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Basic Attention Token Price Surpasses $0.28 but Uncertainty Remains

Basic attention token price surpasses $0. 28 but uncertainty remains

Basic Attention Token Price Surpasses $0.28 but Uncertainty Remains

Basic attention token price surpasses $0. 28 but uncertainty remains

It is evident the coming weekend will prove rather interesting when it comes to Bitcoin and all of the alternative markets. Further down the rankings, however, it seems the Basic Attention Token price is getting a lot of attention. Its most recent uptrend has made traders a lot of good money this afternoon, yet it remains to be seen if this momentum is still in place 24 hours from now.

Basic Attention Token Price Shows Signs of Life

Not too many people will be surprised to learn bitcoin’s minor promising spell also bodes well for the alternative markets. Altcoins heavily rely on bitcoin’s price momentum, although some try to do their own thing at all times..Basic Attention Token falls into this latter category more often than not. Traders claim that is also one of its core strengths under these market circumstances.

To be more specific, the Basic Attention Token price has gained 16.7% in USD and BTC value today, as well as nearly 16% over Ether. The current value sits at $0.282477, or 6,901 Satoshi. Both of these levels seem rather peculiar as they are on the halfway point between the current support and next resistance levels. With the weekend on the horizon, very interesting momentum could materialize.

There are always some developments taking place behind the scenes which are worth keeping an eye on. The Brave team has launched a new community hub for the Basic Attention Token news, information, and so forth. Platforms like these can help improve upon the current BAT adoption rate, although there is always plenty of work to be done regardless.

Additionally, it would appear the Brave team has also begun introducing BAT rewards for Android users. Although this is still a beta feature at this time, it is a pretty interesting change altogether. Given how many people use a browser on their mobile device, it seems to be a big step in the right direction.

Chart watchers will not necessarily be too keen on what is happening to BAT at this time. Although there is a very strong uptrend in place, it also seems like this can collapse in an hour from now. Basic Attention Token struggles to maintain momentum every single time it goes up, thus it seems unlikely this time will be any different.

As is always the case when the weekend looms on the horizon, it remains to be seen what will happen to bitcoin. Those potential changes will also impact the Basic Attention Token trend for better or worse. As such, there will be plenty of exciting momentum to look forward to. No miracles will materialize by any means, but there could always be some surprises.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Image(s): Shutterstock.com

Published at Fri, 29 Mar 2019 20:17:13 +0000

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Bitcoin Lightning Network Is Coming: Test a Transaction Now

Although bitcoin has managed to gain credibility and legitimacy in the financial world, skyrocketing transaction fees and long transaction times are becoming an increasingly severe handicap. The good news is that developers are making progress towards the bitcoin Lightning Network (LN) implementation. LN promises to reduce bitcoin’s transaction fees dramatically, and achieve near-instant transactions. You can test a bitcoin LN transaction right now.


Lightning Network Promises to Reduce Transaction Costs and Confirmation Delays

bitcoin users are unhappy about the high costs of transaction fees. bitcoin average transaction fees have spectacularly surged from about $0.69 USD in January 2017, to over $28 USD on December 18, as shown in the chart below. BitInfoCharts provide this chart.

Lightning Network Promises to Reduce Transaction Costs and Confirmation Delays

Moreover, the bitcoin network traffic has become clogged due to the rising demand for transactions per block. As a result, confirming bitcoin transactions is taking an extremely long time. Bitpay explains:

Block sizes are limited, so this means that transactions which exceed the capacity for a block get stuck in a queue for confirmation by bitcoin miners. This queue of unconfirmed transactions is called the bitcoin mempool.

Now, bitcoin enthusiasts and cryptocurrency experts are centering their hopes on the LN approach to reduce transactions fees and long time-delays.

Solving bitcoin Scalability Problem

Solving Bitcoin Scalability Problem

The bitcoin Lightning Network is essentially a decentralized system where users can set up trustless micropayment channels to conduct one or multiple payment transactions off-blockchain.

These channels reside outside the bitcoin blockchain. However, once the payment channel is closed, the transactions that occurred between the channels are then broadcast, as a single transaction, to the main blockchain network. Thus, no matter the number of micro-transactions conducted, the blockchain is accessed only twice, when the channel is opened and when the channel is closed. Obviously, this approach would significantly reduce the load on the blockchain.

Presently, three teams are independently working on the LN implementation: ACINQ, Blockstream, and Lightning Labs. In early December 2017, they announced that their respective systems had completed payment tests on the main bitcoin network. Moreover, these tests achieved interoperability across all three implantations.

Right now, to educate potential LN users, the website https://htlc.me/ allows you try a testnet bitcoin LN transaction. Reddit user Nabugu provides the details of the test here.

As demand for bitcoin continues to grow, transaction costs and time delays are bound to get worse. However, many bitcoin enthusiasts and experts are excited about LN. For example, Ryan Radloff, co-founder, and principal at CoinShares, explicitly told CNBC that LN was the solution, adding:

[LN] is a technological implementation that, later this year, is going to solve this [problem], and we’re very excited about that.

What do you think would be the impact on the cryptocurrency ecosystem when bitcoin Lightning Network starts allowing users to make cheap micropayments at near-instant speed? Let us know in the comments below.


Images courtesy of AdobeStock, ACINQ, BitInfoCharts

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