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On September 13 the Money Button launched, allowing people the ability to integrate a Bitcoin Cash-powered payment button into any website or application. This week we tested the Money Button’s user interface with a website to see how easy it is to add a digital currency payment button.
Also read: Ledger Nano S Review: Can This $ 65 Device Top Trezor?
Determining the pain points of a blockchain or cryptocurrency can be done in many different ways. In the case of Bitcoin Cash, a proper stress test was conducted a little while ago The results are rather promising, and a lot of valuable information was obtained. The following key findings are ranked in term of overall importance.
It is always good to see a stress test be successful because increasing the number of transactions does not pose any real problems. In the case of Bitcoin Cash, the stress test has been quite successful, as the number of transactions was ten times higher compared to the regular throughput. A promising sign for the future, and it allowed the developers and community to observe all of the results accordingly.
On September 1, Bitcoin Cash proponents led a community-driven stress test by sending millions of transactions in one day. In fact, the protocol’s miners processed 2.2 million transactions in 24-hours and processed massive sized blocks all day long. But the stress testing fun didn’t end there as many BCH supporters continued to flood the network with transactions. The next day saw upwards of 1.37M transactions, and September 4 data has shown participants still were going strong with 1.67M processed yesterday.
Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
Over the weekend, Bitcoin Cash conducted a stress test designed to prove to merchants and businesses worldwide that its mainnet is capable of scaling on chain and handling huge transaction volumes currently. The principal takeaway from the results of the test was that increased transaction volumes did not lead to a fee surge, and in
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It’s getting close to the Bitcoin Cash (BCH) network stress test and many BCH proponents are preparing for the occasion. BCH supporters hope to send out millions of transactions on September 1 in order to see how well miners can process all of the transactions in the mempool. Today we are going to explain a few ways for people to participate during the BCH network stress test day and how they can monitor the network action as well.
Also read: Japan Roundup: Public Companies Unveil New Mining Plan, Exchange, Token Fund
The regulators have awoken. SEC Director William Hinman introduced novel concepts to the securities law analysis such that sellers of digital assets may have an escape valve. Yes, even if their initial sale triggered securities laws, later sales may not. The industry should not move forward without careful exploration of these concepts.
First order of business: Can digital assets change their colors? As outlined by Global Digital Finance, a digital asset can be a financial asset token (potentially coded as a security), a payment token (Hinman used the term “coin”), or a consumer token (Hinman used the term “token”). The relevant question is not whether an asset can change its token type, but whether the latter two types — a “coin” or “token” in Hinman’s words — can ever become securities.
Civil, the “decentralized platform for independent, sustainable journalism”, will begin its token sale (CVL) on August 13th — but getting in on on the action might be harder than you think.
In June of 2017, reports of a decentralized news and journalism platform surfaced, promising customers an ad-free environment where they could read the news that mattered to them. A year later, that platform Civil is rolling full steam ahead as it prepares for the launch of its token sale (CVL) on August 13th.
Bitcoin’s price pullback is seen yielding a more sustainable rally to $ 8,000, according to technical studies.
CoinDesk
A new discovery in BitPico’s “stress test” on Bitcoin Cash (BCH) has allegedly unearthed further evidence of the altcoin’s centralization.
According to the group, which began focusing its attention on BCH last month after conducting similar “test” on Bitcoin’s (BTC) Lightning Network, a number of full nodes on its network are “located in the same server rack.”
Producing a screenshot of the findings, BitPico called on Bitcoin Cash representatives to “explain” the centralized nature of the nodes.
98% of the shown nodes are sitting in the same server rack.
Within minutes of rumors spreading regarding the SEC’s classification of both bitcoin and ether, the entire crypto market breathed a sigh of relief as everyone enjoyed a nice bounce. Prior to the news, bitcoin saw several days when buyers began to disappear from the market. After bottoming in the low $ 6,100s, the SEC news spread and a modest rally on relatively low volume ensued:
Figure 1: BTC-USD, 1-Hour Candles, Weak Rally
In a collaborative effort to test the Brave platform and its digital advertising token, the Basic Attention Token (BAT), the Dow Jones Media Group has joined up with the Brave Software team.
On April 18, 2018, the two organizations announced that they will experiment with blockchain technology in the realm of digital advertising and media publication. This entails testing the Brave browser’s digital advertising platform and its native currency, BAT, across the Dow Jones Media Group’s brands, which includes Barron’s, the Wall Street Journal and MarketWatch.
Malta is moving closer to introducing a test that would clearly define when assets derived from initial coin offerings are securities.
CoinDesk
Although Bitcoin has managed to gain credibility and legitimacy in the financial world, skyrocketing transaction fees and long transaction times are becoming an increasingly severe handicap. The good news is that developers are making progress towards the Bitcoin Lightning Network (LN) implementation. LN promises to reduce Bitcoin’s transaction fees dramatically, and achieve near-instant transactions. You can test a Bitcoin LN transaction right now.
Bitcoin users are unhappy about the high costs of transaction fees. Bitcoin average transaction fees have spectacularly surged from about $ 0.69 USD in January 2017, to over $ 28 USD on December 18, as shown in the chart below. BitInfoCharts provide this chart.
