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The number of pending transactions in the bitcoin memory pool has decreased by 90 percent in the last few weeks. On the Bitcoin blockchain, unfinished transactions are held in the mempool for miners to approve.

As a result, bitcoin fees have dropped significantly.. In addition, it is stated that the prices and transaction times offered by bitcoin fee estimation tools for wallet applications have decreased.. Approval can be obtained within 10 minutes for fees below $1.

Bitcoin fee estimation tool, which has just been implemented in Blockchain, has won the industry’s appreciation.. The estimator works with “satoshis per byte” logic to make a more accurate price estimation.. Accordingly, transactions can be made at a fee of $0.19 with a confirmation time of less than 1 hour.

Bitcoin pioneer and cryptocurrency wallet platform Jaxx COO, Charlie Shrem, tweeted on Thursday that his $2000 transaction was confirmed in 6 minutes and paid a fee of $0.25. explained.

Why did the fees drop?

Towards the end of May, the size of the bitcoin mempool reached 120 GB, breaking the all-time record. The large pool of confirmed transactions caused jams and delays on the bitcoin blockchain.. The delay of the transactions also brought with it higher transaction fees.

The mempool between May 1 and June 15 was quite full as the transactions were not confirmed.. Previously, unconfirmed transactions accumulated in the mempool were cleared when the weekend came, as fewer transactions were made than during the week.. However, when the pool could not be cleaned even during relatively stagnant times, it filled with more processes than usual during the one-and-a-half month period.

The size of the pool suddenly dropped from 120GB to 20GB. Analysts attribute the sudden decrease in size to SegWit. With SegWit approaching, spam transactions are thought to stop targeting the bitcoin blockchain.

Source: Cointelegraph

Cited news: coin-turk

Price analysis: ETH, BTC and LTC (June 22, 2017)

The interest in the Crypto Money Industry, which started with Bitcoin and reached a market size of $ 110 Billion, is increasing day by day.. However, there are some details we need to know before investing in the sector.

Our guest writer, Ahmet ARSLAN, who has been in the advertising technology industry since 2011, is currently working on a blockchain-based project.

With cryptocurrencies. The number of news we read about it is increasing day by day, although there are multiple reasons for this, I think it would not be wrong to show the successful fundraising (ICO – Initial Coin Offering) campaigns of blockchain-based projects as the most important reason.

Last month, Firefox co-founder and JavaScript creator Brendan Eich’s Ethereum-based Basic Attention Token (BAT) project has raised $36 million in less than 30 seconds.

Basic Attention Token, for now (again, Brendan) It runs on a browser called Brave (founded by Eich). Brave blocks all ads that spoil the user experience and consume battery and data pack.

If Brave users agree to see ads, they gain BAT by seeing fewer ads that do not disrupt the user experience.. At first glance, this project, which reminds of “make money by watching ads” companies, is blockchain-based and combined with the history of the founding team, it resulted in a very successful ICO.

From the ICO price determined as 1 Ethereum = 6400 BAT, on May 31. an investor has increased his money approximately *5 times as of today (30 June). (On May 31st, when 1 Ethereum is calculated as $220.)

So what is this ICO?

Blockchain-based projects, in order to bring their roadmaps to life, are exchanged with cryptocurrencies (usually BTC and BTC) from individual investors. they sell their assets to the public by raising funds (with ETH). This process is called Initical Coin Offering (ICO) because it resembles an Initial Public Offering (IPO-).

For example;
We are making 1 Million WebrazziCoins (WBZ) and saying 1,000 WBZ = 1 ETH, We are launching an ICO with a total target of 1,000 ETH.

We are sending WBZ tokens in the amount of ETH they sent to people who participated in the ICO. With this step, the ICO is completed.

The biggest reason why investors are in demand for ICOs is to increase their money several times in the short term, however, the organizers of the ICO offer special opportunities to their investors (For example: Webrazzi Store to users who have WBZ. ..)

You can see the current status of some ICOs in the past in the table above.. (Source: IcoStats.com)

I would like to state that at this point, the tokens you receive by participating in the ICO do not have the same characteristics as the shares purchased in the IPOs.. The stock may pay you dividends, but the only way to profit from a token is to dispose of it at the right time.

How big is the cryptocurrency ecosystem?

Especially platforms like Ethereum, Litecoin, Ripple With the emergence of Bitcoin, the market share of traded Bitcoins fell below 50%.. However, the increase in the number of brokerage houses and the rapid opening of these brokerage houses to process newly released cryptocurrencies positively supported the growth in the market.. As of the end of last year, the crypto money ecosystem, which was $ 18 billion, grew more than 5 times to $ 110 billion in June 2017.

