Posted on

Open-Source Platform Lets Users Build Their Own Blockchain in Under 10 Min

An open-source blockchain platform says the industry is going the same way as the internet: Just like websites, every business now wants their own chain.

An out-of-the-box solution says it enables anyone, even with no experience, to build their own blockchain in under 10 minutes.

According to Nuls, businesses are going through a similar evolution as they did with the early internet, when every company wanted their own website: They now want their own blockchain. And although these firms may not fully understand how to deploy blockchain technology, they are aware of how their business may benefit from it.

Nuls aims is to “dismantle some of the biggest barriers” that are stopping individuals and companies of all sizes from creating their own blockchains. Hurdles for adoption include the need to ensure that networks are fully secure and the sheer cost of bringing them to fruition. On top of this, it can be an incredibly time-consuming process — not least because there aren’t enough skilled developers to keep on top of demand.

The future

The team behind Nuls believes that the future of blockchain will see plenty of third-party providers that simplify the process of establishing a blockchain network. 

One of the company’s solutions, known as ChainBox, allows developers to take their applications and deploy them to a new blockchain in the time it takes to drink a cup of coffee. Nuls hopes that this approach will enable entrepreneurs to focus on the product itself rather than the time or money it takes to deploy their applications onto a chain.

Nuls describes its ChainBox feature as language agnostic — giving developers more choices and making it easier to integrate existing systems with blockchain technology. The platform also says it is keen to ensure that users can personalize and enhance blockchains in line with their specific needs. An upcoming solution known as Chain Factory will allow users to add extra functionality and features through additional module applications that can be automatically downloaded for an instant upgrade.

The benefits

According to Nuls, the fact that major corporations such as Facebook, Amazon, Walmart, ING, IBM, Anheuser-Busch and JPMorgan Chase are creating or exploring their own blockchains powerfully illustrates an “inevitable trend” in which demand for chain-building will increase. Worth noting is that Visa, Mastercard, Uber and others will create nodes on Facebook’s Libra to run their own consortium chains. 

The platform says one of the most powerful benefits it can offer through its straightforward service is the ability to bring innovative products to market up to a year early, in addition to allowing partners to receive ecosystem support through consortium chains.

Nuls is available here

The company also places an emphasis on “ensuring that the blockchains its platform creates are flexible and scalable,” meaning that they can be adapted in line with growing demand and customized to deliver a better service to end-users. In addition, cross-chain transactions are supported and will be built to convert Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Binance Coin (BNB) and more. 

Hackathon

Nuls seeks to illustrate how effective ChainBox is through an online hackathon that invites developers to build modules for “the world’s most adaptable blockchain” — even if they haven’t worked with these networks in the past. 

These modules can be built in any coding language the developer desires, and prizes of up to $500,000 are up for grabs. The top prize is reserved for applications that would solve a practical problem and be in substantial demand in a commercial setting. The winning project will enjoy incubation and a full range of business support, including funding and potential exchange listings, according to the team. The hackathon is scheduled to take place online from July 8 to Aug. 29.

The company has dual headquarters in the Chinese city of Chongqing and in San Jose, California. Nuls adds that it has an ever-expanding team of developers throughout Europe, as it pursues a vision of bringing an open-source, instant blockchain-building platform to the world.

Learn more about Nuls

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Posted on

Investors Prefer Ethereum (ETH) to Bitcoin Cash (BCH)

Ethereum ETH

The CEO of Three Arrows Capital, Su Zhu cooked up a storm on Twitter after
asking for a vote to answer his query:

 “Bitcoiners, someone gives
you 10k USD. Would you rather hold it for 5years as ETH, BCH, and USD or just
spend it?”

As far as digital assets are concerned, it appears as if most voters
would settle on (ETH) than Bitcoin Cash (BCH). From his Twitter pool, final
results revealed that ETH had 69 percent of the vote compared to 11 percent of
Bitcoin Cash.

