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Komodo Platform’s Antara Framework: Another Giant Leap For Blockchain

Multi-chain integration is to blockchain what the assembly line was to Henry Ford. One-off customization is fine for Bugatti; but for the rest of us, practicality and price matter. Ford’s genius was to use the practicality of the assembly line to bring automobiles within the price range of the ordinary person. A hundred and thirteen years after formation, Ford is still one of the world’s largest family-owned businesses. As blockchain evolves, we can see the same philosophy that Ford brought to cars echoed in the projects creating exceptional value in the market today. Blockchain ecosystems like Cosmos, Ontology, and Polkadot are all the rage, creating a ton of market buzz and beginning to turn the industry away from the boutique and towards mass enterprise adoption. Interoperability finally seems to be a priority for more than a few specialized players in the market.  In the meantime, Komodo, the original multi-chain platform, keeps quietly progressing. Komodo has offered independent blockchain creation since January of 2017, but it’s about to offer a range of services and products that have rarely, if ever, been seen in this arena before. The platform is undergoing a massive overhaul this summer, launching the Antara framework on July 15, with a new website, a new visual identity, an updated white paper, and a partner network program. And the possibilities are spectacular.     Like the growing range of multi-blockchain technologies, Komodo’s ecosystem focuses on decoupling services that have traditionally depended on centralized singular blockchains in previous iterations of the technology. Security, for example, is normally is shared on singular blockchain networks. Komodo instead offers security that is separated from a central agency via Delayed Proof of Work, or DPoW. Scalability is an obvious advantage of this variation on the tech, offering independent solutions and autonomy for individual developers. “Single chain is simply not the best solution for scalability, autonomy, or security” Komodo CMO Steve Lee explains. Sovereignty on the blockchain One huge advantage of a multi-chain ecosystem, Steve Lee argues, is sovereignty. With Komodo, developers own their network solution, rather than being forced to raise funds in the host network’s currency, like Ethereum, for example. Once a developer launches a chain on Komodo all transaction fees are paid in the native coin of the created smart chain.Steve Lee, COO of Komodo Sovereignty extends to Komodo’s “smart chains” — an evolution of Komodo’s “asset-chain” technology, with a greater emphasis on baked-in composability and programmability. Smart chains are considered the first “layer” of the new Antara framework. These smart chains can have their own consensus rules, their own network, and launch their own unique currency, with transaction fees paid natively instead of via the KMD currency. Komodo at the core, Antara framework on top Komodo functions as two “chips”, Lee explains, with the Komodo core handling decoupled DPoW, scalability, interoperability, and updates for life for all users. The second “chip” is Antara — previously known as the over-simplified “crypto-conditions”. Blockchain services are built into the chain, enabling easy plug-ins that can be added as developers choose. With the open ecosystem of Antara, developers can create and share solutions, adding their solutions to a collective dynamic library. This ease-of-use encourages adoption of the technology. For the head developer at Komodo, James Lee, adoption is the key goal, so development needs to be as easy and free of barriers as possible. Komodo is therefore built as the core foundation, with Antara functioning on top of the structure. Antara’s contract-base front-end can then be used to insert written code into the chain as custom modules for an unlimited myriad of utilities. Antara Modules are written in C/C++ programming languages so they are Turing complete. This means that Antara Modules can be programmed to perform any processes that other existing applications or software do, all while running natively on your Smart Chain.James Lee, Head Developer at Komodo Rent or own? To get a clearer picture of the uniqueness of this ecosystem, think of this simple comparison. “It’s like choosing between leasing and owning a property”, Steve Lee explains. “When you lease a spot, like on the Ethereum blockchain, you are not guaranteed of certain important elements. Gas costs, for example, can vary wildly. You have to wait on the platform developers to fix bugs that affect the entire ecosystem. You depend on the Ethereum core team to fix the problems.” Unlike Komodo, Ethereum operates as a monolithic mainframe upon which all tokens depend. Fixing the system is much like trying to repair a car while driving it. Komodo, on the other hand, is more like owning property. The infrastructure allows developers to run independent blockchains, where changes can be tested separately and implemented or adapted to a range of blockchains when ready. The developer’s autonomy is much greater and not nearly as dependent on a central core of people. Using Antara, developers can create oracles; their own token DEX; stable coins; non-fungible tokens; and so forth, all while operating independently, but secured via Komodo. Because of Antara’s plug-and-play functionality, modules like the Quantum-secure digital signature scheme, Dilithium, can be added to any chain on the network. For mass multi-signature transactions, the MuSig plug-in can be