AI Rajarshi Mitra

Combination of Blockchain, AI Could Create Massive Synergies

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Blockchain and AI are two of the hottest topics in computer science, and it turns out they have quite a symbiotic relationship
Combination of Blockchain, AI Could Create Massive Synergies

Blockchain technology and artificial intelligence are two of the most interesting and disruptive technologies out there. While they are both extremely innovative, they have their own flaws. This is why people are now bringing these two amazing technologies together to create some interesting use cases. So, before we continue, let’s understand what these technologies are.

Blockchain technology

A Blockchain is, in the simplest of terms, a time-stamped series of immutable data records that are managed by a cluster of computers not owned by any single entity. Each of these blocks of data (i.e. block) are secured and bound to each other using cryptographic principles (i.e. chain).

The main advantage of this system is obvious. There is no central authority or single point of failure, and the system is created to be as democratic as possible.

Artificial intelligence

Artificial Intelligence is intelligence that is defined by machines. As Wikipedia puts it:

“AI research is defined as the study of "intelligent agents:" any device that perceives its environment and takes actions that maximize its chance of successfully achieving its goals.”

The main advantage of AI is the sheer amount of flexibility it provides. In a normal system, you need to put in each and every line of code for a machine to act in a certain manner. However, via AI, you can enable the machine to react to any changes in its perceived environment.

So, now that we have defined what both these technologies are, let’s see how they can complement each other.

First, let’s look at how AI can help solve some of the Blockchain’s problems.

How AI helps Blockchain: Mining wastage

Proof of Work mining is incredibly wasteful. Miners spend $400 mln worth of electricity annually on mining. If that doesn’t put things into perspective, then imagine this: Bitcoin mining consumes more power than the entire country of Portugal! While the proof-of-work system is secure, the fact remains that it is power wastage for the sake of power wastage.

AI has already shown that it can be used to control the amount of energy wasted. DeepMind AI has already been deployed to reduce the energy wasted in Google Data Centers by a whopping 40 percent.

How AI helps Blockchain: Blockchain scalability

Everybody knows that the biggest problem that Blockchain technology is facing is scalability, or to be more accurate, the lack of it. Bitcoin manages only seven transactions per second while Ethereum does a little better at 20.

AI can help Blockchain take scalability to another level via features like Federated Learning. Federated Learning is what Google is using to make your smartphones smarter. It is a machine learning technique that allows your phone to learn directly via your input without having to send your data to the cloud.

Since it provides immediate improvement to performance and user experience, you end up saving a lot of time. This same method can be used in Blockchain technology to propagate data without spending a lot of time waiting for individual nodes to come to a consensus.

Now, let’s look at the other side of the equation. How can AI improve its functionality via Blockchain technology?

How Blockchain helps AI: Big data 

AI is extremely hungry for big data and needs a constant flow of it. Back in 2001, Microsoft researchers Banko and Brill did an interesting study. They found out that for an algorithm, the more data you feed it, the less error-prone it will be. In fact, the error rate will fall exponentially if enough data is used. This was further highlighted in 2007 when Google researchers Halevy, Norvig and Pereira published a paper titled “The Unreasonable Effectiveness of Data.”

Fine, so if you feed your AI more data, you will make it smarter. What’s the problem here?

The problem is in storage. The storage demands of AI are extremely impractical when it is in operation. It can eat all the data that it wants but that data needs to be stored somewhere. The architecture of the Blockchain itself solves this problem. The Blockchain is decentralized and encourages its participants to engage in secure data sharing. There doesn’t need to be a centralized entity to store the data anymore.

How Blockchain helps AI: Avoiding centralization

Speaking of centralization, since AI needs a lot of big data, a corporation can simply “own” an AI by feeding it their data. Connecting an AI with the Blockchain will make sure the data is fed from a decentralized entity.

How Blockchain helps AI: Data trails

The Blockchain is a completely transparent open ledger. Anyone can look at the data inside and anyone can trace that data to its very beginning. Having access to that level of data traceability puts a lot of accountability on the participants involved. This can help in two major ways:

  •      Byzantine/Malicious actors may want to sabotage the AI by feeding it useless data. Having a transparent system where anyone can trace the data all the way to its originator will make sure that people are discouraged from doing so.


  •      When the bots interact with each other, having a clear audit trail of all the data will help improve machine-to-machine interaction.

