Tokeny news

World latest news

Tokeny Makes the FinTech 50

The popular tokenization platform, Tokeny made it on this year’s FinTech 50. The news places Tokeny in an exclusive class of movers and shakers in the marketplace. Also, it showcases Tokeny’s dedication to simplifying the tokenization process for the EU market. FinTech 50 Tokeny making the FinTech 50 is a huge accomplishment for the firm. The FinTech 50 recognizes the top FinTech firms across Europe. Companies that make the list tend to see a boost in activity directly afterward. Unlike most awards, the FinTech 50 is not an actual award per se. There are no actual winners chosen from the list. Instead, the list is kind of like a whos-who of businesses to watch in the coming months. The list is meant to showcases disruptive and newly developed strategies and technologies in the market, and the firms which employ them. Making the FinTech 50 places Tokeny in a unique category amongst the competition. Innovation To make the consideration, a firm must utilize game-changing technology to progress the financial markets. Not surprisingly, Tokeny does exactly that. Tokeny is a cloud-based platform which allows for the issuance of compliant tokenized assets. Developers sought to make the platform as seamless as possible. To do so, the platform incorporates several interesting features. Tokeny via Homepage For one, companies can opt for a white-label strategy. In this manner, the investment process is more familiar to participants. The platform also features full AML and KYC integration. Both of these features allow Tokeny to maintain full compliance throughout the tokenization, issuance, and trading processes. Versatility Versatility is another important feature that the platform’s developers incorporated. Unlike most tokenization platforms, Tokeny allows investors and businesses to utilize multiple currencies. This flexibility makes it easier for global investors to participate in crowdfunding campaigns with confidence. FinTech 50 – A Big Deal The FinTech 50 list is a big deal in the sector. This year was the seventh year running. Each year the event draws more viewers, impressions, and attendees than the previous. Last year’s event received over 60,000 views. Also, the event had a reach on Twitter of over 5 million accounts in just 3 days. Who are the FinTech 50 Judges? Perhaps the most interesting fact about the FinTech 50 is how the judges are chosen. Every year, the list seeks out a panel of international judges to help decide what businesses mak -the-cut. These individuals are selected because they are industry leaders in their own right. Consequently, the list includes some of the most notable names in FinTech. This year was no different. Tokenize All these Awards This isn’t the first time Tokeny received accolades for its market contributions. The firm received the coveted Fintech 2019 award in June as well. Award presenters choose Tokeny from 194 applicants from 33 countries. FinTech Winners Tracked Interestingly, FinTech list makers have their funding tracked for a year following the listing to see how the companies develop. In this manner, the lists can assess their decisions. Notably, the 2018 FinTech firms listed raised around $2.5 billion. Tokeny – A Bright Future With all the recognition Tokeny garnished this year, it’s no surprise the platform continues to see rapid expansion. As Europe’s security token sector develops, Tokeny’s market positioning will strengthen even more. You can expect to see these innovative minds push the boundaries of FinTech to the next level. The post Tokeny Makes the FinTech 50 appeared first on Securities.io.
Securities.io

Tokeny Solutions Recognised as One of Europe’s Hottest Fintech Companies in 2019’s Coveted FinTech50 List

