Gas GAS

$2.69
Market Cap $ 27.260 MM (#134)
24h Volume $ 1.578 MM
Chg. 24h: 0.61%
Algo. score 3.9/5  (#64)
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Gas News

Oil and Gas Giant Shell Is Looking For Blockchain Analysts

Shell, the fifth largest oil and gas producer globally is looking for blockchain analysts through its IT graduate program. According to the job listing on LinkedIn, the position has remained open for some time now. The company is looking for graduates with distinction in mathematics, artificial intelligence, and computer science. Shell is looking to explore the merging of blockchain technology with the oil and gas industry. They're only interested in looking for potential "use cases" right now. As multiple Fortune 500 companies are clamoring to study blockchain technology, the demand for blockchain talent is on a steady rise worldwide. Just last month, Shell joined a blockchain consortium along with Chevron and Exxon-Mobil to modernize their post-trade processes. (VS)

2 days ago

Ontology Partners With Decentralized Movie Distribution Platform MovieBloc

Li Jun, the founder of blockchain project Ontology announced a partnership with decentralized movie distribution platform MovieBloc at the TOKEN 2049 conference in Hong Kong. MovieBloc is driven by KPMPlayer, a multimedia platform that has over 800 Million downloads worldwide. To celebrate the partnership, Ontology has announced a giveaway of Ontology Gas (ONG) on Binance. A total of 200,000 ONG will be given away to the top 50 ONG traders. Ontology (ONT) is priced at $1.02, gaining 7.14% in the last 24 hours. (VS)

6 days ago

Vitalik Buterin Proposes Gas Fee "Norm" for ETH Wallet Transactions

Ethereum co-founder Vitalik Buterin recently suggested the creation of a “community norm” that would permit client and wallet developers to charge a 1 gwei / gas fee for txs sent via their wallet. Increasing the average user gas costs by 7 percent would raise an additional $2 million per year for Ethereum developers and this method would involve the entire community rather than following traditional routes of securing capital. Buterin’s proposal was met with mixed reactions and one Twitter respondent countered that developers should be able to set their own transaction prices and limiting this option stands in the path of free enterprise. Buterin responded to critics by saying he was not mandating a fee increase but rather attempting to start a conversation on how the Ethereum community could better support developers. (RS)

8 days ago

Vitalik Buterin Proposes Gas Fee “Norm” For Ethereum (ETH) Wallet Transactions

Ethereum co-founder and cryptocurrency industry mainstay Vitalik Buterin has proposed a controversial method for increasing ETH developer fund support: imposing gas fees on wallet transactions. On Mar. 8, Buterin tweeted his proposal, making a clear...

8 days ago

What is TRON? What is TRX? A Must-Read 2019 Guide Packed Full of Info

What is TRON? TRON is a highly ambitious project aiming to establish a truly decentralized Internet. If you’re wondering what that involves or simply “What is Tron?” then you have come to the right place as this guide is packed full of useful info. The TRON protocol is among the biggest blockchain-based operating systems worldwide, is highly scalable, has high throughput, and is able to support a wide range of decentralized applications in its ecosystem. TRON also acquired BitTorrent in July 2018 to further its mission of creating a decentralized ecosystem. TRON’s native token TRX is currently the world’s 10th largest cryptocurrency with a market cap of more than $1.5 billion (as of March 10, 2019). What is TRX? HODL TRX - Source: Shutterstock.com Tronix or TRX is the native digital currency of the Tron blockchain. It first came into existence when Tron launched a successful ICO which raised over $70 million in September 2017. At the time, TRX was a token designed on the ERC20 protocol. As the Tron blockchain matured, so did the TRX token. Less than a year after its ICO, Tron launched its mainnet which led to a token migration from the ERC20 TRX token to the new mainnet TRX coin. Note: TRON activated its mainnet on June 25th, 2018 and celebrates this date as TRON’s Independence Day. Tron is still collecting the ERC20 tokens and burning them so that eventually the only TRX tokens in existence will be the mainnet version. What are TRC-10 and TRC-20 Tokens? Tron states on its website that: “TRC-10 is a technical token standard supported by TRON blockchain natively, without the TRON Virtual Machine (TVM). TRC‌-20 is a technical standard used for smart contracts on the TRON blockchain for implementing tokens with the TRON Virtual Machine (TVM). It is fully compatible to ERC‌-20.” Custom TRC-10 tokens can be made and issued on the TRON Network for the cost of 1024 TRX tokens. The creators do not need any programming knowledge, and the whole process is very easy to complete. A well-known example of a TRC-10 token would be the BitTorrent token (BTT). TRC-20 tokens can support smart contract implementation using the Tron Virtual Machine (TVM). It is fully compatible with ERC-20 tokens and therefore enables developers to port their Ethereum contracts over to Tron. Smart contracts offer unlimited possibilities, and TRC-20 tokens are able to implement extra logic that is not possible with TRC-10 tokens. However, TRC-20 tokens are more complicated to set up than TRC-10 tokens. A well-known example of a TRC-20 token would be ANTE which is used on the popular TRONbet platform. TRC-10 and TRC-20 token features - Source: developers.tron.network How Does TRX Work? TRX is short for Tronix and is the official native cryptocurrency of TRON. TRX works in several ways. Being the de facto token of the Tron economy, it can be used as a medium of exchange, as an investment and as a bridge currency between different platforms and other Tron tokens. TRX utilizes blockchain technology, and transactions are done peer-to-peer. TRX transactions are fast and have low fees. It can be found on numerous exchanges as discussed in detail below and is currently the 10th largest cryptocurrency worldwide. What Are the Main Functions Of TRX and Its Use Cases? While Tron is as flexible as any other top cryptocurrency in the market, here are some of the most crucial functions of TRX: Digital currency / Medium of exchange TRX is the main medium of exchange in the Tron ecosystem. This includes payment for or earnings from the 100’s of Tron-based decentralized applications (DApps). TRX can be sent or received by anyone who has a Tron Wallet anywhere in the world. It can also be used to pay for goods and services as a form of digital cash like Bitcoin. To provide rights and privileges Holding TRX tokens provides you certain rights and privileges in the ecosystem, especially if you voluntarily have them frozen (locked) in exchange for Tron Power (TP). This will activate voting rights in Tron elections. If the TRX is unfrozen the votes become invalid until they are frozen again. TRX holders also benefitted from a BitTorrent Token (BTT) airdrop where they received free BTT. To create TRC10 and TRC20 tokens TRX can be used by content creators and Dapp developers to create their own tokens hosted on the Tron blockchain. Each time someone creates and issues a new TRC10 token they pay a fee of 1024 TRX which is then burned (permanently removed from the supply). This helps to reduce spam on the network and promotes the creation of quality tokens. An investment TRX has appreciated significantly in value since its launch. However, its price can be extremely volatile moving in both directions so it would be considered a high-risk / high-return investment. From its launch to its all-time high in January 2018 TRX increased by more than 10,000%. However, since then its price has decreased by more than 90%. The Tron Roadmap Tron has achieved a lot wit

9 days ago

Authorities Apprehend Two Men for Stealing a Bitcoin ATM

Authorities have arrested two men after finding out they participated in a Bitcoin ATM theft. Surveillance cameras caught three men breaking into a Shell gas station in Atlanta and stealing a Bitcoin ATM on March 8. One of the men dropped his phone in the process, and while the Atlanta Police Department does not say this led them to the criminals, they arrested two men less than 24 hours later. The ATM is worth $2,000, and no one has unveiled how much money was in the machine. The two men are facing second-degree burglary charges. (KE)

10 days ago

Is Vitalik Buterin’s Wallet Fee for Developers a Comeback for Justin Sun in the Fight for Retaining Developers?

Ethereum’s 25-year-old founder Vitalik Buterin recently took to Twitter to propose what could be termed a valuable means for cryptocurrency wallet developers to earn some decent amount from their user base. Buterin’s proposal which was more of a plea than an obligation that he expects wallet users to adopt in a bid to support the cryptocurrency/developer community suggested that wallet creators charge a gas fee of 1 gwei for Ethereum transactions made on the network. The aim of this intends to balance the needed computational energy that enables translations on the Ethereum network. The tweet read ; “I propose we consider supporting a community norm that client [and] wallet [developers] can [and] should charge a 1 gwei/gas fee for [transactions] sent through their wallet,” As seen on previous occasions, Justin Sun of the Tron network had earlier suggested that Ether and Tron developers migrate to the Tron network in a bid to revive their downfalls. In a bid to retain the upper hand, Buterin’s recent proposal may be perceived as a comeback for Sun. However, this seems unlikely the case as Buterin’s revealed that the proposal was birthed from a conversation he had with Economists at a conference last year. “I came up with the proposal after talking with economists at the Economics and Computation conference at Cornell last year ... I’m hoping the proposal can be included soon,” _ Vitalik Buterin. Buterin’s proposal was equally welcomed with both positive and negative comments as one user suggested that the policy had initially been implemented by the now-defunct Multibit wallet but there was no compliance. However, Buterin still believes that the overall response had been encouraging as the majority are open to the idea. Highlighting the impact of this policy if implemented, Buterin explained ; “At the cost of only increasing average user gas costs by [roughly] 7 percent, it would raise up to [$2 million per year] in sustainable, non-institutionally biased, market-based funding for client/wallet developers. For reference, that would cover all [Ethereum Foundation] grants to date ... with room to spare.” The post Is Vitalik Buterin’s Wallet Fee for Developers a Comeback for Justin Sun in the Fight for Retaining Developers? appeared first on ZyCrypto.

10 days ago

Daily Berminal Brief: Market Dips and Then Recovers

The overall cryptocurrency market saw a brief dip earlier in the day that saw the total market cap go from $134 billion to $131.5 billion, but has since recovered to its present level of $132.9 billion. The price of Bitcoin has declined by 0.26% on the 24-hour chart and currently trades at $3,906, while Ethereum has declined by 1.43% and currently trades at $135.61. Out of the top 100 coins, the best performing coin over the past 24-hours has been Project Pai (PAI), currently up 65.14% and trading at a price of $0.062689. Bitcoin dominance currently sits at 51.7% (JF)

11 days ago

Ethereum Creator Suffers Blowback for Proposing New Crypto Wallet Fees

Ethereum creator Vitalik Buterin has proposed a “sustainable” way to fund cryptocurrency wallet development: a tiny per-transaction fee that goes to the wallet’s developers. Ethereum Creator: Crypto Wallets Should Charge Transaction Fees In his view, the fee should be the smallest unit of Ethereum and should be a flat fee, rather than a percentage, so as not to “create a perverse incentive to not optimize gas fees.” He also thinks there should be a transaction threshold, such as 1 million gas used to send transactions within the wallet. I propose we consider supporting a community norm that client/wallet devs can/should The post Ethereum Creator Suffers Blowback for Proposing New Crypto Wallet Fees appeared first on CCN

11 days ago

Vitalik Buterin Proposes That Wallets Charge Gas Fee for Transactions

Ethereum co-founder Vitalik Buterin suggested that wallets could take a gas fee for transactions to support developers

11 days ago

Crypto Markets Stuck in a Rut Headed into the Weekend

The crypto markets are stuck in a rut at the moment, with most of the top 20 coins not showing very much movement at all. The Bitcoin price is up fractionally at $3,936 after trading as high as $3,947 earlier in the day. Ethereum is down fractionally at $138. Ethereum Co-Founder Vitalik Buterin has proposed a flat gas fee for Ethereum transactions, funds that would be directed toward client and wallet developers. Meanwhile, XRP is posting fractional losses and has shed 2.5% over the past week. Binance Coin (BNB) has been a rock star in the market but investors are taking some profits, pressuring the coin down 6% to $14.36. The combined value of the crypto market currently hovers at nearly $134 billion. (GT)

