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AERUM Blockchain to Deliver Bethereum Social Betting Platform with Ethereum Sidechain Solutions

AERUM, which has been considered to be the next generation in the infrastructure surrounding the blockchain technology, a platform that has been designed for the use of permission-less financial applications just went ahead to announce their commercial partnership. They made the announcement last week of the partnership they have gotten into with Bethereum, a platform that is based on social betting powered by the blockchain technology. The Ethereum option is not sufficient for the platforms needs The CEO for Bethereum, Giacomo Tognoni, went ahead to say that they still believe in the Ethereum technology to be used as the solid foundation behind the blockchain technology, but the Ethereum option is not able to cope with the scalability, performance together with the cost-effectiveness requirements that this particular platform would require. It is the reason behind the experiments they have been carrying out in the past few weeks with the innovative Ethereum sidechain solutions. Patrick O’Sullivan, who is the Chief Blockchain Engineer in AERUM, went on to describe the partnership they have gotten into in an AMA with the Bethereum community. He went on to state that they will be the technical partners in the collaboration; thus, the AERUM platform will be responsible for providing a proper end-to-end infrastructure solution that will be used on the Bethereum platform. A solution that will allow for costless transactions to take place together with having a scalable high-speed network. The partnership has brought more for the Bethereum platform to look forward to With this kind of collaboration in place, it is a sure solution for the Bethereum platform as they have ended their lengthy search to acquire superior technical solutions that have been able to meet their platform needs. As a global betting platform, they needed to ensure they get the speed, scalability and the reliability they were not able to enjoy on Ethereum. Thanks to the AERUM platform they are able to enjoy this and still have a solution that is cost-effective. Not forgetting, as this is a commercial partnership that both companies have gotten into means that the agreement is mutually beneficial. When we look at the Bethereum network, they will be able to gain a comprehensive boost in scalability, transaction speed, and throughput. All this has been made possible for them while still retaining total compatibility with the Ethereum technology and true decentralization. Additionally, when we look at the AERUM platform, they will also be able to gain some level of success, which is the necessary user base that could test and help in the development of their infrastructure. The Bethereum platform has been considered to be the leader of the global betting space as it has been able to attract over 16,000 users who are spread across the globe; thus, this has presented the AERUM platform with the perfect test case that will aid them in honing their solutions. Announcing our new commercial #partnership with @bethereumteam! #AERUM is looking forward to working closely with their team in order to bring their community a faster and more secure platform. Click below to read the official press release! — AERUM (@Aerum_official) December 13, 2018 With such a broad user base at the disposal of the AERUM platform we are yet to see the company develop fantastic infrastructures that will take the market places. Additionally, the team behind the AERUM team is excited to be working with the Bethereum platform, and it is clear with this partnership in place both companies will be able to grow in each of their respective technologies and be in a position to serve each of their customers better.
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AERUM to provide Ethereum sidechain solution for Bethereum

CryptoNinjas AERUM, a next-generation blockchain infrastructure for permission-less financial applications last week announced a new commercial partnership with Bethereum, the blockchain based social betting platform. Discussing the reasons for this partnership, Bethereum CEO Giacomo Tognoni... AERUM to provide Ethereum sidechain solution for Bethereum

AERUM Has The Potential To Take Blockchain To The Next Level

Now that cryptocurrencies have entered a bear market, I prefer to spend most of my time looking at projects that have the potential to fundamentally change the landscape.  Technology was always the underlying reason why cryptocurrencies soared in the first place.  2017 was certainly an exciting time for crypto traders but during that mania, I […] The post AERUM Has The Potential To Take Blockchain To The Next Level appeared first on Hacked: Hacking Finance.

Aerum ICO (XRM Token): Legit Bitcoin Cryptocurrency Finance Project?