Coinspeaker Tokeny Solutions Recognised as One of Europe’s Hottest Fintech Companies in 2019’s Coveted FinTech50 ListTokeny Solutions, the compliant tokenization platform, has been included in The FinTech50, the first list in the world to recognise innovative European fintechs.The Luxembourg fintech has recently been crowned as KPMG’s Luxembourg Fintech of the year 2019 and announced fundraising from Euronext, the eurozone’s largest stock exchange. Tokeny Solutions enables mid-cap companies, investment banks, funds, asset managers and distributors to dematerialize assets on the blockchain, allowing them to reach a global audience, enforce compliance obligations, enable automation and increase operational efficiency.Luc Falempin, Tokeny CEO commented,“We’re delighted to be included in such a prestigious list. This recognition shows how the perception of digital securities has changed over the past year. Every day we’re gaining more and more traction and being recognised as one of the top fintechs in Europe reflects that financial institutions are beginning to adopt the technology. Step by step we are getting closer to achieving our vision of a digital capital markets world.”Now in its seventh year, the FinTech 50 is an annual list selected by an international panel of experts. Last year’s list received over 1M views worldwide and companies listed on the 2018 FinTech50, Hot Ten and Hall of Fame raised a combined total of $2.53Bn in just 12 months.Leaders from Standard Chartered, Silicon Valley Bank, UBS, Accel, Mastercard and Barclays UK Ventures, as well as Heads of Fintech hubs across Europe, reviewed over 2000 Fintechs on a longlist compiled through independent research and personal recommendations.The 2019 list features established brands Monzo, Revolut and N26 alongside 21 companies new to the list who reflect this year’s focus on innovation for consumers, business and financial services.They include London-based SalaryFinance, founded with a social purpose to offer salary-linked employee benefits, Stockholm’s Minna Technologies, offering subscription management through European banks, Arabesque S-Ray, monitoring the sustainability of 7000 large companies, and Luxembourg’s Tokeny, a white-label platform to issue, transfer and manage tokenized securities.About Tokeny SolutionsTokeny Solutions enables mid-cap companies, investment banks, funds, asset managers and distributors to dematerialize assets on the blockchain, allowing them to reach a global audience, enforce compliance obligations, enable automation and increase operational efficiency.The Luxembourg-based FinTech company is the market-leader in delivering an institutional grade, modular end-to-end platform, allowing for the issuance, transfer and servicing management of tradable digital assets/security tokens, such as tokenized loans, structured notes, equity and funds. Tokeny has issued multiple tokenized offerings across five continents with further security offerings imminent.About The FinTech50The FinTech50 was the first list in the world to recognise Fintech in Europe for innovation and is now a global top ten fintech organisation. We founded our annual list of 50 Fintechs “to watch” in 2012 as a guide to an emerging sector. Seven years on, it is selected by an international panel of experts and is seen as a guide to quality within a super crowded one.The FinTech50 2019, selected from over 2000 Fintechs across Europe, will be live on Wednesday 18th September. For the first time, we will share the reveal video on our YouTube channel from 19.15 GMT on 18 September: https://www.youtube.com/fintechcityFor more information about The FinTech50, visit: https://thefintech50.com/Tokeny Solutions Recognised as One of Europe’s Hottest Fintech Companies in 2019’s Coveted FinTech50 List
Coinspeaker