11 days ago

Vitalik Buterin Proposes Flat Gas Fee for Ethereum Network

Ethereum Co-Founder Vitalik Buterin has suggested an overhaul to the network’s fee model that would result in users paying more per transaction in gas fees. Gas is the fee that measures computational effort to complete transactions. Buterin outlined his plan in a series of tweets, starting with the following: “I propose we consider supporting a community norm that client/wallet devs can/should charge a 1 gwei/gas fee for txs sent through their wallet, we don't try to circumvent such fees, and we support protocol changes to make such fees easier (eg. abstraction enabling multi-sends).” According to Coindesk, $0.01 = 73,000 gwei, approximately. Buterin expects that a flat fee could generate as much as $2 million annually for client and wallet developers. (GT)

11 days ago

Here’s How Much Bitcoin North Korea Amassed After Hacking Asian Cryptocurrency Exchanges

🏦🐱‍💻Apart from banks, oil and gas companies, North Korean hackers also target the biggest cryptocurrency exchanges in Asia💱

11 days ago

Crypto Research Claims Ethereum PoS Unsustainable, Vitalik Hits Back

For the longest time, the developers behind the Ethereum (ETH) blockchain have had their eyes set on Proof of Stake (PoS). Serenity, as core developers call the iteration of their brainchild based on staking rather than mining, is slated to come to fruition over the coming years. But, some, including those predisposed to be enamored Bitcoin’s relatively simple Proof of Work (PoW) mechanism, which harnesses deflation, difficulty adjustments, and the sheer power of computational processes, have claimed that this alternative consensus medium may post all but solid results. Related Reading: Crypto Developments Aplenty at Devcon4, Ethereum 2.0 Among Them Staking On Ethereum May Not Be Economically Viable After a number of failed attempts, due to bugs and consensus misalignment, the fabled Constantinople blockchain upgrade went live last week. Constantinople, for those who missed the memo, introduced changes to Ethereum’s virtual machine that reduces smart contract gas consumption (lower fees), along with a -33% shift in how much Ether is issued each block. Although this blockchain upgrade had roots in bolstering the short-term scalability prospects of Ethereum, Constantinople moves the project one step closer to the advent of Serenity. 0/ We’re excited to release our “Entering The Ethereum’ report. Read it in full here! https://t.co/14Dg1vWKzz — Delphi Digital (@Delphi_Digital) March 7, 2019 But, the New York-based Delphi Digital recently expressed concerns about the viability of staking, especially in the context of current market conditions, which have drastically depressed the value of ETH. The research boutique, which recently joined hands with 51Percent and accepted Bitcoin bull Anthony Pompliano as a board member, broke down how the planned PoS model, especially the cryptoeconomics facet, could pan out in real life. Delphi’s team, headed by Tom Shaughnessy, note that the proposed yields offered through staking “look low,” even without factoring in operational expenses that come with running a server. The proposed yields offered to validators, which will be equivalent to miners on the Serenity chain, will be 18.19% APR at most — this being the case only if there is 5,000,000 Ether staked, even as transaction fees spike through the roof. More conservatively and representative of real life, validator yields will likely be well under 5%, possibly even as low as 2% to 3%. On the matter of the economic sustainability of these returns, the researchers remarked: “It’s clear that not only will network fees (gas spent) be the primary driver of higher validator yields, but that the reward structure is not economically sustainable without significant growth in those fees.” The American group then goes on to break down an Ethereum validator’s net yield, factoring in the expense of running hardware or a cloud server (which introduces centralization) for validation. They note that at current prices levels, staking will be wildly unprofitable, maybe even more so than the levels that capitulating Bitcoin miners faced in December of 2018. Mythos Capital founder Ryan Adams notes that per Delphi’s chart, at $100 per ETH (effectively current levels) and with 400 ETH in daily network fees, the annual yield would be -26%. Ouch. In a number of other scenarios laid out in the chart, prospects for validators seemed just as dire. Save for scenarios where Ether is booming and network fees are high, which seems unlikely considering the moves to decrease gas usage across the board, validators would be losing their hard earned money in exchange for processing Ethereum transactions. Thus, Delphi determined: “We absolutely believe that continued Ethereum adoption and building on the platform will help the fee market develop, but it becomes a bit of a chicken or the egg situation. A diversified and profitable validator network is crucial for the security and the longevity of the network, but that’s unattainable under the currently proposed specs without significant network fees.” Vitalik Turns The Tables As Delphi was open to criticism in response to their caution, commentators quickly threw their hats in on the matter. Even Vitalik Buterin, the Russian-Canadian coder extraordinaire behind the project, had something to say on the matter. Buterin, who has arguably become Ethereum’s version of Satoshi Nakamoto, notes that the harrowing case that Delphi laid out is “very unlikely to be true.” That seems very unlikely to be true. That implies that 1m ETH/year rewards cannot pay for a few hundred times the ethereum's current blockchain load times a ~256 overhead factor. The latter cost is comparable to the operation of the current chain... — Vitalik Non-giver of Ether (@VitalikButerin) March 8, 2019 He claims that such statistics imply that one million Ether issued each year “cannot pay for a few hundred times the Ethereum’s current blockchain load times at a ~256 overhead factor.” Buterin adds that he isn’t comfortable with making a “‘mo

11 days ago

DGTX vs BNB - Why Exchange Tokens Have Massive Growth Potential

There isn’t a trader or even hobbyist in the industry who hasn’t heard of Binance. Shooting out of nowhere to become the world’s largest cryptocurrency exchange by trading volume, the Binance Coin [BNB] ICO was one of 2017’s most successful. And its exchange token is currently tearing up the charts. Now firmly nestled among the top 10 cryptos, what does this mean for DGTX and the future of exchange tokens? Exchange Tokens Have Great Potential for ROI Clearly, not every exchange has such a charismatic and influential leader at its helm as Changpeng Zhao, now one of Crypto’s most important personalities. In the same vein, not all exchanges have such a clear use case for their tokens or ambitious plans for creating their own blockchain either. However, in general, exchange tokens do have great potential for ROI since they are built into the exchange with the goal of increasing demand. As such, when handled correctly, they will always have a strong use case, which translates into a need. Exchange users need the token; the token demand rises as a result, along with its price. The BNB Token In the case of BNB, the token allows users on the exchange to receive certain discounts on trading fees when paying in BNB. To encourage greater demand for BNB, there is also a discount for users wanting to buy them to pay fees. This discount reduces over time, presumably with the goal of capturing investors, increasing price and attracting further investors as the benefits of owning BNB become clear. In the first year of operation, Binance sold BNB tokens with as much as a 50% discount. This has since been reduced to 25% and over years three and four will be reduced to 12.5% and 6.24% respectively. BNB holders also have further uses for their exchange tokens than simply paying trading fees. They can now use them to invest in ICOs launched on the Binance platform Launchpad. Holders of more than 500 BNB can also trade at additionally reduced prices. In addition to that, the BNB exchange token can even be used to pay for goods and services in the high street in some parts of the world, despite its volatility. Perhaps one of the most compelling use cases for BNB though is that it will be the only means of payment for new listings on its decentralized exchange [DEX]. The Binance Chain will charge close to $100K for new coin listings. BNB Is Currently on a Bull Run Why has BNB seen such a spike in price lately? Surging by more than 60% in one month and still rising? Source: CoinMarketCap As Binance grows closer to launching its fully decentralized exchange and releasing Binance Chain, demand for BNB is rising. Similar to the Ethereum blockchain, users on it will be able to create their own tokens and all the gas fees are payable in BNB. It’s the updates and announcements on these developments that appear to be pushing up demand for the BNB token. Another Use for the BNB This latest bull run shows that another use for the BNB token, beyond an exchange token, is as an investment vehicle. After all, if you had bought into the BNB token ICO when the coins were worth just $0.10, you would have made a decent profit by now in spite of the bear market. BNB is currently trading at $15.01. Source: CoinMarketCap Of course, this presents a sort of double-edged sword for regulators, since a clear utility and exchange token also shows clear signs of being a security. The BNB token’s performance is linked to that of Binance and this is one of the main factors that keeps Binance at the gates when it comes to U.S. investors. However, it also illustrates the enormous potential of exchange tokens in providing investors with ROI. DGTX Exchange Token Is Already Proving Its Worth The DGTX exchange token has all the characteristics of taking off in earnest like the BNB. There are already many parallels that we can draw even before the public launch of the commission-free futures exchange. Like Binance’s Changpeng Zhao, founder and CEO of Digitex Futures Adam Todd is a visionary and charismatic leader who held a sell-out ICO in January 2018. The DGTX ICO sold out in just 17 minutes. The DGTX token has also, like BNB, bucked the bear market trend by going on a tearing bull run in October 2018 ahead of the awaited demo of the exchange at the Malta Blockchain Summit hitting a record high of over 14 cents and a 1,400% ROI from its ICO. While the token later followed the general market trend in November, it is also at the start of a new bull run this month. With over one million users anxiously waiting for the launch date of April 30, DGTX may quite possibly hit a new ATH. Source: CoinMarketCap This would seem to be due to some key announcements from the company. The launch of the Digitex Treasury, a transparent and sustainable funding plan for the exchange’s future, and the setting of a public launch date, April 30. Digitex also revealed a partnership with trading platform experts Spotware. The DGTX is currently trading at $0.061, making gains of well over 2

11 days ago

Japan’s Biggest Bank Won a $500 Million Bond Deal, Only to Lose $15 Million

The securities unit of Mitsubishi UFJ Financial Group (MUFG), one of Japan’s largest banks, purchased $500 million in bonds only to fumble up in the red. A move against its competitor Credit Suisse Group AG, the company fought hard to garner what they thought would yield solid profits in 2027, only to receive a mediocre response from investors and $15 million in losses on the table. The Bond Market Is Suffering The bonds came from gas and oil exploration venture CNX Resources Corp. Believing customers would be excited about these newfound investment opportunities, MUFG sought to overpower the purchase proposal The post Japan’s Biggest Bank Won a $500 Million Bond Deal, Only to Lose $15 Million appeared first on CCN

12 days ago

Ethereum Price Analysis: ETH Bliss, $170 The Only Obstacle To $360.

Latest Ethereum (ETH) News Craig Wright has his reasons to doubt Ethereum’s goals. The super computer talks and smart contracts and the ICO launching platform did differentiate ETH as a token and Ethereum as a platform driving its value to spot levels. Backed by dedicated developers-most working pro-bono, projects find this network irresistible despite current limitations. Read: Vitalik Buterin Compares Bitcoin and Ethereum: BTC is like a Calculator, ETH is like a Smartphone Scalability is a challenge and will remain so as long as it remains decentralized with no compromise designed to accelerate speed. Through Constantinople, the network is working towards achieving an amicable yet practical solution towards Serenity. At that last stage, like the Voltaire in Cardano, Ethereum will be scalable, have a better VM and most importantly, the throughput would be in millions if not billions. However, in the path towards this dream, sacrifices must be made. Miners did their part and through EIP 1234, thirding was executed while simultaneously pushing the difficulty bomb for another year. Thirding is a way to reducing ETH inflation, drawing demand during the ice age as the network intrinsically discourage mining in preparation for Casper. Also Read: Controversial Craig Wright Has the Technology to Make ZCash and Monero Completely Traceable Constantinople was a success and another proposal now is the drastic slashing of GAS fees. Payable in ETH, all transactions within the network is charged. Eric Conner (who is building ETHHub) proposes reduction of GAS fees by 90 percent eliminating the need of auctioning which he says is a source of frustration. ETH/USD Price Analysis At the time of press, Ethereum (ETH) prices are stable. Perched at second place with a market cap of $14,430 million, ETH is widening its gap with XRP meaning Constantinople has had an effect on price. This was expected and as mentioned in our last price piece, ETH bulls are in control as long as prices are maintained above $135. Ceilings remain at $170 but unless there is a rally above this mark, risk-averse traders should stay on the sidelines until after our trade conditions are meant. The arena is open for aggressive traders who should fine tune entries in lower time frames with reasonable target at $170. Trend and Candlestick Arrangement: Short-term Bullish, Bear Breakout Pattern In the short-term, buyers appear to be in control. However, when we take a snapshot of price action from a top down approach, Ethereum (ETH) bears are in control. Worse still, prices are within a bear breakout pattern with clear resistance at $170. The level is a strong obstacle for bulls and as previous support now resistance, the demand for ETH must be high to force a close above $170 invalidating the possible retest and the bear breakout pattern of mid-Nov 2018. If not and for a second time this year bulls fail to close above $170 and instead prices recoil with an accompanying bear bar, ETH prices could collapse below $150, $100 and last year’s lows of $70. Volumes: Increasing but Bullish Recent higher highs may be pumps of a retest phase as mentioned above. We cannot be conclusive until after prices close above $170. All we know is that the volumes of week ending Nov 25—6 million versus 2.1 million, influences our ETH/USD price action. Visibly, participation has been dropping until recently when volumes began rising as prices edged higher. With weekly averages of around 2.1 million, we need a sharp uptick above 6.5 million as ETH prices expand above $170 reversing losses of late Nov 2018. All charts courtesy of Trading View This is not investment advice. Do your research. The post Ethereum Price Analysis: ETH Bliss, $170 The Only Obstacle To $360. appeared first on Ethereum World News.