What Is Aerum? Aerum is an Ethereum-based project developing the next generation blockchain focused on programmable Peer-to-Peer finance. The project seeks to disrupt the FinTech industry through a smart contract protocol that is highly scalable, free, and real-time as well as optimized for decentralized finance and tokenization. Additionally, Aerum will provide developers unique financial solutions that they can use to launch financial marketplaces, gaming ecosystems, and trading platforms. Through its solutions, Aerum anticipates becoming the industry leader due to its high performance and the low cost of chain linkage and assets transfer on the platform. Besides, the goal of Aerum is not competing with Ethereum but being a supplement to Ethereum whereby it will become a high performance smart contract protocol featuring decentralized governance while benefiting from Ethereum security and hash rate as a means to secure its consensus and staking mechanisms. How Aerum Bitcoin Cryptocurrency Finance Project Works Aerum will deliver 500 tps, which is equal to 16 billion transactions per year with a minimum cost of 0.05 USD per transaction. Users on Aerum will be categorized into regular or delegated users. Regular users are those without any stake in the Aerum ecosystem and have the ability to publish and design dApps on Aerum while earning tokens for their work. The Delegated users are those participants on Aerum who have undergone a scrutiny process to verify them. Such users hold stakes on Aerum and are recognized by the peer delegates who also vote for them. Aerum Benefits Free Transactions Aerum is based on the Ethereum blockchain and is compatible with Decentralized applications; this enables the end users of the dApps to transact freely while at the same time ensuring that the transactions remain inexpensive for the business participants. Faster Transactions Aerum has a 99.9% guarantee of network availability and transaction speed, which is evident from the fact that transactions on Aerum will be completed in 5-10 seconds. Scalable The initial phase of Aerum will have a high throughput of 500tps, which could be scaled to 100,000+ tps combined with a fully functional network that is based on PetalChain scaling solution. Powerful Cross Chain Atomic Swaps These swaps provide an easy way to transfer tokens between Aerum and Ethereum through the cryptocurrency wallet. They also enable transfer of cryptocurrencies on major crypto exchanges Governance Model Aerum also features a practical governance model that is designed to suit the user’s business requirement. Aerum XRM Token & ICO Details The Aerum ecosystem is mainly powered by the XRM tokens. The functions of the token will include securing the ATMOS consensus on Ethereum mainnet, enables the holders to vote on crucial issues affecting the project since it operates the project’s liquid delegated democracy model. The token will also serve as the security deposit for the Delegates in Governance contract. Aerum users will be granted access to the Aerum cryptocurrency wallet that is accessible via the web or mobile applications. The wallet is multi-functional and is compatible with atomic swaps, delegate staking, token issuance, tokens, and many more. Parameters Of The ICO Token: XRM Token protocol: EIP/ERC-20 compatible Token supply: 1,000,000,000 Token price: $0.06 per XRM Sale date: October 15th 2018 – January 31st 2019 Accepted currencies: Ethereum, Bitcoin, Bitcoin Cash, Litecoin, Ether Classic Soft Cap: 5,000,000 USD Hard Cap: 20,000,000 USD
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Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

Coinspeaker Mike Novogratz: Facebook’s GlobalCoin Won’t Rival BitcoinMajor Bitcoin bull and former Wall Street exec Mike Novogratz recently discussed the current state of the cryptocurrency industry. The Galaxy Digital CEO explained why he thinks the crypto winter is finally over and why ‘Facebook Coin’ won’t rival Bitcoin.During his interview, Novogratz reminded that everyone had their own version of Bitcoin and the supply exponentially grew. Bitcoin, he thinks, had really established itself as a store value. He said:“This is hard to do because there is just one more stored value of this kind. It’s gold. It is hard to be worth something just because it’s worth something. Almost everything else is different. For example, Uber shares are worth something because people are using it. What Bitcoin has done is a unique thing.”He also referred to Bitcoin’s intrinsic value saying:“You can take all the gold in history that has been mined and put it in three Olympic swimming pools and it’s worth $8,5 trillions. Why? Because it sits in the vaults.”Novogratz went to mention that retailers are buying Bitcoin but also the institutions are moving in. There are Yale, Harvard and Stanford endowments.Microsoft Wanting to Link with Bitcoin Blockchain is a Big ThingThe CEO claims the original Bitcoin boom witnessed around 2016-2017 was influenced by the retail-driven investments by around 98%. This means more companies were buying cryptocurrency at a time when it looked like the future of finance. The recent developments in the crypto world are also affected by ‘credentialing’ according to the CEO especially with the recent move by Microsoft in the industry.“Also, there is Microsoft, one of the biggest companies in the world that says they want to do identify solution by linking it to the Bitcoin blockchain. Now this is big.”Microsoft recently announced their initiation of an identity solution to add to the Bitcoin blockchain. As more investments crowd Bitcoin, its value soars higher as witnessed in the recent spike. Microsoft is not the only big organization enabling the ‘credentialization’ of Bitcoin. Not long ago, Facebook lifted all the bans it had imposed on cryptocurrency and any blockchain-related advertisements.He also mentioned Facebook coin saying that it is really important for the ecosystem.“Crypto is going to be part of Facebook’s future. However, this coin will be listed to some stable currency and will be used for payyments. Bitcoin on the other hand is not going to be the payment currency – it will be stored vault, just like gold. If you really think bitcoin is gonna win this store of value, everything else needs to be used for something.”GlobalCoin Isn’t a Threat to BitcoinAs we’ve already wrote, Facebook’s GlobalCoin will probably be established as a stablecoin, pegged to the dollar or local currencies in the countries that will be allowed to use it. It is also likely to run on a private, centralized blockchain, owned and controlled by the company. Based on this fact, it can not be perceived as a direct competition to Bitcoin or other peer to peer decentralized digital currencies.Other coins that piqued Novogratz’s interest include Ethereum and EOS. These projects have to encourage developers to build on top of their platforms. Just few days ago he was comparing various cryptocurrencies with chemical elements in the periodic table. He then considered the role of altcoins, hinting that each coin will have “to prove themselves out” in order to provide a certain use case.On this note, Novogratz argued out that “there’s no one building anything on the Litecoin blockchain,” as opposed to the Ethereum blockchain.Recently, Novogratz made yet another Bitcoin prediction, claiming that the major cryptocurrency will beat its all-time-high record of $20,000 within the next 18 months.Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

