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Crypto News

Bitcoin and ripple in the spotlight, ethereum struggling with ASICs

10/04/2018
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  • XRP token
  • ASIC miners
News list

The number of Bitcoin wallets increased by 6.9%, ASIC-mining ethereum will be banned. Ripple transfers money through xRapid.

Ripple launched the xRapid payment system - XRP token

The leader in the growth of value over the past week has become a cryptocoin Ripple. Its price has increased by 39%. With the support of the operator's liquidity providers MercuryFX, Cuallix and the Catalyst Corporate Federal Credit Union, the company developed and launched a business accounting mechanism.

Now it takes no more than two minutes to make a transaction, and the costs are reduced by half. Pilot project xRapid was tested in the spring. It showed a high potential for security and speed of payment. Now the leaders of the financial industry began to use it.

The number of bitcoin wallets has increased sharply

Over the past week, bitcoin buyers' activity has unexpectedly increased. The number of active wallets of this cryptocurrency increased by 6.9%. Now there are 3.47 million of them It is remarkable that at the same time the number of ethereum wallets decreased, down to 990 000 units.

But do not associate the opening of new wallets with an increase in the market value. As shown, the activation of miners may not be connected with economic factors.

Ethereum will block ASIC miners

Ethereum platform developers see the danger of using ASICs for mining cryptocurrency The use of specialized equipment leads to a loss of interest in mining from individuals. This increases the centralization of cryptocoin and violates the basic principles of the blockchain ideology.

At the press conference, the head of Ethereum security services Martin Swende (Martin Holst Swende) announced the development of a new solution. It will fight against professional ASIC-mining.

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