Canadian actor William Shatner, better known as the USS Enterprise captain, James Tiberius Kirk, who is a character in Star Trek TV show, published a tweet in support of Ethereum founder Vitalik Buterin. In this way, he triggered the English-speaking crypto community. William’s audience on Twitter counts more than 2.5 million followers after all.
The reason for the disagreement was the tweet of a user premine apologist, and it said that Buterin is a “scammer” who is not able to provide Ethereum network with full decentralization. In response to this, premine apologist received the following answer from Shatner:
The answer of William Shatner was supported by a significant part of the audience of crypto community. We remind that the actor is not new to cryptocurrency industry and blockchain. He is a representative of a blockchain project specializing in extraction of solar energy for mining.
The well-known ideological inspirer and founder of the second cryptocurrency, in terms of capitalization, Ethereum, Vitalik Buterin stated that in future his project should achieve a throughput of 100,000 transactions per second. He also said that his entire huge development team is currently focused on three main issues:
ease of use.
“So scalability – the Ethereum blockchain right now can process 15 transactions per second. Really, we need 100,000”, he said.
“There are two major kinds of strategies that we’re working on for scalability. One is layer-one scaling and the other is layer-two scaling. Layer-one scaling basically means improving the blockchain protocol itself to process a larger set of transactions” – explains Vitalik. – And our solution to this, called sharding, basically means that you split up the different transactions to randomly selected, different groups of computers. And this basically means that the blockchain can process way more things than one single computer can hold. And that can increase scalability by maybe a factor of 1,000 or so, but then potentially even more, much later down the road.”
Sharding is a relatively new technology with which you can divide the data into separate parts. Thus, using sharding, you can optimize the process of verifying transactions and smart contracts, which will have a beneficial effect on network bandwidth. According to Buterin, his team did not forget about the second level scaling.
While discussing the topic of scaling, Vitalik simply couldn’t forget about Bitcoin. In his opinion, an increase in throughput of Ethereum is vital for the future of his project. The fact is that if developers fail to achieve this, then a significant share of the market capitalization will remain for the current flagship Bitcoin.
A well-known American software developer, an entrepreneur, a founder of Twitter and payment system Square, Jack Dorsey announced that he is assembling a team for the forthcoming work on a new cryptocurrency ecosystem. He made a corresponding post on his Twitter:
#BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in bitcoin! Introducing @SqCrypto. Why?
At this moment there is no information about the coming Dorsey’s project. The only thing he said was that specialists would “focus entirely on what’s best for the crypto community and individual economic empowerment, not on Square’s commercial interests”.
It should be noted that from the beginning of 2018 a mobile app of payment system Square called Cash App supports BTC:
A revolutionary North Korean organization that calls oneself Cheollima Civil Defense is currently working on ousting nation leader Kim Jong-un and the government of the country. Free Joseon, another name of the group, announced that they are going to sell visas to the new country starting from Sunday.
The supporters of Free Joseon can purchase visas in Ethereum, one ETH is the price for the first 1000 visas, which will be issued on the blockchain technology using ERC-721. The official site of the organization stated that visas can be traded and sold. If a customer wants to have business activity in the new free country, they have to contact the group to get an advanced visa.
The visa allows a person to enter “Free Joseon” just for 45 days at a time. Such visas are called “G-Visas,” you can see the example in the left. And the letter “G” means “Genesis”.
Cheollima Civil Defense took all responsibility for action against North Korea, including graffiti slogans on the fence of the North Korean embassy in Malasia. They are also responsible for saving the son of the assassinated Kim Jong-Nam – a half-brother of Kim Jong-un.
The organization is doing everything secretly as they are afraid of having their identity revealed. There is a note on the official site, which states:
“The identification of even a single member could lead to the identities of others. Several of us have already escaped their attempts on our lives and that of our families. Many of our compatriots and their relatives have not been as fortunate. And any left surviving in concentration camps would surely face execution if the identities of their family members were dissidents were made known.”
The price of second famous cryptocurrency – Ethereum – has always been a hot topic in the crypto world, therefore let us look at future prospects of its price and the potential to fly up by 250% by the end of the year.
Constantinople & St. Petersburg
The Ethereum network had two major “maintenance and optimization upgrade” upgrades in February 2019, the blockchain was divided into Constantinople and St. Petersburg. The former is a so-called preparation of changing the structure of the blockchain, it allows a high number of TPS with low energy consumption. Moreover, it encourages savings with the help of increasing the value of token in circulation.
While St. Petersburg was meant to delete the Ethereum Improvement Proposal (EIP) 1283 – a former Ethereum upgrade. During 2017-2018 the main weakness of Ethereum was handling only 20-25 transactions per second. Due to these upgrades, it is slowly vanishing giving hope for the coin to get higher in price and productivity.
