As Bitcoin and other cryptocurrencies collapse, TRON (TRX) surprises the market and rises 33%

BITCOIN

The historical price top was broken after the price reached values above US$0.048 while the market is falling.

The price of Bitcoin (BTC) is devaluing in the market just like other cryptocurrencies that are devaluing. However, the same did not happen with TRON (TRX) on Thursday (3), altcoin appreciated by up to 33%.

Thus, while the price of Bitcoin plummets to values below $11,000, TRX has experienced an incredible appreciation that has made the cryptocurrency quoted above $0.048 in the past 24 hours.

Thus, TRON presents the best performance among the TOP 100 ranking of cryptocurrencies, according to data from CoinMarketCap. On the other hand, Bitcoin's price fell by 5% in the same period.

TRON (TRX) rises 33%

The TRON price surprised the market with an appreciation of more than 33% while virtually all cryptocurrencies fell. With this appreciation, altcoin TRX had the best performance in the market this Thursday (3).

With Bitcoin and other cryptocurrencies in great devaluation, TRON went the other way and triggered a wave of price increase completely unexpected.

Analyst Nícolas Vieira Rossett comments on the performance of altcoin in a Facebook group. For YouTuber, TRON's appreciation comes in a moment of surprise, while other cryptocurrencies are falling in the market.

“The world is collapsing and TRON is taking off. There are times when I don't understand this market. ”

In the analyst's publication on social media, a market enthusiast predicts that the price of TRX could reach $0.40 in the cryptocurrency market. Meanwhile, the analyst Nícolas Vieira says he uses the TRON network due to the USDT tokens that are issued on the altcoin blockchain.

“I saw a future on TRON since I started using Theter on their network, too fast and without fees. And it still looks like it will be part of a DeFi protocol. ”

Market price of TRON (Playback / CoinMarketCap)

Cryptocurrency market

Bitcoin's price has recently surpassed $12,000, but a correction brought the cryptocurrency back down to under $11,000 once again.

However, while the price of Bitcoin plummets, TRON faced an appreciation on Thursday (3) that reached more than 33%. After an early-night correction, the price of the TRX plummeted to $0.42854.

Therefore, at the time of writing this article, TRON still accumulated 21.57% appreciation on the day after the historic rise in cryptocurrency prices in the market. Other cryptocurrencies that have had a significant appreciation recently are:

  1. FlexaCoin (FX) +27,30%
  2. TRON (TRX) +21,57%
  3. Celo (CELO) +11,47%
  4. ZB Token (ZB) +11,27%
  5. BitTorrent (BTT) +10,28%

On the other hand, Ampleforth (AMPL) is responsible for the worst daily performance in the ranking of the 100 largest cryptocurrencies. In the case of AMPL, the devaluation in the last 24 hours was -34.60%.

Following AMPL, Hedge Trade (HEDG) fell -23.68% in the market, with the second-worst performance of the day. This list also includes DFI.Money (YFII) with -22.38% devaluation, Uma (UMA) with a -20.21% drop, and SushiSwap which fell 19.16% in the cryptocurrency market.

What are the main differences between public and private blockchain?

blockchain

New opportunities for the use of blockchains are discovered each week, envisioning a brighter and brighter future.

Blockchain Technology is not just limited to cryptocurrency development and is spreading more and more in different areas.

With the great diversity of uses foreseen, two fundamentally different blockchain models emerged: Private and Public.

In this article, I will distinguish the main differences for each modality.

Contextualizing blockchain

It is impossible for a single, global blockchain system to address all sectors, as each sector has specific needs.

Because of this diversity of uses, different blockchains have been created to meet demand, each with a unique set of protocols, although the pillars of the system remain the same.

These various networks fall into two categories:

  • Public Blockchain - Open Access
  • Private Blockchain - Authorized Access

Let's explore the implications involved in each type and, in this process, identify the difference between them.

Public Blockchain 

The blockchain community regards the public model as the embodiment of the initial concept of technology, as had been thought by Satoshi Nakamoto.

This model is quite simple as no authorization is required to participate in this blockchain network and contribute to its maintenance.

