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Altcoins Daily Preview: IOTA Bullish, Cardano’s ADA out of Top 10

Latest IOTA News Harm van den Brink together with fellows from ElaadNL and Enexis now have a proof of concept system demonstrating that it is actually possible to build an autonomous self-balancing smart grid network powered by IOTA.  In this new machine to machine, smart self balancing grid, the IOTA network allows for secure exchange of data. Additionally, connecting devices can make choices on their own on whether they can or not join the grid. The grid in this case refers to all devices and transformer to one part of the master grid and messages are exchanged via the Tangle in JSON format. All code is based on JavaScript. Read: Marshall Island Hires Malta’s Strategic Advisor to Assist in the Issue of an Official Cryptocurrency Note that this is not the first time Brink is leveraging on IOTA demonstrating different use cases of the network. In 2015, he was part of the team behind Electric Vehicle Charge Station where IOTA handled payment and communication and by the look of things, this Proof of Concept vividly demonstrates that IOTA’s application is near infinite in a world gravitating towards the internet of things. Also Read: Hacker Responsible for 51% Attack Against Ethereum Classic Returns Part of the Stolen Funds Meanwhile, reports have it that VW is stepping up, creating a network of charging stations in China. While there is no mention of IOTA, the IOTA Foundation and VW have been working on several projects in the past few months. Imagine every MaaS electric self-driving vehicle as entrepreneur with its own identity, wallet, autonomous pricing and payments for parking, charging, cleaning, maintenance, etc. I am a big believer in Distributed Ledger Technology and Decentralized Computing, esp. Tangle #IOTA https://t.co/wRLqAjo33S — Johann Jungwirth (@JohannJungwirth) February 22, 2018 The CDO of VW, Johann Jungwirth even explained about employing IOTA in a new market, the MaaS—mobility as a service where the network can use to distribute updates securely in a car connected system. Johann was a member of the IOTA’s supervisory board. IOT/USD Price Analysis Like Bitcoin and the rest of the market, IOTA is bleeding and down a massive 24.4 percent in the last week. However, we strongly believe that this drop is but another buying opportunity for aggressive traders. Note that from the chart, IOT is trading within a bull breakout pattern against the USD after prices shot above the four month resistance trend line on Dec 22 and rejected further lows on Dec 28. Because of this, it is likely that IOTA will find support at the main support trend line previous resistance at around 25 cents. If not, then bears may press forward and prices could drop below Dec 2018 lows of 20 cents by end week. ADA/USD Price Analysis As we expect Shelly and decentralization, ADA is out of the top 10. In line with our previous ADA/USD price analysis, bulls will only be in charge if and only if there are solid breaks above 6 cents or if there is resurgence of higher highs clearing Jan 10 losses. If not, then we expect the third phase of a classic bear breakout pattern to resume as we classify the upswings of late Dec 2018 and early 2019 as the second phase, the retest, paving ways for sellers to enter at better prices once prices drop below 3.6 cents. After all, we now have a double bar bear reversal pattern backed by above average volumes spearheading this drain. Potential support may be found at 3.6 cents and later 2.8 cents or Dec 2018 lows. All charts courtesy of Trading View This is not Investment Advice. Do your Research. The post Altcoins Daily Preview: IOTA Bullish, Cardano’s ADA out of Top 10 appeared first on Ethereum World News.
