Stay up to date on all the latest crypto news from Luna. We’ll keep you informed on all the major events in the crypto world so you can make the best decisions for your investments.
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In the world of cryptocurrency, things move quickly. So it’s no surprise that one of the most popular topics of conversation is what’s happening with the prices of different digital assets.
But there’s more to the story than just the price movements. Here at Luna, we want to keep you up-to-date on all the latest crypto news, so you can be informed about the developments that could affect your investment decisions.
In this post, we’ll recap some of the biggest stories from the past week in crypto.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
The Ethereum Foundation has announced a partnership with blockchain startup Parity Technologies to help boost the Ethereum network. The two organizations will work together on developing Ethereum 2.0, the next version of the Ethereum network that is scheduled to launch in 2020.
Parity Technologies is the company behind the Parity Ethereum client, one of the most popular clients for running an Ethereum node. The company will contribute its expertise in optimizing Ethereum 2.0 for performance and security. The partnership will also help to ensure that Parity’s client is compatible with the new network.
The announcement comes as the Ethereum Foundation is ramping up its efforts to build Ethereum 2.0. The new version of the network is intended to be more scalable and efficient than the current version, which has been struggling to keep up with demand.
Ethereum 2.0 is still in development and has not yet been released. However, the collaboration between the Ethereum Foundation and Parity Technologies is a positive sign for the project’s progress.
In the cryptocurrency world, litecoin is often seen as the silver to bitcoin’s gold. Created by former Google engineer Charles Lee in 2011, litecoin is nearly identical to bitcoin in terms of its technical underpinnings. But there are several key differences between the two digital currencies.
For one, litecoin is designed to be quicker and cheaper to process than bitcoin. While bitcoin faces a theoretical limit of 21 million coins that can be mined, litecoin will eventually max out at 84 million coins.
Another difference lies in the process that builds each cryptocurrency’s respective blockchain, or digital ledger of all completed transactions. Bitcoin uses a proof-of-work algorithm that taxes miners to validate blocks of transactions and prevent fraud. Litecoin, on the other hand, uses a different algorithm that’s known as Scrypt.
Since its launch, litecoin has been one of the most popular digital currencies on the market. It ranks fourth in terms of overall market capitalization behind only bitcoin, Ethereum and XRP, according to CoinMarketCap data.
Bitcoin Cash (BCH) is a cryptocurrency that was created as a result of a hard fork of the Bitcoin blockchain on August 1, 2017. Bitcoin Cash increased the block size from 1 MB to 8 MB so that more transactions could be processed with each block.
Bitcoin Cash is supported by a minority of exchanges and businesses, and its hashrate is significantly lower than Bitcoin’s. Nevertheless, some members of the crypto community believe that BCH is the true heir to Satoshi Nakamoto’s vision for Bitcoin.
On November 15, 2018, the BCH network underwent another hard fork, which resulted in two new chains: Bitcoin Cash ABC (BCHABC) and Bitcoin SV (BSV). BCHABC retained the ticker symbol “BCH” and BSV trades under “BSV.” For more information on the hard fork, please see our guide to the BCH split.
What is Ripple?
Ripple is a distributed network which offers financial settlement services in real-time. The network doesn’t depend on central authorities and allows the seamless transfer of funds in any currency. Transactions are fast, inexpensive and user-friendly.
The native cryptocurrency of the Ripple network is also called Ripple (XRP). It can be used to facilitate cross-border payments and has been designed to offer a superior alternative to existing payment systems like SWIFT.
Ripple was launched in 2012 and has since become one of the largest cryptocurrencies by market capitalization. The company behind Ripple is called Ripple Labs, and its chairman is Chris Larsen.
In conclusion, we can see that the crypto community is flourishing, with new innovative projects emerging every day. The space is still very much in its infancy, and there is a huge amount of potential for growth. We are excited to see what the future holds for Luna and the wider crypto world.