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What’s at stake? A comparison of the value in validators that offer staking for Cosmos and Tezos

As Proof-of-Stake (POS) networks continue to grow in popularity, businesses have begun launching services to cater to these networks. These services allow participants, who lack either the required number of tokens or the technical skills, to become validators, as part of a pool, that participates in the consensus of POS networks and gains their block rewards. While some services started with focuses on a specific blockchain, as newer networks have popped up, many of these services have diversified and now offer staking services for numerous different blockchains. We will consider five validators that offer these services for multiple networks, and more specifically, for Cosmos and Tezos. Join Genesis now and continue reading, What’s at stake? A comparison of the value in validators that offer staking for Cosmos and Tezos!
The Block Crypto

Dark Horses of dApps: 6 Blockchains With Ethereum In Their Sights

Right now, three blockchains dominate the dApp market: Ethereum, EOS, and TRON, which are responsible for about 95% of all deployed distributed applications. On top of this, there are a few blockchains that don’t have as many dApps, but which are popular due to their coin’s high market ranking—such as NEO, VeChain, and Ontology. Things are changing, though: dApp listing sites are starting to pin their hopes on smaller blockchains. This year, four of the biggest dApp listing sites began to list apps from up-and-coming platforms. Here’s what the newest dApp blockchains have to offer—and an answer as to whether they really deserve the attention that they’re getting. IOST: The Internet of Services Token IOST is specifically designed as a basis for online services. It boasts high speeds (8000 TPS) and low transaction fees, making it an ideal foundation for dApps. It also relies on a unique consensus mechanism called “Proof of Believability,” which gives IOST’s underlying network a high degree of decentralization despite its small size. Since its February launch, IOST has performed well: it’s the 70th largest cryptocurrency thanks to its $60 million market cap, and its 30 apps are listed on DAppRadar, DappReview, Dapp.com, and DAppTotal. IOST’s highest volume (and most heavily used) dApp is its DEX, which averages 215 daily users and handles about $13,500 per day. We have examined IOST and assigned an investment grade in our SIMETRI Research. The Loom Network: A dApp Interoperability Layer The Loom Network is a second layer solution that provides better performance for Ethereum dApps. It’s also introducing compatibility with EOS, TRON, and Cosmos, which means that developers can release their Apps on multiple blockchains at once. In short, the Loom Network is one of the most dApp-focused blockchains on the market, period. Our SIMETRI Research team has taken a very deep dive into its tech. Loom’s token has a $23 million market cap, making it the 135th largest cryptocurrency. It has about nine apps on DappRadar and DappReview, but its biggest apps are doing quite well: the learn-to-code game CryptoZombies attracts 250 users per day, while the creature trading game Axie Infinity handles $4100 daily. Klaytn: Kakao’s Foray Into Blockchain Klaytn is a blockchain from Kakao, South Korea’s most popular mobile messaging company. Klaytn’s claim to fame is its hybrid nature: it combines the efficiency of private blockchains with the decentralization of public blockchains. This means that Klaytn has a large number of apps from enterprises, despite the fact that it is a public blockchain. There are 10 Klaytn dApps listed on Dapp.com—and a few, such as the security suite Cloudbric, have thousands of daily users. However, since some of these web apps existed before Klaytn did, they may have benefited from a head start. The fact that Klaytn’s token has no reported market value also makes its success difficult to measure. Nebulas: A Blockchain With Analytics Features Nebulas is a blockchain with a focus on analytics and searchability—in fact, it is sometimes touted as the blockchain equivalent of Google. This should make it a useful tool for developers and analytics websites alike. Currently, Nebulas’ NAS token is doing quite well: it ranks at #126 and has a market cap of approximately $25 million. Unfortunately, Nebulas is a ghost town: DAppReview lists 278 of its apps, but none of those appear to be active. This may be a cautionary tale of forced growth: as some community members have noted, Nebulas briefly rewarded dApp developers, who appear to have abandoned their projects upon receiving their payout. TomoChain: Focusing On Scalability, Efficiency, and Accessibility TomoChain is a blockchain that mainly offers scalability in the form of fast transactions (2000 TPS) and low fees—though it also has an extensible network of chains and custom tokens. It is additionally trying to facilitate access for end users with features like its zero-friction protocol, TomoZ, which handles transaction fees in a simplified way. TomoChain hosts about twenty dApps, which are listed on Dapp.com and DAppReview. Its most used and highest volume dApp is its governance and staking app, TomoMaster, which handles $88,000 per day and averages 30 daily users. The TOMO token, meanwhile, has a market cap of $22 billion, making it the 142nd largest cryptocurrency. WaykiChain: A Blockchain For Gambling and DEXes WaykiChain (WICC) is a blockchain with a focus on a few types of dApps—specifically prediction markets, decentralized crypto exchanges, and decentralized forex exchanges. It also offers high transaction speeds (starting at 3200 TPS) thanks to its DPOS consensus mechanism, which relies on eleven nodes to power the network. WaykiChain’s status is roughly on par with TomoChain: WICC’s token is the 138th largest coin, and it has a market cap of $23 million. WaykiChain offers about 15 dApps, which are listed on DAppReview. Its most used app, Wayki Paradise, sees about 40 users per day. Its highest volume app, which appears to be a staking app, handles $24,000 per day. Are These Minor Blockchains Really Necessary? Individually, most of these blockchains account for less than 1.5% of the 3,000 dApps in existence. Even though these platforms have unique technical underpinning and potentially powerful networks, the results are somewhat predictable: they’ve produced a few successful trading games, gambling games and financial apps. But although dApp blockchains have gained visibility from listing sites, that might not be enough. GoChain is one platform that has taken this to heart: it has its own category on State of the DApps, but that page only lists three apps. Now, it’s shifting its focus towards enterprise adoption and questioning whether dApps are ready for prime time. It’s also possible that listing sites are letting down blockchains by not keeping up with new dApp launches. Listings for small blockchains might not be getting a lot of upkeep, and there seems to be some inaccurate data—for example, some apps are active but have no recorded volume. Perhaps today’s dApp data is just the tip of the iceberg. Note: where possible, daily dApp statistics have been averaged from weekly statistics and rounded off.   The post Dark Horses of dApps: 6 Blockchains With Ethereum In Their Sights appeared first on Crypto Briefing.
CryptoBriefing

