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From the traditional use of Bitcoin and cryptocurrency to a transnational frenzy of Tron, here are some of the stories that break in the world of Crypto.
Bitcoin
BitPay's CEO, Stephen Pair, believes that Bitcoin and cryptocurrency are always faster in mass adoption. In a new interview on CNBC's Squawk Box, Pair says it has shortened its chronology to around 3-5 years.
"Our argument about BitPay is that all digital resources, or most digital resources, will be issued on a blockchain, and then most of the payments will be conducted on a blockchain, and we are building a platform for that future. I think you're really looking somewhere in the three to five years time period, I said 10 years, but now I think it's more than three or five years until you can go to a restaurant, a retail store, and everyone will expect that the store will be able to accept a blockchain payment.
And remember, it's not just Bitcoin or the various tokens we see today. It is also about issuing dollars on a blockchain or euros on a blockchain. So we're not just talking about denominated payments in terms of Bitcoin when we talk about blockchain payments. We are talking about all kinds of digital resources that can be used for that payment. "
As for the price of Bitcoin, says Pair in the long run, the true value will always follow the adoption.
"I think there can be many catalysts, not just the adoption of the ETF or the launch of the ETF, we process over a billion dollars in payments in our business. grow to $ 10 billion, $ 100 billion, and our customer base that uses and needs cryptocurrency – that's going to push prices higher …
A very large component of the price is certainly speculation. It is investors who speculate on future use and the adoption of this technology. I am sure that a small component of that price is the real utility. And that's what BitPay focuses on: it uses the platform and provides products to its customers that they find valuable. "
The creator of Cardano Charles Hoskinson and Ripple Senior Vice President of business and business development, Kahina Van Dyke, are also evaluating the mass adoption of cryptocurrency.
At the Crypto ICO summit in Zurich, they both took weight when they think the crypt will reach a one billion user base.
This is what kept me awake at night 🤪
when asked "Where do you see crypto will it go?"
Charles Hoskinson (IOHK) – We will see 1 trillion market capitalization over the next 24 months.
Kahina van Dyke (Ripple): the global banking infrastructure must evolve.
Oct18 pic.twitter.com/zMEVIqOdGe
– Steven Diep (@DiepSanh) December 16, 2018
Ethereum
The Ethereum ConsenSys development study has just released an in-depth look at the status of Ethereum, net of any price speculation.
"In June of this year we published The State of the Ethereum Network, highlighting some key data and statistics from the entire network, six months later, towards the end of 2018, we are at the end of a long" crypto-winter " ", in which market fluctuations between the end of 2017 and now have attracted the popular attention of the blockchain industry.A closer look at the numbers, however, reveals a robust technology, flooded with projects and developers and with a certain upward development trajectory in the new year. "
You can check the full review here.
Stellar
The Stellar team continues its series on the star ecosystem.
A new post offers an update on the Stellar community development fund, program granting and academic research.
Second part of ours #Stellar Series of ecosystem updates focus on lumen distribution programs.
You can read it now on our blog: https://t.co/IHWc2XScVV
– Stellar (@StellarOrg) December 14, 2018
Tron
Tron's relatively new blockchain has now processed over 100 million transactions, according to Tronscan. At the time of writing, a total of 105,181,916 transactions were recorded, as shown in the image below.
The numbers compiled by DappRadar show a number of gaming DApps are largely responsible for a recent increase in transactions on the network.
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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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