Steem + ZRX Freak Price Spike / Blockchain Sues Blockchain

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The Cryptoverse

4 min readSep 26, 2018

On Today’s Episode of The Cryptoverse…

Ripple’s XRP is turning out to be a bit of a pump and dump, i decided to sell at 55 cents. [Chris’ words, not financial advice] let’s see if it ends up giving back all the gains or whether it holds on to some of them.

Steemit’s Steem is the freak today being one of the few coins to avoid a sell off.

The Steem blockchain is going through a hardfork upgrade today so I don’t know if that has got anything to do with it.

Watch the episode here in the article!

Episode Transcript & Notes

It’s known as hardfork 20 and there’s a detailed breakdown which I’ll link to in the sources if you’re interested.

One of the benefits of this upgrade is that apps built on Steem will be able to create free Steem accounts for their users while at the same time preventing abuse.

Not being able to effortlessly create a Steem account has no doubt held back the adoption of Steem and it’s apps ecosystem.

This upgrade should see apps like DTube and Steem Monsters open up huge new levels of adoption so I’m excited about that.

There are a number of fundamental changes which mean that Steem may act a bit weird over the next 7 days until a new equilibrium is reached by the various algorithms that run the network.

0x Protocol Breakout

https://blog.0xproject.com/0x-protocol-v2-0-is-live-183aac180149

Another freak coin yesterday was 0x which was going up while everything else was going down.

That might have something to do with the release of the 0x version 2.0.

0x is an ethereum-based protocol that is designed so that exchanges function exactly the same at the base layer which then allows them all to communicate with each other.

That ultimately results in you being able to operate your own exchange while allowing buyers on your exchange to match orders with sellers on another exchange etc.

So not only does it allow trading through a decentralised exchange, 0x creates a whole network of decentralised exchanges that work together but also compete.

While 0x did spike in price it has come all the way down again.

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Blockchain Sues Blockchain — Final Story

https://www.coindesk.com/wallet-provider-blockchain-sues-crypto-startup-days-before-ico/

One of the worlds most widely used wallets Blockchain.com, formerly Blockchain.info are suing the a startup conducting an ICO called Paymium.

The beef is that the ICO is using the domain name Blockchain.io to host it’s token sale, which they say is an attempt to use their branding to gain investor trust when the project has nothing to do with them.

The domain Blockchain.io was registered back in 2012 according to this CoinDesk article.

I am a big fan of the Blockchain.com wallet and I think they have done a lot for the crypto ecosystem.

However, I have never really agreed with them trading under the brand name Blockchain. I think that’s not at all helpful to users because then people like me who are bringing new users in have to explain the difference between a company called Blockchain and the other word Blockchain that is used all the time which don’t mean the same thing.

That to me was an intentionally strategic decision. They knew it would cause confusion but they went ahead with it because the confusion would be to their benefit and there’s nothing illegal about it.

However, trading under such a generic term means they’re now having to face the other side of that coin when someone jumps on their back and attempts to ride it.

If this company gets done it’ll more likely be to do with the visual branding looking similar rather than using the word Blockchain.

But if we look at the two loos, I don’t think they look similar at all.

Different symbol, completely different font, all lower case, has the .io in the name and so on, so I think that’s sufficiently different but it’s up to the course to decide.

Let me know how you would rule this down in the comments.

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