Blockchain Technology Helps Eliminate Food Waste

The Goodr app uses blockchain technology to measure food waste. The app helps companies see where and why they may be losing money. Recent reports show that consumers in the US waste billions of dollars worth of food every year.

The Goodr app was created in 2017. The app does not just measure waste, but also helps connect businesses with charity organizations which can help distribute the food to the needy.
By utilizing this surplus of food and distributing to food pantries and homeless shelters, many of the hunger problems in the US could be solved.

Blockchain technology compiles data in seconds that otherwise would have taken months to pull together.

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Givecrypto Nonprofit Launched

Givecrypto is a nonprofit group whose goal is to distribute cryptocurrency to people in need. The nonprofit organization was started by Brian Armstrong, CEO of Coinbase. The fund will comfrom investors of cryptocurrency. Some of the supported cryptocurrencies include. Bitcoin, Ethereum, Bitcoin Cash, and Ripple.

For many years the main problem with helping impoverished areas is actually getting the money to the people who need it. Between corruption and problems with logistics funds raised by charity organizations often never make it to the intended party.

Integrating cryptocurrency with nonprofits solves these problems.

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Bitshares Sets Record for Number of Transactions

Bitshares has set a record for the number of transactions over the past 24 hours. Bitshares escalated to over 4 million transactions which makes it the number one cryptocurrency by number of transactions.

Steem is number two with over 1,200,000 transactions. In the past, Steem has always been number one for transactions.

Ethereum is number 3 with over 700,000 transactions.

As we see EOS increase in transaction number, we are beginning to see a dominance in the blockchain activity in which Steem, Bitshares, and EOS make up a vast percentage of all blockchain activity.

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EOS Surpasses Bitcoin in Number of Transactions

For the first time, EOS has surpassed Bitcoin in number of transactions. This activity represents the number of blockchain transactions over the last 24 hours.

EOS currently maintains a level of a little over 280,000 transactions while Bitcoin reports just 186,000 transactions.

Both Steem and Bitshares are among the most active coins ranking number one and number 2 respectively. Both have over 1 million transactions. Ethereum is in third place with over 750,000 transactions.

The remaining ten coins with the most transactions are ETC, Golos, Doge, Litecoin, and Dash.

Considering EOS has only just been released, ranking number four in number of transactions is quite impressive.

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Has Bitcoin Hit Bottom?

The question on everyone’s mind these days is “Have we hit the bottom yet?” Bitcoin has been trading basically sideways for a few weeks. Investors have been expecting a bounce, but that has yet to happen.

Bitcoin has been moving toward a correction, but has yet to rally. The coin has been maintaining above the support level of $6000, but has not made the jump into bull territory. If we see Bitcoin rise above the resistance level of $6400, we may see a break out.

Many investors seem a bit weary after waiting almost 6 months for a Bitcoin Bull run.

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Tron Embraces Odyssey 2.0

Tron’s new mainnet, Odyssey 2.0 was released on May 31st without much fanfare. Odyssey 2.0 has been running smoothly for several weeks. Tron was originally supported by the Ethereum blockchain.

During the past year Tron has taken some major steps to become ranked number 10 in market cap. A team of 200 hundred people leads Tron which has raised over 3 billion dollars. With the release of Odyssey 2.0, Tron has gained its freedom from Ethereum and taken the most important step toward decentralization. Tron currently has 254 nodes globally. The election of super representatives began today in a step toward self governance.

Tron is currently trading at four cents.

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How Steem Could Hit a $500 Billion Valuation

Stephen Kendal compares Steemit to Facebook. Kendal explains why a future 500 billion dollar valuation of Steemit is quite possible. As a new generation of investors pour more money into the crypto market, will stock certificates be replaced with cryptocurrency?

We are already seeing the ecosystem of Steem expand. Every week we are seeing new dapps developed for the Steem Blockchain. Whether we are posting on Dtube, Dsound, Tasteem, or any other decentralized app, we are still a part of the Steem ecosystem. As we watch Steemit add various communities and niches, Facebook seems like a very stagnant socoal network. The ever changing nature of Steemit makes the Steemit community all the more exciting as we watch our once small community grow.

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Earning Hunt Tokens on Steemhunt

SteemHunt is a new product review site which runs on the Steem blockchain. You can earn Steem rewards for finding the most unique and innovative products on the market. The winning products are chosen by the Steemhunt users. Steemhunt has a one vote system that is determined by Steemit reputation as opposed to Steempower.

Another perk of contributing content on Steemhunt is the ability to earn the Hunt token. Hunt is the Smart token
for Steemhunt. You may delegate Steempower and earn Hunt tokens every week. You may also earn Hunt tokens for voting on Steemhunt product reviews.

Steemhunt now has a wallet feature within the Steemhunt profile page. The wallet will show how many Hunt tokens you have earned each week.

You may log into SteemHunt with Steemconnector here.

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Turn Leftover Change into Crypto at Amsterdam Airport

Every one that travels probably has small stashes of currency from other countries sitting in the bottom of a purse or drawer. These small amounts of change were never worth converting to your home currency. The Amsterdam Airport, Schipol now has a remedy for that.

The airport plans to begin a trial where passengers can exchange their loose change for cryptocurrency. The airport will place a kiosk or ATM in the main terminal. Passengers may exchange their currency for both Bitcoin and Ethereum.

The trial is expected to last about 6 months at which time more ATMs may be added to the Airport. This is just a small example of how cryptocurrecy will change everything. Digital currencies offer a convenience and mobility that fiat can not hope to match. I think in a few years, the very act of using fiat will actually seem archaic to most of the world.

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“Reserve” Receives Backing from Major Players

One of the main problems with cryptocurrency is the volatility of the price. In order to be able to use cryptocurrency on an everyday basis for everyday things, you need some stability in the price. Buying groceries with crypto would be nearly impossible when the coin is up one day and down the next. For this reason a stabilized cryptocurrency has long been the goal of many in the traditional financial world.

“Reserve” may be the stabilized currency the world has been waiting for. As of now “Reserve” has received the backing of some major players in the financial world including Coinbase and Peter Thiel (founder of paypal).
While still in the developmental stage, the general idea is to have a cryptocurrency that maintains a peg which will encourage usage and give it stability. This stability could be life changing in countries where inflation has run rampant and the local currency is failing.

We expect to see some major developments with “Reserve” in the near future.

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