Bytecoin to Release New Stable API

New, stable Bytecoin wallet, new design, features, and a fast synchronized blockchain will be available for Bytecoin users from March 20
14 March 2018   2027

Bytecoin is a private, decentralized cryptocurrency with open source code that is designed to allow users to take part in the Bytecoin network development. The coin is aimed at providing privacy and security for people using Bytecoin. The reliability of Bytecoin is defined by the total computational power of all the computers that take part in the processing of transactions.

As it is stated in the roadmap of Bytecoin, development team is working hard on the project, and it has already release the public new API beta version on February 6, 2018. The release of the new stable API is scheduled for March 20, 2018.

Bytecoin roadmapBytecoin Roadmap

The new stable API will be concerned with the release of a new, stable Bytecoin wallet, and new design, features, and a fast synchronized blockchain will be available for Bytecoin users from March 20.

As for the future development plans of Bytecoin, the Hardfork will be implemented on June 12, including a new dynamic fee system and deconstruction of the old API. All users are recommended to move to the new wallet by that time.

At the moment of press, these are main market parameters of Bytecoin:

Average price: $0,002915
Marketcap: $535 794 413
24h volume: $4 493 720

Bitcoin May Pass Gold Market Cap, - Novogratz

Mike Novogratz continues to be Bitcoin and cryptocurrency optimist 
25 March 2019   106

The founder of Galaxy Digital, Mike Novogratz, expressed the opinion that over the next 20 years, Bitcoin’s capitalization would “easily” surpass the gold market, currently estimated at $ 7.5 trillion. It is reported by The Daily HODL.

In a conversation with the founder of Morgan Creek Digital, Anthony Pompiano, Novogratz stressed that the inflow of institutional money to the cryptocurrency market is only a matter of time, and major players like Goldman Sachs and the Intercontinental Exchange (ICE) are already mastering a new industry.

I know Goldman for instance is gearing up around securities tokens. They’re not doing anything yet, but they’re getting really ready and looking at all the questions on – where would you store them? Do you have to build your own custody, or can you use someone else’s custody? How to get them to work.
 

Mike Novogratz

Founder, Galaxy Digital

According to him, the growth potential of Bitcoin is strong and therefore it is advisable for investors to include the first cryptocurrency in their portfolios:

I think the macro case for [Bitcoin] is pretty strong. And so, if you can put a couple percent of your portfolio in, there’s a decent chance it catches wind. Fidelity is just getting set up. Bakkt continues to get delayed a little bit, but it’s not going to be delayed forever. They’re going to be in the game. And there’s lots of other players coming.
 

Mike Novogratz

Founder, Galaxy Digital

According to him, the volume of the gold market is $ 7.5-8 trillion and in order to outperform this market, the first cryptocurrency needs to grow in price at least 100 times.

Gold’s got an $8 trillion market cap, or a $7.5 trillion market cap. And so, we’re 100x off on that. We’re not going to get there in Bitcoin in the next year or two. But over a 20-year period, could that happen? Easily. Easily. And that’s giving zero optionality to all the other stuff. And so I think it seems like a pretty smart portfolio bet.
 

Mike Novogratz

Founder, Galaxy Digital

The founder of Galaxy Digital also touched on the topic of bitcoin futures.

The reality is, the CME kicked their butts. And these guys have limited resources on what they’re going to spend their focus, and they decided to spend it elsewhere. Finding leverage in Bitcoin is going to get easier as the architecture in the space gets better. You’re already seeing the lending market around Bitcoin went from 10% to like 3%. So once you can borrow you can short. And so now it’s not so hard to short Bitcoin. It used to be almost impossible to short Bitcoin in 2016… It wasn’t great, but it’s not critical. 
 

Mike Novogratz

Founder, Galaxy Digital

In February Mike expressed the opinion that, thanks to institutional money, Bitcoin will reach $ 8,000.