{"id":42972,"date":"2021-05-22T12:48:40","date_gmt":"2021-05-22T09:48:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42972"},"modified":"2025-08-31T01:31:36","modified_gmt":"2025-08-30T22:31:36","slug":"ethereum-swarm-token-price-soars-800-in-a-day","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-swarm-token-price-soars-800-in-a-day\/","title":{"rendered":"Ethereum Swarm token price soars 800% in a day"},"content":{"rendered":"<p>On May 19, the cryptocurrency exchange <a class=\"tracking_link\" href=\"https:\/\/www.bhex.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">BHEX<\/a> (formerly HBTC) launched trading of the perpetual futures <a class=\"tracking_link\" href=\"https:\/\/www.bhex.com\/en-us\/exchange\/BZZ6\/USDT\" target=\"_blank\" rel=\"noopener noreferrer\">BZZ\/USDT<\/a>. In the first day, the contract price rose from $30 to $240 at its peak.<\/p>\n<p>BZZ \u2014 ERC-20 token of the decentralized data storage <a class=\"tracking_link\" href=\"https:\/\/swarm.ethereum.org\/index.html\" target=\"_blank\" rel=\"noopener noreferrer\">Ethereum Swarm<\/a>. Through Swarm, users can exchange messages and files, and also host applications and websites in the decentralized network. The project operates on a BitTorrent-like principle:<\/p>\n<ul class=\"wp-block-list\">\n<li>Swarm splits a file into parts and distributes it among nodes;<\/li>\n<li>the Swarm protocol creates a manifest with the addresses of the nodes that store the parts of the file;<\/li>\n<li>the user requests the manifest, downloads the file from the Swarm network and pays for the services of the nodes in the BZZ token.<\/li>\n<\/ul>\n<p>Unlike Filecoin and IPFS, Swarm scales thanks to an integrated L2 solution for payments. Nodes maintain local &#8216;checkbooks&#8217; \u2014 records of data exchanges with network users. When data transfer volume exceeds the limit, the node requests a check from the user for services. The debtor sends the check in a private L2 channel. The node exchanges the accumulated checks for BZZ and records the cash-out in a transaction on the Ethereum blockchain.<\/p>\n<p>As of publication, the developers are testing Swarm v0.6.0 and <a href=\"https:\/\/medium.com\/ethereum-swarm\/swarm-is-airdropping-1-000-000-bzz-bd3b706918d3\">are preparing<\/a> for a 1 million BZZ airdrop. The project team plans to launch the mainnet by the end of Q2 2021. In the meantime, cryptocurrency exchanges <a class=\"tracking_link\" href=\"https:\/\/www.bhex.com\/en-us\/exchange\/BZZ6\/USDT\">launch<\/a> futures on the price of BZZ.<\/p>\n<p>As reported, Ethereum mining revenue <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-daily-mining-revenue-hits-100-million-surpassing-bitcoin\">reached<\/a> $100 million.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our Telegram \u2014 news on cryptocurrencies, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 19, the cryptocurrency exchange BHEX (formerly HBTC) launched trading of the perpetual futures BZZ\/USDT. In the first day, the contract price rose from $30 to $240 at its peak.<\/p>\n","protected":false},"author":1,"featured_media":42973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"2","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[791,596],"class_list":["post-42972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-erc-20","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"2","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=42972"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42972\/revisions"}],"predecessor-version":[{"id":42974,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42972\/revisions\/42974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/42973"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=42972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=42972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=42972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}