New Defi Project Kava to Launch its Token on Binance Launchpad

Coinspeaker New Defi Project Kava to Launch its Token on Binance LaunchpadIt is announced that the decentralized finance (Defi) platform Kava is set to sell its tokens on the Binance Initial Exchange Offering (IEO) platform popularly referred to as Binance Launchpad. The event will start on the 23rd of October, 2019. The sales will involve a lottery and an airdrop. The IEO will feature the KAVA token at $0.46 and will also include 6.52% of the total tokens available. The event will also include an airdrop of $150,000 with a total of 326,087 tokens for the event. Based on the daily average BNB calculation method, the lottery will be the first event to take off while the Airdrop follows thereafter.Kava is known for its popular cryptocurrency swap application Switch which enables near-instantaneous swaps of cryptocurrencies that are based on different blockchains. Kava is also in the process of developing an XRP backed stablecoin and a PoS blockchain which will include many different kinds of cryptocurrency tokens in the Cosmos ecosystem and also improve defi services that can be delivered.This IEO is sure to attract many investors for several reasons. Firstly, Changpeng Zhao or CZ as he is popularly called has been doing quite a bit of work in the crypto space with the different kinds of innovations that are occurring within Binance at the moment. This has created the special “Binance-Effect” which has been carried over into the different platforms that are currently operated by Binance.Secondly, this era of decentralized finance has also brought to bear the need for different kinds of collaborations and projects. This can be seen by the projects that Binance has allowed on the Launchpad and other platforms. Defi may be a nascent industry but it is going to be the next big thing and will change the way we as human beings exist. KAVA is already proving to be one of those uniquely important projects that can cause people to make that bold leap into defi.Thirdly, out of all the IEOs on different cryptocurrency exchanges, those that occurred on the Binance Launchpad have had the greatest ROI. This goes to show that the phenomenon being experienced is beyond the so-called “Binance effect”. Binance is definitely doing something right when it comes to selecting the projects that will run on their platforms.As such, the other cryptocurrency exchanges such as Gate.io, OkEx, Huobi, Kucoin, and others haven’t had the 100% ROI threshold that Binance has had. At least not yet. This event is the tenth offering that has occurred on Binance’s launchpad. The preceding offerings had so far raised about $49 Million. Kava on its part has been excited to work with Binance on this round of financing and indicated so in a tweet. Sources indicate that Kava has raised to have raised $5.48 Million in a previous financing round with investors such as Ripple and Arrington XRP Capital, and so on.New Defi Project Kava to Launch its Token on Binance Launchpad
Coinspeaker

