Eleven years after Bitcoin’s genesis, the world is still waiting for the blockchain revolution: word of its quality as a store of value has long since got around in non-crypto circles. But the big killer apps based on blockchain are still a long time coming. This is partly because Ethereum is still the basis of most decentralized applications (dApps). The second largest crypto network by market capitalization launched in 2015 as the first blockchain capable of running programs. Can Polkadot (DOT) bring blockchain technology to mainstream?

Teething problems that Ethereum gnaws at to this day, including: Above all, the lack of scalability has repeatedly proven to be a bottleneck for the success of decentralized apps based on Ethereum. The decentralized financial services (DeFi) branch that flourished this year is a dramatic demonstration of the overuse of Ethereum. The network charges have risen to a record level due to the high demand. If you have to pay high double-digit dollar amounts in gas fees to exchange ether for one of the currently popular DeFi tokens, small investors in particular quickly lose their interest in DeFi.

Ethereum 2.0 is supposed to help. Phase 0 could start this year. However, according to Ethereum co-founder Vitalik Buterin, a few more winters should pass before Eth2 is fully functional.

Gavin Wood, another co-founder of Ethereum and former CTO of the Ethereum Foundation, recognized early on that Ethereum 2.0 is making slow progress. And so he launched a new project to put the vision of a decentralized “Web 3.0” into practice: Polkadot.

Relay chain, parachains and bridges : this is how Polkadot works

In contrast to Bitcoin or Ethereum (1.0), Polkadot does not rely on a single blockchain, but on several that run hierarchically above or next to each other: The Polkadot protocol is entirely dedicated to interoperability – the cross-blockchain interaction of different networks.

The heart of Polkadot is the relay chain. It is the glue that holds all the networks connected to Polkadot together. The relay chain has interfaces (“slots”) that other networks can use to “dock” to Polkadot. So-called parachains are used here. These are specialized blockchains (or other data infrastructures) that focus on a single area of ​​application (e.g. IoT, financial services, insurance or gaming).

The bridges are a special case of parachains. As the name suggests, these are bridges that link the Polkadot network with other large blockchains – above all Bitcoin and Ethereum. This creates new opportunities to bring Bitcoin units to Ethereum in tokenized form. In this way, Bitcoiners can let their BTC „work for themselves“ in the Ethereum-based DeFi space, for example.

While Ethereum 2.0 and Polkadot share some fleeting similarities, we believe that their end goal is radically different and that rather than competing with each other, the two protocols are likely to co-exist in a mutually beneficial relationship for the foreseeable future

Polkadot white paper

Substrates: the blockchain construction kit

With Substrate, Polkadot also offers developers a kind of „blockchain construction kit“ that enables them to assemble a new blockchain from different modules and connect it to Polkadot. Substrate provides ready-made components, for example for node implementations, cryptography, network consensus and data storage. Developers can thus set up their own blockchain relatively easily without having to make concessions on network security: All parachains – even those that are not based on substrates – are secured via the consensus mechanism of the relay chain.

TPS that get Visa wet eyes

What Ethereum now has to laboriously create in retrospect is already in place at Polkadot from the start: Consensus-finding via proof of stake. While with Bitcoin (and so far also with Ethereum) the process of confirming blocks is not only slow but also extremely energy-hungry, Proof of Stake promises a significantly higher transaction throughput. And that with a much lower energy consumption.

In combination with the Parachains, Polkadot should be able to process over 166,000 transactions per second (TPS). Chief developer Gavin Wood expects up to one million TPS in perspective. For comparison: Bitcoin has an average of 3 to 5 TPS, Ethereum also only has 12 to 15 TPS. Even credit card providers look old in comparison: Visa can provide up to 65,000 TPS, according to information on the company’s website. Of course, the 166,666 TPS are theoretical maximum values ​​that have yet to be achieved in practice.

DOT: One token, three tasks

The platform’s own DOT token is used in three areas. In the area of ​​network governance, DOT owners can use their tokens to participate in elections and referendums on protocol changes. Each DOT holder is also entitled to make their own suggestions.

DOT is also required for the operation of the network. Holders can use DOT tokens to nominate the validators of transaction blocks in order to get a chance to receive a share of the block reward.

Finally, DOT tokens are required for connecting a parachain. As long as a parachain is connected to the relay chain, a certain number of DOTs must be stored.

Crypto Code a bien fonctionné et s’est constamment hissé au sommet des crypto-monnaies au cours des 12 dernières années.

