Coinspeaker Guangzhou Int’ l Vending Machines and Self-service Facilities Fair (China VMF 2020)Date: March 4th-6th, 2020Venue: China Import and Export Fair ComplexWebsite: http://www.chinavmf.com/index.php?lang=en Address: No.380, Yuejiang Middle Road, Guangzhou, ChinaChina’s Vending Market & Industry Are Growing at a Breakneck Pace!In recent years, China’s vending machines have grown at 30% CAGR. It is predicted that by 2020, there will be 138 million vending machines in China, yearly selling up to 100 Billion Yuan of fast-moving consumer goods according to a report by Forward. Meanwhile, China has become the biggest vending machine manufacturer and exporter in the world, with Guangdong contributing most of the export volume.Preview of China VMF 2020Receiving unanimous praise from worldwide insiders for the past few years, China VMF has become the most popular and largest annual exhibition in the global self-service vending industry. With 86% exhibitors from 2019 looking forward to 2020, it is expected that China VMF 2020 will congregate 700 exhibitors on a show floor of 50,000 sq.m. We have specially set aside a well-located International Pavilion for our overseas exhibitors to achieve better results.Review of China VMF 2019Hosting 365 exhibitors occupying 13,045 sq.m net exhibition area, China VMF 2019 registered 32505 visits in 3 days. Exhibitors were grouped in 3 themed exhibiting areas — Vending Machines & Self-Service, New Retail & Payment Solutions, and Fresh Delivery & Cold Chain Tech Equipment—each featured with key players from its category, such as Fuji Electric, Sanden, Bianchi, Easy Touch, YoPoint, LE Vending, Foxconn, TCN, Holo, Comma, DeepBule, Superlead, CPI, Nayax, Union Pay, laqtia etc.Exhibition ScopeVendingMachines;Self-ServiceMachines;MicromarketUnmannedStores;PaymentSolutions;OfficeCoffeeServices;VendingItems;Accessories;Logistics & Cold Chain for Perishable Vending Items;Vending Machines Management & Operation; etc.Guangzhou Int’ l Vending Machines and Self-service Facilities Fair (China VMF 2020)
Coinspeaker Equilibrium and EOSDT To Host Crypto DeFiance Event During BlockShow Asia 2019Premier blockchain conference BlockShow Asia, the DeFi developer framework Equilibrium, and the EOS-based decentralized stablecoin EOSDT will host the inaugural edition of its Crypto DeFiance event in Singapore on November 16.Crypto DeFiance will unite blockchain pioneers, dApp developers, cryptocurrency traders, and the global community of crypto enthusiasts for a day of keynote presentations, panel discussions, and wide-ranging exploration of decentralized finance topics. Attendees will rapidly expand their understanding of DeFi regulation, dApp development, and how this technology is leading to real-world use cases that make a positive impact in developing countries.The day-long agenda is packed with names that are sure to be notable to anyone paying attention to this space. Reps from prominent companies like Bancor, MakerDAO, Changelly, Equilibrium, Huobi Global, and Bequant (among many others) will be on stage to share their expertise, answer questions, and generally raise the profile on financial technologies working to evolve the world economy.From crypto hedge fund founders to crypto exchange CEOs to crypto podcast hosts, Crypto DeFiance will send ripples throughout the world of decentralized finance.You can check out the full speaker lineup on the Crypto DeFiance site. Even though the agenda is already packed full of quality programming, the site specifies that more speakers will be announced soon.This event will be completely free for those holding a pass to BlockShow. Tickets to attend Crypto DeFiance on its own are $75, but you can get a $25 discount by paying in EOSDT, the USD-pegged stablecoin that happens to be the first project built on top of the Equilibrium framework.This event is aimed at anyone wanting more light and clarity on the future of decentralized finance. If the thought of meeting blockchain leaders, discussing DeFi topics, and making ready for the future of financial technology appeals to you, then don’t miss this event.Equilibrium and EOSDT To Host Crypto DeFiance Event During BlockShow Asia 2019
Blockchain technology is predominantly associated with crypto. As a distributed ledger system, it is designed to ensure transactions are properly recorded and that there is solid, truthful evidence of money, assets or other property transferring from one party to the next.
