Market Update 5.10.18 – Version 1 of Ethereum’s Casper Released
Market News
Version 1 of Ethereum’s Casper Released
The code that is responsible for Ethereum’s economic consensus protocol, Casper the Friendly Finality Gadget (FFG), has just been upgraded. A new, planned version of Casper was released by the network’s developer, Danny Ryan, this week. He posted the Casper’s v0.1 “First Release” code on GitHub.
Casper FFG was released for the first time last year in October with the purpose of resolving open questions related to economic finality via validators’ deposits as well as crypto-incentives. This new upgrade reportedly unites Proof-of-Work and Proof-of-Stake consensus mechanisms and is expected to eventually migrate to Proof-of-Stake.
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Bitmain Releases Antminer Z9 Mini
The mining hardware maker Bitmain launched the Antminer Z9 Mini, a new Application Specific Integrated Circuit (ASIC) mining device that is targeted at mining all cryptocurrencies that are using the Equihash Proof-of-Work code. The biggest cryptocurrency to use this hash protocol is Zcash. Zcash, among others, has been using the Equihash PoW code to stop ASIC miners from being able to mine the cryptocurrency, so that GPU users could mine the token.
Bitcoin Gold, which also uses the same PoW algorithm has announced that its next fork is going to ensure that blocks are created in the network for ASIC mining.
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JP Morgan has a New Blockchain Head
JP Morgan has appointed a new Blockchain lead – Christine Moy. Moy took over last month from Amber Baldet, who left the company to form an as-yet-undisclosed startup. Baldet is one of the most prominent figures in today’s Blockchain arena, so Moy has big shoes to fill – and a challenge to solve as soon as possible.
Just before Baldet quit, work was leaked that JP Morgan was planning to spin-off its Quorum division into an independent entity. This is not because the division is struggling. Rather is has become too successful, with more than 20 organizations within the Ethereum Alliance alone that wish to build on the Quorum platform. The challenge that Moy will have to face is how to handling the growth or independence of this platform.
Find out more here.
Total Market Cap: May 10
Trading volume in the cryptocurrency market dropped slightly to $21.42 billion. In the last 24 hours, market capitalization of the industry has been at $437.66 billion.
Bitcoin Price Analysis: May 10
The price of Bitcoin in the last 24 hours has gone up by 3.15% to $9362.42. The virtual currency’s trade volume is $6.94 billion while its market cap is $159.33 billion.
Ethereum Price Analysis: May 10
The token price of Ethereum went up 4.75% to $763.94 in the last day. Trading volume for the crypto is $2.75 billion and its market capitalization is now $76.14 billion.
State of the Top 10 Cryptocurrencies: May 10
Trading for the top ten cryptocurrencies saw positive gains since yesterday’s drops. All the top ten digital assets’ prices were up at the time of this writing. The biggest gainer was Bitcoin Cash, which showed a price jump of 8.07% to trade at $1663.83 since yesterday.
- Bitcoin token prices went up 3.15% to $9362.42. Market capitalization is $159.33 billion.
- Ethereum token prices went up 4.75% to $763.94. Market capitalization is $72.59 billion.
- Ripple token prices went up 3.21% to $0.806044. Market capitalization is $31.57 billion.
- Bitcoin Cash token prices went up 8.07% to $1663.83. Market capitalization is $28.48 billion.
- EOS token prices went up 2.2% to $18.09. Market capitalization is $15.31 billion.
- Litecoin token prices went up 3.44% to $160.34. Market capitalization is $9.05 billion.
- Cardano token prices went up 1.98% to $0.320270. Market capitalization is $8.30 billion.
- Stellar token prices went up 1.83% to $0.376461. Market capitalization is $6.99 billion.
- IOTA token prices traded flat at $2.30. Market capitalization is $6.40 billion.
TRON token prices went up 1% to $0.081057. Market capitalization is $5.32 billion.