Earlier, Roger Ver, Bitcoin.com’s CEO argued that Bitcoin Cash (BCH) price would surpass Ethereum (ETH). But the controversial “Bitcoin Jesus” didn’t stop there. He asserts that BCH was better placed and would gain global recognition faster than Ethereum (ETH) and even Bitcoin.

Despite the result, Bitcoin Cash performance in Q1 2019 was
impressive. It surged, expanding five folds after bottoming in Dec 2018 when it
crashed to $75. At spot rates, the coin is trading above $270 making it one of
the top performing coins in the top-10.  Perhaps
a trigger to this demand was not only recovering Bitcoin prices but the
introduction of Bitcoin Cash based derivatives.

According to data from Crypto Facilities, more than $50 million
of the Bitcoin Cash contracts have so far been closed. Sui Chung, the Head of
Indices and Pricing Products at Crypto Facilities said:

“We began to onboard Kraken users … [and] that’s basically given us better exposure to the communities around Litecoin and Bitcoin cash, and I think what we’re seeing is those communities have a pretty strong interest in trading derivatives for Litecoin and Bitcoin cash, respectively. The volumes have gone up pretty appreciably”

Ethereum (ETH) Versus Bitcoin Cash (BCH)

Ethereum is the market’s second largest cryptocurrency as far as market cap is concerned, and its enthusiasts claim that it can only be rivaled by BTC in terms of its importance to the crypto world at large. Because of what Ethereum brings to the blockchain table, the crypto world has moved from pure crypto trading and investing to designing and unleashing applications and solutions based off the internet. If anything, it is a development platform that has stayed true to its calling to bring on the blockchain revolution. 

Thanks to Vitalik and founders’ improvement of the core, the
platform is the to-go to network for smart contract projects, ICOs and dApps
launching. Despite the competition Ethereum has faced, it is unique and has
therefore held its ground against the sudden gush of competing altcoins. At the
same time, Ethereum (ETH) is on a growth spurt breaking its previous resistance
level of $150 and would likely close above $200 in days ahead.

Even so, Ethereum bulls say that comparing ETH to BCH is akin to comparing apples and oranges, for obvious reasons. At first glance, both are desirable assets but Ethereum is more of a development platform as aforementioned. Therefore, its native currency, ETH, is a utility than a text book definition of a “currency”.

Meanwhile, Bitcoin Cash is a Bitcoin fork but with different
ideas on the best way to scale the network. Although fast with plans of
integrating Schnorr Signatures, improving privacy and hard forking in days
ahead, Bitcoin Cash has a long way before it catches up or even replace Bitcoin—the
most valuable coin.

The post Investors Prefer Ethereum (ETH) to Bitcoin Cash (BCH) appeared first on Ethereum World News.

Posted on

Single Address Behind More Than 50% of Bitcoin Cash Transactions: Report

The mystery account has made more than 587,000 transactions since it became operational on April 8.

A single address has been responsible for more than half of the bitcoin cash (BCH) transactions in the past month, according to a tweet by @IamNomad on May 5.

According to the Bitcoin Cash Block Explorer, the mystery account has made more than 587,000 transactions since it became operational on April 8 of this year.

Many of the transactions are for fractional amounts of BCH and they are made with regularity, with three to four new transactions emerging per second.

Overall, the address has received $22,763.06 (80.981 BCH) at press time and has sent $21,546 (76.654 BCH), leaving it with a balance of $1,216.36 (4.327 BCH).

Over this period of the account’s creation to press time, the whole bitcoin cash blockchain has processed 1.17 million transactions — about half coming from the aforementioned wallet. The frequency of transactions could suggest that someone is attempting to drive up the number of transactions to make the network look a lot busier than it actually is, as one commentator responded.

Another theory is that the miniscule transactions are being performed as a test, potentially for a game, with developers taking advantage of BCH’s low fees.

Bitcoin cash was one of the top five performing cryptocurrencies of the past week, according to a Cointelegraph analysis.

A hard fork of the altcoin is scheduled for May 15, with a scaling and privacy code change being enforced to improve its privacy and scalability.

One BCH is worth $287 at press time.