utilized. Developers can take Komodo technologies like these, that have been developed already, and simply plug them in to their own chains. Since they are contained separately, there is no need for them to be fully integrated into the superstructure, so there is much more room for experimentation and customization. Building a chain in a minute Antara enables web-based blockchain creation, with a myriad of configurable parameters, spun up easily on to AWS, literally within a minute. There are 18 different ways to customize a Smart Chain, according to Komodo technical writer Daniel Pigeon. You can choose your consensus rules, hashing algorithm, pre-mine supply, block time, block rewards, size and frequency of reductions in block rewards, privacy settings, and more. Networks on Komodo can operate a single chain or instead launch multiple chains for greater performance demands. The created chain can then be launched via the AWS Partner Network, with “AWS cloud computing services available to create both seed nodes and mining nodes for any Smart Chain.” One of the greatest advantages of such a system is its built-in security. Normally a small network with relatively little mining power would be highly vulnerable to attacks. Every chain built via Antara, no matter how niche, enjoys Bitcoin-level security thanks to Komodo’s Delayed Proof of Work solution. DPoW harnesses Bitcoin’s enormous hashing power to secure all chains, mitigating security and integrity concerns. Komodo has signed up a number of blockchain-agnostic partners to act as development houses, creating modules on Antara that can then be shared for everyone to use on the network. These development houses will provide training and replicate modules which can then be added to the open ecosystem library. A number of independent chains are already operating in Komodo’s ecosystem, including Hush, Einsteinium, and GameCredits. Hemp Coin (THC) is in the process of fully migrating to the Komodo ecosystem. Developers can choose to operate as a side-chain of Komodo or to be completely integrated, like Hemp Coin, with the full feature set provided by the Antara service. With such a vastly adaptable framework, developers can collectively build a platform for their specific needs with a virtually infinite variety of services. The chain is shared and fully interoperable, so all updates are automatically shared. Through this system, developers can build their own independent blockchain, but still benefit from all the updates to the larger ecosystem. Komodo’s white label products Komodo also offers a growing range of white label products that can be accessed by anyone building on the platform. These include “a multi-coin wallet, mobile atomic swap DEX, custom block explorer, decentralized crowdfunding application, and SPV server integration.” Komodo’s DEX is in development, currently in closed beta. The DEX will be a true, fully decentralized atomic-swap exchange, supporting the swapping of any coin without the need for any intermediary party. It is a truly peer-to-peer exchange which will include P2P communication features. Interestingly, the DEX will even provide atomic swaps on mobile devices. Previously, Steve Lee explained, such an exchange would not function on mobile due to stability limitations of mobile internet. With an improved BitTorrent layer, swaps of this nature are now finally possible. The Komodo wallet, Lee explains, is being revamped as well, with new multi-coin support and a built-in atomic-swap DEX. Liquidity for the DEX, Lee explains, will be accomplished on the back-end with shared pools acting as liquidity providers. More liquidity could be added via coin communities, market-makers, and even OTC-based atomic swaps. A new emphasis on composability With the rebrand, James Lee has decided to stick with the Komodo name, but will be refreshing the brand with a new whitepaper, new features built on Antara layer and an emphasis on composability and smart-chains. Composability and flexibility are highly important, with the ability to create and provision hardware to applications dynamically as needed. Resources can be re-assigned dynamically via the shared resource pool. Chains can be spun up, taken down, or altered in purpose on the fly. Lee compared Komodo’s rapid development with the evolutionary progression of blockchain technology: Bitcoin began it all, acting as a sort of complex calculator. Ethereum moved the tech forward, acting as a sort of mainframe, with terminals plugging into a supercomputer. Composability, Lee argues, is the next step forward, providing a library of tools via the Antara module system. This framework will be simple to implement, but flexible enough to enable growing complexity and adaptability over time.   Note: although we discuss the technical specifications and use-cases of Komodo extensively in this piece, please be aware that this is an editorial piece and not one of our deeper digital asset research reports, which are conducted by our analyst team for our upcoming SIMETRI research platform. SIMETRI will be available to subscribers later in June. These reports will be primarily aimed at investor-enthusiasts seeking insight into the long-term fundamental drivers of value in a given project. If you are not currently subscribed to our newsletter, please feel free to drop us a line and we can add you to our list: info@cryptobriefing.com   The post Komodo Platform’s Antara Framework: Another Giant Leap For Blockchain appeared first on Crypto Briefing.
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COSMOS Price Prediction Today: Daily (ATOM) Value Forecast – June 17