Cosmos Price Analysis ATOM / USD: Gazing Into Infinity

Cosmos has turned bullish over the short-term and the medium-term The four-hour time shows that a bearish head and shoulders pattern and a bullish double-bottom pattern is in play The daily time frame shows that a major technical breakout could occur if the $3.15 resistance level is broken. Cosmos is staging a minor technical correction on Wednesday, after the popular cryptocurrency turned lower alongside the broader market. After coming under pressure towards the September price close, the ATOM / USD pair recently rallied to its highest trading level since September 21st. Both short and medium-term technical analysis is currently showing that the ATOM / USD pair has significant upside potential if bulls can gather strength above the $3.15 level. A sustained break above this level could propel the cryptocurrency towards the $5.00 level. The ATOM / USD pair had been enjoying a strong short-term recovery and has also been one of the top performing cryptocurrencies inside the top thirty by market cap recently. In percentage terms, Cosmos has gained over fifty percent from its September monthly low and trades over fifteen percent since its October price open. Looking at the four-hour time frame, a bearish head and shoulders pattern is currently in play, with bulls needing to rally the ATOM / USD pair above the $3.50 level to invalidate the bearish pattern. The invalidation target of the head and shoulders pattern would take the cryptocurrency toward the $5.00 level. Looking at the near-term bullish case for Cosmos, a double-bottom pattern has also been created, price is also still trading above its 200-period moving average on the four-hour time frame. The daily time frame shows that a major trendline breakout could occur if the $3.15 level is broken, with the mentioned time frame once again showing the $5.00 level as the likely upside target. The four-hour and daily time frame charts both show that a sustained move under the $2.65 level would put the ATOM / USD pair back under downside pressure and reduce the chances of a bullish breakout. According to the latest sentiment data from TheTIE.io, the short-term sentiment towards Cosmos is bearish, at 43.00 %, while the overall long-term sentiment towards the cryptocurrency is resoundingly bullish, at 63.50%.   ATOM / USD H4 Chart by TradingView Upside Potential The four-hour time frame highlights that bulls need to move price above the $3.15 level to encourage fresh technical buying. Once above the $3.15 level, the ATOM / USD pair has limited technical resistance until the $3.50 level. The daily time frame also highlights the $3.15 level as major trendline resistance. A breakout above key trendline resistance could propel the ATOM / USD pair towards the July 9th swing-high.   ATOM / USD Daily Chart by TradingView Downside Potential The lower time frames are currently showing that the short-term trend remains bullish while price trades above the $2.80 level. In the near-term, the $2.88 level is key support. The daily time frame is showing that the medium-term bullish case for the ATOM / USD pair remains strong while price trades above the $2.65 support level. Summary Cosmos shows tremendous bullish potential over the short and medium-term if bulls can rally the cryptocurrency above the $3.15 level. The overall upside projection of the potential bullish breakout would add more than fifty percent to the value of the popular cryptocurrency.   To get a quick refresher course on Cosmos check out our coin guide here. Our SIMETRI Research team has also published a full digital asset report on Cosmos.   Cosmos ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=ATOM&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-45236 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-45236 #ccc-chart-block .exportBtnTop, #ccpw-ticker-45236 a.tabperiods.tabperiods_active, #ccpw-ticker-45236 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-45236 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-45236 .coin-container:after, .ccpw-container_four #ccpw-ticker-45236 .coin-container:after {border-color:#ccc !Important;} The post Cosmos Price Analysis ATOM / USD: Gazing Into Infinity appeared first on Crypto Briefing.
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Should We Fear The Bitcoin Death Cross? Plus, 0x Price Drivers

