Decentralization

the transfer of authority from central to local government

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Decentralization Is Not the Answer

These are turbulent days for crypto. The price of Bitcoin on Coinbase dipped to $3300 in early December, its lowest point since August 2017. The amount of capital raised through ICOs has declined in the second half of 2018, and the flow of U.S. money into new ICOs dried up well before that. The specter of enforcement looms over the entire space, the U.S. increasingly becoming one of the loudest contingents, following China’s and South Korea’s more Draconian approach to the space. The regulators have mobilized, and the public can hear the pounding of the drum. Indeed, the action in the U.S. has already started. Two ICOs that did not register their token sale, Airfox and Paragon, recently settled with the SEC and paid hefty fines for selling unregistered securities to investors. Similarly, on November 8th, EtherDelta made headlines when it became the first to be charged with operating an unregistered exchange because the majority of tokens trading today are securities. In September, the New York Attorney General posted a report on these virtual markets. EtherDelta will not be the last crypto exchange to face legal ramifications for the way they conducted business. Both entrepreneurs and investors are now wary of how enforcement will play out, though they may not have been a year ago. As a result, the market slowed. An Inevitable Collision The reality is that there would inevitably have been friction between blockchain and government regulators. First, you have decentralization. The ability to transfer assets peer-to-peer, no middlemen, no controls. The mentality of “why shouldn’t I be able to sell something I own to whomever I want if I deem the price fair?” After all, this is how economies have historically functioned, and in many places, bazaars and open-air markets are still widely used along with the barter system and cash transactions. The second reason for this is protection. When we are talking about the movements of small amounts of money no one cares—including the regulators. Buy, sell, do whatever you want. No one is going to ask any questions. This was the state of crypto for many years. It was too small to be a matter of any consequence. However, the shift comes as the sum of money involved increases to millions, hundreds of millions, even billions of dollars. At a certain point, everyone cares. If it’s your money, you want to know that it’s protected, whether in a safe investment or secure storage. If it’s someone else’s money, and on a large enough scale, somewhere, a government or regulatory body will start asking questions. As of November 28, crypto had a market cap of $141B with a 24-hour trading volume of $20B. Cut Bitcoin from the conversation, and you are left with a market cap of $65B and a trading volume of $13B, roughly half of the total market. That’s a lot of money moving around with few monitors and restrictions. Once you look more closely at that money, a troubling issue starts to appear, and that issue lies at the point of conversion from fiat to token: the ICO. It turns out that the ability for an “entrepreneur” with little business experience to raise tens of millions of dollars through an ICO is probably not good. The failure rate of ICOs is well-documented, and notably worse than the failure rate of a traditional startup. Money is disappearing—or being squandered—on a massive scale, and too little of the capital involved is used for actual business development. A percentage of this failure rate can be attributed to scams and bad actors tricking people into buying their token, but there is another side to the equation: honest, enterprising entrepreneurs. These are arguably naive entrepreneurs who raise money through an ICO, but raise more than they know what to do with. For example, a software engineer with a dream, a white paper, and no actionable business plan raises $25M with an ICO. What do they do with that much money? They just skipped seed funding and a Series A round and went straight to a Series B—yet they don’t have a functioning product or user base? The logic doesn’t follow, and it also puts these entrepreneurs in situations where they may burn through cash at a rate less than prudent—setting themselves up for failure. The flaws of traditional funding are the subject of another article (and certainly something I believe needs improvement as, full disclosure, I am the co-founder & CEO of an STO platform).  However, there is something to be said for funding rounds. There is a reason companies don’t raise so much capital all at once, particularly when the company in question is small. Most startups fail, that’s no secret. So why give $25M to an unproven concept? In fact, savvy investors would not, and now we reach the heart of the issue. The reason regulatory bodies care about crypto is because retail investors are participating and speculating in these markets. Speculation is key here as consumer behavior points to the fact that these crypto tokens, coins, currencies—however you classify them—are securities, not utilities or anything else. The SEC is mandated by legislation to protect retail investors so that markets are fair and investors are protected. This mandate has been in place since the Great Depression (which was caused by retail investors participating in speculative investments). As the crypto market stands, there are no protections, very few buzzy terms like KYC and AML, and little, if any, disclosures about the investment itself. It’s no surprise that the regulators are coming to break up the party. A Path Forward Once enforcement takes place, and the market matures around regulated bodies, the landscape will be drastically different. There will certainly be rescissions, in which those who conducted ICOs refund the money to investors (if they are able). Perhaps they will offer their ICO again within securities laws, perhaps not. For those that can’t offer rescissions, there will likely be lawsuits, fines, and possibly jail time. However, there is also a path forward for tokens within regulation. Just because blockchain enables decentralized networks doesn’t mean that everything should be decentralized or that the decision is binary. Blockchain creates benefits in centralized networks, too. Decentralization is not the answer for everything, and I would argue it’s not the answer for securities, either. Tokenizing securities has numerous benefits, among them decreased costs, greater ease of transfer, and faster settlement times (for an in-depth look at the benefits, see Stephen McKeon’s The Security Token Thesis). Plus, with the JOBS Act, security tokens can be sold to the general public in much the same way that ICOs have been conducted. They just need to disclose more information to investors, which costs a little bit more than the do-whatever-you-want method. No surprise there, but those costs are manageable. In secondary markets, however, things get more interesting. Creating fair markets is hard enough. How can a decentralized exchange prevent pump and dumps, where groups of investors buy and sell together to manipulate prices, or wash trading, in which an individual or small group trades back and forth amongst themselves creating a false sense of liquidity in order to lure in unsuspecting investors? Even if smart contracts could provide solutions for these issues (and that is a big if), the regulations around the trading of securities mean that secondary markets for these tokens are far more complicated than what a decentralized exchange can handle. They require an oracle, some centralized source of knowledge that is aware of everything in the market: who, what, where, when, and why. Closer examination of a few of these regulatory requirements makes clear why decentralized peer-to-peer trading isn’t an option for securities: Rule 144 – This rule states that a company executive or a shareholder with 20 percent ownership, or more, cannot trade more than 1% of all of the shares outstanding—or the average weekly trade volume for the previous four weeks—inside a three-month window. A decentralized exchange cannot know this unless it is identifying customers and monitoring trades, which consequently requires a degree of centralization. Therefore, a decentralized exchange cannot stop trades that violate the rule. 12g – This rule states that if a company has over 2,000 accredited investors or over 500 non-accredited investors, it has to become a fully public reporting company. This is incredibly expensive and is a non-starter for small companies. This is a problem for ICOs, as the point of a token sale is to create a large base of token holders for liquidity. However, there’s good news: if a company uses Regulation Crowdfunding or Regulation A to conduct the ICO (which is how you would conduct a public sale of security tokens), the company is exempt from 12g. Tens of thousands of investors could own shares in a company, and that company would not have to become public. However, there is a caveat to both Regulation Crowdfunding and Regulation A. Both regulations require that the company uses a Registered Transfer Agent (RTA) for secondary trading, and this agent must be registered with the SEC. This means that the tokens could not trade on a decentralized exchange at all, as every trade would have to go through an RTA. A blockchain could reflect the results of the trade, but the RTA—not a smart contract—must execute the trade. This is why we have developed ERC-1450 at StartEngine, a new security token standard on Ethereum, that eliminates the peer-to-peer transfer function of ERC-20 tokens. Unlike most tokens, ERC-1450 tokens cannot be traded peer-to-peer directly. Instead, ERC-1450 communicates with an RTA before completing any trade in order to comply with Regulation Crowdfunding and Regulation A. People first looked at blockchain as a means to radically transform markets. Blockchain has the potential to make existing markets more efficient, more transparent, and more liquid. Just because something can be decentralized doesn’t mean it should be. If the very ideal behind decentralized systems is the concept of fair markets and equal access, then there should be some sort of regulator to ensure that fairness and equality exist in the market. This is the purpose of securities laws. The post Decentralization Is Not the Answer appeared first on CryptoSlate.
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XRP Ledger decentralization grows as Ripple controls less than 30% of validator nodes on the UNL