12 days ago

Constantinople Not enough, Addressing Ethereum Gas Fees A Top Priority

By all standards, Ethereum is an improvement of Bitcoin. It remains an open source ledger infused with decentralized controls supporting general computing as well as digital economic activities. underpinning Ethereum capabilities is the ability to create highly programmable programs, smart contracts, that are flexible, running as programmed without downtime. Because of this, products and services can be built and deployed on this decentralized network with the knowledge that they will remain tamper proof and secured by the swarms of global computers with the only expenditure being a small fee payable to miners, incurring a social cost to the network as a whole. Aside from the economic abstraction question, Ether (ETH) is the only currency acceptable in the network. Like Bitcoin, Ether possess three key properties—it can be a store of value, a medium of exchange—as an extended functionality of Bitcoin since it is programmable and lastly it is a unit of account. Constantinople and EIP 1014: Skinny CREATE2 The last optimization upgrade saw Ethereum moving closer to Casper FFG after the successful activation of Constantinople. By incorporating approved proposals, a major takeaway was Thirding where miner rewards were slashed from three to two via EIP 1234 and CREATE 2 via EIP 1014—a proposal by Vitalik allowing for Ethereum smart contracts to interact with third party programs. It is summarized as follows: “Allows interactions to (actually or counterfactually in channels) be made with addresses that do not exist yet on-chain but can be relied on to only possibly eventually contain code that has been created by a particular piece of init code. Important for state-channel use cases that involve counterfactual interactions with contracts.” Address Gas Fees, Conner’s Proposal However, according to Eric Conner, these optimizations are not enough. Through EIP 1559, he is proposing the scrapping of the existing auctioning model-first price auction, believing that it is “a major source of frustration” and an obstacle for full interaction and adoption of Ethereum. Although we must acknowledge that GAS fees are charged in all blockchain network to prevent Sybil attacks, a change is necessary because the network is increasingly becoming popular and some users are reporting difficulty in estimating gas fees. Coupled by their propensity of paying minimum for every transaction, their transactions are sometimes binned by miners always prioritizing transactions where initiators are willing to pay a premium for processing. What users Stand to Benefit These are pain points that need to be addressed as fast as possible. Accordingly, he is proposing a new auctioning model where the existing model is slightly adjusted “so that users submit bids as normal, then everyone pays only the lowest bid that was included in the block.” The introduction of base fees and miner tips will reduce inefficiencies and when infused with Vitalik’s proposal draws high reliability allowing wallets to automatically set gas fees regardless of network’s activity. Base fees amount varies according to demand bringing value to ETH. To stem manipulation, these base fees are destroyed as they are “burnable”. In his proposal, miners will benefit from tips. If this new fee system is incorporated, Eric lists the following benefits that users will set to draw: Save up to 90% of transaction costs Greatly improve user experience by automating the fee bidding system Provide a predictable fee system for advanced users Reduce unexpected wait times for transaction confirmations Allow users to still “jump” the line when network is congested Disincentive selfish mining even if fees dominate rewards Enshrine the economic value of ETH at the protocol level Do you think Conner’s system will be taken into consideration? Let us know in the comment section below. The post Constantinople Not enough, Addressing Ethereum Gas Fees A Top Priority appeared first on Ethereum World News.

13 days ago

Best NEO Wallets in 2019

When NEO came into the market, it was dubbed as the “Ethereum killer” based on its development structure. Basically, NEO is a cryptocurrency designed to set up a scalable network of decentralized applications. The NEO tokens are the native asset for the NEO blockchain. The non-dividable asset generates GAS tokens used for transaction fees on the NEO network. According to cryptocurrency experts, NEO is a major Ethereum competitor which was build based on a single development code. On the other hand, NEO has the ability to support numerous development languages. Under NEO, developers have the freedom to set a diverse ecosystem. On storage of NEO assets, we have a wide range of wallets with different features. However, with NEO’s market growth, we have had a number of scammy wallets hence users are supposed to be on the lookout. Here are some wallets that will guarantee the safety of your NEO tokens. Neo Wallet Ledger Nano S The Neo Wallet Ledger Nano S is an offline wallet for cryptocurrencies. It is important to note that offline wallets are the most secure when it comes to storing digital assets. Due to its versatility, the Ledger Nano S becomes one of the best NEO wallets. Apart from NEO, the wallets support more than 25 other cryptocurrencies. The wallet has unique security features meant to keep hackers at bay. The Nano S has two physical buttons that are pressed simultaneously to verify transactions. In case the wallet is lost, your NEO assets are still safe due to the PIN code feature. Furthermore, the wallet has a two-factor authentication feature. These capabilities make The Ledger Nano S one of the best NEO wallets out there. NEON Wallet It is the best Neo wallet because it has received an endorsement from the NEON development team. According to NEO developers, users should not be worried about the security of their tokens by using the NEON Wallet. The wallet was designed with beginners in mind. It is easy to install and use alongside a good user interface. On safety matters, the NEON wallet developers ensured the private keys are not stored on the NEO servers to give you full control of your funds. At the moment, the NEON lightweight client wallet is available on Windows, Mac and Linux operating systems. The NEO GUI Wallet The NEO GUI wallet is the product of NEO developers and it is the official wallet for the desktop. The wallet synchronizes with the entire NEO blockchain allowing you to set up a new wallet with password protection. Further, it allows backing up of your data by importing your private keys in WIF or HEX format. You can conduct transactions in both NEO and GAS alongside with GAS generation rewards. The wallet is currently available for Windows 7 operating systems and has both English and Chinese functionality. NEO Tracker NEO tracker gives you control over your assets making it one of the best NEO wallets in the market. It is a light web wallet that comes with a friendly user interface. Transaction on the Neo tracker is stress-free in terms of security. All the keys are not stored on the NEO Trackers servers. You can log into the wallet using the private keys or keystore file. Furthermore, creating a new wallet is very easy as the navigation is clearly set out. This NEO wallet supports chrome and edge browsers. InWeCrypto Wallet InWeCrypto wallet supports a wide range of assets including NEO. It also supports all Ethereum based tokens. The wallet offers smart ways of managing your NEO assets. On the security side, the wallet comes with the mnemonic backup alongside private keys. Additionally, the wallet provides room for the trading of the NEO assets in one click. Aphelion Wallet Aphelion is a peer to peer trading platform set up on the NEO blockchain. It also comes with a wallet based on peer-to-peer trading experience to cryptocurrency traders. The Aphelion wallet caters for both desktop and mobile users. It is among the latest to support NEO tokens. Aphelion wallet is proving to be one of the best NEO wallets based on its impressive user interface. O3 Mobile Wallet This mobile wallet works for both Android and iOS devices. It has gained a reputation as one of the best iOS wallets for NEO with a friendly user interface. It offers the perfect platform for managing NEO tokens. Unlike other wallets, the O3 Mobile Wallet allows real-time monitoring of the NEO assets. With the Android version, users can split their digital assets into a hot storage address and a cold storage address. Notably, it is an open source wallet. Ansy Neo Paper Wallet It is among the few paper wallets that support NEO tokens. Using the Ansy Neo Paper Wallet guarantees the security of your tokens. Generally, paper wallets are among the most secure to store NEO tokens. The Ansy Neo Paper Wallet allows users to print their encrypted keys and store them in a secure place. The keys only come out when you want to transact. In simple terms, the printed paper will remain secure if stored properly. NEO CLI The

13 days ago

Enjin launches its Blockchain SDK on Unity; introduces game developers to blockchain development

Enjin, the leading Ethereum-based developer, announced its partnership with Unity Technologies, enabling the addition of Enjin’s Blockchain SDK [Software Development Kit] testnet version to the front page of the latter’s Asset Store. While there are 45 games, apps, and websites using its unreleased version, the official launch is scheduled for March 14, 2019. The partnership is aimed at benefiting developers and gamers by allowing them to create, integrate and manage Ethereum-based ERC-1155 assets with ease. Enjin’s smart contracts can be used to deploy and manage ERC-1155 tokens with Blockchain SDK’s user interface. ERC-1155, created by Enjin CTO Witek Radomski, enables faster transactions, lowers the gas fees and reduces the effort required to mass-produce tokens as developers can create unlimited fungible and non-fungible assets with just a single smart contract. Offering instant interoperability, ERC-1155 provides a persistent, interconnected cross-platform experience as developers can easily integrate any ERC-1155 asset stored on the public Ethereum blockchain. More than 30 Enjin-powered games and platforms are currently using this technology to share select blockchain assets. Along with the Enjin wallet, this update is said to complete the ecosystem of support required for the widespread adoption of these Ethereum assets. Additionally, Enjin also announced full support for ERC-1155 on EnjinX, an Ethereum explorer aimed at providing easy access to data, and speeding up the mainstream adoption of blockchain technology. This update will make it easy for users to search, browse and verify ERC-1155 assets and transactions. Unity is used by 4.5 million developers to create games and the launch of Blockchain SDK on Unity will mean easy integration of ERC-1155 blockchain assets into games for Android, iOS, Xbox, PlayStation, Microsoft, and 25 other mass market platforms. The blockchain game development platform is scheduled for a demo at GDC, the world’s largest gaming industry event. Six game developers currently building with the Enjin platform will be available at booth S563, located near Intel, Sony, and Microsoft, from March 20-22 to provide an insight on Enjin’s tools. Interested developers can also try out Enjin’s Blockchain SDK on Unity and experience the ‘Multiverse’, a network of connected blockchain games with their own economy, powered by Enjin. Enjin is also hosting the Official GDC Blockchain Mixer and the Blockchain Game Alliance (BGA), which will include members from Ubisoft, Enjin, and Consensys at the Moscone Center, West Level 2 Overlook 2022, on March 21 at 6:30 pm. GDC attendees are invited to the Mixer for a happy hour and networking with blockchain industry leaders, game developers, and BGA members. The post Enjin launches its Blockchain SDK on Unity; introduces game developers to blockchain development appeared first on AMBCrypto.

13 days ago

We're excited to be a part of the Gas Station Network Allian...

