The Robust Application of Ethereum DAO in Waste Management

Introduction

To adequately understand the application of Ethereum DAO in waste management, an examination of the basic concepts becomes necessary. One such concept is Ethereum.

Ethereum refers to a decentralized platform on the blockchain technology that allows developers to build and deploy decentralized applications (dApps). Ethereum runs smart contracts and these smart contracts are applications which run exactly as they are programmed. As such, they eliminate the possibility of third-party interference, censorship, downtime, and fraud.

According to Vitalik Buterin, the co-founder of Ethereum, the Ethereum dream began from the imagination of a platform that transcends just the financial use cases that are allowed by Bitcoin. Buterin has expressed hope that Ethereum will become the solution for all the use cases of blockchain that do not have a specialized system to aid their operations.

Since its inception, it has gone ahead to experience rapid growth and has also enjoyed rapid adoption by a lot of developers. Several companies are also contributing directly or indirectly to the adoption of Ethereum. For instance, JP Morgan and Microsoft are reportedly some of the organizations that have committed to support Ethereum development through the establishment of the Enterprise Ethereum Alliance. This alliance has the sole purpose of ensuring that the potential of Ethereum is realized across all industries.

Ethereum has contributed to the development of advanced solutions across several industries and the waste management industry is not left out. Waste management refers to all actions and activities involved in dealing with waste right from the production of the waste to its final disposal. That would include, waste collection, transportation, treatment, disposal, and even recycling.

Among other things, waste is managed so as to reduce the adverse effects of improper waste management on health and the environment. However, there is an inadequacy in the current waste management systems. Problems such as lack of proper collection mechanisms, disposal methods, and even lack of in-depth knowledge by the individuals about the environment have all contributed to the inadequacy of the current system. There is, therefore, a need to adopt a system that can foster proper waste management globally.

It is in this sense that the application of Ethereum DAO in the waste management system becomes highly relevant.

Ethereum DAO

DAO also was known as a Decentralized Autonomous Organization is simply an organization operated on smart contracts. Ethereum DAO is one of Ethereum applications and is designed to eliminate the need for middlemen. It can be programmed to digitally achieve all that traditional companies can, even in a more efficient manner. Smart contracts on which the Ethereum DAO operates are simply programs that execute functions just the exact way the creators developed them. Smart contracts can be used for different purposes, including but not limited to transferring of funds and can also be used in the waste management industry. For instance, the smart contracts can be set up to automatically transfer rewards to individuals that have properly managed their waste.

How Swachhcoin Projects Solves Waste Management Issues Using Ethereum Blockchain
Swachhcoin was developed on the Ethereum Blockchain and that endows it with the general innate features of the Blockchain technology. Swachhcoin was specifically built to solve waste management problems using the Ethereum Blockchain and it seeks to do that through different methods.

For one, Swachhcoin uses an extensive infrastructure that comprises of different smart contracts where all actions in the waste management process will be initiated and recorded in a transparent, traceable and irreversible manner. This gives room for adequate transparency in the waste management process. The fundamental properties and nature of the blockchain technology are such that altering codes, influencing or tampering with them are impossible.

Also, several DAO based actions are being carried out using the Ethereum blockchain so as to streamline the traditional functioning of the current waste management industry that is run on an obsolete infrastructure. This, in the long-run, will aid a faster and more effective waste management process while also eliminating all the issues characterizing the current waste management system.

The Swachh DAO, asides the typical features of a blockchain, also has advanced features.

For instance, the SwBIN is programmed in such a way that it allows the feature of decentralized advertisement. With this feature, a Swachh token holder can use his tokens to pay for the advertisement of specific content on SwBIN at any location of his choice.

Swachhcoin also has the Rural Welfare program, the operation of which will be aided by the Swachh DAO. The Rural Welfare Program is a program which is neither philanthropic nor charitable. It is majorly an innovative program to set up waste storage facilities in some villages (and subsequent expansion to other villages) to encourage the villagers to store their waste in the waste storage facility. The waste will be collected and the village will receive the monetary reward in the form of Rural Welfare Funds based on the calculations done by the SwBIN reward calculator. It is expected that the reward will be used for the development of such villages. This process is aided by the Swachh DAO.

