Today we have a Daily Token Review and three really awesome cryptocurrency news segments to share with you. Just before I start, if you guys like our content and want to keep updated with the crypto space, please make sure you hit the like and subscribe button!
On Coinmarketcap, we’ve got a pretty stable start to the week with a number of reds and greens across the chart. For our top three Bitcoin, Ethereum, and XRP, we’re seeing a slight decrease of 0.05%, 0.27%, and 0.57% respectively. There are a few tokens with some nice gains like EOS with an increase of 1.10% and Binance coin, gaining 3.11%. Cardano in 10th position has however dropped 2.34%.
Now when we move onto the top 20, you can see more fluctuating gains.
Dash on 13th place has gained 8.21%, Monero 4.36% and Tezos still in its big greens, increasing by 12.08%. Now, Tezos has developed a lot when it comes to their community in the last few days. I mentioned this just in our last video. but looks like Tezos is still experiencing a price surge most likely due to the fact that Coinbase announced just on March 29, that they will launch a block staking program for Tezos. So here, Coinbase will allow its clients to stake their XTZ holdings and earn attractive annual returns via Coinbase Custody.
Now onto the news. According to the Bitcoinist, developer and researcher Felix Weis successfully executed as a proof of concept, the world’s first ATM Bitcoin transaction on the Lightning network. It is a significant milestone for the Bitcoin Community as it is the world’s first lightning-enabled Bitcoin ATM.
It was demonstrated on March 31, 2019, where Weis publicly demonstrated that transaction via Lightning Network at a Bitcoin ATM. The demonstration was completed during the Lightning Hackday in Hong Kong. Weis described the Bitcoin ATM transaction as “Just a proof of concept “top up your existing channel,” Lots of bugs but two different mobile wallets worked fine.”
I’m really excited to this happen. I’d be keen to see whether Bitcoin ATMs will use the lightning Network in the future to increase speed, scalability and cut costs. The Lightning Network could be the key to help Bitcoin reduce transactions fees, and speed up the existing transactions. Just to give you guys a refresher, remember the Weiss Ratings?
Bitcoin received an upgrade from C- to B- because the technology has improved significantly, while I’m not saying it’s completely due to the Lightning Network, but I believe that the Lightning Network was a factor, especially in technology that must have inched Bitcoin’s rating to improve an overall whole grade. I’m glad that the implementation of the Lightning Network Nodes are continuing to gain momentum. I’m really curious to see if the future of Bitcoin involves the Lightning Network. Everything seems pretty positive with lightning Network use cases and growth increased significantly, but it’s the crypto world we’re talking about, so really, new advancements or new innovations, anything can really happen.
Now onto the second news of the day. According to CryptoGlobe, EOSIO, the leading contributor to the development of the EOS blockchain network, has confirmed a “stable release” for EOSIO contracts.
So what does this mean? The EOSIO Contracts Version 1.6.0 is designed to ideally help scale the accessibility of network resources on the EOS Blockchain. EOSIO mentioned that the latest upgrade and release is therefore designed to “focus on issues primarily related” to the Resource Exchange. “The intention of the Resource Exchange (REX) functionality is — is how they’re going to help scale the network resources — so here, to enable EOS token holders to rent portions of their CPU and Network Resources to those needing more computational power to operate applications on the platform.” Holders of blockchain-based tokens will be able to lend portions of their existing resource allocations by purchasing (lending CPU and Network resources) and sell or unlend resources using REX tokens. These tokens will reportedly be managed and kept in the REX Pool.
And finally onto the last segment for today. XRPL Labs, a Ripple-backed startup is currently developing a new payments app that is designed to give shop owners a simple and easy way to accept XRP. Now, according to the Daily HODL, there is a prototype of the Point of sale (PoS) system up and running already.
It will also be tested at a meetup in the Netherlands. The app is currently called XRPay, although it may change to avoid any confusion with other competitors. XRPL labs Founder Wietse Wind noted that the XRPay app will launch on Google Pay and the App Store. Not too much else has been revealed about the startup, however, we can see here that it’s not just Bitcoin adoption and ease of payments on the rise but now Ripple as well.
So what are your thoughts on this situation guys?
Are you excited to see the world’s first Lightning-enabled Bitcoin ATM transaction come to life?
Are you keen to see the EOS blockchain platform scale its network resources well?
And do you think XRPay will be a major hit?
Let me know what you guys think in the comments below.
It’s Cindy with CryptoPig, Catch you guys around!
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.
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