We're excited to be a part of the Gas Station Network Alliance, which promotes a far more seamless & intuitive expe… https://t.co/DFs0XMCXeH

13 days ago

Cryptocurrencies Worth Holding Long Term

Since the emergence of cryptocurrencies, we have had countless investments opportunities that popped up in the sector. Some cryptocurrencies are showing great potential in terms of long term investment while others are proving to be a disappointment. Following the cryptocurrency market crash in 2018, many are not sure about digital assets to invest in. It is important to note that, despite the crash, 2019 is witnessing a renewed buzz around cryptocurrencies. Investing in cryptocurrencies has two approaches. You can choose to invest over a short or long term period. Both approaches are beneficial. However, long term investment is worth it since you don’t have to do any work after you buy the digital assets. All you have to do is sit back and watch their value grow. Just like any other venture, before investing in cryptocurrencies, you need to put some factors into consideration. Crypto investment is risky and you should know the type of risk you are getting into. Additionally, you should also look at factors that influence the price of your preferred cryptocurrency. If you go for a long term cryptocurrency investment, here are some of the digital assets to consider holding. Bitcoin (BTC) Bitcoin is the maiden cryptocurrency and it has been around for a decade now. Since its inception, Bitcoin has been going stronger with the growth of its network. As the industry pushes for mainstream adoption of cryptocurrencies, Bitcoin is on the right path based on its popularity. Various studies conducted around the world indicate that over 90% of people who know about cryptocurrencies have only heard about Bitcoin. This places Bitcoin ahead of all other digital currencies making it easy for large scale adoption. In terms of market dominance, Bitcoin makes up more than 50% of the cryptocurrency market. Furthermore, leading figures in the cryptocurrency world have projected Bitcoin’s value to range between $60, 000 to $1 million in the future. For example, John McAfee, the founder of McAfee Associates believes that Bitcoin’s value will be $500, 000 by the end of 2020. By the time of writing, Bitcoin was valued at $4149.18. The current price is good news for long term investors who have been stuck in the current bear market that has lasted for a year. It is therefore worth saying that Bitcoin is for the future. Ripple (XRP) Normally, long term cryptocurrency investment are associated with risks. However, Ripple and its token XRP seem to have a solution based on the platform’s network. XRP is a distributed network that allows instant peer to peer transactions to occur across the network. The transactions are verified by means of multiple and varied nodes. This model minimizes risks that come with crypto investments. You should also consider long term Ripple investment after it had a successful 2018 despite the bear market. The platform inked major deals with leading institutions as a way of improving service delivery. Note that partnerships with institutional investors are one way of pushing for mass crypto adoption and Ripple is doing just the same. In 2018, Ripple signed deals with the major bank making, something that makes XRP a coin that will stick around for long. The platform is becoming a got to blockchain for major banking and financial institutions. When it comes to institutional confidence, XRP is way ahead of Bitcoin and Ethereum. By the time of writing, XRP was trading at $0.335737, an improvement of 4.95% in the past 24 hours. Cardano ( ADA) ADA is the cryptocurrency under the Cardano platform. The network serves various purposes like sending and receiving digital payments. The network is also used to make direct and instant payments through cryptography. Cardano also operates decentralized applications alongside providing a platform for operating financial applications. ADA is a cryptocurrency to hold for a long term due to various factors that will spur growth. The Cardano platform is easy to use for both developers and users. It is also projected to attract more users in the coming days due to its ability to initiate fast and efficient transactions, unlike Bitcoin and Ethereum. Furthermore, it is worth holding on to ADA considering Cardano’ special focus in Africa. Leaders of Cardano are planning to use blockchain technology to bring change in Africa. They want the continent to be more organized, cheaper, and more stable than current systems. If the plan in Africa is a success, ADA will be big in Africa considering that no cryptocurrency has a special interest in Africa at the moment. Despite being a young project, ADA is now safe as an investment option. For the long term prospects, Cardano has a bright future but it will require some patience. By press time ADA was trading at $0.04906561. Binance Coin (BNB) Binance coin is an ERC30 based token issued by prominent cryptocurrency exchange Binance. BNB’s main goal is to pay a сommission for transactions on the exchange. The affected transactions can be

15 days ago

What Is AuroraChain? Introduction to Aurora AOA Token

What Is AuroraChain? AuroraChain is a blockchain-based smart-contract platform announced during May 2018’s “Beyond the Blocks” event in Seoul, South Korea. It was created to compete with Ethereum’s decentralized application ecosystem. Aurora AOA, AuroraChain’s native cryptocurrency, was originally developed as ABitchain (ABTC), and uses a Delegated-Proof-of-Stake (DPoS) and Byzantine Fault Tolerance (BFT) consensus mechanism. The AuroraChain mainnet launched in the summer of 2018 with support for both the Ethereum Virtual Machine and Solidity programming language. AuroraChain’s average gas fees are 0.0001 AOA, and it can reach transaction speeds of 2000 transactions per second (TPS), which is on par with the EOS blockchain. The key pain points AuroraChain relieves in Ethereum’s blockchain are congestion, scalability, and upgradeability. It believes its P2P stereo network is the way to do this. But it’s not even a year old yet and entering an already-crowded marketplace. Every blockchain project is aware cross-chain functionality and integration with legacy systems and data is a must-have feature. AuroraChain’s team was quick to market, but it still has a long fight ahead of it. Will AuroraChain be snuffed out before it gets old enough to walk, or will it forge the right partnerships to stand strong against a wave of blockchain-based competitors? We’ll start our search for answers by examining the market performance of AOA, AuroraChain’s proprietary token, on the cryptocurrency market. Aurora AOA Cryptocurrency Summary As of February 27, 2019, the circulating supply of Aurora is 6,542,330,148 out of a total supply of 10,000,000,000 AOA. Its peak price so far was $0.060106 on July 18, 2018. The initial supply of AOA and ABTC was airdropped throughout 2018 for performing a variety of tasks, such as joining the Aurora Telegram group in a variety of languages or following the official Twitter account. The Aurora Foundation retained 40 percent of the initial supply, and early investors retained 34 percent. The remaining 26 percent was airdropped to the community. Holding AOA in an approved wallet or exchange gives the power to elect a delegate to validate transactions for rewards and vote on network governance. Staking rewards are then distributed among the community. This helps maintain a mix of security and decentralization. Despite being so young, nearly $2 million worth of AOA is traded on a daily basis. AOA is accepted by Kucoin, CoinEgg, Bitinka, and Indodax so far. It’s constantly looking to secure more cryptocurrency exchange partnerships. The AuroraChain Foundation created official Aurora wallets for PC and Mac, along with a Lite wallet for mobile. Third-party cryptocurrency wallets that support AOA include Kcash and Math Wallet. [{"date":1530034770000,"value":0.0581663,"volume":782994},{"date":1530121475000,"value":0.0476795,"volume":1340840},{"date":1530207874000,"value":0.0401561,"volume":8612640},{"date":1530294246000,"value":0.0368544,"volume":40861},{"date":1530380641000,"value":0.0356357,"volume":32675},{"date":1530467044000,"value":0.0329854,"volume":24660},{"date":1530553443000,"value":0.0390365,"volume":48534},{"date":1530639842000,"value":0.0383817,"volume":37743},{"date":1530726244000,"value":0.0328742,"volume":48794},{"date":1530812647000,"value":0.0319607,"volume":70538},{"date":1530899043000,"value":0.0334343,"volume":219884},{"date":1530985443000,"value":0.0385241,"volume":233915},{"date":1531071844000,"value":0.0406901,"volume":228978},{"date":1531158251000,"value":0.0527382,"volume":399300},{"date":1531244661000,"value":0.0413473,"volume":321713},{"date":1531331062000,"value":0.0461065,"volume":326905},{"date":1531417457000,"value":0.0482214,"volume":417031},{"date":1531503856000,"value":0.0458707,"volume":323962},{"date":1531590263000,"value":0.0476594,"volume":295659},{"date":1531676655000,"value":0.051185,"volume":309737},{"date":1531763054000,"value":0.0570297,"volume":381918},{"date":1531849462000,"value":0.0529162,"volume":346978},{"date":1531935862000,"value":0.0594557,"volume":371692},{"date":1532022255000,"value":0.0541038,"volume":1384070},{"date":1532109261000,"value":0.0537014,"volume":827021},{"date":1532195661000,"value":0.052652,"volume":2448860},{"date":1532282061000,"value":0.0500746,"volume":2274400},{"date":1532368461000,"value":0.0483496,"volume":2189070},{"date":1532454864000,"value":0.035324,"volume":2327430},{"date":1532541261000,"value":0.0343328,"volume":1878700},{"date":1532627676000,"value":0.0395388,"volume":1721270},{"date":1532714072000,"value":0.0389987,"volume":1876110},{"date":1532800478000,"value":0.0385271,"volume":1831380},{"date":1532886873000,"value":0.0404896,"volume":1889520},{"date":1532973560000,"value":0.0448708,"volume":2059490},{"date":1533059960000,"value":0.0418198,"volume":1917510},{"date":1533146355000,"value":0.0392043,"volume":1434790},{"date":1533232760000,"value":0.0406902,"volume":1498090},{"date":1533322160000,"value":0.040525

15 days ago

What is Ethereum? The ULTIMATE Research-Backed ETH Guide

Ethereum is the leading blockchain app platform that was proposed in 2013 by Vitalik Buterin and went live on July 30, 2015. So what exactly is Ethereum? There are many different strands to this project and getting your head around it all can be quite the challenge. That’s why we have put together this comprehensive guide for those of you wondering “What is Ethereum?” and “How does Ethereum Work?” As the harbinger of the second generation of blockchains and home to the second largest digital currency in the world, Ether (ETH), the Ethereum project has started a new era of blockchain development that enables a global community of developers to unleash their creativity in the space. The ability to craft smart contracts gave developers a chance to think about new use cases for blockchain technology that previously remained largely connected to cryptocurrencies. Ethereum, the blockchain app platform - Source: Ethereum.org Ethereum also gave enterprises, organizations, and startups the ability to issue their own tokens, and build their own unique blockchain ecosystem using the Ethereum framework. Till date, Ethereum-based ERC20 tokens have been the most popular means for launching Initial Coin Offerings. Of course, Ethereum is still in development and has faced some hurdles. It has faced problems related to scalability, which was highlighted when the popular game dedicated to internet-bred cats called CryptoKitties managed to clog its network in December 2017. However, with a unique concept, upcoming developments, a strong developer community and the first-mover advantage (second only to the mighty Bitcoin), Ethereum is one blockchain project that continues to remain at the forefront of DLT and crypto development. So... What is Ethereum? In a nutshell, Ethereum is an open source Smart contract and Decentralized Application Platform. The Ethereum whitepaper describes the project as the next generation distributed computing platform, that provides a decentralized virtual machine known as the Ethereum Virtual machine EVM. The latter is able to execute Peer-to-Peer contracts by means of Ether (ETH), its proprietary crypto fuel. Blockchain technology is used as a tool of shared consensus, while Ether is the digital asset that is used to pay for transaction fees and computational services. What’s the Difference Between Bitcoin and Ethereum? Ethereum vs Bitcoin graphic - Source: Shutterstock.com Since the advent of the Ethereum project in late 2014 and its explosion of popularity within the confines of the nascent crypto space and beyond, Ethereum has always been compared to Bitcoin. All being similar to the use of Blockchain as the underpinning technology, both projects are fundamentally different. The main difference between them is the purpose of each one. In fact, Bitcoin was built as an alternative to regular money. Bitcoin can be used as a medium of value exchange, a means of payment and a store of value with no central authority to issue or control it and no intrinsic value or physical existence. On the other hand, Ethereum is rather a platform for developers to build and run Peer-to-Peer executable contracts and decentralized applications. Block time generation (seconds in the case of Ethereum and minutes in the case of Bitcoin), the rate at which new coins are mined (constant in Ethereum and halves every 4 year in the case of Bitcoin), the proof of work hashing algorithm (Ethhash in Ethereum, and Sha 256 in Bitcoin), and the total supply (capped to 21 millions in the case of Bitcoin and uncapped in that of Ethereum) are the other differences that set both projects apart. Ethereum Bitcoin Release Date July 30, 2015 January 9, 2008 Release Method Presale Genesis Block Mined Founder Vitalik Buterin Satoshi Nakamoto Blockchain Proof of Work (Will transition to Proof of Stake) Proof of Work Purpose Blockchain app platform, smart contracts & digital currencies Digital Money & store of value Native Cryptocurrency Ether (ETH) Bitcoin (BTC) Algorithm Ethash SHA-256 Block Time 12 - 14 seconds 10 minutes The Ethereum Virtual Machine The Ethereum Virtual Machine (EVM), is a 256-bit quasi-turning-complete virtual state machine that forms the runtime environment for smart contracts and specifies the execution model for such contracts. Note: “quasi” in here comes from the fact that computation is intrinsically bounded by a parameter, which is gas. The latter limits the amount of computation done The machine is stack based, altogether separate from the main Ethereum Network, and has its own independent storage model. In fact, all the nodes on the Ethereum Network run the EVM in addition to validating transactions. The EVM could be seen as a testing ground for Smart contracts because once these contracts are deployed to the mainnet, such a step can’t be reversed. Any developer that wants to build on Ethereum, could deploy his/her untested code on this network of computers and see how it muddles along