Blockchain + AI examples

We have already seen some exciting implementations of Blockchain and AI. One of the most interesting products of this communion is Augur. Augur is a trustless, open-source, decentralized oracle and prediction market platform built on the Ethereum Blockchain. The Augur AI uses the “wisdom of the crowd” or the “collective intelligence” of the masses to make accurate predictions.

Blockchain + AI: Symbiotic relationship

As we can see, the relationship between AI and Blockchain can be extremely intriguing. They seem to be capable of a truly symbiotic relationship with one entity making up for the other’s weaknesses. With platforms like Augur, we have already gotten a mere glimpse of what this collaboration is capable of. However, we have only just scratched the surface, more research definitely needs to be done. We could be on the cusp of something truly special here.

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Evgeny Konstantinov

Trust in Crypto Space and the Next Tackle

The ever-accelerating development of Blockchain space has seen two major paradigm shifts, and the third one is underway
Trust in Crypto Space and the Next Tackle


The Bitcoin network went live in 2009 and the very first adopters were the people interested in technology. They were the ones who were able to analyze the code, read the eight-page whitepaper-with page nine devoted to a short list of eight references, only one of which was from the early 2000s; the rest being from the 90s, 80s, and even one from 1957- and get curious enough to try it out and explore the possibilities stemming from this new peer-to-peer electronic cash.

These were the people that formed the core of the Bitcoin, savvy to understand it and stick with it, for years. As with any breakthrough technology, the core is usually a tight group of people who have a very clear idea of what the technology is. If you’ve ever been around these people or are lucky enough to have them as a friend, you know that you trust them for all the technology things you don’t understand.

How technology trust is formed

First, you have a person create, say, an algorithm. Then you have another one review it and start using it exactly because they reviewed the algorithm and the code. Then you have the first reviewer’s and user’s friends trust the reviewer and start using the algorithm, but solely on trust, because they do not have a clear comprehension of how it works, apart from that it does and they are told that it does. Then these friends of the reviewer spread the knowledge and the trust of the system that they have to their other friends, who are now another step away from the person who wrote the code and the one who reviewed it. This spread goes on ad infinitum and will not stop even after the last Bitcoin is mined.

As you see, the first link of trust from the algorithm creator to the first user is established through code review and eventual use. This is the only shall we call it legitimate, substantiated, for lack of a better word link that is not on trust alone. All of what spreads after that comes trust-first or trust alone.

It can go even as far as to remove the actual algorithm and code and let the weight of the system stay on the web of trust (or delusion in some cases, which is still a reality in the crypto space) alone.

Riskful trust shifts

Bitcoin was the first cryptocurrency. More followed in its path, and more cryptocurrencies were created.

In 2013, Vitalik Buterin, on a long walk in San Francisco, collected his thoughts on fully generalized smart contracts- as opposed to limited scripting in Bitcoin- and put it all on paper under a proposition named “Ethereum: The Ultimate Smart Contract and Autonomous Corporation Platform on the Blockchain.”

This was a very novel idea then. The idea of a Turing complete machine, an immutable world computer operating smart contracts. The proposition caught on, other people joined in, the development took years, the ICO was conducted in 2014 and the Ethereum mainnet went live on July 30, 2015.

Again, for the idea of Ethereum to break through the cryptocurrency paradigm and into the one of immutable world computer and infrastructure, it took some time and effort of the community. Ethereum spread much in the same fashion as Bitcoin did, but in the space of crypto and thus faster. Based on web trust.

And again much like with Bitcoin, Ethereum ushered in a new era of infrastructure Blockchains that proliferated after.

Both the Bitcoin and Ethereum shifts were done and spread on trust, but if I were to give that trust a modifier, I’d use the word riskful. That was a web of riskful trust, a leap of faith for a lot of people who were not that familiar with the technology and had to trust what other people told them. Riskful trust and a riskful relay of information that always gets obfuscated along the way.

Now if you think of the two major shifts while relying on people and the community, were purely technological. They both represent the use of a trusted ledger in the trustless environment.

In the crypto space, there are always two layers- the Blockchain layer and the people layer:

  • Addresses with crypto assets on the multitude of the Blockchain networks

  • People who use and control their addresses on the multitude of the Blockchain networks

Both layers have major activity and progress in how they evolve.

Both layers concatenate: addresses & addresses; people & addresses; people & people.

Both layers interact: addresses & addresses; people & addresses; people & people.