Another feature of the Swachh DAO is the Autonomous Philanthropy, where Swachhcoin funds for donation purposes are transferred to specific organizations in a manner which is fair and transparent. The infrastructure that exists on the Swachhcoin eliminates the possibility of funds not being distributed to the organization or person for which it was originally intended. All these are made possible as a result of the implementation of the Swachh DAO infrastructure.

Conclusion

The Swachhcoin through the robust application of Ethereum DAO has a lot of potential benefits both in the short term and in the long run. Such benefits include the creation of a global decentralized waste management ecosystem, the provision of a network that offers extensive infrastructure necessary for proper waste management and the positive alteration of people’s perception about waste to see it as a profitable untapped resource. In addition, it will also benefit the environment as it will lead to an improvement in the environment and ultimately contribute to the profitability of the waste management industry.

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GitHub : https://github.com/SwachhCoin

 

Passive Income Opportunity for SRXIO Token Holders

Securix plans to use the funds raised from the sale to set up a mining operation based in the Netherlands. Achievement of the $42.35 million sale hard cap will ensure that the company can launch at maximum operational capacity

SecurixTherefore, in the unlikely event that the token sale does not reach the hard cap, Securix can still commence mining, but with capacity for increased productivity—and, in turn, increased return on investment—once the operation is up and running.

Investing in the SRXIO token offers a unique opportunity to participate in gross revenue sharing from the company’s Bitcoin mining operation. Each month, the company will distribute 45% of all mined Bitcoin gross revenues to its token holders—an ongoing passive income opportunity.

A Healthy Alternative to Cloud Mining

Unlike cloud mining operations that offer a 1-2 month time cap in the event of unprofitability, Securix is offering a longer-term proposition by way of its fund reserve mechanism.

While the price of Bitcoin remains above $5,000, investors can expect to see returns starting at around 44%, rising to 137% if Bitcoin goes above $10,000.

However, in recognition of the volatility in cryptocurrency values, Securix will be putting aside 10% of the initial funds raised through the token sale as a reserve. This will serve to maintain the mining operation if the price of Bitcoin should fall below $4,000.
Strategic Allocation of Funds

While a healthy 45% of mining gross revenues will be paid out to SRXIO token holders each month, a further 10% will be reinvested in the company through a token buyback program.

The funds from the buyback will generally be used for mining hardware upgrades and for token burning, to secure the value and fix the supply of SRXIO tokens in circulation. If a bear run on Bitcoin is prolonged and the reserve funds are depleted, Securix plans to use the 10% buy back to replenish the reserve at the first opportunity after the Bitcoin price recovers.

SecurixResponsible, Sustainable, and Profitable Mining

In a further commitment to sustainability, Securix is partnering with EXE Energy, which operates a decentralised energy trading platform called EAN-2-EAN. In doing so, EXE Energy is able to provide electricity at a lower cost and from a large number of green energy generators, increasing the sustainability of energy sources while allowing Securix to bypass costly intermediaries.

Further information about the Securix operation, together with its commitment to securing a long-term passive income potential for token holders can be found in the white paper, on the company website.

A World-Class Team of Professionals

The team at Securix are Dutch nationals who are also based in the Netherlands, giving them full oversight of the company’s operations. CEO Jac Donkersloot and COO Damian Strauss are both experienced industry professionals.

They believe the Netherlands offers one of the best locations for a Bitcoin mining operation, due to its political stability, ease of doing business, fast internet speeds, and well developed digital infrastructure. The Securix team has already secured suitable premises, with space for 24,000 units capable of mining around 24.5 BTC per day.

The company has also committed to a sustainable reinvestment strategy whereby 10% of gross revenues will be shared between purchasing new hardware and a token buyback and burn program. These measures will secure the value of the SRXIO token in the longer term.

Securix will commence mining operations in February 2019, and thereafter token pay outs will be made at the end of each month.


Website : https://securix.io

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Medium : https://medium.com/@securixio

Securix

Covex is set to implement the next-generation trader-friendly blockchain-based platform

CoVEX coin, which is a revenue-generating cryptocurrency, will be implemented on Ethereum blockchain under ERC223 standards and a total volume of 150,000,000 CoVEX tokens will be made available for interested participants during the ICO that is set to run from 15th November 2018


CoVEX


In order to ensure that traders who trade in the cryptocurrency market are not restricted from attaining their full potential due to the challenges associated with the current p2p systems, team CoVEX has, therefore, decided to set up this blockchain-based platform that will be the future of trading.

