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Tuck Fheman : Decentralized Blockchain Technology & Doom Updates

@tuckfheman / tuckfheman.tumblr.com

A cadre of autodidactic multi diverse personalities decentralizing teh world.
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Digital Gold 'Done Right' With DigixDAO Crypto-Trading On OpenLedger

Now fintech platform OpenLedger is set to host trading for the DigixDAO asset – or DGD for short – leveraging the interest in smart contracts (i.e. applications or ‘apps’) via Ethereum, a decentralized platform with apps run on a custom-built blockchain, and the popularity of physical gold. All with the touted “power and network effect” of a decentralized asset exchange.

Source: forbes.com
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The rise of the blockchain asset class

Bitcoin first cracked a $1 billion market cap on March 30, 2013. And by the following month, it had reached $1.504 billion. Meanwhile, the market for additional blockchain assets outside of bitcoin (“non-bitcoin blockchain assets”) was vastly smaller, totaling in at just $92 million on April 28, 2013.

Less than three years later —  on March 21, 2016 — while the bitcoin market cap had grown 300% to $6.318 billion, non-BTC blockchain assets had grown a whopping 1,600% to $1.602 billion.

You can see the dramatic evolution of blockchain assets in terms of market capitalization and asset composition in some illustrations below.

(Image: Marc Smith)

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