Since anyone can join the network, it is more decentralized compared to private blockchains.

However, a consequence of this greater decentralization is that blockchains without permission are slower than the private model.

It is important to note that the one who authenticates the transaction data kept in the public blockchains is the public itself.

Since there are no intermediaries to regulate what happens on this network, the system relies on public validation to reach a consensus on which transactions are legitimate. Bitcoin is an example of blockchain without permission.

Private Blockchain

Private blockchains are the opposite end of the previous model. Initially, the purpose of this technology was to provide a transparent, free and decentralized system.

However, these blockchains require authorization to collaborate on the system. Consequently, the centralization of control of this system occurs.

This is because the owner of a private blockchain can control the system organization, issuing software updates, overseeing everything that happens on the network.

When it comes to validating data on private blockchains, only a few approved members perform this task on behalf of the entire network.

Importantly, the owner of such a blockchain can also decide who views this information. An example of a permitted blockchain is Ripple.

In conclusion, private systems tend to be more scalable and faster, but are more centralized.

Public systems are open for everyone to participate and are therefore more decentralized. However, this implies lower transaction speed and lower scalability.

Dentacoin Deep Analysis

dentacoin

Dentacoin (DCN) is a fashion product for the dental industry. Many organizations have begun to experiment with the blockchain in an effort to make management efficient. While any decentralized accounting book can streamline dental services, Dentacoin surpasses them all as it is customized only for this field.

DCN is not a single person project. Rather, it is a product that was created by a team of engineers, dentists, programmers, marketers and other experts in advanced technology. Members come from the United Kingdom, the United States, India, South Africa, Germany, Russia, Germany, the Netherlands and Bulgaria. Collectively, these individuals form the Dentacoin Foundation.

The basic work for the DCN currency began in 2014, but the foundation was created in 2017. The project was subjected to a test analysis in March and finished in May of the same year. Since its creation, the Dentacoin blockchain has become a reliable tool not only for organizing and sharing dental records, but also in a contractual system.

What is Dentacoin and how does it work?

Like most blockchains, Dentacoin is rather an accounting book to store dental records securely. As a decentralized tool, there is a lot of transparency and allows the majority of patients and doctors around the world to interact.

This digital accounting book works through … A smart contract is a computer protocol that facilitates, verifies, negotiates and concludes the contract. Like ordinary contracts, the conditions must be met before dental coins are issued to the recipient. If all the requirements are not met, the contract will end on its own, and the amount in custody will be returned to the rightful owner.

The Dentacoin blockchain was created thanks to the combined efforts of about 120 people. Members of the core team are Dr. Dimitar Dimitrakiev, Philipp Grenzebach, Sergey Ushakov, Jeremias Grenzebach, Alexander Atanasov and Daniel Kolarov.

Main features of Dentacoin

Like most blocking chains, Dentacoin also has unique features that make it attractive to those who deal with dental services. Here is a drop-down list of the best qualities that this blockchain shows:

Healthcare Database

Any blockchain in its core is simply a digital accounting book that provides storage space for new transactions. DCN keeps records of all patients who have attended a particular clinic and why they were treated. Individuals and doctors can share their records with third parties through private keys.

This digital accounting book comes with infallible security and is known to be transparent. Once a record has been registered and a block has been assigned, there is no need to edit it again, which usually ensures that there will be no further manipulations in the future.

Trusted Review Platform

The Dentacoin ecosystem revolves around revisions. Basically, anyone who needs the best dental services can visit the review platform based on the Dentacoin blockchain and examine through some of the user comments until they find the service they like.

Dentists will also use the platform to identify and solve some of the complaints that clients make against them. Unlike conventional platforms, this rewards users with some Dentacoins for leaving honest comments.

How do trust reviews work? There are two types of reviews submitted: standard and trusted. Anyone is free to post comments, but trusted ones come from real dental patients.

Once you see a dentist and receive treatment, you will receive an email later to review your services. The link ensures that you check the exact dentist and not another person. The more you post your comments, the more Dentacoin cryptography you will get.

