Plasma Can Save Ethereum From CryptoKitty Level Congestion

Earlier this year, Ethereum co-founder Vitalik Buterin and Lightning co-author Joseph Poon announced Plasma, a second-layer scaling infrastructure for the Ethereum protocol. In a recent blog post, the development team behind Bankex, an Ethereum-based open-source digital asset exchange, noted that the implementation of Plasma could reduce the congestion of the Ethereum blockchain network which continues to increase the fees of Ether transactions. Currently, as the most popular and widely utilized decentralized application, CryptoKitties accounts for approximately 20 percent of the Ethereum network’s daily transaction volume.  An application like CryptoKitties which…

Ripple Becomes Largest Altcoin As Bitcoiners Issue War… | News

Ripple (XRP) has overtaken Ethereum as the largest altcoin by market cap in a surge which has divided the cryptocurrency community. After the payment network’s token reached as much as $2.65 on some exchanges this week, investors are celebrating returns which have topped 1,000 percent in just three weeks. At the start of December, XRP traded at just $0.24. Multiple altcoins have seen astronomical gains towards the end of this year as Bitcoin’s own surge fueled copycat behavior which saw new all-time highs for assets including Monero, Ethereum and Ethereum…

Long Island Iced Tea Shares Surge 300% after Blockchain Rebrand

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Long Island Iced Tea Corp. shares jumped close to 300 % shortly after the company rebranded itself as Long Blockchain Corp., the most recent example of a little-known microcap company gaining valuation by announcing a connection to blockchain technology. The company had a market value of about $67 million following the stock price surge. Source: Long Island Iced Tea Corp. Long Blockchain, based in Hicksville, N.Y. and having not posted a profit, joins a growing list of…