Definitely not a Scam: more than 50 percent Hasrat Bitcoin Cash controls one pool

The centralization of Bitcoin Cash has reached a new level — now half Hasrat cryptocurrency controls only one pool. According to experts CoinDance, mining pool BTC.TOP today responsible for 50.2 per cent Hasrat BCH. Its total capacity is 679 peachesa per second. BTC.TOP shares money with BTC.COM (257 of peachesa), ViaBTC (215 peachesa), AntPool (125 peachesa) and Bitcoin.com (187 peachesa).

Centralization as it is

Today the main topic of discussion in the Bitcoin community Cash is a high probability of an attack 51. Earlier cryptocurrency Roger Faith have not once criticized for being too centralized. The project has not passed the “stress test” an anonymous developer under the name Bitpico. The programmer found out that 98 percent of all the BCH node connected to one server, which could lead to a potential break-in.

The Central aspect of any decentralized blockchain is the ability to withstand pressure on the system and to prevent the intervention of any centralized organization. Attack 51 itself carries a great danger for the cryptocurrency, as it can totally destroy any project.

Recall another fork of Bitcoin Bitcoin Gold has suffered from the attack. 51 in 2018. Hackers for several days to re-spend coins BTG and the total amount stolen $ 18 million.

In some cases crossing the 50 percent barrier may occur unintentionally. In 2014, the GHash pool.io has “captured” more than half Hasrat Bitcoin. After a wave of disturbances in cryptocommunist the pool management decided to reduce their capacity so as not to undermine a lucrative business.

BTC.TOP can go on the same way. If a large miner will agree to reallocate processing power within the network of cryptocurrency, it will increase investor confidence in Bitcoin Cash. Otherwise, the BCH may be endangered.

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Ripple technology saves 40 to 70 percent for international transfers

Ripple has published the results of their pilot programs xRapid.

In the report on the results of pilot programs focused on cryptocurrency XRP. The authors of the report also state that the pilot program has demonstrated significant savings on commissions, as well as a significant increase in speed of transaction. In recent months the company announced several partnerships with companies that have tested how technology xRapid and technology xCurrent, which does not use XRP.

The head of the grocery division Ashish Birla said that the report is based on 7 pilot projects, and the results of all seven projects are similar to each other. Total savings ranged from 40 to 70 percent. Ashish also said that the international transactions are in minutes, compared to a period of several days as with conventional transfers.

Participants in the pilot projects reacted the same way:

Wow, all this happens in seconds. It’s just impossible under the current financial system!

The average time of passage of the transaction is equal to several minutes, however, the translation itself, which is based on XRP takes a few seconds. The rest of the time it takes to convert Fiat currency to XRP and back through the local exchange.

To process and convert the translation to the local currency takes a few minutes.

Now Ripple plans to move from pilot programs to full-scale projects, although some specific plans for this issue yet.

We will continue working on pilot programs, and finally finished the work on the product. The next step in this direction is the transition from pilot customers to serious proportions.

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