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Coinmetrics Data Shows Tron Blockchian Is Faster Than BTC, ETH, ADA And XRP In Term Of Transactions Per Second

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Coinmetrics data shows that Tron (TRX) is the fastest blockchain in terms of transactions per second. Tron throughput exceeds from Bitcoin, Ethereum, Cardano and Ripple.

The other milestone Tron acheive is that Tron users continue to grow and the network exceeds 40 million unique accounts.


The Tron (TRX) network ranks first in terms of the number of transactions per second. The milestone was highlighted by Tron community member @TronixTrx, who explained that Tron has the ability to processes more transactions per second than Bitcoin, Ethereum, Cardano, and Ripple.

TronixTrx shared coinmeterics data in his tweet with a chart to further demonstrate how Tron is leading in the number of transactions per second.

 

A quick glance at the same Coinmetrics data reveals that Tron overtook XRP in January in terms of transactions per second.

2nd Milestone, Total Number Of Tron Accounts Exceed 40 Million.

In terms of network growth, unique addresses on the Tron network have just surpassed 40 million. Project founder and CEO Justin Sun shared this new milestone via Twitter and thanked the Tron community for their support over the years.

 

World Bank Refuses El Salvador Request To Assist With BTC transition

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The World Bank has rejected a request from El Salvador to help move the country towards accepting Bitcoin as legal tender.


World Bank sees concerns with Bitcoin environmental impact and transparency as reasons why they would not support El Salvador decision to accept Bitcoin as an officially accepted currency.

A World Bank spokesperson said:

We are committed to helping El Salvador in numerous ways, including for currency transparency and regulatory processes. While the government did approach us for assistance on Bitcoin, this is not something the World Bank can support given the environmental and transparency shortcomings.

Earlier this month, El Salvador announced plans to pass legislation that would make it the only sovereign country in the world to accept Bitcoin as legal tender. President Nayyib Bukele announced that the country is working on a partnership with digital wallet Strike to create the necessary infrastructure for the adoption of bitcoin and its technology.

On Wednesday, El Salvador’s finance minister Alejandro Zelaya said the Central American country had asked for technical assistance from Banco Mundial (the World Bank).

He said:

I want to announce that we have requested technical assistance from BancoMundial, so that like @BCIE_Org, they can accompany El Salvador in the implementation and regularization of Bitcoin as legal tender.

But world bank refused El Salvador:

 

Earlier El Salvador’s finance minister also consulted with the International Monetary Fund, saying that discussions with the IMF have been positive and that he “is not opposed to the introduction of Bitcoin.” However, the IMF also released a statement saying the organization sees financial, legal and macroeconomic problems with El Salvador’s plan to accept Bitcoin as legal tender.

Vechain Price Analysis: VET Last Line Of Defense

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VeChain price has built a rounding top since May 23 low. A bearish design, and a negative VET outlook that increases the chances to test the 200-day moving average standing at $0.084 which is 22% fall.


VeChain Price disappointed by lack of Investor. VeChain price has not copied bitcoin prices over the past week, trading at a tight range of $0.10059 to $0.1137 since June 8th.

vet technical analysis 17-6-21

The declining 25 and 50 day moving averages that are well above daily price candles and lack of investors demand to be cautious on Vechain.

VeChain price is currently trading near main support level, that include strategically important 200-day MA at $0.084,  200 day moving average could prevent VET from completely collapsing if the support of $0.095 breaks.

 

A trade below $0.095 will confirm that VeChain is declining and the immediate target will be 200-day MA, that is present at a 22% decline from current price. If selling accelerate, VET could hit a May 23 low of $0.066.

If selling is accompanied by a wider cryptocurrency market crash. In this case, VET could break below $0.066 and activate a new bearish narrative going as low as $0.044.

A daily VET close above $0.118 will neutralize the bearish position and potentially drive the VeChain price to $0.138, where 50 day moving average is waiting to act as a strong resistance.  This level has been a main resistance in late May and early June for VET.

VeChain price is looking for a break with recent consolidation, but there has been an increased level of risk since the May crash, and altcoins seem to have a higher risk profile than BTC.

