Bitcoin and cryptocurrency round-up 16 April 2018
What's happening in cryptocurrency?
Friendly competition, rebounds, Samsung's blockchain, cryptojacking and how to create your own coin.
1. Double or nothing
The exceptionally lucrative crypto-space, coupled with the nature of technology and exchanges, may have supercharged industry competition.
This has seen a race to exceptionally competitive fees, exceptionally high security and other advantages. A new exchange that wants to compete needs deep pockets and lateral thinking.
2. Rising tides and all
They say a rising tide lifts all boats equally. Conveniently, this aphorism discounts a rising tide's tendency to wreck the worse made boats on rocks.
In this case, it makes sense. Rising crypto prices might be lifting the garbage and gold alike, with little rhyme or reason.
3. Samsung wants an uber Cadillac of blockchains to beat Google to being the next Google
If there's a problem blockchain will solve it, assuming it's one of the problems that can be solved with a blockchain.
4. Cryptojacking forecast
It's not clear whether cryptojacking is on the wax or the wane, but analysts are 100% in agreement that it is a thing that exists, even though the word has yet to be recognised by Merriam Webster.
5. Build-a-bitcoin TM
There's a bit of cachet to creating your own cryptocurrency. It's assumed that anyone who creates a cryptocurrency has a decent amount of technical knowledge. Presumably that's why Verge is still so popular.
But these days anyone can create a cryptocurrency with only an Internet connection. The second-best to see how easy it is, is to create your own.
The best way is to pass those instructions onto your grandparents (or parents, children, siblings, friends or unusually talented house pets) and watching them create their own cryptocurrency.
Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, BTC, NANO
- Ethereum price continues to slide, correcting by 9% overnight
- Bitcoin price drops 5% overnight as usage weakens
- Expert analysis: Ethererum’s price is consolidating, not stagnating
- Bitcoin price drops as US hikes interest rates – are they connected?
- 4 tips to streamline your Australian cryptocurrency tax in 2021