Posted on

Active addresses on Bitcoin Coin Cash Network is Less Than 33% of Dogecoin, Median Transaction Value Below $0.01

Bitcoin Cash BCH

Bitcoin Cash is currently the fourth largest cryptocurrency, well ahead of Litecoin and Dogecoin. However, the number of active addresses on the BCH network is less than 50 percent that of Litecoin and less than 33 percent of Dogecoin at 26,030 in the last 24 hours. Dogecoin has 78,641 while Litecoin has 54, 225 public addresses. Worse, the median transactional value on the network is meager at 0.000038 BCH ($0.0096), according to data from BitInfoCharts.

Bitcoin Cash BCH

These statistics did flare up debate amongst some cryptocurrency analysts and enthusiasts. According to a Twitter user, Melik Manukyan, a network engineer, Bitcoin Cash and Bitcoin SV are notorious for conducting network “stress tests.” He tweets that the two cryptocurrencies periodically spam their systems with bursts of millions of meaningless, small transactions.

The low number of Bitcoin Cash active
addresses may lead to conclusions that the network has low usage. A level
deeper and this reveals that instead of their demand for big blocks, on-chain
blocks are small, averaging 95kb at the time of press. That is almost half of
normal averages of 177kb revealing that despite the clamor, the network make
use of less than 2 percent of the total block size of 8 MB it had proposed as a
way of scaling the network. With these, there are claims now that the coin survives on marketing,
misinformation, & noobs that give it a platform.

According to Dr. Hash, a
cryptocurrency enthusiast and coder, the statistics behind Bitcoin Cash is
worse than they expect. He tweeted
that the median value of BCH being below a cent shows that nobody is using it
despite the high number of payments the network claims to record.

Asides the transaction value being small, the Bitcoin Cash network also has a very low hash rate. At the moment, the network hash rate of BCH is 2.449 EH/s. This is relatively low compared to the 46.952 EH/s recorded on the Bitcoin network. The low hash rate of the Bitcoin Cash network means that some medium-sized Bitcoin miners launch a successful majority attack on the network, reversing transactions and causing havoc.

Bitcoin Cash BCH

Recently, the President of SBI
Holdings revealed that he had plans to promote Bitcoin Cash but didn’t proceed
with the idea following the hard fork that led to the creation of Bitcoin SV.
The SBI president maintains that a cryptocurrency that frequently undergoes a
hard fork is “ridiculous”.

“Coins that frequently hard fork are ridiculous. I was going to promote BCH, but Jihan and Craig ended up fighting, and ABC and SV were born. Jihan side won and inherited the name BCH, but I decided to quit both. This caused the market cap for both coins to fall.”

The post Active addresses on Bitcoin Coin Cash Network is Less Than 33% of Dogecoin, Median Transaction Value Below $0.01 appeared first on Ethereum World News.

Posted on

Why Has Litecoin and Bitcoin Cash Kept Market Momentum Moving?

All eyes have been on Bitcoin this week as it fired up engines and lifted off with a surge of 20% in a couple of days. The move has had the time tested effect of pulling the entire crypto market up as over $30 billion poured back into digital currencies. BTC has not been the only mover though as other altcoins have registered greater gains and two of them are still climbing.

Double Flippening as BCH Takes Fourth

Bitcoin Cash has been on fire this week, far outpacing gains made by its big brother. Earlier this week BCH was trading at around $170 with a daily volume of roughly $460 million. Once the Bitcoin bulls got into gear, its younger sibling literally exploded with a 100% pump to $340 in just two days. Volume is off the chart and has jumped to over $4 billion which is what Bitcoin was trading earlier this year.

Since the spike Bitcoin Cash has corrected to $300 but is
still up over 75% which is more than triple what BTC has made. The move has
enabled BCH to flip both EOS and Litecoin in terms of market cap which is now
$5.3 billion according to Coinmarketcap.com.
Bitcoin Cash has doubled in price since the beginning of 2019 and has been one
of the best performers in this latest rally.

Analysts are looking at a next major resistance level at
$400 as it approaches key long term resistance indicators.

