Ethereum Classic Labs collaborates with iZbreaker to launch decentralized application

Ethereum Classic’s development and accelerator organization, Ethereum Classic Labs took to Twitter to reveal their latest partnership.

Ethereum Classic’s development and accelerator organization, Ethereum Classic Labs took to Twitter to reveal their latest partnership. The organization is all set to collaborate with an invite-only community, iZbreaker in order to launch a decentralized application. The tweet read,

#EthereumClassicLabs Partners with iZbreaker to Build and Launch its New Platform on #EthereumClassic. #iZbreaker addresses the current gap in #SocialMedia for user-guided, relevant interactions that feel like real-life engagements. https://t.co/2uMwaO6jbB@iZbreaker#ETC$ETC

— Ethereum Classic Labs (@etclabs) August 28, 2019

iZbreaker is said to use developmental resources of ETC Labs along with its technical and marketing expertise on a new decentralized application.

The announcement was also confirmed by a blog post, in which the CEO and founder of iZbreaker, Count Erik Wachtmeister, suggested that the partnership will accelerate substantial connections all around the world, especially between globally influential people that include, artists, industry influencers, actors politicians and various others. He further said,

“After extensive due diligence, it is clear that ETC Labs and building on Ethereum Classic’s public blockchain is ideal to unleash the power of iZbreaker, achieving our goal of delivering a secure, user-guided discovery experience.”

Ethereum Classic Labs’ CEO, Terry Culver said that iZbreaker’s “unique approach” to build the community while retaining aspects like data sovereignty, integrity and security captured their attention. He also added,

“We were excited about the iZbreaker project and team from the beginning and thought it was an ideal fit for Ethereum Classic’s security, low transaction fees, and stability.”

iZbreaker shelters various features in its platform like the “use of proximity discovery, current modes, respective freemium access to a Lounge, and the invitation-only access to the Club.”

Furthermore, the platform will have to abide by Ethereum Classic’s smart contract, ERC-20.

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Blockchain Technology Industry 2018 Global Market Size, Technology Review, Cost Analysis and …

The increasing implementation of blockchain based smart contract in the North America region driving the Blockchain market in this region. The high …

Infinium Global Research has added a new report on Global Blockchain Technology Market. The report covers the analysis of global as well as regional markets of blockchain technology. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global blockchain technology market is projected to grow at a CAGR of 37.6% over the forecast period of 2018-2024.

Ask for Sample Copy of Research Report with Table of Content @ https://www.infiniumglobalresearch.com/reports/sample-request/1963

What is the Market Size of the Global Blockchain Technology Market?

Blockchain technology is basically the record keeping technology that contains the information within the chain of blocks. Blockchain was invented for Bitcoins in 2008 by Satoshi Nakamoto. In this blockchain, the list or record are linked together by using cryptography. Cryptography is a technique to secure the communication from the third-party. The block is the spreadsheet that contains every information about transactions. Each transaction generates a hash, a string of numbers and letters. Each block in the blockchain contains the cryptographic hash of the previous block. Even a small change in a transaction creates a completely new hash. Therefore, each block contains information about the previous block that will further together make the blockchain. The blockchain is one of the types of the distributed ledger that use to record, share and synchronize transactions in a decentralized manner.

What are the Major Drivers, Restraints, Opportunities, Challenges, and Industry Trends and their Impact on the Blockchain Technology Market Forecasts?

The blockchain is a trending technology nowadays, and various companies are trying to implement it in its business owing to its superior ability to maintain records, cost-effectiveness and other advantages. In order to offer the benefits of blockchain to the broader business community, the companies such as IBM, Amazon, and others are decided to deliver the blockchain technology through the cloud As Service business model that is known as blockchain as a Service (BaaS). The growing adoption of BaaS business model from the Individuals and businesses is driving the growth of the blockchain technology market. In addition, BaaS service offers consumers to use cloud-based solutions to build and host their own black-chain through the apps. The blockchain helps them to manage all the necessary tasks and activities including bandwidth management, hosting requirements, allocation of resources, provides security features and many others.

Furthermore, the rapidly growing use of blockchain in the banks, government and public database are anticipated to escalate the growth of blockchain market. The various banks across the world are introducing the blockchain technology in their fund transferring systems. Lower transaction fees, high transparency and minimize the hacker’s attacks with improved securities are the key functions offered by the blockchain in the banking and other financial sectors. The blockchain is programmed to record not just financial transactions but virtually everything of value so they are very beneficial for IT and Telecom, power generation, Educations systems, and other industry verticals. In addition, the blockchain technology is vastly used by the government and Public Database to keep records. The blockchain is capable of providing fast, secure, and low-cost international payment processing services so they are vastly adopted in the payment transferring services that are expected to contribute to the growth of the blockchain technologies market. However, the blockchain is in the skeptical stage that is hampering the growth of blockchain market.

