Yuri Molchan

ZCash Announces Roadmap With Possible Mining Algorithm Change By 2020

By 2020 Zcash may choose multiple mining algorithms, keeping GPU miners
ZCash Announces Roadmap With Possible Mining Algorithm Change By 2020

During the recent Zcon0 event the team of the anonymous coin Zcash (ZEC) outlined its future moves.

Zcash has been in existence for about a year. However, it has a level of centralization that allows implementing changes and plan future rather quickly.

Recently, the platform conducted a hardfork called Overwinter. More hardforks are expected to follow in the future. However, the developers do not plan to change the mining protocol right now and make the recently created ASICs useless.

Nevertheless, they intend to change it in the future.

Future changes

After the recently conducted vote at the Zcash Foundation, it was decided not to close the mining protocol for ASIC devices. The governing board of the platform decided to change it later on and disclose it to potential equipment producers immediately so as to receive support from miners from various sides.

The idea is that Zcash may choose to change for a multiple mining algorithms by 2020, this way the coin’s community will not be dependent only on GPU miners, even though they make up a significant part of the network.

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Market situation

Despite the active marketing, the ZEC cost has not been following the expected pattern and the asset remains volatile and just a niche coin.

The majority of ZEC trading is taking place on LBank and HitBTC exchanges, with low popularity though. Besides, the coin is paired mostly with BTC. Therefore, the drop in the Bitcoin price impacts the ZEC rate as well and the big cryptocurrency is pulling down the smaller one.

At the moment, ZEC is trading at around $149, having lost over 18 percent of the price this week.

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Darryn Pollock

Can State-Backed Cryptocurrencies Work, Are They the Answer?

Some regulators are going as far as to make their own cryptocurrencies, is this a viable option?
Can State-Backed Cryptocurrencies Work, Are They the Answer?

When Russia firstly banned access to cryptocurrency exchanges and then announced that they would be launching a state-backed cryptocurrency called the Crypto Rubel, most were very suspicious and dubious.

But the trend is growing. Venezuela is ahead in the race of these state-backed coins, having launched a pre-sale of the Petro, an oil-pegged cryptocurrency launched by the government.

Now, even the Turkish government is mulling over perhaps building their own state-backed cryptocurrency as a way to maintain regulation and control over the burgeoning Blockchain and crypto space.

However, is this not an oxymoronic term, a state-backed’ and therefore centralized, cryptocurrency. One of the biggest appeals of cryptocurrencies is that they are decentralized and absent from control, but perhaps to fit in, this needs to change?

The issue with decentralization and centralization

Decentralization, when Bitcoin was still being discussed on cryptography forums with hushed anarchistic and liberal tones, was the shining light of possibility for the cryptocurrency. Financial freedom and the power to cut loose from the monopoly that had been built by central banks and governments.

It is also one of the major factors as to why those same banks and governments have feared Bitcoin, knowing that it has the potential to be a true competitor. However, it must be stated, that there is still a long way to go for Bitcoin or any other coin, to make banks and fiat currency obsolete.

However, cryptocurrencies have emerged from the shadows somewhat in recent times, gaining a huge amount of momentum and mainstream appeal. This has lead to regulators being forced to act and to do their job.

Some regulators are going with a hard-line approach, such as China with its blanket bans, others are curious but want it to fit into current legislation, which is problematic as a decentralized platform is hard to control. But overall, most regulators and nations want to encourage cryptocurrencies and especially Blockchain.

State-backed

In light of this keenness to see Blockchain thrive it is understandable why governments believe that a state-backed coin can be the answer. They are happy to see Blockchain thrive, and as such, cryptocurrencies, and also believe that they can regulate to their standards if they are the ones in charge of the new cryptocurrency.

However, it is good in theory but possibly won’t work. Already, the Petro is getting a lot of pushback and criticism, and now, the Russian Crypto Rubel is being touted as a potential non-starter.

The creation of a centralized coin, like the CryptoRuble, seems impossible, as cryptocurrencies are based on decentralized ledgers, Russian Finance Minister Anton Siluanov told President Putin, according to Russian media.  

