BSN: China is pushing ahead with the BSN blockchain initiative

With the BSN initiative, China wants to take the lead in the digital transformation of the global economy. Now new partners have been won again.

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The advantages of this new compatibility are many. Polkadot’s blockchain protocol was developed to connect several specialized blockchains into a unified network. Crypto Code also enables numerous transactions to be processed on multiple parallel chains. The bottom line is that this leads to higher network capacity. With Chinese regulators scrutinizing decentralized public blockchains, this new integration is the opportunity for Polkadot developers to join BSN’s Open Permissioned Blockchain Initiative.

Oasishas made a name for itself with its financial tools specializing in private and scalable solutions. At Bityuanis a provider of blockchain solutions for Chinese companies. At the beginning of the year, BSN had already realized a significant expansion of its network portfolio. Since then, Ethereum, Tezos, Neo, EOSIO and IrisNet have also been part of the BSN ecosystem. BSN’s goal is to provide a centralized blockchain framework. This would mean that the leading networks would act together under one roof.

Thanks to BSN, China wants to take on a pioneering role

The Blockchain Service Network (BSN) is China’s most ambitious blockchain project. The country is planning to take the lead in the digital transformation of the global economy. BSN was originally launched in 2019. The international version of the network, on the other hand, was launched in July this year. The international publication wanted to give blockchain developers the opportunity to create and operate decentralized applications and thus contribute to the spread of BSN. However, in order to use and manage their own approved projects on BSN International, the developers should have an account on the official website set up.

This website also introduces a number of large global technology and blockchain companies as BSN partners. Google and Amazon Web Services (AWS) are listed there as providers of cloud services. Hyperledger is noted as an approved blockchain provider.

We have good support from several of the major cloud service providers because they really like the idea and vision of BSN

Syn Johna Lennona mówi, że Bitcoin Empowers People, daje mu optymizm w Oceanie Zniszczenia.

Sean Ono Lennon, syn Beatlesów John Lennon, mówi, że Bitcoin daje mu optymizm wśród „oceanu zniszczenia“ w tym roku. Wierzy, że krypto waluta wzmacnia jednostki w taki sposób, w jaki nigdy wcześniej nie były upoważnione.

Bitcoin daje Sean’owi Lennon’owi optymizm
Sean Ono Lennon to syn głównego wokalisty Beatlesów, Johna Lennona, i japońskiej piosenkarki Yoko Ono. Sean rozmawiał o bitcoin z Maxem Keiserem i Stacy Herbert w podkaście Orange Pill opublikowanym w niedzielę.

Po omówieniu kilku aspektów Bitcoin i wielu wydarzeń, które miały miejsce w tym roku, Lennon stwierdził, że „to taki ciekawy czas i tak wiele rzeczy zostało przewróconych do góry nogami“. Brytyjsko-amerykański muzyk i autor piosenek powiedział: „Szczera rozmowa z wami o Bitcoin’ie to jedna z jedynych rzeczy, które w tym roku dały mi więcej optymizmu i szczęścia w związku z moją wiarą w najbliższą przyszłość i z ludzkością w ogóle.“ Lennon kontynuował:

Czuję, że Bitcoin to coś, co daje ludziom większe możliwości. Uprawnia ludzi w sposób, w jaki nigdy wcześniej nie byli do tego uprawnieni.

Lennon zaczął porównywać Bitcoin do złota, przedstawiając kilka powodów, dla których krypto waluta jest lepsza od złota. Ostatnio wielu innych inwestorów doszło do tego samego wniosku, w tym znani zarządzający funduszami hedgingowymi Paul Tudor Jones, Bill Miller i Stan Druckenmiller.

„Nawet jeśli mają złoto, musieliby je nosić w worku i ktoś mógłby je im po prostu ukraść“. Ale coś, co wykracza poza świat fizyczny, oznacza, że masz totalną agencję, masz całkowitą samowystarczalność i … tak długo, jak pamiętasz swoją kluczową frazę, to jesteś dobry, aby iść“, Lennon opisał Keiserowi i Herbertowi. Doszedł do wniosku:

W oceanie zniszczenia, który był w tym roku, znajduję Bitcoin, który daje mi pewien rodzaj optymizmu.

Zgadzasz się z Seanem Lennonem co do Bitcoin’a? Daj nam znać w dziale komentarzy.

Bitcoin forblir ut av Chinese Institute’s Top 10 Cryptos når bedriftens adopsjon vokser

Kinas senter for informasjonsteknologi og Industry Development (CCID), en organisasjon under landets departementet for industri og informasjonsteknologi, har gitt ut sin 20 th krypto prosjekt rangeringer, og Bitcoin er fortsatt ute av topp 10.

Ifølge Bitcoin.com , av totalt 37 kryptokurrencyprosjekter rangert basert på grunnleggende teknologi, anvendelighet og kreativitet, klarte ikke flaggskipskryptovalutaen å komme inn på topp 10 til tross for å få noen få rangeringer, mens de fire beste posisjonene gikk til EOS, Ethereum ,. IOST, og TRON.