Cryptocurrency markets are remaining fundamentally similar to last week’s landscape. Few movements were seen this weekend, and Monday so far is not proving to be an exception. As before, Bitcoin remains tightly range-bound, trading around the same $8,300 level of the previous week, while altcoin movements are mostly defined by project-specific news. Notable gainers today are XRP, Huobi Token (HT), 0x (ZRX) and Cosmos (ATOM), posting +4%, +6%, +10% and +6% respectively.   Cryptocurrency price dynamics on October 14, by Coin360 Are we at the cusp of a Bitcoin bear market? Technical traders are feeling uneasy right now, as the Bitcoin daily chart is looming ever closer to the famed ‘death cross’. That happens when the 50-day moving average crosses below the 200-day average, which signifies a shifting trend in the price dynamics. There are only two times when this occurred in recent Bitcoin history: late-March 2018 and mid-September 2015. But during both times, the result was not quite clear-cut. March 2018 was actually followed by a fairly significant upward correction, where Bitcoin briefly touched above the $10,000 level. During 2015, the death cross occurred right at the end of the bear season, registering the opposite ‘golden cross’ one month later.   BTC / USD around September 2015, by TradingView   Past history is not necessarily a good predictor, but it shows that a death cross does not mean an immediate slide towards $50 for each bitcoin. But there is a worrying trend nevertheless. According to data from theTIE.io, interest in BTC is continuing on its downward path.   Bitcoin long-term sentiment and tweet volume.   The long-term trader sentiment for Bitcoin has entered a downward trend since August, and tweet volume is falling precipitously. The sentiment indicator is a remarkably good qualitative predictor of future price movements, generally anticipating the market.   Long-term sentiment (line) vs. price (area)   Taken together, the indicators suggest it is likely that Bitcoin will at least complete the death cross in the coming weeks, barring unforeseen bullish news. 0x continues garnering interest The ZRX token is top gainer for today, but it isn’t due to a reaction to specific news. Last week was packed with announcements, with 0x teasing an upcoming integration with the Augur prediction markets, before delivering the knockout punch of OpenZKP, the first live Zk-STARK implementation. But community interest was gaining before and after that, according to sentiment data.   0x market sentiment and tweet activity, by theTIE   The post Should We Fear The Bitcoin Death Cross? Plus, 0x Price Drivers appeared first on Crypto Briefing.
CryptoBriefing

OpenLibra announcement overshadowed by core team member’s questionable past

The launch of OpenLibra, a permissionless and open-source fork of Facebook‘s cryptocurrency, was overshadowed by fraud accusations toward one of the core team members. Crypto startup Wireline casts shadow on OpenLibra launch This year’s Devcon served as a springboard for news in the crypto industry, including the launch of OpenLibra. The project is a permissionless and open-source fork of Facebook’s controversial cryptocurrency Libra. Also a stablecoin, OpenLibra would be pegged to Facebook’s Libra. The platform was developed by a consortium of around 30 blockchain companies, including Cosmos, Wireline, BlockScience, and Democracy Earth. A permissionless version of the Libra virtual machine was already published on GitHub. The framework, called “MoveMint,” runs on the Tendermint blockchain and can be used on platforms such as Cosmos.  However, the involvement of Wireline seems to have overshadowed the announcement with previous investors calling the company a scam. Andrew Lee, the founder of Web3Journal, filed a complaint with the U.S. Securities and Exchange Commission (SEC) saying that Wireline and its founder Lucas Geiger committed fraud. Geiger, who is one of the core team members of OpenLibra, reportedly stopped responding to Lee, who invested $1 million in the company during its 2018 ICO. According to Lee, Wireline’s advisor Sizhao Yang and Geiger failed to deliver on almost all of the major promises made during the initial coin offering. The two reportedly claimed Jun Hasegawa, the founder and CEO of payments platform Omise, would lead Wireline’s marketing while the Ethereum Community Fund Network would fund the project.  Lee’s complaint could bring other investors forward In a Twitter thread, Lee went on to share the conversations he had with both Geiger and Yang. According to the screenshots, Geiger hasn’t responded to Lee since early March, while Yang’s answers were brief and unhelpful. Apart from promising an expert team would lead the project, Geiger and Yang reportedly said that Wireline’s native token would be released in the second quarter of 2018. Lee said that neither he nor any other investor received updates from the company regarding the token release delays. While this prompted several other investors to step forward on Twitter, it’s still too early to tell whether Lee’s claims have merit. Neither Geiger nor Yang responded to these accusations, but Wireline remained active—the company’s newly appointed CEO Rich Burdon demonstrated Wireline’s peer-to-peer collaboration at Devcon on Oct. 10. In a follow-up tweet, Lee said that he managed to contact Burdon, who was “a lot more understanding” and the two are reportedly trying to find “middle ground.” We are yet to see whether the SEC decides to act on Lee’s complaint. In the meantime, Geiger’s reputation and the reputation of OpenLibra will be at stake if more investors with similar stories come forward. The post OpenLibra announcement overshadowed by core team member’s questionable past appeared first on CryptoSlate.
Cryptoslate