Moreover, the various utilities are evolving into a distributed and smart power grid. The various organization and the companies are investing in distributed power generation. In utilities, blockchain- technology can be applied to several processes, such as energy credit management, the promotion of green energy, asset optimization, payments within microgrids, prepaid smart meters and payments to distributed generation asset owners. The growing use of blockchain in the power generation industries is projected to create several opportunities in the upcoming years. Additionally, continuous blockchain developments and use of blockchain technology among the various industry verticals are expected to serve more growth opportunities for the companies working in the blockchain technology market.

Which Region will Share the Largest Market for the Blockchain Technology?

Among the geographies, North America holds the maximum market shares in the blockchain market. The increasing implementation of blockchain based smart contract in the North America region driving the Blockchain market in this region. The high adoption of advanced technology and the growing application of Blockchain in the BFSI and healthcare is expected to contribute to the growth of the blockchain technology market in the North America region. In addition, Asia Pacific is the fastest growing region in the Blockchain technology market owing to the growing adoption of the blockchain across various industries such as IT and Telecommunication, BFSI and others. The governments in Asia Pacific region are taking initiative to introduce the blockchain technology in the financial sector to modernize their internal operations and minimize costs that will further create various growth opportunities for the blockchain market in this region.

What are the Market Segments of Global Blockchain Technology Industry?

The report on global blockchain technology industry covers segments such as application and industry vertices. On the basis of application, the global blockchain technology market is categorized into payments, digital identity, smart contracts, documentation, and others. On the basis of industry vertices, the global blockchain technology market is categorized into BFSI, media and entertainment sector, healthcare and life sciences, retail and e-commerce sector, power generation, and others.

What are the Market Major Key Players and the Regions of the Blockchain Technology Industry?

The report provides profiles of the companies in the global blockchain technology market such as IBM Corporation, Microsoft Corporation, Amazon, Blockchain Tech Ltd, AWS, Earthport, BTL Group, Factom, Ripple, and Abra.

Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/ict-semiconductor/global-blockchain-technology-market

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New Hyperledger to be Launched by the Santiago Stock Exchange (STE), and Others

While marketing the Hyperledger network, it was described as an enterprise-focused, permissioned blockchain. However, in recent months, the …

Based on a recent report, the Santiago Stock Exchange (STE), the Global Trade Directory (GTD), and the Central Securities Depository (DVC) has come together to form a new Hyperledger blockchain project to stabilise the Chilean stock market and bring in new investors from overseas.

The Technology Consortium will investigate cases regarding the usage of blockchain in the financial sector, especially in the enhancement of communications for both domestic and international investors in the Chilean stock exchange.

Also, the association of businesses hopes to begin the Business Blockchain Network which will operate a collection of nodes within a year and a half. This interconnectivity is expected to help “reduce applications, times, and costs of administrative processes.”

José Antonio Martinez, the general manager of the Santiago Stock Exchange said that:

“Innovation is a strategic pillar for the Santiago Stock Exchange. Through this Consortium, we seek to generate the best conditions for the stock and financial business, with innovative and world-class solutions,”

Previously, the STE established the Linux Foundation’s Hyperpedger framework in 2018 so as to support short selling and other financial services.

While marketing the Hyperledger network, it was described as an enterprise-focused, permissioned blockchain. However, in recent months, the International Swaps and Derivatives Association (ISDA) also started making use of some parts of the software.

In addition, for the next six months, the consortium will start defining and finalising information about the initiative with input from institutions which got affected by it. Thereafter, production releases are expected within intervals of 6 months.

Bantotal and Bitex

In other news, top Latin American banking provider — Bantotal, has formed a partnership with digital currency exchange— Bitex to facilitate cross-border payments on the continent while utilising the bitcoin blockchain.

The Chief Marketing Officer at Bitex, Manuel Beaudroit said that:

“The integration of Bitex into Bantotal program represents a major step in the breakthrough of blockchain technology in banking.”

