Bitcoin Reaching ATH $3793 And Ethereum New "Plasma" Scaling Solution !!!
Good Morning Fellow Steemians,
The bulls keep pushing the bitcoin price up to a new all time high yesterday @$3793 and it appears that after the Bitcoin Cash hardfork investors started seeing the solution to bitcoin scaling issues being solved by the solution proposed by the core team SegWit (Segregated Witness) and for that matter bitcoin is starting to eye the $4000 mark, ofcourse the price has to correct in one way or another soon.
And according to CoinTelegraph Goldman Sachs says "With the total value nearly $120 bln, it’s getting harder for institutional investors to ignore cryptocurrencies. There are currently over 800 cryptocurrencies out there, though just nine have a market cap in excess of $1 bln.”
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Recently Joseph Poon and Vilatik Buterin released the white paper for plasma which reads "We propose a method for decentralized autonomous applications to scale to process not only financial activity, but also construct economic incentives for globally persistent data services, which may produce an alternative to centralized server farms." According to CoinTelegraph
And the idea behind plasma is decreasing the amount of data passed to the ethereum blockchain in order for the transactions to process faster with low cost and therefore the ethereum blockchain can scale better than it scales now.
Thank You Guys For Reading If You Find This Information Helpful Resteem My Post And Have A Good Day :)
This post received a 4.7% upvote from @randowhale thanks to @steemian69! For more information, click here!
Hi, your post first caught my attention with your reported ath of $3793. This has been increased siginificantly since then hasn't it? ;)
I kept reading as I saw your comments around Plasma. It is well explained, so well done. I tried to get into it some more even, feel free to check it out: https://steemit.com/ethereum/@attalis/huge-upgrade-for-ethereum-and-omisego. I think we have similar interests by the way so you might consider following me for similar updates. Good luck and upvoted of course.
Thanks For Your Comment, I Will Definetly Check It Out. Followed :)
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This is truly remarkable.