HOW IS THE PRICE OF A CRYPTOCURRENCY DEFINED?
Cryptocurrencies are a digital cash designed to be quicker, cheaper and more reliable than our regular government issued money. Instead of trusting a government to create your money and banks to store, send and receive it, users transact directly with each other and store their money themselves. Because people can send money directly without a middleman, transactions are usually very affordable and fast. Cryptocurrency is a new revolutionary type of currency. Like any other currency or unit of account, they only have value because people think it has value. Some currencies are backed by gold or other precious metals; others are backed by nothing but hot air although have value because people think it has value and use it as a unit of exchange. Cryptocurrencies were designed as a unit of exchange and as a place to store assets without relying on a central bank.
Bitcoin is a digital currency, sometimes referred to as a cryptocurrency, best known as the world's first truly decentralized digital currency. Bitcoin is traded on a peer-to-peer basis with a distributed ledger called the Blockchain, and the Bitcoin exchange rate to the US Dollar and other major currencies is determined by supply and demand as with other global exchange rates. The traded value of Bitcoin has proven volatile through various booms and busts in demand. Ultimately, however, many see Bitcoin as a store of value against government-backed fiat currencies.
Until relatively recently, building blockchain applications has required a complex background in coding, cryptography, mathematics as well as significant resources. But times have changed. Previously unimagined applications, from electronic voting & digitally recorded property assets to regulatory compliance & trading are now actively being developed and deployed faster than ever before. By providing developers with the tools to build decentralized applications, Ethereum is making all of this possible.
Waves Node;
Waves Node team have grown to 12 people. Now we have 9 Scala developers, 2 QA-engineers and 1 analyst. Two Scala developers, Alexander Makoed and Mikhail Potanin, joined in last month. The team sticks to a stable and effective development process and smooth release cycle. In general, we are able to deliver one release with several new features per month. In order to avoid frequent mandatory upgrades, we decided to roll out mandatory MainNet releases once per two months. The rule is simple: releases will be done every odd month (May, July, Sep, Nov, Jan…). Although new features will appear o
Test Net more frequently, during two-months preparation we will do frequent TestNet releases to collect comprehensive feedback.