Cryptocurrency News For 22 Oct 2017
Current market capitalization of world’s first cryptocurrency is $93,567,333,272. Due to the number of cryptocurrencies often with no practical utility saturating the market, alternative cryptocurrencies can find it hard to gain any sort of ground in an already diluted market.Bitcoin stood out as the first with good development, Litecoin stood out as a ‘silver to Bitcoin gold’ coin, Peercoin used an innovative POW and POS (proof of stake) combination.
Everyone sees headlines like this all over the internet: Bitcoin is a false truth, warns analyst,” and this CNBC article, Bitcoin’s nearly five-fold climb in 2017 looks very similar to tech bubble surge.” There is even a site dedicated to collecting these FUD and clickbait claims the mainstream media repeats.
The biggest performance change we’ve seen yet has come with a new version of cudaMiner released yesterday This new version (2014-02-18) brings initial support for the Maxwell architecture, which was just released yesterday in the GTX 750 and 750 Ti. With support for Maxwell, mining starts to become a more compelling option with this new NVIDIA GPU.
The 24-hour trading volumes (Volume 24h) for the five dominant cryptocurrencies (Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash) at the start of the fourth quarter totaled USD 1,830 million (table 1.1). The ZAK-3 Crypto and ZAK-5 Crypto indices are considered in more detail in tables 1.2 and 1.3.
At the Consensus blockchain technology summit this past year, Delaware Governor Jack Markell gave a keynote speech announcing the initiative and laying out a blockchain roadmap for the next five years, including a new joint effort with Symbiont to digitize and store the entire Delaware Public Archives on a blockchain ledger in 2017.
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While hundreds of different cryptocurrency specifications exist, most are derived from one of two protocols; Proof-of-work or Proof-of-stake All cryptocurrencies are maintained by a community of cryptocurrency miners who are members of the general public that have set up their computers or ASIC machines to participate in the validation and processing of transactions.
However, while the blockchain startup touts that the project is technologically achievable, the company’s founder and CEO Sasha Ivanov admitted the regulatory uncertainty – namely, the whether of whether the NSD would be legally allowed to deal with digital assets – poses a major challenge for the project deployment to market.