Monday is the day to discuss the main news of the crypto market over the past seven days. The last week of October was rich in interesting events! So here’s some relevant information in exchange for your likes and comments!
Bitcoin White Paper was released 12 years ago
October 31, 2008, which is 12 years ago, Bitcoin White Paper was first uploaded to the public domain. Satoshi Nakamoto published a document describing an innovative payment network and a new kind of money. By the way, it is still unknown who is hiding under this pseudonym: it is also not clear whether this is one person or a group of people.
We at FORSAGE.io want a tool like cryptocurrencies to become popular with as many people as possible. We value digital finance for its anonymity and transparency, and it was the Bitcoin White Paper that first identified these concepts as the basis of a new type of money 12 years ago! Of course, today there are cryptocurrencies and tools that are more advanced than BTC, but it is Bitcoin that will forever remain the first cryptocurrency.
Berlin hardfork on Ethereum will take place in January
The Berlin update on the Ethereum network is scheduled for January 2021. The developers of the second most popular cryptocurrency agreed on this during the last conference call. Berlin is intended to improve the functionality of Ethereum network, but before that the launch of the zero phase of Ethereum 2.0, now slated for December 2020, should take place. As part of the launch of the zero phase, it is also planned to activate the Beacon Chain using the Proof-of-Stake algorithm.
Recently, the Ethereum developers have seriously taken up the network update – the reason is the collapse that occurred in the ETH network in August this year. Then the time of transactions increased, and the commissions reached several tens or even hundreds of dollars. All innovations are aimed to resolve the issues of network scalability and ensure that ETH users do not suffer.
25% of all ETH is in the wallets of centralized exchanges
There are almost 26.7 million Ethereum (appr. $ 10.12 billion) on the wallets of centralized exchanges. This is 23.6% of the volume of the market supply of the second largest cryptocurrency by capitalization. This is the information obtained by the experts of the ViewBase analytical platform. The TOP-5 by the number of coins includes the following sites: Coinbase (8.5 million ETH), Bittrex (5.27 million ETH), Huobi (3.29 million ETH), Binance (2.87 million ETH), and Kraken (2.43 million ETH).
At FORSAGE.io, we support the ideas of decentralization and build the work of our platform in such a way that all transactions take place only between the participants' wallets, without entering the community's smart contract. This ensures platform reliability. Only a decentralized system can guarantee the safety of users' funds and the transparency of all transactions.
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