15 days ago

Coinbase’s Controversial Neutrino Acquisition Makes Waves Within Crypto Community

CoinSpeaker Coinbase’s Controversial Neutrino Acquisition Makes Waves Within Crypto Community Coinbase, one of the largest US digital currency exchanges headquartered in San Francisco, California, is continuously looking for new growth opportunities, and one of the most popular ways to expand is an acquisition. Recently, the company acquired Neutrino, a blockchain intelligence platform. At first sight, everything seemed to be gas and gaiters. However, the exchange users started to do some research and found out a quite controversial thing. It has been revealed that the executives of Neutrino were involved in the development of malware and were selling customer information to third parties. In an interview with Cheddar, Christine Sandler, the Coinbase Head of Marketing, said: “We are aware that Neutrino’s co-founders previously worked at Hacking Team, which we reviewed as part of our security, technical, and hiring diligence. It was important for us to migrate away from our current providers. They were selling client data to outside sources and it was compelling for us to get control over that and have proprietary technology that we could leverage to keep the data safe and protect our clients.” She added: “Coinbase does not condone nor will it defend the actions of Hacking Team, but it was important for Coinbase to bring this function in-house to fully control and protect our customers’ data and Neutrino’s technology was the best we encountered in the space to achieve this goal.” It is notable that in the statement protecting company data has been mentioned. However, that data had already been sold to ‘outside sources’, and it is still unclear what kind of data was stolen and when it happened. Neutrino and the Hacking Team Neutrino has been known as a go-to analytics platform for assisting law enforcement agencies and financial institutions to monitor transactions on the blockchain. According to BreakerMag’s David Z. Morris, Neutrino CEO Giancarlo Russo, CTO Alberto Ornaghi, and CRO Marco Valleri were in charge of Hacking Team, a notorious Italian IT firm whose software has helped authoritarian governments spy on their citizens. Neutrino founders plied their wares as cyber gurus for the firm. On its website, the Hacking Team states: “We believe that fighting crime should be easy; we provide effective, easy-to-use offensive technology to the worldwide law enforcement and intelligence communities.” Further, the website reads: “Criminals and terrorists rely on mobile phones, tablets, lap tops and computers equipped with universal end-to-end encryption to hide their activity. Their secret communications and encrypted files can be critical to investigating, preventing and prosecuting crime. Hacking Team provides law enforcement an effective, easy-to-use solution.” The Hacking Team has been implicated in several serious crimes. They reportedly worked with the Saudi enforcement unit that was later involved in the murder of the Washington Post correspondent Jamal Khashoggi. The firm helped the repressive Ethiopian regime monitor expatriate dissidents’ activities. The Hacking Team also cooperated with a wide range of governments around the world, including Sudan and Morocco, enabling them to commit violations of human rights and freedom of information. After this breaking news, a #DeleteCoinbase movement arose on Twitter and many users deleted their Coinbase accounts. The movement was started by a developer Udi Wertheimer who called Coinbase users for transferring residual Bitcoin to each other on the company’s books so they could drain and delete their accounts. How Coinbase will respond to that is currently unclear. But the exchange will definitely try to counter this aggression. Coinbase’s Controversial Neutrino Acquisition Makes Waves Within Crypto Community

15 days ago

ExxonMobil, Chevron and Five Others Form Global Oil and Gas Blockchain Syndicate

A recently published press release revealed that seven global oil and gas firms have partnered to establish a blockchain consortium. The Oil & Gas Blockchain Consortium is under the Offshore Operators Committee (OCC) and includes ExxonMobil and Chevron. The group intends to explore how proof of concept (PoC) technology can streamline the oil and gas industry and OCC board of directors chairwoman Rebecca Hofmann said that the new consortium represents an important step towards establishing a framework for blockchain-oriented standards in the oil and gas industry. (RS)

18 days ago

@Cryptojamaica Hi! When any transaction is sent, there is a ...

@Cryptojamaica Hi! When any transaction is sent, there is a default gas fee, you can also manually set the gas fee… https://t.co/PJTaPVH55a

18 days ago

Mistake or Money Laundering Scheme? Someone Paid $450,000 in Fees to Send 0.1 ETH

One Ethereum address spent $450,000 in gas to send less than 0.15 ETH. Some believe it was a mistake, and are calling for better UI/UX to prevent similar mix-ups, while others speculate it’s an elaborate money laundering scheme. Ethereum Wallet Pays Preposterous Transaction Fee Crypto enthusiasts are puzzled about a few mysterious transactions, discovered on […]

a month ago

Gas Saving Tips for Solidity from Polymath developer @Mudit_...

Gas Saving Tips for Solidity from Polymath developer @Mudit__Gupta https://t.co/P29jDCj0X4

a month ago

Ontology Utility Token ONG Scores Second Listing in a Week

Ontology (ONT), which has a market cap of $240 million, received a boost when the BKEX exchange added Ontology's utility token, Ontology Gas (ONG). BKEX listed Ontology Gas in the USDT and ETH markets. The ONT coin is up 9% in celebration. Last week, Binance similarly added the ONG token and is currently the exchange with the highest trading volume for ONG. In fact, the ONG price has about tripled in the month of February alone, with most of the gains coming on the heels of the recent Binance listing. Separately, BKEX also tweeted that “LTC and XRP Will be Added to BKEX Demand Deposit soon.” BKEX Demand Deposit appears to be part of a referral program. (GT)

a month ago

Polymath developer @Mudit__Gupta's post on tips and tricks t...

Polymath developer @Mudit__Gupta's post on tips and tricks to save gas and reduce bytecode size is among the most c… https://t.co/LeYEilV82y

a month ago

A Successful Binance DEX Mainnet Could See Binance Coin (BNB) Prices Double

Binance coin up 17.1 percent in the last week Testnet launch live, users free to test the DEX and Binance chain explorer Transactional volumes double from Dec 2018 BNB is back to the top 10, and with increasing volumes and DEX and explorer test net, coin holders are likely to reap big profits. So far, Binance coin is up 17.1 percent and back to the top 10. Binance Coin (BNB) Price Analysis Fundamentals Like Ethereum’s ETH, Binance Coin is a utility token in the Binance chain network. It is a tool for incentivizing use and so far, the coin is rallying. Perhaps induced by the overly successful BitTorrent’s BTT ICO, the currency is retesting key resistance levels of 2018. Adding to the bullish impetus is news that both the Binance Coin and the Bitcoin DEX testnet is now open to the public. The new release will allow testing of the Binance Coin chain explorer as well as the Web Wallet. Binance said this about the new testnet: “Binance Chain is a new blockchain developed and released by Binance. Binance DEX is a high performance and user-friendly platform built on top of Binance Chain, where users can create, issue and trade digital assets.” To get started in what Binance describes as a standard for DEXs, all a user needs to do is set up a new wallet, unlock the wallet, transfer assets and place orders right away. The eventual launch of the mainnet will be very bullish for Binance coin as users of the Binance DEX will have to pay for gas to power transactions. Gas and fees are quoted in BNB only and assuming there is an immediate shift from centralized exchanges to unhackable Binance DEX-with better liquidity and UIs, then BNB holders stand to benefit. Candlestick Arrangements Thus far, the coin is up 17.1 percent in the last week. Aside from favorable candlestick arrangement, the sole reason behind this week’s expansion may be because of DEX testnet. As we said, Binance is yet to announce the mainnet launch, but from the chart, the path of least resistance is upwards. A simple Fibonacci retracement tool between the BNB’s high low show that prices are finding support off the 78.6 percent level and with increasing volumes, bulls are back. Technically and when we draw guidance from Fibonacci retracement rules, the reaction at 78.6 percent level often leads to a retest of recent highs and in that case ideal targets may be 2017 highs of $26. All the same, before BNB explode, modest targets will be at Q2 2018 highs of $18. Technical Indicators Week ending Feb 10 bull bar reversed losses of the week ending Nov 25. Accompanying these upswings are increasing average volumes-7 million to 15 million and wide trade ranges which is bullish. Although we expect prices to cool off, ideal reversal zones will be at around last week’s lows of $8.5. However, such deep corrections are unlikely. Sellers may drive prices back to the $10 level before bull trend resume. The post A Successful Binance DEX Mainnet Could See Binance Coin (BNB) Prices Double appeared first on NewsBTC.

a month ago

Analyst: Investing in Ethereum Could Be More Profitable Than Bitcoin

Investing in Ethereum at its bottom could yield more returns than investing in Bitcoin, said Don Alt. The famous cryptocurrency analyst, who has 82.7k following on Twitter, claimed that his investment paid off when he bought Ether at $121. While he didn’t specify the nature of his trade, he said his investment could return ten times more profit than bitcoin while still costing 1/3rd of the leading digital currency. “I’ve heard Etherum will one day be the global computer that [executes] smart [contracts], tweeted Don Alt. “So I rebought me a few at 121. Seems like a good idea if you compare it to BTC it can go x10 easily and still only be worth 1/3rd of a coin. That’s a steal right there.” I've heard Ethirum will one day be the global computer that does smart contractions so I rebought me a few at 121.Seems like a good idea if you compare it to BTC it can go x10 easily and still only be worth 1/3rd of a coin.That's a steal right there. — DonAlt (@CryptoDonAlt) February 17, 2019 Best Bottom Recovery Ether was a superstar cryptocurrency in 2017 thanks to the great ICO mania. It performed even better than bitcoin in the same year. However, 2018 had a different story to tell. Ether closed the year at $131, down 82.% from the open. On the other hand, Bitcoin posted a yearly drop of 74.7%, calculated between the highs of January 1, 2018, and lows of December 31, 2o18. At the end of 2018, both Ether and Bitcoin established their so-called bottom levels. For ETH/USD, the new low was 83, according to BitFinex data. At the same time, the low for BTC/USD was 3,220. The cryptocurrency market, as a whole, is undergoing a weak upside correction ever since. At the press time, the ETH/USD rate has surged 55.42%, while BTC/USD has jumped 14.62%. That explains how Ethereum is recovering faster than Bitcoin - and why Don Alt is more bullish on the former. Why people still trade BTC over ETH is beyond me. pic.twitter.com/XVu3Cjga0O — DonAlt (@CryptoDonAlt) February 17, 2019 “I knew this was the company to bet on,” said Don Alt. “Their CEO Vitalik 100% knows what he’s doing.” What’s Next for Bitcoin and Ethereum Bitcoin and Ethereum are walking in their separate directions this year. While the world’s leading digital currency is venturing into futures and ETF markets, Ethereum is attempting to find adoption among upcoming digital ledger-enabled projects. Steven Nerayoff, the co-creator of Ethereum, said that the growth of Ethereum as technology would be as high as the rise of FinTech across mainstream industries. “You’re seeing a tremendous amount of growth across a wide variety of industries. Fintech is the natural area, but now you’re seeing it becoming increasingly more creative — you find projects in the oil and gas industry, you’re finding government using it in their applications, you see it in gaming, all kinds of different areas,” Nerayoff explained. As for Bitcoin, analysts believe the digital currency’s recovery would be slower than the rest of the cryptocurrency market. The only reason that explains the prediction is the bitcoin’s growing dependence on the mainstream financial players. Seeking Alpha’s Sandeep Singh Ahluwalia wrote that the global financial slowdown had a possible correlation with the price action of bitcoin. The financial expert said that investors were not ready to inject hard cash into the old and new market, which also include cryptocurrencies. “Most investors will now want to invest their funds in more dependent and recession proof assets such as Gold. Hence, I expect fewer funds to flow into Bitcoin due to the tense political climate.” The post Analyst: Investing in Ethereum Could Be More Profitable Than Bitcoin appeared first on NewsBTC.