Bien sûr, Bitcoin avait une longueur d’avance car c’était la première crypto-monnaie à être lancée, mais Bitcoin est toujours une option d’investissement parmi tant d’autres

Un bon investisseur cherche toujours à faire des bénéfices, et il regarde les tendances pour voir s’il vaut la peine d’investir dans un produit. Si des changements dans la société ou l’investissement le rendent plus souhaitable, alors la demande pour cet investissement augmentera très probablement, et si l’offre ne change pas, le prix du produit augmentera avec le temps.

Un bon investisseur se penchera sur les temps et déterminera si le prix augmentera mais achètera l’actif quand il est encore bon et bas pour le vendre plus tard lorsque le prix augmentera. Le climat actuel qui rend les investisseurs précaires quant à leurs choix est Covid-19.

La pandémie

La pandémie a affecté des investissements comme le marché du logement parce que les gens font défaut sur leur prêt hypothécaire parce qu’ils perdent leur emploi. Les investissements qui vous obligent à vous rendre sur place ont été affectés en raison des verrouillages gouvernementaux et des conditions de verrouillage des différents niveaux.

Au Royaume-Uni, ils sont à trois niveaux. Le niveau 1 limite les rassemblements à des groupes de 6 à l’intérieur ou à l’extérieur, ce qui signifie que les restaurants et les cafés ne peuvent plus bénéficier de réservations de plus de six.

Le niveau 2 signifie que vous ne pouvez pas socialiser avec quelqu’un avec qui vous ne vivez pas à l’intérieur, mais que vous êtes autorisé à vous réunir en groupes de six à l’extérieur. Le niveau 2 concerne les pubs, les clubs, les bars et tout lieu de fête tel qu’une patinoire ou un bowling.

Le niveau 3 signifie que vous ne pouvez pas socialiser avec quelqu’un avec qui vous ne vivez pas.

Les niveaux ont signifié que des investissements particuliers ne sont tout simplement pas judicieux. Malgré la pandémie, Bitcoin a continué d’augmenter.

Bitcoin pode enfrentar alguma pressão de venda a curto prazo como depósito de baleias à base de coca

• O Bitcoin passou por alguma ação de preço instável após um empurrão para $19.000 na semana passada.
• Ki Young Ju, CEO da Crypto Quant, disse recentemente que a moeda poderia enfrentar uma correção nos dias e semanas seguintes.
• A porcentagem de depósitos de baleias em relação aos depósitos de varejo nos endereços da Coinbase aumentou, ele observou.

Bitcoin poderia ver o preço cair como a proporção de depósitos de baleia

O Bitcoin passou por alguma ação de preço instável após um empurrão para $19.000 na semana passada. A moeda atualmente é negociada por $18.200, $800 abaixo Bitcoin Circuit dos máximos locais (e dos máximos do ano até a data) e cerca de $700 acima dos mínimos locais, perto de $17.500.

Os analistas temem que a moeda criptográfica possa voltar a ser negociada, pois as tendências na cadeia sugerem que há algumas vendas ocorrendo.

Ki Young Ju, o CEO da plataforma de dados criptográfica Crypto Quant, observou recentemente que a moeda criptográfica poderia enfrentar uma correção em meio a um aumento dos depósitos de baleias para trocas. Ele observou que, de acordo com seus dados, a porcentagem de depósitos de baleias nos endereços da Coinbase aumentou, sugerindo que há grandes detentores procurando vender:

„Demasiadas baleias de $BTC em #Coinbase. Ainda estou em alta a longo prazo, mas talvez enfrentemos algumas correções ou de lado até que as baleias fiquem inativas nas trocas pontuais. *Rácio de troca de baleias é o tamanho relativo dos 10 maiores influxos para o total de influxos. Dados históricos para a relação #Coinbase Whale Ratio. Quando as baleias estão ativas (mais de 90%) na Coinbase, o preço de $BTC provavelmente estará indo para o lado ou para baixo“.

Demasiadas baleias de $BTC na #Coinbase.

Ainda estou em alta a longo prazo, mas talvez enfrentemos algumas correções ou de lado até que as baleias fiquem inativas nas trocas pontuais.

*Rácio de troca de baleias é o tamanho relativo dos 10 maiores influxos para o total de influxos.

