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Monday, November 29, 2021

LITECOIN CREATOR SUGGESTS MINERS GIVE 1% OF PROFIT

Blockchain and 5G are making headway in the tech space and the creator of Litecoin wants miners to donate 1% of their earning for development of the asset. Let’s start the show. Welcome back to crypto global news, please make sure you like to share and subscribe to the show.

Also, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. Enjoy today’s episode. One of the biggest topics in the mobile industry over the last few years has been 5G.

In an industry that has been craving innovation in this interregnum between the launch of the iPhone and the full-scale integration of next-generation technologies like augmented reality, artificial intelligence and blockchain, the introduction of the 5G network has become a sort of catch-all for carriers and handset manufacturers to lean on as the promise of the future of innovation being just around the corner.

Now with blockchain being used in the mobile space, what will the intersection of 5G and blockchain be in the future? Bitcoins (BTC) risk-return is a different beast compared to even the darling of the stock market of the 2000s, Amazon. That was the conclusion drawn by one of the cryptocurrency industry’s best-known analysts and the creator of a uniquely accurate Bitcoin price model.

Bitcoin has outperformed many other assets than just Amazon, but where does it go next? Will it ever truly meet mass adoption? Just a reminder, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency.

You can find a link to our site in the show notes below. And now, back to today’s episode. In 2019 there were people who felt that stable coins would bring about the mass adoption of cryptocurrencies. In 2020, sentiments are a bit different, with ever-tightening regulation that is putting pressure on investors and companies alike.

The first complication came only 10 days into the year. In early January, the European Union’s landmark Fifth Anti-Money Laundering Directive, or 5AMLD, was signed into law. These extra taxes and regulations are putting a strain on the crypto space.

So what is the right blend of Regulation and financial freedom within the marketplace? Tron has made a name for itself in the crypto asset space and DApp world, although a huge portion of the protocols transactions relies on the gambling industry.

17 of the top 25 most-used Tron DApps fall in the gambling category on DappRadars list of most popular Tron protocol-based DApps. What is the future for the world of gambling and blockchain? Litecoin (LTC) founder Charlie Lee proposed mining pool donations as a new funding method for cryptocurrency development.

I think a better way to fund development is mining pools voluntarily donate a portion of the block reward, Lee said in recent days: Rumors circulated in late 2019 regarding the Litecoin Foundation’s potential bankruptcy, which Lee denied the rumours and went on to say.

Don’t listen to stupid lies, and that they have enough money to last 2 years. Will this plan to get people to donate to the development of litecoin work, and if so how will it affect the growth of the platform in the long run? Many thanks for tuning into today’s episode, please make sure you like to share and subscribe to the show, and don’t forget to check out our new website and cryptognt.com This is where you can find all of the latest on blockchain and cryptocurrency.

Read More: AGGRESSIVE BITCOIN: EOS on COINBASE

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