Although the crypto money industry is still in its infancy in our country, the Turkish Forum on Bitcointalk.org is very active. On the other hand, it is possible to see a large number of Turks in the channels of crypto money projects on Telegram and Slack.. You can also buy Bitcoin in exchange for Turkish Lira from companies established in Turkey and use these coins to buy altcoins at intermediary institutions.

What does our government think about the crypto money industry? not very clear. Namely, the CMB published a report in December 2016, which includes the press release of the BRSA in 2013.. Since there is no more up-to-date information, this statement made in 2013 should be taken as a basis in order to express an opinion for the future.. I don’t know if this would be very healthy, but the BRSA says in summary; As of today, it is not considered as electronic money within the scope of the Law, and therefore its surveillance and control is not considered possible within the scope of the Law in question.

The company’s articles of association that I mentioned above, one of the brokers selling Bitcoin in exchange for Turkish Lira, was downloaded from the Official Gazette. when i read that i realized they set up the company as a hosting service provider. We can say that it is obvious that the entrepreneurs and individual investors in our country will adapt to this field in a short time, even if not very quickly.

Things to consider when investing in cryptocurrencies;

As we finish the article, there are a few short words for those who will invest in crypto money. I would like to make a warning and reminder;

• Investing in cryptocurrencies is at least as risky as any other investment.
• All brokerage houses (almost) where you will invest in cryptocurrencies will ask you to provide your identity & passport information.
• Do your research on the assets you will invest in on the BitcoinTalk forum, Slack & Telegram channel, and don’t settle for that, but also check out the team behind the project. Consult information resources such as Reddit, Quora, but do not take the speculators there too seriously.
• Try not to work with brokerage firms with poor customer service (like Poloniex).. Your assets may be stuck, your account may be blocked.
• It will be in your best interest to generally disregard those who say, “Buy this asset outright, sell this asset outright, that asset will not be bought”.. Do your research, do your own reading, and mostly make your own decisions.. (I wrote a short guide for beginners before.)

  Finally; To view blockchain only as a financial investment opportunity would be to look at the big picture from a very shallow vantage point.. In the coming years, we will be seeing and using blockchain-based projects in almost every aspect of our lives such as education, banking, health, and public administration.. I hope that the developers and entrepreneurs in our country will work in this field and form rapidly growing companies, and we will share their success as individual investors in the ICOs they will make ?

  webrazzi news

  Japanese government plans to register all properties in the country on Blockchain

The subsidiary of the German electronics giant Bosch Bosch Brake Systems was established in 1975 and has survived to the present day. Bosch Fren, which produces hydraulic brake systems for vehicles needed by the automotive and spare parts industry, announced that it will suspend production.

Employees will use their annual leave rights

Making a statement to the Public Disclosure Platform (KAP) on the subject, Bosch Fren announced that they will suspend production from 29 July 2020 until 11 August 2020. In the statement made, it was stated that annual leave, holiday holidays and periodic maintenance of the factory will be made. While it was stated that production would be suspended on the said dates, it was announced that the employees would be on annual leave and only duty personnel would remain in the factory.

Vitalik Buterin, inventor of Ethereum, meets with Putin

The number of countries that officially put the Cryptocurrency Industry on the agenda is increasing. Park Yong-jin of the ruling Democratic Party of Korea, revising a bill that will legalize Bitcoin, Ethereum and other digital currencies works for According to the Korea Herald, this was a long-awaited move to protect the Korean people.

This new regulation will revise the Electronic Financial Transactions Law. This means that traders, dealers, brokerages, and others in the ecosystem must now register with the Financial Services Commission in Korea. One of the registration requirements is that each company has a capital of $436,300. The new law will also create a strong regulatory environment that will allow authorities to further deal with tax evasion and other financial crimes in the cryptocurrency space.

No Legal Framework for Bitcoin Trading in South Korea;

Currently South Korea has little or no regulation that controls institutions and businesses. The Korea Herald expresses the politician’s fears on this issue:

“the invalidity of a state-mandated protection that guarantees the value of digital currency”, “that digital currency cannot replace other existing currencies” and “digital currency He stated that the currency bubble burst should offer the possibility of “devastation to the national economy.” Bithumb is up 75.7% by itself. According to MP Park, this is a problem. Because there is no oversight or legal structure that informs a business about what action to take.

Legislators in South Korea have been skeptical about cryptocurrencies until now. Authorities view these assets only as speculative opportunities. Officials particularly criticized ICOs because they seem to be a tool for “irrational gains.”

Legal Considerations of Past Cryptography in South Korea

Current legal action by politicians in South Korea The transactions were shown in June, when lawyer Kim Kyung Hwan highlighted the numerous legal issues surrounding cryptocurrencies.