Luc Falempin, CEO of Tokeny – Interview Series

Luc Falempin is the CEO of TOKENY Solutions a Luxembourg based software vendor building an end-to-end platform to issue, manage and transfer tokenized securities in a compliant way.   Antoine: Can you tell us about the Tokeny issuance platform and how it differs from competitors? Luc: At Tokeny we are the European leader in terms of tokenization platforms. We provide our customers with the modular end-to-end platform they need to digitise their assets. For single issuers we can automate complex and cumbersome processes that are involved in the distribution of traditional securities. For multi-issuers, such as investment banks, asset managers or marketplaces, we deliver our solutions via a white-label platform and a set of APIs.  We are currently the only live platform in the market that has the technology to digitise the issuance, the compliant security transfer and the post-issuance servicing. Our compliance system is also unique, as we are the only company worldwide with an onchain validator to enforce the necessary rules and regulations that govern financial securities.    Antoine: How did you personally become involved? Luc: I have over 10 years of experience in entrepreneurship and software development. I worked with some of the largest e-commerce marketplaces in Europe and eventually, I sold my stake in 2017. At this time everybody was talking about decentralized marketplaces, and because of my education I understand how securities work and I saw the purpose of applying blockchain to financial markets. This was when Tokeny was born, and we’ve been building the technology ever since.   Antoine: Where’s Tokeny headquartered? What made you choose this jurisdiction? Luc: We are headquartered in Luxembourg but we also have operations in London, Paris and Barcelona. We chose to be headquartered in Luxembourg as globally it’s second in terms of money under management, with the US sitting first. In March, €4300 billion was invested into Luxembourgish funds, so of course this is a very interesting place for a company like ours. It is also one of the leading financial centers in Europe, and we are very close to the other leading cities like London, Paris and Frankfurt.   Antoine:  You initially tokenized ICOs and then pivoted to offering STOs, what made you decide to pivot? Luc: The initial vision for Tokeny was to tokenize securities. However, in 2017 the market wasn’t ready for this. So, we saw an opportunity with ICOs, and it was the perfect MVP. There was a high market demand, ERC20 tokens are simple and the compliance was straight forward too. But now it is the time to start tokenizing financial securities and for over a year we have been developing our product to do exactly this, so our technology is ready.   Antoine:  How many customers do you currently have? How many new customers are you on-boarding each month? Luc: We have more than 30 customers and currently select 2 or 3 customers per month. We are now starting to work with multi-issuers such as investment banks, marketplaces and asset managers. Technically we have the capacity to tokenize thousands of assets per month but for each project the issuer needs some guidance on the partners selection as the ecosystem is still being built.   Antoine:  Which verticals are the most popular on your platform? Luc: Equity attracts a lot of interest, but shareholder agreements can become quite complex and given the infancy of the market it isn’t the easiest asset to tokenize. However, most companies should start tokenizing debt as this is a much simpler process to issue and the benefits are immediate. Real estate is very interesting too as this is a typically illiquid asset class. By representing this asset on the blockchain, ownership can be settled in seconds, rather than the need of selling the underlying asset. The case is similar with other types of closed-end funds.   Antoine: What’s the process for a company that is interested in your tokenization services? Are there minimum requirements that they need to meet? Luc: Yes, of course. We receive many enquiries each month but we only select the best projects and those that are asset backed. We have a due diligence process and the projects need to be led by an experienced team, KYC & AML checks on all the beneficial owners need to be processed and we require the legal documentation to setup the platform.    Antoine:  Tokeny recently launched InvestorID. Can you describe with this product is? Luc: InvestorID is a not for profit and open ecosystem allowing investors to generate their on-chain identity to access and trade compliant tokenized securities. It provides them with the platform they need to create their identity, control their personal data and enable issuers to act in full compliance. It is a single entity linking the proof of identity, so the KYC and AML segment, with the wallet of that entity. In a way, you can see it as a KYC aggregator. Under European law it is unlawful to whitelist wallets and so we came up with this method to represent investors on the blockchain and fill this missing piece of the puzzle.    Antoine:  Tokeny also recently joined the non-profit Global Digital Finance Registry. What are the advantages of being a member of this registry? Luc: The aim of this organisation is to standardise terminology across the digital assets sector. If there is no standardisation across the industry, how will mainstream adoption be achieved? They bring community members, of which includes market participants, regulators and policy makers, to contribute to the set of standards with the goal of achieving uniformity and global adoption. Educating the market is a core objective for us, and joining the GDF was something that completely aligned with this value.   Antoine: Where do you see the digital securities market in five years? Luc: In five years time I see interoperable assets having opened a lot of opportunities and benefits. The technology will be in place to reduce the successive layers of reconciliation that are currently present in custody chains, the benefits in collateralization will be realised and the impact in terms of transferability will be present. All in all, I think there will be a much greater awareness of blockchain and its impact on financial markets. If you look at the sentiment this time last year, the attitude has changed significantly. In five years it is of course hard to predict, and easy to be over optimistic, but I think there will be wider recognition of blockchain’s impact because there will be working examples across capital markets. We can also imagine some projects like Libra bringing a lot of awareness if people start managing some of their money and assets on this blockchain.    Antoine:  Is there anything else that you would like to share about Tokeny? Luc: Tokeny Solutions is a toolbox for investment marketplaces and we provide the layer of technology needed for these players to benefit from working with blockchain. Benefits such as automation, efficiency, increase in transfer times and so on, can be achieved by these companies without building the complex technology that’s required. These markets are also lacking from digitisation, and we provide them with the tools to enable and benefit from digitizing their services. Although we are working with a number of them, there is still a huge need for digital distributors of tokenized securities. To Learn more visit Tokeny. The post Luc Falempin, CEO of Tokeny – Interview Series appeared first on .
Securities.io