What Is the Power of Blockchain?
What not a lot of people realize, however, is that blockchain has a lot of other uses that don’t necessarily apply to finance. Perhaps the big stickler is that blockchain can potentially serve supply chains and ensure that all items being shipped from one point to the next are valid and real. Through blockchain, one can monitor an item from the early days of its creation to its final point of sale.
For Amber Baldet, a board member of the Zcash Foundation, blockchain can assist in boosting trust. One of the big problems with the financial space is that when a transaction occurs through traditional payment systems, third parties are required to ensure the transactions go through. During this time, money can potentially be stolen, or the financial platform can be infiltrated by malicious actors.
With blockchains like Zcash, middlemen are removed from the process, but the system is not entirely private. As with bitcoin, Zcash operates in a way that allows people to retain control of their data and keep themselves marginally hidden, but in the end, every transaction is technically visible granted enough information is left behind for viewers to see.
While this may sound like a serious privacy issue, Baldet seems to suggest that an entire history of transactions being visible ultimately creates a system where everyone is equal. The proof available for each transaction ensures that trust remains constant, as customers can rest assured their information will never be compromised, go missing or be wiped clean.
Moving Towards a Decentralized Future
In a recent interview, Baldet discusses Zcash and its present blockchain structure. She says:
[Zcash really is] keeping on this idea of a technically pure privacy solution to digital cash as their north star. There are certainly people who can flame each other on Twitter about whether that goal is being achieved. Most of the transactions in the Zcash network are just as public as bitcoin ones. For people who don’t participate or play with bitcoin, they might not realize that it’s not as private as maybe the news has made it out to be. It’s pseudonymous, so as long as you keep some information private, it’s hard to trace back to you.
At press time, Baldet is working on a new app project with a company called Clovyr. The app is designed to assist companies with infrastructure coordination and assist laborers in obtaining data from several access points. She’s also confident that in the coming future, all applications will be decentralized.
The post Blockchain Works Because It Boosts Trust, Says Zcash Board Member appeared first on Live Bitcoin News.
Libra has been a hot topic of debate lately, and now, executives of both Ripple and Ethereum are adding their thoughts to the mix.
Libra Is Still Having Some Trouble
Libra is Facebook’s new stable cryptocurrency. Designed to be a global payment system, the currency can be utilized via social media to purchase goods and services. Unfortunately, at the center of the project is a serious trust issue – one that seems to be growing larger with each passing day.
This is the sentiment of Ripple’s Brad Garlinghouse and Ethereum’s Joseph Lubin, who both say Facebook hasn’t done enough to garner trust back from its users. Garlinghouse recently claimed that Libra was suffering from a “deficit of trust,” and while he doesn’t personally have anything against the cryptocurrency, he believes it will be a very long road before anyone feels comfortable enough to use it.
What Libra and Facebook got wrong is the foundation of any financial service. Mark Zuckerberg admitted he has a deficit of trust, particularly with governments.
That much is clear. Recently, Zuckerberg testified at a congressional hearing to discuss the company’s plans regarding finance. This succeeded a separate hearing during the summer in which David Marcus – the head of Facebook’s blockchain division and the main developer behind Libra – also testified before a congressional committee.
Zuckerberg is now saying that Libra will not go forward unless U.S. regulators fully approve. Granted this doesn’t occur, Facebook may feel compelled to leave the Libra Association.
Garlinghouse also took issue with certain things Zuckerberg has mentioned in the past. During his recent hearing, Zuckerberg explained that Libra was a way for America to retain its financial leadership. Garlinghouse, however, was quick to point out that Libra is based in Switzerland. Thus, he questions how much the U.S. could truly grow thanks to Libra’s presence in the financial space.