” In an article published on June 23 in Chosun, Kim said that the Bitcoin price increase is more likely to affect South Korea. He noted that it caused the person to take part. However, the country has no regulations regarding cryptocurrency. This has caused uncertainty and “a lot of distress” for anyone who trades bitcoin, he added, adding: “Regulations are expected to be introduced in South Korea in the near future like Japan.” The government and the Financial Services Commission had difficulty determining whether digital currencies were money, security, or assets. It is still unclear how the South Korean authorities have resolved this issue.

Do you think it’s time for the legal regulations covering the Cryptocurrency industry in our country to come into effect?

Source: bitcoin.com

Cryptocurrency dictionary: Cryptocurrency terms and their meanings

“What is the future of Ethereum?” and “What are the differences between Ethereum and Bitcoin?” We wanted to give a detailed answer to these frequently asked questions.

Ethereum, which emerged only two years ago, has developed in a very short time and has reached a market value of around 30 billion dollars.

Still 23 years old. The reason for this intense interest in Ethereum, developed by Vitalik Buterin, is that Ethereum can bring important solutions in different areas than Bitcoin.

When we look at the technologies that make up the infrastructures of Bitcoin and Ethereum, Ethereum stands out one step further we can safely say. Basically, Ethereum is a faster technology than Bitcoin.. Average block creation time in Bitcoin is 10 minutes. Ethereum, on the other hand, plans to reduce this time to 12 seconds.. This means transactions are confirmed just as fast.

Aside from that, Ethereum has smart contract functionality and with this it differs significantly from Bitcoin.. Thanks to smart contracts, lawyers, notaries etc.. You won’t need any mediators like. In addition, smart contracts not only define the rules and penalties related to the contract, as a traditional contract does, but also ensure the automatic fulfillment of these obligations.

An example of smart contracts

Let’s say you rented an apartment from me. You paid the rental price using cryptocurrency via Blockchain. You receive a receipt included in our virtual contract; I will give you a digital key that will expire on a certain date. If the key does not arrive on time, Blockchain will refund the money you paid.

If I send the key before the rental start date, the system will leave the key to you and the fee to me when the time comes.. Hundreds of people witness this agreement between us and the delivery is smooth.. I can give you the key with peace of mind. Because I am sure of the payment I will receive.

Smart contracts can be used in many areas from finance to insurance, from real estate to loan use.. Apart from eliminating the cost in traditional contracts, smart contracts are a more secure method.

On the other hand, using its own special scripting language, Ethereum also allows the development of decentralized software protocols.. Thanks to these protocols, it is also possible to create thousands of “altcoins” using agreed contracts within the same main operating system and over a single blockchain.

Many people often compare Ethereum and Bitcoin, as we do, but the truth is the point is that they are completely different projects and each has different purposes.

We can only say that the usage area of ​​Bitcoin is more limited than Ethereum.. For this reason, it can be said that the future of Ethereum is brighter.

Putin’s support is important

Russian President Putin also fully supports Ethereum, for Ethereum to become popular We know you’re trying. When we take this into account, it can be assumed that Ethereum can overtake Bitcoin, but nothing is certain in the world of crypto money.

Companies worldwide in cooperation with Ethereum

Finally, worldwide activity giant companies that run the business in cooperation with Ethereum. The number of these companies is increasing day by day.. For now, we can list the prominent ones as follows:

BBVA, BP, Deloitte, ING, Microsoft, Intel, JP Morgan, National Bank of Canada, Samsung, Santander, Toyota, Thomson Reuters

Note:

A more comprehensive article on what can be done with Ethereum’s smart contracts will be published in the coming days.

How did the value of Ethereum increase 5 times in a month?

An unhackable, indelible database system just like DNA. It has the potential to radically change our entire relationship with money and information.. Will the world return to the barter model? How will Blockchain change our lives?…

TechnologicalCTO of Hitachi Data Systems, known for his technological insights and shown among the most influential names in the world, Hubert Yoshida, as a speaker at the World Cities Expo When he came to Turkey in May, he talked about the technologies that will shape the future.. “Blockchain’s impact on the world will outweigh the internet.. Saying that the Internet is information and Blockchain is a value network,” Yoshida turned attention to the ‘blockchain’ technology with this assertive sentence.. Yoshida added that the real power of Blockchain, which introduces itself as the technology behind the digital currency Bitcoin, is greater than money.

PRODUCT DİRİER / MONEY MAGAZINE

Okay. What is Blockchain? Many people think it’s just a system that allows illegal Bitcoin transfers, obscuring money.. Yes, it was in the beginning, but today it is a hero used for new technologies and seems to radically change capitalism’s perception of value.. In fact, according to some experts, a technology that will allow human civilization to return to barter, enabling us to live on much less money.. To exaggerate a little, he is a revolutionary who will completely eliminate the intermediaries and question the reason for the existence of the banks! On the other hand, for this very reason, he can be an antihero that will cause a serious employment crisis all over the world and take away people’s jobs.. We’re not entirely sure about any of them yet.