Luxembourg Homes to Real Estate Sucessfully Tokenized through Tokeny

Successful Issuance This week, we saw one of the first examples of a digital security being issued, representing the first real-estate backed tokenization within Luxembourg. More specifically, this project saw investors purchase portions of real estate developmental projects within the city of Belval with the entire process being facilitated by issuance platform, Tokeny. While various STOs have caught the attention of the industry in recent months, this event is one of the first to actually undergo the issuance process. Details of the Deal Investors which took part in this offering were able to gain access to fractionalized ownership of the project through issuance of an ERC-20 security token. Access was given to qualified investors with as little as €1000. These tokens entitle their holders to a proportionate share of profits garnered from the properties. This includes rent, eventual capital gains, etc. Recognizing the need for a safe means of custody, the parties involved in this deal partnered with Coinplus. This will see Coinplus act as a custodian, with the tokens being stored in a physical vault. Belval, Luxembourg Belval, Luxembourg is a former manufacturing hub which, in recent years, has undergone extensive gentrification. This process has seen the region turn into a science hub, boasting the University of Luxembourg campus. This process has made the area a prime location for real estate developments, with high potential for future returns. Incoming Liquidity One of the major draws for investors to take part in an STO, is the promise of liquidity. While this has been quite elusive, to date, brighter days are on the horizon. In recent months, Tokeny announced a partnership with U.K. based, digital securities exchange, Archax. This partnership will see digital securities, issued through the Tokeny platform, supported on the exchange upon launch in late 2019. Tokeny and Archax Form Strategic Partnership Commentary Upon announcing the successful issuance discussed here today, Tokeny CEO, Luc Falempin, took the time to comment on the achievement. The following is what he had to say on the matter. “We see real estate as one of the key asset classes that drives the adoption of tokenization. Tokenization brings the opportunity to a wider group of investors and in the long term will bring liquidity to an asset where it has been non-existent.” Property Token Property Token is a real estate initiative that was undertaken by a pairing of companies well versed in the industry – construction company, Crea Haus, and real estate investment firm, Espaceinvest. This initiative saw these companies reach out to Tokeny to facilitate the tokenization – and raising of capital – for a development project in Luxembourg. Tokeny Tokeny is a Luxembourg based company, which was founded in 2017. Above all, Tokeny functions as a tokenization platform, for companies looking to issue digital securities. CEO, Luc Falempin, currently oversees company operations. In Other News Tokeny has, over the past year, managed to, not only develop their own public STO framework, but also see their services utilized by various entities. Naturally, this hard work has resulted in investments in the company. Below are a few articles detailing the Tokeny framework, service implementation, and investments in their efforts. Tokeny Releases TREX – The First Public Framework for Security Token Offerings Blockport Partners with Tokeny on STO Euronext Invests €5 Million in Tokeny Solutions The post Luxembourg Homes to Real Estate Sucessfully Tokenized through Tokeny appeared first on .
Securities.io

