Coinspeaker Counos Coin CCA – The Real Decentralized Coin – Is Giving Away 16Mil Coins Plus AChance To Enter A 100K USD LotteryWith the cryptocurrency market going back to green, interested parties are going back to the crypto business looking for the perfect tools to enter the field. With many platforms offering similar services, it’s difficult for the crypto enthusiast to choose a platform that could cater all of their needs.Counos is an online peer-to-peer platform that offers a wide variety of financial services to meet the most sophisticated online financial demands. With headquarters in Switzerland, this platform supplies some of the most innovative cryptocurrencies across the world. Alongside high technical and security standards of the supplied cryptocurrencies, the platform offers a significant added value to the users by maintaining a price stability policy, providing a competitive alternative to fiat currencies.With Counos Platform, users can invest safely in the digital market. This open-source and decentralized global network suggests various financial and payment services through Blockchain technology in an all-in-one platform. Via combining both proof-of-work and Timestamp server technologies, it can offer users the ultimate security in online payment.Counos Main FeaturesCounos Platform offers a proof-of-work algorithm that creates a computational challenge to be solved by a network of computers in order to certify a block of transactions. The second important feature is the transaction confirmation time, calculated at about 2.5min on average. In comparison, Bitcoin (BTC) has a transaction confirmation time estimated at about 10 mins per transaction, which could increase if the network is experiencing high demand.Another important feature worth mentioning is the reasonable security measures that are taken in Counos platform, which provide users faster access to their finances, especially in time-sensitive situations. Mathematics help secure the network and empowers users to control their finances more effectively. One key aspect of Counos is the fact that it provides different algorithm designs and policies for specific purposes.The transaction size of Counos is rapidly growing, which any user could check here. Additionally, Counos also offers an Escrow Service for a secure multi-signature wallet, enhancing the way we trade cryptos; and also offers a Payment gateway.Counos CoinsThe coins offered by Counos were developed based on the Litecoin source code and operate within a completely independent network. With over 16.8 million coins already mined and with an average of 4.2 Million remaining to be mined, the coins are completely decentralized. As for distribution, 15 Million coins will be handed directly to users, 1 per wallet, growing the number of active wallets exponentially.Out of the 16.8mm of Counos Coins available, 1 million will be distributed among influencers, marketing, and exchanges, and the remaining 800000 CCA Coins will be kept by the founder. This mechanism will prevent one single user to remain in control of the majority of Counos Coins available in the market, while also securing the growth in the price of the cryptocurrency.Furthermore, the value of CCA will also increase as more people buy it. Eventually, the value of CCA will be determined by the market in which it trades, meaning that its value will be linked to the supply and demand, just like any other commodity. After the distribution of 15mm CCA, people will begin building up a new market, therefore bringing more value to CCA.Nowadays, Bitcoins have value because they are used as a form of money, measured by its growing base of users, merchants and startups that currently apply its technology into daily operations. Like any other currency, Bitcoin value is basically linked to its offer and demand, and the willingness of people to use it as a payment method. After distribution, CCA is expected to have a similar impact, with a guaranteed user base of 15mm users; which will bring demand and offer to the market for CCA.Counos coins can be found in their decentralized exchange (beta) and their Counos exchange (beta) as well in other exchanges https://www.southxchange.com/Market/Book/CCA/BTC and https://graviex.net/markets/ccabtc.Counos AirdropCounos is announcing an airdrop worth 1 CCA coin (approx. $1.30). By sharing the referring link, each participant will earn an additional 0.1 in CCA coins. By entering this airdrop, users will participate in a lottery for a chance to win $10,000 every 6 months or $100,000 every 3 years. To join this airdrop, just follow these simple steps:Complete the Counos Airdrop form and download the Counos Wallet AppOpen the app and create a new accountGo to your portfolio and select Counos CoinsClick receive and copy the wallet addressSubmit your wallet address and other details to the airdrop form, verifying your email in the processReceive 1 CCA coin and automatically enter the chance to win $100,000Invite friends with your link and win 0.1 CCA per referral.If you wish to know more about Counos, make sure to visit their website.Counos Coin CCA – The Real Decentralized Coin – Is Giving Away 16Mil Coins Plus A
Trading platforms in the rising cryptocurrency industry have now got a worthy contender in the form of Bithoven.com, which is an advanced multifunctional crypto trading platform designed considering the feature and function requests from the vast community of cryptocurrency traders.
