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Bitcoin created history in the last week when it marched past the $11,000 mark. According to OKEx BTC spot price, Bitcoin reportedly has a weekly gain of 6.29% as the price burst out of the downward sliding of the upper trend line and landed in the $11,000-$12,000 zones. CoinGecko data substantiate that, on the whole, the cryptocurrency market capitalization mounted from the last Monday’s $347 billion to $366 billion.
Ethereum is also mirroring the success
Ethereum is also having a good time. DappRadar tracks more than 2900 apps across various blockchains that include Ethereum, TRON, and EOS. In its recent report, it has revealed that in the third quarter of 2020, Ethereum has accounted for 96% of the total transaction volume over decentralized applications (daaps). The transaction comprises the blockchain-based trading and lending networks that have gained astounding fame in recent times.
The prices for the Ethereum blockchain’s native token, ether (ETH), have grown almost threefold in 2020 to approximately $350. 
This kind of returns for Ethereum makes well-known Biltcoin’s 52% year-to-date gain seems insignificant.
According to CoinDesk, Ethereum transaction fees have soared to new all-time highs for the second time in three weeks, according to on-chain data analyzed by CoinDesk. But this achievement has fetched an array of problems including network congestion that has resulted in sluggishness in the transaction processing. This, in turn, has skyrocketed the average fee rates.
DOJ and Crypto enforcement framework
On 8th October 2020 came the announcement from U.S. Attorney General William P. Barr of the Department of Justice (DOJ) that was about the release of “Cryptocurrency: An Enforcement Framework,” a guide for patrolling the cryptocurrency world. The framework suggests effective ways to tackle emerging threats and enforcement challenges related to the rising occurrence and use of cryptocurrency.
Bitcoin allures Corporate entities like never before
Despite the DOJ’s intervention, in the last few days, Bitcoin (BTC) has to turn out to be a point of discussion in the investment world for crossing $11k in trading.
Yes, Bitcoin allures corporate entities, like never before.
BTC is an apparent and direct investment where there is no intervention from the Government, Central Banks, and Corporations. Considering these advantages, many institutional investors and corporations are 
now getting attracted to BTC. Now the colossal corporate is getting into it with their huge investment that may change the investment landscape. At present, big corporate possess more than 513,542 BTC holdings on corporate balance sheets. Bitcoin reached the $11,000 mark on 9th October 2020. This boost comes a day after payments company Square announced that it had invested 1% of its total assets into the largest cryptocurrency by market cap.
The existing holdings by these corporate have both positive and negative consequences concerning liquidity, store of value, etc. Nonetheless, if the investment is done meticulously and tactically it would bring about attractive returns in the future. The investment in Bitcoin, if made carefully, can make it possible by getting rid of associated risks.
What are P2P Cryptocurrency Exchanges?
P2P is a decentralized exchange of cryptocurrency directly between users. All logistics are carried out by special software, so no third parties are required. On the contrary, ordinary exchangers are companies that act as intermediaries between users, receiving remuneration for this.
How to trade through P2P?
The software automatically connects users with the same terms of sale and purchase of currencies. Let’s start with a description of the work of ordinary exchangers. To sell bitcoins, you need to specify their quantity and price, place the so-called. order.
To get rid of the need for a third party, P2P finds people who have placed matching orders. P2P connects the seller and the buyer, which allows them to make a deal without difficulty. Of course, arbitrators may be required, but in standard conditions, third parties are not involved and everything happens decentralized.
What are the advantages of P2P?
The absence of a weak link, on which exchange efficiency depends, is the main advantage of decentralization. Of course, a single center ensures the speed of transfers, but any vulnerability threatens the whole system. Resistance to state control. The staff of ordinary exchangers is subject to pressure from the state, which seeks to introduce favorable rules for the cryptocurrency.
On the other hand, P2P is almost invulnerable to government intervention, since there is no central organization that the state could regulate. This advantage led to an increase in the popularity of Local Bitcoins, one of the largest P2P exchangers, just after the actions of the Bank of China.
What are the disadvantages?
For a long time on transactions, a less intuitive process, lower liquidity does not allow P2P to be superior to conventional exchangers in all respects.
Most of the disadvantages of P2P occur due to the novelty of the technology. So, Bitsquare, one of the oldest P2P, has existed for only 3 years, including the development period. Since P2P is focused on a small group of enthusiasts, there was no need to attract new users and improve service. This results in small volumes of transactions.
For a long time waiting, most likely, it will not be possible to overcome because bitcoin and fiat currency transfers must pass. Together with reduced liquidity, this means that P2P is not so in demand by professional traders who need fast deals. However, the benefits that P2P offers can be beneficial for some people.
How to prevent fraud?
P2P exchangers use various protection mechanisms. Usually, they use public reputation arbitrators, mandatory buffer contributions for the duration of the transaction, and face-to-face meetings.
Bitcoin translation cannot be cancelled, but fiat currency translation is possible. Fraudsters get bitcoins, and then cancel the transfer, say, dollars. To prevent this, they use mandatory Bitcoin contributions, which participants in the transaction must make before they start to negotiate. If all goes well, the fees will be refunded.
