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However, cryptocurrency industry commentators are generally in agreement with Facebook and Marcus, who said , "We chose Switzerland not to evade any responsibilities or oversight, but rather because it's a well-established financial place," which is home to the World Trade Organization, the Bank of International Settlements and other financial organizations.

He concluded, saying, "I think it will get off the ground, but I think its usefulness will be quite limited, at least in the short-term."Last swimming cap kids week, Bitcoin ( legally recognized by a Chinese court, whereby it was concluded that the cryptocurrency should now be considered as digital property. The decision that the Hangzhou Internet Court made in a ruling was met with enthusiasm from some community members, who assumed that Bitcoin is now legal in the People's Republic of China (PRC)  famously one of the harshest jurisdictions for digital currencies in the world  and that the local government might soon ease its pressure on Bitcoin.

It's no wonder why blockchain seems to be "the one" for many industries in which data processing is involved (side note: everywhere). It especially happens to be the solution in industries in which security matters the most  e.g., banking, logistics, health care, voting systems, cloud swimming caps target storages and so on. Blockchain grants all wishes when it comes to immutability and secure authentication, and promises to solve most if not all challenges that industries face.

There are changes that ETC could adopt to tip the balance. Reducing the gas costs for calldata (as ETH is planning to) would increase its data rate, and adding flyclient support could reduce gas costs of header verification to a level sufficiently low that the ETH chain can handle it cheaply (note that for these constructions, header verification being delayed by even a day is no big deal, so flyclient is perfect here).