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IOTA And IBCS Group Partner To Use Tangle For Track And Trace Asset Management Supply Chain

IOTA Partners With IBCS Group For Track And Trace Supply Chain Solution The IOTA Foundation, a blockchain-based company, announced a partnership with IBCS Group to help it in tracking and tracing supply chain. IBCS Group will utilize Masked Authenticated Messaging (MAM) protocol and open source Tangle technology to support its customers in refining their shipment and delivery planning, by offering them a cross-system interoperable chain to manage assets when moving goods across Europe. Speaking about the collaboration, the IOTA Foundation’s Director of Partnership had the following to say: “Managing assets in the supply chain is an area where we believe the IOTA Tangle can demonstrate a clear and immediate impact….These assets are imperative for maintaining the integrity of the entire supply chain ecosystem, yet so far there hasn’t been an intuitive system that allows companies to easily track and trace their location. We are confident that this partnership will help IBCS Group customers to improve the core processes involved with shipment planning and delivery, while simultaneously working to assert the real-world applications of DLT.” The Chairman of IBC Group, Brian Marcel, also had some kind words about the partnership. He said that: “This partnership represents a clear opportunity to solve one of the most difficult logistical challenges present in today’s delivery and shipping industry. We first developed the IOTA Powered solution in Poland but the next step is to expand to our other countries across Central Europe. Ultimately, our goal is to provide all IBCS Group customers with a better understanding of where key assets exist in the supply chain, driving greater efficiency and strategic management of their assets.” ibcsTracker Application Known as the ibcsTracker, the application was developed on IOTA’s open source, and has now been made available for any company looking to begin building tracking solutions. The tracking solution makes packaging easy as uniquely marked returnable assets are registered in the system. The whole system guarantees immutability by keeping an auditable chain of custody that can’t be tampered with; utmost security considering that anyone can report mission or custody of an asset, with the information only shared with authorized and trusted parties; and easy integration into different data management system used by participating companies. Returnable Assets And Supply Chain In the supply chain, a good number of returnable assets are either tracked manually or not tracked at all, which means inefficiency and losses are bound to happen because of high costs, delays and low return rates. This is where IOTA comes in handy. According to the company, such problems will be solved through the IOTA-powered solution, which will offer a unique digital identity to every asset, allowing the involved parties to view and manage it using a simple mobile application.
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IOTA Foundation, Crypto Storage AG Partner To Offer The First Institutional-Grade mIOTA Token Storage Service

IOTA Foundation Joins Hands With Crypto Storage AG In A Bid To Offer The First Institutional-Grade IOTA Token IOTA Foundation has partnered with Crypto Storage AG, a subsidiary of Crypto Finance AG, to offer a storage solution through an institutional-grade token, which will be the first-of-its-kind for the crypto company. The storage solution is meant to help financial intermediaries, as well as other partners across various industries, work efficiently on concepts using the IOTA platform. The partnership will further allow both public and private investors, along with institutional beneficiaries and investors, a chance to manage their access to the IOTA tokens securely. Speaking about the partnership, the CEO of Crypto Storage AG, Stijn Vander Straeten, had the following to say: “Crypto Storage AG is proud to support the IOTA platform with our top-tier infrastructure, as we see rising demand with our clients and IOTA’s industry partners to enable the IOTA token without compromising on security.” The co-chair and co-founder of IOTA Foundation also had some kind words to say about the collaboration with Crypto Storage AG, noting that: “Keeping data secure with infrastructure from Crypto Storage AG will contribute to the development of these concepts and the IOTA Foundation’s vision of supporting a machine-to-machine economy.” What Does IOTA Foundation Bring To The Table? Since it opened its doors in 2015, IOTA has had major achievements. Its Tangle, an open-source eco-system, has enabled the vision for Internet of Things. The company continues to help create concepts for various machines to share data securely, spanning across all major industries, from the automotive, supply chain, global trade, smart energy, eHealth, mobility, and humanitarian and government regulations. What about Crypto Storage AG? This collaboration allows Crypto Storage AD to add IOTA Foundation to its capabilities in cryptocurrency asset storage. Its clients will now be able to enable their business model using IOTA investments. Companies working with IOTA, on the other hand, will efficiently meet their compliance and institutional requirements.