Opinion: For long, the naysayers of the XRP Ledger have stated that the blockchain is centralized around Ripple, a company focused on solving for cross-border payments. Recently, however, the coin has achieved another level of decentralization, with only 27% of the validator nodes being controlled by Ripple on the default Unique Node List [UNL]. This translates into a higher degree of trusted third-party use of the XRP Ledger, thus spreading away control from Ripple, who used to control a majority of the validator nodes on the network. Another reason that many give to say that the network is centralized is that Ripple controls a majority of the supply of XRP, around 53 billion of it. However, this is locked up in an escrow smart contract, which means that Ripple cannot withdraw it as and when they please. The contracts expire every month, upon which Ripple can utilize the 1 billion XRP that had previously been locked up. Even if a situation arose wherein Ripple wanted to take the XRP out of the escrow, the transaction taking the coins out would have to be validated and approved by 78% of the remaining nodes. Now, with the decreasing number of Ripple validator nodes on the XRP UNL, it would become simply impossible for Ripple to forcibly remove XRP from escrow, thus taking away control of the “centralized” supply of the coin. With that being said, some of the new validators running on the UNL include Alloy.ee, an application hosting service specializing in hosting productivity applications, Bitso, a digital asset exchange and xRapid partner, a global Information and Communications Technology Services Provider called NTT Communications and Coil, a company based around utilizing the InterLedger Protocol and XRP to deliver micropayments to content creators on the Internet. Other validators are run by BREX, a company providing real-time access to structured and official commercial register data, Bahnhof, a Swedish Internet Service Provider [ISP], and Business Register Exchange, a company that delivers a powerful API to give its customers instant access to global commercial register data. Companies such as Worldlink, a global technology firm providing talent, consulting and management solutions, and AT TOKYO, a leading company in the data center industry also run a validator on the recommended UNL. Other validators can be identified as those being run by XRP Community members, as seen by Bithomp, a website maintaining a blockchain explorer for the XRP Ledger, Rabbit Kick Club, a website dedicated to running a node, and one validator each for XRP Community-based projects such as XRPChat and XRP Tip Bot. There are also validators run by various universities around the world and are a part of Ripple’s University Blockchain Research Initiative [UBRI]. These include the University of Nicosia in Cyprus, the Korea University Blockchain Security Research Center, and the Information and Telecommunication Technology Center at the University of Kansas. All in all, this provides an important move forward for Ripple and the XRP Ledger, with regulators seeing the divide in between the two. Moreover, it makes XRP more secure, as the nodes are now geographically and jurisdictionally separate. The post XRP Ledger decentralization grows as Ripple controls less than 30% of validator nodes on the UNL appeared first on AMBCrypto.
AMBCrypto