Euronext Invests €5 Million in Tokeny Solutions

Tokeny Solutions just received strong support from one of the most reputable financial institutions in the EU – Euronext. The support came in the form of €5 Million in funding to further Tokeny’s already successful issuance platform. The move catapults Tokeny to the center stage of blockchain development in the EU. Additionally, it provides Euronext with a strong voice in the platform moving forward. News of the investment first broke on July 1, 2019, via a Tokeny Solutions blog post. The post explained that Euronext gained 23.5% representation in Tokeny as part of the arrangement. It also described some of the key benefits that both parties obtained from the maneuver. Tokeny Solutions gains significant market penetration and influence as part of the deal. Their new partners, Euronext are a major player in the marketplace. They hold considerable sway in multiple EU markets including Belgium, France, Ireland, Portugal, UK, and the Netherlands. All of these locations have shown growing interests in blockchain-based investments. Tokeny Solutions via Twitter Euronext Euronext is one of the premier Pan-European exchanges. Currently, the firm manages over 1300 issuers globally. Notably, the issuers equal a total market cap of around €3.5 trillion. Also, the firm specializes in Blue chip issuers, with 24 official issuances to date. Since its inception, Euronext operated a fully regulated equity and derivatives market with success. Notably, the platform serves as the largest center for debt and funds listing globally. Additionally, Euronext provides technology and managed services to third-parties via a number of programs. Pivot towards Blockchain Euronext has had its eyes on blockchain technology for some time now. Previously, the firm created its own blockchain-based company called LiquidShare to further these aspirations. Now, after recognizing Tokeny’s capabilities, Euronext plans to integrate this knowledge and understanding into LiquidShare. Currently, LiquidShare specializes in post-trade services. Tokeny Solutions Tokeny entered the market in a major way in 2017. The company started with the goal to provide an end-to-end solution for private market securities issuers via blockchain technology. The company has seen great success since its entrance into the market. Currently, Tokeny operates in five continents. One of the unique aspects of the Tokeny platform is the use of the T-Rex protocol. T-Rex integrates programmable compliance and regulatory features directly into the token’s main protocol. These smart contracts are then used to ensure that each T-Rex token remains compliant throughout its lifecycle. Notably, Tokeny received the 2019 startup of the year award at KPMG’s FinTech Awards in Luxembourg. The company continues to expand its capabilities. Today, Tokeny is able to tokenize a huge selection of financial instruments including equities, debt-like instruments, funds, and securities. The firm now offers streamlined services to make tokenization easier than ever before. Tokeny Solutions Set to Expand Considering the success of both Euronext and Tokeny to date, it’s easy to imagine a scenario where this partnership expands the reach of both platforms. For now, Tokeny is set to take its share of the emerging EU digital securities markets to the next level. The post Euronext Invests €5 Million in Tokeny Solutions appeared first on .
Securities.io

Euronext invests €5M in blockchain fintech Tokeny Solutions

Pan-European exchange Euronext has made a €5 million investment in tokenization platform Tokeny Solutions, according to a press release. In return, Euronext has obtained a 23.5% stake in the company as well as “strong governance representation.” The Luxembourg-based fintech provides tools needed for security tokenisation. It offers both issuance and management of the tokens, issued on a public blockchain. In order to assure compliance, the company has developed T-REX protocol, which “integrates compliance obligations into the digital asset smart contract, to create tokens compliant by design.” Tokeny will co-operate with LiquidShare, a blockchain fintech created by Euronext along with other financial institutions like BNP Paribas, CACEIS, and Société Générale. The fintech has been brought to life to develop a post-trading blockchain infrastructure for SMEs.
The Block Crypto
More news sources

Tokeny news by Finrazor

DIGEST

Trustology gets $8M, Coinbase launches OTC, BTC scams Singapore investors, UNICEF invests in six blockchain startups, Klaytn partners with Watcha and Atlas, Raise partners with African Legal Network, NEM plans to work with GUBI, Blockchain Association and eToro become partners, Tokeny partners with Security Token Network, Maker Ledger launches partnership with Neufund, KuCoin partners with Shrimpy, BitMart announces partnership with CertiK, SBI Holdings partners with R3, TokenIQ teams with DealBox

