Crypto Community Weighs In on ‘Creating a Better Bitcoin’ Debate as Academia Tout Latest Findings

2019-1-20 20:31

A few days ago, news spread regarding the possibility to create a new Bitcoin (BTC), or at least, a better virtual currency. However, Bitcoin has been working for more than ten years and it seems that it will keep operating in the future with new implementations and improvements.

Apparently, there are some University professors around the world that want to create a new digital currency which is backed by Credit Suisse and Pantera Capital. The Unit-e crypto will be launched this year and it might be able to process 10,000 transactions per second (TPS). This is more than five times faster than Visa, that processes 1,700 TPS on average. However, VISA can reach more than 45,000 TPS.

In order to process this large amount of transactions per second, the investigators tried to improve blockchain technology. However, there is no information about nodes or mining activities on the report released by the non-profit organization founded by the professors called Distributed Technologies Research. This non-profit is based in Switzerland.

Bitcoin has been growing in a competitive digital currency market during the last 10 years. It has been improved and developers behind it are trying to improve it and enhance it even further. At the same time, Bitcoin has thousands of miners and nodes distributed all over the world. Although Bitcoin continues to grow, there are several companies and projects that are trying to create a better version of Bitcoin.

In the future, Bitcoin will be improved with the Lightning Network (LN) which is going to allow the network to reach millions of transactions per second and reduce the congestion in the Bitcoin blockchain. Additionally, these transactions are going to be processed for very low fees.

Although the product can be technologically superior, this does not guarantee success for this project. Indeed, there have been several new technologies that were not adopted all over the world.

The Unit-e might not be able to succeed as they are expecting. Bitcoin has been embraced not only as a digital asset but also as a way to be against current governments and central banks. Additionally, enthusiasts use Ethereum (ETH) for smart contracts or Monero (XMR) for private transactions.

At the time of writing, Bitcoin is being traded around $3,600 and it has a market capitalization of $62.95 billion. In the last 24 hours, it lost almost 4% of its value.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66133.41 (+0.26%)
Объем 24H $36.804b
Изменеия 24h: 3.04 %, 7d: 8.09 %
Cегодня L: $65723.56 - H: $66525.69
Капитализация $1302.767b Rank 1
Цена в час новости $ 3612.05 (1730.91%)

bitcoin better new seems years working ten

Источник: bitcoinexchangeguide.com

bitcoin better → Результатов: 126


Фото:

This Is Why Ripple Co-Founder Chris Larsen Believes XRP Is A Better Bitcoin

XRP’s future, has for better or worse, almost always been defined by bitcoin’s (BTC) trajectory. However, the co-founder and executive chairman of Ripple, Chris Larsen believes the third-ranked cryptocurrency in the world is a better version of bitcoin as it has been able to resolve some of the ongoing pains of the OG cryptocurrency. The […]

2020-5-7 15:50


Фото:

Opinion: Stop Trying To Build a Better Bitcoin

A team of professors from top US universities have come together to create a new globally scalable decentralized payments system. But with Bitcoin already proving to work as intended for ten years running, would a ‘better Bitcoin’ even stand a chance? MIT and Standford Professors Developing Unit-E The professors formed a non-profit foundation based in Switzerland, called Distributed Technologies Research, backed by Credit Suisse and Pantera Capital.

2019-1-19 13:00


CFTC Chairman Thinks More Bitcoin Surveillance and Crypto Enforcement is Necessary

In order to have a better enforcement and surveillance of cryptocurrency products, the Commodity Futures Trading Commission will have to spend more on technology, says CFTC Chairman Chris Giancarlo. According to the CFTC’s interpretation, the term “virtual currency” incorporates any digital representation of value that functions as a medium of exchange, as well as any […]

2018-8-19 21:04


Фото:

CryptoOracle Co-Founder: Bitcoin Is Functionally Better Than Gold

“Some Gold Users Will Likely Switch To Bitcoin” Gold is one of the most valuable metals on Earth, with humans finding value in such an element for thousands of years. Over the course of gold’s history, it became a great way for individuals and groups to store value across a variety of settings, countries, and […] The post CryptoOracle Co-Founder: Bitcoin Is Functionally Better Than Gold appeared first on Ethereum World News.