Cardano Price Analysis: Cardano Is Consolidation But Overall Market Is Becoming Bearish-Important Levels To Watch

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As Bitcoin consolidates, altcoins like Cardano may also enter a consolidation phase soon. A break of nearly 20% pushed the ADA price towards $1.64, but after some corrections it was trading again at $1.50.


Cadano may continue to trade at this level for a while, but the market is becoming bearish.

cardano technical analysis 17-6-21

When the ADA price climbed to $1.64, local resistance did not allow the price to break this level. As trading remained limited between $1.50 and $1.64, most of the traders were keen to sell until the next fall.

Read: Nasdaq Admire Cardano As “By The People, For The People” Type Of Currency

There is an ongoing trend reversal in Cradano Market. The Stochastic RSI blue line is crossing the red signal line, which mean that selling pressure on ADA is increasing. Once the crossover is confirmed, the price could be lowered to $1.38.

Read: How Cardano Blockchain Is Changing Everyday Life

Meanwhile, the MACD indicator showed that the ADA is at the end of a bearish trend in early June. Currently MACD indicates that buyers are trying to hold the price and $1.50 support, to start a consolidation phase.

 

Read: Cardano Marketcap Ahead of Coinbase And Roblox, Behind Vodafone Only by $0.9B

The 25 and 50 day moving averages are above the daily price candles, giving strong resistance to ADA price. If these moving averages continue to act as resistance and more buyers don’t come in soon, the price could drop to $1.39.

Report: Bitcoin Whales Holding Between 100 To 10,000 BTC Have Accumulated 90,000 More BTC In The Last 25 Days

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Santiment analyst team shared on Twitter that bitcoin whales have increased their positions in BTC over the past 25 days and now hold half of the total supply of BTC.

Santiment tweet posted earlier today shows that over the past 25 days, the number of wallets holding between 100 and 10,000 BTC has added a total of 90,000 bitcoins to their holdings.

Read: A Comprehensive Long List Of Vechain Food Safety Use Cases

Santiment Writes:

Bitcoin addresses holding between 100 to 10,000 BTC have accumulated 90,000 more $BTC in the last 25 days. They now hold a 7-week high of 9.11m BTC, currently worth a total of 366.89 Billion at this time, and 48.7% of the total Bitcoin supply.

That’s the equivalent of a whopping $3,606,867,100.

Overall, these addresses currently hold a seven-week high of 9.12 million – nearly half of the total Bitcoin supply.

Santiment Tweeted:

 

Earlier, it was reported that owners of Bitcoin wallets, 100-10,000 BTC, bought more BTC in the falling markets. The Santiment chart showed that these purchases had been occurring for almost a month.

Read: Cardano Marketcap Ahead of Coinbase And Roblox, Behind Vodafone Only by $0.9B

Sentiment’s team previously indicated that the whales are confidently buying the fall of BTC. They were in no rush to get rid of their Bitcoin reserves.

Bitcoin Miners Data

Recent data shared by research firm Glassnode shows that miners have also been keeping minted bitcoins. According to the Glassnode graph miners sales of Bitcoin hit a five-month low, currently at $1,725,254.15 in BTC. Miner Outflow Multiple index (7-day MA) also fell to a its lowest (8-month low), reaching 0.886.

Read: How Vechain And Cardano Blockchains Are Changing Everyday Life

 

A Comprehensive Long List Of Vechain Food Safety Use Cases

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The home event of the 2021 National Food Safety Promotion Week was held on Beijing on June 8. This event was led by the Office of the Food Safety Committee of the State Council and was currently the highest standard publicity event in the field of food safety. This year, State Councilor Wang Yong attended and gave a speech, emphasizing the need to vigorously promote the implementation of food safety strategies, and deepen the construction of the food credit system.

Blockchain technology has irreplaceable advantages in building a food traceability system. VeChain is one of the first blockchain technology providers involved in this field. Vechain food safety Use cases summarized in this article span the overseas start-ups with Fortune 500 companies, beverages and agricultural products, etc.


