Posted on

Ethereum (ETH) Founder Vitalik Buterin Eulogizes Zcash (ZEN), Calls It “Cool” Project

Ethereum (ETH) founder Vitalik Buterin has once again eulogized Zcash (ZEN), saying the project is cool. The cryptocurrency guru said this while he was charged to comment about a not too popular coin “ANON”.

Buterin despite the demand, said he comments on coins, stating afterward that Zcash is cool.

“Do you comment on coins besides ETH? I was curious. I do sometimes. @zcashco is cool.”

https://twitter.com/VitalikButerin/status/1028022694963343360

Vitalik’s statement attests to the unique features of Zcash. Series of discussion revolves around Zcash, the privacy coin is been praised by cryptocurrency enthusiasts every time. But some are of the opinion that privacy coins will help in fueling criminal offences on the internet.

Not long, Coinbase announced it’s exploring five assets, among them was Zcash. The announcement was seen as a major boost for the cryptocurrency since not many understand how reliable it is until Coinbase mentioned the coin amidst 4 other assets, which include, Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), and 0x (ZRX).

The exchange mentioned Zcash especially saying: “We may also only enable certain ways to interact with these assets through our site, such as supporting only deposits and withdrawals from transparent Zcash addresses.”

Two days back, Zcash Foundation released a weekly update where it was indicated that Zcashd 2.0 otherwise regarded as the first Sapling compatible version is going to be released tomorrow, August 13, 2018.

A video series dubbed Perspective, a series purposely recorded during the Zcon0 conference, is going to be released. Zcon0 is the first ever conference organized by the Zcash community.

Here is this week’s update:

  • Zcashd 2.0 release
  • Sapling
  • Website rebranding
  • A policy to aid set up of  Zcash meetings.

Many have been talking about privacy in the cryptocurrency sphere. In a latest post by Weiss Rating, it was indicated that

According to Weiss and Villaverde:

“Privacy DLT is a technology that can guarantee the anonymity and privacy of voters, precisely what’s essential for secure, democratic elections. Thus, the same kind of Privacy DLT that Zcash uses for shielding transactions can also be used to create a fast, efficient, anonymous, and secure voting system.”

The pace at which people are embracing privacy coin is alarming. While security experts are of the opinion that privacy coin can serve as an option for criminals online, it is a known fact that privacy is sacrosanct for the fact many a number of individuals are under government’s surveillance.

loading…

Posted on

BBVA to Migrate to Ethereum-Based Educational Platform Soon

The BBVA (Bilbao Vizcaya Argentaria Bank) announced yesterday the launch of its BBVA Campus Wallet platform, a token-based training system which will run on the Ethereum blockchain soon.

BBVA is one of the leading banks in Spanish-speaking countries and the second most important bank of Spain.

Ricardo Forcano

The launch of BBVA Campus Wallet aims to improve the training process of the personnel assigned to this financial group. Ricardo Forcano, BBVA’s Global Head of Talent and Culture, was enthusiastic about the idea, mentioning that BBVA seeks to invest in HRs as a way of improving the quality of its services.

“We are living in a time of transformation when the capacity to learn will become the principal competitive advantage for any organization,”

The use of tokens allows more efficient management of the resources used in training while motivating staff to share their knowledge:

“(BBVA Campus Wallet) assigns value to training through tokens that certify each hour of training taken or given to other colleagues, and opens the doors to all employees – independent of their role – so that they can take courses that until now have only been available by invitation,”

Ethereum: A great ally for Tokenomics Enthusiasts

The Ethereum network is the most important blockchain after Bitcoin precisely because of its ability to manage tokens, mostly in the form of ERC20.

This characteristic has led BBVA staff to plan a migration of its BBVA Campus Wallet platform to the Ethereumblockchain in the near future. In a Press Release, BBVA emphatically stated this:

“The next step of this project is to take the leap into the Ethereum network. BBVA is preparing a trial for this platform so that all token exchanges will be publicly registered and the tokenomics defined in smart contracts. This entails a very important step in BBVA’s firsthand experience with the potential related to public blockchain networks.”