But whereas the Blockchain networks are transparent in their concatenation & interaction, the people layer is not transparent.

It is an inherent drive for people in communities to trust each other, be transparent and work together for the common good.

Yet, unlike on the Blockchain layer, there is no tool for the transparent and honest interaction on the people layer. The absence of this transparent and honest space hinders the progress towards greater goals and adoption.

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Blockchain solutions for people

The next major breakthrough will be geared towards people, the technology will melt the blockchain layer with the people layer to create riskless interaction and riskless trust.

Many players in the space understand this, and there is right this moment a race to who comes up and implements the solution first. There are projects like identifi, with Martti 'Sirius' Malmi hailed as the second ever Bitcoin developer behind the project and DREP led by Matt Bennice, a former software engineer of the famous semi-secret Google X. And there’s— a social capital ledger that is also an interface to Blockchain governance.

If Bitcoin and Ethereum were the first two major paradigm shifts in the Blockchain and crypto space, the third major shift is one of the most impacts in how it affects people and communities.

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BTC vs. XBT: What’s the Difference Between Bitcoin Symbols?

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CoinMarketCap, a touchstone for cryptocurrency research data, displays the BTC ticker, but U.Today tries to determine what other Bitcoin symbols you may stumble upon
BTC vs. XBT: What’s the Difference Between Bitcoin Symbols?

Understanding crypto tickers

Despite some common beliefs, no one registers a cryptocurrency ticker (they are not protected under copyright law). It pertains to all known crypto tickers, including the ubiquitous BTC and ETH. They are perceived as the standard ones due to the fact that they come straight from Satoshi’s and Vitalik’s respective white papers.

For ICO issuers, it is a mundane practice to specify the name and the ticker of the token to avoid confusion. In order to list stocks, bonds or other securities on the NYSE, there is an approval process involved, but there are no geographical restrictions, which essentially means that the same ticker could work in another country. However, when it comes to the decentralized world of cryptocurrencies, it is not an easy feat — there are certain coins in the likes of Nimiq’s NET that fail to get listed on exchanges because it coincides with another cryptocurrency.

The tale of two Bitcoin tickers

Before Bitcoin hit the mainstream, the only existing Bitcoin ticker was BTC (the logical shorthand that doesn’t raise any additional questions). As mentioned above, the BTC ticker was created by Bitcoin’s elusive creator Satoshi Nakamoto, so there was no need to come up with another variant — everyone perfectly understands what BTC is.         

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So, what is XBT? When the popularity of the flagship currency started skyrocketing (along with its price), there was a need for a currency code, but the problem was that the ‘BTC’ ticker name actually violated the ISO 4217 standard. According to these rules, the first two letters of the currency symbol are supposed to represent the country (case in point: USD where ‘US’ stands for the United States). When it comes to Bitcoin, there was an issue with Bhutan — the ngultrum (BTN), the country’s national currency, created roadblocks given that its very first letters coincide with that of Bitcoin.  

That eventually prompted the appearance of a brand-new Bitcoin code: XBT (it is still not considered to be the official ticker of Bitcoin). Apart from the vast majority of national currencies, ISO 4217 also provides codes for the so-called ‘super currencies’ that are not restricted to a certain currency and pose as a global medium of exchanging money. These currencies are also dubbed ‘X currencies’ due to the fact that they always begin with this very letter:

  • gold (XAU);

  • palladium (XPD);

  • platinum (XPT).


Why not XBC?

Given that Bitcoin is an international currency, it is now crystal clear why it starts with X, but the third letter of the new abbreviation might still seem rather confusing for uninitiated traders. XBC is by far the most obvious variant if you take into account the name of the currency (‘bit’ and ‘coin’). The answer is simple: there is already a currency with this ISO 4217 currency code that stands for a European Unit of Account.

The state of adoption  

Now that you know the origin of the ‘XBT’ ticker (if you knew about its existence in the first place), let’s compare it with BTC, the old-timer that has been associated with Bitcoin since its very inception in 2008. For instance, if you want to google the price of Bitcoin, BTC is your best bet (however, the XBT cryptocurrency will work just fine as well).  

There is no consensus between different cryptocurrency exchanges on what Bitcoin ticker should be universally accepted. For instance, Coinbase, a major San Francisco-based cryptocurrency exchange whose valuation has recently exceeded $8 bln, sticks to BTC. Meanwhile, Kraken, Coinbase’s biggest competitor in the fiat-to-crypto niche, was one of the first exchanges to give edge XBT edge over the more established abbreviation.