Unlike other platforms, Bithoven has a fast turnaround rate for the development, testing and integration of new features as and when the need for it arises within the community. In the same direction, the platform has recently launched a Margin Trading service. With this new Margin Trading feature, platform users will be able to trade larger amounts despite having a limited capital to benefit from the prevailing market conditions at that moment. The platform offers an attractive leverage of 1:20 which can be applied to both buy (long) and sell (short) positions. In order to ensure familiarity of the platform for traders before they can conduct actual trades, Bithoven also has a free demo margin trading feature where they can train themselves without any risk to their actual funds.
Margin Trading Specification
Bithoven is a multi-platform trading solution that can be accessed on almost all devices with internet connectivity. The platform is optimized for web, desktop and mobile devices and also supports MetaTrader 5 integration as an added advantage. Another important feature that is unique to very few platforms including Bithoven is the support for trading bots and expert advisors, which when combined with the powerful trading tools for market analysis and prediction, users stand a good chance to execute perfect trades.
Bithoven offers a lot of options to its users by supporting a range of cryptocurrency and fiat trading pairs including BTC/USD, ETH/USD, LTC/USD, XMR/USD, BCH/USD, ZEC/USD, DASH/USD, XRP/USD, EOS/USD, BCH/BTC, DASH/BTC, ETH/BTC, XMR/BTC and ZEC/BTC. However, when it comes to the demo Margin Trading account, the nominal cryptocurrency remains to be BTC, and the leverage ratio is set at 1:500.
The platform also integrates a strong personal wallet for all its users, which offers a great deal of security for their stored funds. Other advantages of Bithoven over other exchanges include the highest liquidity, quick performance, highest uptime and fault tolerance. It also includes a state-of-the-art trade matching engine that is handled by innovative algorithms, guaranteeing users the best deals while minimizing the impact of market volatility.
Bithoven users can continue margin trading with no maximum trading limits, and as they continue with their routine, the customer support will be available to them, round the clock.
More information about Bithoven is available at – https://bithoven.com
The post Bithoven, A New Symphony to the Ears of Crypto Traders appeared first on Live Bitcoin News.
Coinspeaker Binance Updates IEO Rules on Its LaunchpadBinance has announced an update on Binance Launchpad lottery system. The holders of Binance Coin (BNB) now have the possibility of being rewarded with up to 25 lottery tickets. The main criterion for getting more tickets is the same – average BNB holdings over the specified period on a user’s account. The main idea behind is pretty straightforward – the more you hold, the higher your odds to end up with the victory are.Binance, the crypto exchange, posted on its website a set of rules helping to get a more vivid picture. Each consequent project will have a longer holding period – it starts from 7 days and gradually progresses to 30. You can get acquainted with the rules below:The next (7th) Launchpad project will have a 7-day BNB holding period.The 8th Launchpad project will have a 15-day BNB holding period.Starting from the 9th Launchpad project and onwards, the BNB holding period will be set at 30 days.Sounds simple, right? However, to add more spice to the game, Binance plans not to disclose any specific time setting. That is, the holding period of Binance Launchpad may begin prior to the actual start of Binance Project – with no official notice, clearly. The rule was stated as it goes:“Going forward, the BNB holding period may start before each Launchpad Project is initially announced. For example, if the 8th Launchpad project is initially announced on August 7th with the final BNB holding date set on August 13th, that would mean the BNB holding period started on July 30th.”Some more formalities to keep in mind are the following ones:User BNB balances will return to being snapshotted at 0:00 AM UTC each day.BNB in Binance Margin Accounts will not count towards each user’s BNB balance for Launchpad ticket claim.The number of tickets claimable and the corresponding amount of BNB required for each category has also been updated, as outlined below.In total, each individual can claim up to 25 lottery tickets. But how can you find out how much tickets you will be able to get? One thing here to keep in mind is: the users will be awarded based