The CoVEX project will be an all-in-one platform where traders can exchange cryptocurrencies, take loans, use a payment gateway & prepaid card services, copy trade skills and compete with each other’s trades within their investment groups.

The CoVEX project has assembled Blockchain Developers, Cryptographers, System Analysts and Database Developers with decades of experience and a proven track record in implementing related platforms.

CoVEX
“Our principal goal is to become an industry standard and a one-stop shop for trading in tokenized funds,” said J Mohan, founder & CEO. He stated further that; “the CoVEX mission is to connect traders by creating a one-stop evolving platform where payment providers, developers, merchants, tech enthusiasts and entrepreneurs interact.”

In order to ensure that traders who trade in the cryptocurrency market are not restricted from attaining their full potential due to the challenges associated with the current p2p systems, team CoVEX has, therefore, decided to set up this Blockchain-based platform that will be the future of trading.

The CoVEX building it’s platform in consideration with the evolution of the decentralized landscape, CoVEX provides its users transparency in transactions with enhanced security and assured of absolute control over their trading funds and investments.


CoVEX


For more information or inquiries about the CoVEX platform please visit :

Official website

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For official CoVEX logo

Bitcoin Cash, Litecoin and Ripple Daily Analysis – 02/09/18

Bitcoin Cash makes a move to leave the majors in its wake, in what’s been a testy start to the day following Saturday’s rally.

Peoples TokenBitcoin Cash Hits $600

Bitcoin Cash rallied by 14.1% on Saturday, following Friday’s 0.61% gain, to end the day at $618.9.

Bitcoin Cash steered clear of the day’s first major support level at $534.03, with a start of a day intraday low $541.2, as a broad based market rally kicked in, with Bitcoin Cash breaking through the day’s first major resistance level at $549.13 and the second major resistance level at $556.37 to a late morning high $572.

An early afternoon move saw Bitcoin Cash break through the day’s third major resistance level at $571.47 to an intraday high $633.3 before easing back, Bitcoin Cash hitting $600 levels for the first time since 18th August.

At the time of writing, Bitcoin Cash was 5.51% to $653, with Bitcoin Cash managing to recover from a start of a day dip to a morning low $603, breaking through the day’s first major resistance level a $654.4 with a morning high $656.

For the day ahead, holding above the day’s first major resistance level at $654.4 would support a continued run that would bring the day’s second major resistance level at $689.9 into play, the crypto bulls eyeing $700 levels, though we can expect some profit taking before the weekend is out, with investors wary of possible negative news hitting the wires at the start of the week.

Failure to hold above $654.4 through the morning could see Bitcoin Cash take a hit later in the day, though we would expect sub-$600 support levels to be left untested, barring materially negative news hitting the wires.

{alt}Litecoin Steadies

Litecoin gained 6.95% on Saturday, following on from Friday’s 3.1% rise, to end the day at $66.45, its highest close since 7th August.

Tracking the broader market, Litecoin moved from a start of a day intraday low $62.12 to a morning high $64.87, breaking through the day’s first major resistance level at $63.44 and second major resistance level at $64.74, with day’s first major support level at $60.19 left untested.

An early afternoon breakout saw Litecoin hit the day’s third major resistance level at $67.99, with an intraday high $67.96, before easing back in the final hours.

TIPAt the time of writing, Litecoin was down 0.26% to $66.30, with Litecoin sliding to an early morning low $64.52 before finding support, the day’s first major support level at $63.06 left untested early on.

For the day ahead, a move through a start of a day morning high $66.47 would support a run at $67 levels to bring the day’s first major resistance level at $68.9 into play, with Litecoin needing to hold on to $66 levels through the morning to support second half of a day rally.

Failure to hold on to $66 levels could see Litecoin slide back through $65.5 to bring the sub-$65 levels and the day’s first major support level at $63.06 into play. Holding above $65.5 through the early afternoon would be key to Litecoin avoiding a reversal of Saturday’s gains.

{alt}Ripple Makes a Splash

Ripple’s XRP gained 3.59% on Saturday, following Friday’s 0.09% rise, to end the day at $0.34703.

