In the traditional Sunday digest, we recall how the outgoing week was remembered. Among the significant events: preparation for Ethereum 2.0, hard forks Istanbul and Berlin, desktop wallet from Telegram, support for the Russian ruble by the Binance exchange and 11 years of white paper bitcoin.
Bitcoin, wake up!
During the week, the price of the first cryptocurrency was in a relatively narrow range - between $ 8960 and $ 9950. The retest of the round mark did not take place.
On the daily timeframe, it can be seen that although the price has overcome the ill-fated MA 200, which has already become support, it has not progressed further. The volumes fall in this case:
The Cryptomist tech analyst doesn’t rule out a fall to $ 7,000, followed by a rebound and a test of the $ 11,000 - 12,000 range. The protracted flat, apparently, fed up with the expert:
“Someone wake Bitcoin. Thank"
Coins from the top ten CoinMarketCap during the week showed different dynamics - Bitcoin Cash, Binance Coin, Stellar and TRON were actively growing. Bitcoin, XRP and Bitcoin SV dipped a bit.
According to Crypto Thies, since the beginning of the yearBitcoin price increased 2.5 times, ETH rate rose from $ 133 to $ 185, and BNB - from $ 5 to $ 20. Among the most capitalized coins, only XRP showed negative dynamics over this period.
From Istanbul to Berlin
While the crypto community is discussing the upcoming Ethereum hard fork called Istanbul, the developers are already quite actively preparing for the large-scale update of Berlin.
PegaSys startup product manager Tim Beiko said the following:
“Given that the ice age is beginning in July, if we want to adopt a new model and launch hard fork on the third Wednesday, then we probably need to update the main network no later than the end of June”
Among the proposals being considered for a future update:
- ProgPoW (EIP-1057), designed to increase the efficiency of Ethereum GPU mining to counter ASIC miners and, accordingly, increase the degree of network decentralization;
- EIP-1380, EIP-2045, EIP-2046 - updates associated with changes in the cost of gas for various operations.
- EIP-1985 - optimization of the Ethereum virtual machine.
Also recently it became known that the developersThe second version of the Ethereum protocol intends to increase the target block size of the shard - from 16 Kb to 128 Kb. According to Ethereum 2.0 coordinator Danny Ryan, thanks to an eight-fold increase in the block, the network throughput with 64 shards will be quite high - about half a billion transactions per day.
Recently, Binance Research researchers came to the conclusion that Ethereum's transition to the Proof-Of-Stake consensus algorithm will more than double the value of the assets involved in staking.
Telegram Desktop Wallet
Telegram developers introduced a desktop wallet for the TON test network for Windows, macOS and Linux operating systems.
Users can get Gram test tokens using a special Telegram bot. This bot credits from 5 to 20 coins, the transaction takes less than a minute.
The beginning of the era of Internet isolation in Russia
November 1, in Russia entered into forceLaw “On Amendments to the Federal Law“ On Communications ”and the Federal Law“ On Information, Information Technologies and the Protection of Information ”. It is designed to ensure the stable operation of the Russian segment of the Internet in case of disconnection from the global network or coordinated attacks.
The provisions of the law provide fornational routing system of Internet traffic, which actually closes it inside the country. To implement the law, Internet providers at the expense of the state will have to install equipment in their networks with the function of deep traffic filtering.
In the event of potential threats, the specific list of which is not specified, a centralized Internet traffic control mode is introduced.
To monitor this activity as part ofthe radio frequency service of Roskomnadzor will create a Center for monitoring and management of the public communications network It will collect information about the infrastructure and available IP addresses of companies, maintain a register of traffic exchange points and, if necessary, adjust the routing of traffic.
Thus, Roskomnadzor receives virtually unlimited powers, and in the event of a malfunction in the system, Internet providers will not bear any responsibility.
According to some reports, for a full installationtechnical means across the country will need about a year. In addition, the effect of the law, which entered into force on November 1, so far will not be directed to the entire territory of the Russian Federation.
Internet providers say that they are "with a high degree of probability ready to enforce the law," but the Russians will not feel any drastic changes from this.
Binance has become even closer to the Russians
The largest spot cryptocurrency exchange Binance has opened the possibility of deposits and withdrawals in Russian rubles.
The service is implemented in partnership with a paymentAdvCash system. When depositing funds from bank cards 3%, the commission is 3%, for withdrawal - 2.5% plus 50 rubles per transaction. For AdvCash wallets, these operations are uncommissioned.
When withdrawing funds to the AdvCash wallet, crediting should take place within a few minutes, for a bank card, the term can be up to 3 days.
In an exclusive interview with ForkLog, the head of the Changpan Zhao exchange called Russia the key and one of the most active blockchain markets.
Also, the other day, the American division of Binance added the ability to purchase cryptocurrency using debit cards.
BitMEX Data Leak
BitMEX, the largest exchange of Bitcoin derivatives, has leaked user data. Some users received emails containing the email addresses of other platform clients.
Representatives of the exchange assured that they took "immediate action" to fix the problem. The scale of the leak has not yet been reported.
It can be assumed that BitMEX employees forgot to put the recipients of the e-mail newsletter in a “blind copy” of the letter, which is why the privacy of users was compromised.
Bitcoin's white paper turned 11
October 31, 2008, a person or group of people underwith the pseudonym Satoshi Nakamoto published / and white paper Bitcoin - the first peer-to-peer payment system in history. Thus began the story of a radically new form of money.
Bitcoin is currently one ofthe most secure computer networks in the world - its computing power is 91.2 EH / s. In addition, Bitcoin has been and remains the most popular cryptocurrency. Its current capitalization is $ 166 billion, and the dominance index is 67.4%.
This week under the heading "Cryptorium"LightningPeach developer Vladislav Budichenko talked about the problems of the Lightning Network technology that prevent it from becoming a full-fledged competitor to the payment giants Visa and MasterCard.
Also this week, in the ForkLog LIVE special project, we talked about supplying bitcoin futures on the recently launched and made a lot of noise platform Bakkt.