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Localflow: Local Blockchain Chatbot Network For Crypto Traders

What Is Localflow? Localflow is a digital platform that allows the creation and customization of decentralized chatbots, immersed in local communities. The resulting network is optimized to serve fast local exchanges as well as genuine untracked information production and sharing. The team behind Localflow believes that the connected world of private individuals and businesses lack the appropriate tools for building flexible, effective, and fast local profit accelerators to provide access to goods and services with high privacy standards. The appropriate tool should embrace local activities, events, and services. Besides, it should be liable for promotion, selling, and instant delivery by and for the real actors of the local economy. Localflow Project Purpose Localflow seeks to foster local exchanges worldwide to deliver an open, AI-powered local search engine using a decentralized chatbot network attached to private services, business offers, and the authentic activities run by the people. The platform is building a secure AI, chatbot and blockchain protocol, which will empower businesses to reach and serve customers more efficiently than traditional digital channels. Localflow operates on the use of a decentralized structure—the IOTA Tangle, which is a direct acyclic graph structure (DAG) that allows users to make instant transactions with 0% fees. Localflow Project Features Local Microservices Localflow improves established enterprises and little personal activities by bringing goods and services into mainstream chat groups and applications. This eventually lowers greatly the marketing costs and multiplies users’ audience. Local Search Users can find what they like as fast as possible, whether goods or services, using their favorite massaging app such as Telegram, WeChat, Facebook, or Status together with a conversational interface. They are also able to make instant payments using fiat currencies such as Euro or Dollar as well as their preferred cryptocurrency. Near-Zero Transaction Fees Businesses using the platform can sell any product, content, or service and receive instant payment through their preferred cryptocurrency (IOTA, ETH, BTC, and the EWA token). They can equally receive payments in fiat a built-in credit card gateway. Privacy Protection Users can stay safe with the encrypted search and communicate in the local community using the IOTA MAM technology. They can share their data or any other information if they allow it and they get rewards for that! The Localflow project is out to collaborate with interested parties. Users will get rewards in EWA tokens for creating content or for developing chatbot modules. Localflow Project Key Points Resilient: the project is conceived, adopted, and improved by the users—people, micro-influencers, and local enterprises. Global: it’s available worldwide but the use is local and invests in the territory. Simple: users can write sentences and leave the rest to the Natural Language Processing, which is present in the conversational apps. Enabler: the project allows users to design chatbots for economic activities such as restaurants, bars, shops, and others, combining them with local communities. Decentralized: the project operates on DLT and DAG technologies Distraction-free: it’s completely automated and ad-free. The platform’s use encourages rapid and non-addictive use in order to devote energy and resources to real life. Localflow Project Team The team behind Localflow believes that cities beautifully evolve where untracked happens and people can exchange disintermediated, add value to their data, and nurture their personal and local welfare. The team is building the next generation of P2P learning chatbots with the same idea in mind. It will be an intelligent network dedicated to the local economy, local exchanges, as well as local social life.
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Lessons learned from evaluating IOTA on Internet of Things devices

There are few openly available quantitative results about IOTA. Motivated by this fact, we experimented with IOTA on two different IoT devices and two modern desktop and server computers. We found that despite the theoretical scalability of the Tangle, the actual IOTA protocol has relatively high energy consumption. The Proof-of-Work and transaction signing operations are computationally complex relative to the limited capabilities of many IoT devices and and may be impractical on energy-limited / battery-powered devices.Note: this article uses results from the research paper Distributed Ledger Technology and the Internet of Things: A Feasibility Study, presented in the 1st Workshop on Blockchain-enabled Networked Sensor Systems (BlockSys).BackgroundIf you’re reading this, you probably know that IOTA is a cryptocurrency that aims to be suitable for IoT applications. In the summer of 2018, I come to realize that despite all the hype there are no publicly available numbers about energy consumption of IOTA operations, nor there are any public studies about the feasibility of IOTA on IoT devices. At the same time, the IOTA security assumptions require a large number of active IoT devices. So, “does it actually work on IoT devices?” is a critical question that should be asked more.The ledger in IOTA is secured by a heavily distributed form of Proof-of-Work. The state of the ledger is maintained by so-called full nodes. The IoT devices are envisioned to function as light nodes; they are expected connect to the the full nodes, create & sign transactions, and compute a Proof-of-Work in a distributed fashion. The design of IOTA relies on safety in numbers — the idea that IoT devices can out-compute any computational resources a malicious actor might realistically obtain due to the sheer number of the IoT devices.The current state of IOTA the cryptocurrency falls short of this vision — the transactions are also validated by centralized Coordinator node(s). If IOTA wants to transition to fully decentralized operation, it needs to remove the Coordinator component. The key question here is “can the network be secured by the Proof-of-Work alone?”