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These nodes, which are also organized decentrally, take over the network management and the fast, private transfer known as InstantSend and PrivateSend. To ensure that speedy transactions which are a key element of this Bitcoin alternative will continue, two updates are already planned to increase the maximum block size again. As came to a close, altcoins like ether and XRP saw their value soar. In a Medium post published earlier this month , Castle Island Ventures Partner Nic Carter explained the utility of Bitcoin BTC as a revolutionary alternative to the traditional, government-approved banking system.