The representative BlockTower: fast new scriptactive not displace Bitcoin

Date:

2019-02-11 15:15:07

Views:

3260

Rating:

1Like 0Dislike

Share:

The representative BlockTower: fast new scriptactive not displace Bitcoin Source:

Managing partner of investment group BlockTower Ari Paul did tweet an intriguing statement. In his view, Bitcoin as an asset means much more than the blockchain. Industry insider, formerly part of the University of Chicago and Susquehanna International argued the statement which has consequences for the wider cryptococcoma.

the

Bitcoin > Blockchain Bitcoin

In a recent tweet Paul noted the obvious difference between BTC and by bloccano, explaining why the first has more value than the last.

Although the network appears to be independent, drifting by itself in the digital world, Nakamoto still made money programmable. The godfather of the nascent sector has left users with the ability to use BTC as the base.

Paul explains that there is a new paradigm of industry insiders who use BTC for alternative purposes and even in other ecosystems.

If BTC can be used solely within its network, it would be a serious problem. After all, Bitcoin first-generation technologies, with the inherent disadvantages in the form of low bandwidth and limited features. However, BTC can be used in other protocols and networks.

That is why we are now seeing the existence of so called «Saidjanov» and of «the second, third and so on» levels. The investor cited , describing it as a Protocol of the second level, which allows you to make «numerous quick and cheap BTC transactions, which it regulated and protected by the main circuit of Bitcoin».

Though the purpose of Lightning is to build BTC as a digital means of payment, Paul notes that over time users will start to use sicani, dricani and other solutions based on Bitcoin. It just shows the value that has Bitcoin alternative block chain and scriptactive, writes NewsBTC.

[the Programmable nature of Bitcoin] ensures that BTC is unlikely to become obsolete with the advent of the competitive protocols with all their innovations. The essence and functions of Bitcoin are not limited only to his own bacchanal.

The More data you look at . The current rate of coins can be found in our classroom .

Recommended

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in...

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

The charm of halving: as cuts in rewards for Litecoin block will send the coin to the moon

The charm of halving: as cuts in rewards for Litecoin block will send the coin to the moon

after About 179 days to go through the procedure of halving — miners will start to 12,5 LTC in one block instead of 25 LTC. Many experts consider this event to be a factor for the growth of the asset price. They also speak about t...

The vision of Satoshi implemented. Bitcoin already has become famous all over the world

The vision of Satoshi implemented. Bitcoin already has become famous all over the world

created in an attempt to get a new world currency that would deliver people from financial intermediaries and allowed to transfer processing of transactions, completely decentralized peer to peer network. It helped to get off the...

From November 2018 the ICO sold 750 thousand esters. Will fall?

From November 2018 the ICO sold 750 thousand esters. Will fall?

11 Dec 2018 the members of the teams sold 39 thousand ETH. The number 14 on the market threw another 45 thousands, well, 17 Dec — 33 thousand coins. In the second half of last year, such amounts were rare, but in November and Dece...

The Ethereum struck a local downtrend. Will growth next week?

The Ethereum struck a local downtrend. Will growth next week?

Recently, the price soared against the dollar. Trading a pair of ETH/USD is still under the control of the bulls and preparing for the continuation of the uptrend. The long-term growth is possible. However, for this Ethereum need ...

ICE CEO: start Bakkt just take place in 2019

ICE CEO: start Bakkt just take place in 2019

the CEO of Intercontinental Exchange (ICE) expects to start trading platform in 2019. About Jeff Sprecher told during the announcement of the results of the next reporting period of the company. In a video conference manual ICE re...

CRYPTOMACH / Bitcoin to $ 1,800, the end of the bearish trend, pump at 4760 per cent and the market forecast for February

CRYPTOMACH / Bitcoin to $ 1,800, the end of the bearish trend, pump at 4760 per cent and the market forecast for February

February is slowly approaching its middle, and along with it comes cryptobiina. Friday niche pleased with the significant growth that has led analysts to talk about the end of the bear market. During the week there were some other...

Unbelievable boldness: who wants to increase the maximum number of bitcoins?

Unbelievable boldness: who wants to increase the maximum number of bitcoins?

21 — a sacred number for each Bitcoin-maximalist. It so many millions of coins BTC will be mined only, and that this figure appears in many articles and news about . But what if 21 million bitcoins is too little? To such conclusio...

Cryptographer from Harvard believes that cryptocurrency is useless. Why?

Cryptographer from Harvard believes that cryptocurrency is useless. Why?

According to researchers from Harvard Bruce Schneier, crypto currency is not useful to anyone but fraudulent groups and individuals. In his opinion, they just transfer large sums of money and do not want to be noticed by the gover...

A new hope: grow Bitcoin to $ 4000?

A new hope: grow Bitcoin to $ 4000?

Friday, the capitalization of the stock market increased by $ 10 billion and continues to grow. All the major coins, including , and , have risen to several percent. The main cryptocurrency after a relatively long flat finally set...

Bitcoin futures the CBOE and CME fail. What's going on?

Bitcoin futures the CBOE and CME fail. What's going on?

a New study TradeBlock shows that during the peak in the summer of 2018, the aggregate volume of trading almost reached parity with the performance of spot markets in five major US exchanges. However, since the volume of trade has...

Trader: the rise of Bitcoin 10% opened the way to new bullrun

Trader: the rise of Bitcoin 10% opened the way to new bullrun

on the Eve suddenly jumped up by as much as ten percent after a few weeks of activity of bears in the market. The main crypto currency broke through a major resistance zone in the area of $ 3,500. Rebound of such power aroused the...

Prohibited content: unknown published in the Bitcoin blockchain SV child porn

Prohibited content: unknown published in the Bitcoin blockchain SV child porn

again appeared on the bands West of the crypto media. At this time the project Craig Wright is accused of distributing child pornography. One of the users BSV posted a picture in the blockchain cryptocurrencies. «Discovery&#...

The number of Bitcoin transactions has jumped to the level of January 2018. The market comes alive

The number of Bitcoin transactions has jumped to the level of January 2018. The market comes alive

According Transactionfee.info daily volume of transactions on the network increased to levels January 2018 — shortly after the main price of bitcoin has reached 20 thousand dollars. According to some key players in the industry, i...

Will growth: why rejoice in yesterday's Pampa Bitcoin is too early?

Will growth: why rejoice in yesterday's Pampa Bitcoin is too early?

on Friday, the price for the first few weeks rushed up from 10.5 percent. Trade BTC/USD set a new local maximum in the area of 3710 dollars, and then fell back below. From the point of view of fundamental factors the reason for th...

Ultimately, the Bitcoin ETF is approved. The words of SEC Commissioner

Ultimately, the Bitcoin ETF is approved. The words of SEC Commissioner

government news resource Roll Call published an interview with Robert Jackson, Jr. The Commissioner believes the SEC will still get the Commission's approval. He hopes that someone in the end will satisfy the SEC's requirements. S...

Bitfinex has resumed after an unclean shutdown. Money safe

Bitfinex has resumed after an unclean shutdown. Money safe

Today, Hong Kong-based crypto currency exchange Bitfinex using Twitter is advised to temporarily disable trading platform for all users because of the significant surge of CryptoRandom. It was initially reported that the platform ...

Tron was ahead of Ethereum in popularity in Google Trends. The gap is growing

Tron was ahead of Ethereum in popularity in Google Trends. The gap is growing

According to the latest data, collects more requests to Google than , and the preponderance continues to increase. According to representatives of the Dapp Review, in the top 50 of the ecosystem of decentralized applications 23 pr...