Read more

Trending

Hot news

Hot world news

Opera Brings BTC to Android; Now Looking to Add TRON

Who would have known Opera and bitcoin could go so well together? We’re not necessarily talking about classically trained singers that wear Viking horns and hit high notes, but rather the Norwegian financial platform that’s been touting the addition of bitcoin to its Android app since July of 2018. Opera and BTC: A Perfect Match? The app was launched privately and was later available to the public in December. Opera inherently became one of the first browsers to support bitcoin directly, and customers did not need any extensions or follow-up downloads to engage in crypto transactions. From there, bitcoin support came to the Opera iPhone app. Opera presently has about 350 million users, and many enthusiasts see this as a prime movement in the fight to make bitcoin mainstream. In a blog post, the company writes: With this release, Opera opens its crypto wallet to the world’s most popular blockchain, making it possible to send and receive BTC directly from the browser the way one would with an image or a music file. This means anyone can now not only send bitcoin and Ethereum to another person but can also use it while interacting with websites to pay for goods or services. Up to this stage, Opera only provided support for Ethereum, the world’s second-largest cryptocurrency and a primary competitor to bitcoin. However, the company is also introducing plans to support Tron in the coming months. The last few weeks have marked by a whole new list of platforms or companies showing support for cryptocurrencies they otherwise were ignoring. One such example comes in the form of the new HTC smartphone known as Exodus 1s, which can allegedly support a full bitcoin node. This means that the phone can hold the entire blockchain ledger. Other examples include Electrum, a new bitcoin wallet which has recently added the Lightning Network to its platform. The Lightning Network is designed to assist with scalability on the bitcoin blockchain. While bitcoin is the oldest, largest and arguably the most popular of the world’s cryptocurrencies, it often lacks the up-to-date technology of its newer altcoin counterparts. Thus, it suffers from slow transaction times and smaller blocks. How Lightning Is Making Things Simpler The Lightning Network initiates micropayments that occur off-chain to ensure that they are pushed through quickly. Electrum’s addition of Lightning is likely to enable faster speeds for customers and ensure that payments are pushed through with ease. We’ve also received word of a new startup called Moon, which allows Amazon customers to purchase goods and services from the online retailer with crypto. The application also works through Lightning-based technology and appears to recognize the Amazon page once you log in. When you’re ready to check out, it provides you with a crypto pay option that shows how many available funds you can spend. The post Opera Brings BTC to Android; Now Looking to Add TRON appeared first on Live Bitcoin News.
Live Bitcoin News

Opera Continues Bullish Crypto Mainstream Drive With Bitcoin Payments

Browser minnow Opera is ramping up cryptocurrency support for Android users in version 54, which has just been released on Tuesday. Among a host of other cosmetic improvements and a new UI, this latest release improves upon the current crypto wallet with support for both Bitcoin and Tron payments. Ethereum has been the staple payment […] The post Opera Continues Bullish Crypto Mainstream Drive With Bitcoin Payments appeared first on CCN.com
CCN

Carson Wentz Gossip Turns Eagles Into Daytime Soap Opera

After the beating the Dallas Cowboys gave the Philadelphia Eagles Sunday night, fans were probably wondering how things could get worse. When they woke up Monday morning, they found out. It appears that at least one fool decided to burn his Carson Wentz jersey following the loss, and – more significantly – Alshon Jeffery is […] The post Carson Wentz Gossip Turns Eagles Into Daytime Soap Opera appeared first on CCN.com
CCN