Bucking the trend across the broader market, Ripple’s XRP had a choppy morning, moving through the day’s first major resistance level at $0.3417 to a morning high $0.34406 before pulling back to $0.33 levels.

Tracking the broader market through the afternoon, Ripple’s XRP broke back through the first major resistance level and the second major resistance level at $0.3483 to an intraday high $0.354 before pulling back to $0.34 levels in the final part of the day.

At the time of writing, Ripple’s XRP was down 0.77% to $0.34455, with Ripple’s XRP sliding to a start of a day morning low $0.3377 before recovering, the morning low holding above the day’s first major support level at $0.3365.

For the day ahead, a move through $0.3453 would support a run at a start of a day morning high $0.34721 to bring $0.35 levels and the day’s first major resistance level at $0.3558 into play, a reversal of the morning’s slide providing the crypto bulls with some hope of a second half of a day recovery, while some profit taking off the back of 2-consecutive days of gains may limit the upside later in the day.

Failure to move through and hold above $0.3453 could see Ripple’s XRP pullback through the morning low $0.3377 later in the day, with the day’s first major support level at $0.3365 and sub-$0.33 levels in play should the broader market fail to track Bitcoin Cash into positive territory.

{alt}


IZXHere at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author Bob Mason
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Dogecoin Price Soars 60% Amid ‘Dogetherum’ Launch

Dogecoin price has soared nearly 60% possibly on reports that an alpha release of Dogethereum has been made available.

DOGECOIN PRICE SOARS 60%

Peoples TokenThe meme-spawned, inflationary-friendly cryptocurrency Dogecoin $0.00590 -6.9% has potentially benefitted from the recent release of Dogethereum, confirming previous rumours Bitcoinist reported in February.

Daily trading volume has also risen to a whopping $144 million from just $5 million days before, according to data from Coinmarketcap, an increase of 2800 percent.

The Shiba Inu-meme based cryptocurrency has reached a market cap of nearly $670 — or around 50% of its all-time high value, putting it number twenty overall, at press time.

DOGETHEREUM

Despite being a tongue-n-cheek project, the cryptocurrency does not lack in users. In fact, Dogecoin — an inflationary coin designed to incentivize spending and tipping — has shown to be more popular for a few periods compared to payment-focused cryptocurrencies such as Litecoin $66.3351 +0.12% and Bitcoin Cash $650.559 +0.36%.

The news comes as Ethereum developer made a decision “that a reduction to 2 ETH was the clear community consensus.”

TIPInitially, Dogethereum was set to be launched as a separate cryptocurrency, whose ticker would be DOGX. It would be created through a hard fork but, eventually, the communities decided not to split the Dogecoin chain.

A demonstration is expected on September 5th showcasing Ethereum and Dogecoin blockchains.

Meanwhile, Ethereum developers are moving forward with plans to migrate to a Proof-of-Stake protocol (Pos) to ensure that it is “scalable and decentralized,” writes market analyst Antonio Madeira of Cryptocompare.

“Ethereum plans to move to a Proof of Stake protocol where a lot less computational power is required and miners can earn rewards according to their balance.”

R. Tyler Smith @R_Tyler_Smith

I’ve been monitoring the community sentiment regarding the proposed mining rewards reduction for Ethereum. I think the community is clearly in favour of a reduction from 3 to 2 ETH per block, and an extension of the ice age for 12-18 months.

 Nevertheless, while the reason for the current DOGE price pump is not entirely clear, the Ethereum $297.210 +0.21% has not followed in its footsteps with only modest price gains over the past 24 hours as its next Constantinople upgrade is slated for October.


IZXHere at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author Allen Scott
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Ethereum Myths Debunked

Ethereum is the world’s first and largest platform used by organizations all over the world to raise funds with Initial Coin Offerings (ICOs).

Peoples TokenHere’s how it usually works: You’re running a start-up. You want to sell your tokens to the public. So you offer them in exchange for Ether, the native coin of the Ethereum platform.

And unless you trade it off, you naturally accumulate lots of Ether in your wallet.

The numbers have been staggering: USD 5 billion raised in 2017 during the Bitcoin boom … and then another USD 15 billion raised so far in 2018, despite the Bitcoin crash.