Facebook’s Libra to Be Forked to ‘OpenLibra’

Coinspeaker Facebook’s Libra to Be Forked to ‘OpenLibra’When Facebook‘s cryptocurrency Libra started struggling with keeping its co-workers to keep partners on board and all of the institutions happy, an alternative called OpenLibra came to address some of Libra’s potential flaws.OpenLibra is described as an “open platform for financial inclusion,” with a tagline: “Not run by Facebook” and it was announced at Ethereum Foundation‘s Devcon 5 conference in Osaka, Japan.Be it as it may, thirty blockchain companies and nonprofit organizations decided to fork the above-mentioned project to launch their own permissionless version – as we already mentioned, dubbed OpenLibra.First to announce it, was Lucas Geiger, co-founder of blockchain infrastructure startup Wireline and he did it during the Ethereum developer conference Devcon. He explained OpenLibra will function as a “stablecoin pegged to the actual Libra cryptocurrency.”He said:“We’re going to fork the code, fork the community and create a new cryptocurrency called OpenLibra. There is no token sale. No equity and no company behind this initiative.”The core team that works on OpenLibra’s employs people from blockchain projects including Cosmos, Chainlink, and Web3. There are also some non-profit organizations, for example, the Danish Red cross.Last month we reported of Libra’s managing director Bertrand Perez speaking at a blockchain event at the U.N. headquarters in Geneva, said Libra will not replace existing fiat currencies, but could help the UN achieve many of its goals.Also let’s not forget that in July this year, International Monetary Fund acting Managing Director David Lipton said that Libra’s risks include “the potential emergence of new monopolies, and threats to financial stability”, among others.Be it as it may, the OpenLibra project has published a “grey zone” version of the Libra virtual machine on GitHub. Unlike Facebook’s Libra, the code computations on OpenLibra, called “MoveMint,” will run atop Tendermint blockchain software specifically designed for use on public blockchain platforms such as Cosmos.As it was noted anything that is available on FB’s Libra will run on OpenLibra. Everything will function in the same way.Geiger also commented that together with his colleagues he decided he doesn’t want “a cartel company with the ethics of Uber and censorship of Visa” to be the sole proprietor of the Libra coin.He said:“In Libra we trust, in Facebook we don’t.”It seems that Geiger and the rest of the OpenLibra team want to create a robust scheme in order to oversee the OpenLibra platform.“This is a governance problem. Governments can attack Visa and Mastercard and Facebook from different angles and that makes for a fragile reserve currency. We have less regulatory exposure than Facebook. Governments have less leverage on us. … We gain strength by having more members that are decentralized not just geographically but politically and economically,” concluded he.Facebook’s Libra to Be Forked to ‘OpenLibra’
Coinspeaker