Binance Exchange soon To Roll Margin Trading Service For the First Time

An official blog released by Binance exchange confirms the launch of Margin trading service. However, earlier on May 24, 2019, Binance tweeted two screenshots, seeking user’s suggestion on which layout would they be preferred, a white background one and the black background. It was first noticed on Binance’s Twitter handle when a tweet was posted with two different colors included with the tab of Margin. Nonetheless, it was to create the buzz of its upcoming feature but according to TechCrunch, it has already been tested among a few users. As the testing has already been undergone, it is worth to predict that the margin trading option will go live anytime soon. By usage, Margin trading is an option that enables traders to boost up their buying power by using their balances as collateral. However, it wasn’t available at Binance exchange even the binance itself as the largest exchange as well as  the margin trading option carries potential profit margin. It is the first of its kind of Binance to launch margin trading service whereas the other trading platforms including BitMex, Huobi Pro, Poloniex, Coinbaes’s GDAX and Kraken are already serving this service to their customers. Also Read – Binance’s BNB Token Jumps 12% to Hit $34 Following Margin Trade Interface Tease At the moment, Binance is the second largest cryptocurrency exchange in terms of adjusted volume of the last 24 hours. It presently counts the volume of $2,088,850,554. Nonetheless, its native token, Binance Coin (BNB) is soaring a new peak of $33.87 against US Dollar. According to data provided by Coinmarketcap (CMC), BNB is surging with 6.42 percent over the past 24 hours and presently valuing the average trading volume of $4,781,168,385. Image source – Coinmarketcap What’s your take on BNB’s soaring value.? Do you think it will jump higher citing margin trading option by Binance exchange.? Let us know in the comment below Image source – Techcrunch The post Binance Exchange soon To Roll Margin Trading Service For the First Time appeared first on Coingape.

Is Facebook Launching its GlobalCoin Cryptocurrency Next Year? BBC Says Yes

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries. Here’s everything we know. Facebook’s GlobalCoin Hitting the Market Soon? According to BBC, a London, UK-based broadcasting company, Facebook is planning to roll out its cryptocurrency “GlobalCoin” in 2020. The online media giant, according to the BBC ... ﾿ Read The Full Article On Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Facebook’s GlobalCoin Allegedly to be introduced in 2020

The post Facebook’s GlobalCoin Allegedly to be introduced in 2020 written by Wieke Beenen appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics According to a report by the BBC, Facebook has serious plans introduce its own crypto currency. The facebook coin, internally referred to as ‘GlobalCoin’ will be introduced in multiple countries in the first quarter of 2020, after extensive testing at the end of this year. The new stablecoin which has been rumored about for a […] The post Facebook’s GlobalCoin Allegedly to be introduced in 2020 written by Wieke Beenen appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics
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