The short-term is in a downtrend while the medium-term outlook is in a range-bound market. Patience should be exercised during the ranging market. ATOM/USD Medium-term Trend: Ranging Supply zone: $10.00, $12.00, $14.00 Demand zone: $4.00, $3.00, $2.00 ATOM continues in consolidation in the medium-term outlook. The bulls successfully made it to the upper supply area […]
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COSMOS Price Prediction: Long-term (ATOM) Value Forecast – June 15

ATOM/USD has continued to wander around the same previous range zones. The two movers are bound to make use of a reversal against either of the two range spots to their gaining of the market's driving advantage. ATOM/USD Long-term Trend – Ranging Distribution territories: $7.50, $8, $8.50 Accumulation territories: $5.50, $5, $4.50 The market worth […]
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Weekly News 11/2018 by Protocols (Ethereum, NEO, Cardano, Tezos, Cosmos, Rchain, QRL, Nebulas)

Ethereum Protocol (Ethereum, Ethereum Classic)In the news and blogsInitial Coin Offerings and the Value of Crypto Tokens by Christian Catalini and Joshua S. GansThe Emergence of Cryptoeconomic Primitives by Jacob HorneProtocolEthereum Community Conference — Vitalik Buterin on YoutubePlasma Cash: Plasma with much less per-user data checking by vbuterinPlasma Cash Simple Spec by Karl FloerschWe built a Generalised State Channels framework by MachinomyA State Channels Adventure with Counterfactual Rick! (Part 1) by SpankChainCasper Research 43 by Casper StandupA new account type in abstraction and Guaranteed execution gas for transactions in collations by vbuterinBridging the ÐApp — Scaling now with Parity Bridge by ParityAnnouncing DelegateCall.com: The First DAppChain Live on Loom Network and Loom Network is LIVE! Scalable Ethereum DApps Coming Soon to a DAppChain Near You by James Martin DuffyStuff for developersEchidna, a smart fuzzer for Ethereum by Trail of BitsMerkle Air-Drops: Make Love, Not War by RicMooGas Token — store gas when it’s cheap to use when it is expensive by using the storage refund by GasToken. GasToken is a new, cutting-edge Ethereum contract that allows users to tokenize gas on the Ethereum network on RedditThe fate of the geth console on RedditLaunch A Decentralized Identity Application using the Developer Friendly uPort/React Truffle Box by uPortOff-Chain Whitelist with On-Chain Verification for Ethereum Smart Contracts by Philippe CastonguaySnarky: A high-level language for verifiable computation by O(1) LabsTwo Ways of Forcing Ether into a Contract by Alex Sherbucksails.js Truffle hook by npmBuild a simple Ethereum + InterPlanetary File System (IPFS)+ React.js DApp by Michael ChanIPFS Consortium Release by Sponnet. IPFS Consortium on GithubHow To Create Token and Initial Coin Offering Contracts Using Truffle + Zeppelin Solidity by Gustavo GuimaraesUjo Public Alpha Technical Stack by UjoMAIAN: automatic tool for finding trace vulnerabilities in Ethereum smart contracts on GithubEcosystemNotes from the first meeting of the Fellowship of Ethereum Magicians at EthCC on RedditEtherVis — visual Eth address explorer by EtherVisCorrelations graphing from Etherchain by EtherchainA front end for Christian Lundkvist’s Simple MultiSig on RedditEthPrize.io — bounties for things the ecosystem needs. First bounties for EthPM package manager and open source block explorer by EthPrizeOver 12,000 Ether Are Lost Forever Due to Typos by Johannes PfefferAll videos from EthCC ’18 in Paris on RedditPodcast, Videos and InterviewsMonopolies and Proof of Stake with Karl Floersh, Metamask with Dan Finlay, Web3 with Fabian Vogelsteller, How Aragon Manages DAOs with Luis Cuende and Smart Contracts with Raine Revere by Software Engineering DailySXSW Live Interview with Joseph Lubin by SXSWEpisode #36: The Empire Strikes Bitcoin and an Exclusive Interview With Joe Lubin by Blockchain InsiderCodePodcast on security with Yoichi Hirai, Matt Condon, and Santi Palladino by Code PodcastUnconfirmed: Insights and Analysis From the Top Minds in Cryptoby Laura ShinEpisode 5: Christian Lundkvist on Ethereum, Bitcoin, and Smart Contracts by Max SklarSocial Implications of Blockchain Infrastructure — Dr. Corey Petty by The Bitcoin PodcastChatting about consensus algorithms with Robert Habermeier and Talking security with JP Smith from Trail of Bits by Zero KnowledgeProject Updatesdistrict0x — The District Weekly — March 10th, 2018Augur — Augur Core Security Audit Report and Augur Weekly Development Update — March 14thDecentraland — DARs, NFTs, and the New ERC-721Done using materials from http://www.weekinethereum.comNEO EcosystemIn the news and blogsCity of Zion (CoZ) release Neon Wallet v0.2.0 and Morpheus Wallet v0.0.52 released with NEP-5, BTC, LRC and LTC support by neonewstoday.comCardano EcosystemIn the news and blogsIOHK Cardano Weekly Technical Report by Cardano HubIOHK | Dr. Peter Gaži, presenting Ouroboros at MIT. and IOHK | Cardano whiteboard; Cardano SL, George Agapov by IOHKHow Cardano can help development in Africa by John O’ConnorTezos EcosystemIn the news and blogsTezos Foundation partners with Obsidian Systems by Tezos FoundationRunning a Tezos node made ultra-simple (with RPI3) by maxtez-raspbakerTezos Update | Gevers Out | OCaml Partnership | Lunch? by CryptoLiveLeakCosmos EcosystemIn the news and blogsA New Technology Stack for Alternative Economics by TendermintTechnology Choices When Building Your Own Blockchain by Chjango UnchainedAdrian Brink — Scaling with cosmos, tender mint and plasmag by Asseth Stream1Rchain EcosystemIn the news and blogsRchain Community Debrief 68 by RChainQuantum Resistant Ledger (QRL) EcosystemIn the news and blogsSetting The Stage For Mainnet by Adam KoltunProgress Update! on TwitterNebulas EcosystemIn the news and blogsNebulas Weekly Report #20 by NebulasView release on GithubYou can also read this article on SteemitInterested in more analytics by cyber•Fund? Subscribe to our newsletter.Weekly News 11/2018 by Protocols (Ethereum, NEO, Cardano, Tezos, Cosmos, Rchain, QRL, Nebulas) was originally published in cyberblog on Medium, where people are continuing the conversation by highlighting and responding to this story.
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COSMOS Price Prediction Today: Daily (ATOM) Value Forecast – June 13