Even Forbes
is now covering BCH and indicates that an increase in Bitcoin Cash futures
trading on Kraken subsidiary Crypto Facilities and the launch of its Simple
Ledger Protocol could be driving momentum. It is more likely to be the fomo
that the entire market has at the moment though.

Litecoin Lifting Off

Litecoin has been the other high cap crypto that is keeping
markets buoyant at the moment. From a start of $60 LTC surged to bounce off
$100 during the rally according to charts on Trading View. The 66%
pump has pushed Litecoin prices to their highest levels since July 2018. Since
the beginning of the year LTC has surged over 190% making it one of the top
performing altcoins of 2019
.   

Volume has also surged from $1.7 billion earlier this week
to over $6 billion driving its market cap over $5 billion for the first time in
nine months. A crossing of the 50 and 200 moving averages last month has been
seen as a very bullish indicator for Litecoin which has continued to climb since.

Litecoin prices began to shift gears following the Mimblewimble
announcements
in early February and a LTC halving event in August this
year is also likely to be driving momentum.

The post Why Has Litecoin and Bitcoin Cash Kept Market Momentum Moving? appeared first on Ethereum World News.

Posted on

Litecoin [LTC] Differentiates itself from Bitcoin: Eye-opening Gain?

Following Coingate’s twitter announcement on LightningNetwork being ready for deployment and set to be soon live on CoinGate, the crypto-silver jumped upwards gaining double digits in a matter of hours. Per time of writing the pair, LTC/USD is changing hands at $25.81 with 8.21% positive movement in the last 24-hours.

Source: coinmarketcap

Additionally, later on, the same day – the founder of Litecoin and much respected throughout the crypto-industry, Charlie Lee opened up about his mission of getting LTC on as many exchanging platforms as he can to boost and support the increase of its liquidity.

For all his followers, he made it known that one of the leading exchanges Gemini has initiated support for LTC.

Beginning of 2018 – Charlie Lee predicted that the “Flappening LTC>BCH” will take place this year while ETH>BTC will never happen as he believes strongly on BTC’s cemented place as the leader of the crypto-verse. On Friday afternoon, in the midst of a further BTC sell-off to $3,150, BCH began to capitulate hard, falling below key support levels and underperforming the market at large. At the same time, LTC began to undergo a slight recovery, bouncing off its year-to-date lows at ~$22.5, posting the only positive performance in crypto’s top 20.

The performance led to confirming Mr. Lee’s 2018 flappening forecast as Litecoin is positioned right now as the 7th largest coin by market capitalization.

The post Litecoin [LTC] Differentiates itself from Bitcoin: Eye-opening Gain? appeared first on Ethereum World News.

Posted on

Bitcoin Cash (BCH) Temporarily Overtakes BSV After Gemini Listing

Gemini Adds Bitcoin Cash Support

Starting today, users of the U.S.-regulated, Winklevoss Twins-headed Gemini platform will be able to deposit Bitcoin Cash (BCH), the chain backed by the ABC client. This development comes via an official statement from the New York-based company, issued through Medium on Thursday morning.

Per the announcement, trading for BCH will commence on Monday, December 10th, while custodial services for the popular altcoin have already started. BCH is now the fifth crypto asset listed on Gemini, now an exchange even more exclusive than Coinbase when it comes to listings. BCH joins Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and ZCash (ZEC), the latter of which was recently added to Coinbase in a surprising turn of events.

BCH trading on Gemini was first announced in May, after the startup received approval from the New York Department of Financial Services (NYDFS), but the Winklevoss Twins were mandated to delay the asset’s launch due to the fork.

Closing off its announcement on the matter, Gemini maintained that the addition of BCH is in-line with the startup’s underlying mission. It was explained by Eric Winer, the platform’s Vice President of Engineering:

“We are excited to add this cryptocurrency to the Gemini platform — the world’s most regulated cryptocurrency exchange and custodian. We are proud to provide our customers with a safe, secure, and compliant method to buy, sell, and store cryptocurrency as we build the future of money.”

