Crypto Diaries: Reviewing Major blockchain developments & Upgrades

IOTA’s Coordicide, TRON’s BTFS, Polkadot Protocol, Utility Settlement Coin (USC) & Upgrades in Monero, Neo & Tezos

Crypto Markets have gone into corrective mode ever since Bitcoin hit the high of $9K on May 30th. The Short term bias has turned bearish after showing signs of exhaustion with a two-month bull run behind it. The immediate downward trend is set to continue but downside should be contained above the $6800-$7000 support zone.

On the top side, an $8000–8200 resistance zone needs to be pierced convincingly to start a new up-leg. BTC dominance stands at 55.3% with a total market cap of $250 billion at the time of writing. Moving on to the next order of the day are some of the recent noteworthy developments in Cryptoverse.

IOTA’s Coordicide

Cryptocurrency Projects like EOS, TRON & NEO have repeatedly been criticized for being highly centralized networks with a very small number of block producers controlling the network. In fact, NEO -> 7, EOS -> 21, TRON -> 26 & Lisk (LSK) with 100 block producers and/or delegates secure the respective networks. Acting on these concerns, the IOTA foundation has recently taken the next step towards the upgrade of the IOTA protocol.