Zilliqa Mainnet Launching Soon, Tech Upgrades, Security Enhancements, and More

Zilliqa (ZIL), the high-performance blockchain platform that achieves secure scaling in an open and permission-less network through sharding has just …

Zilliqa (ZIL), the high-performance blockchain platform that achieves secure scaling in an open and permission-less network through sharding has just released their final project update before their mainnet launch on January 31, 2019.

The team at Zilliqa has been extremely busy with numerous thing,s including the final testing before mainnet launch, to ensure the Zilliqa blockchain maintains high levels of security. They have also been taking a phased approach to proper scaling solutions for the network.

External Code Review

To ensure the robustness of Zilliqa’s core protocol code, the team has hired auditors for several rounds of security audits. The auditors responsible for checking Zilliqa’s cryptography and digital security include Beijing Zhenyuan Cybersecurity Co. Ltd, Cure53, Kudelski group, and NCC Group.

In addition to the third-party security audits, the Zilliqa team started a private security bug bounty program in November 2018 in an effort to crowd-source efforts in ensuring security. Come February 2019, the bug bounty program will become public on the Bugcrowd platform.

Tech Updates

While Zilliqa’s core protocol code was being audited, the team at Zilliqa has been working on a number of technical updates to provide the final touch on the codebase and finalize the parameters for mainnet.

One such completed update includes the refining of Zilliqa’s reward mechanism for nodes who successfully verify transactions and sign blocks with the coinbase/gas fees.

Based on the feedback received from miners, the team at Zilliqa changed the reward mechanism to reward miners more equally and to incentivize new nodes to join the network.

Another important upgrade was a network upgrade for both Zilliqa and Scilla so that Scilla smart contracts and states benefit from backward compatibility. More upgrades with Scilla involve small changes to the language and interpreter.

Other important updates include various security updates and improvements to remote/dual mining, whereby the Zilliqa team helped community developer Gully to develop the Zilminer.

Preparing for Zilliqa Mainnet Launch

Apart from what the team at Zilliqa has already accomplished, they have a number of key developments in progress leading up to the Zilliqa mainnet launch.

One of the key things the Zilliqa team will be working on is bootstrapping the mainnet carefully to mitigate attacks when hash power is low. This bootstrap phase will involve the rewarding of miners without any transactions being processed. This will allow time for enough hashing power and/or number of blocks to be achieved.

Furthermore, once the mainnet is successfully launched, Q1 – Q2 2019 will be the window for swapping the ERC-20 Zilliqa tokens to Zilliqa mainnet tokens. The token swap window will be open for several months to allow sufficient time for the swap.

Conclusion

All in all, the Zilliqa team has been working very hard to ensure that, at this crucial time in the network’s history, the Zilliqa mainnet is launched smoothly and securely.

Towards the end of January, we could see some volatility in Zilliqa’s price as big events such as mainnet launches, hard forks, and token swaps often result some price action due to uncertainty.

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Ethereum Classic Hits 1-Day Trading Volume of $112.71 Million (CRYPTO:ETC)

Ethereum Classic (CURRENCY:ETC) traded down 0.8% against the U.S. dollar during the 24 hour period ending at 21:00 PM E.T. on January 16th.

Ethereum Classic logoEthereum Classic (CURRENCY:ETC) traded down 0.8% against the U.S. dollar during the 24 hour period ending at 21:00 PM E.T. on January 16th. One Ethereum Classic coin can currently be purchased for approximately $4.29 or 0.00120192 BTC on major cryptocurrency exchanges including BTC Markets, ABCC, Coinut and Bithumb. Ethereum Classic has a total market cap of $461.85 million and $112.71 million worth of Ethereum Classic was traded on exchanges in the last 24 hours. During the last seven days, Ethereum Classic has traded 0.6% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Ethereum (ETH) traded 1.8% lower against the dollar and now trades at $116.89 or 0.03277344 BTC.
  • Callisto Network (CLO) traded down 1.1% against the dollar and now trades at $0.0035 or 0.00000099 BTC.
  • Musicoin (MUSIC) traded 2.5% higher against the dollar and now trades at $0.0010 or 0.00000028 BTC.
  • Bitcoiin (B2G) traded down 4.1% against the dollar and now trades at $0.0190 or 0.00000532 BTC.
  • Akroma (AKA) traded up 3.2% against the dollar and now trades at $0.0112 or 0.00000315 BTC.
  • Bowhead (AHT) traded flat against the dollar and now trades at $0.0244 or 0.00000377 BTC.
  • Ellaism (ELLA) traded 6.1% lower against the dollar and now trades at $0.0082 or 0.00000230 BTC.
  • Elementrem (ELE) traded flat against the dollar and now trades at $0.0047 or 0.00000120 BTC.
  • DaxxCoin (DAXX) traded flat against the dollar and now trades at $0.0001 or 0.00000003 BTC.
  • WhaleCoin (WHL) traded flat against the dollar and now trades at $0.0007 or 0.00000019 BTC.

