Category: Crypto

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Crypto

OpenNode Is A New Bitcoin (BTC) Cryptocurrency Payments App Based On Lightning Network

Just a couple of days ago, a Bitcoin (BTC)-based cryptocurrency payments app for commercial customers, OpenNode, has been released. Its main features rely on the use of the Lightning Network protocol, which can process transactions faster and more secure, via channels parallel to the main Bitcoin blockchain.

As stated on the app’s site, this payment processor concentrates on simplifying the customers’ connections with blockchain technology and cryptocurrencies, in order to increase cryptos acceptance by the business sector, therefore enhancing the digital assets’ adoption as a method of payments.

All our tools and features are built around the idea that using bitcoin should be easy and empowering for both merchants and customers. This means moving away from traditional models that create an entry barrier with high transaction fees and complicated technical integrations.

OpenNode

The platform deducts only up to 1% in fees compared to other cryptocurrency payment apps such as BitPay, which, according to OpenNode, deducts fees of between 1% and 2% and centralized fiat money alternatives such as PayPal or Square where goes as high as 3%.

OpenNode cryptocurrency payments application based on Lightning Network hasn’t been well-received by the Bitcoin (BTC) community

This cryptocurrency payment application has not been very well received by the Bitcoin (BTC) community, which has been very critic regarding some aspects of this new project.

Nicolas Dorier, a developer and CTO at Metaco, a cryptocurrencies market platform for the banking sector, explained on Twitter that, “in addition to mistakenly claiming to be the first payment processor of its kind, OpenNode appears to be a centralized, non-open source project.”

Also, one Reddit user complained that even though OpenNode states to be “open, honest, ethical, and genuine” with their customer as they are following Bitcoin (BTC) ideals, there is no data about the people behind the project.

Other users on Reddit also showed disappointment regarding the fact that the OpenNode platform keeps customers’ cryptos, even though the Lightning Network doesn’t require this.

Additionally, others think that projects like this one are needed during the initial adoption of cryptocurrencies. However, apparently, OpenNode is still in its beta phase so many might change before the final release.

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Crypto Markets

Cryptocurrencies Market Dropped $37 Billion In Market Cap Since Yesterday – Why Is This Happening?

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The main cryptos on the cryptocurrencies market have experienced significant drops today, a trending followed by the rest of the crypto coins on the market.

Bitcoin (BTC) dropped significantly since yesterday and other coins have followed

The Bitcoin (BTC) seemed to be holding steady at between $9,000 and $10,000 in the past weeks, following a major downturn in the first several months of the year.

In the last few days, however, BTC price has declined to $8,000 and today it has experienced a larger decrease, trading at about $7,900 at this moment.

Other coins have followed this trending, therefore, Ethereum (ETH) dropped by 9.34%, Ripple (XRP) sheds about 7,80%, while the EOS (EOS) registered, at the moment of this article, the biggest drop among the top 10 cryptos, losing about 11%.

Cryptocurrencies market dropped about $37 billion in market cap since yesterday

In fact, since yesterday morning when the leading cryptocurrency of the market started to drop fast, as common, this trending was followed immediately by the rest of the crypto coins in the cryptocurrencies market, massively affecting the global cryptocurrencies market capitalization. During the past day, the total market cap of the cryptocurrencies market shed $12 billion, from $381.6 billion to $369.8 billion.

Today, the crypto market dropped even further reaching to $345 billion, thus, losing about $25 billion more, raising the total loss at $37 billion.

These shifts have no obvious reason, as has been the situation in recent weeks. Even though at the start of this year the massive drop in the value of all the cryptocurrencies has been attributed to the emergence of cryptocurrency regulations, there is currently no strong argument that can be considered to explain this decline, over and above the cash flows that are determined by the daily demand and supply.

The cryptocurrencies market often presents these fluctuations from one time to the next as a result of a spontaneous behavior of the investors.

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Crypto

Ripple (XRP) And Litecoin (LTC) Might Get Accepted On TapJets Private Airlines Booking Platform

A survey carried out by a US private airlines booking company, TapJets, indicates a high interest in customers who would like to pay airfares using cryptocurrency. The survey allowed customers to vote for which crypto they’d like to use between Ripple (XRP), Liteceoin (LTC), and Verge (XVG).

The first place was secured by Ripple (XRP) with 44%, while the second spot went to Litecoin (LTC) with 35%. As it is clear now, Verge (XVG) lost the battle, ranking the last with only 21%.

TapJets will add Ripple (XRP) and Litecoin (LTC) as its cryptocurrency payment method

“People have voted, and we have listened to your comments. TapJets will perform the technical evaluation of Ripple (XRP) and Litecoin (LTC),” announced the company’s representatives.

This announce is obviously showing that Verge (XVG) has been completely ejected from the options list. On the other hand, it is still not clear yet if TapJets plans on adding both the remaining cryptos, XRP and LTC, or they will only opt for one of them.