SEC To Rule On Bitwise ETF For Bitcoin: And 0x Releases Zk-STARKs

The cryptocurrency market continues to creep sideways like Wile E. Coyote on the trail of a wabbit, across a varied landscape of gains, losses, and the occasional ACME anvil in the form of another possible ETF rejection. Meanwhile, Bitcoin is trading back above the $8,000 level, with top altcoins such as ETH, EOS and BNB closely following. Cosmos, Chainlink and 0x posted the largest gains at 7-9%, while Monero and IOTA have the largest loss at -2.5%   Cryptocurrency market dynamics since October 7, by Coin360 Bitwise Head of Research remains optimistic about ETF prospects The final ETF still awaiting a decision is looming this Sunday, October 13. Two proposals were due for a verdict this month, but VanEck dropped out of the race a couple weeks earlier. In an interview with CNBC, Bitwise Managing Director and Head of Research Matt Hougan shared his excitement. “Sometime before Monday, the SEC has to give its decision: yes or no. They have no more ways to postpone it at this point,” he explained. “We will hear clearly between now and Monday what they think, and then, depending on what we hear, we’ll go forward from there. But it should be a very exciting week.” Bitwise may indeed have a few aces up their sleeve for the proposal. Working directly towards the concerns later voiced by SEC Chairman Jay Clayton, the proposal focuses on highlighting the advances in Bitcoin custody and regulation made in recent months. “Two years ago, there were no regulated, insured custodians in the bitcoin market. Today, … there are big names like Fidelity and CoinBase [with] hundreds of millions of dollars of insurance from firms like Lloyd’s of London,” he continued. “Two years ago, there were no regulated crypto exchanges. Now, six of the 10 big crypto exchanges are regulated by the New York Department of State with market surveillance technologies in place. And, most importantly, two years ago, it was a one-sided, inefficient market. Today, we have $200-plus million in volume and regulated futures every day.” Both of these solve the two main roadblocks expressed by the SEC, namely lack of regulated custody and manipulation-free markets. This is where the Bitwise report on fake exchange volume comes in handy: by dismissing the majority of Bitcoin volume, they were able to argue to the SEC that most of the price discovery is conducted on regulated exchanges. Will the SEC be convinced by this logic? We’ll find out before Monday. A positive answer could do wonders to Bitcoin’s price, but it is far from certain. 0x Introduces Zk-STARKs The 0x project, focused on providing a shared infrastructure for Ethereum DEXes, has announced the launch of OpenZKP library, in what is likely the first implementation of Zk-STARKs. The STARK variety of Zero Knowledge proofs is considered a better alternative to the more common SNARKs, found in Zcash and other Zerocash protocol currencies. They don’t need a trusted setup, a necessarily-centralized procedure that could compromise security. In addition, Zk-STARKs are ‘quantum-secure’ and provide a more nimble verification algorithm. Disadvantages include a bigger proof size and the overall novelty of the algorithm. For this reason, 0x made OpenZKP as a fully open-source library, encouraging other developers to contribute and review the code. In addition to providing a base for privacy coins, Zk-STARKs could be critical for creating scalable DEXes and blockchain platforms, which is what enticed 0x to develop the implementation.   The post SEC To Rule On Bitwise ETF For Bitcoin: And 0x Releases Zk-STARKs appeared first on Crypto Briefing.
CryptoBriefing

Vega raises $5M to develop decentralized derivative markets

Vega, a startup building decentralized trading technology, has raised a $5 million seed round led by Pantera Capital, with participation from investors including Xpring, Hashed, and RSK Ecosystem Fund. The startup is building a blockchain-agnostic protocol that enables traders to create and participate in non-custodial markets for trading derivatives products. According to the firm, Vega is a layer 2 chain leveraging proof-of-stake and is currently built on top of the Tendermint consensus library used by protocols like Cosmos. As a blockchain agnostic protocol, Vega's protocol can be integrated into various blockchains. The firm's first integration is with Ethereum. A user wanting to trade ether or ERC-20 tokens on Vega will lock up their tokens on a Vega Ethereum smart contract. A Vega node then reads the contract to ensure assets are locked before turning these assets into a collateral that can be traded on Vega's markets. "Vega is designed from the outset for any given network/shard to be able to act as a side chain to multiple asset ‘host’ blockchains. This would allow for cross-chain settlement and markets settled in assets outside of Ether and ERC20s," Vega CEO and co-founder Barney Mannerings tells The Block. While Vega's first integration is with Ethereum, Mannerings believes its users would soon build markets on other blockchains. "We are keen to quite quickly expand beyond Ethereum hosted assets, and the participation of both the RSK Ecosystem Fund and Xpring in this demonstrates the seriousness of our longer term, blockchain agnostic mission," he says. Vega is not the first non-custodial derivatives offering on the market. dYdX, an Ethereum-based non-custodial derivatives trading platform launched Alpha testing on the Etheruem mainnet in April. More recently, UMA Protocol, a decentralized financial contracts platform, published a research paper exploring a "decentralized levered contract" trading platform. Mannerings tells The Block that Vega differs from these competing products because "the protocol’s use of a separate blockchain custom designed for derivatives trading [which] also allows the protocol to mitigate issues like front running and makes it possible to easily support bespoke products with complex execution logic and risk models, in addition to providing 10-100x lower latency and higher throughput than blockchains like Ethereum on which many competing protocols are based."
The Block Crypto

