Ripple's daily volume tops $2.3 billion

Ripple's XRP Price Climbs 40% and its daily volume tops $2.3 billion 
24 August 2017   2777

It has been reported recently that the price of XRP is up more than 40%, according to the data provided by coinmarketcap.com. Thus, XRP was trading between $0.23 and $0.24. 

Now, Ripple's XRP not only price climbs 40%, but also increases its daily volume, which now is more than $2 billion.

Ripple XRP charts on coinmarketcap.com Ripple XRP charts on coinmarketcap.com

On august 22nd, Ripple's trading volume soared to $1.45 billion, shattering its previous all-time high. Yesterday, it increased further with 24-hour volume topping out at $2.3 billion at about 12:15 UTC.

It is believed, that such a surge has something to do with the rumours about Korean market showing interest in the cryptocurrency. Notably, the same thing goes to Monero and Ethereum Classic, that have also earned profit from the situation.   

The gossips about a mysterious Ripple's partnership with Asia have begun on the company's social media. Thus, it is believed that Ripple is about to announce a major partnership with a bank or corporation, most likely in Asia. The rumours are based on the fact that Ripple’s Twitter page has been teasing out an announcement about their upcoming conference with a multi-day countdown. Some Twitter users noticed that a geometric resemblance between the shape in the tweet and the Korean subcontinent.

Ethereum Scaling Solution Raiden to Launch Last Testnet

As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second
20 July 2018   162

On Thursday, July 19, at the Dappcon developer conference in Berlin, the last test network of Raiden for the Ethereum blockchain was launched, CoinDesk reports.

The release includes a minimal implementation of the scaling solution, which will allow the transfer of Ethereum tokens outside of the main blockchain. This is the last test phase before the introduction of technology into the core network of Ethereum.

It's the first step towards going to the mainnet. We really want people to really test this so we have a user interface, we have an API and we've created an open Github for everything they could find, so if we go hopefully bug-free on the mainnet.
 

Lefteris Karapetsas

Core Developer, Raiden

According to him, the new release represents an early implementation for the core network and contains a new rewritten code of smart contracts and payment channels that can be restored in case of unintended closure.

Also, Karapetsas urged developers to join the test network to help detect possible bugs, adding that a bounty program will be launched to encourage this activity.

The release date for the main network has not yet been assigned, but the developers intend to follow this earlier promise and launch Raiden this summer.

Karapetsas also promised to publish regular updates and code optimizations after the full release, adding that Raiden will complement other Ethereum scaling solutions that are currently being developed.

Raiden is essentially the payment channel network for ethereum, it's supposed to help us scale token transfers. The long term goal would be to have people use Raiden from a mobile device and be able to make off-chain token transfers just from their phone. That would be the long term vision, it would probably work in combination with various scaling solutions, sharding, plasma, a sort of hybrid.
 

Lefteris Karapetsas

Core Developer, Raiden

Raiden is developing from the 2015 and is written mostly on Python. The project is much like the Lightning Network. As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second.