Crypto Event Announcements: end of July/early August

Crypto Event Announcements: end of July/early August

Don't forget to mark these dates on your calendar: pay attention to Ethereum Classic, Bitcoin Diamond, 0сhain, Cardano and Stratis. Read also about major events that have happened recently: TRON and 0x

Ethereum Classic (ETC) Emerald SDK will be released on July 31, 2018

Sidechains support in Emerald Project and Emerald SDK first release.

Bitcoin Diamond (BCD) is deploying the Lightning Network on July 31, 2018

In order to adapt to high-frequency transactions, developers of Bitcoin Diamond are adopting ‘Lightning Network’ where massive real-time transaction network will be implemented. The Bitcoin Diamond Foundation has decided to suspend the ongoing encryption implementation and focus on development of Lightning Network while considering future improvements to benefit its network ecosystem, compliance to regulations as well as approval by BCD community and developers.

0сhain (ZCN) — Public test network is planned to be completed till July 31, 2018

0сhain team with their current level of progress expect their first public test network to be available at the end of this month.

Bitcoin Private (BTCP) — BTCP Pay launching is scheduled for July 31, 2018

Cardano (ADA) roadmap update is scheduled for August 1, 2018

Three principles that guide the development of the roadmap are: first, the growth of the community and its needs; second, a distributed and resilient network true to the original vision of Satoshi, and third, balancing the pace of research and development so commercial advantage does not win out over the application of scientific rigour.

Stratis (Strat) — Breeze Privacy Protocol (Mainnet) will be released on August 1, 2018

Recently happened

An upgraded version of TRON Virtual Machine (TVM) and a ‘secret project’ are launched on July 30, 2018

The function of the virtual machine is to assist developers on Main Net in creating their own version of blockchain, which allows for coin creation or the implementation of smart contracts.

The name of the secret project is Atlas, that is a collaborative project that both BitTorrent and Tron are part of. The roadmap has supposedly been updated to cover this new project, and it seems that the details will be explicitly disclosed near the end of August.

0x (ZRX) Protocol V2 is launched on July 30, 2018

This version includes a new contract architecture with support for ERC-721 and other token standards. In V2 new Asset Proxies are deployed for each unique asset type. This new, modular architecture will also allow adding support for new token standards without having to modify smart contracts and force developers and users to upgrade. Smart contracts can now generate 0x orders using a custom signature verification function.

