Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Coordicide
IOTA Presents Chrysalis Mainnet Update Scheduled for Next Week
IOTA posted on Twitter on August 10, about delivering an upgrade of the Chrysalis mainnet in the coming week. As per the tweet, IOTA 1.5 update means an entirely new experience for users utilizing the IOTA network now. In the past, users were a bit skeptical about IOTA’s successes considering the delay of this scheduled upgrade. However, user's agree that this excellent step into achieving the set goals by the IOTA Foundation was worth the wait. What Users Can Expect…
5 years ago
IOTA’s Coordicide 101: A Complete Guide on What You Should Know
The IOTA network has made giant strides toward real-world adoption in the three years of its existence. The project's developers used the Coordinator as a vital element in ensuring the funds' security. The Coordinator is a security mechanism that prevents double-spends and provides transaction finality. IOTA announced the launch of Coordicide in May 2019. This upgrade removes the network's centralized Coordinator. As stated in the press release, Coordicide aims to provide a new type of decentralized mechanism for securing data and…
5 years ago