Back

Bitfinex Launches P2P Protocol for Data Streaming Dazaar

News
Tue, 06/23/2020 - 15:19
Vladislav Sopov
The Bitfinex cryptocurrency exchange ecosystem teased the launch of Tron's BitTorrent competitor. The Dazaar P2P data protocol will start operations on June 25th, 2020
Bitfinex Launches P2P Protocol for Data Streaming Dazaar
Cover image via stock.adobe.com
Contents

The new product will act as a peer-to-peer data hosting service designed to eliminate the need of a single centralized storage of data.

Speed, scalability, decentralization

According to the official Bitfinex announcement, the new product is an extension to the HyperCore protocol. The team emphasizes that Dazaar will be highly focused on hyper-scalability, end-user privacy and decentralization.

Dazaar protocol for data sharing will be launched by Bitfinex
Image via Twitter

Dazaar has a lucrative scheme of monetization with no third-party intermediaries involved. It will be based on Lightning-powered micropayments.

A seller of data will receive a Dazaar Card to identify their information and provide access to it for buyers. The price of access will be customized by the seller.

Once the buyer finds a Dazaar Card with the information they are interested in, they send a reward to the seller. The seller confirms the receipt of the transaction and the data stream starts.

The protocol and the application

The Dazaar protocol will be accompanied by the Dazaar Vision application. It will allow users to broadcast video streams and, thus, monetize their social exposure. 

The product will require no sign-up or registration. Both releases will be live on June 25th, 2020.

As covered by U.Today Crypto News, Bitfinex recently initiated the migration of all Ether-based USDT transactions to the Plasma infrastructure by OMG Network (OMG).

Just like the upcoming Dazaar release, the migration will solve the scalability and speed issues related to the throughput of the Ethereum (ETH) blockchain.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)