ETC

4.36 USD
1.15%

ADA

0.04361 USD
0.09%

ZRX

0.2905 USD
2.11%

STRAT

0.9945 USD
0.07%

BCD

0.7917 USD
-2.68%

BTCP

1.31 USD
-0.33%

ZCN

0.06226 USD
-30.14%

Related news

Blockchain vs. PayPal: Understanding the Difference and Evolution

In today’s world, everyone wants everything in a hurry. The faster, the better. In the world of digital payments, a major competition is underway between the blockchain and PayPal. The blockchain is the relative newcomer, while PayPal has been around for about two decades. Here’s a look at some of the pros and cons of both money transfer systems to help you decide the long-term winner in the blockchain vs. PayPal debate. Blockchain Technology and Other World-Changers Blockchain technology is one of those digital revolutions that only comes around once or twice every generation. It’s as important an invention as the integrated circuit (1958), the microprocessor (1971), the personal computer (MITS Altair 8800, 1975), the internet (ARPANET, 1969), Windows (1985) and smartphones (2007). Blockchain’s distributed-ledger technology (DLT) offers a new, decentralized infrastructure for payment processing, financial markets transactions, accounting tasks, and many other data-driven functions, both personal and public. PayPal might also be included in the above-mentioned tech honor roll, as it certainly paved the way for e-commerce to grow at breakneck speed. It also provided the world with an alternative to traditional bank wire services, Western Union and the like. PayPal also helped consumers and businesses become more comfortable with the idea of electronic money, weaning them away from a reliance on cash. The Pros and Cons of Blockchain Payments vs. PayPal Blockchain Payment Advantages: Decentralization: No single point of failure can destroy the ledger’s contents. Immutability: Once data is entered into the blockchain, it cannot be altered except in rare instances, and then only by agreement of all parties affected. Peer-to-peer: Cross-border payments take less time with blockchain due to fewer checkpoints. Permissionless: Payments don’t need a bank’s approval before they can be sent. The payor and payee control the transaction process, not a third party. No limit on payment size: Need to send someone five million dollars worth of Bitcoin, pronto? You can do it on the blockchain. Just make sure you’re aware of any applicable fiat-to crypto (and vice-versa) costs. Blockchain technology is what makes peer-to-peer international payments happen quickly and efficiently. Photo by Craig Cooper on Unsplash Blockchain Payment Disadvantages Slower transaction speeds (transactions per second) compared to PayPal, Visa, and Mastercard. Costly mistakes: If you make a mistake and send funds (crypto) to the wrong address, don’t look for any government regulator to bail you out. Fiat-to-crypto conversion costs: Unless all of your payments occur within the crypto ecosystem, you’ll need to convert your USD, EUR or GBP, etc. to Bitcoin, Ether, etc. When you receive payments in crypto, you’ll also incur transaction costs to convert the funds back to fiat. Transparency: Blockchain ledgers are public knowledge, inasmuch as anyone with the correct access codes can view the details of each transaction within. Privacy-minded individuals and companies may not be cozy with that arrangement. PayPal Advantages Send money to anyone in up to 26 different (fiat) currencies with an email address. Well, as long as they have a bank account and have signed up for PayPal, that is. Regulation and oversight: PayPal users are protected by at least some of the rules and regs that govern traditional banks, such as Regulation E and the USA PATRIOT Act. Paying via a credit card in your PayPal account provides far greater consumer protection than does paying via debit card or PayPal cash balances. Fast transactions: PayPal offers users the ability to transfer their PayPal funds to their bank account in as little as 30 minutes when done via debit card. Fixed fees: Receiving payments for your goods and services will cost you a flat 2.9 percent fee, plus 30 cents per transaction. However, there is zero charge to purchase goods and services via PayPal. Sending money to family and friends is also free. However, currency conversion fees will apply if you send funds internationally. eCheck: This is another free PayPal payment option. It’s similar to an ACH transaction at a traditional bank but can take several more days to complete. This is an excellent choice for payees who want to avoid getting hit with the 2.9 percent fee. You can always ask your payor to use an eCheck instead of a regular PayPal payment. PayPal continues to grow its client base, which now connects users in 200 nations with millions of merchant websites. Image: mohamed_hassan on Pixabay PayPal Disadvantages Currency conversion rates: PayPal will determine the exchange rate you’ll receive. You must factor this additional cost into consideration when calculating your ultimate PayPal transaction fees. Payment limits: You can send only a maximum of $10,000 in any one PayPal transaction. Funds on hold: When receiving funds via eCheck, expect your money to remain in limbo for at least several business days. This is the downside of receiving your funds without any fees. It’s also a huge money-maker for PayPal, as they collect interest on the float. Blockchain vs. PayPal, or a New Hybrid? Today, PayPal can still process transactions faster than blockchain, but that may not be the case in the future. In fact, PayPal is definitely interested in blockchain and its potential for disruption in the financial world. Might PayPal payments be sent via DLT in the near future? No one knows, but it’s certainly a possibility worth contemplating as this decade rapidly draws to a close. For all anyone knows, blockchain vs. PayPal might morph into something like BlockPal or PayChain. The Wild Card in the Mix Bitcoin hash rates continue to climb, albeit slowly as of early 2019. More and more merchants are willing to accept cryptos as payment. With the possibility of a major US (worldwide?) recession looming in 2019-2020, it’s possible that revenue-hungry retailers will welcome any form of payment they can get, including major cryptos. However, what happens if 100 million Americans decide to use crypto every day to complete their personal and business transactions? Further, what if most of those consumers simply choose to keep their funds within the crypto ecosystem, never again converting their coins to fiat? Be Optimistic, yet Ever-Vigilant Overall, the future looks great for both blockchain and PayPal as world-class payment systems, worldwide. However, always be aware of the potential for government restrictions on crypto use (on consumer purchases, not on actual crypto trading). If crypto purchases are limited by government decree, then the blockchain will also be affected and its development could be slowed down. PayPal appears to be immune from such a hypothetical crackdown unless they begin offering cryptos as an additional currency. Regardless of future events, the blockchain vs. PayPal saga should prove to be an interesting competition in the 2020s and beyond. The post Blockchain vs. PayPal: Understanding the Difference and Evolution appeared first on CoinCentral.
Coin Central

R3 And ING Bank Make 5-Year a Deal for Unlimited Corda Blockchain Development

The consortium startup Corda and the Dutch banking group ING have recently decided to make a 5-year partnership for the usage of the Corda blockchain. The announcement was made by R3 and the deal is set to let the ING group use an unlimited number of licenses for the platform. This way, the bank will be able to use the blockchain technology freely and CorDapps (Corda Distributed Applications) across all kinds of services. CorDapps is used to help in many activities like trading, finances, capital markets and identity. R3 CEO David Rutter has affirmed that ING will take full advantage of the technology created by the consortium and that the company is looking forward for this partnership so that they can help the bank to achieve better results with more efficiency, profitability and productivity. Annerie Vreugdenhil, head of innovation for ING, describes the deal as a huge milestone for the company and in the transition for a more distributed economy instead of a centralized one. According to her, the bank is on the verge of deploying DLT solutions for clients which will improve greatly the quality of the banking services. ING And R3 Have Partnered Before This is not the first time that these two companies are partnering up. ING, together with Commerzbank, Natixis and Rabobank (all banks from Europe) have used the Corda blockchain last year to make a commercial paper transaction worth $100,000 EUR. ING has also partnered with R3 in February 2018, when the companies used Corda to complete a proof of concept project together with Commerzbank and BNP.
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