on their daily average holding of BNB within the lottery period.To start with, let’s consider an example. If the holding period is 7 days, and each day you maintain a differing balance of BNB, then the average has to be figured out the following way:Day #BNB Balance (recorded at a random time each day) Day 1100 BNBDay 2100 BNBDay 3100 BNBDay 4100 BNBDay 550 BNBDay 650 BNBDay 750 BNBAverage BNB Calculation(100 + 100 + 100 + 100 + 50 + 50 + 50) / 7 = 78.6 BNBTotal Eligible Ticket(s)5 TicketsAs soon as this step is done, you can use the table to look up the number of tickets you will receive. Let’s put an example: you know that your average balance exceeded 100 BNB but still falls beyond 150 BNB – in this case, the maximum what you can gain is 10 lottery tickets. Check out the table provided by Binance:Daily Average BNB balance (X)No. of Lottery Tickets50 ≤ X < 1005100 ≤ X < 15010150 ≤ X < 20015200 ≤ X < 25020X ≥ 25025That’s all what it takes. Binance thanked all its supporters, and we, in our turn, want to wish good luck to all participants.Binance Updates IEO Rules on Its Launchpad
Coinspeaker Digital Payments ForumWhen: 1-2 October 2019Where: Berlin, GermanyVenue: Wyndham Garden Berlin MitteOrganizer: BIS GroupContact Details: Lina Kozina, Project Manager (firstname.lastname@example.org)Online Booking/Registration: https://bisgrp.com/event/digital-payment-forum#registrationUpdates on the ForumLinkedIn: Banking and Financial SectorTwitter: #BISdpfFacebook: BIS Group s.r.oThe meeting on Digital Payments (Berlin, 1-2 October 2019) is organized for BFSI Industry to discuss trends, regulations, technology developments and security in the digital payment landscape.In the Chair: Piet Mallekoote, CEO, Dutch Payments Association.Key Themes on the AgendaDigital Payments in Europe after PSD2Impact on Europe’s Payment IndustryNew QR Payments standard in 2020What does 2019 have in store for the blockchain space?Where Next for Challenger Banks?A Continuous Influx of Real Time PaymentsHow has AI in Fintech transformed financial services?Lithuania: Up and Coming Fintech HubBuilding a Strong International Fintech EcosystemBuilding a Transatlantic Bridge – Comparing 2 Regulatory ModelsRetail Banking Priorities and ImprovementsCash to Cashless – Will Cash Become Obsolete?Some of the Case Studies Which will be PresentedHSBC: How is adoption of Open Banking progressing in the UK, more than 18 months after launch. How has HSBC responded to the Open Banking opportunitiesDeniz Bank: Retail Banking Priorities and Improvements. Next generation of SME banking. Potential cashless paymentsUBS: Current State of Regulation in Europe. New QR Payments standard in 2020 and how will it impact banking in SwitzerlandNational Bank of Belgium: How far have financial institutions come since the implementation of PSD2? How have organisations in Europe thrived now PSD2 is in full swing?Intesa Sanpaolo: Digital Banking: Making Everyday Money Easy. Attracting new customers. The app that knows your customerStarling Bank: Where Next for Challenger Banks? Why challengers and fintechs are often misunderstoodFidor Bank: Digital Payments 4.0 – Data Security and Sovereignty.Digital Payments Forum
Coinspeaker FunFair Technologies Delivers Real-time Affiliate Payments Across Casino NetworkFunFair Technologies, the market-leading blockchain casino platform provider, is now live with its innovative, real-time affiliate technology across its white label network.The innovative technology, which changes the rules for affiliate and referral partnerships, guaranteeing real-time payments based on wagering, not player losses, and is available now to both affiliate partners and individual referrers.Significantly, affiliates no longer need to wait until the month or quarter end to receive payments, with smart contract technology ensuring revenues are paid on-chain in real time in FUN, direct to a nominated Ethereum wallet.FunFair’s Guaranteed Fair technology ensures all transactions are transparent, mitigating disputed payments, with all affiliated player activity and payments available to view live on the blockchain.It is expected that the instant payments standard will set the standard for affiliate partnerships in future, empowering the affiliate or referrer with the peace of mind and immediate revenue that their traffic driving efforts deserve.The technology will also add an extra social dimension to FunFair-powered casinos’ next generation offering, complementing its millennial-focused games portfolio and community-led approach.Lloyd Purser, COO at FunFair Technologies, said:“To launch this groundbreaking new technology into the affiliate space is