Bitcoin blocks just hit an all-time high of a 1.3MB average block size
Bitcoins daily average block size made a new all time high recently at 1.3 MB per block. This is made possible by certain BTC scaling solutions like SegWit, as well as continued demand for the network. Just three months ago, Bitcoin blocks were only 1.2 MB in size, and six months ago Bitcoin blocks were 1.1 MB in size. With SegWit adoption recently hitting all-time highs, Bitcoin is continuing to accommodate more transactions while keeping network fees near all-time lows. Continued efficiency in packaging on-chain transactions is only one of Bitcoin's recent accomplishments. Off-chain transactions on Lightning Network are also continuing to grow rapidly, as Lightning Network development begins to bear fruit in the form of early consumer applications and games. This posting was first seen by us on 2019-02-14 16:20:53. Share this content on social media: Mentioned assets BTC, TCN. See www.longhash.com for additional posts. Leave a Comment
99% of all Bitcoin owned by 8.6% of wallets. This is up from 6.5% of wallets in 2017. BTC wealth distribution continues to improve.
An upsurge in activity among long-dormant Bitcoin wallets in the last quarter of 2018 has weakened the power of so-called whales, increasing the supply of actively traded coins. LongHash spoke with Eric Stone, head of data science at Flipside Crypto, to get his thoughts on the reactivation of large Bitcoin accounts. Can you summarize the key findings of Flipside Crypto's research on the activity of long-dormant Bitcoin accounts At the moment, 8.59% of non-empty Bitcoin wallets collectively own 99% of all the Bitcoin supply. This is up from 6.7% in November 2017 just prior to the big run-up toward $20,000 and is the highest we've seen, exceeding the previous high of 8.56% in January 2016. This posting was discovered by us on 2019-02-13 17:11:29. Share this content on social media: Related assets may include BTC, TCN. Have a look at www.longhash.com for complete listings from this source. Leave a Comment
Bitcoin daily tx volume is greater than all other top 10 coins combined!
In the beginning, there was only Bitcoin. Now, there are thousands of altcoins vying for a spot on the frontpage of the crypto asset charts. However, none of these newcomers have been able to come close to Bitcoin in terms of practically any measurable data point. For example, Bitcoin still processes more US dollar-denominated transaction value per day than all of the other top ten crypto assets combined, according to Coin Metrics. Here are the 30-day averaged adjusted transaction volumes for the top ten crypto assets ranked by market cap as of January 16th: Combined, the non-Bitcoin crypto assets in the top ten process $1.19 billion worth of estimated transactions per day. This posting was retrieved by us on 2019-01-22 20:10:53. Share this content on social media: You may be interested in these cryptocurrencies : BTC, TCN, DAI, ION. Have a look at www.longhash.com for more. Leave a Comment
Peru's LocalBitcoins tx volume is up 250% in the last year. Iran's tx volume is up over 200%.
People all around the world use the peer-to-peer exchange LocalBitcoins to buy or sell Bitcoins for cash. LocalBitcoins data can thus offer valuable insights into global crypto trends. As you can see in the chart below, in 2017, LocalBitcoins trading was dominated by just three countries. The United States, China, and the United Kingdom accounted for 61% of the global LocalBitcoins trading volume. But 2018 has been quite different. Where just three countries controlled more than half the market in 2017, that same chunk was split among five nations in 2018: the United States, China, the United Kingdom, and newcomers Venezuela and Nigeria. (Note: the slice labeled "Europe" in the chart below refers to Eurozone countries, which were counted together in this data set due to the fact that they share a single currency, but are still separate nations for the purposes of our analysis.) This item was found by us on 2019-01-16 15:28:01. Share this content on social media: Related assets may include BTC, TCN. Visit www.longhash.com to find more similar content. Leave a Comment
How Ethereum Measures Up to the Stock Market - Longhash
One common complaint about Ethereum, a global computing network, is that its transaction time is just too slow. Some have compared Ethereum blockchain to Visa, for example, pointing out that the former processes 15 transactions per second while the latter does more than 45,000. Ethereum's speed in hindered by the fact that there is a limit to the the number of computations per block. A skeptic would say that this slow transaction time proves that Ethereum is insufficient as a payment platform. An optimist, on the other hand, would argue that this is just the beginning, and there's plenty of room to scale. This share was first found by us on 2019-01-16 14:01:55. Share this content on social media: You may be interested in these cryptocurrencies : ETH, ARK. See www.longhash.com for more from this source. Leave a Comment
Bitcoin transactions are up over 50% in the last 6 months
One statistic that provides some insight is the number of transactions that occur each day. The amount of Bitcoin transactions actually increased by around 54% in the last six months. On January 14, 2019, Bitcoin processed over 326,500 transactions according to BitInfoCharts. Exactly six months ago on July 14, 2018, the amount of daily Bitcoin transactions was just shy of 176,350. As our chart shows, this 176,350 transaction figure was actually during somewhat of a high point during this period of time. A few days later on July 22, there were less than 166,950 Bitcoin transactions. There are, however, factors that muddy this statistic. One is a scaling solution known as batching, which lumps together transactions in order to place less strain on the blockchain. As batching becomes increasingly common, the actual amount of Bitcoin transactions occurring could be higher than the amount of individual transactions that are recorded on the blockchain. This posting was discovered by us on 2019-01-16 05:21:24. Share this content on social media: Related crypto assets may include BTC, TCN, ION. Visit www.longhash.com for more from this source. Leave a Comment
Bakkt approval date delayed until April due to US gov't shutdown!