Terra proves it owns the Korean Market

Terra just made four killer announcements during Korea Blockchain Week that will put it at the forefront of the Korean market. Terra is one of the most promising projects coming out of South Korea. It is an algorithmic stablecoin that aims to become the first mass-adopted cryptocurrency. Thanks to its payments DApp – CHAI – Terra is optimally primed to take over the Korean market. Yesterday, during the Korea Blockchain Week, Co-Founder Do Wong made four massive announcements: CHAI is going to collaborate with BC Card, the largest payment processor in Korea, to launch a debit card by early 2020. This card will be accepted at BC Card’s 3 million+ affiliates in Korea, with plans to expand globally with BC’s global network partners. CHAI will be conducting offline payments with CU. CU happens to be Korea’s largest convenience store chain with 14,000 retail locations scattered across the country. CHAi is now available on Yanolja – Korea’s version of hotels.com. Yanojla has over ten million users and generates over $2 billion in GMV. Terra partnered up with Shinsegae (SSG) Duty Free and enabled global payments in Hong Kong via a localized app called “CHAI DF.” SSG Duty Free happens to be a market leader in Korea’s $17 billion duty-free shopping market. More on Terra Terra was built with the Cosmos SDK and Tendermint, a Byzantine Fault Tolerant Proof-of-Stake (PoS) consensus algorithm. The Terra stablecoin is collateralized by a second native token called Luna (LUNA). Luna is listed on a number of Korean exchanges as well as global exchanges like Bitrue, KuCoin, and Bittrex. The two target audience groups for Terra are merchants and end-users. Merchants: Due to the complicated payment systems, merchants end up paying 2-3% transaction fees. Terra looks to replace the existing system and bypass the need of multiple intermediaries to facilitate transactions with one single blockchain layer, which will drop the transaction fees to just 0.5%. End-user: As Terra keeps growing, the end-users will be able to enjoy a 5-10% discount rate for every transaction.  The reason why that will be possible is because of simple supply-demand mechanics. Terra keeps its price steady by increasing and decreasing the money supply. As the Terra economy grows, they will be able to fund discounts with the money supply growth. CHAI a next-generation Mobile Payment Gateway Terra’s payments dApp, CHAI, allows users to make online payments by adding their bank accounts. It has become immensely popular in a very short amount of time. Within three months after launching, CHAI has become the 4th and 13th most popular app in the finance category on Apple’s App Store and Google Play Store, respectively. It has also surpassed the local digital payments leader KakaoPay on both charts.   What is the significance of these announcements? With CHAI, Terra has a payment dApp that has garnered a considerable following. Within three months, CHAI had already gained a staggering 430,000 users. Seeing this popularity, more and more online platforms (like Yanolja) have started integrating CHAI within their systems. Terra is looking to hit an annual run rate of $1 billion by 2019 though these online integrations alone, making it one of the most active blockchain networks in the world. However, as the CU announcement indicates, CHAI is being adopted by companies for offline payments as well. This will significantly increase CHAI’s consumer touchpoints and spike up user activity. Finally, with the BCcard partnership, virtually everyone in South Korea will have access to Terra’s blockchain payments network.  Conclusion Usability and accessibility is the key to growth for any payments system – centralized or decentralized. With Terra, we have an intriguing case of a stablecoin, backed by solid fundamentals, which is actually being used by a vast audience, both online and offline. As CHAI gets adopted by more platforms, both merchants and users will be exposed to the benefits of the Terra blockchain (low transaction fees and higher discount rates). This will undoubtedly attract more attention to CHAI and Terra and put them in prime position to dominate the market. Disclosure/Disclaimer: This press release is sponsored and produced by a third-party source and should not be viewed as an endorsement by ZyCrypto. Readers are urged to do their own research before investing or having anything to do with the company, goods and/or services mentioned in the above article. The post Terra proves it owns the Korean Market appeared first on ZyCrypto.
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Bank of Canada Exploring Possibility of Launching a Digital Currency

