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.
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.
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.
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.
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.
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.
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.
Brave browser is an open source software which removes the middle man for ad revenue. The Brave browser has many benefits. The browser is exceptionally fast in loading. Brave also gives you the option to block ads. When and if you choose to view ads, you will be paid for doing so. Payment is made in (BAT) Basic Attention Tokens. Users of the Brave browser all eligible for up to 70% of all ad revenue when they agree to view ads.
Earn BAT cryptocurrency
This ad revenue sharing plan will certainly disrupt your typical advertising programs like Google ads. The Brave browser puts you in charge of viewing or blocking ads.
Walmart has just filed a patent for a unique electrical grid. This is not your typical electrical grid. This is a grid which will be powered by cryptocurrency.
The purpose of the crypto grid is to better manage the consumption of energy and offer a transparency which is only possible due to the blockchain. Devices on the network will have a specific allotment to purchase energy with cryptocurrency. Devices on the network may share funds so that other devices have the required amount of cryptocurrency for the power needed.
Walmart filed the patent in the last months of 2017. The decentralization of the energy sector would be a tremendous feat if Walmart can achieve it. Walmart has been quite aggressive in filing patents pertaining to new blockchain technology. One of the patents is called a “Smart Package Patent” which would record a customer’s purchases. Walmart has also explored putting food on the blockchain to keep track of consumption and improve safety in cases of food recalls. Instead of a recall taking days to enact, blockchain technology could accomplish this in a matter of hours.
We are bound to see more applications for the blockchain technology as big business enters the cryptocurrency market.