China National Animal Health and Food Safety Innovation Alliance

VeChain joined the China National Animal Health and Food Safety Innovation Alliance (CAFA) and became a member of its board of directors. The alliance is a professional alliance under the framework of the “National Agricultural Science and Technology Innovation Alliance”, which aims to build a shared collaboration platform for governments, associations, enterprises and scientific research institutes. VeChain will use its self-developed blockchain innovative technology products to enhance food safety management capabilities and supply chain transparency, and enhance consumer confidence.

Walmart China Blockchain Traceability Platform

Wei chain as a technical support parties were invited to a Xiwoerma China and China Chain Store & Franchise Association organized 2019 National Construction Safety Awareness Week symposium food traceability system in Beijing to witness the Wal-Mart China block chain traceability platform official launch with Vechain. By now The platform has included more than 100 products. By scanning the QR code on the product, customers can learn about the source of supply of the product and the geographic location information received by Wal-Mart, logistics process time, product inspection reports and other detailed information. The platform has won awards including “Dual Chain Award: Top Ten Blockchain Application Cases” .

Sam blockchain Traceability Platform

Wal-Mart’s high-end membership store, Sam’s Club , has quickly built its own Sam’s blockchain traceability platform based on the flexible technical architecture of the VeChain ToolChain™ platform. In a short period of time, more than 20 categories of products have been included in the Sam blockchain traceability platform-including Sam’s own brand Member’s Mark, a variety of fresh pork, chicken, vegetables, dry goods and other products.

Fresh Dairy Products of “Farm Lovers” Under Bright Milk

The “Farm Lovers” fresh dairy products of Bright Foods launched the BrightCode Commodity Confidence Index platform based on the VeChain blockchain.The platform implements a new business model of Internet of Things equipment + blockchain technology + third-party certification guarantees, monitors the data of the entire product process, and provides consumers with trustworthy and high-quality fresh products.

Pu’er Tea Traceability System in Yunnan Province

The Yunnan Pu’er tea traceability system jointly initiated and developed by VeChain Technology, Cloud Chain Future, Lexun Technology, and Mengkurong has been awarded National important product traceability system certification. At the same time, Mengkurong’s 200,000 classic tea products have become the first batch of tea products to join the Pu’er tea traceability system in Yunnan Province.

KnowSeafood, A Cross-Border Food E-Commerce Platform

All aquatic products sold by the cross-border food e-commerce platform KnowSeafood from the fourth quarter of 2020, including Norwegian salmon, North Atlantic cod, wild red fish, Peruvian scallops, etc., will be traced through the whole life cycle of VeChain technology. KnowSeafood has built a credible link from farmers to consumers, and will expand its share of the North American imported aquatic product e-commerce market.

Norway In A Box

VeChain and DNV have joined hands with Norway In a Box to establish a trusted traceability platform, enabling Chinese consumers to enjoy high-quality products produced in Norway and other Nordic countries with peace of mind. As a start-up project of the cooperation, Norwegian salmon and other seafood products will be the first batch of products on the shopping platform. During the epidemic, imported salmon products, nucleic acid testing proved stored on the CD-chain block chain, consumers can check the scan code.

Sino-French Joint Food Traceability Blockchain Solution

VeChain attended the 2nd China International Import Expo and joined hands with DNV and the world’s leading international logistics and trade group-ASI Group to jointly launch a Sino-French joint food traceability blockchain solution. The Sino-French joint food traceability blockchain solution was the industry’s first product life cycle traceability management solution that combined blockchain and third-party authoritative verification.

Australia-China Supply Chain Alliance

“Australia-China Supply Chain Alliance” is an Asia-Pacific Food Import and Export Cooperation Association jointly initiated by the Australian government, food export agencies, industry standards associations, large food packaging companies and financial giants. It aims to empower cross-border food with blockchain technology Industry, build an efficient, transparent and reliable supply chain financial ecology. The standardized products and tools provided by VeChain can efficiently connect Australian food suppliers, logistics providers, financial service providers, sellers and end consumers within the alliance.

My Care Expands A New Use Case In The Food Field: Italian Agricultural Giant De Cecco

DNV announced the issuance of the My Care infection risk management compliance statement powered by VeChain blockchain technology to De Cecco, the world’s third largest pasta manufacturer. De Cecco can enhance their ability to control the epidemic risk in My Care methodology , including improvements located Fara San Martino Ortona and two pasta factory, an olive mill and a business center located in Pescara, including the various agencies Management level.

