IOTA announces next step to decentralization – May 28

πŸ“ˆ 30 Second Price Summary

Current Bitcoin Price:Β $8668

Following yesterday’s pump, the cryptocurrency market is down an average of just under 1%. Bitcoin and Ethereum are staying close to the market average, while XRP has actually trended upwards almost 3% on the daily. EOS, Bitcoin SV, DASH, IOTA, and Ethereum Classic are also up by at least a few percent today, while most other coins are down between 1 and 4%.

Top Stories for 28th May 2019 πŸ”₯

πŸ‘‰ IOTA announces next step to decentralization

If you’re familiar with the cryptocurrency project IOTA, you’ll know a few things:

  • It’s intended to be a currency.
  • It doesn’t use regular blockchain technology — instead, it uses a ‘tangle.’
  • Until now, it’s been a centralized protocol due to the need for a ‘coordinator’.

IOTA has just announced their Coordicide solution: a technical solution which will allow the project to remove the need for the Coordinator. The solution is currently theoretical, and will be developed over the coming months.

πŸ‘‰ Novogratz calls for Musk to tokenize SpaceX

What with Tesla, SpaceX, and others, serial entrepreneur Elon Musk has been burning through cash reserves faster than ever. Mike Novogratz, the well-known Bitcoin bull and former hedge-fund manager, thinks he has the solution.

Novogratz jokingly wrote on Twitter that he “wish[es] they would tokenize SpaceX”, suggesting that he would help invest in the project especially if by means of a security token.

πŸ‘‰ Virtual blockchain dress sells for $9,500

By now you’ve probably heard stories of physical goods being tracked on the blockchain, but there aren’t many examples of blockchain-only goods, aside from Cryptokitties — an Ethereum-based game where users can trade virtual cats.

Well, a dress has been sold on the blockchain for $9,500 by Dutch startup The Fabricant. The dress, which exists only as a set of blueprints on the blockchain, could one day be created in real life if the new owner so desires.

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