In a brief post, Kraken explains that establishing one common standard contradicts the idea of decentralization, which is why there is no officially accepted ticker. They claim that the Satoshi-proposed ticker enjoyed the widest use in the crypto space, but the new abbreviation is particularly important for cryptocurrency adoption since it places the fledgling asset class in gold as a global currency that is gradually gaining legitimacy.

Having a currency code in a centralized system may not seem like a big deal. However, it makes a world of difference when it comes to the Bitcoin adoption problem — the green light given by ICOs allows Bitcoin to enter the databases of major clearing networks (PayPal, SWIFT, etc.). Needless to say, the new ticker also boosted the recognition of Bitcoin on Wall Street (Bloomberg terminals were among the first to adopt the new XBT abbreviations).  

XBT subunits

After coming up with an alternative Bitcoin symbol, another top-level issue consists in determining subunits.

One XBT coin has eight subunits, but this is not the final division given that the number of decimals would have to increase over time. Still, only three subunits have managed to achieve mainstream adoption in the crypto space:



Value (of 1 BTC)










NB! Some exchanges have long been displaying BTC price in bits, leaving only two decimals on the right.

Things are getting even more complicated — prepare for more tickers

If you are dealing with huge economic sites such as the likes of Yahoo! Finance, you won’t likely see either of those abbreviations. They normally use the NYXBT ticker that represents the NYSE Bitcoin Index created by the New York Stock Exchange back in 2015.
It is worth mentioning that the index is not quite convenient for cryptocurrency traders since it updates only once a day (at 6 p.m. EST). Due to the volatile nature of cryptocurrencies, the exchanges (Coinbase and others) that update data in real time would be by far a better choice. The current prices are also displayed on U.Today (at the very top of the website).        

To make things even more confusing, there is one more ticker called $BCOIN that is specifically designed for the website StockTwits. Meanwhile, investors who trade Bitcoin on the stock market are certainly familiar with the Bitcoin Investment Trust ticker (GBTC). There is also yet another Bitcoin stock symbol, BITCF (it stands for First Bitcoin Capital Corp).    

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Same issues with Bitcoin’s stepbrother  

Remarkably enough, Bitcoin is not the only coin with multiple confusing tickers. Bitcoin Cash, the offspring of the world’s largest cryptocurrency, initially used the logical BCC symbol, but there was already the BitConnect token with the exact same symbol. Eventually, the BCH ticker symbol appeared, but some exchanges still stick to BCC.
Recently, it provoked a heated discussion on one of the biggest crypto-related subreddit, with users calling out Binance for failing to update the old symbol. Due to the big scope of the controversy, Binance CEO Changpeng Zhao himself had to comment on the situation, claiming that the change of the ticker would cause at least a two-hour long trading halt.

“We felt the tradeoff is not worth it. Thank you for your understanding.” – CZ, the CEO of Binance.  


One has to realize that both of these tickers are interchangeable, and both of them are here to stay. Hence, the BTC vs. XBT discussions are futile.

While BTC has already become a staple in Bitcoin’s community, XBT saw a wider adoption by traditional financial institutions along with some crypto exchanges such as the likes of Kraken

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VeChain Price Prediction- Forecast From Professional Trader

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What makes VeChain a good investment– VeChain prediction 2018/20/25
VeChain Price Prediction- Forecast From Professional Trader

Although Bitcoin seems to rule the market completely and undividedly, there are many decent altcoins popping up on the horizon. One of them is VeChain. Surprisingly, the platform behind it has existed over 10 years, and now VeChain creators are ready to join the competition for the top of crypto market. What makes this cryptocurrency so special, and should you invest in it? Our guidelines and VeChain price prediction will help you to make an informed decision.

What is VeChain?

Recently renamed, Singapore-based VeChain Thor project is a Blockchain platform that’s designed for business applications dedicated to the storage, transportation, inventory quandaries, and tracking. It relies on Ethereum to implement smart contracts.

