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Reddit Cryptocurrency: Bitcoin (BTC) Stands Still while Bitcoin Cash (BCH) gets a Knockout

A lot is happening in the subreddits of top three cryptocurrencies. This includes the success of bitcoin (BTC) over bitcoin cash (BCH) and the upgarde of ethereum platform.

Bitcoin (BTC)

  • While the journey of mass adoption continues, Thailand plays an important role in easing mass adoption and showing its trust for bitcoin (BTC). In a very recent, Thailand’s SEC approved bitcoin (BTC) and, at the same time, banned bitcoin cash (BCH), litecoin (LTC) and ethereum classic (ETC).
  • Square, a mobile payment company, was founded by Jack Dorsey who is also the co-founder of Twitter. Although 2018 wasn’t good for bitcoin (BTC), Square reports suggest a record-breaking revenue earned via Square’s Cash app. Surprisingly, bitcoin (BTC) of $52 million worth was sold in the entire year.
  • Crypto enthusiasts are aware of the smallest bitcoin (BTC) unit, satoshi. It is equivalent to one hundred millionth of a bitcoin (BTC) i.e 0.00000001 BTC. A post trending over the subreddit of bitcoin (BTC) was the sign and logic for representing satoshi. It was suggested that S and @ combined to form sat.

Ethereum (ETC)

  • Finally, after a setback, ethereum has successfully upgraded to a new version known as Constantinople. Apart from improving security and speed aspects, Constantinople paves way for another upgrade, Casper.
  • According to the founder of Ethhib, Eric Conner, Ethereum lightning network is live on rinkeby and has no issues.

Ripple (XRP)

  • Lately, Bithomp, through Nexo, added promotions for ripple (XRP) backed loans. Nexo has successfully processed transactions of $300 million worth. Nexo is suggested to hold ripple (XRP) collateral, insured by Lloyds of London, in cold storage with BitGo.
  • Dublin Tech Summit will be taking place in the month of April at Dublin, Ireland. From more than 70 countries, 10,000 people are expected to attend the event. Among many others, Ross D’Arcy, the sales director of Ripple, will be speaking at the tech event.

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Fatir Malik

Electrical engineer by profession, turned into blockchain developer. Fatir contributes regularly with his insights about latest developments in fintech sector. Contact the editor at editor.opinions@blockpublisher.com

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