Bitcoin har likevel klatret opp fra 14 th posisjon og er fortsatt over noen andre kjente cryptoassets

Dash erstattet angivelig NEO for å komme inn på topp fem, og ble fulgt av BitShares og Cosmos. Bitcoin kom i 11 th sted på grunn av en heller lav score i “basic tech”, kommer inn under de fleste andre cryptoassets her. Når det gjaldt anvendbarhet, var BTC-poengsummen også under de fleste andre kryptoer, til tross for den økende adopsjonen.

CCID har avdekket at subindeksen for grunnleggende teknologi står for 65% av poengsummen, mens anvendbarheten subindekserer 20%, mens den resterende går til kreativitet. Rapporten kom ut da prisen på bitcoin brøt $ 17.000 tilsynelatende takket være en svakere dollarindeks (DXY) og markedssentimentet var på “ekstreme grådighetsnivåer”.

Prisen på bitcoin har sannsynligvis hatt fordeler av økende bedriftsadopsjon og PayPals nye tjeneste som lar brukere kjøpe, selge og holde kryptovalutaer på plattformen.

Tjenesten er foreløpig bare tilgjengelig for brukere i USA og støtter BTC, BCH, LTC og ETH

I følge et nettsted som sporer bitcoins bruk i selskapets statskasser, har 15 børsnoterte selskaper nå eksponering for BTC, og noen har sett at investeringene deres verdsettes betydelig siden de kjøpte kryptovalutaen.

MicroStrategies ’satsing på $ 425 millioner på flaggskipskryptovalutaen, for eksempel, så at den kjøpte 38 250 BTC, som nå er verdt over $ 640 millioner. På samme måte er Squares 50 millioner dollar nå 78 millioner dollar. Noen av de andre børsnoterte firmaene med bitcoineksponering inkluderer BTC-gruvedrift som Hut 8 Mining, Argo Blockchain og Riot Blockchain.

Grayscale: Bitcoin popularity and COVID-19 pandemic are related

According to the data collected by the investment company, the current pandemic has played an important role in the choices of investors

While the price of Bitcoin continues to rise and traders are trying to reach the new all-time high, the wave of mainstream financial institutions approaching Bitcoin (BTC) is not stopping.

Unlike the 2017 bull run, this time both institutional and retail investors want to accumulate Bitcoin: data on crypto derivatives shows that big players are driving BTC-based product volumes skyrocketing.

The volume of BTC futures per single exchange. Source: Digital Asset Data
The volume of BTC futures per exchange. Source: Digital Asset Data
According to research by Grayscale Investments, a digital investment management company that currently holds over $10 billion in assets under management, the coronavirus pandemic could be one of the main drivers of Bitcoin’s current growth.

According to the company’s survey, 83% of all Bitcoin investors Bitcoin Superstar scam started in the last 12 months, a period when COVID-19 infections were minimal.

38% of current Bitcoin investors surveyed have made their first purchase in the last four months, and among them, 63% said that the economic turmoil caused by COVID-19 influenced their decision to invest in BTC.

Bitcoin is becoming mainstream
Grayscale’s figures also show that Bitcoin is becoming increasingly popular among the general public and investors. In fact, in 2020, 55% of respondents expressed interest in buying Bitcoin, a substantial increase from 36% in 2019.

Almost half of the survey respondents also believe that cryptocurrency will be a mainstream medium of exchange by the end of the decade.

It is likely that the tendency of investors to be attracted to the idea of Bitcoin as a reservoir of value is growing, and it is possible that mainstream adoption may come sooner than many believe. Just think of a recent Citibank report, in which the author estimates that the price of BTC could reach $318,000 by December 2021.

Will Bitcoin become less attractive once COVID is defeated?

According to some investors, the question of how the price of Bitcoin will react to the defeat of COVID-19 is extremely relevant. According to Jonathan Hobbs, author of The Crypto Portfolio and a former digital fund manager, the effects of the pandemic will be felt for a long time, even after the disease itself is finally defeated. Hobbs told Cointelegraph:

„The Covid-19 was the match that lit the flame of institutional adoption. But the wood was already accumulating from before. Now that the fire is burning, however, it will take a lot of water to put it out. When the world is finally free of Covid-19, the economy will still be full of debts.

And central banks will continue to print money to try to get rid of those debts, as they did after the 2008 financial crisis. This means that the narrative that Bitcoin is a good defence against inflation will probably continue after the end of the pandemic“.

It is clear that the massive economic stimulus plans and the expansion of monetary policy have changed the economic picture in the near future. While some analysts may overestimate the impact of the pandemic on Bitcoin’s growth, it is clear that it has played an important role in accelerating investor interest in cryptocurrency.

One of the main positive factors identified by investors are the low barriers to entry into the Bitcoin world and its ability to gain value even when there is a lot of volatility in traditional markets is now proven. That said, these elements are likely to continue to have a significant impact on BTC even when the pandemic ends.