The importance of decentralization

If you cast your mind back to the early days of the Internet, many of the services were built on open protocols owned by the Internet community. Big platforms like Yahoo, Google and Amazon started during this era, and it meant that centralised platforms, like AOL, gradually lost their influence.During the Internet’s second growth phase, which largely started in the mid-2000s, the big tech companies like Google, Apple, Facebook and Amazon built software and services that left open protocols trailing behind. The skyrocketing adoption of smartphones helped propel this as mobile apps started to dominate the way we used the Internet. And, even when people did access the open protocol that is the worldwide web, they usually did it through the medium of Google and Facebook etc.On the one hand, people worldwide benefited from free access to cutting edge technology, but on the downside, startups couldn’t grow their Internet presence without worrying that one of the centralised platforms, like Google, would simply change the game plan and take away any chance of growing an audience and making a profit. This has stifled innovation and in many ways made the Internet less interesting. And, there is a global political aspect to the dominance of centralisation, which we have seen most clearly in the emergence of ‘fake news’ that has turned some social hubs into battlegrounds.The third age of the InternetAnd so we arrive at the third age of the Internet. And as Chris Dixon says in his incisive article on Medium, crypto-economic networks, which in turn owe their existence to the networks developed by Bitcoin and Ethereum, will enable its further evolution. Dixon says: “Cryptonetworks combine the best features of the first two Internet eras: community-governed, decentralized networks with capabilities that will eventually exceed those of the most advanced centralized services.”The case for decentralisationFirst let’s look at the problem with centralised platforms. They have a predictable modus operandi, such as a big drive to recruit users, adding third-party developers and media organisations, and as they grow, so does their power over users. Dixon quite rightly says that when they hit the top of the S curve, “their relationships with network participants change from positive-sum to zero-sum.” And for the third-party platforms, the game has changed from cooperation to competition. So, all the entrepreneurs n the third-party community start to shun the centralised platform.Now enter the decentralised cryptonetworks. Dixon defines them as: “networks built on top of the internet that 1) use consensus mechanisms such as blockchains to maintain and update state, 2) use cryptocurrencies (coins/tokens) to incentivize consensus participants (miners/validators) and other network participants.”Cryptonetworks are also able to maintain a level of neutrality that the centralised platforms can’t offer, and don’t want to either. Plus participants and users are given a voice through the community governance of these decentralised networks. This is available, “both “on chain” (via the protocol) and “off chain” (via the social structures around the protocol). Participants can exit either by leaving the network and selling their coins, or in the extreme case by forking the protocol.”To sum it up: cryptonetworks align network participants to work together toward a common goal — the growth of the network and the appreciation of the token. That’s why they just can’t keep Bitcoin and Ethereum down, no matter how much they try, because there is a community that believes in it.The importance of decentralization was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Bitcoin ETF News, XRP, ETH, XLM TUSD Pairs, NEO Decentralization & New IOTA Partner

