The Currency Analytics
By Maheen Hernandez
It seems as if the bears would not give up easily. The market is in the red mode with Bitcoin and several other altcoins losing their money on a daily basis.
Dr. Craig Wright, recently stated that Bitcoin could not be considered as a currency. He further added that the token does not have legal validity.
He implied, “Cryptography is a kind of secret writing. Bitcoin is the exact opposite of that. Bitcoin is basically a public ledger.
Wright also raises concerns about the financial credibility of Bitcoin. He stated that Bitcoin has nothing noteworthy to democratize finance.
Craig Wright was as well skeptical about the collapse of the cryptosystems from quantum computing.
Further, it is expected that the Bitcoin Lightning torch will soon burn out. There were several participants from across the world helping in making these payments…
The lightning torch has burnt across 56 countries so far, the payment was passed from one person to another, with each person adding a few cents in each step.
The common discussion among users is about whether the torch will die out or a new torch will be initiated after this.