One of the basic technologies underlying VeChain is PoA (proof of authority) that allows successfully combining some advantages of centralization with technological advanced. This platform eliminates some problematic issues connected with government regulations because it’s based on the identity of the validator, not consensus. It’s authorized nodes that are responsible for transaction validation.

what is VeChain
VeChain is a versatile tracking platform

VeChain’s technological superiority ensures a high speed and frequency of transactions, as well as simplicity of operations. Like Ethereum, it supports decentralized Apps and can help to streamline business activities across a broad spectrum of sectors, being combined with IoT. VeChain has already established a partnership with some authoritative companies.

Although this platform is called ‘Ethereum for business, ’ there are many considerable differences between both:



Uses proof-of-authority

Uses proof-of-stake

There are 867,162,634 VET in circulation

There are 100,800,359.50 ETH in circulation

The application is limited by the sphere of tracking and a few other business operations. VeChain relies on the RFID tags to work.

Sphere of application isn’t limited. Ethereum is a flexible solution but required a lot of extra coding to be adjusted to a project.

Not mineable


Development is done privately

Open-source project

Market cap (July 2018) - $1,441,660,121

Market cap (July 2018) - $50,043,846,687


Now when the stage is set, let’s get down to VeChain coin price prediction.

VeChain Thor Prediction in 2017: Were the expectations justified?

Unlike other altcoins, the cryptocurrency experienced a sudden growth even before the November-December 2017 VeChain coin prediction started realizing. At the end of Summer 2017, VEN coin rose and reached the price of $2.31. Suddenly, it got back to $0.25, and some investors lost faith in the currency. However, despite the fact price prediction for VeChain didn’t exceed $5, it soared in December, and in the middle of January 2018, got to its maximum of $8.02.

VeChain price prediction 2018

If the crypto community witnesses another wave of coin popularity, VeChain can be traded for about $19.6 by the end of this year. Therefore, you can make a good return on your investments. However, this can be called a too optimistic VeChain 2018 price prediction– other sources provide different numbers.

According to technical analysis that’s based on historical price trends and currency performance, VeChain can reach $12 in one year (WalletInvestor’s prognosis). Another website,, predicts VeChain to reach $8-11.8 in December 2018. Both forecasts are quite positive.

What do experts say? Roger Ver, one of the biggest Bitcoin millionaires, says that VeChain has a lot of potentials since it allows for solving real problems, and can be applied in a wide range of industries.  Therefore, your investments can pay off pretty quickly.

VeChain price prediction 2020

Forecasts for a longer term also seem to be pretty great. Thus, according to, VeChain may be in the range of $21.02- $30.92 in 2020. Website predicts VeChain will be around $5.5. in 2020, which doesn’t seem to be much.

There’s one aspect that makes authoritative investors believe in VeChain potential. This platform is versatile– it may be used for tracking literally any item. Therefore, It may attract a lot of attention from corporate investors.

Long-term VeChain coin prediction

If we look even further, VeChain appears to be a very promising investment. According to, the price of currency can get as high as $75.’s forecast is only $41.457 in 5 years time. However, it means that your investments will be compensated by over 1,000 percent, which is great!

Other sources give different information:

VeChain predictions on WalletInvestor
VeChain predictions on WalletInvestor

When it comes to VeChain prediction on Reddit, users cannot say exact numbers, but share a mutual opinion that this currency has enough potential to outperform its rivals and be widely implemented in various projects. Thanks to supporting from the famous partners like BMW, it can become enormously popular.

Bottom line

Before making any decisions and believing VeChain crypto price prediction, keep in mind that this cryptocurrency hasn’t been properly researched yet. Here are some pro tips:

  • opt for short-term investments better
  • make diversified investments
  • or wait a bit to see the performance and overall authority of VeChain platform.
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Darryn Pollock

If This is the Bottom For Bitcoin, What Will Its Bounce Back Look Like?

If Bitcoin has reached its bottom, what will the bounce back look like? Are we in for another rollercoaster ride to new heights?
If This is the Bottom For Bitcoin, What Will Its Bounce Back Look Like?

There is no doubt that Bitcoin has found itself stagnating in terms of price in and around the $6,000 to $7,000 mark. Many have called this a bear market and one that is holding the price down, with many predicting that its bottom has been found.

But, if the bottom has been found, and, as they say, the only way is up, what will Bitcoin’s bounce back up in terms of price and market look like? The cryptocurrency has only been around for less than a decade, so it is hard to predict its movements, but some are already seeing the future.

Vitalik Buterin does not believe that there will be any more 1,000 percent growth spurts in the future of Bitcoin and other cryptocurrencies. However, the likes of Mike Novogratz feel that $6,000 is a classic bottom and the institutionalized money will drive it further.