The Ethereum Ecosystem: Still Relevant After All These Years

Ethereum first went live in 2015, and since then, it’s become one of the market’s top coins. And while four years may not be a lot in most markets, in crypto it’s a lifetime. For Ethereum, it has been quite a ride. With a market cap of $19 billion, Ethereum is the second largest cryptocurrency in existence, and recent reports show that it provides a benchmark for the market. Of course, there’s much more to its success: the Ethereum ecosystem is thriving in its own right. In short, Ethereum is one of the most extensible blockchains. It offers developers the opportunity to create tokens, dApps, collectibles, financial applications, and more. Plus, Ethereum itself will soon be better than ever. Here’s what the Ethereum community is up to right now—and what the Ethereum ecosystem has to offer. Dominance Over dApps and Tokens Ethereum currently leads the dApp market with its sheer number of listings. Right now, it has a total of 2000 dApps—four times more than TRON or EOS, its closest competitors. Ethereum also closely matches those blockchains in terms of dApp volume—each platform handles about $10 million of crypto through its apps in a typical day.   Daily dApp transaction volumes in dollars, via DAppReview   To be fair, EOS and TRON dominate in terms of dApp users and transactions (although many of these are simple gambling apps). Still, Ethereum has a few notable apps in those measures: MakerDAO attracted 2200 users on Monday, making it the third largest dApp by user count. Meanwhile, dYdX, a derivatives platform, handled $371,000 on Monday—making it the 9th largest app by that metric. Ethereum’s token standards are also incredibly influential. Of the top 50 cryptocurrencies by market cap, at least 20 are based on Ethereum’s ERC-20 token standard—including big names like BAT and LINK. Plus, Ethereum’s non-fungible ERC-721 standard has begat collectible items like Decentraland properties and CryptoKitties. New Opportunities For Investment As Ethereum matures, there might be new ways to invest. Recently, the CFTC declared that Ethereum is a commodity, meaning that ETH futures may become an option for institutional investors in the future. It’s conceivable that Bakkt might add ETH futures alongside its BTC futures—though it hasn’t said so explicitly. Additionally, there are some retail platforms that already trade Ethereum futures, such as BitMEX and Kraken. These options attract speculative investors who might not trade on the crypto market itself. Even though futures don’t affect Ethereum’s value directly, they bring value into the crypto ecosystem and facilitate price discovery. There are other investment opportunities as well. MakerDAO, for example, allows you to lock up your Ether as collateral and create Dai stablecoins in return. Meanwhile, peer lending platforms like ETHLend allow you to earn interest by lending out Ether. Suffice to say, there’s a lot you can do with your Ether holdings. Preparing For Ethereum 2.0 Ethereum’s next big milestone will be Ethereum 2.0, which will introduce staking, which allows coinholders to earn rewards. It will also improve scalability through features like sharding, which will allow the blockchain to handle many more transactions. Though Ethereum 2.0 is a multi-year effort, staking should be available in the next few months. At the moment, different Ethereum development groups are running separate testnets. These became interoperable in early September, and according to Ethereum’s creator, Vitalik Buterin, a public network is rapidly approaching. This will be the “last major milestone [before] the network,” Buterin stated during a recent event in Hong Kong. Buterin has also suggested that the upgrade will be seamless. In a post on Ethresear.ch, Buterin suggested that app developers will need to migrate, but coinholders won’t need to do anything at all: “You may want to move your funds into [an ETH2] wallet eventually, but you do not strictly have to and there is no time limit,” he wrote. Can Ethereum Stay Relevant? Of course, not everyone is happy with Ethereum. Some dApps, such as Ethermon, have moved to blockchains like Zilliqa due to the promise of faster transaction speeds. Meanwhile, some projects with ERC-20 tokens have migrated to other platforms like Binance Chain. Finally, some critics believe that sharding is not secure. But despite criticism, Ethereum probably won’t go away. Its brand, market standing, its dominance over dApps, and its ability to drive hype for version 2.0 seem to be a winning combination. Though it has many competitors, Ethereum has first mover advantage and the biggest developer community in crypto —giving it a head start and making it the favorite to continue to tower over the competition.     The post The Ethereum Ecosystem: Still Relevant After All These Years appeared first on Crypto Briefing.
CryptoBriefing
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.