From Bitcoin’s big advantage over gold to a new cross-border payment network at Ripple, here’s a look at some of the stories breaking in the world of crypto.
Despite the crypto slump, Bitcoin is settling more transaction volume than gold.
The latest numbers from Coinmetrics.io and the London Bullion Market Association show BTC’s volume at nearly three times that of gold.
Bitcoin has been clearing more tx volume than global gold markets since early 2017.
BTC: on pace to process $1.1 trillion in 2018 transactions
Gold: on pace to process $0.4 trillion in 2018 transactions
Sources: https://t.co/eVqQiq56gv for BTChttps://t.co/zqh4eykqNb for Gold pic.twitter.com/oc5piRvrXE
— Kevin Rooke (@kerooke) August 15, 2018
Ethereum creator Vitalik Buterin just gave his keynote speech at the Ethereum 2018 meetup in Zug, Switzerland. He focused on transaction economics, breaking down the fundamentals and future of fees on the network.
Ripple and XRP
Mercury FX, a global money transfer service, says it will be testing payments into China and Mexico using Ripple’s proprietary blockchain technology. The company has been piloting Ripple’s xRapid for months, which uses XRP to power cross-border payments.
Tron founder Justin Sun is expanding on how the platform will integrate with BitTorrent. In a new interview with Forbes, Sun says Tron will go a long way toward offering incentives that boost BitTorrent’s existing decentralized network.
“Currently, we are actively working on Project Atlas, a major step toward a fairer Internet. The project is in collaboration with BitTorrent, and will extend the lifespan of their torrents’ swarms, offer rewards to peers who seed torrents, infuse resources into the torrent ecosystem, and establish financial rewards in return. The project will transform the way people share and consume content, helping to re-shape the industry for the better…
TRON has embraced a massive network with over 100 million active users. We also recently kicked off Project Atlas, which will let us incentivize users within the BitTorrent ecosystem to participate and contribute to the network by offering our own tokens—a first in history. We have more exciting news coming out in the fourth quarter as well.”
Nano has achieved a max of 756 transactions during a new series of stress tests. You can check out details on the community test here.