ICO WORLD

Blockchain evolution

Blockchain 1.0 is what Nakamoto developed. The main achievement of blockchain 1.0 is the solution to the problem of double-spending without the presence of intermediaries in the scheme (for example, banks). A true P2P payment system parasitic on the Internet. No servers - a way was found with a significant degree of security to exchange electronic payments directly between the "wallets". A paradise for anonymous.

Blockchain 2.0 - or Ethereum smart contracts. The main achievement of blockchain 2.0 is the ability to use a distributed blockchain registry to solve various applications, the word “distributed blockchain registry” can be replaced by the word “distributed cloud-computer power” - the meaning will not change. On the open-source ethereum, the vast majority of altcoins appeared. So "viola" was born, parasitizing on ethereum, which in turn parasitizes on the cue ball, which in turn parasitizes on the Internet. And yet, Ethereum gave birth to such a profession as “blockchain-developer”, “blockchain-programmer”, “blockchain-add your word”.

The bottleneck of the first and second-generation blockchain is the problem of scalability. The fact is that both Bitcoin and Ethereum, in their activities, are based on a distributed registry system, which without tangible risks of hacking tells us what, to whom and in what volumes it belongs. This system functions when certain computing powers duplicate blockchain information and create new blocks for introducing new information into it (well, or process smart contracts in the case of Ethereum). When the tasks facing the blockchain are quite simple, then everything works well, but as soon as we increase the quantity and quality of the tasks to be solved, it starts to “slow down”. This is the “scalability problem”. The cue ball network on average processes 7-8 transactions per second, Ethereum - 14-16 transactions. This is weak for the global application of these blockchains - the speed is small, transactions are expensive (payment of nodes and miners exists) = total, the use of the entire system for microtransactions is unacceptable.

Blockchain 3.0 is the answer of developers to the problem of scalability. By the way, LN (Lightning Network) is Bitcoin’s attempt to jump from Blockchain 1.0 to Blockchain 3.0. And, even though various “third-generation” blockchain projects solve the scalability problem in different ways, the main leitmotif is to develop blockchain technology in such a way that it is applicable in real life, and the emphasis is on its speed without compromising on quality and security. Lightning Network, for example, pulls out small transactions in the so-called Off-chain. Off-chain is when a small group of wallets exchanges small transactions, and all their movements are not recorded in the main and clumsy blockchain cue ball. These guys create their LN-wallets, freeze the deposit of such a wallet on the main blockchain, and can exchange cues quite quickly between other similar LN-wallets, bypassing the record in the main blockchain of the cue ball with each transaction - the record in the main blockchain takes place periodically, fixing a kind "The overall result of all transactions in the Off-chain."

Summing up, we can say that Blockchain 3.0 is an experimental field with the ultimate goal of determining which technologies will be more effective for solving various global problems.

Blockchain 4.0+ is marketing. Blockchain still has not come up with a final solution to scalability to tackle new problems and get a new “number”. Projects such as Seele or TON use this move to highlight their exclusivity.

Kuverit (KUV) - Blockchain-based platform designed to protect its users from possible financial losses in any two-way transaction.

ℹ️ Token-Information:

Token Name: KUV
Token Type: ERC20 - Ethereum
Soft Cap: $5,000,000
Hard Cap: $15,000,000

🌐 Website
🗞 Whitepaper
👥 Telegram
🕊 Twitter

Coinbase is considering (https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-70419575eac4) the possibility of adding support for 17 cryptocurrencies and Telegram is on this list 😱😇🥳

Bitcoin: further price movement

The price of the main cryptocurrency was able to overcome the resistance level of $ 10,200, which we talked about earlier, which allowed the price to quickly break through to higher values.

At the time of publication, the Bitcoin exchange rate is $ 10,353.

In the near future, the price may again test support at $ 10,200, however, overcoming resistance above $ 10,450 may allow the price to approach values up to $ 10,590.

Breakdown in one direction or another can be a signal for further price development. If no serious impulses occur, the price will continue to move inside the designated corridor.

The market for top altcoins, with the exception of BNB, did not show intense movements.

The Block: Whales continue to buy bitcoins

While the crypto-investor greed index reaches levels of “extreme fear” and Bitcoin fell below $ 10,000 for the fourth time since the start of the current rally, whales continue to buy. The Block analyst Larry Chermak draws attention to this, referring to information from the Coinbase cryptocurrency exchange.

According to the data presented, two-thirds of Coinbase’s major customers continued to accumulate cryptocurrency over the past 24 hours.

“This is curious: according to Coinbase, 67% of customers with large amounts of bitcoins (top 10%) buy, but not sell cryptocurrency in the last 24 hours,” he writes.

Also, according to Coinbase, 88% of XRP holders, belonging to the 10% largest, bought cryptocurrency in the past 24 hours, while its rate experienced a 15% collapse and returned to levels that the market has not seen since 2017 rally.

“You can call me“ Mr. Cracker, ”but it is,” writes Chermak.

The ability to track the actions of the largest cryptocurrency holders on its Coinbase platform was implemented in mid-July.

By the time of publication, Bitcoin managed to recover slightly from its local minimum. Now the leading cryptocurrency is trading around $ 10,000 after it dropped to $ 9,500 in the morning.

​​It is lively and glows: the TON test network is launched!

Telegram Open Network code and description - https://test.ton.org/
Blockchain Browser - https://test.ton.org/testnet/

LocalBitcoins has earned new verification rules. There is time to complete the KYC procedure until October 1

On September 1, new user verification rules on the LocalBitcoins p2p platform came into force. The toughening of KYC / AML measures are connected with the new Finnish legislation, which the operator company must comply with. In the community, the innovations were somewhat wary, as they threatened privacy.

So, if the annual trading volume (which is updated every hour) does not exceed 1000 euros, users must provide their full name, country of residence, email and phone number. If volumes exceed this limit, the site operator will require a complete KYC procedure, which requires the provision of a passport or other identification document. In total, the new system has four levels of accounts that differ in the available volumes.

Previously, this platform allowed users in countries with the economic downturn and progressive hyperinflation to quickly and safely conclude transactions with bitcoin while maintaining anonymity. In Venezuela, LocalBitcoins provided citizens with the opportunity to conduct at least some kind of economic activity. However, an established system is now at risk.

At the end of August, the site extended the term for updating accounts until October 1. Users who do not fulfill the requirements before the deadline will lose the ability to trade until they complete the KYC procedure.

Representatives of the platform also asked to enter personal data in Latin letters but were allowed to provide them in several languages ​​at once.

The same point of view was expressed by the anonymous developer of the decentralized exchange Bisq. He emphasized that the platform can be considered decentralized only in the sense that it allows anyone to place orders - this is different from the book of orders of traditional exchanges.