Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Cryptos

BTC & ETH on pace to hit transactions worth $1.3 trillion in 2020

Olumide Adesina by Olumide Adesina
July 22, 2020
in Cryptos
Cryptocurrencies, Meet the cryptocurrency catching the world’s attention, Theta Fuel gains 630% in 5 days., U.S regulator invites Banking and Crypto industry leaders for partnership, 3 Crypto Exchanges Control About 14.3%, Circulating BTC Supply. 
Share on FacebookShare on TwitterShare on Linkedin

In recent times, the human race with open hands has finally accepted the blockchain systems in making payment for goods and services, as data obtained from Messari’s top researcher, Ryan Watkins revealed BTC and ETH are on pace to settle a combined $1.3 trillion in transactions in 2020.

READ ALSO: There are now 13,173 BTC millionaires around the world

Strong settlement assurances are a necessity for public blockchains as they need to guarantee payments between untrusting and potentially unknown parties.

These settlement assurances are at the core of what allows public blockchains to scale globally.https://t.co/B0RvSwjKL3

— Ryan Watkins (@RyanWatkins_) July 21, 2020

RelatedPosts

Top 5 cryptocurrencies to watch in July 2022

This is Bitcoin’s worst quarter in 11 years

These settlement assurances are at the core of what allows public blockchains to scale globally.

READ MORE: BTC scammers breach Twitter accounts of Bill Gates, Obama, Google, Apple, Uber

Quick fact: The purpose of these blockchain systems is to fully guarantee payments so that they cannot be repudiated, reversed, or charged back without the agreement of the recipient, and they’re meant to settle immediately.

Download the Nairametrics News App

While it’s true most individuals do not want to transact in volatile financial instruments like crypto though most would prefer to hold their BTCs or ETH for investment purposes, it’s not necessarily true they’re not used for payments at all. In each of the past 3 years, BTC and ETH have settled a combined $1 trillion annually. This year they’re on pace to settle $1.3 trillion – their most ever.

Strong settlement assurances are a necessity for public blockchains as they need to guarantee payments between untrusting and potentially unknown parties.

READ ALSO: Paris Club: Debt payments suspended for Chad, Ethiopia, Pakistan and DRC in $1.1 billion waiver

Meanwhile the second most valuable cryptocurrency, ETH is on pace to shatter its previous annual record for total gas spent (in native units)

Ethereum is on pace to shatter its previous annual record for total gas spent (in native units)

The rise of DeFi and Tether’s continued invasion of Ethereum have, in part, increased network activity as well as the demand for block space pic.twitter.com/CnQiewrfsd

— Wilson Withiam (@WilsonWithiam) July 20, 2020

Related

Tags: BitcoinBlockchainBTCBusiness NewsCryptocurrencyCryptocurrency NewsETHEthereum

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Citigroup says oil prices may crash to $65 by end of 2022 due to recession
    • Nigeria’s stock market closes bearish as market capitalization dips by N110 billion
    • IPOB disowns Peter Obi’s presidential bid, says he was never their member

    Follow us on social media:

    Recent News

    Crude oil, Oil down as China releases fuel reserves, Oil down as China releases fuel reserves

    Citigroup says oil prices may crash to $65 by end of 2022 due to recession

    July 5, 2022
    Bears market

    Nigeria’s stock market closes bearish as market capitalization dips by N110 billion

    July 5, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com