. More specifically, “can IoT devices provide sufficient distributed Proof-of-Work to secure against centralized attacks?”IoT devices and Proof-of-WorkIoT devices span a wide spectrum of capabilities. Some of these devices are as powerful than a typical desktop PC (or even more powerful than that). However, they are exceptions. The IOTA Vision states that “the number of connected devices that will be in use is estimated to reach 75 billion by 2025.” Cisco promises more than 50 billion connected devices by 2020, Ericsson: 18 billion IoT devices by 2022. However, the vast majority of these are going to be low-power devices. For example, the number of currently operational low-power embedded microcontrollers is orders of magnitude larger than the number of Raspberry Pi-class IoT devices.It is extremely unlikely that the billions of connected devices are going to contribute their full computational power to IOTA’s Proof-of-Work computations.Nominal vs. available computational powerMany IoT devices run on batteries or have otherwise limited power sources. Theses devices aren’t able to use their nominal computational resources all the time, so they usually perform some kind of duty cycling. A device with nominal computational power x only has 0.01x available computational power if it’s operating at 1% duty cycle. A thousand devices with 0.1% duty cycle only have as much available computational power as one equivalent device with 100% duty cycle. To put this in more concrete terms, a single server, on its own 1000x as powerful as the average IoT device, can effectively produce as much Proof-of-Work computations as a million of these “average” IoT devices working at 0.1% duty cycle.The limiting factor of these IoT devices is not their nominal computational power; it’s their required battery lifetime. It’s not the millions of operations per second that matter, it’s the energy required for these operations.What about the IoT devices that don’t rely on batteries? Even these devices typically don’t have energy available as easily and cheaply as servers and mining farms. The latter two benefit from economies of scale, while IoT devices are usually highly distributed in space, don’t have nearby power sources, and don’t have their CPUs optimized for Proof-of-Work computations.Experimental setupWe looked at two IoT devices from two different power classes, and compared them with two modern computers:Texas Instruments CC2650 LaunchPad (48 MHz, single core, only 20 kB of RAM and 128 kB of program memory)Raspberry Pi Model 3 (1200 MHz, 4 cores)Intel Core i7–6700 desktop machine (3400 MHz, 8 cores)Intel Xeon E5–2623 server (3000 MHz, 16 cores) with Nvidia Quadro K620.Texas Instruments CC2650 LaunchPadIt’s nontrivial to measure the energy consumption on such a diverse set of devices. Besides, directly measuring the energy consumed by the platforms would also include their peripheral components, which are not important for this article— we’re primarily interested in the energy consumed by the CPU. So, the methodology we followed was to measure the CPU time required to perform IOTA operations, and then to extrapolate the timing to energy consumption.Time and energy required for the Proof-of-WorkTime required to complete a single PoW operation on Raspberry Pi Model 3, Intel Core i7 desktop computer, and a Nvidia Quadro GPU. The green bars show average results, the small black bars — standard deviation. Log scale on y axis.We used the CCurl implementation by the IOTA Foundation (https://github.com/iotaledger/ccurl). It is implemented in C; however, it’s still too heavyweight to run on the TI LaunchPad — the core algorithm uses far too much RAM. We execute it on the three remaining platforms instead.The results show the time required in seconds (the graph on the left); extrapolating that to energy, we got 54.9 J (joules) for Raspberry Pi, 233.2 J for the Core i7, and 93.5 J for the Nvidia GPU.The computational power of the TI LauchPad is 10–100 times less than that of Raspberry Pi, depending on the exact workload. Even if the PoW code could run on the TI LauchPad, it would take an hour or so just to compute the PoW for a single transaction. The devices would also run out of battery in a day or a few weeks at most, depending on the capacity of the battery (100 mAh to 2700 mAh, respectively).Raspberry Pi it itself capable of doing some PoW, but it only can do the PoW for 1000 transactions per day, assuming it’s spending 100% CPU resources for the task — so, clearly, it cannot function as a major PoW hub either.The Core i7 server is only around 20 times faster than the Pi, so, a network of 20 Pi could in theory match the computational power of a