Currently, the platform has benefited over 4000 employees, of whom at least 57% have taken at least one class, causing the creation of 20833 tokens.

The most popular courses according to the institution are related to legal aspects, technology, financial products, and corporate values.

BBVA is not the only institution that targets the use of Ethereum and other blockchains to promote education. Other universities such as Woolf University, Tutelus and Oxford have already had successful experiences in this area.

A new demonstration that blockchain can revolutionize many initiatives beyond the purely economic ones.

Posted on

Is Parity Vote Behind Ethereum’s (ETH) Northward Drive To $650?

The cryptocurrency market is moving northward this days, however, it is important to discuss what is behind the recent bullish run. Ethereum, the second altcoin by market capitalization is also witnessing the same. The altcoin has risen far above $600, and now switches a little below $640 as at the time of writing this article. According to observers, the surprising move could be linked to this weekend’s parity vote which ends tomorrow.

Dubbed as ‘the most fascinating vote in the history of cryptocurrency’ by analyst, the on-going vote has 7 days span. The reason behind the vote is whether the Parity’s 500,000 eth that was mistakenly frozen because of a noticed bug on Parity’s multi-sig should be returned or confiscated. Now 55.6% of Ethereum HODLers are in support of the restoration, while 44.4% do not want it restored. If the yes have it, there will be no choice than to return the fund to Parity.

The question at hand now is that does the ongoing Parity vote have effect on the price of Ethereum in the market or will it add to the value as time goes on.

It is worthy to note that the cryptocurrency space is currently witnessing a boom, it cannot be categorically stated that Ethereum is up in the sky because of the Parity vote. Considering the recent favourable news that Ethereum community have received, the increased value of Ethereum cannot be linked to Parity alone. Until the vote ends, and the fund is returned, it is hard to say that the massive hick in price is because of the vote. However, if the fund is returned, it shows that the users of Ethereum controls the future of the blockchain, and hence, may bring good name to Ethereum. This will translates to a market boom.

How Did The Freeze Happened?

Parity is an Ethereum software client. A code flaw in the software resulted in freezing of $160 million worth of Ether on Monday November 6th 2017. The freeze caused distress and anxiety to the community and affected around 500 eth wallet.

According to the team behind Parity, “a vulnerability in the “library” smart contract code, deployed as a shared component of all Parity multi-sig wallets deployed after July 20th 2017, was found by an anonymous user. The user decided to exploit this vulnerability and made himself the “owner” of the library contract.”

“The user destructed this component. Since Parity multi-signature wallets depend on this component, this action blocked funds in 587 wallets holding a total amount of 513,774.16 Ether as well as additional tokens. Subsequent to destroying the library component, someone (purportedly this same user) posted under the username of “devops199” issue #6995 that prompted our investigation into this matter.”

If the fund is returned, it is going to relieve the team behind Parity and give the Ethereum community a major boost, hopefully.

Posted on

TRON’s $1.7M Airdrop To Ethereum Community Is A Potential Killer

The launch of TRON testnet signals that TRX will soon leave the ERC20 network and move to its personally developed mainnet, which will provide dependable futures for users and developers. Not long after TRON revealed the launch, it stated that the mainnet will be fully deployed in May and that anything that has to do with TRON will move out of ERC20 network, a platform owned and managed by Ethereum.

Now, the TRON team has aired that it earmarked 30 Million TRX (equivalent to approx. USD$1.7M) airdrop to Ethereum community as an appreciation towards Ethereum for their “support during TRON’s ERC20 phase in addition to preparing for the Super Representative Elections after mainnet launch”.  While TRON is making all these moves, the cryptocurrency is as well revealing it will soon be a competitor to Ethereum, and will soon outsmart the platform by becoming a DApp platform. The revelations did not go down well with Ethereum, resulting in the CEO, Vitalik Buterin saying the project has no soul. There is a sense in accepting that one has competitors, there is also a sense in accepting that one’s competitors are not reliable. Maybe Vitalik has chosen to accept the later and move on.