Lubin also took aim at Libra, calling it a “weapon of mass societal manipulation.”
Being a Stable Currency Could Make a Difference
Both men do feel, however, that Libra has an advantage in that it’s allegedly a stable currency. Recently, Congress discussed the prowess of stable coins, and several members have referred to them as revolutionary tools in the future of money. They’re confident that stable coins like USD Coin (USDC) and the Gemini Dollar have the power to alleviate some of the volatility and price swings often witnessed in the world of mainstream cryptocurrencies such as bitcoin (BTC) and Litecoin (LTC).
Either way, even though Zuckerberg’s testimony has concluded, Libra’s journey seems far from over. The currency is set for a 2020 debut, but with the Libra Association growing smaller every day (several organizations have already left) one wonders if the currency will have the support it needs to remain successful.
The post Ripple and Ethereum Executives Pummel Libra appeared first on Live Bitcoin News.
China is moving quickly to ensure it’s ahead of the curb when it comes to blockchain innovation.
China Is Pushing Its Blockchain Agenda Forward
The country has recently implemented a new law that will promote blockchain as a means of heightening and expanding the nation’s infrastructure. The law will also permit the country to unveil its new digital yuan currency designed to compete with the likes of Libra.
There is both a good side and a bad side to this situation. First off, the addition of a state-issued cryptocurrency is likely to boost the industry to new heights. We may see the price of assets like bitcoin surge in the weeks following the coin’s issuance, and other countries are likely to follow suit should the digital yuan show any sort of promise.
At the same time, the idea of a state-issued digital coin goes against the very notions of cryptocurrency. Digital currency is designed to be private and decentralized. It’s supposed to put monetary power back in the hands of the people, not be utilized to monitor users’ behavior and transactions, which this currency will undoubtedly be tasked with doing.
China has had a very mixed relationship with cryptocurrency in the past. Sure, President Xi Jinping is now crazy about what blockchain can do for the country. He says it can revamp China’s economy and he’s looking to bring as much blockchain business to the country that he can, but in the past, China has undertaken the tasks of banning all foreign exchanges and initial coin offerings (ICOs).
In addition, the future of bitcoin mining is still up in the air. China says that mining crypto is likely to lead to heavy environmental damage. Thus, regulators are considering a permanent ban on the extraction of new coins. However, steps have not been taken to pass this ban at press time.
The new law is set to take effect on the first of January in 2020. Following the news and President Jinping’s words regarding blockchain, the price of bitcoin shot up to about $10,000 over the weekend, though at the time of writing, it has since fallen back down to about $9,000.
Could Blockchain Fix the Effects of the Trade War?
Still, however, many companies and individuals, it seems, decided it was time to buy more units and take part in the growing rally. Li Shiyu, fund manager at Guangdong Xiaoyu Investment Management, explains:
Most of these companies, especially those that are just beginning to state their connection with blockchain today, are trying to take advantage of the hype.
It is also implied that the new digital yuan and blockchain will be utilized to alleviate some of the effects of the trade war, which has brought China’s growth down by roughly six percent – its lowest levels since the 1980s.
The post New Law in China Set to Establish the Digital Yuan appeared first on Live Bitcoin News.
