Dear reader, I will give you details on the second day of Consensus 2018, day 2.
Initially, it was believed that from Consensus 2018 day 1 the next day the valuation of the different cryptocurrencies would go up.
Regrettably, it was not like that, they all came up with the surprise that the prices of the cryptocurrencies have decreased from $ 400 billion to $ 389 billion.
Coindesk has thought that Consensus of 2018 would bring more surprises
In the previous image, you can see the decrease in the market capitalization of cryptocurrencies.
That is 43 of 50 crypts with greater global impact in the market such as Bitcoin, Ethereum, and other Altcoins.
The market price of top cryptocurrencies decreased by 10%
Image thanks to Coindesk.com
You can clearly see the price drop in just 1 day. Apparently consensus 2018 day 2 will not have the same result.
The most important thing of Consensus 2018 day 2
First big announcement: Amazon will boost business blockchain
Amazon forges alliances with Consensys to encourage the adoption of blockchain in companies.
“We have followed Ethereum closely, as it is what many of our customers have been exploring, especially for business use cases,”
said Matt Yanchyshyn, the global technical leader for the AWS partner program, during the event and added :
“Working with ConsenSys will allow us to better understand the needs of customers and help accelerate their blockchain efforts.”
Second big announcement: Whitfield Diffie gives his backing to blockchain technology
Whitfield Diffie is one of the most important figures when it comes to cryptography, he has dedicated his entire career to this technology.
“These last years have been another resurgence of cryptographic technology, and blockchain is now a great refocus on the cryptographic aspects of these things,” Diffie remarked.
On the other hand, Zooko Wilcox, founder of Zcash, spoke about the volatility of the market in cryptocurrencies:
“The prices of cryptocurrencies tend to rise and fall in unison regardless of whether the currency has proven to be bulletproof or useless, but in the long term, I suppose eventually they will because I believe markets do that.”
Third big announcement: Enigma is born and dies on the same day
Some time ago I heard a phrase from a movie that said: “You were born to die”.
That same phrase applies to this project called Enigma, which was presented at the consensus 2018 day 2.
Enigma (ENG) aims to build a blockchain protocol 100% encrypted.
In this way, allow decentralized applications for both ends and at the same time be scalable.
Seeks to achieve this scalability thanks to its technology called ‘Secret Contracts’.
However, it seems that the market has turned its back on it since its value decreased by 10% in just 1 day.