This illustrates the tremendous potential of ICOs — eclipsing the global market for venture capital and, in the future, possibly emerging as a serious competitor with Initial Public Offerings (IPOs) of stocks.

Starting on May 6, however, the price of Ether turned down sharply. It has plunged from US$829 to US$289, down 65%. Against Bitcoin, it’s down 52% in the same period.

What happened? Is there something fundamentally wrong with Ethereum and the ICO marketplace? Or is this just another of the many crypto crashes that have come and gone in recent years?

As usual, market sages and naysayers favour the former. They try to find a bogeyman or create a bogus theory to explain the decline.

When Bitcoin crashed back in January, the popular conspiracy theory of the day was that the trustee who managed the failed Mt. Gox exchange was dumping in huge amounts.

Plus, a raft of other “experts” declared, for the umpteenth time, that “Bitcoin was dead.”

This time, they’ve come up a whole new theory to explain the “end of Ethereum.”

Supposedly, ICO teams have been dumping their Ether in large amounts, panic-selling all the way down. And this, in turn, seems intended to imply that ICOs — the primary use-case for Ethereum — are losing faith in the entire concept. (See, for example, Peter Saddington and Arthur Hayes, CEO of BitMEX.)

Is this true? As I’ll explain now, the answer is a flat “NO!”

Here’s proof that ICOs are not dumping Ether!

The single source of the latest anti-Ethereum theories is a single website, which tracks the movement of Ether out of ICO wallets.

Trouble is, they’re looking at the wrong numbers: Instead of using the aggregate totals, they’re looking exclusively at a select group of sellers and ignoring the rest.

They point to ICO projects like Cobinhood (COB), which has sold 24,000 Ether in the last 30 days. Or they highlight Atonomi (ATMI), which has sold 13,000. They then portray these kinds of stats as “evidence” that there’s a big Ethereum exodus underway.

TIPBut all it takes is a quick glance at the total picture to reach an entirely different conclusion:

Ethereum Myths Debunked 102

In the chart above, the green line is the price of Ether in U.S. dollars.

The red vertical lines show the movement of Ether out of individual wallets.

And the area highlighted in blue shows the period when most of the selling presumably occurred — between April and June of this year.

Now, here’s the key: During that period, the price of Ethereum was down, up and down again. It ended the period at approximately the same level as it began — near the $600 level.

This means there’s no correlation whatsoever between the selling and the price of Ethereum. If anything, nearly all the “big selling” was offset by equally big buying.

Thus, the reality behind the Ethereum plunge is far less exotic than certain creative imaginations might suggest, namely that …

Liquidity has taken a cliff-dive.

When markets are liquid, prices tend to be more stable. This doesn’t stop them from rising or falling. But it does usually prevent extreme price explosions and crashes.

When markets are illiquid, however, price movements are often greatly exaggerated.

That’s the perennial story so far with cryptocurrencies, even among the more actively traded coins like Bitcoin and Ethereum.

And that’s what largely explains the price crashes we’ve seen most recently in altcoins, including Ethereum. No surprise here! It happens all the time.

Another Big Disconnect

The “ICO dumping” theory also fails to explain why most other altcoins are also seeing their price collapse in tandem with Ethereum.

Could it be argued that ICOs are also dumping Cardano, EOS, NEO, XRP or NEM too? Hardly! Most ICO teams don’t even hold those coins to begin with.

To put some meat behind this point, I ran some correlation stats comparing Ether price movements to those of other altcoins. For the two-month period corresponding to the latest round of price drops, here’s what I found:

Ethereum Myths Debunked 103

EOS, XRP and NEM had a 96% price correlation with Ethereum. NEO’s was 93%. And Cardano’s price movements, despite a bump due to speculation about it getting added to Coinbase, were still 83% in sync with Ethereum’s.

Thus …

Statistically speaking, there’s no significant difference between the price behaviour of Ethereum and other altcoins!

So how do you explain the price decline?

It’s not by concocting fairy tales. Rather, the primary reason for the fall in the altcoins is, again, far simpler: the lack of liquidity combined with a negative overall sentiment toward crypto markets.

And this negativity is nothing more, nothing less than the mirror image of last year’s irrational exuberance.

Markets move in cycles, and illiquidity creates a never ending merry-go-round of fear and hope.

