Part 2: Overview of Ethereum Forks

Part 2: Overview of Ethereum Forks

This is the second part of the yesterday’s article on cryptocurrency forks. This article aims to fill readers in on the history of Ethereum hard forks before the Constantinople meeting, which is scheduled to take place today, August 31

Ethereum Constantinople

Ethereum Constantinople is an upcoming hard-fork of Ethereum. Constantinople is the second stage of the Metropolis upgrade. It seeks to reduce transaction fees and improve the overall efficiency of the Ethereum network. Constantinople will introduce four EIPs (Ethereum Improvement Proposals) which will reorganize the way how block hashes are stored and increase the speed of arithmetic in EVM (Ethereum Virtual Machine). The Ethereum Constantinople devs meeting is to take place on August 31 at 14:00 UTC.

Ethereum Classic (ETC)

Ethereum Classic (ETC) forked from Ethereum in July 2016. Ethereum Classic was born as the result of a major attack on the DAO, a failed blockchain rendition of a venture capital fund. Due to a combination of vulnerabilities, the attacker was able to siphon $50 million worth of ethers. To repair the damage, Ethereum forked reverting fraudulent transactions. A relatively large part of the community however did not agree with the decision and stuck with the old chain, hence Ethereum Classic. It is one of the more popular forks with an hourly average of 2,000 transactions.

EtherZero (ETZ)

EtherZero (ETZ) is another fork of Ethereum activated in January 2018. EtherZero is promoted as a zero-fee instant-pay smart-contract platform utilizing a masternode system. Despite that, the fork is far from seeing any recognition from the community with the 24-hour trading volume of measly $156.

EthereumFog (ETF)

EthereumFog (ETF) is yet another minor Ethereum fork which split from the main chain in December 2017. Based in China, EthereumFog markets itself as a fog-computing platform which fixes the problem of scalability and is dedicated to building business partnerships. EthereumFog market is largely unpopulated with $372 worth of transactions in past 24 hours.

Ethereum Modification (EMO)

Ethereum Modification (EMO) hard-forked from Ethereum main chain in December 2017. EMO’s features include the template contact, a separate accounts model, and natural fork, as the core concept of the fork. EMO’s official github page and social media accounts do not seem to have much content.

ETH

135.65 USD
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ETC

4.80 USD
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ETF

0.5781 USD
-4.23%

ETZ

0.7500 USD
0.00%

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Is Ripple (XRP) Crumbling? ETH Gap Widens to $1.5 Billion

Ripple prices down three percent from last week’s close Price surges depend on xRapid adoption Participation levels low and almost half that of Feb 24 At third with a market cap of $12,861 at the time of press, Ripple (XRP)—like the rest is under pressure. However, this has been compounded by regulatory uncertainty which is likely to be clarified next year. If the SEC has reason to classify XRP as a utility with no central control, prices will surge towards Sep 2018 highs at 80 cents. Ripple Price Analysis Fundamentals Ripple Inc promotes three of their central solutions to financial institutions and payment processors. Of the three, xCurrent is widely used. However, if XRP as an asset is to thrive, then banks must use the xRapid network. While offering the same end to end encryption, the solution uses XRP as a means of exchange. To facilitate transactions, Ripple Inc is working with different exchanges across corridors of their interest. There is Coins.ph and Bittrex between the US and the Philippines. At the same time, there is Bittrex and Bitso between the US and Mexico corridor of which Mercury FX is dominating. Even so, the lack of confirmation from regulators is forcing would be clients to postpone their plans allowing Stellar and IBM to narrow the gap. All the same, it is a good thing that IBM–with their history with banks, is demonstrating that despite blockchain being new; it can be efficient and cost saving. Candlestick Arrangement A month after dropping from 34 cents, Ripple (XRP) sellers are clearly in charge. It is down three percent from last week’s close and pretty stable from yesterday. Regardless, we are net bullish expecting higher highs in the next few days. However, all that is dependent on the reaction at 30 cents and how fast losses of Mar 21 are reversed—or confirmed. If the latter is the case and prices crumble below 30 cents, then bears of Feb 24 would cause a meltdown towards 25 cents canceling our stance. On the other hand, reversal effectively confirms gains of Jan 30. Technical Indicators Relative to Feb 24 bear bar—61 million versus 30 million averages, it’s evident that participation is shrinking. Today’s averages stand at 14 million which is less than half that of Feb 24. All the same and as per our previous emphasis, buyers would only be in charge if there is a spike of volumes above 17 million of Mar 21. That will jolt bulls back in track solidifying our stand. Chart courtesy of Trading View–BitFinex Is Ripple (XRP) Crumbling? ETH Gap Widens to $1.5 Billion was last modified: March 24th, 2019 by Dalmas NgetichThe post Is Ripple (XRP) Crumbling? ETH Gap Widens to $1.5 Billion appeared first on NewsBTC.
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Bitcoins’ (BTC) Sudden Movement Suggests a Dump, But ETH, EOS, LTC, BCH And BNB Takes Lead for Altseason