Abra Reactivates BCH Trading

Just days prior to Gemini’s surprising announcement, American crypto platform Abra, often touted as a Coinbase and Circle competitor, also made a BCH-related announcement, but in a different context.

Through an official company blog post, the Mountain View-based startup first noted that prior to the November 14th hard fork, it suspended its in-house BCH-centric services. But starting last Monday, deposit, withdrawal, and trading support for the controversial asset resumed. The fintech company then issued a comment on why it chose to back ABC, the client of choice of Roger Ver, Bitcoin.com, and Bitmain, as such a decision was likely deemed disputable.

Abra, headed by crypto advocate Bill Barhydt, noted that it is “becoming clear” that ABC is the dominant chain, presumably due to the block lead and higher PoW statistics the fork had at press time. Yet, the popular crypto-centric platform added that it may “consider supporting” BSV, ABC’s primary competitor chain, in the future, dependent on how two chains play off each other moving into the future.

BCH Overtakes BSV After Multi-Week Brawl

For those who aren’t in the loop, amid this week’s market tumult, BSV, backed by the notorious Craig “Faketoshi” Wright and Calvin Ayre, saw a monumental rally this week, moving up the crypto standings faster than many could utter “HODL.”

In a matter of days, if not hours, BSV began to approach the market capitalization of BCH, with many crypto-centric commentators taking to Twitter to express their disbelief, as many thought the civil war between the two factions ended.

As BTC tanked, falling under $3,500, BCH followed close behind the world’s first cryptocurrency. Although many expected for BSV to follow suit, it didn’t, with the forked asset immediately surging, passing the market capitalization of BCH.

However, with Gemini’s stamp of approval, BCH has started to outperform BSV for the first time in days, recently surpassing its competitor in terms of market capitalization.

The post Bitcoin Cash (BCH) Temporarily Overtakes BSV After Gemini Listing appeared first on Ethereum World News.

Posted on

Bitcoin SV Flips Bitcoin Cash (BCH) Amidst Market Rout

Bitcoin Cash (BCH), Bitcoin SV (BSV), Cryptocurrency–In a turn of events that could have ramifications for the broader market, Bitcoin SV, the fork of Bitcoin Cash that ultimately conceded the name to split currency Bitcoin ABC, has overtaken its rival to claim the fifth largest spot by capitalization.

While every crypto in the top 20, including the number one currency Bitcoin is experiencing double digit losses on the day, Bitcoin SV has managed to climb over 28 percent. The most recent price movement for the coin has led to a “flippening” in investor expectations and market valuation, with SV leaping ahead of its competitor in what has been a contentious split. As previously reported by EWN, the Bitcoin Cash hard fork, which resulted in rival currencies Bitcoin ABC and SV, instigated a “hash war” that nearly destroyed the entire the industry in the fallout.

The two competing forks, led by their respective mining pools and representatives, waged a hash rate war to decide which currency would be most deserving of receiving the original mantle of Bitcoin Cash and carrying on the coin’s branding. On Nov. 23, after two weeks of back and forth banter and plummeting crypto prices, the team behind SV capitulated to their competing rival, and conceded the title of Bitcoin Cash. Speaking at the time, billionaire SV representative Calvin Ayre claimed that his community was prepared to move forward from the conflict created with Bitcoin ABC, and that the mining group and investors “no longer [wanted] the name Bitcoin Cash”–a move that is being proven prescient with the precipitous drop in BCH value as SV continues to climb.

Ayre continued in an interview with Coingeek,

“We have a clearly defined path and this is now ready for implementation. Our definition of winning is SV existing, which was not what ABC wanted, and we are already moving on to grow the ecosystem.”

At the time it seemed like the move meant Bitcoin SV was destined to join the likes of other high profile coins relegated to obscurity (with BCH being a rare exception as a fork of the original Bitcoin), such as Bitcoin Gold, Bitcoin Diamond and Litecoin Cash. Indeed, the price of Bitcoin SV followed suite initially, with the value of the coin slipping relative to the market. But this week SV made a significant turn, and on Dec. 6 was the only coin to post green in a sea of deepening red.