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Bringing True Decentralization to Ethereum (ETH): Infura Has Got to Go

For a long time, Infura has been one o Ethereum's most popular, but also most controversial, technologies. It is responsible for handling over 13 billion code requests every day, and it also allows developers to enter the blockchain without running a full node. However, according to experts, it is also the reason why so many dApps were created on ETH network, due to the simplicity of interaction. So, what is the problem? Well, the problem is that Infura is operated by one single provider, which is the ConsenSys development studio. Not only that, but it also relies on Amazon's cloud servers. As such, many consider it to be the weak spot of the Ethereum network, one that might bring to its failure if left unresolved. Simply put, every dApp that has any connection to Infura would stop working if Infura was ever turned off. This is a big concern, and while Infura's contribution to ETH ecosystem and its importance to the network is undeniable, a centralized service cannot be allowed to serve as a pillar of the developer community. This is why numerous developers have decided to try and distance Infura from Ethereum by attempting to bring forth decent alternatives. However, while there have been numerous attempts to achieve this, a proper method that can fully replace Infura has yet to emerge. dApps Depend On Infura Right now, there are around 11,803 full nodes on Ethereum. About 5-10% of them are Infura-based. However, Infura is under constant maintenance, which makes it highly reliable, and also more than capable of handling huge amounts of traffic. In other words, the issue is not how Infura does its job. The problem lies in the fact that it is a centralized service. The reason behind using a service like this is its ability to handle large quantities of data in the first place. A full active node on Ethereum needs to be able to handle as much as 1 Terabyte of data, which is clearly much more than a regular laptop can handle. By using Infura, developers can focus on the software, and not worry about hardware or storage. The same is true for users who often use a tool called Metamask for holding their coins. Metamask depends on Infura just as much, which means that almost all dApps do too. Another issue regarding Infura is privacy, as it uses Amazon's storage. Also, if Amazon ever decided to cut ties, most of the functioning dApps on Ethereum would stop working. Reaching True Decentralization As mentioned, there are numerous attempts to reach an alternative to Infura and cut the network's dependence on it. One such potential solution is a new code library called LightJS, which was released by Parity Technologies. The goal is to convince developers to create light clients instead of relying on Infura. Light clients require less storage and less dependence on hardware, while the degree of decentralization increases. The hope is that less and less future dApps would choose to connect to Infura, and would instead go for light clients. Other projects that are trying to reduce dependence on Infura include VIP node, Dappnode, D-node, and others, all of which aim to convince people to run their own full node. Many believe that this is not already the case as there are no rewards for running full nodes. This is something that VIP node aims to change, and hopefully, attract developers. D-Node aims to create a market between node operators and developers, but it also wants to decentralize their economic relationship. To achieve this, it uses DAO — Decentralized Autonomous Organization. As for Dappnode, it was created in order to allow developers to set up their local networks and design it in a way that will make dApp deployment easier. Some of these projects, especially VIP node, also receive funding from Infura itself. Solving The Problem ConsenSys, the firm behind Infura, is also one of Ethereum's largest startups. It also announced that it is funding an Incubator project, which is to cut Metamask's dependence on Infura. And even Infura itself is attempting to help by adding different cloud providers so that Amazon would not be in full control of all ETH dApps. Everyone is trying to add more decentralization to Ethereum, even Infura itself. It originally became popular thanks to the nature of Ethereum's platform, which is capable of producing and executing dApps instead of just using the cryptocurrency for making transactions. In addition, the hardware is of great importance for Ethereum network, as Ethereum also stores a sum of all computation that happens on the platform. This is called “state”, and it keeps growing as more users interact with the platform. This makes hardware more expensive, as well as more difficult to use, which also doesn't encourage users to get involved. These issues have been noticed and recognized a long time ago. While different methods were developed in order to resolve them, they all have their own flaws that need addressing. Even Ethereum's co-founder, Vitalik Buterin, proposed a method of fixing some of these issues which comes down to rewriting the underlying incentive so that users would get rewards for running a full node. This is one of the changes that were included in a new upgrade called Ethereum 1x, which is expected to be implemented at some point in 2019.
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Ethereum’s Ecosystem is Riddled with Centralized Products but Decentralization is Ready To Replace