It is a fact that TRON is now Ethereum’s competitor, and the platform is doing everything to become more acclaimed than Ethereum is. This is visible in Justin Sun, founder of TRON’s statements and body languages.

“From today to the last day, we are no longer the ERC20 token and in the future, we will compete with Ethereum as a DApp platform,” Sun had said during the launch of testnet.

“We will compete face to face with Ethereum, and we have confidence we will build a large ecosystem; a much large ecosystem than the Ethereum. I will explain to you why we can surpass Ethereum in the future.”

After declaring to be Ethereum’s competitor, the platform unveiled a whopping sum airdrop purposely for Ethereum community. This is a potential killer for Ethereum, it is in many ways!

The Airdrop Is Nearly For Every Ethereum Users.

The airdrop is majorly for those who have a balance of over 1 ETH after January 1, 2018. It appears like TRON wants to give nearly all Ethereum users the opportunity. Doing this will give Ethereum investors an avenue to experience the newest generation decentralized network and participate in community governance because according to TRON, there are many issues on Ethereum platform that TRON has solved on its main Network.

The airdrop as well gives the Ethereum community an opportunity to experience a high transaction per second development platform and use TRX to vote in TRON’s democratic community. This is saying something that the Ethereum community might not understand. Even though the TRON’s team did not state that Ethereum’s platform is not decentralised, they believe theirs is more decentralized, hence, the reason for Ethereum community to have a taste of a new generation democratic platform. This is purely an enticement for Ethereum community, and it may kill Ethereum, or make it HODlers believe in TRON.

Remember TRON is Moving Everything It Has Out Of Ethereum’s Platform?

TRON team will not only migrate to mainnet, it will as well have its DApps which are right now on Ethereum moved to TRON network. At present, TRON has 100 million users on its DApps, and all the DApps will be migrated to the new platform once it is launched.  There is no way Ethereum won’t feel this, but it will feel the $1.7 Million airdrop the most.

TRON Donates 1 Billion USD To Community

Funny how TRON donated $1.7 Million to Ethereum community, and now the platform is donating $1 billion to its community. The fund is purposely for developers and supporters to make TRON grow. Meaning, in few months after the launch, DApps will flood Mainnet and possibly outnumber that of Ethereum. The way TRON is moving, it actually wants to kill Ethereum, or possibly make it hibernate from the crypto space and if possible render its DApp platform useless.

Posted on

Ethereum Blockchain (ETHLend) Partners With Kyber Network

In a bid to enhance better lending service, ETHLend, a network built with Ethereum blockchain with the aim of offering secured loan to user has partnered with Kyber Network, a decentralized Ethereum-based protocol that grants “instant exchange and conversion of digital assets (e.g. crypto tokens) and cryptocurrencies (e.g. Ether, Bitcoin, ZCash) with high liquidity.”

The head of business at Kyber Network, TN Lee in a statement said, “We are proud to announce that our exchange will integrate with ETHLend to provide instant asset liquidation and token pairing in the first ever decentralized lending marketplace.”

The partnership, which is a great addendum for ETHLend was stemmed by the altcoin’s recent update.

The collaboration will now make the loan network an exchange medium, granting users more preference to “zero fee lending” service of ETHLend. The Kyber platform will now enhance effective and frictionless lend pairs for each ERC20 token in ETHLend DApp.

While acknowledging the partnership, the founder of Kyber, Loi Luu said, “ETHLend provides an exciting financial use-case for blockchain technology. Our partnership embodies our vision to become a solution to empower businesses. With Kyber on the platform, the lender can finance a loan in one token type, while the borrower receive the loan in another. This interaction could bring about greater innovation that could spur the development of the entire blockchain sector.”

On the other side, Stani Kulechov, founder of ETHLend also believes the collaboration will create new and great dimensions for the growth of both firms.