The DNA CHAIN ​​THAT CANNOT BE HACKED
Blockchain is named by many experts as the most secure database system today. It is considered so secure because the encrypted shadow of the data, called the ‘hash’, is simultaneously stored on tens of thousands of computers around the world.. Imagine transferring money, obtaining copyright, recording your health or e-government information, or transferring title. The shadow of the relevant transaction or data is stored in a chain on tens of thousands of computers around the world, together with the shadows of similar data of other people in the world.. So it is not possible to lose information. Because in order for a database to be hacked, all servers and tens of thousands of computers in the world must be hacked.. This is technically impossible unless the world is taken over by an evil AI like in the movies.

For clarity, you can think of the blockchain as a DNA chain.. Hundreds of thousands of information about a person such as kidney, skin tone, nose shape, eye color, brain functions, disease predispositions, nail model, hair density can be kept in a single DNA chain.. Imagine if ten million DNA samples from this human were distributed to all the freezers of the world.. Even if someone is harmed, for example mutated or the freezer breaks down, there is always another.

Quote News: ahaber.com.tr

Sabancı Holding and Skoda applied to acquire TEMSA

Venezuela has been under economic depression for a long time. In addition to the economic depression, thefts and murders have increased considerably in the country, which is shaken by corruption. >

In this economic depression, it was known that many Venezuelans started to invest their money in Bitcoin. Even a Bitcoin exchange was opened in Venezuela.

Bitcoin volume doubled in Venezuela

According to the report published by Bloomberg this week, the demand for cryptocurrencies in Venezuela continues to increase. Bitcoin volume this week has surpassed $1.3 million, almost double the level of two months ago.

The volatility of cryptocurrencies is minimal compared to the country’s devaluation (6000 Bolívars is $1).

Cryptocurrencies are seen as a simple and secure solution to the need for stable currencies in countries where the value of currencies is destroyed by government practices, as they are not tied to a centralized system.

E-Branch opened in car rental company Avis

Tofaş, the foundations of which were laid by Vehbi Koç in 1968, made an important decision for the Doblo model. Tofaş, one of the most important names in the automotive industry, extended the deadline for the production of Doblo models.

28 million euros will be invested

Production for Citroen, Peugeot, Opel and Vauxhall brands as well as Fiat Tofaş aims to export more than half of the more than 1 million vehicles expected to be produced. In the statement made to the KAP, it was stated that the investment made for the production of 1 million 250 thousand vehicles was 28 million euros, and it was reported that the production of Doblo will start in the middle of 2021.

Bitcoin Reaches New Record $2,000

Cryptocurrency enthusiast, who bought 3,809 Ethereum for 10 cents for 10 cents in a few seconds, became a millionaire.

On Wednesday, only 38 at the $0.10 exchange rate during the instant drop in Gdax Exchange. The lucky follower who bought $09 in Ethereum got $1,264 million at Coinmarketcap’s current rate. It is certain that this person, whose identity we do not know, will go down in history.

It is possible to earn daily or even instant gains by trading Bitcoin, ethereum and all other cryptocurrencies with a strict follow-up. The most dreaming picture of the enthusiasts who make this transaction is that the cryptocurrency purchased at a very low rate rises to high rates in a short time. In this event, it has taken its place in history as a trade that perhaps adorned the dreams of millions of trading enthusiasts.

See also; Ethereum drops to $0.10

Image excerpt; coinbulten

Bitcoin to Become Legal in India After 3 Years of Work

The leadership of Zebpay, one of India’s major cryptocurrency exchanges, and Coinsecure, Unocoinexchanges, the work that has been carried out for 3 years has finally returned and the Indian government (BTC) has signaled that it will carry out legal studies on Bitcoin.

Despite the negative attitude of some politicians

strong> The Government of India has decided that work will be started in a short time to regulate the market and provide different opportunities for Bitcoin

The director of ARK Invest, a New York-based investment advisory center Chris Burniske, sent a Tweet In , he mentioned that transaction volumes are rising in India and that India currently accounts for 11% of Bitcoin>Dollar transfers.

Hello #India 🇮🇳 we’ve been expecting you! Very curious to see where this goes for #bitcoin. h/t @BKBrianKelly pic.twitter.com/9uacy5GZH9

— Chris Burniske (@ARKblockchain) June 15, 2017

This legalization movement We have no doubt that we will experience more activity in the Bitcoin market after that, we expect the same movement for Turkey.