The short-term outlook is in bullish trend while the medium-term outlook is in a range-bound market. Traders may consider buying in the key area. ATOM/USD Medium-term Trend: Ranging Supply zone: $10.00, $12.00, $14.00 Demand zone: $4.00, $3.00, $2.00 ATOM continues in consolidation in the medium-term outlook. The bulls maintained the journey toward the upper supply […]
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Cosmos AMA on 8btc: No Blockchain Is an Island, To Be “Internet of Blockchains”

With the advent of numerous blockchains over these years, the lack of interoperability between blockchains has put a brake on the growth of blockchain industry. In such a context, cross-chain technology has grabbed great attention from the crypto community. As a prominent representative in the field of cross-chain technology, Cosmos, with the aim of becoming the “internet of blockchains”, has been the most talked about cross-chain project these days. On June 6, we (8btc) invited Cosmos’ core developer Sunny Aggarwal and its director of community Chjango Unchained to have an online AMA (Ask Me Anything) with the Chinese crypto community. The discussion mainly centered around four keywords of the project. Keyword 1: ATOM Q1: What’s the distribution of ATOM? And what’s the function of it in Cosmos ecosystem? Chjango: ATOMs are a staking token, which means it’s utilized as a digitized version of specialized hardware that simulates how GPUs, FPGAs, and ASICs are used for mining Proof-of-Work chains. Since the Cosmos Hub is secured entirely through Proof-of-Stake, there needs to be a token—in this case, the ATOM—that acts as a unit of voting power to act as the analogue to what would otherwise be hash power. Q2: Can every ATOM holder participate in Cosmos on-chain governance? How can they do that? Chjango: Every ATOM holder has the opportunity to participate in on-chain governance of the Cosmos Hub. They can do so easily via most wallet providers. Lunie.io is one fully-featured desktop wallet that lets you vote through its interface when you log in through your Ledger hardware wallet. In Bonded PoS (BPoS), you have somewhat of a “direct democracy” where the validator that you bond ATOMs to can vote on your behalf but if you disagree with their vote, you can simply override their vote with your own. A list of wallets that support Cosmos can be found on hub.cosmos.network, but keep in mind that not all of them have been audited and not all of them let you vote directly from their wallets. Q3: Good validating nodes can benefit ATOM holders, while malicious validators have the risk of losing Token, how to choose the best validator? Sunny: Look at things like their security setup, commission rate, social reputation, governance voting history, etc. Keyword 2: Cosmos SDK Q4: What function modules does Cosmos SDK cover in the application layer? Sunny: Some of the “core modules” that are included in the SDK are tokens, staking, governance, reward distribution, IBC, etc. However, there are many modules built by other chains that are constantly being built. We are working on a common repository to list all of these community modules. Keyword 3: Tendermint Q5: If the validators get more and more in the future, the network will get slower. Do you have any solutions for that? Sunny: Yes, couple of ideas: 1.BLS Signature Aggregation (can combine signatures as gossip layer so less network load)   2.Pipelined Tendermint (multiple tendermint rounds at once)   3.QUIC (Currently we use TCP for a lot of things we should use UDP/QUIC for) Q6: What are the advantages of Tendermint BFT? Sunny: The guiding principle of Tendermint Consensus is practical, fast finality BFT. Blocks are finalized after 1 block and byzantine faults are cryptographically attributable, allowing the malicious node to be slashed. Tendermint also allows a rotating block proposer every block and is optimized for operation over public p2p gossip networks, both of which are important for public blockchains. It’s not the most complex BFT protocol in the world, but it is very practical and simple. Tendermint Core is probably currently the only production-grade BFT consensus engine. Q7: Are there any solutions for Tendermint to avoid CartelFormation compared with Casper? Sunny: One of the nice things about a Cartel in Tendermint is that any cartel of less than 33% is pretty powerless, they cannot to anything malicious. We are working on incentives to make griefing your cartel easy and beneficial (the best way to stop cartels is to sow distrust). For example, we can make it that if you expose your cartel, you can benefit from it. Also, governance is a good anti-cartel mechanism and governance can also punish found cartel members. Chjango: To add to Sunny’s point about leveraging on-chain governance as an anti-cartel mechanism, Casper FFG faces the same risks as Tendermint in the face of collusion. Casper CBC, on the other hand, theoretically bakes in an anti-cartel mechanism via cryptoeconomic disincentives, but again, the benefit for CBC is that its algorithms are largely theoretical. Q8: Have you ever concerned