CoinSheet - Jul 24, 2017
◤WHAT PEOPLE ARE TALKING ABOUT
Rehash of yesterday: Bitcoin Improvement Proposal 91 (BIP 91) to trigger Segregated Witness (SegWit) activation locked in yesterday. I've been getting a bunch of questions from folks who are a bit perplexed by all the fancy jargon so I wanted to describe what's happening in a way the layman could understand.
Bitcoin has gained a lot of traction within the past year, and as a result the time to process a transaction with Bitcoin has been increasing. Because Bitcoin transactions take a long time to confirm, it's hard for Bitcoins to be used like you would use any other currency. Imagine going to Starbucks and expecting to pay with Bitcoin and having to wait 3 hours after you order your fancy frappuccino because you're waiting for the transaction to confirm. That would be a problem wouldn't it?
Segwit is here to try and solve some of these scalability problems with Bitcoin. Segwit enables Bitcoin to process more transactions. You can read more on how this is done here.
Naturally, not everyone was happy with this upgrade. Some people though this upgrade was too rushed and buggy. See here.
Nonetheless, some uncertainty with Bitcoin has been lifted and the price of Bitcoin has responded accordingly.
In Other News: A Federal Judge sided with a Coinbase customer against IRS. Magistrate Judge Jacqueline Corley permitted the unnamed customer to challenge the agency’s summons and proceed with his case anonymously.
Fortune magazine added, In her ruling, U.S. Magistrate Judge Jacqueline Corley strongly agreed, and declared the scope of the IRS request is unprecedented.
The question now is, will this be allowed to stand in a higher court ?
◤THINGS I LIKE
This great article by the notorious Daniel Jeffries, The Cryptocurrency Trading Bible.
We also have the slightly more notorious personality, cryptocurrency trader who goes by The Wolf, publishing Some basics on trading Crypto.
A rare photo of The Wolf after his recent bear hunter expedition at the Global Digital Asset Exchange.
◤MARKET SENTIMENT
Very bullish signalling today.
◤TOKEN NEWS
◹STARTED THIS WEEK (7/16/2017 - 7/22/2017)
July 16, 2017
Agrello (DLT) - Legally binding smart contracts on the Ethereum blockchain.
Populous (PPT) - An invoice and trade finance platform with a profit-sharing token that will launch on Ethereum.
Honestis Network (HNT) - Portable identity management on a new blockchain to be used in trade, eSignitures, and ID verification.
July 17, 2017
8 Circuit Studios (8BT) - A game development ecosystem powered by an ERC20 token.
AICoin (XAI) - A tokenized investment fund targeting blockchain and artificial intelligence technologies with a DAO governance model.
Bowhead Health (AHT) - The first medical instrument powered by blockchain. Real-time biometric diagnostics in a smart dispenser.
MyBit (MYB) - Enables fast, secure, and cost-effective access to global capital.
CoinDash (CDT) - A crypto-based social trading platform that allows its users access to advanced portfolio management tools. [Sale halted due to hack]
July 18, 2017
district0x Network (DNT) - A collective of decentralized marketplaces and communities. Powered by Ethereum, Aragon, and IPFS.
July 19, 2017
DigiPulse (DGT) - A platform for issuing blockchain-based wills for crypto-assets.
SanCoin (S8N) - A "contribution graph" blockchain designed to help keep track of project contributors in the open-source community.
Virtual Cash Back (VCB) - A mobile coupon/rebate application and redemption processing infrastructure based on an ERC20 token.
July 22, 2017
ImmersiveOS (IMM) - An augmented reality platform powered by blockchain.
◹STARTING NEXT WEEK (7/23/2017 - 7/29/2017)
July 23, 2017
InvestFeed (IFT) - An incentivized social investment network for cryptocurrencies.
Ziber (ZBR) - A blockchain protocol for VOIP communication aimed at reducing overhead.
July 25, 2017
BitClave (CAT) - BitClave active search ecosystem is a platform that enables direct customer-to-business interactions with no need for intermediaries.
Presearch (PST) - An open, decentralized search engine that rewards community members for their use, contribution to, and promotion of the platform.
Propy (PRO) - Global property store with a decentralized title registry.
SLOGN Logistics (SLOGN) - An open source platform for decentralized logistics powered by blockchain and AI.
July 26, 2017
BitBounce (CREDO) - A crypto-token based spam solution for email.
Sosnovkino (SNK) - A tokenized land development venture based in Russia.
July 27, 2017
Stox (STX) - Stox is an open source, Bancor based prediction market platform.
Tierion (TNT) - A universal platform for data verification that operates at scale.
◤QUOTE OF THE DAY
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