Yuhongtai Fresh Pork Blockchain Traceability Solution

Yuhongtai joined hands with VeChain to create a blockchain traceability solution for fresh pork, and took the lead in the implementation of the Meijiada Fresh Cloud Tea Min Pig product line.With the support of VeChain technology, food manufacturers can upload key data such as origin, processing flow, and logistics information to the VeChain blockchain to improve product safety and credibility, build a bridge of trust, and ensure that their high-quality products are highly matched Community users in first-tier cities as required.

A |Century-Old Beef Family Latitude 28°

In order to change the traditional supply chain model and protect product quality, one of Australia’s most influential beef producers, Latitude 28°, a century – old beef family, L28 and VeChain jointly launched a meat traceability solution based on VeChain’s blockchain . Combined with the data certification audit service provided by the third-party authoritative certification body DNV, L28’s products always follow the manufacturer’s unified and high-standard production from the origin to the terminal.

Cooperation With Anhui Tea Industry Association

At the Third Council of the Fourth Session of the Anhui Tea Industry Association and the 70th Anniversary Hui Tea Honors Ceremony of the Yuexi Forum for the Prosperity of the Targeted Poverty Alleviation Industry in New China, VeChain and the Anhui Tea Industry Association signed a cooperation agreement to jointly promote the digital transformation of the tea industry. Provide blockchain solutions for more high-quality tea enterprise users, and gradually build an effective monitoring system for product data.

Shanghai Waigaoqiao International Wine Exhibition And Trade Center (DIG)

The Shanghai Municipal Commission of Commerce and the Shanghai Liquor Monopoly Administration instructed 13 companies including Shanghai VeChain Information Technology Co., Ltd. and Shanghai Waigaoqiao International Liquor Exhibition and Trade Center Co., Ltd. (DIG) to initiate the establishment of ” Shanghai Liquor “Blockchain-like Consortium” . When consumers buy imported red wine sold by DIG, they can scan the QR code on the bottle to obtain basic product information, traceability information and wine details.

Please comment below about your thoughts on Vechain food safety Use cases.

Cardano Marketcap Ahead of Coinbase And Roblox, Behind Vodafone Only by $0.9B

The recent rise in popularity of Cardano (ADA) has resulted in the asset registering significant market cap, surpassing some traditional assets.


Data shows ADA market capitalization as of June 15, 2021 is $50.42 billion, higher than Coinbase $49.43 billion. However, ADA market cap is slightly behind telecommunications giant Vodafone.

Online gaming company Roblox’s market cap of $49.05 billion also lags behind Cardano. The company has secured a dominant position in the US iPhone market, recording $3 million in daily revenue as of June 2021.

Read: Nasdaq Admire Cardano As “By The People, For The People” Type Of Currency

ADA is a relatively new asset and its market cap highlights the tremendous journey that cryptocurrency has made since launch.

Cardano Marketcap

Overall, the ADA market cap is the result of the recent bull run of cryptocurrencies and ongoing Cardano network activity. Since the beginning of the year, ADA has grown more than 750%, ranking as the fifth largest cryptocurrency by market capitalization.

The Cardano ability to matchup with traditional assets by market cap is associated with ADA bullish momentum throughout the year. The cryptocurrency has attracted attention and capital inflows from thousands of investors.

Read: IOHK Researching On ‘Stablefees’ for Cheaper Cardano Transactions

Cardano network has seen wider adoption, and real-world use cases. Cardano signed an agreement with the Ethiopian government to streamline the country’s education system, helping teachers and students share resources to improve productivity.

Read: Mike Novogratz Criticize Cardano “They Have Done Something To Create This Weird Cult” Charles Hoskinson Responded

ADA is also finding its way into the payments sector after Maltese real estate company Dreamflats launched cryptocurrency payments to pay for leases. Payment will be made for the Mercury Towers by Zaha Hadid Architects.

