The Future of Bitcoin, Plus Ripple and XRP, Ethereum, Tron, VeChain and Litecoin: Crypto News Flash
From the future of Bitcoin to a big delay for Ethereum, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
Crypto enthusiast and trader Josh Romportl has created a brilliant post on Medium, outlining a huge list of reasons why Bitcoin and cryptocurrency at large have a bright future.
From Bakkt and Fidelity to Steve Wozniac, IBM and Goldman Sachs, the somewhat sarcastic piece is well worth a read for anyone curious about where the future of digital assets may be headed.
Ethereum
Ethereum’s much-anticipated Constantinople hard fork has been delayed until 2019.
In a meeting that was broadcast live on YouTube, the platform’s core developers decided to take more time to make sure all potential bugs are ironed out. “I keep getting the feeling that we’re trying to rush this and I would second that we should breathe and see what happens,” said Afri Schoedon, the release manager for the Ethereum client Parity.
Among other things, Constantinople is designed to increase efficiency and lower transaction fees.
XRP is now live on the zero-fee crypto exchange Cobinhood.
So far, XRP is paired with Bitcoin and USDT. Deposits are up and running, but withdrawals are currently suspended.
Litecoin
Litecoin is lowering transaction fees by 10x in the next core release.
According to a new post on Medium, “The average transaction fee as it stands on the network is Ł0.001 per KB or ~$0.05. With the announced changes that will soon become Ł0.0001 per KB or ~ $0.005, half a cent and back at 2015 levels.”
Tron
A Tron-powered payment card is now officially in beta mode.
TronCard is designed to allow retail stores to accept TRX. To enable the option, stores have to install a third-party app on Clover point-of-sale systems. The card can also act as a wallet for TRX and TRON tokens.
VeChain
VeChain has formally entered a partnership with DNV GL, one of the world’s largest independent energy advisory and certification bodies. The two are coming together to create a global, UN-compliant carbon monitoring and trading system.
The digital ecosystem aims to “leverage the VeChainThor Blockchain and Internet of Things devices to effectively record every carbon emission reduction behavior of enterprises and individuals, using smart contracts to calculate the carbon reduction equivalent and accordingly issue carbon credits.”
His Majesty King Harald V and Her Majesty Queen Sonja of Norway witnessed the signing ceremony of “DNV GL — VeChain Digital Low Carbon Ecosystem” in Beijing.https://t.co/Md86aN5cDa
— VeChain Foundation (@vechainofficial) October 17, 2018
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