Dental insurance

One of the biggest challenges facing dentistry is the lack of affordable dental premiums. The Dentacoin Foundation intends to make dental services accessible to many people around the world through chain-based insurance. In this network, the patient's well-being becomes a shared responsibility between him and the dentist. Simply put, the interests of the patient and the dentist will be aligned.

Post-treatment mobile application

Post treatment is vital for a healthy cure. Through a mobile application, the Dentacoin blockchain will help dentists provide their patients with more care while they are out of the treatment center. The application is simply a way to enforce long-term good dental practices in both children and adults.

Educational website

The Dentacoin website focuses on imparting to its users knowledge about the best dental habits. Knowledge is transmitted through reading articles, answering questionnaires and play.

The Bitcoin of the dental industry?

Dentacoinis is sold like that of the dental industry because it is one of the few blockchain projects oriented to this niche. Its mission is to make dental care accessible to almost 80% of the population.

The blocking chain will remove the power from the hands of intermediaries, usually insurance companies. This will be achieved through the self-execution of smart contracts with the issue of peer transactions. This will help patients reduce their costs. The blockchain will also involve participants and promote healthy dental habits through the Dentavox incentive program.

Does the dental industry really need to be tokenized? Absolutely. It is estimated that the dental care industry has a value of more than 400 billion dollars. This means that if Dentacoin is adopted by many people in this niche, it could become as valuable as Bitcoin itself.

The Dentacoin team

One of the determinants of a robust blockchain or cryptocurrency is the presence of well-informed individuals behind it. In fact, Dentacoin is a creation of many geniuses. Here are some of the core team members and their credentials.

Dimitar Dimitrakiev

Dimitar is the founder of Dentacoin and an accomplished university professor. His knowledge of financial markets spans more than two decades. He is a lover of science and engineering, and this has earned him a position in established research organizations such as EADM, the Union of Automation and Informatics, and the IEEE computer society.

Philipp Grenzebach

Philipp has a degree in law, business administration and economics. As co-founder, he deals with all commercial aspects of things in the blockchain. His dream is that more decentralized markets replace conventional centralized systems.

Jeremías Grenzebach

Jeremias is an expert blockchain developer with more than 8 years of experience. He has participated in other famous block chains such as,,,,, uPort, iMToken and Byteball. His exceptional coding skills earned him a position as Dentacoin chief coder.

Dentacoin Roadmap

The roadmap of this blockchain began in 2017 with the launch of its file. Some of the milestones that have already been reached (at the time of writing this article) include the formation of the foundation and the launch of the review platform. Pending projects include

  • DentaVox - this is a customer intelligence tool also known as a market center that uses questions to get customer feedback. The tool will contain about 100 questions, and there will be incentives (on DCN tokens) according to the time spent answering the questions.
  • Launch of the mobile application -Dentacare mobile app is one of the “work in progress” projects in which the foundation is currently working. The android application will teach people about the best dental practices to adopt.

Token DCN

The Dentacoin blockchain runs through a DCN token. This sheet provides a means to encourage people to participate in the network. It can be said that anyone who owns several of these currencies owns an action of the Dentacoin Foundation.

This blockchain token can be exchanged for medical services or “HODLed” (retained) as an investment. Unlike Bitcoin and other cryptocurrencies, Dentacoin is not minable. There is a maximum of 8 trillion DCNs with approximately 325,000 million in circulation.

The objective of the foundation is to distribute 76.1% of its cards in a smaller proportion between 2018 and 2042. The cards will be sent in “Timelock” contracts, in which the founders will obtain 5%, 2.4% will go to The main founders and a major part will go to the public. More information on the distribution of tokens on the Github page.

Dentacoin price growth

Unlike most of the best selections, Dentacoin's transaction history is not exciting. Surely the currency has made some milestones in the price, but never exceeded the dollar. All this can be attributed to the fact that the currency is still young and most people don't know it.

When the coin was first launched, it was trading at just a few cents and reached a record high of $ 0.006 on January 8, before falling to around $ 0.00035. Dentavox and the Dentacare mobile application are some of the pending projects that most followers are waiting for.