a major landmark for us and the industry, and we’re excited to see how professionals and more casual referrers take to the real-time payment benefits.It will likely be a brand new concept to many so we’re looking forward to working with partners on how guaranteed instant payments based on wagering is not only possible, but now live across the burgeoning FunFair casino network.”CasinoFair, FunFair’s first live casino, is now live with the affiliate technology, offering affiliates preferential rates to celebrate the launch and offering referrers a limited time Universal Offer and a promotion that will see the top three referrers share a prize pool of 500,000 FUN.Affiliates looking to be first movers in the space can sign-up here, while individuals wanting to start earning now can register and start earning here.About FunFair TechnologiesFunFair, currently powering CasinoFair and Crypto Casino, is the leading B2B blockchain casino platform provider, changing the gaming industry for the better. Running on the blockchain, FunFair is empowering a new breed of operator with a low-cost platform, game developers with access to a vast new audience, and players with a Guaranteed Fair experience superior to anything else on the market.Its team has over 100 years of combined experience in the gaming and casino space, as well as 20 years of blockchain expertise, providing a platform to deliver the best slots, table and unique instant win games in a transparent, fair manner.Co-founded by Jez San OBE, Jeremy Longley and Oliver Hopton in 2017, its growing team of c.40 are based in Dublin and London.For more information, visit funfair.io. Follow on Twitter at twitter.com/funfairtech and Telegram at https://t.me/FunFairTech.FunFair Technologies Delivers Real-time Affiliate Payments Across Casino Network
Coinspeaker CoinGecko Releases 2019 Quarter 2 Cryptocurrency ReportCoinGecko, one of the world’s leading cryptocurrency aggregators, today published its 2019 Quarter 2 Cryptocurrency Report. The 46-page report gives an overview of the state of the cryptocurrency market and the major events that happened in the second quarter of 2019.Bobby Ong, co-founder of CoinGecko said the following in relation to the report,“Crypto summer is undeniably upon us as we see the industry enter the mainstream consciousness again, in part due to Facebook’s recent announcement of Libra. The release of CoinGecko’s Trust Score during Consensus New York has been met with a positive response which emboldens our resolve to empower our users with richer data to make better-informed decisions. As with all our resources, I hope our readers will benefit from this report with the latest data and insights as they get better informed about the industry.”Cryptocurrency Market OverviewThis quarter saw an astounding 125% increase in crypto market capitalization as crypto summer began to thaw out the winter. Bitcoin led the market with a gain of 165% in value from $4,103 to $10,888. The increase in Bitcoin’s price saw its market dominance increase from 54.6% to 65.0%.Cryptocurrency Exchange MarketThe cryptocurrency exchange market has also grown significantly. A total of 302 exchanges – or 87% of all cryptocurrency exchanges tracked by CoinGecko, were added in the last 18 months throughout CoinGecko’s 5-year history. Exchange hacks have also become increasingly sophisticated where even top exchanges such as Binance were not spared with 7,070 Bitcoin worth an equivalent of $40 million was stolen off the platform.Due to the increase in demand for a more secure trading platform, decentralized exchanges have risen in popularity as a way to combat the risks of centralized exchanges.Highlights from the CoinGecko Quarter 2 ReportCoinGecko’s Proprietary Trust ScoreCoinGecko’s Trust Score algorithm was created to address questionable trading volume reported by exchanges. CoinGecko users are now presented with normalized trading volumes based on exchange traffic statistics and in-depth order book data. With CoinGecko’s Trust Score, exchanges now have the incentive to be transparent and to empower users to make better-informed decisions.Strong Growth in Initial Exchange Offerings (IEO)The IEO trend continued to grow throughout Q2 2019, peaking in April with 34 IEOs and $109.9 million raised in a single month. Q2 was by far the most popular period for IEO with 66 out of 72 (91%) IEOs occurring during this period. A total of $262 million was raised via IEOs in the first half of 2019. However, only 50% of IEOs were currently traded above IEO price by the end of June 2019.Facebook Announces LibraThe crypto industry was given mainstream media attention when