a month ago

Ethereum Miners Score Unexpected $400K Payday

The crypto industry is abuzz about an extremely generous tip, left to Ethereum miners by an apparently high-rolling developer. Four transactions, all dated Feb. 19 and originating from the same wallet, spent 3,150 ETH in transaction fees. This amounts to approximately $467,000 for transactions whose combined value was less than $23. The median gas price based on the last 1,500 blocks on Ethereum is 13.2 gwei, or about $0.004. A Reddit thread warned developers to be sure and perform adequate testing before their dApps touch the mainnet. Ethereum’s Constantinople upgrade is days away, and the likely explanation, based on the community response, is that a developer building a smart contract skipped the testnet before deploying to the Ethereum mainnet, thereby incurring the gargantuan fees. The other possible reason is that something more nefarious is going on, such as a miner washing profits. Based on popular opinion, that scenario is unlikely, especially considering the mix of miners involved across the transactions. A less sensational explanation is that the transaction fee and value fields got confused. Meanwhile, Jimmy Zhong, the co-founder of IOST, whose scalable blockchain app platform is nearing its mainnet launch, pointed to one of the pricey transactions, which was worth less than $15 but which “tipped” miners more than $300,000. A whopping 2,100 #ETH(~$300k) tip was just paid to the miners on the #Ethereum network. What a generous guest... or mistake. @coindeskevents @coindeskhttps://t.co/x5pZkE47tg pic.twitter.com/SjS6ZpmhvX — Jimmy Zhong (@jimmyzhong_iost) February 19, 2019 Ethereum Is a Hot Mess The developer’s mishap places a brighter spotlight on Ethereum at a time when they cannot afford any more setbacks. The fact that the ETH price is leading the market rally, however, suggests that nothing unforgivable has transpired. On the one hand, the network has never been closer to its goal of greater scalability and a better governance system as it moves towards adopting the proof-of-stake mechanism. This means that mainstream adoption could be on the horizon. In fact, it is this optimism that has helped to position the second-biggest cryptocurrency atop the leaderboard for market gains in the last couple of days. A change in the supply/demand dynamic didn’t hurt, either. This is the chart that kind of started this whole rally. New Ether coming online is less than 13,000 for the first time in history. Usually, it's between 20k to 30k a day but has been declining lately due to the delay of #ConstantinopleHardFork. Less supply + steady demand = 📈 pic.twitter.com/PCibT7DXdI — Mati Greenspan (@MatiGreenspan) February 19, 2019 On the other hand, the infighting within the Ethereum community has also reached new heights, as evidenced by one of the leading developers quitting the project. Afri Schoedon, whom Crypto Briefing has spoken to in the past, posted a meme in recent weeks that — because of its focus on a separate project, Polkadot — drew harsh criticism from his social media followers. Things got out of control and before long Afri, a Parity Technologies Release Manager who was recently named Ethereum Hard Fork Coordinator, became the target of threats. I did not quit social media, I quit Ethereum. I did not go dark, I just left the community. I am no longer coordinating hard-forks, building testnets, or contributing otherwise. I did not work on Polkadot, I never did, I worked on Ethereum. I did not hate Ethereum, I loved it. — Afri (@5chdn) February 19, 2019 Importantly, Afri hasn’t quit crypto altogether and is willing to work on other projects, as long as there isn’t a token involved. Afri went on to explain that the lion’s share of his contributions over the past four years was unpaid, with the exception of his work on the Parity client. Perhaps he should look into ETH mining, instead. We hear that pays pretty well. The author is invested in digital assets, including Ethereum which is mentioned in this article. Join the conversation on Telegram and Twitter! The post Ethereum Miners Score Unexpected $400K Payday appeared first on Crypto Briefing.

a month ago

Ethereum [ETH]: $6 million worth of Ether aggregated into 53rd richest wallet address ahead of hardfork

On February 17, 2019, a total of 41,905 Ether was transferred from a wallet to multiple wallets which were aggregated to a single wallet, making it the 53rd richest wallet. This transfer could be in preparation for the impending hardfork for Ethereum, which is right around the corner. Ethereum’s hardfork is something that has been debated, discussed and tweeted about as it is the most awaited upgrade on the Ethereum blockchain, which will try to solve the long-standing problems it has been facing. The hardfork, however, has been postponed two times and it is finally set to happen, hopefully, by the end of February. The wallet, 0x675a67b5deb3da888262338f17cdf342698e8d95 sent a total of 41,904.999643 Ether worth $5,848,261.75 [at press time] to 0x60d0cc2ae15859f69bf74dadb8ae3bd58434976b. The transaction which took place 17 hours ago [February 17, 2019, 04:21 UTC] cost only $0.02 [0.0001155 Ether] with a gas of 21,000. The transaction moved from the receiving wallet to two more wallets and ended up in wallet [0x07C62A47eBe0fa853Bb83375e488896CE71266Df], which is currently the 53rd richest wallet in the Ethereum ecosystem. Source: Etherscan.io The said wallet has a total of 184,132.66 Ether, which worth in excess of $25.54 million. Alternatively, it is equivalent to 6910.70 BTC or 82,493.5306 XRP. Moreover, the sender of the wallet had more Ether received than it actually sent to the final receiver of the wallet. The sender received a total of 46,585 Ether [$6,470,317.26] from 0x60d0cc2ae15859f69bf74dadb8ae3bd58434976b. Like the above transaction, all the transactions received by this wallet were distributed to different wallets in different amounts. Furthermore, Ethereum saw a drastic increase in its prices on February 18, 2019, up to 12%, with the price reaching as high as $142. Ethereum has returned to its rightful place, the second-biggest cryptocurrency [in terms of market cap]. The disparity between XRP and Ethereum’s market cap has been growing slowly, but steadily, ever since Ethereum overtook XRP. The current market cap of ETH at the time of writing was $14.52 billion. Some of this rise could be attributed to the addition of Bitcoin and Ethereum’s liquid indices by NASDAQ. The post Ethereum [ETH]: $6 million worth of Ether aggregated into 53rd richest wallet address ahead of hardfork appeared first on AMBCrypto.

a month ago

Market Review: Latest on Amazon (AMZN), Apple (AAPL), and Tesla (TSLA) Stocks

CoinSpeaker Market Review: Latest on Amazon (AMZN), Apple (AAPL), and Tesla (TSLA) Stocks President Trump signed a bill to avoid another government shutdown and simultaneously declared a national emergency on the southern border to get funding for the wall. Democrat leaders promised to sue. Good news for the market. The government deal and encouraging signs on the U.S./China trade talks sent stock prices sharply higher today. Large cap multinational companies surged, pushing the Dow index up 1.74%. The S&P 500 and NASDAQ indexes were up 1.09 and 0.61% respectively. AAPL is Still the Biggest Holding in Buffett’s Portfolio Berkshire spent the last half of the year snapping up more shares of banks and insurers, moves that made the company a major shareholder in four of the five largest U.S. banks. The Omaha, Nebraska-based conglomerate boosted its stake in JPMorgan Chase & Co. and Bank of America Corp. in the last three months of the year. Do not forget that Berkshire reduced its Apple stake by 1% in a period that marked its first holiday quarter sales decline in 18 years and saw shares plunge 30%. It’s still the biggest holding in Buffett’s portfolio, and the stock has rebounded about 8% this year. Apple recently announced financial results for its Q1 2019 . The Company posted quarterly revenue of $84.3 billion, a decline of 5% from the year-ago quarter, and quarterly earnings per diluted share of $4.18, up 7.5%. International sales accounted for 62% of the quarter’s revenue. Berkshire also appeared to have shed a $2.13 billion stake in database software company Oracle Corp after having first disclosed it in November. It is rare for Berkshire, which owns some stocks for decades, to unwind an investment so fast. The changes were disclosed in a Thursday regulatory filing detailing Berkshire’s U.S.-listed stock portfolio as of Dec. 31, which shrank $38 billion in the quarter to $183.1 billion amid a broad selloff in stocks. Charlie Munger, a long-time partner of Warren Buffett at Berkshire, addressed the firm’s stake in AAPL at an event today. He explained: “I don’t know why Apple’s stock is going up or down. I know enough about it that I admire the place, but I don’t know enough to have an opinion why it’s going up or down. Part of our secret is we don’t attempt to know a lot of things.” Meanwhile, Apple is planning an “all-new” MacBook Pro design for this year, well-connected analyst Ming-Chi Kuo has said in a research note obtained by MacRumors. The lineup is reportedly led by a model with a screen of between 16 and 16.5 inches, which would make it the biggest screen in a Mac notebook since the 17-inch models stopped being sold in 2012. Elon Musk Leaves OpenAI On “Good Terms” In the meantime, billionaire Elon Musk confirmed that he exited OpenAI, an artificial intelligence research group, on “good terms” amid disagreements with team members over the project’s direction. Musk also cited a desire to focus on “solving a painfully large number of engineering and manufacturing problems at Tesla (especially) and SpaceX.” Musk has previously warned against the existential threat posed by artificial intelligence. He said: “We should be very careful about artificial intelligence,” Musk told the Guardian in 2014. “If I had to guess at what our biggest existential threat is, it’s probably that. I’m increasingly inclined to think that there should be some regulatory oversight, maybe at the national and international level, just to make sure that we don’t do something very foolish. With artificial intelligence we are summoning the demon.” Tesla’s Scaling Capabilities Starting to Scare the Industry: Apple of Automotive World? Meanwhile, Musk is also at the helm of electric-car pioneer Tesla. Two weeks ago, German automaker Daimler confirmed that it is in talks with the South African business mogul to collaborate on an electric van inspired by the Mercedes-Benz Sprinter. During the third quarter, Tesla earned $311.5 million in net income. After one-time adjustments, Tesla reported a $516 million profit, Tesla’s third profitable quarter ever. Shares of Tesla closed at $296.38 a share down about 15% from where they were a year ago. Tesla is expected to report fourth-quarter adjusted earnings of $2.19 a share and revenue of $7.08 billion, based on average estimates of analysts surveyed by Refinitiv. The potential partnership comes at a crucial inflection point for Tesla, which is being hunted by Big Auto like a pack of rabid hyenas. Tesla is facing mounting competition from Volkswagen, General Motors, and Ford, which are all ratcheting up their electric-car game. Just for a reminder, Tesla is now in the process of building a factory in Shanghai, where in the first phase it will produce batteries and Model 3. Gigafactory Shanghai is expected to produce the more affordable base versions of the Model 3 and Model Y while the higher cost versions will continue to be produced in the USA. Cypress Increases Its Stake in Amazon by 31.

a month ago

GAS Rises 36% as Details of NEO 3.0 Emerge

The price of GAS, a cryptocurrency used by the NEO ecosystem, has risen nearly 36% to trade near $3 and the market cap is now above $30 million. It appears the rise in GAS price was driven as details of NEO 3.0 became known during NEO DevCon taking place in Seattle. Some believe the price increase shows investors are regaining confidence in NEO and others claim that a whale might be accumulating the digital asset. During DevCon NEO co-founder Erik Zhang announced that NEO 3.0 plans to support commercial applications on blockchain and this will improve the platform’s scalability and stability. NEO 3.0 will also host native contracts and allow a higher number of transactions per second. Users will also be able to access internet resources embedded in smart contracts via URLs. NEO Global Development recently announced that it is opening an office in Seattle. (RS)

a month ago

GAS Rises 36% in a Day as Details on NEO 3.0 Emerge

The price of GAS, a cryptocurrency used within the NEO ecosystem, has recently seen its price jump by over 10% in less than a day as details on NEO 3.0 have started to emerge during the NEO DevCon 2019 in Seattle.

