As a result of trades on Thursday, bitcoin for the first time since last year took a share of 45.66% in the total volume of cryptocurrency market. Obviously, with a general drop in crypto-market up to $ 279,091,792,181, it is bitcoin that causes the greatest confidence of users. There are several reasons for this.
First, at the end of March, the cost of the transaction in bitcoin network decreased to a record amount of 1 Satoshi. This is due to the introduction of Segregated Witness scaling technology: the share of SegWit-transactions is already 30% -35% of all transactions on the network.
Secondly, bitcoin is becoming increasingly widespread in real trade: this is happening in the European Union and Asian countries. The last example is the new service of the Korean crypto-exchanger Bithumb, which allows users to pay for purchases using cryptocurrencies in 6,000 stores across the country.
In a situation where bitcoin will become increasingly common, its forks will not be needed. Now, this is already happening with Bitcoin Cash: OKEx and KuCoin crypto-exchangers have already eliminated illiquid pairs with this cryptocurrency.
While experts are discussing the future of cryptocurrencies, they continue their victorious march through European countries. The National Tourist Board of Germany (GNTB) announced that tourists can pay for services and services with bitcoin and other popular cryptocurrencies in any of the 32 offices of the organization located around the world.
Recently, the Lithuanian processing unitary company Coingate signed an agreement with the e-commerce application Prestashop, which will allow taking bitcoin and other cryptocurrencies as payments in 86,000 small and medium-sized European stores.
These are just two examples. Adding to this initiatives to legalize and regulate cryptocurrencies in Switzerland, Malta, the Baltic countries and other European countries - and we can conclude that the free circulation of cryptocurrencies throughout the European Union is only a matter of time.
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