The double flippening.
Changes ahead in the Cryptos realm.
DASH will flip BCH and DOGE will do so with ETC.
The two real P2P Digital Cash types.
DASH actually means Digital Cash and has the properties that can be found in the Satoshi Nakamoto whitepaper for Bitcoin, BTC. Lightning Network {LN} on Bitcoin can actually make it real as it looks to perform very well. But Dogecoin {DOGE/ DGE} already functioned like P2P Digital Cash, high speed and extremely cheap transactions. And it does close to 40'000 transactions per day. Soon to overtake the 5th spot of Ethereum Classic.
Dash has some unique features like private transactions and a voting function for masternodes that make direct confirmations possible. Plus part of the created DASH is being reserved for developement and projects. And now Bitcoin Cash, BCH, that partly hardforked off into Bitcoin Core, BTCC, is about to bd flipped over by Dash. While BCH was supposed to be the big block solution it actually wend into a freefall. Where it seems that only the virtual market value is being kept steady.
The amount of transactions per day keep dropping for BCH. Dogecoin, DOGE, almost trippled it and left it already behind a long time ago. And now it looks like DASH is about to swap places with Bitcoin Cash. Which seems to prove that Dash is gaining popularity, while it appears that BCH is going to be rendered useless over time. Big blocks stone-age ideas seem to have been outdated. And Bitcoin Cash is left behind to dry out in the dust of dessert.
And the price?
Well, looking at the scale of the transactions per day then Steem should be way up there. Followed by Bitshares. And Dogecoin would be quite a bit more high in price. While DASH could become more expensive than BCH and that might actually become reality, after the flippening gets hardened. Looking at the amount of transactions at Blocktivity dot info, used as a source of information, things might go on the up again for the Crypto market soon.
And no I do not own any DASH, unfortunately. Had sold mine a while ago, but maybe I'll get me some. As I think these two flippenings will push through. But logic does not always define the outcome for the market price. Litecoin, LTC, does almost two times more transactions per day than Bitcoin Cash, BCH, but is valued almost ten times less. Off course there is more to it than just the amount of transactions per day. Otherwise Steem would cost about 50'000 USD...
Oh, and remember to only invest in Cryptos what you are willing and able to lose.
May the Cryptos be with us.
Two flippenings that are going to matter.
Screenshot taken from http://blocktivity.info.
I think is a very big compitition .
There are many people use of them .
Good job , carry on .
Thanks for sharing @oaldamster
Upvote you .
I think it's like a competition. if there are many people who use one of them, then their reputation will rise.
Have a good day @oaldamster
And with better reputation the higher the value.
Have a great day too @aulnyaksyabandi!
Yes, i see that.
Thanks @oaldamster
Wonderful explanation. Have good competition. Others fighting with each others but Steem no 1 forever.
True Steem is the number one. Only one could be expected to match it, or pass it and that is, in theory, EOS.
hahahahahahahahaha.. lol
Laughing is very healthy!
Wonderful explanation. Have good competition. Others fighting with each others but Steem no 1 forever.
Where two dogs fight over a bone, the third one will run away with it.
Steem clearly for the win!
And there you go, Dogecoin flipped over ETC...
Isn't DOGE usage due to some type of integration with ETH? It may be that people are using it over the ETH network somehow without even knowing it. With that said, I own DOGE and think it may approach $1 in an overheating market.
There is a project that connects the Ethereum and Dogecoin blockchains. It makes it possible to store and lock DOGE on the Dogecoin blockchain and release it on the Ethereum blockchain and the other way around.
The project is based on the Truebit protocol and is called Dogethereum: https://amp.reddit.com/r/dogecoin/comments/61vg5k/dogethereum_we_can_do_this_dogether/
This kind of inter-blockchain swaps would realy give DOGE a massive boost.
Do not know about the $1 marketprice for Dogecoin but if it did I would surely be celebrating big time. 😁
There already was a succesfull atomic swap between Litecoin, LTC, and DOGE apparantly. But DogEthereum is even bigger because it could be exchanged on the Ethereum blockchain against ERC-20 tokens and be used in smart contracts.
This is far stretching yet still unknown to many. Once this works and it can be used for EOS too, then DOGE could see a boost in its value.
And then the other one happened, DASH flipped BCH over. The second flippening has happened!
