Siacoin creates a licensing system that keeps Skynet being open-source and going up 100%. Filecoin increases 80% after facing its incorporation into the investment funds of Grayscale.
Through March 15-21, 2021, the cryptocurrency market has been bullish. According to Coin Check-Up statistics, more than 60% of altcoins are progressing in a way that surpasses 70%.
The most suitable cryptocurrencies in these seven days are behind Siacoin (SC), which launched a new licensing system for its Skynet platform. Filecoin (FIL) follows because of its inclusion in the list of investment funds of Grayscale. And finally, Beam (BEAM) gets ready for the implementation of smart contracts.
The weekly top resumes its completion with Tron (TRX). The actress Lindsay Lohan will soon be releasing new non-fungible tokens (NFT); and Ripple’s XRP, which is also moving forward with its RippleNet expansion plans outside of the United States.
The price of bitcoin registered a descent last weekend, even though at the beginning of the week, it once again surpassed USD 60,000. At the same time, BTC depreciated by 5% this week.
The pioneering cryptocurrency experienced slight corrections right after the peak it touched the previous week. The price went from a low average of $ 53,393 to a high ridge of around $ 61,600.
Despite the visible decrease, more news shows how institutional investments and interest in cryptocurrency have held up. A new report from the German bank Deutsche Bank released a statement arguing that cryptocurrency’s $ 1 trillion capitalization makes the situation impossible to forget. The report also claims that Bitcoin is solid although its volatility.
The Ether’s Value (ETH) is Also Falling by 5%, lurking between $ 1,719 and $ 1,939 in only a Week
Recently, the co-creator of Ethereum, Vitalik Buterin, assured that the blockchain could experience a hard fork, as happened in 2017 when Ethereum Classic (ETC) emerged.
According to Buterin, the reason could be that some miners and users prefer to keep using the current version of the network and not moving to Ethereum 2.0. However, he considers that the “risks” of the blockchain splitting “are much lower” than they existed before.
Other relevant cryptocurrencies on the market are showing ups and downs. Cardano (ADA) is up 11%, while Ripple’s XRP gains around 12% and ranks in the weekly top. Polkadot, on the other hand, falls 0.4%, and Litecoin loses 10%.
Sia Monetizes Open Source Licensing System for Skynet
This week, the Siacoin team released a new licensing system for Skynet, its platform for the distributed data warehousing service. The new scheme establishes that all outgoing financial transactions on the network will be subject to a 20% fee payment, which will arrive at the Skynet Labs team of developers.
The announcement firstly appeared on March 18 on Sia’s blog amid the constant growth in the value of her native cryptocurrency, Siacoin. SC’s price topped 100% on March 20, when it traded at a high of 0.0296. On average, the cryptocurrency rose 74.2%.
By: Jenson Nuñez