about the issue of compatibility of safety, efficiency and decentralization, particularly decentralization, how to balance them? Chjango: You just brought up the tradeoff space that’s best known as Vlad’s triangle. Vlad Zamfir illustrates a fundamental tension between (fast finality, low communication overhead, low # of nodes), (slow time to finality, low communication overhead, large # of nodes), and (fast finality, high communication overhead, large # of nodes). If you want to maximize decentralization (high # of nodes), then you must trade off time to finality, which means you’re happy with higher block times (for safety). Tendermint, on the other hand, has high communication overhead (block headers are >4KB in signatures alone), is relatively more decentralized compared to alternative blockchains that run DPoS, yet has fast finality as a feature (low block times). There isn’t a costless way to get the best of all worlds outside of the physical limitations of this tradeoff space. Keyword 4: present and the future Q9: What’s the update of Cosmos these days? Are there any difficulties in developing? Chjango: Currently, core developers on the Tendermint team is soliciting input from projects that are going to be using IBC as their cross-chain solution. The repository for tracking IBC development can be found on github.com/cosmos/ics. We recently successfully separated the Gaia (Cosmos Hub) logic from the Cosmos SDK framework, making a clean separation between the Cosmos SDK and the Cosmos Hub. You can see the new Cosmos Hub repository live here: github.com/cosmos/gaia. On the business development end, the Tendermint team has worked with key projects (cosmos.network/ecosystem) to get complementary solutions out the door. The Interledger protocol, for instance, is a useful cross-chain payments solution that we think would benefit users of Cosmos SDK. The Interchain Foundation has started ramping up its grants program, of which the first batch of grants closed recently after receiving high demand. (It will open up for grant applications again later in the year after it processes the first batch.) Learn more about which projects are funded by ICF on interchain.io. ICF is funding many complementary projects like Thorchain which can help build out Interchain ecosystem initiatives such as the Cosmos <> Ethereum two-way peg. Q10: Do you have any future work plan in cross-chain smart contract and data privacy? Chjango: We highly encourage ecosystem contributors to build out smart contracting languages/VMs that are ecosystem compatible with Cosmos. While smart contracting and privacy tech like ZK-SNARKs and STARKs are not on the immediate roadmap for Tendermint team’s core developers, those are initiatives that the Interchain Foundation (ICF) grants funds for other teams to build. There are currently projects in the pipeline that have applied for funding. Kadena for example has applied for a grant in order to integrate their smart contracting language, called Pact, into Tendermint. This may in turn develop into work that enables developers to spin up Pact Zones within Cosmos, which would effectively be smart contracting chains that could interoperate with the rest of the Cosmos Network. Q11: At present, you are focusing on the value transfer through the blockchain. Do you have any roadmap for information transfer? Sunny: Yes, IBC is designed to be generalizable enough so you can transmit different types of data on top of it. It will be like how there are higher level protocols like HTTP, SMTP, FTP, etc on top of TCP/IP. Same way, on top of IBC there will be different protocols. We are starting with Token Transfer Protocol, but will also want to add more like NFT, oracle data, Agoric, etc. Chjango: The first iterative step is to make value transfer across chains secure. Over time—and this is where the roadmap gets fuzzy—general data transfer, NFT transfer, smart contract calls, etc. could be done over IBC, but those functionalities need to be built out one step at a time. It is a goal in the long term and is the end-state of IBC, so yes. Q12: What’s your roadmap? And what will you do for the community next step? Chjango: There’s currently a very high-level roadmap at cosmos.network/roadmap. The biggest milestone we’re aiming to cross is deploying Interblockchain Communication. Since IBC is the dependency that all of our other projects need in order to work, it needs to be completed first. After IBC, we can build a working Peg Zone, we can have Ethermint, and most importantly, we can have cross-collateralized chains with the Cosmos Hub. The last one is the most interesting milestone to me: cross-collateralized chains. This is distinct from shared security in that you’re not using the same validators to validate your chain, as in Polkadot or ETH 2.0, under the same virtual machine, but your chain could essentially be collateralized in ATOMs so that if any malicious activity happens on your chain, those malicious actors will get slashed in ATOMs.
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Cosmos Is Among “Most Successful Investments” For VC Fund

