Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins

Blockchain startup Blockstack has revealed the company is in the midst of developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network. Not only is the Stacks network secured by over 45 exahash of distributed hashrate, but its consensus algorithm also burns BTC by … Read more

The Wrapped Bitcoin Project Has Officially Launched on Ethereum

On Jan. 30, a group of cryptocurrency developers and organizations officially launched a project called Wrapped Bitcoin (WBTC) on the Ethereum network. The ERC20 token is a coin backed by bitcoin core (BTC) reserves and has started trading on several exchange platforms. Also read: A Look at Openbazaar’s Multi-Currency Wallet and Vendor Listings The Introduction of … Read more

Top 5 Ethereum dApps by Volume – 2018 Week 5 Edition

The world of cryptocurrency seems to primarily revolve around distributed applications or dApps. Numerous ecosystems are competing for mainstream traction in this regard. The following six applications prove to be extremely popular on the Ethereum network. Even so, all of them cater to a very niche market at this time. IDEX (Decentralized Exchange) There is … Read more

Ethereum Price Watch: Currency Set to Slide Under the $100 Threshold?

At press time, Ether, the world’s third-largest cryptocurrency by total market capitalization is hovering just above the $100 mark at a price point of $105.96. This showcases yet another price drop of around 4.45% for ETH since yesterday afternoon, a time when the premier asset was trading for $118. As a result of this, Ether’s … Read more