Op Ed: Here’s Why the Bitcoin Price Skyrocketed in 2016 Despite Scalability Concerns
For the past two years, the main topic of conversation in the Bitcoin community has been the scalability debate. While the peer-to-peer digital currency system processes more than 300,000 on-blockchain transactions per day and recently reached an $18 billion market cap for the first time, the path toward scaling this system to a global economy over the....
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2016 has been an excellent year for Bitcoin in many respects. Scalability innovations like Segregated Witness have been introduced to the Bitcoin community, many successful Blockchain and Lightning Network tests have taken place and many new markets have turned to Bitcoin as a viable currency option. The price of Bitcoin has been a major positive in 2016 as well, with its value up by well over 75 percent. Now, Dec. 1, 2016, marks the highest Bitcoin price measured in over two and a half years. New Bitcoin high for 2016. According to BitcoinAverage, the price of Bitcoin passed the $760 mark....
Crypto exchanges have become popular for enabling consumers to purchase, sell, swap, and store digital assets. However, research has shown that exchanges have been easy prey for hackers, especially as the popularity and price of specific crypto currencies has skyrocketed. Typically affecting thousands, if not millions, of users and resulting in the theft of hard-earned […]
The next wave of DeFi will see users utilizing L2 chains, interacting freely or at near-zero cost with newer DeFi applications. Scalability is one of the main hindrances within decentralized finance (DeFi) applications and has created huge barriers to entry. Closely linked to this has been the issue of high gas fees, which continues to be a major pain point for newcomers to the Web3 space. When Web3 goes mainstream, these gas costs will become minimal. For the user, the experience will become completely gas-less like how it is on Web 2.0 applications.As a result of the lack of scalability....
PRESS RELEASE. The popularity surrounding both the metaverse as well as different games has skyrocketed lately, with numerous projects all vying to attract investors. To that end, Geopoly is a geolocation economic simulation game that was introduced by Widow Games. It enables users to rent, acquire, improve, and sell real-world enterprises all over the world. The game runs in two layers: off-chain which runs on Android and iOS, and on-chain. The on-chain part of Geopoly is running on Polygon, and the connection with it provides an innovative ecosystem based on a gaming simulation....
Dual identity, battle against governments, competition from other cryptocurrencies, scalability among other factors make innovation inevitable if Bitcoin is to survive. ‘Developer fund’ could rescue Bitcoin. In a Vanbex Group report of April 4 2016, Brandon Kostinuk has compared the attempt to describe Bitcoin as a currency or an investment with trying to discern whether light is a particle or a wave. The correct answer of course is, it’s both, he says. In his analysis, Kostinuk points out that Bitcoin faces a multitude of battlefronts that may obstruct it from further pushing into the....