Will Wall Street Ever Adopt Blockchain? What is your opinion on this?
Posts made by Pawan03
It's all about the easing of regulations by the Argentine government. The central bank f Argentine has eased the regulations for the Automatic teller machines in the country. That is why it has allowed the installation of crypto enables ATMs in non banking agencies, such as supermarkets, shopping malls, and multiplexes. Moreover, the Central bank of Argentine has allowed the independent and third-party tellers to integrate into the existing payment system.
Bitcoin is trading marginally at $9300, but the coin is still under a significant bearish pressure. It was expected to touch the $10,000 mark, however, it failed to do so. It is for the first time, that a significant decline is seen in the number of bitcoin buyers. The decline in the price of bitcoin is seen amid the backdrop of a wider fall in cryptocurrency markets. The investors need not worry about whether even if the bitcoin didn’t touch the $10,000 mark. The market analysis still suggests that the price can shift to any direction, but it is not confirmed that it will decline.
I believe corruption is one of the major concerns in low-income and developing countries. Corrupt officials and lack of economic democratization have left the collective welfare and growth of these countries in hands of a few people. Around 70 percent population of these countries now lives below the poverty line.
Cryptocurrency, especially those based on smart contract protocol will allow transparent contract system. All records are saved on the blockchain that allows citizens to monitor how state funds are being utilized easily.
The lightning network is an open source protocol that allows anonymous routed channels and is capable of making millions of transaction per second. The lightning network was actually created for the bitcoin but it can be theoretically implemented on the top of any blockchain. The transaction fees will be so low that anyone can send micro transactions. The confirmations will happen instantly and it will be much easier to make and receive payments.
I think KuCoin best serves your purpose. It is a cryptocurrency exchange based in Korea which supports Ethereum, Neo, and Odyssey among various other currencies. The current trading fee is 1% like most of the competition. There are several contests and promotions that will let you earn KuCoin Shares as well.
According to the past trends and analysis by the experts corion cannot replace bitcoin in any way. If we look at the past 6 month prices of Corion, it has been declining from $0.66 to the current price $0.149. The current price of bitcoin is around $9700. So, the corion will cannot beat bitcoin in the near future. Moreover, investing in Corion will be a bad decision for at least another one year as the current investment can be devalued in the future.