The crypto world might be maturing, but that doesn’t mean the wild gains are over. A cryptocurrency investment firm has realized fifty-fold returns from the Cosmos (ATOM) blockchain – one of their most successful investments to date. London-based KR1 has sold just over 70,000 ATOM tokens for an average price of $5.14, raising more than $360,605 in total. Considering the initial investment was around $7,000, that means KR1 saw a cool gain of 5,150%. Cosmos is an intermediary layer that allows information and transactions to move across otherwise independent blockchains. Tendermint, the company responsible for Cosmos’ development, described it as the “internet of blockchains” at its mainnet launch, and our Chief Code Reviewer, Andre Cronje described the project as ‘fantastic’. ATOM tokens are used to validate the network. Holders stake their tokens with block-producing delegates, in exchange for a share of the block rewards.  KR1 began staking tokens when they were released on May 1st and has generated more than $122,000 from staking yields. ATOM tokens have experienced a significant increase in price, as has much of the crypto market. They traded at approximately $4.20 at the release date, but prices have since risen well above the $6 mark. ATOMs traded at $6.20 at the time of writing, a 50% increase in just over four weeks.   ATOM’s price has risen steadily since May 1st. Source: CoinMarketCap   Founded in 2016, KR1 has invested in more than 35 different blockchain projects, including the likes of OmiseGO (OMG), Golem (GNT) and Elastos (ELA), all at seed-level. KR1 shares are publicly traded, in much the same way as Berkshire Hathaway’s. Through shareholder dividends, retail investors can realize returns that are normally limited to high net-worth and institutional players. Speaking to Crypto Briefing, CEO George McDonaugh described the “very successful” ATOM investment as an important experiment in how companies, like KR1, can create additional revenue streams. “It comes down to how you manage your asset,” McDonaugh said. “[W]e decided on this occasion, rather than sell it immediately, to keep enough back in order to enjoy the staking rewards.” KR1 remains “one of the few publicly listed companies in the world that is invested in staking tokens,” said McDonaugh. The company will continue to retain the majority of its ATOM staking position. While McDonaugh is bullish on the possibilities of token staking, he says that the industry would benefit from longer lock-up periods. When tokens are released weeks after the public sales, he says, speculators can sell them straightaway and cause significant price disruption for investors committed to the project. ATOM tokens were unlocked more than two years after the ICO. So far, staking activities are proving a worthwhile revenue stream for companies like KR1.   The post Cosmos Is Among “Most Successful Investments” For VC Fund appeared first on Crypto Briefing.
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COSMOS Price Prediction Today: Daily (ATOM) Value Forecast – June 12