Chart👉 https://t.co/5X4qPIV4HV pic.twitter.com/qDMqRk3RyH

– Ki Young Ju 주기영 (@ki_young_ju) 22 de novembro de 2020

De acordo com Willy Woo, outro analista da cadeia que pegou esta tendência, esta venda pode não ser uma grande preocupação. Comentando sobre como as vendas por velhos/grandes detentores de Bitcoin podem não ser em si mesmas em baixa, ele escreveu recentemente:

„Costumava ser que os picos de destruição ou dormência seriam um mau sinal para o mercado, pois as velhas Bitcoins têm mestres mais experientes, portanto, dinheiro mais inteligente; isto predizia uma queda de preço. Atualmente, nem sempre as baleias OG também vendem fundos. Chegou o dinheiro mais inteligente. Postar isto agora, pois enquanto há tanto FOMO e fundamentos fortes sendo lançados, há também sinais de que o mercado está sendo superaquecido localmente. Eu ficaria muito surpreso se nós quebrássemos o gelo na primeira tentativa sem uma rejeição, ou consolidação, antes de uma segunda corrida“.

Este não é o único motivo de preocupação para os touros Bitcoin.

As taxas de financiamento dos principais mercados futuros de Bitcoin estão atualmente no meio de um pico mais alto, apesar da Bitcoin estar realmente caindo. Isto sugere que há muitos negociadores de derivativos que estão procurando por um longo período de queda.

Os analistas temem que isto possa resultar em uma correção para este mercado. A questão é que os longos com alavancagem excessiva podem facilmente vender suas posições em tandems, levando a correções rápidas mais baixas frequentemente quando a taxa de financiamento é alta.

Bitcoin ist aus einem aufsteigenden Dreieck ausgebrochen.

Es gibt Unterstützung bei 15.800 $.

BTC ist wahrscheinlich in der letzten Teilwelle der fünften Welle

Möchten Sie mehr wissen? Treten Sie unserer Telegrammgruppe bei und erhalten Sie Handelssignale, einen kostenlosen Handelskurs und tägliche Kommunikation mit Kryptofans!

Das Trust Project ist ein internationales Konsortium von Nachrichtenorganisationen, die Standards für Transparenz entwickeln.

Der Bitcoin Billionaire brach schließlich aus dem Widerstandsbereich von 15.800 USD aus und erreichte ein Hoch von fast 16.500 USD.

Während ein kurzfristiger Rückgang auftreten könnte, um das Gebiet als Unterstützung zu validieren, sieht es nicht so aus, als hätte BTC noch einen Höchststand erreicht.

Bitcoin bricht aus

Der Bitcoin-Preis wurde seit dem 5. November unter dem Widerstandsbereich von 15.800 USD gehandelt. Nachdem ein aufsteigendes Dreieck gebildet worden war, konnte der Preis gestern endlich ausbrechen und erreichte ein Hoch von 16.494 USD, bevor er leicht fiel.

Der Bereich von 15.800 USD wird nun wahrscheinlich als Unterstützung dienen und fällt auch mit einer aufsteigenden Unterstützungslinie zusammen.

Kurzfristig zeigt BTC eine Schwäche. Nach der Erstellung von zwei bärischen Kerzenleuchtern hat der Preis ein abendliches Sternmuster erstellt , das normalerweise als bärisches Umkehrmuster angesehen wird.

Daher ist es möglich, dass der Preis zurückgeht, um den Bereich von 15.800 USD als Unterstützung zusammen mit der aufsteigenden Unterstützungslinie zu validieren, bevor er schließlich höher steigt.

Trotz des Ausbruchs zeigt der tägliche Trend eine Schwäche in Form der erheblichen rückläufigen Divergenz des RSI, der sich ebenfalls im überkauften Bereich befindet.

Weder der MACD noch der Stochastic Oscillator zeigen jedoch eine Schwäche.

Darüber hinaus hat der Preis das Fib-Widerstandsniveau von 0,786 bei 16.140 USD erreicht, gemessen am Allzeithochpreis von 2017.

Wenn man dies mit der bärischen Divergenz kombiniert, zeigt sich, dass sich BTC wahrscheinlich dem Höhepunkt seiner Aufwärtsbewegung nähert.

Wenn sich der Anstieg fortsetzt, liegt die nächste Widerstandsstufe bei 17.264 USD.

The economic crisis in Argentina and the political crisis in Chile lead the population to seek economic protection options.

Living with different crises, Argentina and Chile resort to Bitcoin for economic protection

Opinion Two of South America’s most important countries are experiencing serious crises this year and seem to be turning to Bitcoin for economic protection: Argentina and Chile.