A 250% Increase is Real or Not
If we talk about a 250% increase, we should understand that the coin has to reach the $500 level, which was in July 2018.
To reach such a high price the bull market will have to overcome several resistances, which makes such an increase unlikely to happen.
As we can see from above, the market will come across bearish .618 and .886 Fibonacci Retracement levels at $170 and $208. These two short-term bearish retracements are enumerated from the highest price in November and the lowest price in December.
Furthermore, the crypto market will meet resistance at bearish .382 and .5 Fibonacci Retracement levels (red color) priced at $247 and $298. These digits were measured from the July 2018 high to the December 2018 low.
The market will definitely have to overcome resistance around $350 level, and then go higher at $357, $349, $400, $420, and $465. From today’s bearish market, it is clear that Ethereum is not able to have a 250% increase.
Ethereum Price Now
According to the CoinMarketCap, Ethereum takes the second place in the list of Top 100 cryptocurrencies with the market capitalization of more than $14 billion. In a 1-month period, the coin did not show any significant fall or increase in price. The price at the time of writing accounts for $139.
In the recent couple of years, Asia has become the region that is ahead of everybody when it comes to technologies. Anything that is new, unique and has potential is quickly being implemented in the East, while the rest of the world is just thinking it over. Certainly, blockchain and digital assets are no exception to the rule. Dozens if not hundreds of businesses, companies and projects in China, Japan, South Korea etc. are creating new concepts, ideas and solutions using cutting edge technologies, like blockchain and distributed ledger technology, in many different spheres, especially fintech.
What is FUBT?
FUBT Exchange is a Hong Kong-based project, the main focus of which is maintaining a blockchain platform for trading digital assets. The exchange evolved from the FUBT Station. In July of 2017, first transaction were conducted through the upgraded platform. Afterwards the developers launched their own token – BXB, which skyrocketed by almost 25 times on the market. FUBT kept growing and expanding. At the beginning of 2018, it opened up departments in other regions of Asia, namely Seoul, Cambodia, Tokyo, Taiwan, Phnom Penh and even one in New York. Now FUBT is considered one of the leading blockchain platforms for trading digital assets in Asia.
Strong sides and interesting facts about FUBT:
In June of 2018, the platform already had around 650 thousand active users which serves as perfect evidence of the project’s trustworthiness;
FUBT’s daily capital turnover equals to around 400 million dollars;
The platform is expanding globally and provides multi-language support for better understanding of users from different parts of the world;
The transactions within FUBT are conducted in a fast and simple manner, moreover, they are protected against security breaches;
The exchange provides a variety of digital assets, overall about 100 kinds;
Four crypto trading areas (BTC, ETH, FBT) are available on the platform;
FUBT has a mobile app both for iOS and Android;
The team of the project consists of real professionals from the fields of banking, fintech, blockchain, investment etc.
Core values of FUBT are “Integrity, Innovation, Inclusiveness, and Win-Win”;
The project has ambitious goals of expanding further and establishing itself firmly on the market;
FUBT team is constantly looking for new clients, partnerships, opinion leaders and pays a lot of attention to user feedback in order to improve and prosper.
More details on this promising and innovative platform can be found here.
Twitter is one of the most influential social network in the world, only one tweet can ruin your reputation or even become the reason to get fired, thus, you have to be careful with what you write. Yet, sometimes even if you wrote an innocent tweet, a very hot discussion may take place, which will bring discomfort for you and your followers.
Twitter has already considered this matter and decided to implement a new feature – hide the replies to the tweets. As a software expert, Jane Manchun Wong, noticed such feature will bring a positive change in controlling the conversation. One cannot hide the replies permanently, however, it will make more difficult to see the start of the original conversation which was followed by toxic replies.
A representative of Twitter, Michelle Yasmeen Haq, openly shared her thoughts about this feature:
“People who start interesting conversations on Twitter are really important to us, and we want to empower them to make the conversations they start as healthy as possible by giving them some control.”
She also stated that there are features like “Mute” or “Block” the user, however, they do not address the problem. She said:
“Block and mute only change the experience of the blocker, and report only works for the content that violates our policies.”
1/8 Thanks to Jane and @MattNavarra for starting the conversation about the this feature we are developing! We wanted to provide a little more context on it. https://t.co/Ws2rJfa8sl
You can find “Hide Tweet” if you tap the “Share” icon on Twitter. Other users will have to click through to see the replies, not seeing them automatically. You can see the example below.
As everything in the world, such feature also has its advantages and disadvantages. In fact, you can hide inappropriate comments or remarks about you or anything related to your conversation, yet, what if powerful people, like politicians, for instance, hide something toxic for them, but very important for public. How will they be accountable for this? Thus, it is still not clear whether such a feature brings positive effect or a negative one.