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Numerai Deploys Erasure Protocols to Ethereum Mainnet

… will want to use assets like ETH, wBTC, or the native Numerai token (NMR) as they are easily compatible with smart contract escrow requirements.
Reading Time: 2minutesbyAshwath BalakrishnanonAugust 28, 2019&nbspEthereum

Numerai has been making strides since they first launched their outsourced analysis contest. Now, they’ve announced their deployment on the Ethereum blockchain, August 27, 2019. Numerai allows participants to make price predictions for stocks in the Russell 3000 index on a daily basis and be rewarded if they have a strong track record. With the addition of decentralized alternative investment management to Ethereum’s DeFi stack, it shows that anything and everything in financial services can be recreated on Ethereum.

How Numerai Works

Numerai has built two proprietary applications through smart contracts: Erasure Quant and ErasureBay.

Erasure Quant is the contest for daily price predictions on the Russell 3000. Participants are rewarded based on their past predictions, which are locked into an immutable ledger. This is an open template that can now be used by anyone to crowd source information of any variety.

ErasureBay is a decentralized marketplace that allows participants to create signals that can be bought by those seeking that particular information. The point of this is to create a track record for participants signals; as their past performance improves, more people will want to buy their signals.

The project believes that risking money on data is a testament to the reliability of that data. Skin in the game yields more dependable results.

Payment can be done via any cryptocurrency, but it is likely that most participants will want to use assets like ETH, wBTC, or the native Numerai token (NMR) as they are easily compatible with smart contract escrow requirements.

When parties agree to a contract, they stake their asset, and if any participant doesn’t abide by the rules set by the contract, they are punished by having a portion of their staked asset burned.

Deepening Decentralized Finance

Every conversation around Ethereum these days seems to have something to do with DeFi. This particular segment has seen exponential growth in terms of value locked and new developments.

Synthetix and Set Protocol are two high potential projects that help users build investment portfolios. Now that Numerai has been added to the stack, the advent of crowdsourced analysis for financial markets has also reached Ethereum.

At this point, it’s difficult to imagine a financial service that cannot be recreated on Ethereum.

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Cryptocurrency in Focus: Ethereum Aims for ‘Serenity’

… high fees associated with these volumes have been a deterrent to adoption by large businesses, said Ethereum’s founder, Vitalik Buterin, recently.

Leading cryptocurrency project Ethereum (ETHGet Report) garners a lot of attention in the industry, but this is a particularly interesting time for the asset as its ratings have declined over the last two months. Price has also dropped significantly.

As the prominent “smart contract platform” in the space, Ethereum boasts a market cap just over $20 billion at the time of this writing. Ether, ETH, is the native currency and lifeblood of the platform, used as “gas” to pay for network transactions.

Nearing ‘Serenity’

The Ethereum blockchain — or database containing transaction information — currently processes transactions in a similar way to Bitcoin. However, massive development efforts are underway on Ethereum 2.0, also known as “Serenity,” to produce a new type of blockchain capable of greater scale. The need for scalability is key as the number of transactions, and subsequent gas prices, continue to rise on the platform.

This summer, Ethereum ratings have been in decline. Its FCAS (Fundamental Crypto Asset Score) slid 2.43% over the last two months, driven by a 50-point (-5.27%) drop in User Activity. Developer Behavior also fell 1-point (-0.1%), and Market Maturity slipped 18-points (-2.27%). Price is down 41.41% over the same time period.

From a high-level, Ethereum’s slump in User Activity is potentially tied to several trends impacted by scalability concerns. First, existing projects building on top of Ethereum are either launching their own types of blockchains or moving to other platform competitors with better scale and cheaper fees. Second, new projects are simply choosing to build elsewhere, and third, users are engaging with Ethereum’s decentralized applications at a diminishing rate.

Additionally, increasing competition for transaction processing and the high fees associated with these volumes have been a deterrent to adoption by large businesses, said Ethereum’s founder, Vitalik Buterin, recently.

Still, Ethereum’s overall User Activity rating is still very strong, ranking 11th overall.

Our Hot Take

Ethereum has a major head-start in what has been dubbed the “Platform Wars,” where a number of emerging blockchain platforms are vying for supremacy and mass adoption in the industry. These new platforms have benefited from watching Ethereum take the early lead, creating offerings that focus on delivering both greater scalability and a higher level of compatibility with competitor assets and functionality.

While the Ethereum team’s planned move to Ethereum 2.0 is ambitious, a number of projects in the industry are already working concurrently to solve its scalability issues. These projects are known as “Layer 2” solutions and come in a variety of forms.

In all, Buterin and team are highly capable of keeping the Ethereum ship on course to Serenity. The headwinds of scalability and declining use are surmountable challenges as the industry becomes increasingly focused on delivering real use cases through the applications it fosters.

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