single Core i7 server. Still, the Pi’s would have several times higher energy consumption.Also to note, historically the IOTA Tangle often has failed to confirm valid transactions in the first attempt, requiring them to be “reattached” by the user, in some instances for many times. Each “reattach” operation requires a brand-new Proof-of-Work for each reattached transaction.Outsourcing the Proof-of-WorkThere is a potential saving grace: the IOTA protocol allows to outsource the Proof-of-Work computation on external devices. This feature allows to improve the system design via collaboration between IoT devices and dedicated servers. The former have the incentive to do the Proof-of-Work, the latter have the computational resources and energy for efficient computations. However, this scheme can only work if:The IoT device can effectively function as an IOTA wallet, i.e. can create and sign IOTA transactions.The communication overhead between the IoT device and the Proof-of-Work device is low.A light-weight architecture where the PoW computation is outsourced to an IoT proxy node.Time and energy required for transaction signing and for wireless communicationsTime required to sign a single transaction on Texas Instruments CC2650, Raspberry Pi Model 3, Intel Core i7 desktop computer, and Intel Xeon server. The green bars show average results, the small black bars — standard deviation. Log scale on y axis.We used a port of the IOTA Ledger Nano S wallet to the Contiki-NG operating system (see https://github.com/atiselsts/contiki-ng/tree/iota/examples/iota/value-transaction). The port to Contiki-NG only kept the essential algorithms to fit it in the limited RAM and environment of the TI LaunchPad.The results (on the left) show that it takes 7.7 seconds to sign a single transaction on the TI LaunchPad on the average, which consumes 74 mJ (millijoules) on this platform. For comparison, it requires estimated 82 mJ on Raspberry Pi, 28 mJ on the Core i7 server and 31 mJ on the older-generation Xeon server.In contrast, it only requires a few mJ to transmit a signed transaction using a one of the several low-power wireless protocol available on the TI LaunchPad (BLE and IEEE 802.15.4). It can be further optimized by transmitting only the essential parts of the transaction to a proxy device, which then fills the rest of the fields of the IOTA transaction’s data structure.Distribution of time required to perform a single Proof-of-Work operation (left graph) and a single signing operation (right graph). Results on Raspberry Pi Model 3. Log scale on x axis. The distributions show high variability for both operations,Both the PoW and transaction signing have large variance of timing (see the graphs above), making it difficult to quantify the minimal energy budget required to complete an IOTA operation.What does it all mean? In the paper we conclude that:Given the energy usage results, it is clear that on battery-powered devices, both PoW and transaction signing are not practical without hardware-accelerated cryptography. More powerful devices such as Raspberry Pi are capable of doing both operations, but instantaneous transactions are beyond their resources.Overall, IOTA does not feel like it’s designed for light-weight IoT applications. The communication overhead can be optimized by partially replacing the IOTA reference protocol with something more efficient, but even achieving the wallet functionality (i.e. being able to create and sign transactions) is computationally expensive and can take many seconds to complete. Consider an IoT device with a small battery (say, 100 mAh) that produces one IOTA “bundle” per minute, either with two signed transactions or a single signed transaction with two signature message fragments. Such a device is going to last less than 6 days before running out of battery —and that’s under the unrealistic assumption that it doesn’t do anything else besides signing IOTA transactions!DiscussionThere are two potential objections against the argument that IOTA is not suitable for the majority of IoT devices.Objection 1. The IOTA hash function can be hardware accelerated, and these accelerators may become commonplace on IoT devices.It’s not clear if this development would significantly change the balance in the total computational power. If Keccak (SHA-3) acceleration becomes commonplace on IoT devices due to some economical incentive, the same economical incentive may also apply to servers. Therefore both next generation servers and next generation IoT devices could be able to the PoW much faster and with lower energy consumption, leaving the overall balance unchanged. At best, this objection reduces the certainty of the argument, but does not refute it.Objection 2. The results from the current devices are not representative; CPUs of next generation IoT devices may be able to carry orders-of-magnitude more computational operations than the current ones.This is unlikely to have a large impact on battery lifetimes, unless we find new techniques for computing in much more energy-efficient ways (other than implementing the algorithms in hardware, which was already discussed above).Instead, a mass transition from battery-powered devices to energy-harvesting devices is currently on the horizon. Only minuscule amounts of energy can be accumulated in ways that are practical on IoT devices (which are mostly located indoors, mostly low-cost, mostly small). Devices that harvest their energy from environmental surroundings (e.g. from WiFi signals, vibrations, thermal couplings, etc.) typically have even more restricted energy budgets than devices powered by batteries.To sum up, the need to save energy is one of IoT fundamentals; there is no obvious way of getting around it. At least in the near-term future, the majority of IoT devices are going to be stuck with low energy budgets, so their computational capabilities will remain limited. Hence, running any sort of PoW on IoT devices en masse is doubtful.Lessons learned from evaluating IOTA on Internet of Things devices 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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The Beginner’s Guide to IOTA

