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From Bitcoin versus gold to updates from Litecoin’s Charlie Lee and Cardano’s Charles Hoskinson, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
EOS co-founder and CEO Brendan Blumer says he thinks Bitcoin will inevitably become the world’s number one commodity to store value, replacing gold.
Gold has roughly $7 trillion outstanding. If Bitcoin were to replace gold and its market cap soared to $7 trillion, each Bitcoin would be worth around $333,333.
After all 21 million BTC have been mined, Blumer says Bitcoin’s transaction fees will increase but additional scaling solutions, like the Lightning Network, will create cheaper options for transacting Bitcoin.
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Ripple and XRP
The crypto exchange Bitstamp has released an overview on Ripple gateways and IOUs, which allow businesses to issue and send tokens that are redeemable for a fungible asset such as the US dollar, gold or crude oil.
Meanwhile, the Singapore-based crypto exchange FinanceX has listed XRP. The digital asset is paired with the Vietnamese dong and the Indonesian rupiah.
Ethereum
The latest ConsenSys-sponsored Week in Ethereum blog post is out.
The week’s edition highlights the success of the Ethereum upgrade Constantinople, and covers the latest on a number of Ethereum-based platforms including Enjin, Kyber, OmiseGo and MyEtherWallet.
Litecoin
Charlie Lee’s interview at Token2049 in Hong Kong is now online. Lee talks about the platform’s latest developments, including Confidential Transactions and the Litecoin Foundation’s partnership with TokenPay.
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Cardano
Appearing at Token2049 as well, Cardano creator Charles Hoskinson talks about the ability to move information at the speed of thought in the digital age, and the path ahead for blockchain and cryptocurrency.
Stellar
Stellar’s latest monthly roundup is out.
The update covers the Stellar Development Foundation’s new executive director and CEO Denelle Dixon, Stellar’s updated logo, XLM’s launch on Coinbase, and more.
Tron
DappReview’s latest update shows 53,900 users spent a total of $141 million on Tron’s decentralized apps (DApps) in the last 24 hours. Most of the volume is coming from Tron’s long list of gambling DApps.