While it’s unlikely that SV will challenge the market capitalization of Bitcoin (BTC) anytime soon, with the original cryptocurrency commanding $58 billion to SV’s $1.9 billion, BSV does a realistic chance of flipping Stellar in the next 24 hours if the trend continues. Following a brief reprieve of falling prices, as Bitcoin climbed above $4000 to reach a relative high in the $4300 range, the last two days have renewed the bearish trend, with prices now hitting their lowest point of the year.

For BSV investors and those savvy enough to purchase Bitcoin Cash ahead of the fork, the recent price movement is a welcome sight as cryptocurrency continues to plummet. However, the coin was not without its controversies leading to this point, including a number of members within cryptocurrency pointing the finger at the vitriol surrounding the BCH fork which kicked off November’s severe decrease in market valuation.

The post Bitcoin SV Flips Bitcoin Cash (BCH) Amidst Market Rout appeared first on Ethereum World News.

Posted on

Bitcoin SV Flips Bitcoin Cash (BCH) Amidst Market Rout

Bitcoin Cash (BCH), Bitcoin SV (BSV), Cryptocurrency–In a turn of events that could have ramifications for the broader market, Bitcoin SV, the fork of Bitcoin Cash that ultimately conceded the name to split currency Bitcoin ABC, has overtaken its rival to claim the fifth largest spot by capitalization.

While every crypto in the top 20, including the number one currency Bitcoin is experiencing double digit losses on the day, Bitcoin SV has managed to climb over 28 percent. The most recent price movement for the coin has led to a “flippening” in investor expectations and market valuation, with SV leaping ahead of its competitor in what has been a contentious split. As previously reported by EWN, the Bitcoin Cash hard fork, which resulted in rival currencies Bitcoin ABC and SV, instigated a “hash war” that nearly destroyed the entire the industry in the fallout.

The two competing forks, led by their respective mining pools and representatives, waged a hash rate war to decide which currency would be most deserving of receiving the original mantle of Bitcoin Cash and carrying on the coin’s branding. On Nov. 23, after two weeks of back and forth banter and plummeting crypto prices, the team behind SV capitulated to their competing rival, and conceded the title of Bitcoin Cash. Speaking at the time, billionaire SV representative Calvin Ayre claimed that his community was prepared to move forward from the conflict created with Bitcoin ABC, and that the mining group and investors “no longer [wanted] the name Bitcoin Cash”–a move that is being proven prescient with the precipitous drop in BCH value as SV continues to climb.

Ayre continued in an interview with Coingeek,

“We have a clearly defined path and this is now ready for implementation. Our definition of winning is SV existing, which was not what ABC wanted, and we are already moving on to grow the ecosystem.”

At the time it seemed like the move meant Bitcoin SV was destined to join the likes of other high profile coins relegated to obscurity (with BCH being a rare exception as a fork of the original Bitcoin), such as Bitcoin Gold, Bitcoin Diamond and Litecoin Cash. Indeed, the price of Bitcoin SV followed suite initially, with the value of the coin slipping relative to the market. But this week SV made a significant turn, and on Dec. 6 was the only coin to post green in a sea of deepening red.

While it’s unlikely that SV will challenge the market capitalization of Bitcoin (BTC) anytime soon, with the original cryptocurrency commanding $58 billion to SV’s $1.9 billion, BSV does a realistic chance of flipping Stellar in the next 24 hours if the trend continues. Following a brief reprieve of falling prices, as Bitcoin climbed above $4000 to reach a relative high in the $4300 range, the last two days have renewed the bearish trend, with prices now hitting their lowest point of the year.

For BSV investors and those savvy enough to purchase Bitcoin Cash ahead of the fork, the recent price movement is a welcome sight as cryptocurrency continues to plummet. However, the coin was not without its controversies leading to this point, including a number of members within cryptocurrency pointing the finger at the vitriol surrounding the BCH fork which kicked off November’s severe decrease in market valuation.