IOTA is a distributed-ledger protocol powered by the Tangle, a DAG-based data structure. With its feeless transactions and tremendous scalability IOTA seeks to be useful in the age of the Internet of Things

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Ripple, SBI, And Tangem team up to Expand Crypto Ecosystem and Speed up Mass Adoption

Last year, Tangem, the Swiss crypto wallet company introduced physical ways to spend and trade cryptocurrency. “Smart cards” and “smart bank notes” are physical representations of cryptocurrency that could be carried and spent by users. The idea is that with an actual physical representation of cryptocurrency, people can simply hand the note over and make even simpler, no fee transactions. With the adoption and actual spending of cryptocurrency in mind, Ripple, along with financial backer and partner SBI are investing $15 million to accelerate the amount of Tangem Notes that enter circulation. Tangem already had vending machines, ATMs, money exchangers and wider acceptance at retail outlets on the radar for 2019, and this influx of money will speed up these plans. Yoshitaka Kitao, President and CEO of the Japanese investing firm SBI, thinks Tangem’s product is an important factor in bringing blockchain and cryptocurrency to the masses. “The Tangem hardware wallet, which is highly secure and affordable, is an important tool to promote the mass adoption of digital assets and blockchain. We believe utilizing Tangem will help stimulate the demand for other blockchain services provided by SBI.” SBI has been partnered with Ripple since 2016 and their crypto exchange VCTRADE started allowing XRP deposits late in 2018. VCTRADE is also set to become the first regulated exchange for Japanese residents so they seem to be pushing for the usage and adoption cryptocurrency from multiple angles. Ripple has recently confirmed that 27 companies would be adopting the use of XRP, with 13 more using Ripple’s xRapid system. While many in the space have spoke of Ripple as a company that will help businesses interact with each other without the use of banks, the team at Ripple doesn’t want the public to lose focus on how XRP and Ripple’s platform can help average people making small everyday transactions. The post Ripple, SBI, And Tangem team up to Expand Crypto Ecosystem and Speed up Mass Adoption appeared first on ZyCrypto.
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Japan’s SBI Group Invests $15 Million in Tangem Crypto Wallet

Announced today, Japanese banking giant SBI Group has invested in Swiss crypto startup Tangem. The company is the creator of a slimline hardware cryptocurrency wallet. SBI Group Invests in Tangem SBI is offering its support to Tangem with a $15 million USD investment. It will use the capital to expand into areas such as stablecoins, ICOs, tokenized asset offerings, and digital identity. Tangem Crypto Wallet Described by the company as a “smart banknote for digital assets,” Tangem’s cryptocurrency wallet mimics a bank card in that it allows a user to make off-chain ... ﾿ 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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New Crypto Scam Forthcoming as Apollo (APL) Grows 418% in a Week But Founder Gets Exposed

While nobody gets surprised with how prices go up and down in the crypto industry anymore, sometimes a certain token appears and calls out everybody’s attention. This week, this is exactly what happened with Apollo Cryptocurrency (APL), a token that has seen its price rise over 400% in a single week now. What Is Apollo? Apollo is a token that was created in 2017 as an all-in-one type of crypto. It has a bit of everything: smart contracts, sharding, privacy features, etc. However, there is just one slight issue, it does not actually do what it promises most of the time. The base token is a fork from NXT with block time reduced by 2 seconds and other smaller changes to the code. The idea was to make a single powerful crypto by combining many features, but the critics of the token affirm that this is not what actually happened. Behind the team of Apollo is a powerful marketer: John McAfee. The notorious crypto troll is listed as the chairman of the company and has mentioned it in his tweets before. Everybody knows that McAfee is kind of notorious for making exaggerated claims and he’s not fully reliable, so this does not add a lot of legitimacy to the token, despite how famous the man is. The main clash here is that some people call Apollo a pure “Shitcoin” while others defend it and affirm that it helps the user to hide its IP better and that the token is good. Among the haters, they believe that Apollo has only changed some lines in the code of NXT and rebranded it. One of the