Cryptostreet

  The L2Beat.com website has a new graph showing the ratio of onchain to offchain transactions on Ethereum. The scaling of Ethereum through "Layer 2" is therefore already in full swing. And with bitcoin? Some sentences are heard so often in the crypto scene that they only seem like empty phrases, like sentences that do not contain a program, but only hide the lack of one. One of them is that cryptocurrencies did not scale onchain, only scaled offchain, or in other words: Crypto does not scale to “Layer 1” (L1) but to “Layer 2” (L2). The basic blockchain is not intended for real transactions, but only to anchor the accumulated transactions of higher layers. As it now looks, this promise is being realized on Ethereum. Since mid-2020, transactions have increasingly shifted to a bundle of L2s, which primarily means " rollups " of the various forms. With a rollup, a central server collects the transactions and ultimately only presses their result into the blockchain. A r...

  How has the MATIC course moved in the last few days? The Polygon (MATIC) price has seen a stronger price increase over the past few days due to the rise in the overall market. The MATIC price saw a 3 to 4 percent increase in the last 7 days. However, this increase was smaller than the increases of many other cryptocurrencies in the past few days. The MATIC course saw a much better performance than other cryptocurrencies, especially at the beginning of 2022, making it one of the big winners of the year so far. In the last few weeks, as with almost all other coins, we have seen strong stabilization. The lower increase in Polygon (MATIC) was somewhat surprising. However, stronger increases could follow in the next few days. Why did Polygon (MATIC) have such a good 2022? Polygon (MATIC) is a scaling solution for the Ethereum Blockchain. Scalability has become one, if not the, most important issue for investors in recent months when evaluating a blockchain. Ethereum has always had pro...

  The corks are popping and Bitcoin Twitter is full of praise: Today, Monday, October 31st, is not only Halloween, but also Bitcoin White Paper Day. Because 14 years ago today, Satoshi Nakamoto presented the basics of his “Peer-to-Peer Electronic Cash System”. What was announced quite profanely in the Cryptography Mailing List can, in retrospect, be described as one of the most important documents of this century. Satoshi presented the white paper with due restraint to his comrades-in-arms of the original Cypherpunks. No sign of Subversion. I have been working on a new electronic cash system that is fully peer-to-peer and does not require a trusted third party. The most important properties: Double spends are prevented by a peer-to-peer network. No central bank or other trusted parties. Participants can be anonymous. New coins are created using Hashcash-like proof-of-work processes. The proof-of-work for generating new coins also powers the network to prevent double-spending. Satos...

  A CBDC (Central Bank Digital Currency) coupled with digital IDs – the perfect tool for financial repression. Turkey plans to implement this concept as early as 2023. Which states will do the same and will it also come to this in our country? According to reports from last week, Turkey is now accelerating the introduction of a CBDC. The Central Bank of Turkey plans to launch its digital lira sometime in 2023. However, this is also to be connected to the country's digital identity system and integrated with the FAST payment system operated by the central bank . Journalist and political commentator Peter Imanuelsen expressed his concerns in a tweet on October 30, calling this development global communism. Turkey is currently suffering from inflation of more than 80% . A CBDC could help the state control them. Does a CBDC mean the end of financial freedom? This level of control allows the government to program who gets to spend what and when. A system linked to the ID can deprive eac...

  On October 29, 2013, a coffee shop in the Canadian city of Vancouver opened the world's first publicly available Bitcoin The crypto ATM saw 348 transactions and $100,000 in revenue in the first week after it went live. On October 30, 2022, nine years and a day later, Robocoin has ceased operations and the first crypto ATM has likely been removed or replaced. However, the number of crypto ATMs has continued to grow, with the number of cryptocurrency ATMs now standing at 38,804, according to data from Coin ATM Radar. However, the global center for crypto ATMs has since shifted. 88 percent of the world's crypto ATMs are located in the US. 90 percent of all crypto ATMs have also been installed in the US in recent months. In October alone, 129 of the world's new ATMs installed were in the United States. A total of 205 new ones were added worldwide. Canada has just 566 after nine years, although the country still ranks second with 6.6 percent of all crypto ATMs , data from Coin...