Coinspeaker Twitter Will Ban Political Adds in November while Facebook Has Another PositionPolitical wars forced Twitter to distance itself from misinformation that usually pops up during elections. Head of Twitter Jack Dorsey seems to continue his quest to make the Internet a better place. After a prominent Bitcoin advocate had recently invested in a cryptocurrency-related venture called CoinList, he is now on the way to cut all political ads off on Twitter.The vast majority of so-called conspiracy theories made public via those ads probably came from wise technologists working for U.S. politics. For instance, Donald Trump was using social networks such as Facebook, YouTube, and Twitter to promote unproven information about the unlawful relations between Biden family and corrupt Ukrainian elites. Several Ukrainian political Telegram channels (like Resident) claim that the incriminating documents exist and would bring troubles for Democrats in the U.S.The “Ukrainian case” shows that some conspiracy theories may have substantial grounds and can become the ugly reality soon. It all started with odd rumors about Trump’s impeachment, but the story may end him winning the presidential elections once again.However, Twitter CEO Jack Dorsey thinks that it’s better to cut the politics out instead of constantly dealing with troubles caused by Democrats, Republicans, other political forces and parties. Social networks have made significant progress in making targeted advertising a sweetener for clients with big pockets. But in 2019, money matters less for Twitter, and their decisions have started to comply with basic moral rules when it comes to spreading paid information via the Internet.Twitter’s New Position Shed Light on Moral QuestionsDorsey made clear that the political parties cannot tell the truth via their ads. Thus, they should not be allowed to buy the ad space. Jack has decided that the company staff shouldn’t conduct their investigations and deal with the complexity of fact-checking. He tweeted:“We’ve made a decision to stop all political advertising on Twitter globally. We believe political message reach should be earned, not bought. Why? A few reasons…”Many people have sent Dorsey their words of approval. Because targeted ad campaigns full of secret lies is not something U.S. citizens want to see. Twitter was a part of a much larger political advertising ecosystem for a long time. Its analysts found that many political movements achieved significant traction without buying any space. Hence, political forces should develop skills and talk directly to the people to convince them to vote. Donald Trump said that Twitter’s decision is just yet another way to silence Republicans.Interestingly, Twitter made this announcement right before Facebook had published their financial report.Facebook Will Continue Selling Ads to Shady TechnologistsJack Dorsey didn’t mention competitors in his tweets. But a sharp eye can easily detect that he is using indirect references to compare his company to Facebook. Contrary to what Dorsey thinks, Mark Zuckerberg became a strong advocate for political advertising. He constantly receives strong privacy-related allegations, still, Facebook CEO finds that this is an appropriate tool of self-expression:“At times of social tension there has often been an urge to pull back on free expression… We will be best served over the long term by resisting this urge and defending free expression”Zuckerberg shocked U.S. citizens during his recent Congress speech from 23 October 2019. It appears that he is promoting the freedom of speech, while at the same time, his platform allows a “massive voter suppression“. During the hearings, Mark was in the company of many lawyers, PR agents, and lobbyists, helping him to defend the company against harsh accusations. People in the U.S. demand transparency from Facebook, while Zuckerberg seems to continue moving the company closer to the corporate world and away from its loyal users.Twitter Will Ban Political Adds in November while Facebook Has Another Position
Coinspeaker Apple Announces Fourth Quarter Earnings as ‘Highest Q4 Revenue Ever’Apple has published an official report, detailing its earnings for the fourth quarter of its fiscal year which ended on September 28, 2019. According to the report, Apple reasonably exceeded analysts’ expectations on earnings per share as well as total revenue. Regardless, stocks remained relatively stagnant, in response to Apple’s announcement. Now they are traded at approximately 240$.The report shows that Apple pulled in total revenue of $64 billion in the fourth quarter, a year over year increase of 2% from the same period in 2018, also surpassing the expectation set at $62.99 billion. It was also able to deliver $3.03 as earnings per share, above the expected $2.84.Apple has however had a tough time growing its sales for both iPhones and Mac products. The company which still reports general sales for these products has discontinued reported unit its unit sales. Many experts suspect that this decision was made because there is a considerable reduction in these figures, year after year. For