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Dashing Over Bitcoin, Why Dash Gained 40% In Value, Fernando Gutierrez Explains
November 16, 2017
Last week the cancellation of the Hard Fork in Bitcoin had the markets jumping and in particular the altcoins gained a lot of ground (60% in some cases) before things levelled off. Dash was one of the alt coins to be so positively affected and while it jumped all over the place it settled back to a comfortable gain of a net 40% to lie at the $430 mark. Given its gain in value since the start of the month this might be argued to be a function of more than just the cancellation of the SegWit2x or at least the head of legal at Dash, Fernando Gutierrez would argue as such.
Based in Spain, Gutierrez has been involved with Dash for three years. The first non-developer to be appointed to the board, Gutierrez is genuinely cryto-curious, a specialisation from general curiosity before.
‘My wife is relieved,’ laughs Gutierrez. ‘Previously my curiosity led me to online learning constantly. I was doing all-nighters taking online courses on everything from sociology to physics. Now I am just concentrating on cryptocurrency.’
What is Bytether?
Bytether (pronounce: byte-ther) is a 1:1 cross-fork of the Bitcoin blockchain onto the Ethereum network, max supply of 21,000,000 Bytether. As an ERC20 token, Bytether takes all advantages of Ethereum blockchain technology while maintaining currency characteristics of Bitcoin. Bytether's sole focus is building a greater payment ecosystem, not ICO.
It is undeniable that Bitcoin is the most well-known cryptocurrency, yet the fundamental implementation of Bitcoin built its own obstacles such as low transaction speed and high transaction fee. Ethereum is much better in that concerns.
No doubt there are quite a few other coins trying to replicate Bitcoin on Etherum network but Bytether is different. We do cross-fork from Bitcoin blockchain to Ethereum network to provide a better currency and enable Bitcoin holders to instantly on-board. Bytether is the real equivalent Bitcoin on the Etherum network.
Cryptocurrencies payment is still inaccessible to many parties due to Bitcoin lack of the smart contract and discrepancy between various ERC20 tokens. Bytether, on the other hand, focuses itself around payment and payment only. With a specialized smart contract, Bytether can handle complicated payment transactions.
Visit our website for more information such as our cross-fork plan, user growth pool and development roadmap.
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Attention! Dash currency is intensifying!
Nov 15, 2017 Posted / 346 Views
It has been a chaotic phase for cryptocurrencies this week especially, however, the major focus was mainly on Bitcoin and also on Bitcoin Cash, another virtual currency Dash has gone through a notable rush in a day. Previously, Dash was priced at $319 each and then in less than twelve hours later, the price had raised to $520 before moving back to $416 at time of writing.
Dash- An unexpected entry in the surging market?
Amongst the ocean of cryptocurrency, Dash is cited as one of the main gainers in such a turbulent situation, with up to sixty percent at its peak. The apparent query will be why and how, that too within a small period. It has been increasing in price value owing to several reasons, amongst them a current upgrade plus the chaotic phase in which Bitcoin, as well as Bitcoin Cash, have been going through. The upgrade also repairs the flaws, bugs, plus it perks up the cryptocurrency system. Another fraction of the Dash Evolution upgrade, which is predicted for late next year which aspires to make cryptocurrency extremely simple to utilize, so that everybody can gain from it. Dash currency's network is only one of its kinds, as it assigns about 10% of block rewards to finance projects. Amongst them are a few encouraging the cryptocurrency, such as Dashforce. As the network upgraded version rolled out, the news which was which was covered by the media on several websites, which additionally helped the cryptocurrency to surge.
There is a severe pandemonium!
At the same time as the Bitcoin’s big blockers gave up to anticipate the annulment of SegWit2x, Dash has by now commenced the procedure of setting off a block size upgrade on its network, and by boosting blocks up to 2MB. While BCH is undoubtedly the most wanted of the big block crowd, it's likely that some have placed in any case a part of their funds in Dash.
previously this year, Dash received some encouraging interest from big blockers Charlie Shrem and Roger Ver.
Dash has its scalability plan plus it’s chosen an on-chain path. More willingly than setting up payment channels like Bitcoin’s experimental Lightning Network or else the Ethereum planned Raiden Network, Dash aims to utilize ultra-large blocks. Dash’s founder Evan Duffield had posted on Medium formerly this year which read as:
“Many projects in the space believe that on-chain scaling is unfeasible. That’s only for the reason that they haven’t explored alternative P2P architectures for higher performance. We aim to show just how far incentivized the second tier [master node] architecture can take a project similar to Dash.”
Dashcoin is an involuntarily transmuting unidentified cryptocurrency. It operates a decentralized governance along with budgeting system, thus making it the first decentralized autonomous organization.
Bitcoin Dips Under $6K, DASH Wins as Traders Punish BTC and BCH
November 12, 2017 by Jon Southurst 0 Comments
Bitcoin has dipped below the $6,000 USD mark as investors initially appeared to switch their money to rival Bitcoin Cash (BCH). However it wasn’t all smooth for BCH either — both blockchain siblings were left bleeding value as traders eventually abandoned both. For now, most of the momentum has gone to DASH.
Also read: New Bitcoin Core Release: 0.15.1 Comes Amid Fork, Price Turmoil
Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline
Bitcoin Siblings BTC and BCH Fight, Get Punished
At press time, Bitcoin is either hovering just above or below $6,000, depending who you ask. Bitsonline’s own index has it at $6,018.32 — however it dropped below the landmark on Coinbase before 6 AM EST, and CoinMarketCap has it at $5,998.81.
It had hit $7,751 on CoinMarketCap as recently as 8th November.
Coinbase price chart
Chart via Coinbase
Yesterday’s selloff could have been much worse. Traders clogged the BTC network hours earlier trying to ditch bitcoin, fearing a “flippening” of value to Bitcoin Cash was underway that could leave BTC with nothing. Ironically, the long confirmation delays this caused may have shielded BTC, preventing further moments of panic.
In the end, though, it was BCH that took the biggest hit. After reaching a peak around $2,420, its price then tanked as Korean exchange Bithumb — reportedly where most trading activity was happening — went offline for maintenance and CoinMarketCap removed it from its index.
There were further moves upward later, but none topped $1,800. At press time, BCH sat at $1,337 (heh).
BCH price 1337
For the record, when Bitcoin was hitting its $7,700+ highs on November 8th, BCH was still around $600. So it remains a winner for the week.
DASH Is the Elephant in the Room
It appears traders ultimately tired of the Bitcoin siblings’ bickering, and put them both out of the car. But where did their money go next? Going purely by stat charts, it appears they quietly turned to DASH. The privacy coin was hovering around the $300 mark on November 8th, but has leapt 32.78 percent to $461 by press time, in the immediate wake of the Bitcoin war.
Ethereum ETH also regained its #2 market cap spot, which it lost briefly to BCH, rising 4 percent to $321. DASH’s own rival Monero gained 7 percent and now sits at $128.
Why DASH, though? Is it just coincidence, or do investors actually now see it as a viable alternative to the Bitcoin family? It certainly has the best marketing of any cryptocurrency, and never misses a chance to grab the spotlight.
Whether it can hold its November gains or not is, as always, unknown.
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