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Bitcoin [BTC]: Post-bull run BTC transactions on a decline, signs of slowing down?

Bitcoin [btc]: post-bull run btc transactions on a decline, signs of slowing down?

Bitcoin [BTC]: Post-bull run BTC transactions on a decline, signs of slowing down?

Since bitcoin began its touted bull run on the back of a massive April ascendance over $5,000, positive signs for the entire market began sprouting. Altcoins saw a massive rise as the king coin’s market dominance rose above 60 percent and the transaction fees grew over eight times compared to its peers.

With these buoyant signs, collective swings and imminent catalysts, the number of bitcoin transactions has not fared so well. The frequency of transactions increased prior to the beginning of the bullish swing in April, up from a low of under 250,000 to close to 400,000, which maintained till the close of the month.

At the beginning of May, the transactions spiked to over 452,000, albeit for a couple of days only following a drop to under 350,000. The flatline formed around the 400,000-mark following the transactions count of April has not been breached in the past two months, not considering the May rise to 452,000.

The same was pointed out earlier by Longhash, the cryptocurrency research and analytics hub, which alluded to the ‘flatline’ placed at 400,000 and the early May exception. A chart added to the research referred to the transactions as having “stagnated”.

Bitcoin [btc]: post-bull run btc transactions on a decline, signs of slowing down?

Source: Twitter

On the flipside, confirmed bitcoin transactions in late-April, when the price was below $6,000, hit levels not seen since January 2018, when the recorded BTC price was well over $10,000. A Longhash report detailing the same drew a correlation between the price and confirmed transactions, stating:

bitcoin’s confirmed transaction count often spikes at roughly the same time that prices spike, although there isn’t always a direct relationship between what the price is doing and what how many daily transactions are processed.”

With the bitcoin pullback, caused by a host of factors, market correction, the close of Consensus 2019 and even a large sell order on Japanese crypto-exchange Bitstamp, the number of transactions dropped from 390,000 to 360,000 on May 17. However, the lowest transaction count for this month was at 322,000, recorded on May 10.

The post Bitcoin [BTC]: Post-bull run BTC transactions on a decline, signs of slowing down? appeared first on AMBCrypto.

Published at Sun, 19 May 2019 13:57:00 +0000

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Virtual Reality Business Networking on The Blockchain

Shares Per Hour, better known as SPH, takes business networking to the next level using the innovation of virtual reality (VR) and blockchain technologies.

[Note: This is a press release.]


You’re probably familiar with LinkedIn, if not, it’s a site where professionals can connect & network with each other through a website and mobile app. These current web and mobile app based services are fast becoming hard to use and outdated. SPH brings new life and excitement to the world of “Business Networking”, incorporating distributed technology that brings people closer together than ever before.

The improvements come from utilizing the three leading technologies in computer science: VR; Blockchain and Artificial Intelligence. Let’s take a more in depth look at how these breakthrough technologies aid in improving coordination, leading to increased productivity and time savings for businesses and everyday life.

Virtual Reality (VR) Virtual Reality Becomes the New User Experience (UX)

Shares Per Hour demonstrates the power of a deeply immersive work space. No longer are you limited to the size of a computer screen or mobile phone. Now your entire field of vision is accessible and functional. Don’t worry about access to your legacy desktops and cell phones, you still have them right there in the virtual office space of your choice.

There’s no need to pull your cell phone out of your pocket, instead, you can instantly see your phone’s screen and resize it however you like in futuristic holographic representations right in virtual reality. The same goes with your desktop screen and even your team members computer screens. Instantly teleport over to your co-worker’s office to collaborate, even at the virtual beach.

SPH expands much further into the VR immersive user experience but we will first explain the foundation that Virtual Reality will sit on, distributed ledger blockchain technology.

Blockchain Allows SPH to Progress Past a Simple Business Networking Project

The blockchain enables smart contracts to be created between parties. After negotiating a deal in the virtual world, users can close the deal with a “virtual hand shake” backed up by a smart contract running on the blockchain. Secure “per hour” payment plans can be set up in place between users.

User studies have shown “per hour” deals are the quickest to close and begin, Workers actually receive payment every hour, in real time, which aids in the workers’ confidence. Employers are protected through the collaborative UX and the reputation system. We will talk more about this in the artificial intelligence section.

Artificial/Virtual Intelligence (AI/VI)

A great thing about the blockchain is the ability to source it for data, collecting and analyzing this public data for future use. Sourcing data is key to creating a useful AI. A top SPH feature using AI is the VR hiring agent or what some people might call a VR head hunter. This is where users go through a more personal and immersive experience describing themselves and their ambitions to a virtual hiring agent who can aid in determining where they best fit into the digital work force.

The same process happens with employers. In the end, AI/VI algorithms are used to match employees and employers together and schedule interviews. AI is not used to do smart contracts between users. Users interact with each other in the virtual world and come to agreements. AI is used to save time and the human interaction is used to make final confirmations on business networking agreements.

For More Information

If you would like to learn more about SPH, visit the official website: https://SharesPerHour.com.

Read the in depth technical blackpaper or view the friendlier overview and demo videos. The ICO token sale is currently under way. It’s free to join the website. We strongly recommend joining the website since registration for the website will close 72 hours prior to the end of the ICO. Only previously registered members will be allowed to participate in the ICO during the last 72 hours.


Images courtesy of Shares Per Hour

The post Virtual Reality Business Networking on The Blockchain appeared first on Bitcoinist.com.

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