Crypto News Flash: Bitcoin (BTC), Ethereum (ETH), Ripple and XRP, Stellar (XLM), Litecoin (LTC), EOS
From Bitcoin’s presence in pop culture to a big launch on the Stellar network, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin was just featured on Australia’s version of Who Wants to be a Millionaire.
According to Redditor Nyclix, the contestant in the photo below passed on the question, and the next person in line answered it correctly.
In a new op-ed for Quartz, Ethereum co-founder Joseph Lubin says we’re thinking about money all wrong – but he believes that’s about to change.
“The European world continued to resist representative money well into the 17th century. Later forms of derivative money, electronically transferred over wires and computer networks, also took time to be understood and accepted.
Perhaps it is not surprising that the emergence of cryptocurrencies has unleashed equal waves of fascination and skepticism. These bits of cryptographically secured bundled data are just the newest form of value representation—the 21st century’s version of that flimsy paper money…
Instead of adversarial relationships between corporation and customer, we will have collective common-good relationships on networked open platforms. It’ll take time, yes, but the uptake has been swift. As the ongoing building of new tokenized networks and business models on the Ethereum network has shown us, perhaps it will not take nearly as long to convince people of these new systems as it did Marco Polo in Europe.”
Ripple and XRP
Ripple just revamped its website and created a new page touting the benefits of XRP, including a direct comparison to Bitcoin.
In addition to highlighting the coin’s scalability, the new page also touches on XRP’s track record and use cases for institutions.
• STABLE – All 30 million ledgers closed without issue since inception.
• SCALABLE – Throughput capacity over 50,000 transactions/second.
• INSTITUTIONAL – Use case designed for the enterprise.
• PREFERRED – Technical superiority and scalability as a settlement asset.
• ROBUST – Open-source code base and a team of full-time engineers.
• DECENTRALIZED – Over 55 global validators and growing.
Stellar is set to integrate the Lightning network by the end of the year. An image on stellar.org shows the launch date is set for December 1st.
EOS founder Brendan Blumer is opening up about how he went from selling magic swords in World of Warcraft to creating the world’s largest initial coin offering.
In a new interview with South China Morning Post, Blumer talks about his first meeting with software developer Daniel Larimer and eventual launch of the EOS blockchain.
As for how EOS will distribute funds from its $4 billion ICO, Blumer says “We will announce plans about how we are deploying our capital over time,” noting that more than $1 billion has been committed to invest in start ups that build on the EOS network.
Litecoin creator Charlie Lee’s keynote speech at the first annual Litecoin Summit just hit the net.
In the speech, Lee addresses why he sold all of his LTC, the current status of the network, metrics to success, future development and mass adoption.