According to information obtained by Longhash, the US government shutdown has already created problems in the world of crypto. Bakkt, a platform for using and trading crypto owned by global financial markets company Intercontinental Exchange (ICE), has postponed its launch until the spring due to the shutdown. The shutdown will also stymie the planned launch of a new Bitcoin Exchange Traded Fund (ETF) by fintech firm SolidX Partners. The Bakkt delay is due to the fact that the company requires the approval of the US's Commodity Futures Trading Commission (CFTC). According to information obtained by Longhash, the shutdown has moved that approval date back to April. This entry was found by us on 2019-01-15 06:23:55. Share this content on social media: Related crypto assets may include CHX. Browse www.longhash.com to find more similar content. Leave a Comment
Winklevoss Twins see Bitcoin surpassing gold market cap - with the right regulations in place
In a discussion with Fortune this week, Tyler and Cameron Winklevoss expressed their belief that Bitcoin could overtake gold's place in the market should the right regulatory environment emerge. The Winklevoss twins are, of course, major players in the current cryptocurrency landscape. The pair was previously reported to be the world's first Bitcoin billionaires. Together, they own Gemini, a cryptocurrency exchange. It is no secret that the Winklevoss twins are champions of regulation. Headquartered in New York, Gemini is often advertised as an outwardly regulatory-compliant crypto exchange. In fact, their recent Revolution Needs Rules campaign echoed this sentiment with a full-page ad in the New York Times. This information was found by us on 2019-01-14 16:05:31. Share this content on social media: Mentioned assets ION, TCN, INK, BTC, ARK, WINK. See www.longhash.com for more similar content. Leave a Comment
10% of Stellar addresses do more than 10 transactions per month
Airdrops -- sending free tokens to users blockchain addresses -- can be a powerful crypto marketing tool. Done right, they can build brand awareness, foster community, and kick-start a new token economy. In 2017, a blockchain startup called OmiseGO launched a batch of airdrops. Hoping to spread their token widely and give something back to the Ethereum community, OmiseGo decided to airdrop tokens to ETH holders with an account balance of above 0.1 ETH, even if those people hadn't requested or even heard of OmiseGO tokens. Since then, many token projects have replicated the OmiseGO model. But does this popular approach actually work Many people who receive an airdrop invitation treat it as spam. Others may accept it but still have no interest in using the tokens they receive. Giving away tokens to users who ignore them isn't an effective community-building strategy. This post was obtained by us on 2019-01-11 06:43:06. Share this content on social media: You may be interested in these cryptocurrencies : XLM, ION. See www.longhash.com for additional posts. Leave a Comment
There were 411 major crypto conferences in 2018. More than one per day for the entire year!
It is often said that conferences are blockchains most visible real-world application. All over the world, industry types get together to share their thoughts, network, or promote their products. The conference craze shows no sign of stopping, even in a bear market. Despite the price of Bitcoin and other cryptocurrencies plunging in 2018, there were as many as 411 conferences related to cryptocurrencies and blockchain technology, according to findings from Bitcoin Market Journal. In other words, there were more cryptocurrency-related conferences than there were days in the year. Several of the listed events were projected to have 5,000 attendees or more. Some of the conferences that anticipated this level of attendance include MoneyConf, Blockchain World Conference, Dubai International Blockchain Summit, Malta Blockchain Summit, and the Blockchain & FutureTech Expo. Many other blockchain and cryptocurrency conferences, on the other hand, hosted far fewer guests. Our previous data analysis found that in the world of meetups, at least, lower Bitcoin prices correlated with fewer attendees. This article was found by us on 2019-01-07 15:37:03. Share this content on social media: See www.longhash.com for more. Leave a Comment
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