Is this the bottom?

In terms of finding the bottom, it is an important exercise for traders, as it suggests that there will be no further losses from there. Novogratz, a former hedge fund manager at Fortress Investment Group and Goldman Sachs Group partner, believes $6,000 is it.

“Bitcoin has held $6,000. Yes, it is off its highs, but it has established itself as a store of value,” Novogratz said. He explained as well that the drop from those heights came as Bitcoin experienced a “classic speculative global mania” in 2016-2017 but is now on the upswing because the market has hit “seller fatigue.”

But if this is the bottom, what does the upswing look like? Bitcoin gained much of its traction by breaking records and molds with its climb to $20,000, but is that likely to be seen again?

Banks will experience “FOMO,” on the crypto trend, Novogratz added. “I think institutions are moving towards investing. It’s shocking how much has happened.”

No more exponential growth

Buterin has said that even with this institutionalized money waiting to enter the market, it is unlikely that the world will see such massive growth again as the excitement about the new and unknown cryptocurrency is over.

“The Blockchain space is getting to the point where there’s a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of Blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore,” Buterin said.

However, Ethereum co-founder Joseph Lubin has said he disagrees with Buterin and that there is still plenty of people and entities that will enter the crypto space and help prop it up.

Countries along with the biggest corporations around the globe are already utilizing this nascent technology, so it will have an enormous impact on how whole economic and political systems are built was Lubin’s point.

Look at the graphs

One thing that may give insight into how the cryptocurrency market will grow is its previous rallies and falls. There have been many times where Bitcoin has grown by a staggering amount only to correct again and slowly build up to be bigger and stronger.

This latest rally to $20,000 may just be a precursor of things to come and a similar spike, and fall, but a much higher price could be on the horizon. Or, as Buterin suggests, the ceiling has been reached and the growth will be steady, a bit like after the Dot Com bubble burst.

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Lightning Network Quadruples in Size Despite Less Need for it

Lightning Network was seen as a viable option for Bitcoin when the cryptocurrency was over capacity and slow; now, there is less need, but big growth
Lightning Network Quadruples in Size Despite Less Need for it

The Lightning Network has always been closely watched as a potential scaling solution for Bitcoin, and at the stage where Bitcoin needed it the most, there was a lot of interest in this off-chain solution.

Lightning is its own solution, and has been implemented on many different blockchains, but it is still largely seen as a great option for Bitcoin with its ability to take transactions off the chain and thus make them far cheaper and quicker.

The issue is, the need for Bitcoin scaling has come way down as has the price of the cryptocurrency. Yet, the growth of the network supporting the Lightning solution has grown exponentially this year, and has made massive gains in this last month alone.

It is interesting to see how alternative blockchain and cryptocurrency projects are moving along with little concern over the financial market of the cryptocurrency side of things. This is a real indication that the cryptocurrency and blockchain space is not solely dictated by the price of Bitcoin, and that there is a lot of forethought going on for the future.

4 X Bigger

Last month alone saw the Lightning network top 4,000 nodes and then explode in capacity to over $2 million value of Bitcoin. Though the value of Bitcoin has since fallen, in terms of BTC the capacity has nevertheless continued to rise.

There has also been a big increase in the number of open channels, breaking 16,500, while nodes have increased to 4300+.

Steady growth

The growth of not only the project that is Lightning network, but also its actual network is impressive. The Lightning Network really only launched on MainNet back in January and is rising steadily.

It is interesting to note that the growth of the Lightning Network, which is most effective when there is a full and busy Bitcoin blockchain, has still been growing even with the decline in price, and thus a decline in transaction fees and a speeding up of transaction times.

It is indicative of a project that is looking to become solid and sustainable, as well as effective for when the Bitcoin blockchain indeed does become full again and in need of scaling.

Many projects linked to the cryptocurrency financial side of things have felt a real pinch in the growing lack of enthusiasm in the market. ICO projects, for example, have not been faring well in this bear market, and in fact, the entire ICO ecosystem has all but fallen flat after its highs of January.

Inverse correlation

The inverse correlation of the growth of the Lightning Network to that of the ICO market is hugely positive as it show that ICOs, with their speculative nature, are not ones for the future and does coincide with the downturn in sentiment. But, projects with sustainable and promising futures have continued to grow devoid of the market’s influence.

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