The release manager for the Parity Ethereum client, Afri Schoedon had a few things to say about Infura, Etherum’s most famous tech. He stated: “If we don’t stop relying on infura, the vision of Ethereum failed. So let’s either decentrlize infura-like services as denode or dappnode does. Or build a strong network of thin and light clients. There is no point in having d-apps connecting through metamask to a blockchain hosted by someone else.” Building a decentralized future is about more than tokenomics or cryptography, institutional adoption or even regulation. For Ethereum and the entire blockchain ecosystem to grow, it falls on the community to build the infrastructure components that keep the network running. Across the Ethereum network, there is a need for utilities that lower the barrier of entry and simplify access to Ethereum data. Among the most essential of these are Infrastructure-as-a-Service (IaaS) products. Many of the blockchain space’s most remarkable projects — Metamask, CryptoKitties, UJO, Radar Relay, Cipher Browser, uPort — utilize Infura’s APIs to connect their applications to the Ethereum network. In doing so, Infura provides the fundamental infrastructure required to handle both the short-term spikes that can often occur during token launches and essential, longer-term scaling solutions. An average of 6.5 billion JSON-RPC requests per day on the Ethereum network is channeled through Infura infrastructure, making the project an essential pillar of the ecosystem. They claim to be handling 13 billion code request per day. Although there is a huge problem about centralization in Infura. The entire operation of Infura is just handled by one provider, ConsenSys. The cloud server they rely on is hosted by Amazon. This essentially means there is a single point of failure. Michael Wuehler, the co-founder of Infura said: “If every single dapp in the world is pointed to Infura, and we decided to turn that off, then we could, and the dapps would stop working. That’s the concern and that’s a valid concern.” Forthmentioned Schoedon is not the only one who holds similar views. Many feel that their has to be something done to decentralize similar product which can act as alternatives. And, Infura is not the only product. Products like light clients, Turbo Geth and Infura are questioning the very basis of decentralization of Ethereum. “One of the issues that we’re facing in the space today is that decentralized application development is happening through centralized services,” Yalor Mewn, communications officer for Dappnode added. Even though there is a problem with centralization, it doesn’t say that currently, Infura nodes are not reliable. They handle somewhere between 5-10% of Ethereum’s 11,803 full nodes. There is a risk of single point of failure with Infura. Operating a full node permits clients and developers to have highly confidential activity local. However, Infura accumulates data from their customers. There are alternatives Taking an example of Parity Technologies, they have launched a code library for development of light clients which is called Light JS. Parity Bitcoin is published under a GPLv3 open-source license which encourages developers to contribute new features to the rustlang-based software stack. The strict copyleft license does not only allow organizations and companies to use and modify the code but also enforces code changes to be contributed back to the open source community. Parity Bitcoin does not favor any scaling approach or any chain fork rule over another; at the same time, users of Parity Bitcoin can decide which version of Bitcoin they wish to run. Even Michael Wuehler realizes that the popularity of his product is at stake. Although he defends Infura by saying these problems are inherent to Ethereum. He says: “We didn’t create the problem, we are just a Band-Aid on the problem. We are just providing a solution that is needed.”
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For 280 characters, the Twitter ‘inhabitants’ are sometimes even too chatty: so, here are the passions around the new HTC phone, Vitalik Buterin thoughts on the convenience of crypto for people, and the BCH one-year birthday

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Ethereum HARD FORK 2019? Biggest Challenge in Crypto...

