Selected Crypto Articles of the Day

Hello Steemians, the best articles i have read today

Every day, i read 12 to 15 articles; i choose the most interesting and summarize them in points for you.
Interesting articles, hope you enjoy them

Article no 1:

Anticipation of Bitcoin Cash Hard Fork Lifts Price Back Near $1,000

Summary:

• Bitcoin Cash is already seeing a price bump as the next hard fork approaches in less than a month. Faster transactions and new operation codes coming.
• As the granddaddy of all cryptocurrency Bitcoin was a revolutionary idea built on groundbreaking technology, devised by an unknown, or group of unknown geniuses. But as all things pass even the shine on Bitcoin wore off as it became a medium for investment and crypto traders found it’s transaction speeds too slow and costly.
• This lead to a series of hard forks off the Bitcoin blockchain resulting in tokens like Bitcoin Gold, Bitcoin Atom, Bitcoin Private et al. Of which Bitcoin Cash is by far and away the most successful.
• Bitcoin cash was created to increase transaction speeds. Thus the block size was increased from 1 to 8 MB. Bigger block size will be the major upgrade in the May 15 fork as it is increased again to 32MB. The upcoming fork will also add or reactivate several operation codes.
• Bitcoin that can be used to store wealth and as a functioning currency. Bitcoin cash proved that improving liquidity and accessibility.

Personal Opinion:

I don’t follow this coin much, and I don’t think increasing the block size and fixing some problems will boost this coin on the long run, but almost always before a hard fork, and if there are no major bad news in the market, you may want to invest a little in bitcoin cash before may 15.

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Article no 2:

No, Visa Doesn’t Handle 24,000 TPS and Neither Does Your Pet Blockchain

Summary:

• Despite not being a blockchain, the 24,000 transactions per second Visa reportedly handles have attained mythical status. That figure is unquestioningly trotted out whenever scaling is discussed. In reality, claims of Visa’s throughput, as well as those of emerging blockchains, have been greatly exaggerated.

• Bitcoin’s early adopters knew that if the technology took off, some time in the future it would need to handle magnitudes more transactions per second than the 7 it could muster. Someone mentioned Visa with their magical 24k per second, and it’s stuck ever since.

• Only that figure isn’t entirely accurate. In fact it’s not even remotely accurate. In reality, Visa processes around 1,700 transactions per second, a figure it rarely exceeds.
• Speed and throughput come at the expense of decentralization, and the more you increase the former, the more of the latter you lose. Blockchains such as EOS and NEO may be ”faster” than bitcoin, but they’re also highly centralized because they rely on a much lower number of validator nodes, among other things.
• For now, any time a new blockchain starts making promises about “beating Visa’s 24,000 tps”, be sceptical and examine the fineprint. IOTA’s meant to be fast and scalable, but like a kid who’s terrified of removing the stabilizers from their bike, it still doesn’t function without its coordinator. Hashgraph is also meant to be fast, but it comes with threats to sue anyone who tries to fork it and any blockchain that can be sued isn’t a decentralized network. Come to think of it, it’s more like Visa.

Personal Opinion:

Paying with Visa is easy and their scalability proved itself to be very useful, whether it is 24k tps or 1.7k tps it is widely used and accepted for the time being, but one of its problems is that visa transactions remain on hold for 24 to 48 hours for retailers and sometimes more than that, on the other side crypto transaction once they are validated, you receive your funds, and in the future once retailers are aware of this fact, and cryptos became more widely adopted and more user friendly, visa empire will shrink.

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Other interesting articles:

• PayPal’s Latest Transaction Fees Might Push People to Cryptocurrencies

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The content is intended to offer general information only. It does not provide legal, investment, tax, etc advice.

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