“Kyber provides the decentralized technology to convert LEND to Ethereum or ERC-20 tokens. With Kyber, ETHLend becomes an even stronger participant in the cryptolending market. This strategic partnership is an opportunity for both of us to show how decentralized project interoperability is creating the future of financial applications.”

The wedding of the two platforms will make it possible for holders of LEND/KNC token to use their coin for transaction on the new affiliate’s platform.

Kyber Network

Kyber Network is a decentralized exchange platform for cryptocurrency. It is a trustless exchange system that grants instant conversation of digital currencies. Kyber protocol enhances the liquidating of crypto-assets in blockchain ecosystem.

ETHLend
ETHLend
 (LEND) is a decentralized lending platform built on Ethereum Blockchain that allows everyone to lend in a free market with fair interest rate. Without loss of capital, users can borrow Ether using LEND.

The network development team is striving to create a universal market place where users can borrow at a minimum interest rate.

Posted on

First Time Tokenized USD on Ethereum to be made possible by Tether and Ethfinex

Sometimes to make it, you have to be the first!

In cooperation and partnership with Ethfinex – an Independent different version the Hong Kong based cryptocurrency exchange platform Bitfinex, the leader in delivering tokenized government supported currencies TETHER – today has declared the launch of Tether ERC20 token on the ETH blockchain network. This will be making possible tokenized US Dollar to be exchanged on the network for the first time since in history its has initiated.

Very well known and famous throughout the crypto-community, Tether is the first blockchain network-enabler of traditional known currencies to be tokenized. In example using fiat money to get transactions done in between of different exchanges with no volatility associated with virtual currencies.

The Co-founder of Tether, Craig Sellars stated:

“Following the success of our widely used US Dollar tokenization on the Bitcoin blockchain, this latest version enables interoperability with Ethereum-based protocols and DApps. We believe this new development will reduce the current interbank delays often involved in exchange withdrawal and allow our users access to tokenized USD – a first for the industry.”

“We believe this development will not only open up the world of cryptocurrencies to more mainstream consumers, but also set the standard, and encourage other companies to be more innovative and accessible in their product and service offering at this pivotal time for money and payments.”

Forming the partnership with Ethfinex, makes it possible having a large range of approach to users, keeping in mind it is the leading trading and information place for projects and developments on the Ethereum blockchain network. This will give Tether access to a very back and forth liquid and advanced trading platform for the tokens.

Project leader at Ethfinex – Will Harborne, commented:

“The number of tokens and assets being tokenized on top of the Ethereum platform is growing rapidly, with many proving disruptive to traditional business models. By enabling all ERC20 compatible applications and protocols to integrate tokenized USD, we expect to see enhanced efficiency and further stability on the Ethereum network.”

Joining the pack is a smart-contract project powered debit card which you might have heard before: TokenCard and which also is ETH gateway formed in 2016. With this integrated and the Tether ERC20 accepted, users throughout the market can use traditional fiat currencies for the transactions.

Co-founder of TokenCard – Mel Gelderman stated:

“The launch of Tether fiat tokens on the Ethereum network is a huge step towards mass consumer adoption. This blurs the boundaries of what is considered a blockchain asset versus a ‘regular’ asset and will enable people to own the fiat currencies most familiar to them but in a tradeable digital form.”

“This will make it much easier for the majority to use Ethereum powered platforms, like TokenCard. The option of choosing TokenCard over traditional banks becomes even easier if a national currency can be held in token form. The strength and versatility of the Ethereum blockchain enable a safe and secure means of transferring funds anywhere in the world without needing to use a bank of any kind.”

The upcoming data, list of balances issued to all tether can be verified, viewed and checked on the on-chain deployments of Tether contracts by anyone in particular. This will indicate a 100% transparent demonstration at all time which information and reports will be publicly published on the website.


Read Also:


– For more Cryptocurrency market related Updates and News Follow us on our Facebook and Twitter pages.