The fifth largest by market capitalization () is returning the beginning of January losses as the pair /USD is closing in to the major $2.80 which depending on the standing acted as a clear supportive or resisting level.
Source: – Per time of writing
The speedy jump upwards from$2.35 to $2.75 on the 8th of Feb was a game changer for its market performance. On the daily trend chart, almost all leading coins are experiencing a range bounding movement which per writing is only battled by .
– According to a on Jan. 24th, announced another iteration of its government-sponsored ranking system for the top and their blockchains, once again placing at the head of the pack. Despite it being positioned fifth by m-cap counting $2.5 bln, was able to hold the leading spot in the ranking list drafted by ’s Center for Information and Industry Development (CCID) against other coins that many see as innovative and era-changing.
, second by market cap also held the distinction of the second highest rated by the government organization, with XRP being placed all the way in the 20th spot. ETH’s position remains unchanged from December.
CTO Daniel Larimer said in an interview with Colins Talks Crypto
“Decentralization isn’t what we’re after…What we’re after is anti-censorship and robustness against being shut down.”
– A few days ago, projects like , NEO and which follow a leader-based consensus model and sacrifice decentralization for speed, took a direct hit from the founder of [the crypto considered the pioneer to the smart contract concept] Buterin who called the coins pile of trash that make a big thing out of their trx volume:
“When a project claims ‘We can do 3,500 TPS because we have a different algorithm,’ what we really mean is ‘We are a centralized pile of trash because we only have 7 nodes running the entire thing.’”
According to Buterin, there are good, legitimate ways to make a fast by working on layer one and layer two scaling solutions.
Published at Tue, 12 Feb 2019 18:12:23 +0000