Let's discuss the Constantinople hard fork that is now scheduled for January. Also, I want to discuss the biggest issue the crypto ecosystem faces in the coming years. https://toshitimes.com/trons-ceo-to-rescue-eth-and-eos-developers-as-their-platforms-collapse/ https://news.bitcoin.com/text-enabled-bch-payments-now-available-in-35-countries-with-cointext/ https://toshitimes.com/ethereum-developers-reach-new-agreement-to-launch-constantinople-hard-fork-in-mid-january/ https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-92ba4ab7f4653 GET FULL ACCESS TO THE ACADEMY: https://christmas.ivanontech.com LET’S MEET IN NEW YORK: https://www.facebook.com/events/452734075131412/ 💰 GET $10 TO BUY YOUR FIRST CRYPTO: https://www.coinbase.com/join/59d1738ff36136022bd9ee10 🏆 BUY PHYSICAL BULLION GOLD: http://www.bullionvaultaffiliate.com/ivanli/en 📈 BEST ALTCOIN EXCHANGE: https://www.binance.com/en?ref=35933746 🔐 BEST WALLET: https://www.ledger.com?r=5a56aa023b40&tracker=IOT Good Morning Crypto 🎓 LEARN SMART CONTRACT PROGRAMMING http://coding.ivanontech.com 🎓 Join my online academy https://academy.ivanontech.com 👬 Join the crypto discussion forum - https://forum.toshitimes.com 📣 Join Telegram channel https://t.me/joinchat/AAAAAE2xJE4l8xhC8MU4cg 🎤 If you would like me to speak at your conference, book me here: https://ivanontech.com #bitcoin #blockchain #ivanontech 👫👭👬Social: LinkedIn: http://linkedin.com/in/ivanliljeqvist/ Instagram: http://instagram.com/ivanontech/ Steemit: https://steemit.com/@ivanli Facebook: http://facebook.com/ivanontech/ Exclusive email list: http://eepurl.com/c0hyc9 DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make. Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins. Ivan on Tech by Ivan Liljeqvist
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Brave Browser Confirmed as HTC Exodus’ Default Web Browsing App

HTC is resolved to win the race for the best blockchain phone on the market. Its commitment to the community seems to be genuine and not only have they bet on accepting payment exclusively in cryptocurrencies to promote their use but also decided to include third-party software that makes use of these technologies. In a tweet published a few hours ago by Mr. Brendan Eich, CEO of Brave Software, he expressed his satisfaction after confirming HTC’s decision to include Brave as the Exodus’ default web browser. We are very happy to have @Brave as default browser & to be working with HTC on their Exodus phone: https://t.co/J5WQrqODKa — BrendanEich (@BrendanEich) December 8, 2018 Brave Browser: Using Basic Attention Token (BAT) To Create a Better Internet Brave Browser uses blockchain technologies to improve the user experience and change the way content providers relate to consumers. The idea is to make browsing faster and more convenient by rewarding not only users for consuming content but also giving them the ability to benefit content creators. “Once you enable Brave Rewards, the Brave browser automatically and anonymously keeps track of sites each user visits. The more times that a user visits a site, the larger the proportion of the user’s monthly contribution is “ear-marked” for that content creator. When contributions for a content creator exceed $100.00 USD, an email is sent to both the webmaster of the site and the registered domain owner from your WHOIS information. The email explains how to verify the ownership of your website with Brave Software.” The token used by Brave Browser is the Basic Attention Token (BAT), a cryptocurrency that has recently gained considerable popularity, especially after the announcement that it has been supported by Coinbase to be traded on its platform. #brave the new browser from @BrendanEich @brave wants to reward users with #cryptocurrencies to see ads and make browsing cleaner and safer #DMT18 pic.twitter.com/eUnPFBjW6W — ralfscharnhorst (@RalfScharnhorst) December 6, 2018 Blockchain-Phones: The New Trend For its part, the HTC Exodus 1 Phone is a phone created by HTC with blockchain technology focused on those users who want to manage their crypto coins from their mobile phone without additional hardware. To do this, HTC developed its own hardware wallet with multi-asset support. The wallet is named Zion and runs on independent hardware embedded into the phone. The main competition of the HTC Exodus, is the Sirin Labs’ Finney Phone, a device that has similar features but runs under a proprietary Operating System developed as an Android fork. The post Brave Browser Confirmed as HTC Exodus’ Default Web Browsing App appeared first on Ethereum World News.
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Bitcoin Cash on Gemini, Robinhood Hints at TRON - Today's Crypto News

