The Future of Money Sees Possible Scaling Compromise and Price Bounce Posted by Coinmama on June 20, 2017 After last week’s review, the price of bitcoin dipped to a low of $2250 across global exchanges with many other cryptocurrency markets like Ethereum following suit.Since then both Bitcoin and Ethereum’s value has rebounded once again as BTC is currently $2620 USD and Ethereum is hovering around $370.The overall cryptocurrency market cap is still skyrocketing at a whopping $113 billion dollars worth of digital assets, and over $5 billion in trade volume exchanged daily.The Bitcoin and Ethereum Phenomenon Continues to Surprise Us All Posted by Coinmama on June 14, 2017 Another exhilarating week has passed in the world of cryptocurrencies, most notably with Bitcoin and Ethereum markets.This past weekend Bitcoin reached and all-time high of $2980 per BTC meanwhile Ethereum surpassed $420 per ETH.Following the weekend markets took a 10 percent downturn, but more trajected upswings in prices are likely to continue.

At the moment one BTC is $2760, and one ETH is $390 at the time of writing.These dominating currencies and a slew of others have pushed the overall cryptocurrency valuation above $100 billion in just a matter of months.bitcoin majority is not enoughBitcoin Relentlessly Pushes Forward on the Edge to Mass Adoption Posted by Coinmama on June 05, 2017 Last week bitcoin’s price consolidated in the $2250-2300 range and stabilized nicely for roughly 72 hours.doge in bitcoinSince then bitcoin markets have once again kicked up a notch pushing above the $2550 range.bitcoin price xmlMeanwhile, Ethereum (ETH) also came back steady and had reached an all-time high of $250 per ETH at the time of writing.preis pro bitcoin

When it comes to bitcoiners, all eyes are focused on the exponential growth of cryptocurrency markets alongside the thousands of newcomers joining this evolutionary economy every single day.The Future of Bitcoin and Ethereum Markets Look Brighter Than Ever Before Posted by Coinmama on May 29, 2017 Another exciting week has passed in the land of cryptocurrency as the price of Bitcoin and Ethereum reached monumental all time highs on May 24.bitcoin miner black arrowBitcoin’s price touched a high of $2760 while Ethereum surpassed $240 per ETH across global exchanges.litecoin pool espanolHowever following the day of extreme upward price velocities both cryptocurrencies lost 30 percent in value over the course of the next day.bitcoin miner software gpu

Both Ethereum and Bitcoin have rebounded 10-15 percent since then and have consolidated their values for the time being.Cryptocurrency Markets Skyrocket as Bitcoin and Ethereum Leave Earth's Atmosphere Posted by Coinmama on May 24, 2017 A lot has changed since Coinmama’s last weekly report, as Bitcoin and Ethereum have jumped leaps and bounds like two superheroes blasting through the atmosphere.acheter une bitcoinAt the time of writing one bitcoin has an average of $2040 across global exchanges with a whopping $34.1 billion dollar market cap.bitcoin qt how to useThe smart contract based digital currency Ethereum is now an astounding $170 with a market of $15.6 billion U.S.Bitcoin Breaks New Records Again, While Mass Adoption Seems Closer Every Day Posted by Coinmama on May 16, 2017 Another thrilling week has passed us by in within the cryptocurrency economy as bitcoin's price once again touched another all-time high at $1892.

The price has subsequently slid to a lower price of $1720 at the time of writing and markets still show an upward trend may continue.Last week Coinmama reported bitcoin’s price was climbing above $1650, so a level correction from a high of close to $1900 down to $1700 is quite healthy showing the rigid strength of bitcoin markets.Coinbase has announced customers across 26 countries can buy bitcoin "instantly" from today.Previously, users could top up their accounts via bank transfer, however the exchange now supports 3D Secure credit and debit cards – having trialled the technology in the UK and Spain.In a blog post, the company stated: "Since credit and debit cards will not require a customer to pre-fund their Coinbase account with a bank transfer, customers can now receive bitcoin much faster."Visa's 3D Secure protocol, which requires users to verify their identity via password, is supported by most banks in Europe.While instant, Coinbase will charge a 3% 'convenience fee' for the faster service.

Currently only Visa, Mastercard and Maestro cards are accepted, while all purchases must be over £1, according to the company's website.In conjunction with its instant buying rollout, Coinbase – which has raised $106m in VC funding to date – announced that bitcoin users in Liechtenstein and Slovenia can now buy and sell on its platform, though it users will use SEPA transfers, not its instant functionality.We're now live in 30 COUNTRIES!!Users in Liechtenstein & Slovenia can now buy & sell bitcoin with @coinbase!🎉🎉 /pl5f8ZhGMg — Coinbase (@coinbase) October 1, 2015 The two new additions come as the exchange continues its march across Europe.The exchange, which began expanding in the region last September, has now made good on its pledge to service 30 countries by 2016.In addition, the company has so far added 36 US states – the most recent being South Dakota yesterday.technology The Raiden Network Could Allow Instant Transactions In EthereumThe Raiden Network is a project that would allow for lightning-fast transaction in Ethereum.

It would achieve this by operating mostly off the blockchain.When it comes to taking blockchain technology mainstream, scalability is a major issue.While established companies like VISA can process thousands of transactions every second (with a peak of 56,000 per second) blockchain networks are several orders of magnitude slower.Ethereum currently has an estimated capacity of 20 transactions per second.That’s why the idea of payment channels built from Ethereum smart contracts is so attractive.The Raiden Network is a project aiming to use these channels to enable near instant asset transfers, and micropayments.Transactions would be confidential and would scale linearly with users, potentially reaching 1-million transactions per second.This is all possible because these transactions would happen off-chain.Basically, two parties would enter an amount of Ether into a smart contract.Then, using signed transfer agreements they could send any amount of Ether back and forth, using Raiden nodes.

These Raiden nodes would be implemented as an Ethereum extension through an API, so any funds transferred would happen off-chain, in Raiden.Due to this, there is no gas cost, so fees are incredibly low.Parties would even be able to send payments to users they’re not directly connected with by chaining transactions through a mutual party.That intermediary could collect a small fee for their service, and allow for these lightning fast transfers to occur, all outside of the Ethereum blockchain.These transactions can happen in millionths of a dollar, so the applications are wide, especially regarding potential uses in the Internet of Things, and machine-to-machine transactions.The blockchain would mainly act as an arbiter in case of an off-chain dispute.In a functional, healthy system between two parties, if one needed to close out the channel, they would simply call a function on the smart contract using a signed state message.This action initiates a settlement period for the other party to either confirm the state, send a more up-to-date signed state message, or just wait out the settlement period.

The most recent, signed state message is what determines who actually holds what funds.After one of those scenarios unfolds, the channel is closed, and both parties’ funds are released to them.It’s only then that anything is recorded in the blockchain.Any small transfers back and forth, no matter how many, are all off-chain until someone calls in a function to close the contract.Since the parties interacting are confirming their transactions through signing them, the exchange works via the same cryptographic protocols that keep on-chain Ethereum transfers safe.While thousands of simultaneous transfers could bottleneck in Ethereum, a system like Raiden could solve a serious scalability issue by handling them all simultaneously.Raiden is still under development, but could be implemented with the current version of Ethereum.They expect to have a minimum viable product by the beginning of 2017.ETHNews is commited to its Editorial Policy Like what you read?Follow us on Twitter @ETHNews_ to receive the latest on Raiden Network, Lightning Network or other Ethereum technology news.