Hard to get buy in

Regardless of the need for a balance between the crypto community, which is after decentralization, and the regulators, who need control, the idea of a state-backed coin, a centralized one, is a little too weighted to the regulators.

What is more needed is a positive regulatory body that maintains decentralization, but also holds cryptocurrencies under the legislative blanket of the country

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📈 Pricewise Vaido Veek

BTC Bullish Pattern, EOS Is Stable, TRX Almost Ready To Make a Breakout: Price Analysis, Oct. 4, 2018

Pricewise
Bitcoin got a bullish candlestick pattern, EOS shows some stability, TRON is almost ready to make a breakout
BTC Bullish Pattern, EOS Is Stable, TRX Almost Ready To Make a Breakout: Price Analysis, Oct. 4, 2018

*** Please note the analysis below is not investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of U.Today. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin got a bullish candlestick pattern

Bitcoin

Yesterday was a very important day to find out what we can expect the next days. We reached as low as the April level at $6,425 and after that, the price quickly bounced upwards between the round number and the strong support at $6,460. Basically, we touched three important levels below the current price and we got a bounce, that gave us a nice daily candle close which was again above the $6,500. It is a very good sign because we touched pretty low levels and still the bulls manage to push the price upwards above the round number and this 'jump' gave as also a bullish candlestick pattern called "Hammer.” The hammer also indicates that we can see a reversal.

Bitcoin

If we look at the four-hour chart (image above) then, after the daily candle close the price made a very powerful statement upwards. The close was above the EMA's, the volume oscillator MA (moving average) is nicely pointed upwards and most importantly, the altcoins followed this movement and they are also on the green side.

Currently, if we want to look the next resistances at the moment, we are on the pretty significant price area, the trendline area (pulled from July 24). The trendline and the latest resistance (orange 'line' above the current price) makes a crossing area. If we want to go to the higher prices then we have to break this crossing area. The break might open major resistance level at $6,767.

If we don't find that power and if the momentum doesn't last long enough then our well-known levels below the current price start to work as support levels. A daily and the four-hour candle close below the $6,450 will be the significant signs that those moves were just little ‘fakeouts’ and it confirms bearishness.

EOS (EOS/USD) shows some stability

EOS is currently on the short-term consolidation mode. After the September rallies, where it made new short-term higher highs, it had a little bit of a slow down.

EOS

At the moment we could see that it is on the chart pattern called "Triangle" and the triangle tip is a bit far from us, which indicates that we might see a small movement from EOS.

Positive signs are: we still have higher lows on the price structure and the current price is above the EMA's. This will show that it slowly start gaining some power to push through the triangle and this breakout from the triangle is also our main focus.

To make a breakout, we have to fight with the triangle trendline and with the February low which works as a resistance, but that's not all because after the breakout from the triangle comes the round number $6 and then the latest peak (lower high) will start to work as a strong resistance level. So, pretty heavy levels above the EOS and to break through, firstly, BTC has to make a breakout from the trendline.

TRON (TRX/USD) is almost ready to break the trendline

As almost all the altcoins TRON hasn't made any significant movements lately. The last push upwards brought us above the 50 and 100 EMA's and 200 EMA is slightly above the current price.

Tron (TRX/USD)

TRX has a great potential to go upwards if it breaks above the trendline, which is pulled from June 19.

This trendline has several touches and plays a pretty significant role in further TRON price. If TRX finds the power to push through the trendline, then there are some not so significant points above us, but then it's easy to climb higher. In the short-term (since Sept. 12) TRX has made nice higher lows which gave us an opportunity to draw the counter trendline. There is a chance to break through to the target around $0.0275 (the green box).

If the market doesn't catch that upward momentum and if TRON makes a breakout downwards from the counter trendline, then it would be a bad sign. Because this level has held us pretty consistently and if we break down then it will break that market structure and the bears will take control over the bulls. The supports are on the image, marked with red boxes and pulled from important previous support areas.