specifics, iPhone sales lost 9% and dropped to $33.36 billion in revenue, from $36.76 where it was in 2018 – which was itself a 9.2% drop. A similar loss was recorded with Mac sales, which saw a 5% loss to $6.99 billion.Away from the losses, there were great gains in other departments. For example, iPad sales hit $4.66 billion, but even bigger than that is the growth recorded in the “Wearables, Home, and Accessories” department, which jumped 54% year over year, and hit $6.52 billion. Both figures are still considerable jumps from last year. In addition, the company has now grown its number of paid subscribers to more than 450 million, increasing from last year’s 330 million.In its usual style of innovation, the company released a new type of AirPods which is expected to further increase the chances of growth in the already impressive “Wearables, Home, and Accessories” division. In a recent statement, Apple CEO Tim Cook has expressed excitement about the Q4 earnings being the best ever, and also quite a bit of confidence about the near future. Tim Cook stated:“We concluded a groundbreaking fiscal 2019 with our highest Q4 revenue ever, fueled by accelerating growth from Services, Wearables and iPad. With customers and reviewers raving about the new generation of iPhones, today’s debut of new, noise-cancelling AirPods Pro, the hotly-anticipated arrival of Apple TV+ just two days away, and our best lineup of products and services ever, we’re very optimistic about what the holiday quarter has in store.”Apple is also set to launch Apple TV+ and the company has forecasted a fourth-quarter revenue anywhere from $85.5 billion to $89.5 billion, higher than its Q1 2019 figure of $84.3 billion.The board of directors has also announced a cash dividend to be paid to all Apple shareholders of the company’s common stock as on November 11’s close of business. The dividend has been set to $0.77 per share and will be paid 3 days after, on the 14th of November.Apple Announces Fourth Quarter Earnings as ‘Highest Q4 Revenue Ever’
Coinspeaker Will AOFEX Become a New Leading Exchange?With the development of blockchain, the competition between various fields has become very fierce. As one of the few traffic entrances of blockchain, exchanges have always been such places for strategists to fight for, and their competition has already entered a serious stage. Moreover, even under the attack of three giants, namely, Binance, Huobi and OKEx, there are still many new trading platforms constantly showing their heads, injecting more innovative and fresh elements into this already fierce competition. AOFEX is one of the promising new trading platforms. Today, we will focus on sharing the advantages and disadvantages of the exchange, hoping to help you better what it can offer you.ComplianceCompliance: those who do not plan for the overall situation are not enough to plan for one area.Policy risk has always been the biggest risk of blockchain investments. An exchange is the largest traffic portal in the blockchain field. It is especially important when you are going to deal with funds all day long. Compliance is particularly important for any trading platform with ambition and long-term perspective. The first thing to be solved is the compliance issue. After the rapid rise of 94″, the reason is that currency is more compliant than other trading platforms, and it can reassure investors. Now, AOFEX joins the new competition, and compliance is also the first. And that is a question that needs to be considered at a time. On the one hand, AOFEX is operated in London, a place where digital currency policy is very loose, and it can bring more convenience to policy support. On the other hand, AOFEX also attaches great importance to supervision, such as “money laundering” “and “terrorist financing”, therefore it established a series of very complete risk control systems, which can locate and freeze suspected accounts in time, and ensure the security of the trading platform and users’ funds. Up to now, AOFEX has cooperated with relevant departments to freeze some money laundering accounts, and the result is significant. Therefore, from the point of view of an exchange, that can be more proactive in supervision and compliance management, it is more likely to take the lead in the large-scale application of blockchain, which is very necessary. SecuritySecurity: if you want to do a good job, you must sharpen your tools.In addition to compliance and regulation, security issues are one of the most important issues for trading platforms. Basically, there will be several “trading platform theft” incidents every year. It’s unnecessary to say that even three traditional trading platforms of Binance, Huobi and OKEx can’t be avoided, and they will be visited by hackers from time to time. In this regard, AOFEX is trying its best to strengthen its own security barriers. First, the majority of the AOFEX team members are composed of top bank executives in the world, such as Deutsche Bank, JPMorgan Chase, etc. The platform introduces the world’s top traditional bank financial risk control system, with multiple underlying security technologies