Read: How Cardano Blockchain Is Changing Everyday Life

Cardano continuous network growth and development increase investor confidence in the digital currency. The Cardano blockchain has achieved 100% decentralization in block production, which is an important milestone. Additionally, as part of increasing decentralization, Cardano has also released a new version of the Cardano Node, the Testnet version of AlonzoBlue 2.0. Cardano has stressed his commitment to building a system that will process billions of transactions annually.  In early June, Blockchain-Cardano announced that it was doing research on Stablefees.

Read: The Road To Alonzo Continues-IOHK Launched The Cardano Alonzoblue2.0 Testnet

With the continued growth of the Cardano blockchain, ADA market capitalization is likely to continue to gain more attraction.

Grayscale Buys The Dip Adding $2 Billion in Bitcoin and Other Crypto

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In a recent tweet, Grayscale Investments said that as of Monday, June 14, the total amount of crypto funds managed by its team were worth $35.5 billion. On Friday, June 11, the company announced that the total value of AUM was $33.5 billion. Thats about 2 Billion Dollars addition in crypto funds managed by Grayscale over weekend.


Last weekend, Grayscale bought $2 billion in Bitcoin, Ethereum, LINK, Livepeer, Zcash, Litecoin, and more, in addition to BAT, according to a table posted by the company in a tweet.

Grayscale added another $1 billion in bitcoin, and the rest are other crypto trusts.

Data provided by analytics service Bybt shows that withdrawals from grayscale trusts are still ongoing. Only Litecoin and Livepeer saw the flow of funds monthly, weekly and 24 hours a day.

In terms of other assets, investors have mostly dumped their shares apart from ZEC and the newly added crypto trusts FIL, LINK, LPT  and MANA.

Meanwhile, GBTC continues to trade at a discount of 11.27 percent.

The Road To Alonzo Continues-IOHK Launched The Cardano Alonzoblue2.0 Testnet

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Input Output (IOHK) Hong Kong announced on Twitter that it has launched the Cardano AlonzoBlue2.0 testnet.


 

AlonzoBlue1.0 was launched late last month. AlonzoBlue is part of a series of updates that will bring smart contract capabilities to the blockchain and enable the development of decentralized applications on the Cardano Network.

Read: How Cardano Blockchain Is Changing Everyday Life

It is released in three stages: first blue, then white and purple over time period of 90 days. AlonzoBlue is expected to be completed by the end of August.

The Alonzo update will eventually support an ERC20 converter that will allow the Ethereum based tokens to run on Cardano.

Read: Mike Novogratz Criticize Cardano “They Have Done Something To Create This Weird Cult” Charles Hoskinson Responded

IOHK Writes:

“It is still early code. But this is a crucial building block. This release brings with it the important CLI upgrade. Providing the foundations to build all varieties of smart contract applications further down the line.

Read: IOHK Researching On ‘Stablefees’ for Cheaper Cardano Transactions

Smart Txs enable a user to associate Tx meta-data on-chain and store executable contract data. This opens up the Smart Contracts era on Cardano for our first SPOs and Pioneers to start sending & testing simple smart transactions (Tx) to the Ledger via the Node Alonzo.

Read: Nasdaq Admire Cardano As “By The People, For The People” Type Of Currency

AlonzoBlue SPOs now have 24 hours to update their nodes before running their first test scripts tomorrow. Thanks as ever to ALL the community. The road to Alonzo continues.”

How Vechain And Cardano Blockchains Are Changing Everyday Life

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Yahoo Finance recently published an article about Blockchain use in changing everyday life. The article highlighted Vechain and Cardano blockchain uses in changing life’s.

Read: Top Altcoin To Follow This Week

Blockchain is a revolutionary technology, but the key to its growth is its practical use. While many people know it for its use with cryptocurrencies, there are other ways to integrate blockchain into everyday life.

Read: Popular Reality Television Personality, Kim Kardashian Also Promoting A Shady Crypto Project Ethereum MAX

This ability has captured innovators who use it to improve various areas. From medicine to education, blockchain technology is helping to improve outcomes and change strategies.

Vechain Everyday Life Uses:

  • World’s First Blockchain-based IVF Service App From Vechain And DNV

VeChain has brought the technological potential of blockchain to a new sector in collaboration with DNV and one of China’s most important healthcare facilities, Renji Hospital. The partners launched MyBaby, a blockchain-based service app for In-Vetro fertilization (IVF).

