Economic news

Bitcoin's April rally continues, no slowdown

Bitcoins, having risen by 20 percent last week, extended their gains on Wednesday, having added 0.57 percent to $5,263.14 at 12.20 GMT, while prices for other types of cryptocurrency not only maintained a positive attitude, but also increased their profits. This begs the question, what happened in the world of digital currency?

bitcoins extends gains 1004Photo: Pixabay

Although bitcoin prices have grown, but above all here is to attract and retain customers for projects that use cryptocurrency, comments a representative of Flipside Crypto.

The most promising projects are focused on cryptocurrency vulnerabilities eliminating, namely scalability, the ability of blockchains to efficiently and quickly handle cryptocurrency transactions. The Lighting Network service is a second level system of blockchain networks aimed at faster transaction throughput for faster processing of payments, on terms of lower processing fees.

The next day after the increase in the cost of Bitcoin for 20 percent, on April 3, the developer of higher mentioned service, announced the launch of the Lightning Power Users application, designed to facilitate the acceptance of payments in digital currency.

Today, the service can process up to 5 transactions per second, whereas for comparison, Mastercard and Visa can process more than 5,000 such transactions during the same time.

As for the dynamics of prices for bitcoins, since the beginning of the year on Monday there was a bitcoin jump to more than $5,300 the first time since November of last year.

Other cryptocurrencies, less known as Bitcoin also showed an increase, for example, Litcoin grew by 1.12 percent to $88.67, Bitcoin Cash added 1.57 percent to $303.50, Etherum rose by 1.33 percent to $180.15, Ripple increased its value by 1.12 percent to $0.3563.

Judging by the fact that Bitcoin registers more often than not its increase one can say that the excitement around this type of currency is not in vain, something has changed on its territory and projects that involve Bitcoin step out from the shadows.


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree