Crypto Analyst Delivers Bitcoin Breakdown Alert – BTC, XRP, Ripple, Litecoin Update!
Bitcoin analyst Josh Rager is warning traders not to be fooled by this week’s bounce from about $6,650 to a high of $7,800.
Ripple is looking for a key player to help grow the company’s XRP-based remittance product called On-Demand Liquidity.
Director of the Litecoin Foundation, Xinxi Wang, says both the Litecoin and Bitcoin networks are slow out of necessity.
At the recent BlockShow conference in Singapore, Wang said slow transaction speeds are the current trade-off in order to ensure true decentralization.
“I do believe there’s always a trade-off between the three. For example, for Bitcoin and Litecoin, we always choose decentralization and security instead of scalability.
That’s why Bitcoin and Litecoin are all very slow. They can handle like seven or 28 transactions per second. But for some other applications, like the payments system that China is building, they have to handle billions of transactions every day. So they have to choose security and scalability instead of decentralization.”
https://dailyhodl.com/crypto-analyst-delivers-bitcoin-breakdown-alert-btc-xrp-ripple-litecoin-update/
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