Conclusion

Dentacoin is the only cryptocurrency that aims to revolutionize dental care services. Patients can pay for the treatment of teeth with DCN coins and can receive it from dentists after leaving a good feedback about their services. Although cryptocurrencies are still finding their place in our societies, this currency may work well not because of the low competition from similar companies but because of the dynamic services it offers.

10% of MoneyGram transactions between Mexico and US use Ripple Token

usa-mex-money-ripple

Money transfer giant MoneyGram processes 10% of its US-Mexico corridor transactions through Ripple's On-Demand Liquidity (ODL) payments solution, which leverages its XRP token.

MoneyGram President and CEO Alex Holmes spoke on this Friday, November 8, at Ripple's Swip 2019 conference in Singapore. Holmes added that the company plans to expand its use of the ODL solution to four more corridors by the end of this year, as reported by The Block.

We can settle billions of dollars in seconds. The magic really comes from pairing MoneyGram's transactions with Ripple's ODL,”, said Holmes.

In June, Ripple pledged to invest up to $ 50 million in MoneyGram and MoneyGram agreed to use XRP in its money transfer business. Two months later MoneyGram went live with Ripple's payment solution.

This Thursday, November 7, Ripple announced it has surpassed the 300 customer mark. In addition, the company posted a 10-fold growth over the previous year in transactions made via RippleNet, the global network of banks and financial institutions that enables faster and lower cost payments worldwide.

Bytom (BTM) rises 55% in 1 week; understand what happened

btm foundation

Coinmarketcap's top 50 Chinese projects is listed with liquidity on Asian exchanges Huobi, OkEX, and Gate.io. In July 2017, Bytom raised 8,400 BTCs ($15 million at the time) with a platform speech for recording and trading digital assets - receivables, dividends, debt securities, big data - interconnected with Android / iOS mobile apps. using smart-contracts.

Who were the big investors behind?

From the outset, the project was funded by Hash Capital of Hong Kong, investor of several projects: Algorand, Nuls, Loopring, VeChain, OmiseGo among others and OneBoat Capital of China, an investor that also supported Polkadot, Binance Coin, Celer. Network, Stork, Theta Token, Texos).

But believe me, even with the strong rally, the price goes below the ICO price of 1333 sats.

What happened recently?

According to Dovey Wan, co-founder of a cryptocurrency investment fund and CoinDesk advisor, although the founder abandoned the project, it weighed favorably that testnet Bytom uses the algorithm developed by the Chinese Cryptography Regulatory Agency (OSCCA). For this reason, it has been positively affected following a favorable statement by the President of China on cryptocurrencies.

Explaining again not to be confused: The algorithm currently used by Bytom is Tensory (Proof of Work, normal), which has nothing to do with the Chinese authority. At the time of excited many people did not research properly, but it is only an experimental use of the algorithm in sidechains, networks that run in parallel taking advantage of the mining of the "mother" blockchain.

What did the project deliver recently?

In their last 2 weekly reports, they highlighted:

  • Bytom CEO Attends AWS Cloud Meetup;
  • Partnership with staking2.com
  • Bytom event on November 8, which will take place in Wuzhen, near Shanghai;
  • small developers' deliverables in Mov (Layer-2 scalability proposal), Bystack (which makes it possible to run sidechains), Blockmeta explorer, etc.

What helped pump the most?

A foto (abaixo) do Vitalik Buterin ao lado do VP de engenharia da Bytom James Zhu, na Global Bytom Dev Conference em São Francisco, no final de setembro, ajudou a inflar expectativas, embora nenhum tipo de parceria tenha sido anunciada. Diversos palestrantes externos participaram pro evento, como ETC Labs, Algorand, Celer Network e Harmony.

One thing is certain: progress is being made in the development and it does not seem to be just paid materials and/or partnerships that never get off the ground.

A more thorough fundamental analysis requires analysis of investor lock-up (when they are free to sell their currencies), the use of Foundation money, whether the native token has any effective use in the ecosystem, and so on.