Visit our website: https://altcoinbuzz.io In this video, Mattie talks about Bitcoin Cash being listed on the Gemini exchange and rumours about Robinhood listing Tron. He also gives you the latest from our Community Speaks segment and the eos hackathon winner. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Crypto Exchange Gemini Adds Support for Bitcoin Cash (BCH) Trading and Custody https://altcoinbuzz.io/crypto-exchange-gemini-adds-support-for-bitcoin-cash-bch-trading-and-custody/ Bitcoin Cash Is Now Available on Gemini! https://medium.com/gemini/bitcoin-cash-is-now-available-on-gemini-cc75299d892f Robinhood Hints That It might List TRON https://altcoinbuzz.io/robinhood-hints-that-it-might-list-tron/ Robinhood Tweet https://twitter.com/AskRobinhood/status/1070793190490472448?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1070793190490472448&ref_url=https%3A%2F%2Faltcoinbuzz.io%2Frobinhood-hints-that-it-might-list-tron%2F DERO Introduction – Community Speaks https://altcoinbuzz.io/dero-introduction-community-speaks/ DERO https://dero.io/ EOS Global Hackathon Winner Announced https://altcoinbuzz.io/eos-global-hackathon-winner-announced/ EOS VC Rewards GeneOS with 500,000$ https://coinhooked.com/eos-vc-rewards-geneos-with-500000/ Genomic Project GeneOS Wins Grand Prize of US$500,000 at Block.one EOS Global Hackathon Grand Finale in Cape Town https://block.one/news/geneos-wins-grand-prize-at-eos-global-hackathon-grand-finale/ -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz

Mining Company Sues Roger Ver & Group for BCH Hard Fork Price Manipulation

The American company Unitedcorp has filed a lawsuit against "bitcoin cash ABC" supporters. The company accuses the supporters of hiring mining power in order to control the bitcoin cash network. The Bitcoin Cash hard fork that took place several weeks ago resulted in two version of Bitcoin Cash, supported by two opposing parties: the Bitcoin ABC version, which uses the ‘BCH’ ticker symbol; and Bitcoin Cash Satoshi’s Version, which uses the ticker symbol ‘BCHSV.’ The lawsuit claimed that Roger Ver, bitcoin.com, Bitmain, and co-founder Jihan Wu, crypto exchange Kraken and founder Jesse Powell, and Bitcoin ABC developers Amaury Sechet, Shammah Chancellor and Jason Cox centralized bitcoin cash and manipulated the price during its contentious hard fork. Especially by dedicating mining power in theory assigned to mining the bitcoin blockchain to mining what was then referred to as the Bitcoin ABC chain.  After the split, supporters of both sides of bitcoin cash have been “fighting” against each other in order to become the biggest “bitcoin cash”.
BitZamp

Basic Attention Token [BAT]: Brave is now available as the default browser on HTC Exodus phone

In a recent tweet by Brendan Eich, the CEO and Co-Founder of Basic Attention Token [BAT] and Brave, announced that Brave has been made as the default browser on HTC Exodus phones. Tweet by Brendan Eich: “We are very happy to have @Brave as default browser & to be working with HTC on their Exodus phone” In October 2018, Brave introduced the newer version of the browser which is compatible with all Chrome extensions. This version was named as Brave 1.0, which is a desktop browser with 22% faster browsing speed compared to older versions of Brave. During this announcement, the team also mentioned that they were working on multi-core capacity on the browser speed, the performance of the browser on mobile devices etc. Recently, HTC announced Exodus 1 as their first cryptocurrency enabled smartphone. The phone provides a storage solution for cryptocurrencies and gives accessibility to blockchain-based applications. An Android application named Zion, which is separated from the operating system of the phone has the ability to store all the private keys of the users. A Redditor named jajarz says: “HTC is a dying company, but they are going all in on hardware the incorporates future developments like VR, and Crypto. If they pull this off theyll be the next Apple.” Another Redditor named Gromerando says: “HTC phones run on Android, having Brave as default browser will only prevent Google from getting ur browsing habits, only if Google is not the default search engine on the browser So don’t really see the excitement as Google will still be able to track your every move” Brendan Eich, who is also the Founder of JavaScript and the Co-Founder of Mozilla project created both the Brave browser and Basic Attention Token [BAT]. The cryptocurrency BAT is an ERC-20 utility token which is used for all the advertising purchases and revenue on the browser. The post Basic Attention Token [BAT]: Brave is now available as the default browser on HTC Exodus phone appeared first on AMBCrypto.
AMBCrypto
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