The medium-term outlook is in a range-bound market while the short term is in an uptrend. Buying may be considered in pullback areas. ATOM/USD Medium-term Trend: Ranging Supply zone: $10.00, $12.00, $14.00 Demand zone: $4.00, $3.00, $2.00 ATOM remains in consolidation in the medium-term outlook. The bears' pressure was lost during yesterday session despite a […]
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Crypto firm KR1 cashes in USD $360K worth of Cosmos (ATOM) tokens

Crypto and blockchain asset investment firm, KR1, announced today an update on its portfolio holdings, informing that it has sold 70,079 tokens from the Cosmos Network (ATOM) project at an average price of USD $5.14 per token generating proceeds of USD $360,605. These ATOM tokens were acquired at an average price of USD $0.10 per […]
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XRP Spikes 10% on Ripple MoneyGram Partnership News

Big partnership announcements have been thin on the ground for many of the major crypto companies recently. That changed for Ripple a few hours ago when the firm announced a strategic partnership with one of the world’s largest money transfer companies, MoneyGram. XRP Climbs 15% in a Week Compared to bitcoin and litecoin, XRP has been asleep for the past two months. Even Ethereum has outperformed it in terms of percentage gains. That all changed a few hours ago when XRP awoke from its range bound channel at $0.42 and surged almost 10% to hit an intraday high just over $0.46. A minor pullback followed in the hours after the announcement but XRP is still one of the day’s top performers. XRP price 1 hour candles – Tradingview.com XRP 00 has climbed almost 15% over the past week as it was trading just under $0.40 this time last Tuesday. Daily volume has just topped $2 billion as XRP market capitalization approaches $20 billion. The gap to ETH in second place is still $10 billion in terms of market cap, however. It has been one of the best weeks for XRP in terms of gains as the Ripple token has only made 27% since the beginning of the year. Big Partnership Driving FOMO The San Francisco based firm announced the partnership on its company blog late last night. It stated that the initial partnership will last two years during which Ripple will become the key partner for MoneyGram’s cross border payments and foreign exchange settlements. A substantial capital commitment of $50 million has also been pledged by the blockchain company enabling MoneyGram to draw it over a two year period in exchange for equity. Ripple’s xRapid system will be deployed for the partnership. It facilitates on-demand liquidity enabling instant transactions by reducing reliance on pre-funding. The XRP token will be used as the ‘real-time bridge’ between different currencies. Ripple CEO, Brad Garlinghouse, stated; This strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency. This is a huge milestone in helping to transform cross-border payments and I look forward to a long-term, very strategic partnership between our companies. MoneyGram has a $600 billion global remittance market supporting multiple currencies in more than 200 countries. Traditional forex markets requiring advance purchases are currently used for international transfers. The partnership and leverage of Ripple’s native token are expected to reduce costs and increase transfer speeds for the firm. Alex Holmes, MoneyGram Chairman and CEO, added; Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management. Will XRP hit $0.50 this week? Add your comments below. Images via Shutterstock, Tradingview.com The post XRP Spikes 10% on Ripple MoneyGram Partnership News appeared first on Bitcoinist.com.
Bitcoinist

XRP Gains 5% as Ripple Forms Strategic Partnership with MoneyGram; Last Resorts for Both Firms?

Ripple bought a share issue from MoneyGram worth $30 million at $4.10 per share to acquire 8-10% of the company. MoneyGram would also have an option of infusing another $20 million over the next two years. A strategic partnership will now ensue where Ripple will become the critical service provider for cross-border payment and foreign exchange settlement using digital assets. The digital asset they will be leveraging is Ripple, using Ripple’s xRapid Product. This partnership is a massive step towards the vision with which Ripple began, and investors put money is XRP. Also Read: Ripple Fathers’ Day Gift Propels It Past $0.4400 as Bulls Return Until now, MoneyGram has had to use banking services to provide settlements for payments they initiate. Due to the difference in time of settling payments, MoneyGram has to take loans to increase the required liquidity. However, by deploying xRapid, they will now be able to leverage XRP’s liquidity to provide cheaper and faster settlements. MoneyGram Chairman and CEO, Alex Holmes noted, “Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.” MoneyGram reported a net loss of $24 million in 2018 compared to a net loss of $29.8 million for the fourth quarter of 2017. The money transmitting service provider has been working towards developing, and 2019 will be part of the roadmap. Hence, the success of this strategic partnership is crucial for MoneyGram. Also Read: Bitcoin Vs Facebook Coin: Should Bitcoin Hodlers Care About Facebook Coin? Currently, MoneyGram works independently by leveraging money from banks. Ripple CEO Brad Garlinghouse told the media,  “This will eliminate the need to deploy foreign bank accounts. That’s why MoneyGram has negative working capital. It will help customers and also smooth out their treasury operations,” XRP/USD 4-Hour Chart on Bitstamp (TradingView) Moreover, while XRP recorded gains around 5%, it rose from $0.43 to a reach high at $0.46. Notably, a partnership like this back in 2016 or 2017 would have likely propelled the price by 30%. This can be attributed to an apparent decrease in the use case for MoneyGram itself. Digital payment is quickly becoming more accessible than ever with major firms working on implementing or integrating digital currencies on their respective platforms. Facebook is the most prominent example of it. Do you think MoneyGram and Ripple will be able to increase their volume and user base in the current environment? Please share your views with us.  The post XRP Gains 5% as Ripple Forms Strategic Partnership with MoneyGram; Last Resorts for Both Firms? appeared first on Coingape.
CoinGape

