read.cash Log in
@BOMBERuss more from that month

Bitcoin managed to gain a foothold above the level of $50 thousand during Saturday trading, and the total capitalization of the cryptocurrency market increased by 5%. The bulk of digital currencies are represented by a blockchain with two types of consensus, PoW and PoS, but yesterday's session showed an abnormal request from investors for "unconventional" technologies for validating blocks and transactions. IOTA technology works without miners on a DLT-distributed ledger, where each transaction confirms several previous ones using an acyclic graph (DAG). The altcoin blockchain, called Tangle, faced a large-scale failure in 2018, forcing developers to introduce a Coordinator – a central processor for validating all transactions. Such centralization led to a drop in the IOTA exchange rate and rating. The MIOTA coin is 65% below the highs of 2018, attracting investors with its large-scale undervaluation. IOTA developers are one step away from re-decentralizing the technology, further improving Tangle, where it will be possible to launch smart contracts and side, corporate chains. Yesterday's growth is associated with joining the European consortium Chaise. The IOTA team will receive a grant from the European Union to train specialists in blockchain technologies, and will also participate in the development of the EU strategy for the implementation of pan-European decentralization. The success of IOTA has increased the value of its coin by 88% since the beginning of August. However, it is still below the highs of the year at $2.5. Filecoin (FIL) is the first successful project of decentralized file storage based on the IPFS network protocol. The FIL token has been in high demand among investors since the middle of last year, having added more than 1000% over the year. After falling in the spring of 2021, the cryptocurrency has been steadily growing since the end of July. The strengthening of the rally at the end of August was provided by the creation of a bridge between Filecoin and Polygon – the first-level Ethereum scaling protocol. Yesterday's takeoff provided the launch of the Textile function, which opens up the possibility for developers of smart contracts to store data in Filecoin for free. #CryptoTrading

No comments yet

Log in to join in Reading is open to everyone. Replying needs an account.