Bitcoin Network Has Become More Secure in 2019


Bitcoin Network Has Become More Secure in 2019
Contents

According to data provided by Bitcoin developer Jameson Lopp, it would now take more than Proof-of-Work (PoW) equivalent 400 days to rewrite the entire Blockchain by somebody who controls 100 percent of all hashrate. This is the longest it has ever been.  

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Another confirmation for the bulls?  

Notably, the number of PoW days has been steadily rising since December when the BTC price bottomed out at $3,100.

Hence, this can serve as an indicator that we are currently in the bull market (in case Bitcoin’s meteoric rise $9,000 wasn’t convincing enough).

Once the BTC price reaches its ATH, the amount of time needed for rewriting the Blockchain is expected to start decreasing (as it happened in 2017).

Prior to that, Bitcoin only crossed the 350 PoW days mark in 2013 and 2015.

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The BTC network is growing stronger  

As reported earlier by U.Today, Bitcoin mining difficulty recently reached its new ATH, which proves that the network is becoming healthier.

It is now harder to mine a block, and that, of course, is also attributed to the Bitcoin price rally that took place in April and May.

These new milestones come on the heels of the recently Binance controversy. The leading exchange by trading volumes suggested performing Blockchain reorganization in order to recover $41 mln lost as an aftermath of a security breach.

Of course, the exchange quickly backtracked on this idea after facing major backlash from the Bitcoin community.

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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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Ripple’s XRP Is on the Cusp of Major Breakout

  • Alex Dovbnya
    📰 News

    ⚡🕓 XRP has so far shown a rather underwhelming performance in 2019, but the upcoming weeks look very promising 🔮👀


Ripple’s XRP Is on the Cusp of Major Breakout
Contents

Cryptocurrency trading expert claims that XRP investors should be ready for big gains as technical indicators look very bullish for their favorite remittance token.

The XRP price is currently sitting at $0.43, and the $0.45 resistance level seems very hard to surpass.

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Another rally is just around the corner

As reported by U.Today, XRP got a major boost after it was announced that it would be used by MoneyGram for conducting cross-border payments.

Ripple acquired 10 percent of the MoneyGram, making its shares spike by an eye-popping 150 percent.

After the MoneyGram hype died down, XRP experienced a slight setback, but another price surge seems imminent.

The traders are about to witness a major breakout confirmation in the form of a golden cross. Once XRP forms this bullish pattern, the sky's the limit – it could go as high as $3.30, thus retesting its current ATH.

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XRP will follow Bitcoin

The analyst also points out that XRP’s future breakout could be accelerated by another upward move on Bitcoin’s side.

The number one cryptocurrency has recently reached $9,400 for the first time in more than 13 months, and it is currently vying to reach $9,500, another major support level before hitting $10,000.

Cover image via u.today
Subscribe to U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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