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From the real reason for the creation of Bitcoin to the new adoption of Tron and Litecoin, here are some of the stories that open up in the world of Crypto.
Bitcoin
Crypto startup veteran Dan Held has just released a tweetstorm, explaining why Bitcoin was primarily created as a store of value and not as a substitute for payment giants like Visa.
Held writes,
"With the financial crisis of 2008, trust was lost in a world that was based on trust, Bitcoin was launched at a time of absolute necessity, Satoshi planted the seed at the right time, the world did not need a new visa, they needed an alternative to banks ".
According to Held, those who say that Bitcoin was made primarily for payments "insist on the selection phrases from white papers and forums to defend their perspective".
Held uses the words of the anonymous creator of Bitcoin Satoshi Nakamoto to support his argument.
7 / "In this sense, it is more typical of a precious metal: instead of the offer changes to maintain the same value, the offer is predetermined and the value changes. As the number of users increases, the value per currency increases "- Satoshi
– Dan Hedl (@danheld) January 14, 2019
9 / "If there was nothing in the world with intrinsic value that could be used as money, only scarce but without intrinsic value, I think people would continue to take something. (I'm using the word scarcity here to mean only limited potential) "- Satoshi
– Dan Hedl (@danheld) January 14, 2019
Held is the co-founder of the Interchange institutional cryptographic portfolio management tool. He also co-founded the BitBoin ZeroBlock app, acquired by Blockchain.info in 2013. His name displayed on Twitter is a pun on the cryptographic term "hodl".
You can check the complete tweetstorm Here.
Ethereum and OmiseGo
Decipher Media has released a new video with interviews with the creator of Ethereum Vitalik Buterin and the founder of OmiseGo, Jun Hasegawa.
The video analyzes what OmiseGo consists of and its efforts to increase Ethereum transactions per second with the Plasma off-chain scaling solution.
Ripple and XRP
Ripple CEO Chris Larsen says blockchain-based payment solutions will help alleviate massive growth in global digital commerce.
In a new article on Financial IT, Larsen states that the technology is already mature enough to eliminate the main constraints in the cross-border payment sector.
"The volume of global digital commerce has exceeded $ 3 trillion in 2017 and is expected to double by 2022. Such huge growth can not rely solely on current payment solutions and new, existing technologies must be used to support this growth. ..
Blockchain platforms such as Ripple and others have been developed to address each of these constraints, implying cross-border payments by providing a decentralized and standardized infrastructure; full visibility for taxes, delivery and status; optimization of the transaction path and cost reduction.
While barriers to the adoption of blockchain-based payment systems are decreasing, more and more financial institutions are exploring ways to implement this technology in their core solution offerings. As more financial institutions will accept this technology, more SMEs will be able to use it to expand to new markets and segments. "
litecoin
Bitbill's cryptographic portfolio has just added support for Litecoin on iOS and Android. It is now the first and only Litecoin mobile wallet to support multi-signature technology.
Crypto Wallet @bitbillwallet adds Litecoin MultiSig support for IOS and Android. #Litecoin #ltc #Bitcoin #btc #crypto https://t.co/4RrOjwsGWx
– Litecoin.com (@LitecoinDotCom) January 15, 2019
NEO
NEO News has just released its last week under review.
The report covers version 2.9.4 of the neo-cli node software. It also describes progress on a number of NEO-based platforms, including Alphacat, Alchemint, Narrative and Switcheo.
Tron
The CoinGate payment processing platform has just added support for Tron (TRX).
"Our team here at CoinGate is confident that the emerging TRON blockchain will become a valuable addition to our list of supported cryptocurrencies.We facilitating payments between TRX buyers and online sellers, we aim to become a significant part of the TRON ecosystem. and contribute to further community growth ".
#TRON (TRX) is now available on CoinGate! Native integration allows you to spend freely $ TRX to thousands of our online sellers, or you can accept it as a means of payment in your store. More information on our blog! https://t.co/yzWru3aaOV @tronfoundation @justinsuntron #crypto pic.twitter.com/ClgpmcdF5G
– CoinGate (@CoinGatecom) January 14, 2019
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Disclaimer: the opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and operations are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital assets, nor The Daily Hodl is an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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