Part of this activity will depend on how agile the XRP and LTC development teams are in responding to our requests. Our goal is to enable TapJets customers to use these alternative currencies on June 1, 2018. We have already been in contact with the LTC team and will contact the XRP team on Monday.

TapJets Team

On the other hand, among Ripple (XRP) and Litecoin (LTC), LTC would be more suitable for such a project, at the first glimpse.

What would this action mean for Ripple (XRP), Litecoin (LTC), and TapJets?

With several millions of people flying throughout the United States on a daily basis and a significant proportion of them supporting the work of private airlines booking platforms such as TapJets, both Ripple (XRP) and Litecoin (LTC) will be on the brink of a massive adoption that many crypto enthusiasts long-awaited.

Surely, for XRP and LTC, the addition to the TapJets private airlines booking platform will return higher demands.

On the other hand, for TapJets, adding Ripple (XRP) and Litecoin (LTC) would mean bigger profits as there are many XRP and LTC holders which would have a new way and platform to spend their cryptocurrency.

Categories
Crypto

Bitcoin (BTC): Win 1 BTC For Solving A Puzzle On Reddit – Are You Up For It?

Reddit users were surprised a few days ago with a new puzzle that will give away 1 Bitcoin (BTC) to whoever manages to solve it. The puzzle is contained in an image that features the Bitcoin (BTC) logo surrounded by words that allude to the technology that gave life to it. According to its author, the key to finding the solution is contained in Bitcoin’s white paper, written in 2009 by Satoshi Nakamoto.

The publication was made by an Internet user nicknamed Cryptogreetings, who accompanied the image with the phrase “A bitcoin is contained in this puzzle. Good luck!”

Additionally, in an update, the author added that the image contains, in logarithmic scale, the ideas that inspired Satoshi Nakamoto to create the distributed accounting technology:

This work is composed of the words from Satoshi Nakamoto’s white paper, in logarithmic scale. The ideas that inspired Satoshi to create a solution that would revolutionize the modern economy and industry in a scattered manner. This paper reflects on the elements that gave life to this technology and challenges the underlying security model. Hidden in plain sight lies a treasure hunt. A BTC is hidden in this work.

Cryptogreetings, Reddit User

The last similar puzzle rewarded with Bitcoin (BTC) has been solved in 3 years

To verify that the reward announcement is legitimate, Cryptogreetings added a link to the address where the Bitcoin (BTC) was uploaded, which has received small transactions, as of May 19th, to make a total of 1,00152936 BTC, at this moment.

The addition of small sums to this address could be the result of testing by those interested in solving the riddle. The reward currently stands at $8,200 worth of bitcoin on the CoinMarketCap portal.

This announcement was quickly acclaimed by the community and the fact that the reward has increased some satoshis in just two days is reminiscent of the puzzle known as “The Legend of Satoshi Nakamoto”, which took three years to be deciphered and gradually increased its reward to a total of 5 BTC, to be finally solved in November last year.

A large number of comments have accompanied the Reddit thread in which the image was published, and in solidarity with the users, they have shared their findings to contribute to the construction of the solution.

If you want to give it a try, here is the 1 BTC-worth puzzle.

Categories
Crypto

ETHLend CMO, Nolvia Serrano, Talked About The Future Of The Platform During The Blockchain Summit 2018

At the Blockchain Summit 2018 (Chile), Nolvia Serrano, the CMO of ETHLend, a blockchain-based cryptocurrency lending platform, talked about the project she represents, commented on its history and debated its future aspirations.

ETHLend is a decentralized financial market that has been built on Ethereum (ETH) blockchain network. This market allows for peer-to-peer, user-to-user loan agreements between lenders and borrowers around the world, using blockchain and smart contracts.

Nolvia Serrano, CMO of ETHLend

ETHLend ICO raised more than $17 million in just three days in December 2017

During her presentation at the Blockchain Summit Latam 2018, Nolvia Serrano described how a group of young people with no reputation in the blockchain ecosystem managed to create a global network and a great team to build a decentralized lending platform – ETHLend.

Believing in decentralization, they did not wait for investors and decided to bet on an initial currency offer (ICO), which by December 2017 managed to raise $17 million dollars in just three days, an important milestone, given the small budget they began with.

Nolvia also attributes the success of this cryptocurrency lending platform to the fact that it was not only a white paper project but also a prototype already built, which could be evaluated by the public, and therefore, has attracted the attention of media such as Bloomberg, Forbes and The Observer, as well as being finalists for the LendIt 2018 awards for the FinTech industry.

She also explained that the platform works to make peer-to-peer loan agreements with smart blockchain contracts. It is not the person but the code that is trusted because the smart contracts guarantee that if a debt is not paid, the amount of the guarantee will be given to the lender.

What’s next for ETHLend?

Among the future plans of the increasingly popular blockchain-based cryptocurrency lending platform, there is, at first, the desire to provide greater liquidity to people who invest in cryptocurrency

On the other hand, loans in various ERC-20 tokens and enabling investment in other projects will be improved in the future. Besides, ETHLend aims to get involved more in startups financing.

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