a month ago

GAS Price Gains 40% yet no one can Explain why

Weekends often result in unusual phenomena where cryptocurrency trading is concerned. Several markets have risen by over 30% in value today, even though there is zero reason for any of them to do so. The NEO Gas price is currently on quite the tear, as its value continues to rise. A peculiar development, as this utility token has now re-entered the market cap top 100. Gas Price is Moving up Swiftly In the cryptocurrency world, there is hardly ever a boring day. Although not all market momentum might make sense at first, one sometimes has to take the profits when they materialize. In the case of NEO’s Gas, it seems a lot of profit has been ripe for the taking. Following monster gains, one has to wonder if there is much room left for even further upward momentum. Over the past few hours, the Gas price has risen by over 40% in USD, BTC, and NEO value alike. Especially this latter part is rather interesting, as one wouldn’t necessarily expect such big gains over the main token this utility token is tied to. With a current price of $3.1 -or 85.597 Satoshi - NEO’s Gas has reclaimed its position market cap top 100 with relative ease. What is somewhat interesting is how Gas has more trading volume than the total valuation of this project by market cap. With $40.1m in trades, it is evident the demand for this token is picking up steam. Upbit and Binance are the main contributors in this regard, which will not come as a big surprise to many. Even so, the Binance price seems to dictate the market, which may not necessarily be a good thing. It has been a strong weekend for Gas, by the look of things. KyazzeCode cashed out Gas yesterday when the price briefly hit $3.6. Although that seems like a lifetime ago, it is evident things are not necessarily over just yet. If the current levels can be maintained, there could easily be another uptick in the near future. Why this increase is happening now, of all times, remains unclear, though. End the day with $GAS more profits...calmly bought at 820sats sold 990sats.. #EASY #Binance #GAS #NeoGas #Neo #crypto #cryptotrading pic.twitter.com/nUWXpEt0So — KyazzeCode (@CodeKyazze) February 17, 2019 When looking at the Gas chart on Binance, there have been some telling signs a big uptrend would materialize. Nearly two weeks ago, Warmane Trade hinted at a very strong push waiting to happen near this weekend. Although technical analysis only works half the time for most speculators, this call was seemingly on the money. If history is to repeat itself, the top will result in a slow and steady bleed over the coming weeks. #GAS #NEOGAS #GASUSD BINANCE 1D #TRADING #CRYPTO #CRYPTOTRADING pic.twitter.com/POrMcnsBXo — WarmaneTrade (@WarmaneT) February 3, 2019 On Sundays, crypto markets gain or lose value for seemingly random reasons. While it is true Gas is NEO’s Utility token for dApps, smart contracts, and the like, it now has a value of over $3. One has to wonder if that is a good or a bad thing when looking at this from a long-term perspective. It does seem to indicate the NEO ecosystem is growing, albeit that in itself might not necessarily warrant this price increase. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post GAS Price Gains 40% yet no one can Explain why appeared first on NullTX.

a month ago

NEO Unveils the Top 5 Features in NEO 3.0

According to the NEO blockchain, the 3.0 upgrade seeks to solve NEO's current issues with gas price, platform stability, and scalability among other things. According to the project's co-founder, Erik Zhang, NEO 3.0 features native contracts, internet resource access, improved DBFT consensus mechanism, NEOFS, and the team created all assets in smart contracts. Erik then stated that the above features would make NEO the best blockchain by increasing security, TPS, and efficiency while reducing costs. He added that Da Hongfei, NEO's co-founder would explain what each of the above features does tomorrow. (KE)

a month ago

Live From NEO DevCon: Top 5 New Features of NEO 3.0

In a packed conference room on a chilly day in Seattle, where NEO will be opening up their next NGD location, a community of blockchain enthusiasts, international media, and developers gathered together to hear about NEO’s upcoming plans-specifically, what’s going on with NEO 3.0-and when. The Goal of NEO 3.0 NEO co-founder, Erik Zhang, couldn’t attend the conference in person but delivered the details via video presentation. Perhaps that was a deliberate bid to avoid the foray of questions the intensely technical upgrades would almost certainly provoke. Zhang revealed the lofty goal of NEO 3.0-to enable large scale commercial applications. He said that although blockchain had been 10 years in the making: No blockchain is currently capable of supporting large scale communications applications And, no blockchain will-for the foreseeable future, anyway-the timeline for NEO 3.0 remains decidedly TBD. NEO 3.0 is meant to address NEO’s current issues with gas price, platform stability, and scalability, among other things. However, Zhang neglected to mention that to pull this off they will likely require a complete overhaul of NEO as we know it-a hard fork and possible return to a Genesis block. Top 5 New Features of NEO 3.0 In the meantime, here are the top five new features the community can expect from NEO 3.0 (all of which won’t happen next month, next quarter, or even next year). NEO 00 isn’t even thinking about breaking ground with NEO 3.0 until 2020-and that’s an optimistic target. 1. Native Contracts The first new feature of NEO 3.0 will be the addition of a native contract. NEO’s current smart contracts are run in NEO’s VM and can be deployed by any user. With the native contract, they can run any native code directly, are embedded in the core code without deployment, and the contract upgrade does not cause hash changes. Why is this important? Because it will allow for instant verification of transactions, greatly increasing TPS speed. The addition of native contracts will also allow for unlimited data storage. 2. All Assets Created in Smart Contracts There are a few ways to create assets on NEO, explains Zhang, but they are rarely used and most applications create contract assets (such as STOs) as they are more practical. Therefore, they will not support global assets in NEO 3.0. This will streamline and improve system performance. All assets will be created in smart contracts. 3. Internet Resource Access This will allow users to access internet resources in smart contracts through URLs. Consensus nodes can vote on data consistency and execute smart contracts through internet resource access. Again, scaling up, improving TPS, and allowing for greater speed. 4. Improved dBFT Consensus Mechanism This will remove the problem of flaws in the network by adding additional steps in how the Consensus mechanism work. This is especially important when a node has been offline. When the Consensus node comes back online, it needs to synchronize with other nodes, which takes time. In the new dBFT, NEO will add a recovery log and recovery message, which means that dBFT can truly make transactions irreversible. Zhang states: This will be the best consensus mechanism for blockchain. 5. NeoFS NEO smart contracts can’t really store data, at the moment. The cost is extremely high, which means that it cannot offer a workable solution for enterprises just yet. So, they plan to use NeoFS to build a low-cost distributed storage network that will support large enterprises. Users can use the space to store data by paying in gas and everyone in the network can earn gas by sharing unused hard disk space. Wrapping It Up If you’re trying to wrap your head around all that (as many people are), we’ll be breaking it down further by asking the man with the answers-co-founder Da Hongfei tomorrow. But basically, what it all amounts to is greater security, increased TPS, higher efficiency, and reducing the price. Oh, and making NEO “the best blockchain.” Ambitious plans that will align the blockchain with the smart economy of the future. Just not any time soon. Can NEO become a serious rival to Ethereum and other smart contract platforms? Share below! Images courtesy of Shutterstock The post Live From NEO DevCon: Top 5 New Features of NEO 3.0 appeared first on Bitcoinist.com.

a month ago

Ontology Gas Token Surges Nearly 140% on Binance Listing

The Ontology Gas (ONG) token has recently seen its price more than double, after leading cryptocurrency exchange binance announced it would add trading pairs with the cryptocurrency, greatly increasing its liquidity.

a month ago

Ontology [ONT] Runs on Massive Heel With Binance Listing Ontology Gas [ONG]

Ontology (ONT) which currently stands on the 27th position has plunged 7.46 percent today. It’s worth mentioning that the value of ONT jumped from 0.56 to 0.64 within a couple of hours. Ontology (ONT) Surged Following ONG token Listing on Binance ONT’s price growth is a kick start to the weekend. Although there would be no real reason on why prices of few cryptocurrencies suddenly upsurge but this plunging price of ONT is something has to do with the recent discussion relating to Binance. As for now, ONT as against the US dollar is up and consequently, you can buy one ONT token for $0.64 or 0.00017756 BTC. Image source - https://coinmarketcap.com/currencies/ontology/ ONG Crypto Token Operates on Ontology Platform To note, Binance on Feb 15, 2019, has announced to list ONG token - which is backed by the hard-working project in view of CEO of Binance, CZ. Following the tweet, listing ONG token on Binance’s exchange appeared today, on Feb 16, 2019, with trading pairs as ONG/BNB, ONG/BTC, and ONG/USDT. Accordingly, the deposit for ONG token is open at the world’s #1 cryptocurrency exchange. #Binance Will List Ontology Gas (ONG)https://t.co/IcdXU0ZEzc pic.twitter.com/PClCQBeglz — Binance (@binance) February 15, 2019 It is important to note that the ONG (ONG) is a cryptocurrency token that operates on the Ontology platform. With the recent binance listing of ONG token has quickly appreciated the value of ONT cryptocurrency as well. don't thank me. Thank the hard working project team. — CZ Binance (@cz_binance) February 15, 2019 Further to mention, ONT’s trading volume is highly influenced by Bit-Z exchange, Binance, Upbit, DigiFinex Huobi, Gate.io, OKEx, Coinall exchange and more. On top of all, the one obvious reason is Binance’s trading volume for ONT is quite pushing it up compared to the other exchanges where ONT is already listed. Image Source - https://coinmarketcap.com/currencies/ontology/#markets Stay tuned with coingape as the weekend’s price is not something that will decide the next market move for any specific token. Anything that’s remarkable during the weekend would hardly continue the next week to come. What’s your stake on ONT price surge and ONG listing by Binance exchange? Share your opinion with us. The post Ontology [ONT] Runs on Massive Heel With Binance Listing Ontology Gas [ONG] appeared first on Coingape.

a month ago

Ontology Price Gains 13% Following “ONG on Binance” Rumors

Every weekend will feature at least one cryptocurrency, asset, or token which rises in value for no apparent reason. While Ontology is picking up steam on the Binance platform, that alone should not necessarily warrant the current Ontology price increase. However, it seems that is exactly what is happening right now. There is also some excitement regarding Ontology’s version of Gas, known as ONG. Ontology Price Climbs Rapidly Starting off the weekend with a bit of a surprise is not entirely uncommon in the cryptocurrency and token industry. New trading momentum materializes nearly every week even if there is no real reason for it to happen. As such, many people are left wondering why the value of Ontology is suddenly shooting up like a rocket. It would appear the Binance exchange has something to do with that as of late. Over the past few hours, the Ontology price has increased by over 13% in both USD and BTC value. While this latter part is not necessarily all that surprising, it quickly becomes evident noting strong USD gains when Bitcoin isn’t moving up all that much is a different story. It is here where this uptrend gains some legitimacy, primarily because the BTC -based increase allows the USD value to rise, instead of the other way around. On social media, most of the Ontology-related discussions pertain to Binance as well, for some reason. A.M. goes as far as claiming how Binance is the driving factor of this particular price trend. The company is seemingly in the process of adding Ontology’s Gas tot heir trading pairs, which can spark some additional interest in both tokens. Even so, a 13% increase in value based on hype and speculation may not necessarily be sustainable for very long. Looks like #ontology #ont is going bullish before #ONG gas is listed on @binance .#bitcoin #cryptos #cryptocurrency @coinbase @Gemini @SatoshiLite @VitalikButerin — A. M. (@theoldrepublic) February 16, 2019 Sriz is echoing some very similar statements by stating how the CEO of Binance is seemingly “playing with ONG” at this time. A bit of an odd way of phrasing what may be on the horizon for this utility token, although no one can deny Binance’s trading volume for ONT is picking up steam. It is not the biggest exchange for ONT trading volume at this time, though. Seems like you’re playing with #ONG , have a nice weekend #ont — sriz (@sriz16) February 16, 2019 The actual price chart for Ontology looks a bit worrisome. A massive green candle has begun forming which will usually lead to a steep retrace. Strong gains are hardly ever maintained in this volatile industry, especially during the weekend. How that will affect the Ontology value over the coming hours and days, remains to be determined. A brief retrace would not necessarily be a bad thing to keep this train going a bit longer. $ONT EZ#ont pic.twitter.com/c5VZDRt8qi — Krypto Wave Trader [BULLTARD] (@kryptowavetradr) February 16, 2019 As is always the case in the crypto, asset, and token industry, weekends are not actual trading indicators for the week ahead. Anything that happens on Saturday or Sunday is hardly ever mimicked throughout the week that follows. For Ontology, there appears to be genuine excitement which may spill over to Monday or even Tuesday. However, hype can only sustain uptrends for so long where altcoins, tokens, or assets are concerned. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post Ontology Price Gains 13% Following “ONG on Binance” Rumors appeared first on NullTX.