What is a database?
By creating a decentralized encrypted data repository and leaving private keys with the owners, we reduce the probability of attacks to almost zero. But removing central trusted servers requires total encryption and flexible data access control.
Centralized
In this case, all data is recorded in a single array, which is stored on one computer. To get information, you need to connect to the host computer, which is called a server.
Decentralized
What is decentralization for a database? This means that data is stored on computers on the network that anyone can control. A node can join and disconnect from the network at any time and should not affect data availability. Since the nodes are scattered geographically, decentralization makes it possible to resist censorship and always have all the information online.
How do databases work?
Modern applications are usually designed so that the data loaded by users can be processed, aggregated and used in different ways for the application to work. In addition, companies need a flexible mechanism to control access to various data without any difficulties.
Reliability
Since the information is stored on untrusted computers, there should be no way for anyone to read them except the owners of the data themselves. This is achieved by asymmetric encryption when only the owner can decrypt the data. Network computers store data and meta-information, but cannot extract anything valuable from them.
Scalability
The centralized model assumes the connection of all clients to the server. Data is stored only on the server. Therefore, all requests for receiving, changing, adding or deleting information pass through the host computer. However, server resources are limited. Therefore, it can work effectively only with a certain number of network members. If the number of clients is greater, during peak periods, the server load may exceed this limit. Decentralized and distributed models allow you to avoid such problems since the load is distributed between several computers.
Can decentralized databases improve security?
In such bases, there is no centralized storage. This means that all data is distributed between network nodes. If something is added, edited or deleted on any of the computers, it will affect all computers on the network. If authorized changes are made, the new information is distributed over the network to other users. Otherwise, the data will be restored from the backup to ensure that they coincide with other nodes.
Are decentralized databases reputable?
The trend towards decentralization of all walks of life has arisen since the removal of middlemen brings obvious economic prospects. The blockchain avoids manual verification by drawing the entire network to a consensus about each transaction. The data storage and processing markets built using the blockchain can significantly reduce prices by attracting unused computing resources.
How can decentralized databases be used?
Such databases allow you to speed up the interaction between different parts of the production chain. Consider the following example. During the service life, the car goes through different stages – assembling, selling, insurance, and so on, right up to recycling. At each stage, a variety of different documentation and reports are created. If any clarification is needed, requests are sent to the appropriate authorities. It takes a lot of time. Physical location, different working languages, and bureaucracy are just some of the difficulties.
The blockchain technology avoids all these problems. All information about each car can be stored online. This data cannot be deleted or modified without the consent of the participant. And the necessary information is available at any time. This scheme is implemented in practice by the authors of the CarFix project. Based on the idea of smart contracts, they are working to ensure that the entire life path of any vehicle is recorded in a chain of blocks.
How can decentralized databases be used?
The databases accelerate the interaction in between various events in the production line. Areas, language miscommunication, the administration may end up being severe problems. All the details about each car and truck are stored on the network.
What Is The Lightning Network?
Based on official media statements, the development of the original sources belongs to Joseph Poon and Tayj Drage. Whitepaper LN was compiled long before development (it is said in 2015), but the scalability technology received wide publicity only in dark times – when the BTC system processed transactions for almost a week, with extremely high commissions. In general, the Lightning Network has already been dubbed Bitcoin’s “savior and future”, and it came to us when it was most needed for us – when Bitcoin “hung and lagged”.
LN is only alpha.
At the moment, LN is at the alpha version stage, which was launched on January 10, 2017. This indicates that the technology is at the development stage, and is being tested inside the developer company. Alpha versions usually differ by incomplete functionality and a bunch of tests through which the source code of the program is passed. So in the near future, no one will use the Lightning Network for “good reasons”.
How it works
The main task of Lightning Network is to reduce the burden on transaction processing and pressure on the main Bitcoin network. Thus, the Lightning Network improves the processing speed of the network, allowing users to conduct business without immediately registering transactions in the base register. If two traders open a payment channel and start performing several transactions over time, the transactions are not recorded in the base book. However, the opening of the channel is recorded.
We will try not to go deep into the “stuffing” of LN while transferring the main essence of the functioning of the system. In the entire Bitcoin platform, there are no units that connect the sender and the recipient. There is a stack of memory (pool), where all transactions are collected before they are “caught by the miners”, and blind in one block, which then goes into the blockchain. As long as your transaction is not “caught” and not recorded on the blockchain, you will not receive your money.
But even this does not solve the problem of Bitcoin.
And on the contrary, it only creates new ones. Private channels are not ideal. In real life, people will exchange not only with each other but also with those who do not know at all. That is, it will take a lot of channels, and this, in turn, can lead to even more “clogging” of the common chain.
What does all this mean?
This means only one thing – the birth of the payment system of a new generation. In order to send a transaction, the user will search for already open “channels” for transmission. At the same time, the channels themselves will be public, and therefore safe.
If the developers still manage to bring their code out of the “alpha test” phase, and we see the green light opposite “Final, Stable”, Bitcoin, as a payment system, expect changes, and, quite likely, a great future. And we, as traders – new crypto-adventures.