Bitcoin

From Bitcoin to Ethereum and the BlockDAG network

Published

8 months ago

6 June, 2024

BlockDAG Network

London, United Kingdom, June 6, 2024 (GLOBE NEWSWIRE) — Cryptocurrency has evolved from a niche curiosity to a mainstream financial phenomenon, transforming the way we think about money, technology and business. It all started with the introduction of Bitcoin, a digital currency that promised a decentralized, secure and immutable way to transfer value across the world. The success of Bitcoin paved the way for Ethereum, a platform that expanded the potential of blockchain technology with its smart contracts and decentralized applications. As the cryptographic landscape continued to evolve, new innovations like the BlockDAG Network emerged, offering scalable and efficient alternatives to traditional blockchain architectures.

This article explores the fascinating history of cryptocurrency, from the inception of Bitcoin to the rise of Ethereum and cutting-edge developments in the BlockDAG network, providing a comprehensive look at the journey and impact these technologies have had on the world.

Bitcoin: the genesis of cryptocurrency

Bitcoin, often hailed as digital gold, revolutionized the financial world as the first decentralized cryptocurrency. Devised by a pseudonymous creator known as Satoshi Nakamoto, the Bitcoin white paper was released on October 28, 2008. The document introduced a peer-to-peer electronic money system, allowing the transfer of digital value between parties without intermediaries like banks. This system used a blockchain, a chain of transactions stored on multiple computers competing to process and store transactions. This process, known as mining, created new Bitcoin BTC tokens and ensured the security and decentralization of the network.

The first real-world Bitcoin transaction occurred on May 22, 2010, when Laszlo Hanyecz paid 10,000 BTC for two pizzas. At the time, 10,000 BTC was worth $41. As the value of Bitcoin increased over the years, reaching peaks such as $70,000 in March 2024, this transaction became a legendary story in the crypto community.

Bitcoin’s journey from a cryptographic novelty to a multibillion-dollar asset has involved overcoming significant challenges, including regulatory scrutiny and security breaches. However, its decentralized, immutable and divisible nature has made it a revolutionary global financial instrument.

Ethereum: beyond currency for decentralized applications

While Bitcoin laid the foundation, Ethereum expanded the possibilities of blockchain technology. Proposed by Vitalik Buterin in 2013 and launched in 2015, Ethereum introduced a decentralized platform for executing smart contracts. These contracts are self-executing agreements with the terms written directly in code, allowing for automated, trustless transactions.

The story continues

Ethereum’s unique feature is its Turing-complete Ethereum Virtual Machine (EVM), which allows developers to create decentralized applications (dApps) that run exactly as programmed, without downtime, fraud, or third-party interference. This innovation has opened the doors to countless applications, from decentralized finance (DeFi) platforms to non-fungible tokens (NFTs).

Ethereum’s native cryptocurrency, Ether (ETH), powers the network by compensating miners for computational work and validating transactions. Despite facing volatility and security challenges, Ethereum has solidified its position as the second-largest cryptocurrency by market capitalization.

BlockDAG Network: The Next Evolution in Blockchain Technology

The traditional blockchain architecture, used by Bitcoin and Ethereum, operates on a linear sequence of blocks. Although effective, this model faces scalability issues, especially as transaction volumes increase. To type BlockDAG Networka new approach that aims to address these limitations.

BlockDAG has attracted investors’ attention and capital as a decentralized network structure where transactions are organized in a graphical format rather than a linear chain. This architecture allows multiple blocks to be processed simultaneously, significantly improving transaction throughput and scalability. Key features of BlockDAG networks include parallel transactions, enhanced scalability, and enhanced security.

Now, BlockDAG Network has attracted even more industry attention with the release of its second main video, humorously titled “From the Moon.”

The project’s pre-sale has accumulated over $40 million in record time for any cryptocurrency or digital asset initiative. This impressive increase in funding underscores the growing interest in the BlockDAG Network as a new store of value and passive income generator, similar to Bitcoin.
The momentum behind the BlockDAG Network suggests that the $40 million raised is just the beginning of what is poised to be a disruptive force in the digital market.

The evolution of crypto assets and market dynamics

Bitcoin’s brief surpassing of $70,000 on Monday marked a peak amid a fourth consecutive week of inflows into crypto investment products. CoinShares International Ltd. reported inflows of $185 million for the week ending May 31, with $2 billion invested in May alone. This increase highlighted the growing institutional interest and widespread adoption of cryptocurrencies.

Ethereum, characterized by its volatility, continues to evolve with significant developments such as the transition to Ethereum 2.0, which aims to address scalability and energy efficiency through a proof-of-stake consensus mechanism.

Conclusion: The Future of Cryptocurrency

The journey from Bitcoin to Ethereum and BlockDAG Network illustrates the rapid evolution and diversification of cryptocurrency technologies. From enabling peer-to-peer transactions and decentralized applications to improving scalability and security, these innovations are reshaping the financial landscape.

Digital evolution promises to not only disrupt traditional financial systems, but also democratize access to financial services, empowering users around the world.

Read about BlockDAG pre-sale:

Website: https://blockdag.network

Pre sale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice or trading advice. It is highly recommended that you practice due diligence, including consulting with a professional financial advisor, before investing or trading cryptocurrencies and securities.

CONTACT: Brown Williams support at blockdag.network

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Bitcoin

What to watch for in the markets

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

Verizon will report earnings before the start of operations.

Tuesday

Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
Alphabet and Visa will report results after the market closes.

Wednesday

AT&T will release its report before the market opens.
Ford and Chipotle will report earnings after the market closes.

Thursday

Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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Cryptocurrency Charts by TradingView.

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