Bank of Canada, the Canadian central bank, is exploring the possibility of launching a digital currency that would replace cash and track how people spend their money. The aim of the proposed currency would be to mitigate the “direct threat” posed by cryptocurrencies to the economic sovereignty of governments and central banks, an issue that has featured prominently in the headlines recently amidst intense regulatory pushback on Facebook’s proposed coin, Libra. The proposal was pitched to Stephen Poloz, Governor of the Bank of Canada, and its board of directors in a presentation entitled “Central Bank Money: ... ﾿ Read The Full Article On CryptoCurrencyNews.com 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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Bermuda Kicks Off Natural Blockchain I.D System Development With Shyft Network

Bermuda's blockchain identification system recently kicked off. This project is currently under development with the main partners being Perseid and Shyft Networks. The blockchain i.d ecosystem is set to leverage decentralization in keeping records for the citizens of Bermuda. This small Island nation joins Catalonia who is also creating a digital ledger for i.d record […]
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Brave Blockchain and Privacy Browser Scores 8 Million Active Monthly Users

Blockchain-powered privacy web browser, Brave, has just announced in an official blog post that the browser now has 8 million active users who use it monthly and a daily user mark of 2.8 million. The platform’s growth has been quite commendable and is slowly increasing in popularity, gearing up its head to compete with other bigger browsers. The Brave platform now also has 290,000 Brave Verified Publishers, who earn Brave’s Basic Attention Tokens (BAT) as payments for the content they produce and make available. Of this number, the announcement states that 15,000 are Twitch streamers with 33,000 website publishers and creators and a whopping 200,000 content creators on YouTube. Two months ago, Brave began allowing Twitter users to tip other accounts that post interesting content, using BAT. Since inception, 28,000 users have now signed up for this service and are free to tip and receive as well. The Brave team is heavily focused on putting control in the hands of content creators and eliminating the middlemen as much as possible. For a long time, major ad services companies like Google and Facebook, have not only been profiting too much off users’ contents but seem to unnecessarily tracking ad and user activity. Since the Brave platform is powered by blockchain technology, there is little to no chance that there will be any unnecessary tracking. Brave also incentivizes its users to watch ads on the platform and pays these viewers in BAT. The Brave Ads platform is an opt-in service that was officially launched back in April and according to design, users are paid 70% of revenue from the ads just for viewing them. Today, there have been 385 successful campaigns on the platform. Furthermore, Brave also reports that its platform engagement has hit an impressive 14% click-through rate, much higher than the industry average of 2%. The post Brave Blockchain and Privacy Browser Scores 8 Million Active Monthly Users appeared first on ZyCrypto.
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Privacy-focused Brave browser boasts 8M monthly active users

Privacy-focused internet browser Brave has hit 8 million-mark in terms of monthly active users. Announcing the news on Wednesday, Brave said daily active users, on the other hand, have surpassed the 2.8 million mark. The browser, with opt-in blockchain functionality, also compensates content creators, users and advertisers in its native Basic Attention Token (BAT) for viewing online ads. Brave said it has delivered nearly 400 ad campaigns to date. The browser maker further said that it now has over 290,000 verified publishers - 200,000 of those are YouTube creators, 33,000 website publishers, 15,000 Twitch streamers and 28,000 are Twitter accounts. Brave also offers a cryptocurrency wallet for ether (ETH), ERC-20 tokens and collectibles, including BAT.
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