2018-8-19 02:23


PR: Contentos Launches Public Content Chain

Contentos (COS) hosted its ‘Mastering your creativity with COS’ event at Andaz Hotel in Tokyo as part of a global tour. The event attracted major industry executives, including LiveMe CEO Yuki, Ontology founder Li Jun, Danhua Capital partner Selina, COS cofounder Mick, Blockshine CEO Daniel Zhang, Coinbase chief investment officer Ling, DAD Japan head Leslie Wu, PhotoGrid head of products Angela, and Cheez head of operations Wang Xinyuang.

2018-8-18 12:30


Фото:

Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis)

This time yesterday it appeared that all was lost, as Bitcoin price slipped within $100 of the current 2018 low. Then something unexpected occurred. Perhaps shorts got squeezed out of their loftily precarious positions or was it Tether’s newly minted $130 million USDT that saved the day? Bitcoin Price Market Overview Bitcoin  spent the better part of the day fighting off bears and the cryptocurrency managed to post an impressive 10% gain as it briefly Read More The post Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis) appeared first on Bitcoinist.com.

2018-8-16 13:00


Фото:

AMA With Origin Team Reveals Plans for Decentralized Sharing Economy

Matt Liu, Josh Fraser and former PayPal head Yu Pan want to bring the blockchain to the sharing economy. The trio is devising a platform with an emphasis on inclusive, peer-to-peer service hubs designed to decentralize the same consumer cost-friendly business models that have made companies like Airbnb, Uber and Lyft so popular in recent years.

2018-8-16 23:25


Фото:

Campaign To Find The “Real” Satoshi Garners $70,000 USD In Crowdfunding

The true identity of Satoshi Nakamoto, the creator of Bitcoin, has been a heavily contested topic in the cryptocurrency community for the better part of a decade. Even though Satoshi has since faded into the shadows, with some classifying him as somewhat of a legend, many still seek to find out who he, she, or […] The post Campaign To Find The “Real” Satoshi Garners $70,000 USD In Crowdfunding appeared first on Ethereum World News.

2018-8-13 22:30


Bitcoin Drags Further Below $6,500; Are Investors Just Overreacting ?

On Wednesday bitcoin prices were averaging at $6,500 for the better half of the day but towards the evening, it proved that it couldn’t hold up as it dragged further below to reach around $6,200. The good news- if they can be called so- is that the rest of the market has held up and […] The post Bitcoin Drags Further Below $6,500; Are Investors Just Overreacting ? appeared first on ZyCrypto.

2018-8-9 12:20


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum's latest buy signal - Are ETH whales buying yet?

Ethereum’s exchange reserves hiked over the past week Most metrics suggested that ETH might continue to rally  The crypto-market has turned bullish over the last 36 hours, allowing most cThe post Ethereum's latest buy signal - Are ETH whales buying yet? appeared first on AMBCrypto.

Arcblock crypto jumps 64% in one month: Is $4.12 next?

Arcblock crypto’s price has increased by 64% in the last 30 days. Bullish pressure is significant in the token’s market. ABT, the native token of Arcblock crypto, a platform designed to The post Arcblock crypto jumps 64% in one month: Is $4.12 next? appeared first on AMBCrypto.

Ethereum ETF chances 'slim to none' as SEC considers ETH 'security'

SEC could reject spot ETH ETF application based on ‘security’ status. Mixed feelings on possible SEC’s rejection grounds as ETH price dropped.  The US SEC (Securities and Exchange ComThe post Ethereum ETF chances 'slim to none' as SEC considers ETH 'security' appeared first on AMBCrypto.

Bitcoin, Ethereum underperform as crypto market remains bearish

Bearish sentiment dominated the crypto market. BTC and ETH led the bearish sentiment with their poor price trends. While holders of certain meme coins may be celebrating significant gains inThe post Bitcoin, Ethereum underperform as crypto market remains bearish appeared first on AMBCrypto.