospects.
ICOs, Tokens and Other Investment Instruments Bolstering the Crypto-Market
Celer Network Tokens Jump: Binance, a global crypto exchange has completed US$4 million sales of Celer Tokens. The complete sale of the coins was completed in just 17 minutes of up time.
The launch of USD Tron: The collaboration of Tron and Tether led to the creation of TRC 20. It is a technical token standard that has been backed by the Tron blockchain. Tron has been helping in the creation of the tokens and it has been backing Singapore Headquartered Huobi Global and Malta Based OKEx.
The launch of Western Union Mobile Wallet: Western Union has collaborated with Stellar Collaborator Thunes to help in aiding the transfer. The core aim of the launch of the wallet was to ease the financial woes in those areas that were gripping under the absence of the proper banking system.
IBMs Six Global Bank Collaboration for Blockchain Based Payment: “World-fire”, the grand initiative of IBM to collaborate with 6 international banks to create its own stable currency is in its full swing. The project has heralded under the aegis of Stellar. Apart from top 6 banks, other 44 small banks have shown their interest to collaborate with the project of IBM.
Regulations of Cryptocurrency in Third World Countries
The heat and enthusiasm are burning in the Indian subcontinent for the Cryptosphere, Blockchain technology and bitcoin trading. According to the reliable sources, people will be coming on the streets to raise the awareness about blockchain and pressurize the government to legalize the use of blockchain and bitcoin in the modus operandi of the business. On an average, at least 30 to 40 companies from the blockchain domain have signed up and flagged the campaign to make blockchain go mainstream in the business operation.
The demand of the public or investors is to repeal or revoke the ban on the cryptocurrency. Most of the peaceful protestors are startup founders in the blockchain domain. The government has been working to analyze and review all the positive and negative arguments, intakes and recommendations to consider the request of making blockchain mainstream in the Indian business operations.
Innovations to Watch Out for From the World of Blockchain in March 2019
Paving the Way for Custom Consensus Framework Interoperability to of/on scale and cross chain interoperability. At the time of its inception, blockchain technology after getting integrated in the decentralized eco-system, it was a pretty tough job to streamline backward compatibility for custom consensus.
Komodo Corporations brought an unprecedented change with Komodo’s Custom Consensus Framework. To streamline or initiate the process, the use of MoMoM technology was integrated in the decentralized fabric of blockchain. They achieve this feat of multi-chain scaling, -ac_cc parameters were set with 2 & 100 coding functions interlinked with a seed node that had the same name, same supply and same -ac_cc parameter for multi-functional clustered operation.
The developers worked hard to set the features of MoMoM and -ac_cc parameters at 101 SHA or higher for better operations. As a result of this, to conduct UTXO and Smart UTXO custom consensus transactions simplified.
Price Prediction of the Bitcoin in 2019
Bitcoin has shown aggressive and hyper-active sentiments with the 4-month value riding at lightning pace to US$4900. The price of bitcoin increased by 17% just post the opening of the crypto-intra-trade day.
Impressed by such bullish stance, even NASDAQ has been eager to launch the bitcoin features in its trading model.
Stay tuned for more updates from the world of blockchain. We will come up with more updated information for the month of April, 2019.