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	<title><![CDATA[0xbt: Probable influence of «ZENITH» Protocol on the cryptoindustry.]]></title>
	<link>https://0xbt.net/blog/view/47355/probable-influence-of-%C2%ABzenith%C2%BB-protocol-on-the-cryptoindustry</link>
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	<pubDate>Tue, 05 Feb 2019 18:49:02 +0000</pubDate>
	<link>https://0xbt.net/blog/view/47355/probable-influence-of-%C2%ABzenith%C2%BB-protocol-on-the-cryptoindustry</link>
	<title><![CDATA[Probable influence of «ZENITH» Protocol on the cryptoindustry.]]></title>
	<description><![CDATA[<blockquote><p><span style="font-size: 12pt;"><strong>Probable influence of &laquo;ZENITH&raquo; Protocol on the cryptoindustry.</strong><br /><br />At this stage, the cryptoindustry is quite seriously divided.<br /><br />Everyone is trying to build his revolutionary blockchain, surpassing Ethereum in all respects. <br />So what can change the introduction of&nbsp;&laquo;ZENITH&raquo; Protocol</span><span style="font-size: 12pt;">?<br /><br /><strong>1.</strong> Since it solves the problem of anonymity of transactions, it will therefore be possible for a single payment gateway to which the main payment systems will begin to join. <br />Everyone needs a single interaction system. <br />The cryptocurrency market is no longer so small that financial structures pass by it. <br />As a result, more and more independent cryptocurrencies will also begin to join the possibility of their legalization. <br />This will entail an increase in the number of cryptocurrencies wrapped in Ethereum tokens. <br />WETH, WBCH and WBTC already exist. <br />And this is just the beginning. <br /></span><span style="font-size: 12pt;">Naturally, this would entail the workload of the Ethereum network.But as we can see: Price ups and a growing interest in cryptocurrencies in 2017 and a fall in 2018, gave a positive result in the form of the necessary network improvements. <br /><br /><strong>2.</strong> The birth of a new network, having all the properties of the Ethereum network and surpassing it, with its own &laquo;ZENITH&raquo; Protocol. <br />But as we understand, with the further loading of any new blockchain, its parameters will also become more complicated. <br />But even if it arises, she has to go a long and long way on the way to proving her right to take her place.<br /><br /><strong>Findings:</strong> <br />December 11, 2018 "CFTC" made a <a href="https://www.cftc.gov/PressRoom/PressReleases/7855-18?utm_source=govdelivery" target="_blank" rel="noopener">request on the Ethereum network</a>: <br /><em>"In a <a href="https://www.cftc.gov/sites/default/files/2018-12/federalregister121118.pdf" target="_blank" rel="noopener">Request for Information</a> (RFI) that will be published in the Federal Register, the CFTC is asking for public feedback on a range of questions related to the underlying technology, opportunities, risks, mechanics, use cases, and markets, related to Ether and the Ethereum Network."</em> <br />We see that financial regulators at this stage see the future behind this network. <br />And rest assured, they know what they are doing. <br />Behind their backs are quite competent specialists and consultants in the field of blockchain. <br />That is, &laquo;ZENITH&raquo; Protocol will probably give a new impetus for the further development of the Ethereum network. <br />And the realization of the possibility of using cryptocurrency as a legal means of payment will lead to a new wave of interest in this area of ​​finance.</span></p></blockquote><p>&nbsp;</p>]]></description>
	<dc:creator>"ZENITH" Protocol</dc:creator>
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