📈 Pricewise
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David Dinkins

Ripple Will Not Be Next Bitcoin, But That’s Not Bad

Ripple will not be the next Bitcoin, but it could still be wildly successful
Ripple Will Not Be Next Bitcoin, But That’s Not Bad

Voltaire famously wrote that the medieval Holy Roman Empire was neither holy, nor Roman, nor an empire. In the same way, at least according to the MIT Technology Review, Ripple is neither decentralized nor a currency. But lest we judge it too harshly, it’s wise to remember that it was never intended to be either.

Next Bitcoin?

For years, cryptocurrency languished in obscurity. Assuming they didn’t make too many missteps along the way, early adopters of Bitcoin became millionaires. Many of those who were a little late to the Bitcoin party became early adopters of altcoins, and also became millionaires. Now that crypto has burst into the mainstream and made many people fabulously wealthy, crypto newcomers are desperate to pick the next Bitcoin. Every new investor seems to think if they can buy a digital asset for less than a dollar, they’ll become ridiculously rich when that asset eventually hits $10,000, as Bitcoin did.

While it can’t be definitely said that there isn’t another nascent Bitcoin waiting in the wings somewhere, if there is one, it certainly isn’t Ripple. The currency’s wild ride last year made it the best performing crypto asset in a year of incredibly well-performing cryptocurrencies. Ripple ended the year up by 38,000 percent. No, that’s not a typo.

Those who invested before last summer are all incredibly wealthy now, even after Ripple dropped back under $1. Nonetheless, an important fact remains.

Ripple is not the next Bitcoin.

Different animal

Ripple is something entirely different. While Bitcoin seeks to be a decentralized, peer-to-peer means of digital value exchange with a strong anti-establishment bent, Ripple does not. In fact, Ripple is almost the opposite- it’s highly centralized and extremely friendly with big banks. There’s a good reason for this: Ripple doesn’t intend to be a currency used by ordinary folks buying coffee. Ripple wants to be used by banks to move large numbers of very big transactions each day.

Ripple is an extension of a system banks already know and understand. Ripple is a centralized company whose network relies on “trusted” servers. Banks are cool with that because that’s what they understand. Ripple has premined all 100 bln coins and keeps the remaining 50 bln in escrow, which is fine, because that’s what big companies understand. Companies are used to an IPO where large numbers of shares are created all at once, from nowhere, and distributed to investors. They can understand premines, too.

As the MIT Technology Review states:

“Ripple’s big bet is that XRP will become a ‘bridge currency’ that many financial institutions use to settle cross-border payments faster and more cheaply than they do now using global payment networks, which can be slow and involve multiple middlemen. Bitcoin could be used to do this too, but Ripple can settle 1,000 transactions per second, compared with Bitcoin’s seven, and its transaction fees are much lower.”

Ripple without XRP

The MIT Technology Review also notes that unfortunately for Ripple investors, while its technology is popular, Ripple’s XRP token is not:

“Here’s the catch, though: Ripple’s Blockchain-based payment network doesn’t need a bridge currency to work, and nearly everyone using the network has so far chosen to exchange digital IOUs instead.”

This could certainly change, and CEO Brad Garlinghouse has hinted that it will, but for now, XRP is a fairly speculative play. Ripple is not another Bitcoin, but if everything goes really well, it could be another SWIFT or Visa. The only remaining question is whether the company’s bank customers will use the native XRP token, or settle in dollars as they currently do.

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Crypto Gags Heewon Jang

No Ripple News, We Just Remind You It Exists

Crypto Gags
Do you still invest in it ?
No Ripple News, We Just Remind You It Exists

Share it with your friends and don't forget to subscribe!

Сheck daily our Instagram: cryptosharq,

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Crypto Gags
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🤷 Opinions Katya Michaels

As Technological Singularity Looms, Investors Must Fight for the User

Opinions
In the battleground for eyeballs, pulses, lifestyles and wallets, the fight for the user is a zero-sum game for competing companies.
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If you are brave and agile enough to follow daily news from the various fields of modern technology, you are likely finding yourself obliged to admit that the idea of the technological singularity becomes less far fetched by the hour.