a month ago

Ontology (ONT) Rises 16% After Binance Lists Project's Utility Token

Ontology, which is the No. 26 cryptocurrency based on market cap, has added 16% in the last 24 hours to $0.66. Investors appear to be celebrating the fact that leading crypto exchange Binance announced it will list Ontology Gas (ONG). Trading in the ONG/BNB, ONG/BTC, and ONG/USDT pairs will go live on Feb. 16. Ontology Gas is Ontology’s utility token for on-chain services that is released “periodically.” (GT)

a month ago

Gassed Up: Binance Listing Sends Ontology Gas (ONG) up 90%

Binance, the world’s largest crypto exchange, announced Friday that it will be listing Ontology Gas (ONG), sending the altcoin up over 90% in a matter of hours. #Binance Will List Ontology Gas (ONG)https://t.co/IcdXU0ZEzc pic.twitter.com/PClCQBeglz — Binance (@binance) February 15, 2019 According to the announcement, Binance will open trading for ONG/BNB, ONG/BTC and ONG/USDT trading pairs at 2019/02/16

a month ago

Fasttoken Makes the First Step Towards a Better Future by Publicizing Its State Channels

Scalability, or more exactly, the lack of, is a phenomenon that plagued the blockchain scene for quite some time now. During the last few years, the blockchain community has seen a bunch of developments such as the Lightning Network, Raiden, and more recently, solutions like state channels. Even though state channels are a competent technology, there aren’t many projects out there that want to showcase it. Fasttoken and its state channels After six months of work on developing this innovative technology, Fasttoken showcased its blockchain-based casino games demo at ICE London, the gambling industry’s most future-oriented event. ICE London’s ultimate goal is to bridge the gap between the online and offline gaming ecosystems. But, that’s not the most impressive piece of news. In fact, Fasttoken officially announced that it offers full access to all codes of the state channel implementation, specially tailored for the gambling industry. State channels can significantly improve the following important aspects of blockchain platforms: Increase the number of transactions per second, therefore, improving the network’s ability to scale. Makes the network faster by decreasing the time required for transactions to be processed. Reduces the transaction costs because they require no GAS fees and ensures that transactions remain highly secure and transparent. Both the Lightning network and Raiden can ensure a part of these improvements, however, the main issue with these technologies is the fact they have a broader use, making them more complex. In the case of Lightning Network, the protocol was built specifically for payment and fund transfers. Raiden can serve as a platform for decentralized apps, decentralized exchanges, and IoT (Internet of Things) apps. For creating or implementing custom gambling solutions, state channels offer by far the best solution. They allow developers to use them in a turn-based system (usually associated with the gambling industry) which runs off the blockchain and resolves payments/bets based on the results of the games running on-chain. Fasttoken’s state channels technology is called Fast Channels. Fasttoken in the blockchain sphere The Fasttoken team takes great pride in being the first team to have taken all the required steps towards a more transparent future in the blockchain sphere. It’s the team’s vision that healthy rivalry among the competitors will greatly benefit the industry, the gamblers, as well as all the gambling projects. The team believes that having a blockchain-based gambling platform that’s capable of providing a transparent environment should be shared with the whole community. After all, what would the blockchain sphere be if everyone kept their knowledge and their code secret? Most blockchains still face the same problems they faced a couple of years ago. As the number of users grows on a network, so does the network’s size. To run as smoothly as before, the network now needs a lot more computational and storage resources. Hence, the blockchain platforms that are unable to scale effectively end up expensive, slow, and unappealing. Nowadays, the community seems to be at a crossroad where it can use sharding, side channels, or state channels to fix most scalability problems. The future might prove to be beneficial for the latter, as Ethereum has recently announced that it will be adding native support for state channels later this year. This could greatly benefit the technology, primarily by making it more accessible for developers. Until then, developers can rely on the technology provided by Fasttoken. Their state channels can be easily built into blockchain platforms, including gaming platforms. As innovators and early initiators, the team behind Fasttoken takes it upon itself to provide a high-quality gambling experience to all players. The team also wants to share its expertise and help the blockchain tech evolve even more. Shared knowledge is the next step towards blockchain evolution. All the materials are publicly available on Fasttoken’s GitHub channel. ... Fasttoken is an all-encompassing solution based on the Ethereum-blockchain platform that provides a decentralized and transparent betting and wagering solution. For more information, users are advised to check out the official website - Fasttoken.com, to join the Telegram channel or contact the team directly via email at contact@fasttoken.com. The project’s structure and code can be found at the official GitHub repository. Stay tuned for what’s to come: “This announcement is just the beginning, a lot more is on the way, and trust us, you don’t want to miss out on any of that.” - the Fasttoken team. The post Fasttoken Makes the First Step Towards a Better Future by Publicizing Its State Channels appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

a month ago

Fasttoken Makes State Channel Codes Public

Many popular blockchains, including Ethereum, are trying to tackle the problem of scaling as their network rapidly expands. One of the various approaches proposed is the use of state channels. State channels enable transactions to be conducted off the blockchain directly between network users, based on on-chain information. Fasttoken and State Channels At ICE London, a large business-to-business gaming event, Fasttoken revealed their blockchain-based casino games demo, which has been in the works for six months prior to its unveiling. But Fasttoken also has another groundbreaking reveal that it wants to make to the crypto community. Its team has declared that it will be opening complete access to all codes used in implementing their state channels, which have been made especially to be applied in the gambling industry. State channels can bring several improvements when implemented in a blockchain: more transactions can be processed in a matter of seconds. confirmation times, which can usually last several minutes, are reduced to mere seconds or milliseconds. costs are lowered, no gas fees are incurred and only some fees are charged for a small number of necessary updates. There are, of course, other possible solutions that are considered for scalability improvements, such as Lightning Network and Raiden. However, the former was developed for faster payments and the latter as an environment for developing various apps and platforms. This is why state channels are best suited for platforms focused on gambling. State channels can be customized to be used for this specific application by allowing developers to set payments/bets off-chain, which are resulted from the on-chain game. This type of technology can be used in slot games where players bet 10 ETH, and if they win, they receive double the amount. The transaction in which the 20 ETH is sent to the winner is conducted off-chain through the use of state channels. Because of this, Fasttoken created its proprietary state channels called Fast Channels. Blockchain and gambling platforms Fasttoken has implemented the required procedures for publicizing their state channel code. Many gambling platforms which run on blockchain claim that they implement this technology to improve the betting and settlement process. However, none of these state channel codes have been publicized. But why use blockchain if you won’t make any of your codes open source? Isn’t the point of this technology to be transparent to everyone, especially developers? The Fasttoken team is among the very first to make the codes to its state channels available to public access. Blockchain nodes store all of the transactions that take place on the network, which results in the fast expansion of transaction ledgers. But with the rapid growth of a network in terms of transactions, its efficiency is impaired as more computational power is required. When the number of operations exponentially grows, and the blockchain cannot scale, various solutions to help this issue have been developed to make the network cope. Several solutions have been debated, including sharding, side channels, and state channels. Ethereum intends to develop the popular dApp blockchain on its platform support for state channels later on this year, which is a good sign for this solution. In the meantime, Fasttoken can aid developers to access the codes needed in creating blockchain platforms or other dApp functionalities. They will no longer need to build the platforms by themselves, thus simplifying the developmental process. The Fasttoken project is among the first gaming platforms that use blockchain implementations in order to improve the betting experience. By opening this information, the team hopes to educate others and ultimately lead to the improvement of this technology. You can find all the materials on Fasttoken’s GitHub channel. Fasttoken is an Ethereum based solution which is aimed at providing a gambling environment that is transparent and fair for all its players and interested developers. For those that have questions regarding the project, they can join the official Telegram group and ask the Fasttoken team themselves. Readers can also visit Fasttoken, the official website, for more resources and updates about further developments and advancements. The Fasttoken team declared that “this announcement is just the beginning, a lot more is on the way, and trust us, you don’t want to miss out on any of that.” This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research. The post Fasttoken Makes State Channel Codes Public appeared first on NullTX.

a month ago

We use $ONG as gas for the Ontology blockchain. We have gene...

We use $ONG as gas for the Ontology blockchain. We have generous incentive models for developers, we’re currently g… https://t.co/ApE22UJsXJ

a month ago

GaleriaP2P - Primeira galeria de arte descentralizada do Brasil

Por: Livecoins Foi lançada a primeira galeria de arte descentralizada do Brasil, chamada de GaleriaP2P, feita para artistas que queiram expor seus trabalhos de forma virtual e sem intermediários. O criptoartista brasileiro Nino Arteiro é que está por trás da iniciativa, esta que promete trazer para o mercado de arte nacional um novo paradigma sobre modelos de negócios no setor da arte. Para isso, ele disse ao Livecoins que criou a primeira galeria descentralizada do país como um dApp na rede Ethereum, utilizando o Origin Protocol e que se chama GaleriaP2P. De acordo com Nino, “o espaço é aberto para qualquer artista que queira entrar e participar, sendo que em breve a comunidade terá a disposição um tutorial explicando passo-a-passo o funcionamento desse sistema”. A galeria irá permitir a venda de obras de arte digitais e físicas, sem intermediários e sem taxas, permitindo uma nova experiência ao adquirir artes diversas com criptomoedas. Na conversa com o Livecoins, Nino revelou que os primeiros passos na plataforma são bem simples. “É só a artista ter a carteira Meta Mask instalada no navegador. Será pedido para ele ativar a mensagem e assinar com a carteira. Depois, a artista configura seus dados e paga centavos para fazer essa configuração (isso é uma transação, a pessoa paga o gas, que dá entre 1 e 3 centavos de dólar). Por fim, o artista faz um anúncio do seu trabalho e deixa lá para as pessoas apreciarem (essa divulgação também é uma transação na blockchain que paguei apenas 5 centavos de dólar)”, disse o criptoartista. A plataforma então cuidará do restante do processo que será o encontro das partes, que poderão negociar valores, sendo que após o pagamento o mesmo fica retido até que a arte seja entregue ao comprador. As artes não serão comercializadas apenas entre brasileiros visto que a blockchain não possui fronteiras, com um marketplace disponível de forma ininterrupta. No momento da escrita deste, a plataforma já estava com anúncios ativos. O mercado de criptoarte vê uma nova possibilidade de negócios justos com as criptomoedas e uma plataforma como a GaleriaP2P coloca o país no sentido do desenvolvimento mundial da arte junto à blockchain. O artigo GaleriaP2P - Primeira galeria de arte descentralizada do Brasil foi publicado originalmente em Livecoins.

a month ago


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