Issue 8.2 / June 5, 2020
Cryptocurrency
Cryptocurrency projects are exciting and innovative. They will continue to have a, “... steady growth of new ideas, code, projects, and startups.”
A couple of weeks ago I was gushing over Tezos, but I read about a recent study by Cornell University stating that most network traffic on EOS, XRP, and XTZ is not for value transfer purposes.
Screenshot from https://arxiv.org/.
Cryptocurrency has many similarities with Visa’s early adoption issues from the 1970s.
Staking will turn Ethereum into a functional store of value.
Bitcoin’s weakness is energy waste.
Facebook's Libra wallet will be rebranded as Novi.
Some debit card holders all over the world can now purchase crypto.
“We are excited to take this big step forward together with Wyre. The DeFi space needs a UX face-lift in 2020 and fiat-to-crypto onboarding will play a big role in that.”
Quote from Sami Start, Transak Co-Founder and CEO
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You've read the extended cryptocurrency edition from The Weekly Summary 8.0 where I also blog about the economy, personal finance, investing, learning, and video games.
Disclaimer
Ideas and information presented in my articles are for educational purposes only and not intended to be investment advice. Investments in the stock market and cryptocurrency could be speculative and volatile, and result in money loss. Always conduct your own research. You may want to obtain independent legal, financial, taxation and/or other professional advice in respect to any information from this content. I may mention products or services and some of those products are affiliate links that reward me.