main arguments against Apollo can be seen in this Reddit post: https://www.reddit.com/r/CryptoCurrency/comments/ai5b62/apollo_apl_is_a_massive_scam_and_you_are_all/?st=jr6hxe0n&sh=9580ecf0. Here, the poster affirms that what is currently happening right is a pump and dump scheme. The creators of Apollo are pumping the tokens everywhere and telling people that the prices will rise soon, which is causing the prices to actually rise a lot. After they do it, they want to dump their tokens while their price is high. The Founder And The Telegram Group Apollo’s founder is a man called Steve McCullah. He was accused of being a scammer in the past and of dumping coins using Telegram. According to the post, the Telegram is a completely brainwashed place. He was also accused of constantly changing his LinkedIn profile to make people believe that he is more experienced than he actually is. People are banned for saying anything literally remotely looking negative. Some comments highlighted in the post asked, in a completely acceptable way, whether the token was the same as NXT or not and it was banned. People are banned for asking questions or for making comparisons like asking whether they think this is better than Monero or not. Asking literally any question about the technology will also get you banned, it seems. The founder constantly keeps asking people to share fake news about Apollo and asking them to talk good things about the tech (the one you can’t ask anything about) on Twitter. People, as was being affirmed at the Reddit post, are sharing fake news and saying that Bitcoin is dead and that APL is the future, too. The Conclusion We are yet to see information that backs the idea that Apollo is actually the future of something. The technology of the company does not seem to be very good, according to the information we have gathered, and, unfortunately, we have some doubts about the people involved in the project. Unless you are a speculator who thinks you can make a profit quickly, you should avoid investing in this token. The risks are, in our opinion, pretty obvious, so sticking to Bitcoin might prove to be a better idea. Remember to always be well informed and to never get into the hive mentality of suspicious Telegram groups.
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EOS Platform Updated with 35% Increase in Transaction Speed

CoinSpeaker EOS Platform Updated with 35% Increase in Transaction Speed EOS blockchain was introduced in 2017 as a network for the development of decentralized applications. Recently it has revealed the release of EOSIO and EOSIO.CDT upgrade that will bring a row of advancements including a higher speed of the blockchain transactions. EOSIO version 1.6.0 The team has finished their work on the updates of the EOSIO software and is ready to present them. According to the official announcement published by the company, the efficiency of the peer-to-peer networking layer will be significantly improved. Moreover, the developers have managed to enhance the overall transaction speed. In general, it’s worth mentioning that these improvements are fully compliant with the company’s goal to increase the efficiency of the EOSIO performance and to strengthen its position in the list of the fastest protocols presented on the market. The company’s announcement reads: “Our own internal benchmark tests show upwards of a 35% increase in likely transaction speed when using token-transfers-per-second as our base case.” As it has been revealed by the company, the new result has been achieved following tests of the EOSIO software that was conducted on a private network. This private network has also shown a growth in the functioning of the network.  Though the benchmark still doesn’t reflect the results of the real-life usage, it has shown a significant increase in transaction speeds, decrease in time needed for the transaction and lower CPU costs. EOSIO.CDT V1.5.0 The EOSIO Contract Development Toolkit (EOSIO.CDT) which represents itself a toolkit aimed at providing more efficient and streamlined development on EOSIO. It was announced in EOSIO V1.3.0 and since that time it has been offering added support for Gnu & C++ 11 style and facilitating the way for declaring associated data and smart contact structures in the process of building apps. Alongside EOSIO V1.6.0, the EOSIO.CDT V1.5.0 is being upgraded as well. The latest version is primarily intended for enhancing the easiness of building and testing of EOSIO smart contract development. The team has presented a new tool that is known as eosio-init. It is designed to help developers easily start the creation of smart contracts by generating a template project for developing smart contracts. The company has also highlighted that the feedback from the community plays a crucial role for them. They want to listen to the real needs of developers and to provide them with the necessary and most appropriate solutions that could significantly facilitate the way they build their apps on the network. EOS on Huobi DM Another milestone for EOS Cointract is its recent joining Huobi Derivatives Market. As CoinSpeaker has already reported, the exchange added the EOS coin to its trading service on December 28. Such a new move is said to have a very positive impact on the expansion of the EOS market and  the coin’s trading volumes. EOS Platform Updated with 35% Increase in Transaction Speed
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