such as two-factor authentication, Winton detection, and warning system, cold and hot wallet separation, two databases for cross-validation, etc. It sets up sound internal supervision and early warning system, establishes a secure encrypted digital currency trading environment and ensures the safety of users’ funds. Secondly, AOFEX has reached a strategic agreement with Slow Mist Technology, and they have carried out extensive cooperation on digital asset transaction security, international antimoney-laundering prevention and control, etc. In terms of security, Slow Mist Technology is one of the absolute leaders in the blockchain field, with a high degree of industry recognition, such as imToken, Whale exchange, Ontology, etc., all of which use Slow Mist Technology to do security leakage. AOFEX can cooperate with it, which is enough to prove its importance to safety protection. In general, AOFEX is actively working to enhance its own management internally, introduce professional supervision externally, and improve its own safety protection in an all-round way, so as to create a safe and secure investment environment for investors, which is also a crucial point in the competition of trading platform. New Financial Product NSO If compliance and security are the competitive barriers that every trading platform is building, then NSO is the unique competitive advantage of AOFEX. In short, NSO (Non-Standardized Option) is a new digital monetary financial tool, simple, flexible and highly operational, which can effectively help investors to hedge the investment risk caused by sharp fluctuation of currency price. Compared with traditional contract transactions, NSO mainly relies on an “intelligent model” to predict the market situation, and then A series of expected returns of options are calculated to provide investors with market hedging, which has a certain universal function. Moreover, compared with traditional contract transactions, NSO has many advantages: for example, in traditional contract transactions, it is difficult for investors to abide by “investment discipline”, often because market influence will lead to wrong market judgments, for example, the traditional contract trading is often an independent event, which is difficult to fine-tune in the process of trading. NSO is a series of option expectations. When the market fluctuates greatly, we can fine-tune our investment strategy at any time to ensure that hedging is always within control. At present, AOFEX‘s unique NSO is one of its main products, which has attracted a lot of users to participate in; Moreover, in many trading platforms, there are also imitations, which also proves the superiority and attraction of NSO. Rewards for UsersRewarding users: wealth gather people scattered, wealth scattered people gatheredIn fact, how long a trading platform can operate, in addition to the hard power of compliance, security, and unique products, these are also very important – for example, whether it can continue to attract and maintain users. In view of this, AOFEX also has a very deep understanding. It has always adhered to “wealth gather people scattered” and greatly benefiting users, which is mainly reflected in the following two aspects: First, the platform promotions are frequent.Generally speaking, exchange will have promotions every week or major holidays, and the promotions are simple and very powerful. For example, on “National Day”, “AOFEX 7-day Chinese National Day Carnival” event there will be rewards in RMB, and users will have a possibility to participate in as long as they hold BTC or ETH! Second, in the process of listing tokens, the platform pays special attention to their quality.On the other hand, AOFEX is also very responsible for users. There is basically no “altcoin” token listing. During a period of time when token(s) is listed, it is very stable, and most of them go up and down in accordance with the trend of the market. Moreover, at the beginning of the listing, AOFEX will have deposit or trading promotions to maximize token liquidity and depth and create convenience for holders. Finally, countries are increasingly recognizing digital currency, BTC‘s new halving cycle is coming, and the bull market seems to be getting closer and closer. As the trading place of digital currency, the competition between exchanges is also becoming more and more intense. In this new battlefield that is about to open, can AOFEX break through successfully? Let’s wait and see! Will AOFEX Become a New Leading Exchange?
Yesterday, on the 30th of October 2019, the bitcoin blockchain officially reached $1 billion in cumulative transaction fees.
It's official. The Bitcoin network has surpassed 1 billion USD in cumulative fee revenue. pic.twitter.com/lKzstEX3eI
— Yassine Elmandjra (@yassineARK) October 30, 2019
For many crypto enthusiasts, this is more than a milestone that represents a big number. This is the result of growth, dedication and belief in an idea. More and more people are constantly getting into crypto, despite the high volatility, the negative mass media coverage and the harsh anti-crypto stances of some governments.
