Bitcoin descended further from 17th in the September edition to 19th spot in October, according to the Global Public Blockchain Technology Assessment Index, published by the China Electronic Information Industry Development (CCID).
South-Korean blockchain startup Temco plans to launch $19 million ICO fundraising on the Bitcoin blockchain by leveraging the RSK’s technology of sidechains.
The new proposal talks about the effective use of sidechains while making it easy for Bitcoin developers to add new features to the Bitcoin network.
Blockchain tech was built for Bitcoin, but its future is much broader and more interesting than that origin might suggest. It’s already being used in some very creative ways, and as the years go by, it’s sure to find numerous more innovative uses.
The remarkable progress of the Lightning Network over the last year could help spearhead Bitcoin payments in the mainstream financial market.
The new features mainly focus on improving Bitcoin Core’s default wallet, its integration with hardware wallets, and improving the way private keys are stored.
While a number of blockchain-based projects struggle to remain truly decentralized, Metaverse places strong focus on avoiding any form of mining centralization and unnecessary interference with the network following the core principle of blockchain tech.
The amount of electricity consumed by the Bitcoin’s network is constantly growing. And experts believe that it is a quite serious cause for concern.
Despite some negative trends noticed by experts, Bitcoin continues to gain a momentum. Over $6 trillion has been transferred already across its network.