Too much optimism leads to excessive pessimism. Excessive pessimism, in turn, is typically the precursor of new bull markets.

The solution:

More liquidity = more stability

To bring this point home, I have compared two metrics:

Metric #1. Liquidity relative to Bitcoin (left axis in chart below)

Metric #2. Price stability (bottom axis)

Ethereum Myths Debunked 104

Bitcoin, in the upper left of the chart, is the most-liquid and also the most-stable. That’s not a coincidence.

NEO, in the lower left, is among the least-liquid and the least-stable. That’s also not a coincidence.

And Ethereum is in between, proving my thesis: Ethereum’s decline has nothing to do with ICOs. And it also doesn’t mean Ethereum is dying.

With markets continuing to be illiquid, all it does mean is that the next price rise is bound to be just as dramatic as the recent price decline.


IZXHere at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author Juan M. Villaverde
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DD Telegram

IOTA (MIOTA) Records 1 Million Transactions Within 88 Seconds During Test Run

IOTA is the future and the future is now. Time and again, the platform has proven that it is everything a DLT technology should be and more. Yesterday, a Twitter post from Roman Semko stated that’s the Tangle technology processed up to 1 million transactions within 88 seconds with about 300 nodes. The test was done in a simulated environment and it is further prove that IOTA is taking the lead in the DLT industry.

LIONBITIOTA (MIOTA) Price Today – MIOTA / USD

Name Price 24H (%)
Bitcoin (BTC)
$7,065.88
1.1%
IOTA (MIOTA)
$0.73
0.64%

Although the results were gotten during a simulation, it still says a lot about the power of the technology and how far into the future IOTA has moved in comparison to other projects. Achieving over 1 million transactions within a little more than a minute makes tangle the most suitable technology for machine-machine communication. The transactions are close to instant.

The result of this test is also a sign that the IOTA team is doing everything within their power to make sure the cryptocurrency lives up to its goal. A while ago, the IOTA Foundation claimed that it is ready to do whatever is necessary for the success of the project. Everything the platform has accomplished so far is proof that the words are true.

TIPIOTA has been making headlines on the partnership front thanks to its collaboration with Audi and Volkswagen. The rumour in town is that a partnership with Tesla and Uber might be on the horizon.

IOTA (MIOTA) Price Analysis

At the time of writing, IOTA (MIOTA) was trading at $0.713959 which indicates a 5.04% rise against the USD and a 4.39% rise against Bitcoin. The price action is rather impressive since many other cryptocurrencies are trading on a declining trendline. It’s possible that the good news from the IOTA Foundation has contributed in the price boost. The next few days of trading will determine if the price of IOTA will continue to trade in green or if the price action will become negative.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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CBOE May Support Ethereum Futures

The Chicago-based CBOE is reported to be launching Ethereum futures in the impending months. This information, reported by Business Insider, would make CBOE the first United States exchange to have such a listing.

LIONBITReducing The Risk

In cryptocurrency, futures trading allows investors to buy or sell a specified asset at a chosen price at a specific date in the future. These trades are used to mitigate investment risk, as the contract between investor and exchange is immutable.

The source states that futures may launch by the end of this year, with the Winklevoss twins cryptocurrency exchange, Gemini, providing the pricing data. Gemini already provides the data for CBOEs Bitcoin futures which started late last year.

Before moving forward, CBOE wants some extra overlook from the Commodity Futures Trading Commission (CFTC). This group is lead by a Christopher Cryptodad Giancarlo, who has always been fond of cryptocurrencies.

Its important to note that the Securities and Exchange Commission (SEC) doesn’t consider either Ether or Bitcoin as a security. This means that CBOE may face less of a challenge in establishing Ethereum futures due to a lack of regulation surrounding the asset.

TIPFrom BTC to ETH

As one of the exchanges to push Bitcoin futures, it only makes sense that CBOE would jump on Ethereum next. The coin is second in market cap only to Bitcoin, with a convincing use case to boot. That’s not to mention CBOEs interest in all sorts of different cryptocurrency projects fuelling this choice.

However, some have argued that futures trading increases the possibility of shorting the price of an asset. In a market as volatile as cryptocurrency, that is a genuine issue that could contribute to a substantial decline in Ethereum’s pricing.