Our two neighboring countries live in different scenarios, but they leave no room for doubt, they live in crisis: Chile has been going through an economic and social crisis for over a year and has now culminated in the approval of a plebiscite to overthrow the constitution, which was the legacy of the dictator Augusto Pinochet’s period. Argentina is experiencing the serious consequences of three years of recession aggravated by the pandemic, dragging along with it the „eternal“ exchange crisis, with increased inflation, a surge in the dollar and increased poverty.

Chainalysis points out that the biggest blows with Bitcoin in Latin America are from Brazil

Macri’s failure and miserable growing with Fernández

The economic policies of neoliberal Mauricio Macri, who promised „zero poverty,“ domination of inflation and foreign investment, in the words of the former president himself, have failed. He delivered the country with extreme poverty indices (38% of the population, 8% in miserable conditions), explosion of inflation and devaluation of almost 40% of a currency that was already fragile and scarce foreign investment.

The neoliberal failure lit the kirchnerist flame in the country, which had been extinguished, and led to the election of Alberto Fernandez last year. With the arrival of the pandemic, Argentina made a lockdown that was relatively successful in public health, but it was an economic and social failure.

Almost seven months after the quarantine, Argentina is poorer and more unequal, there was a lack of essential products, inflation skyrocketed and the government now intervened in the possibilities of economic protection of the population itself, limiting the purchase of dollars to $ 200 per person and with tax of 35% on purchases in credit and debit cards using dollars.

The situation is so serious that banks and citizens are already trading in dollars, replacing the peso and generating a heated clandestine market. As a result, the country’s foreign exchange reserves melted to a mere $37 billion, almost 10% of that of neighboring continental Brazil.

Former World Bank director Otaviano Canuto tried to explain the Argentine crisis to the government360:

„The restriction measures in place were already harsh, and the government tightened them further, hitting individuals and companies, going far beyond the ‚invading‘ foreign investors. In the case of companies, the government is trying to force them to restructure their foreign debts“.

The scenario seems to boost the market for cryptomoeda. Coindance data on the P2P LocalBitcoins exchange prove this thesis. The exchange registered its highest trading volume in Argentina in June 2020, with more than US$ 125 million traded for two weeks in a row.

The country, which already has in the culture of the population the habit of saving dollars for economic protection since the 1990s, now also resorts to cryptomoedas in these cases. With the worsening of the COVID-19 indexes in the last two weeks and a series of protests in the country, the fear of the population has also become Bitcoin.

Trading at LocalBitcoins was less than $70 million in early October, before the government announced more interventionist measures to buy dollars, to more than $90 million last week, a significant 23% increase in days weeks in the volume traded at BTC.
In Chile, the violence of the political crisis and the end of the Pinochet constitution

Argentina’s neighbor in the Pacific Ocean, Chile, is experiencing a violent political upheaval that began in October 2019 and did not even cool down during the pandemic. The liberal government of Salvador Piñera had a small victory in proposing a plebiscite last week, overthrowing the ultraliberal constituent inherited by the Augusto Pinochet dictatorship, one of the most bloodthirsty and perverse on the continent.

Argentina’s neighbor in the Pacific Ocean, Chile, is experiencing a violent political upheaval that began in October 2019 and did not even cool down during the pandemic. The liberal government of Salvador Piñera had a small victory in proposing a plebiscite last week, overthrowing the ultraliberal constituent inherited by the Augusto Pinochet dictatorship, one of the most bloodthirsty and perverse on the continent.

From October 2019 until today, politics dominates the debates in Chile.

Initial media reports about a raid on Bithumb seem to be coming true.

In the alleged case of fraud involving executives at the large crypto exchange Bithumb, the CEO of the trading platform has now been asked for questioning

Like the Yonhap news agency on September 18 reported , the police wants the South Korean capital Seoul Lee Jung-hoon, the chief executive officer of Bithumb Korea and Bithumb Holdings, consult in the case.

Lee is accused of multiple frauds in connection with the failed listing of the cryptocurrency BXA. As a result, the defrauded investors should have suffered damage of up to 25 million US dollars. In addition, Lee is said to have embezzled funds from users of his platform and invested in projects abroad.

Another member of the Bitcoin Era board of directors, Kim Byung-gun, is believed to be involved in the BXA fraud along with Lee. However, the police have not yet opened an investigation into Kim.

Today’s news follows recent media reports that Seoul police have confiscated some of Lee’s shares in Bithumb Holdings.

The CEO had previously tried to take over the crypto exchange in full

As Cointelegraph reported , the police have already carried out two searches of Bithumb’s offices in September on suspicion of fraud.

Cointelegraph has asked Bithumb to comment on the case, but has not yet received any feedback.