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Text Content

   
 * Bitcoin Bitcoin
   News Price Technical Analysis Chart Education Discussions Live Updates All
   
   
 * News News
   
   Bitcoin Ethereum Altcoins Cryptocurrencies All
   Bitcoin Ethereum Altcoins Cryptocurrencies All
   
   NEWS
   
   Nothing Alarming About Split of Bitcoin
   
   Jul 25, 2017      0
   
   What? Bithumb, Fourth Biggest Digital Currency Exchange Hacked?
   
   Jul 06, 2017      0
   
   Phoenix: New Digital Currency With Intrinsic Value
   
   Jul 06, 2017      0
   
   Ethereum Looks Set To Surpass Bitcoin In Market Cap
   
   Jun 17, 2017      0
   
   BITCOIN
   
   Nothing Alarming About Split of Bitcoin
   
   Jul 25, 2017      0
   
   What? Bithumb, Fourth Biggest Digital Currency Exchange Hacked?
   
   Jul 06, 2017      0
   
   Ethereum Looks Set To Surpass Bitcoin In Market Cap
   
   Jun 17, 2017      0
   
   Litecoin Alternative To Bitcoin Considering Transaction Costs?
   
   Apr 13, 2017      0
   
   ETHEREUM
   
   Ethereum Looks Set To Surpass Bitcoin In Market Cap
   
   Jun 17, 2017      0
   
   Bancor Crosses 140 million, Was it a Good Deal?
   
   Jun 16, 2017      3
   
   Ethereum Under EXP Attack After Hard Fork
   
   Oct 19, 2016      0
   
   Ethereum Faces Hard Fork Yet Again
   
   Oct 18, 2016      3
   
   ALTCOINS
   
   Phoenix: New Digital Currency With Intrinsic Value
   
   Jul 06, 2017      0
   
   Ethereum Looks Set To Surpass Bitcoin In Market Cap
   
   Jun 17, 2017      0
   
   Bancor Crosses 140 million, Was it a Good Deal?
   
   Jun 16, 2017      3
   
   Poloniex Delists Coins Like BBR, BITS, IOC, MYR, RBY, SDC and Others
   
   Apr 19, 2017      0
   
   CRYPTOCURRENCIES
   
   Nothing Alarming About Split of Bitcoin
   
   Jul 25, 2017      0
   
   What? Bithumb, Fourth Biggest Digital Currency Exchange Hacked?
   
   Jul 06, 2017      0
   
   Phoenix: New Digital Currency With Intrinsic Value
   
   Jul 06, 2017      0
   
   Bancor Crosses 140 million, Was it a Good Deal?
   
   Jun 16, 2017      3
   
   
 * Cryptocurrencies Cryptocurrencies
   
   CRYPTOCURRENCIES
   
   Nothing Alarming About Split of Bitcoin
   
   Jul 25, 2017      0
   
   What? Bithumb, Fourth Biggest Digital Currency Exchange Hacked?
   
   Jul 06, 2017      0
   
   Phoenix: New Digital Currency With Intrinsic Value
   
   Jul 06, 2017      0
   
   Bancor Crosses 140 million, Was it a Good Deal?
   
   Jun 16, 2017      3
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SKRAPS – MAKING CRYPTO INVESTING EASY AND ACCESSIBLE


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 Dec 20, 2017

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NOTHING ALARMING ABOUT SPLIT OF BITCOIN

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   Low 60220.2 High 63521.1 Open 63052
   
   
   Note: Prices may not be accurate at all times.
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   Bitcoin In Market Cap Jun 17, 2017 Bancor Crosses 140 million, Was it a Good
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LITECOIN ALTERNATIVE TO BITCOIN CONSIDERING TRANSACTION COSTS?

 * By Prachi Desai
 * Posted on Apr 13, 2017





--------------------------------------------------------------------------------




Being the leader in the field can make the other players feel a bit crushed.
Bitcoin is dominating the cryptocurrency field but users are beginning to
consider other cryptocurrencies like Litecoin for another reason. The fees!

The bitcoin fees are rising and this caused the open-source market OpenBazaar to
check for other online currency options. The design lead Mike Wolf has begun to
work out the details of using a multi-currency platform for the users to ease
the burden of the bitcoin fees.


AWAIT THE FEEDBACK

OpenBazaar is an online platform for buying and selling and it does not have
accounts, restrictions, or fees. Once they layer multiple currencies into the
payment platform there is hope that the new currencies will ease the fees. The
design team is waiting for feedback from the users whether the idea is good and
if there will be a positive effect due to this. They also want to know which
coins will be of most use.

Of the 443 votes cast on the poll, “Should OpenBazaar open its doors to multiple
currencies?” 87% went in favor of ‘Yes’. Wolf said that depending totally on
bitcoin will not be entirely practical. The accent should be to keep the
OpenBazaar fees as low as possible, he said.


FEASIBILITY OF USING MANY CRYPTOCURRENCIES

In the video presentation, he showed one vendor that accepted many different
cryptocurrencies such as Zcash, Litecoin, and bitcoin. They also accepted
Monero, Dash, and Ethereum. He also wanted Litecoin developers to help him with
the integration process.


RESPONSE FROM LITECOIN

In response, Charlie Lee, the Litecoin creator said that he arranged for a
developer to work with OpenBazaar. Lee said that interoperability with various
other cryptocurrencies should help in bringing the costs down. The amount of
Litecoins was now over $10 million.

He wanted SegWit to operate on both the bitcoin and the Litecoin. Since SegWit
has good transaction malleability it could help online transactions. With the
present 1MB size of the blocks, it is possible to build both the Lightning
network on top of Litecoin and SegWit on bitcoin and service over 500 million
users.

Lightning network allows two networks to interoperate and has higher fees for
bitcoin. So, users will have to opt for the Litecoin since this has lower fees
and then go back to bitcoin. This was a hypothetical use case and one would not
know until it was fully operational whether this kind of dealing will prove
economical or not, said Lee.

 * Bitcoin Future
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AUTHOR DETAILS


PRACHI DESAI

 * 
 * 
 * 

Prachi is a keen follower and has a lot of experience in the market strategies
and technical analysis. She follows the Forex market, commodities and
Cryptocurrencies like BTC & ETH.


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Featured Story


ETHEREUM TO OUTPACE BITCOIN

Prachi Desai
Jul 12, 2017
Social Reach

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NOTHING ALARMING ABOUT SPLIT OF BITCOIN

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ETHEREUM LOOKS SET TO SURPASS BITCOIN IN MARKET CAP

PHOENIX: NEW DIGITAL CURRENCY WITH INTRINSIC VALUE



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