Data from the blockchain analytics startup BlockChair, suggests in fact, the amount of bitcoin transaction fees collected annually has decreased over the years. A big reason for that is that there were many scaling solutions like the Lightning Network.
Also, the $1 billion milestone isn’t technically correct. The amount is actually almost double if we take into account the current price of bitcoin. Coin Metrics data suggests that precisely 204808.3479BTC have been given out in transaction fees to miners since 2009. With today’s price, this results in $1.86 billion.
Bitcoin transaction fees have many unique uses
Transaction fees are essential for preserving the integrity and the much-needed censorship-resistance of the network.
Fees act like a pest repellent for service attacks more commonly known as “spam” which slows down the network. Additionally, they are also used to prioritize which transactions get confirmed and written onto blocks faster than others. These fees also guarantee that the transaction is completed.
This combined with the block subsidy, which is reduced by 50% every 4 years, allow transaction fees to incentivize bitcoin miners from stalling or editing the blockchain.
If there was no monetary incentive, there would be far more motivation for miners to be bribed by third parties to unfairly withhold a large portion of transactions.
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The post Bitcoin Transaction Fees Officially Hit the $1 Billion Milestone appeared first on CoinStaker | Bitcoin News.
Coinspeaker Satoshi Nakamoto’s Dream Project Bitcoin Turns 11 TodayToday, October 31, marks the 11th birthday of Bitcoin after its founder Satoshi Nakamoto unveiled the whitepaper back in 2008. Over the last 11 years, Bitcoin has established its supremacy in the crypto market as the world’s largest cryptocurrency by market cap.On 31 October 2008, Satoshi Nakamoto published the #Bitcoin Whitepaper.Happy Anniversary $BTC!Test your Bitcoin knowledge📑https://t.co/JECDzwxCnIDiscover the history behind #Blockchain🔗https://t.co/EhvS2nH6BR pic.twitter.com/YUlpKiZFPg— Binance (@binance) October 31, 2019At the time of writing, Bitcoin is trading at a price of $9103 with a market cap of $164 billion. Furthermore, Bitcoin alone continues to dominate over 65% of the overall market cap.Bitcoin, a decentralized peer-to-peer electronic cash system emerged as an alternative to the traditional banking sector. Based on the blockchain technology, Bitcoin offers a robust, transparent and low-cost way to transfer funds instantly anywhere across the globe.Over the last few years, Bitcoin developers have been working hard to accommodate more users in its ecosystem. Scalability solutions like Lightning Network have been successful in expanding the Bitcoin ecosystem while further work continues in this direction.If we look at the Bitcoin journey over the last decade, Bitcoin has been through multiple cycles of gloom and doom. However, it has managed to stay strong against multiple headwinds giving its investors returns of several thousand percentages.While several other altcoins have been hit with a massive regulatory crackdown, Bitcoin has managed to surge past all the hurdles. This is the reason, Bitcoin is the most-preferred cryptocurrency of investors. Bitcoin’s glorious journey has also grabbed the attention of big financial organizations and institutional investors.In the last two years, a number of Bitcoin-based institutional and derivative products are launched in the market. Big names like ICE, Fidelity, CME, etc. have introduced products like Bitcoin futures, Bitcoin options, Bitcoin custody solutions and much more.Most of the financial institutions see Bitcoin as digital gold and also as a potential hedge against any sorts of oppressive banking systems and practices. In addition to it, Bitcoin is widely used by people and in countries wherein, the local currency and financial stability have toppled.Citizens of Venezuela, Zimbabwe, etc. have adopted Bitcoin use on a wide scale to protect their capital against their crashing economy. Moreover, countries like Argentina and Brazil have also introduced Bitcoin officially in its financial structure.In another milestone, the Bitcoin network clocked $1 billion in cumulative revenue yesterday on October 30, 2019.Satoshi Nakamoto’s Dream Project Bitcoin Turns 11 Today