sarahxia618
Contributor
Recently, employees of the US UNDCP revealed a noteworthy bitcoin news. The high circulation of Bitcoin makes its application far superior to other cryptocurrencies. Exciting news? Is your confidence in Bitcoin picked up a little bit again?
Lilita Infante, an employee of the US UNDCP, concluded that after analyzing the purpose of the encrypted digital currency, the illegal activities and speculation in the Bitcoin blockchain have undergone major changes in the past five years. The main illegal activities became speculative activities. She also said that the vast majority of illegal transactions are still carried out through Bitcoin activities, rather than anonymous and powerful currencies such as Monroe and Zcash. She believes that the reason users make such choices is because the latter is less liquid.
At present, the average daily bitcoin trading volume is 5.26 billion US dollars, which is much higher than Dash, which has more powerful privacy protection performance. Dash currently has an average daily trading volume of approximately $181 million. Zcash's average daily trading volume is about $116 million, while Monroe's is less than $32 million. Among the above currencies, Coinbase, the top encryption digital currency trading institution, only supports Bitcoin transactions, while other popular trading service platforms such as Uphold support Bitcoin and Dash.
The latest statistics show that BTC has been transferred frequently and largely recently. September 4, 2018 News: The first wallet address of the Bitcoin Rich List has received 2,6849.5 bitcoins since August 30.
In addition, the hacking incidents related to encrypted digital currencies are expected to increase by about 10 times throughout the year. In the first half of this year alone, hacker’ attacks on encrypted digital currencies have directly caused billions of dollars in losses. Jameson Lopp, former chief engineer of BitGo and current engineer at CasaHODL, also revealed that as of July 2018, 4 million bitcoins were lost in the Bitcoin network and 2 million bitcoins were stolen (although hacking is not a positive message. However, it can be seen from the side that Bitcoin's liquidity is large and its value are widely recognized, I’m optimistic about btc price in this term).
Liquidity and circulation are important indicators for measuring the current value and future development of a currency. Due to its first-mover advantage and the market's dependence on it, It is understandable that bitcoin to lead the cryptocurrency circulation. However, it remains to be seen whether it can withstand the test of competing products.
Lilita Infante, an employee of the US UNDCP, concluded that after analyzing the purpose of the encrypted digital currency, the illegal activities and speculation in the Bitcoin blockchain have undergone major changes in the past five years. The main illegal activities became speculative activities. She also said that the vast majority of illegal transactions are still carried out through Bitcoin activities, rather than anonymous and powerful currencies such as Monroe and Zcash. She believes that the reason users make such choices is because the latter is less liquid.
At present, the average daily bitcoin trading volume is 5.26 billion US dollars, which is much higher than Dash, which has more powerful privacy protection performance. Dash currently has an average daily trading volume of approximately $181 million. Zcash's average daily trading volume is about $116 million, while Monroe's is less than $32 million. Among the above currencies, Coinbase, the top encryption digital currency trading institution, only supports Bitcoin transactions, while other popular trading service platforms such as Uphold support Bitcoin and Dash.
The latest statistics show that BTC has been transferred frequently and largely recently. September 4, 2018 News: The first wallet address of the Bitcoin Rich List has received 2,6849.5 bitcoins since August 30.
In addition, the hacking incidents related to encrypted digital currencies are expected to increase by about 10 times throughout the year. In the first half of this year alone, hacker’ attacks on encrypted digital currencies have directly caused billions of dollars in losses. Jameson Lopp, former chief engineer of BitGo and current engineer at CasaHODL, also revealed that as of July 2018, 4 million bitcoins were lost in the Bitcoin network and 2 million bitcoins were stolen (although hacking is not a positive message. However, it can be seen from the side that Bitcoin's liquidity is large and its value are widely recognized, I’m optimistic about btc price in this term).
Liquidity and circulation are important indicators for measuring the current value and future development of a currency. Due to its first-mover advantage and the market's dependence on it, It is understandable that bitcoin to lead the cryptocurrency circulation. However, it remains to be seen whether it can withstand the test of competing products.