The market apprehension for a movement in Bitcoin price grows by each passing day. It might be an indication of accumulation in Bitcoin. However, some technical indicators also suggest a downward motion. The bearish engulfing channel on 21st March with a break-down from the uptrend indicate bearish momentum for Bitcoin. The price of Bitcoin (BTC) at 13 00 UTC on 24 March 2019 is trading at $4027. The price on a weekly scale reflects no movement. However, there was a dump on 21st March from which the market has recovered. Nevertheless, $3850 on the downside and $4150 on the upside remains the primary support and resistance level respectively. On the Fundamental front, traders are awaiting the Mt. Gox credit date. It is estimated that about $600 million in cryptocurrencies and FIAT will be reimbursed to the victims of the hack in 2014. Hence, the market is unsure whether it will result is a spike or a downtrend. The Bitcoin ETF proposal which is expected to increase the demand for Bitcoin as an asset is also pending eternally with the US SEC with no confirmed deadline. Ethereum and EOS Continues to Consolidate Ethereum which was under bearish pressure since June in 2019, looks to break above the 50,100 and 200-Day Moving Average. The three Moving Average lines are coinciding with each other on the 1-day chart of ETH/BTC. Ethereum has stayed stable over the week near the $140 mark in the range of $3. The price of Ether (ETH) at 13 00 UTC on 24 March 2019 is trading at $137.5. ETH/BTC 1D Chart on Bittrex EOS which was recently ranked above Ethereum in a Chinese Survey has continued to maintain a stable position at number five w.r.t to total market capitalization. The price of EOS at 13 00 UTC on 24 March 2019 is trading at $3.65. It is trading 3.5% lower on a weekly scale. Litecoin (LTC) and Bitcoin Cash (BCH) Price Movements The price of Litecoin (LTC) at 13 00 UTC on 24 March 2019 is trading at $60.06. It is trading 2% lower on the weekly scale, but the decisive break above $60 seems to mark bullish momentum for Litecoin. The price is also moving above the 50,100,200-Day Moving Average. LTC/BTC 1-D chart on Bittrex The price of Bitcoin Cash (BCH) at 13 00 UTC on 24 March 2019 is trading at $166.62. It is trading 9.24% higher on the weekly scale. The 1-Day chart of Bitcoin Cash resembles the chart of Litecoin. Moreover, their utility and performance are also comparable. Hence, in a diverse cryptocurrency market coupling of these currencies is a possibility. Cardano’s ADA Out-Performs the Other Platforms The price of Cardano’s token (ADA) at 13 00 UTC on 24 March 2019 is trading at $0.062. It is trading 22% higher on the weekly scale. IOHK, the Hong-Kong parent organization behind Cardano announced the successful completion of its Byron Phase and has successfully moved to the Shelly phase. Despite stiff competition from other popular platforms like Ethereum, EOS, and Tron, Caradon continues to be in the top ten cryptocurrencies by market capitalization. Cardano Updates Roadmap Binance (BNB) Coin and Huobi Token (HT) The Exchange based token Binance (BNB) coin and Huobi Token (HT) have made significant progress since the beginning of the year 2019. These two are the most successful Exchange backed tokens. Nevertheless, BNB is ranked 7th while Huobi Token (HT) is ranked 50th w.r.t total market capitalization. The price of Binance (BNB) Coin at 13 00 UTC on 24 March 2019 is trading at $17.02. It is trading 7.64% higher on the weekly scale. The price of Huobi Token (HT) at 13 00 UTC on 24 March 2019 is trading at $2.52. It is trading 22% higher on the weekly scale. Some of the other notable action in altcoin market was observed in Basic Attention Token (BAT), Tezos (TZX), Zcash (ZEC), Augur (REP), Digibyte (DGB), Huobi Token (HT), Enjin Coin (ENJ), and OmiseGo (OMG). These tokens registered double-digit gains over the week. The rise in Tezos (TZX) was the highlight with a surge of almost 40% followed by Huobi Token (HT) and Digibyte (DBG). Do you think the accumulation in cryptocurrency has begun or downtrend is still possible? Please share your sentimental or technical analysis with us as well. The post Bitcoins’ (BTC) Sudden Movement Suggests a Dump, But ETH, EOS, LTC, BCH And BNB Takes Lead for Altseason appeared first on Coingape.
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