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Ethereum (ETH) Blockchain to be Used by NASA for Research Purposes

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Ethereum
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Ethereum, the second-best currency according to its market capitalization has had a rough patch during the eight-week period during which the market crash was ravaging through prices of the majority of currencies. However, as the market dip was coming to a closure with only occasional drops in the market, Ethereum started to slowly recover, trying to get back to its all-time high. It seems that ETH has finally made it with getting over major losses that this currency has been through during the crash that lasted for weeks as it is finally trading in the green. Moreover, Ethereum got directly involved with NASA, so the public seems to be getting more interested in finding out further details on this matter. So, let’s see what NASA is planning on using Ethereum for and how can this affect Ethereum in the future.

NASA is using Ethereum Blockchain for Performing Researching

Day by day, we see cryptocurrencies slowly but steadily progressing towards crossing the gap between blockchain technology and digital assets and the “real life” applicable usage of this technology. Ethereum is included in one of such cases, where its technology will be put to use to meet real-life requirements, specifically meeting the requirement of creating an easier way of space navigation and communication.

NASA has decided, as initiated by their collaboration with the University of Akron, that they will be implementing Ethereum-based technology in order to enable easy and improved communication and navigation in space. Although many currencies like IOTA with IOTA charging station for electric vehicles, or Ripple with being implemented into various banking systems, are finding their way into the real-life use of crypto assets, it might be needless to say that this case is maybe the most important crypto-meets-real-world integration ever.

Having one of the crypto representatives being directly used by NASA shows in more than a single way that blockchain technology has a bright future with pretty great odds of being widely accepted and massively adopted by the public.

The entire story of NASA meets Ethereum started with the official statement provided by the University of Akron, where this notable institution stated that their Electrical and Computer Engineering department has received a grant of over 300.000 dollars and that this grant will be used for improving space technology used for communication and navigation.

Jin Kocsis, the head of this department at the University of Akron, stated that the original idea behind this grant-fueled project is to improve the way space missions are being done. That could be achieved by finding a way of improving spacecraft so that the technology used could find a way of sending and receiving data easily and almost effortlessly.

Apparently, blockchain technology found in Ethereum could best meet these requirements. In the official statement about this matter, she stated (the head of the department), that the project is aiming to put to use Ethereum-based blockchain technology in order to create a safe and secure decentralized and cost-effective way of exploring the space, and that would be made possible by improving the way spacecraft technology is working when it comes to navigation and communication.

Kocsis further added that her team will be working on further testing of Ethereum technology in order to find the best solution for the mentioned project.

At the same time, this project is making up for a massive step for Ethereum as we can now definitely see this currency being implemented for a cause of great importance, surpassing that gap between the traditional technology and blockchain based consensus and protocols.

How is Ethereum doing at the Current Moment?

It seems that having NASA and the University of Akron directly mentioning Ethereum as their technology of choice for the testing of their new project as they are working on space communication and navigation improvements, is doing wonders for Ethereum in the market.

After a great portion of losses that was near sending Ethereum to oblivion along with the majority of coins and tokens as the market lost more than 50% of the total market capitalization, we can see ETH as it is recovering from the market dip.

At the current moment, Ethereum is trading in the green while experiencing rises against the dollar. After the latest change in the market, and probably due to the NASA related news, Ethereum has risen to 3.74% against the dollar while it is also rising in oppose to BTC.

In addition to trading up against the dollar, ETH is trading up against BTC for 2.36%.

After the most recent change in the market, ETH can be bought at the price of 533.36$ per one ETH unit, which is pretty far from its all-time high.

Although Ethereum is doing great in the market at the current moment, this currency has a long way to go in order to get back to its record price of 1377$ per one unit as marked back in mid-January when the majority of currencies bloomed with gains.

We will be updating our subscribers as soon as we know more. For the latest on ETH, sign up for our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Amy the Nurse via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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