Ripple Partners MoneyGram to Enhance Cross-border Payments with XRP

Ripple has secured another major partnership with international money transfer company MoneyGram. This will allow the company to use Ripple’s native token XRP to provide liquidity for international payments to MoneyGram customers. This is in a bid to enhance the speed and efficiency of the payment system that MoneyGram operates. In an interview with Fortune on the partnership, Ripple CEO Brad Garlinghouse said: “This will eliminate the need to deploy foreign bank accounts. That’s why MoneyGram has negative working capital. It will help customers and also smooth out their treasury operations.” The partnership also gives Ripple an 8% to 10% stake in MoneyGram by paying $4.10 per share. This, however, does not give Ripple a voice in the dealings of MoneyGram for now as part of the agreement. MoneyGram, on the other hand, will have the opportunity of reviving its financial standing from Ripple’s investment which it direly needs after its share price crashed significantly.  It will also increase the efficiency of the payment platform, the management said. “We are very pleased with the terms of the Ripple investment which supports the Company with permanent capital and additional liquidity,” Larry Angelilli, chief financial officer of MoneyGram, said in a statement. “This partnership also provides MoneyGram with the opportunity to improve operating efficiencies and increase earnings and free cash flow,” Larry Angelilli, the chief financial officer of MoneyGram said. Ripple is the leader in remittance services as far as the blockchain industry is concerned. Its xRapid is second to none in terms of transaction efficiency and speed. With the new partnership, XRP which will be used for liquidity will be exposed to MoneyGram’s customers in over 200 countries globally. MoneyGram is the second largest provider of money transfer services in the world and while partnering with Ripple will ensure better service delivery to its customers, it is also a huge breakthrough for Ripple which has been looking to expand its reach further into the world. With hundreds of clients using Ripple’s payment platform, the company has grown significantly thus improving the international remittance settlement market by improving customer experience in conventional financial institutions. The post Ripple Partners MoneyGram to Enhance Cross-border Payments with XRP appeared first on ZyCrypto.
ZyCrypto

Ripple (XRP) enters key partnership with MoneyGram; invests $30 million

Ripple (XRP) enters key partnership with MoneyGram; invests $30 million - CryptoNinjas MoneyGram, a global money transfer company, announced today it has entered into a strategic agreement with Ripple (XRP), the provider of enterprise blockchain solutions for cross-border payments. The deal will enable MoneyGram to utilize Ripple’s xRapid product, leveraging ripples (XRP) in foreign exchange settlement as part of MoneyGram’s global payment process With an initial term […] Ripple (XRP) enters key partnership with MoneyGram; invests $30 million - CryptoNinjas
CryptoNinjas

Ripple Announces Game-Changing Partnership With MoneyGram

By CCN Markets: Ripple announced a partnership with money transfer giant MoneyGram today. Two Year Exclusive Agreement, Ripple and MoneyGram According to Ripple Labs, a two-year partnership has been struck with MoneyGram which makes Ripple its exclusive digital assets partner. The purview of Ripple’s use case here might be more limited than expected. It depends on how many of the transactions are sent and received using Ripple’s technology and how much they’re worth. Whatever the case, the partnership doesn’t, for example, mean that you’ll be able to buy and sell XRP at any MoneyGram location. Something along those lines would The post Ripple Announces Game-Changing Partnership With MoneyGram appeared first on CCN Markets
CCN
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