Artificial intelligence, machine learning, big data, cryptography have been moving along swimmingly while you weren’t looking and now they are in your toothbrush.

The singularity is coming, and while the average Amazon shopper is reasonably concerned about a robotic vacuum cleaner going rogue and maliciously chewing up their best shoes, the average tech investor is wondering how to be prepared for the unknown.

The big AI bang

The technological singularity, for the purposes of this discussion, is the hypothetical moment when the combined effects of artificial intelligence and machine learning will produce explosive technological development, leading to societal changes at a rate and on a scale unfathomable to the human mind.

Indeed, unfathomable even to the very imaginative, but unmistakably human minds of such extraordinary individuals of the species as Elon Musk, Bill Gates, Sergey Brin, Mark Zuckerberg, Jeff Bezos and Tim Cook.

Those who possess the intellectual or financial resources for guiding humanity’s socio-economic progress into the future are yet unable to look over the singularity horizon.

However, some facts are undeniable. The way we rely on traditional commodities and resources is constantly in flux, with some being relegated to the past and others coming to the forefront of new, sustainable planning. Values shift and consumption models change. Usage changes; the user stays – in fact, as global population grows, the user keeps on coming…

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The matrix: users as commodity

The conduit through which most investments and returns are flowing today is neither the oil pipe nor the conveyor belt – it’s the retina display. In the aftermath of the Facebook scandals, a saying that seems to have been around for the entire history of advertisement has acquired a new poignance.

If you’re not paying for it, you are the product – Facebook, Instagram, Google. In fact, even if you are paying for it, there are higher-order proceedings in play, and you are still the data product even as you consume – Netflix, Amazon, Apple. In this battleground for eyeballs, pulses, lifestyles and wallets, the fight for the user is a zero-sum game for competing companies.

The pressure will only intensify as highly personalized interactive technologies come into full power. The internet of things, or as Werner Herzog’s 2016 documentary Lo & Behold styles it, the Internet of Me, is the ultimate shrine to the user.

Connectivity and screens on household appliances and wearables mean untapped minutes, nay – hours, of user attention and consumption.

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The bearer is the bond: users as security

Some of the most valuable US companies – and the ones that brought the most returns for their investors in the past decade – have no tangible assets or products. This phenomenon has been extracted into an absolute with some cryptocurrencies and ICOs, where there are no tangible or intangible products, only their expectation.

What gives such assets and products value is user demand and participation. If all Facebook users offloaded to a different platform tomorrow, the valuation would go with them. The fundamental things apply as time goes by – strength is in numbers.

In the opinion of many tech experts, wide adoption of new technologies is the main challenge – in fact, adoption takes longer and is more difficult than scaling. Now, companies and their investors can only depend on user numbers, user loyalty and user data to sustain their financial health through the uncertain future.

As fragile as those factors can be, they are the ones that make or break public companies’ fortunes in the modern economy.

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No taxation without representation: users as community

Barring nuclear winter and cosmic apocalypse, people will continue to desire meaningful connections, to buy meaningless possessions and to watch adorable cats do silly things for hours. The singularity will certainly enable the best and the worst expressions of humanity, to the nth degree.

The transition to an intangible asset economy where users are a commodity is mostly complete, but a real achievement would be to win a fight for the user as a member of the global community.

While investing into users is clearly a solid strategy, there are different ways this can be manifested – from making money off the user, to making money with the user. Public ledger technology that brings transparency and immutability to data networks promises to give users back control over their own data.

As users get a sense of agency – not to mention compensation for their attention – companies enjoy a more substantive relationship with a more engaged audience.

Many Blockchain startups are treating the user as a collaborator, rather than a cash cow.  Whether creating a dating app, a governance model as in cultu.re, a decentralized social network such as Minds, an entertainment portal as in Verasity or a social ledger that is U.Community – they are interested in attracting users through objective benefits and positive social impact, rather than addictive gimmicks.

Potentially, this is the approach that can create a living for the founders, a return for investors and a positive experience for the community – and that’s a fight for the user that everyone could feel good about, technical singularity or not.

🤷 Opinions
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