social media giant Facebook announced Libra, a global blockchain-powered payment system with a vision to “reinvent money and transform the global economy”. CoinGecko summarized the content of the Libra whitepaper so that readers will have a clearer understanding of what Libra is about.Lightning Network Growing SteadilyThis report provides insights into the development of the Lightning Network, a second-layer solution for cheap and instant Bitcoin payments. The Lightning Network’s overall network capacity saw an 87% increase to over 1,100 BTC and its node count doubled to 4,576 nodes at the end of Q2 2019.This is the 8th edition of the CoinGecko’s Quarterly Cryptocurrency Report. To read the full report, do refer to the following links:PDF: http://bit.ly/CoinGecko-2019-Q2-Report Slideshare: https://www.slideshare.net/coingecko/coingecko-2019-q2-cryptocurrency-reportAbout CoinGeckoCoinGecko aims to provide a 360-degree overview of the cryptocurrency market. In addition to tracking cryptocurrency price, volume and network value, CoinGecko also tracks fundamental data such as community growth, open-source code development, major events and on-chain metrics. CoinGecko’s objective is to elevate participants’ understanding of the fundamental factors that drive the market. Operating since early 2014, CoinGecko is one of the largest and earliest cryptocurrency data aggregators, tracking over 5,100 tokens across 350 exchanges.For more information, visit https://www.coingecko.com.CoinGecko Releases 2019 Quarter 2 Cryptocurrency Report
As Live Bitcoin News reported earlier, bitcoin is now trading for over $10,500 after falling to roughly $9,600 just two days ago. One of the items to emerge from the shadows that may have contributed to bitcoin’s fall is Steve Mnuchin, who claimed that bitcoin was headed for “strong regulation” in the United States. In examining the cryptocurrency’s sudden rise over a 24-hour period, one can’t help but wonder if Mnuchin’s words helped the coin rebound somewhat.
Mnuchin: More Regulation Is Heading Our Way
As we all know, regulation has been a hot topic in the space for several years. Many institutional players have expressed interest in the world of crypto trading but have failed to enter it out of fear that their assets will be stolen or hacked thanks to the ongoing lack of regulation. Mnuchin’s comments could finally be making many more of these institutional investors come out to “join the party.” Without fear, they can invest appropriately, which will undoubtedly boost bitcoin’s price.
Recently, the Treasury Secretary issued a statement further explaining the kind of regulatory waves traders within the U.S. can look forward to. He explains:
We’re going to make sure that bitcoin doesn’t become the equivalent of Swiss-numbered bank accounts, which were obviously a risk to the financial system… I want to be careful that anybody who’s using bitcoin – regardless of what the price is – is using it for proper purposes and not illicit purposes, and there are billions of dollars of transactions going on in bitcoin and other cryptocurrencies for illicit purposes.
Mnuchin, for the most part, seems open-minded to bitcoin’s use. When questioned about whether illicit transactions make bitcoin an illegitimate cryptocurrency, he explained:
I don’t think that’s accurate at all. Cash is laundered all the time. We combat bad actors in the U.S. dollar every day to protect the U.S. financial system.
In many ways, Mnuchin appears to be comparing bitcoin’s properties to those of fiat.
It seems the tables have turned somewhat for bitcoin in terms of organization-based and corporate attention. For example, many analysts and financial platforms have stated in the past that putting any energy or money into bitcoin was a mistake, and that funding blockchain ventures was the smarter thing to do.
However, as of late, funding in blockchain-based businesses has dropped dramatically. Many have turned to bitcoin enterprises given the currency’s recent price spikes, which began in April of this year. In addition, large companies are being virtually ignored by hedge fund managers and others who provide financing to new businesses, while startups are presently all the rage.
Everyone Has Suddenly Forgotten About Blockchain
Nicholas Pappageorge, senior analyst at CB Insights, explains of blockchain companies:
It took a little bit [of time] for the enthusiasm to wear off.
The post Steve Mnuchin Regulation Comments May Help BTC’s Price appeared first on Live Bitcoin News.
Iran is turning more and more to bitcoin as the United States continues to impose economy-weakening sanctions on the nation’s operations.
