Bitcoin - the latest trends in the field of crypto currency
Since its launch, Bitcoin has established itself as a strong financial asset, unlike traditional ones. The reason for such strong investor attention to BTC is, first of all, that the world markets depended and continue to depend on many external political and economic factors.
Over the past decade, financial markets have been characterized by increased uncertainty. Last but not least, this was the result of a global recession that began in December 2007. It affected many spheres of the economy and led to tightening and strengthening of control by central banks of all developed countries to financial processes.
Bitkoin appeared less than a year after such stormy world events. Its capabilities, which go beyond the centralized financial institutions, based on encryption technology blockchain, "cut through the window" to innovative opportunities in the financial sector.
Bitcoin and its blocking technology became a kind of a breath of fresh air and very quickly attracted the attention of investors, traders and developers.
China captured the lion's share of the Bitkoynov market
Analysis of data on trade and exchange Bitkoynov for 2016 revealed many interesting facts about the current situation in the field of crypto-currency. In recent years, a huge volume of trades falls on the region from the opposite side of the Chinese Sea, from the place where the technology of blockade originated. It is on the Chinese crypto-exchange exchanges that about 94% of operations are performed from Bitcoin's total trade in the world.
In fact, this annual volume is distributed among three organizations: BTCC, Huobi and OKCoin. The growth in BTC trading volumes for the fourth quarter of 2016 increased by 300% compared to the same period a year earlier. Historically, it was decided in the Celestial Empire not to charge a commission for the Bitcoin trade, so this lion's share of the world market has always been shifted towards Kit. Later, China decided to change this situation and introduced a fixed rate of 0.2% on the trade in crypto-currencies.
High volumes of Bitcoin trade in China - fiction
Unlike trading platforms in other countries, the Chinese exchanges were unique in that users paid the commission only for withdrawing funds, but not for trading operations. At the same time commission fees decreased in proportion to the volume of operations performed by the trader, which only encouraged the merchants Bitcoin to increase his working capital, trading with zero costs.
Simply put, data on such huge volumes of trades, demonstrating the growth of Bitcoin's popularity, did not represent any significant significance for the development of the crypto currency. In fact, this process was a normal transfusion of funds "from empty to empty."
It is interesting to note that bitcoins exchanges in China did not always work on a free basis. Until September 2013, two of the three largest trading platforms (BTCC and OKCoin) charged a commission of 0.3%. The first of them changed it later to a zero rate as an experiment, which later turned into a long-term strategy. It was followed by other exchanges in order not to lose customers.
Expansion of technology blockade
Currently, Blockchain members are divided into two main types: financial firms and start-ups. Last year financial companies occupied the highest positions in this area. An example is Vulcan Blockchain, developed by PriceWaterhouseCoopers. It provides the opportunity to launch digital assets that are traded along with crypto-currencies.
There are many other offers, such as Rubix - the leading industry team of application developers for blockbuster.
"Rubix, based in Toronto, Canada, in 2014, operates worldwide. In order to increase the speed of launch and reliability of enterprises in the emerging market, Rubix blockbuster helps bridge the gap between the exponentially innovative nature of blocking technology and the complexity of existing corporate systems, "the site said.
Such services are evidence that this sphere is developing tirelessly and dynamically and is not limited to crypto-currencies alone. This trend can also be seen in the wider context of online trading, as exemplified by such sites, TopOffers (a premium affiliate network).
Given that in the past decade, the global economy has faced high levels of volatility in financial markets, the development of technology such as blockbin is more important than ever.