The app purpose is to mitigate the stress associated with IVF process by providing women and their families with a tool to help manage and improve the IVF process. The app enables hospitals to provide better data management services and can help families track their children’s progress.

In addition, the app was created to be a useful tool for reducing the anxiety, depression and stress associated with this process.

Read Also: Ubitquity And Real Items Powered By Vechain Get Together to Leverage Ubitquity NFT Technology

Yahoo Finance Writes:

“MyBaby will be the world’s first blockchain-based IVF service application. With this app, improving data management and providing families with the ability to see the development of their baby clearly, easing some of the pressures of the process.

Read Also: After Successful Launch Of Mybaby, Let’s Look Back On Some Of Vechain’s Prominent Projects In Health And Safety

Due to the immutable nature of blockchain technology, all the information, from imagery produced by medical tools to the delivery of the zygote itself, will be securely uploaded on the VeChainThor blockchain. It will only be available to the authorized users for the MyBaby App.

The project aims to provide all of this while also offering additional security by reducing the number of intermediaries between the production and delivery of the data.”

Read Also: Renji Hospital To Launch The World’s First Blockchain-based IVF Service App Together With Vechain And DNV

  • VeChain Ocean Plastic Cleanup

ReSea Project, a Danish company offering a public solution and Vechain are committed to remove  plastic from oceans and rivers. Resea claimed they were able to clean up 305 metric tons of plastic waste from the ocean, and the results were verified using the VeChain blockchain.

Read: Vechain Demonstrate How Its Advanced Blockchain Technology Contributes To The Fight Against COVID-19 Pandemic

“VeChain’s ToolChain platform documented the entire cleaning process, tracking plastic waste from the point of retrieval to sorting and delivery to the local waste bank. With this solution, ReSea affects the environment in areas with poor waste management.”

  • Digital Certificate protected vaccinations of Covid-19 via E-HCert Application.
  • Bayer AG selected VeChain as tech provider for CSecure, the blockchain solution that allow it to track clinical drugs along the entire supply chain.

Cardano Everyday Life Uses:

Cardano is doing great in Africa. Bringing education to millions of students.

Read Also: Mike Novogratz Criticize Cardano “They Have Done Something To Create This Weird Cult” Charles Hoskinson Responded

Hoskinson believes:

“When these millions of students graduate, as they go into the economy, eventually this infrastructure can be used for buying property, for payments, for voting and all other matters of their economic life,”

Yahoo Finance Writes:

“In Ethiopia, the blockchain is helping improve outcomes for students. Cardano’s recent launch shows how they’re becoming involved in education in the region.

Read: IOHK Researching On ‘Stablefees’ for Cheaper Cardano Transactions

Founded by one of the original Ethereum co-founders, Charles Hoskinson, Cardano might be similar to Ethereum, but it distinguishes itself through a commitment to peer-reviewed academic research.

Read: Nasdaq Admire Cardano As “By The People, For The People” Type Of Currency

In April it announced a partnership with the Ethiopian government that would give it a platform to demonstrate and prove the practical applications of blockchain technology, namely their Cardano network. 

The Ethiopian government signed a deal to create a national database of student and teacher identifications (IDs) using a decentralized digital identity solution.

Read: Cardwallet Passes The Occelerator Incubator Program, And Is Going To Build Cardano First Non-Custodial Full-Featured Wallet For Cardano Native Tokens

The deal involves providing 5 million student IDs across 3,500 schools. The IDs will be used to store educational records for all these students, something that has never been possible in Ethiopia before now.

Hoskinson believes that this deal will go beyond maintaining student records. He feels the technology put in place now will benefit students across Ethiopia for years to come.

Read: Bitrue Exchange Delegated 1,000,000 Cardano To 1LOVE Public Stakepool

Through this system, students won’t have to rely on their final grades to get into university. This will take a holistic approach to view their abilities. It aims to give them a better chance at success.”  

Blockchain technology is being adopted by many large business and companies. Blockchain because of its unique concept is becoming the future.