How Iran Is Looking to Fix Its Financial Mess
To be fair, Iran has been secretly involved in bitcoin for a few years. Things began in 2015 at the start of the Iran Nuclear Deal. It was during this period that the nation’s currency, the rial, fell from about 32,000 for $1 USD to about 120,000 for $1 USD. Thus, many bitcoin miners have since begun the business of extracting new coins and earning a profit by selling or trading these currencies behind closed doors.
Why so secretive? Well, because Iran is still very much against any activity that involves cryptocurrency. While the process of bitcoin mining itself is not necessarily banned, the activity of shipping new mining equipment in and out of the country is until Iran can develop newer (and clearer) regulation. Many bitcoin miners live very hidden and refuse to identify themselves out of fear of being persecuted by their country’s government.
Mohammad Javad Azari Jahromi, Iran’s minister for information and communications technology, explains:
It is clear that [Iran] has turned into a heaven for ‘miners.’ The business of ‘mining’ is not forbidden in law, but the government and the Central Bank have ordered the Customs Bureau to ban the import of mining machines until new regulations are introduced.
For the most part, Jahromi says that Iranians have become more open to cryptocurrencies once the concepts behind them were properly explained. He says:
Some of our top clerics have issued fatwas that say bitcoin is money without a reserve; that it is rejected by Islam and cybercurrencies are haram. When we explain to them this is not a currency but an asset, they change their minds.
Last year, regulators in Iran began monitoring transactions within the region to ensure that none occurred with foreign currencies. This included bitcoin. It is estimated that over $2 billion in bitcoin transactions occurred within the nation’s borders, and legislators say this isn’t helping the rial get any stronger.
In addition, Iran is concerned about the illicit activity that allegedly comes with bitcoin and other digital currencies. Last November, a grand jury in New Jersey accused two Iranian men of hijacking approximately 200 American computer networks for the purpose of extracting bitcoin ransoms.
You’ve Got to Keep Things Safe!
Sigal Mandelker, the Treasury’s undersecretary for terrorism and financial intelligence, has suggested that cryptocurrency exchanges and similar crypto-based businesses need to up the ante when it comes to security and keeping customers’ assets protected. He states:
As Iran becomes increasingly isolated and desperate for access to U.S. dollars, it is vital that virtual currency exchanges, peer-to-peer exchangers and other providers of digital currency services harden their networks against these illicit schemes.
The post The Underbelly of Iran’s Secret World of Bitcoin appeared first on Live Bitcoin News.
Zygot has joined hands with Matic Network, which with its plasma sidechain technology, ensures secured invoice exchange, higher throughput, faster transaction and more.
Calgary, Alberta, Canada, July 18, 2019: Top ERP company Zygot is delighted to announce its recent partnership with Matic Network. The company has integrated its Ethereum blockchain-based ERP module ZERP with Matic with the goal to establish a more refined and more secure experience for its users. Matic represents an advanced version of Ethereum which is devoid of the usual problems with Ethereum.
Zygot had a convenient migration to Matic Network since the Network’s sidechains are Plasmafied EVM sidechains.
The prime feature which the Zygot team aspires to make available to its existing clients is an ability to exchange invoices in a decentralized manner. The scalable Matic Network, along with PGP encryption and IPFS, assures secured P2P exchange of invoices. Besides, PGP is layered with asymmetric encryption that assures data will be accessible only by the recipient company.
“We are excited to form an alliance with Matic Network. The partnership will help us to assure the most secure hack-proof exchange of invoices in a decentralized environment. Thanks to this partnership, we will be able to host the invoice data and the details of its status live on Matic but in a ‘permission-driven’ manner. It makes things more secure by blocking random unauthorized access to our clients’ invoice data”, stated Denko Mancheski, CEO of the Zygot team while announcing the company’s partnership with Matic.
According to the statements of Mr. Mancheski, the Matic partnership will enable Zygot clients to whitelist (or blacklist) companies from which they want to receive invoices.
As Zygot encompasses a huge 400+ client companies, all of these features combined will demand a high-throughput blockchain with low (close to zero) fees. But such requirements are not viable with the company’s traditional blockchain ecosystem. Matic is developed with the mission to solve the problems of the existing blockchain system. It will help Zygot to achieve its desired high-throughput blockchain with extremely economical rates.