Cryptocurrency moving into the mainstream is becoming more and more likely. CBOE has also been looking into Bitcoin ETFs, while Gemini is getting comfortable with the NASDAQ stock exchange as well.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Tron Is Working on a Custom Token to Power BitTorrent Platform

Tron Is Working on a Custom Token to Power BitTorrent Platform

Justin Sun, founder of the Tron Foundation, said that it would create a custom token to power the BitTorrent network. The intention is to provide users with a clear incentive to participate on the platform.

LIONBITA Custom Token for BitTorrent

Justin Sun announced that users sharing files on BitTorrent would be receiving a reward. The rewards would be related to the bandwidth they provide.

He went on:

“Project Atlas will connect the BitTorrent peer-to-peer network and the Tron blockchain network via a set of BitTorrent protocol extensions. A custom token and an in-client token economy will address existing limitations and open a new economy for the exchange for value for resources on a global scale.”

This project incentivizes users to continue seeding the file even longer after a download is complete.

Additionally, BitTorrent peers would also offer tokens to incentivize users to run clients on faster networks. Furthermore, they would seed torrents for a longer period of time. Participants would have faster download speeds and the network would work more efficiently.

TIPThe famous virtual currency Tron bought the decentralized file-sharing platform BitTorrent earlier this year. The purchase was valued at $100 million dollars. In addition, Tron has now rolled out the official release of the virtual machine.

“The launch of Tron VM means that Tron will start to translate from the basic infrastructure building to a new stage of the ecosystem expansion,” Sun commented.

During the last months, Tron provided a sandbox for users to test the Tron virtual machine and find possible bugs. After receiving the feedback, Tron made any changes necessary before its official release.

The new version of Tron’s mainnet is called ‘Odyssey 3.0.’ As soon as the code is available for cryptocurrency exchanges, nodes and wallets can start to upgrade.

At the moment of writing, Tron (TRX) is the 12th most important virtual currency in the market with a market capitalization of $1.67 billion dollars. Each token can be bought for $0.0253 dollars.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author  Carlos Terenzi 
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Cardano (ADA) Price Increases Significantly As Emurgo Develops Its First Wallet On The Network Of Cardano

The firm “Emurgo” is owned by one of the founders of Cardano (ADA) – Ken Kodama, and the firm recently announced that it developed Yoroi (the first product of the firm) on the platform of Cardano (ADA). Yoroi is a versatile and secure wallet for Cardano (ADA) designed by the engineering firm behind Cardano – IOHK.

LIONBITAccording to Kodama, Yoroi was designed in accordance with the best software practices and it has passed through several security audits. He added that the fast and secure wallet was designed with the day-to-day use of the Cardano (ADA) client.

Emurgo – the Japanese-based firm – earlier entered into a partnership for the marketing and promotion of blockchain-related businesses for the platform of Cardano. What’s obvious is that the firm believes that launching the wallet on the Cardano network is a positive step in their commercialization efforts on the blockchain project.

The Cardano Roadmap Has Been Updated

According to a tweet by Cardano, the roadmap of Cardano (ADA) has been updated with the announcement of Project Icarus and Yoroi.

TIPCardano (ADA) Still Has the Potential to Excel

The digital currency market is currently in one of its toughest phases. Nevertheless, data shows that the blockchain project has been able to maintain a relatively stable price.

Cardano (ADA) has also experienced a significant increase in its value over the past twenty-four hours.

Cardano (ADA) is currently ranked at number 8 on the list of top digital currencies in the market, though the digital currency is yet to meet its full potential and the team behind it has not stopped pushing the coin higher.

Cardano (ADA) Price Today – ADA / USD

  • cardano
    Cardano(ADA)
  • Price
    $0.099272
  • 1h %
    -0.41%
  • 24h %
    -4.38%
  • 7d %
    -12.61%
  • Market Cap
    $2.57 B
  • Volume
    $61.01 M
  • Available Supply
    25.93 B ADA
  • Rank
    9

Cardano (ADA) is presently worth $0.1045 in the market after gathering gains of more than 4 percent over the past twenty-four hours. The digital currency currently boasts of a market cap of $2.71 billion and its trading volume over the past twenty-four hours is $122.75 million.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author Uma Johnson
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