The Matic team explains how it will help Zygot to accomplish high throughput.
“We assure high throughput and can scale up to 65k transactions per second on a single Matic chain with our decentralized plasma operator mechanism. We are a Layer 2 scaling solution that achieves scale by utilizing sidechains for off-chain computation. At the same time, we assure asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. We stand for instant & scalable blockchain transactions and can scale ‘2 16 transactions per block, per second’ for a single Matic sidechain. We will also help Zygot to achieve low transactional costs through economies of scale.”
[In Frame (From Left) Sandeep Nailwal, COO, Matic Network, and Pankaj Kurumkar, CMO from ZygotERP]
To attain low-cost and prompt confirmations, Matic offloads transactions onto its sidechains which have 1-second block times. It is followed by batching of proofs of sidechain blocks with Merkle root of the blocks to a decentralized mainchain (Ethereum), using a decentralized layer of PoS Stakers.
Matic Network hosts a decentralized portal which uses an adapted version of Plasma framework that assures quicker and incredibly low cost transactions- with finality on main chain. The Network is developed to solve the problems of existing blockchain ecosystem.
One of the most reputed ERP providers, Zygot covers a huge client base in Europe, including 400+ client companies. The company has come up with a next-gen blockchain-based ERP module (ZERP) that assures a decentralized, open-source, community-oriented, marketplace-facilitated and customizable portal.
More information can be found on the Zygot’s website, Zygot.io and by following their social media accounts: Telegram, Twitter, Reddit, and Medium below:
Media Contact: Pankaj@zygot.io
The post Zygot Gets into Partnership with Matic Network for Secured and More Advanced User Experience appeared first on Live Bitcoin News.
At press time, bitcoin has spiked to $10,600. While this may not seem like much at first glance, the currency hit a serious curb roughly two days ago when it fell below the $10,000 mark to $9,600 following several ugly blows to its reputation. It is now trading for about $1,000 higher, suggesting that perhaps, while volatility is still prevalent, bitcoin is indeed tougher than it was years ago, as we’ve been saying for some time.
Bitcoin Continues to Defy Our Original Ideas
The first nasty hit to bitcoin occurred when U.S. President Donald Trump released several tweets suggesting that cryptocurrencies “weren’t money.” He said that he didn’t care for digital assets, as their values were based on nothing but “thin air.” He also commented that many were magnets for money laundering and other illicit activity, such as drug transactions.
From there, David Marcus, the head of Facebook’s blockchain division, was hit with numerous questions in a Senate hearing regarding the social media conglomerate’s new cryptocurrency Libra. As it turns out, many Senators and people in Congress weren’t too crazy about Facebook entering the financial space. Since the Cambridge Analytica scandal last year, users’ trust of Facebook has seemingly dropped to all-time lows, and many think the company knows little or nothing when it comes to keeping people’s private information safe and secure.
Thus, the idea of Facebook having access to one’s monetary data was a little frightening to many in Congress. They ultimately asked the company to hold off on its development plans indefinitely until they could better understand the coin’s properties and where the company was planning to go with it. Today is the second day of this ongoing Senate grilling. Marcus is still being questioned, and it appears the Libra team is willing to cooperate with congressional requests to keep Libra development to a minimum.
Some might consider this a huge blow to cryptocurrency, but this isn’t necessarily true. If Libra isn’t fully understood, the proper research and attention must be devoted to it prior to its release. Otherwise, many users who are planning to get involved could wind up stuck in the middle of a financial plan that puts their data in needless jeopardy.
Can Facebook Earn Our Trust Back?
Second, Facebook still needs to prove to everyone that it knows what it’s doing. That it’s learned from the Cambridge Analytica scandal and that it will do everything in its power to ensure people’s financial information doesn’t wind up in the wrong hands.
In the middle of everything, bitcoin has risen quite a bit, suggesting that the present hits didn’t have as big an impact on the currency as we might have thought. In addition, several analysts predicted that Trump’s words specifically would careen the currency deeper into mainstream territory. Maybe this is the beginning of their predictions coming true.
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