Ethereum Classic Coin Profile

Ethereum Classic (ETC) is a proof-of-work (PoW) coin that uses the Ethash hashing algorithm. It launched on July 23rd, 2016. Ethereum Classic’s total supply is 107,746,439 coins. The Reddit community for Ethereum Classic is /r/EthereumClassic and the currency’s Github account can be viewed here. Ethereum Classic’s official message board is forum.ethereumclassic.org. Ethereum Classic’s official website is ethereumclassic.org. Ethereum Classic’s official Twitter account is @eth_classic and its Facebook page is accessible here.

Buying and Selling Ethereum Classic

Ethereum Classic can be bought or sold on these cryptocurrency exchanges: Ovis, C2CX, CoinEx, BTC Markets, Binance, Bit-Z, CPDAX, BCEX, Exrates, QBTC, Coinhub, Coinsuper, BTC-Alpha, ZB.COM, Cryptomate, Huobi, YoBit, BtcTrade.im, Gatehub, Exmo, OKCoin International, C-CEX, RightBTC, Bitbns, Crex24, Kraken, BTC Trade UA, HBUS, Bithumb, HitBTC, BigONE, BitForex, Bibox, CoinEgg, Korbit, ChaoEX, Bittrex, OKEx, Coinone, CoinTiger, Instant Bitex, Poloniex, Coinbase Pro, ABCC, LiteBit.eu, Bitsane, CoinBene, Kucoin, LBank, Coinroom, EXX, Upbit, Bitfinex, Liquid, Indodax, Coinnest, Stocks.Exchange, Coinut, CoinExchange, Gate.io, Cryptopia, Koineks and FCoin. It is usually not possible to buy alternative cryptocurrencies such as Ethereum Classic directly using U.S. dollars. Investors seeking to trade Ethereum Classic should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ethereum Classic using one of the aforementioned exchanges.

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What is The Difference Between Ethereum and Ether?

Ethereum has been in the cryptocurrency realm since 2014, when the founder Vitalik Buterin, a Russian programmer presented the white paper at the …

Jan 24, 2019 01:30&nbspUTC

| Updated:

Jan 24, 2019 at 01:30&nbspUTC

By&nbspPrashant Jha

Ethereum has been in the cryptocurrency realm since 2014, when the founder Vitalik Buterin, a Russian programmer presented the white paper at the Bitcoin Conference in Miami.

Even after dominating the trade markets ever since it was introduced, there is a confusion, i.e What is the difference between the Ethereum and Ether?

The confusion is quite similar to the Bitcoin’s, where people often confused the Bitcoin with the technology underneath i.e. blockchain technology. I would try to make things as simple as it can get so that at the end of it, there is no confusion.

You May Also Read: How To Invest In Ethereum in 2019?

What is Ethereum?

Ethereum is a complete blockchain ecosystem which provides various use cases and blockchain based solutions. While people who are either new or not informed consider the platform and the token the same thing.

Ethereum network allows for the creation of smart contracts, a platform to launch new DApps and even support tokenization, all on the same platform. So, when someone asks you what ethereum is? Instead of telling them that it is the second largest cryptocurrency, tell them its the first complete blockchain based ecosystem.

Ethereum got famous for its smart contracts earlier, which is a hardcoded program with preset requirements. Which if fulfilled the contract can self-execute itself, without the need of any human intervention.

Smart contracts became a rage and it’s still one of the preferred ways of making any new deal in the blockchain realm. However, you must not confuse the traditional contracts with the smart contracts as both of them are quite different. You can learn about the differences between the traditional contracts and smart contracts from our website.

So, Ethereum is not just another cryptocurrency but a complete ecosystem cum platform providing support for different Blockchain use cases.

You May Also Read: 5 Popular Use Cases of Ethereum Smart Contracts

What is Ether?

Ether or ETH is the cryptocurrency which is a must for making any kind of transaction on the Ethereum network. It acts as a fuel or entity of exchange on the Ethereum Blockchain.

Imagine you are a citizen of the United States, so in order to live and go on with your daily routine, you need US Dollars to purchase things. Imagine Ethereum as the United States and the Ether as the currency that you need to operate or live in that ecosystem.

Similarly, Blockchain is a technology and cryptocurrency is one of its use cases. In the past, people have often confused Bitcoin with blockchain or many think both are same.

Ether can be seen as the fuel required for the Ethereum network, it can be used for smart contracts, Dapps or for any kind of transaction you make on the network.

You May Also Read: How To Buy Ethereum?

Ethereum vs Ether

  • Ethereum is the ecosystem and Ether is the fuel or a token of exchange to operate within the Ethereum ecosystem.
  • You can buy, sell and trade Ether, not Ethereum.
  • Ethereum has different uses while the Ether has only one i.e act as an entity of exchange on the platform.

Conclusion

Blockchain Technology, the core of every cryptocurrency and altcoins have various different use cases. However, the technology got overshadowed by the success and noise around the trade market value of Bitcoin.

While Bitcoin Blockchain was invented as a financial entity and form of exchange only, Ethereum focused on building a platform as the founders saw the potential the technology rather than just creating another token. Ethereum focused on creating a true decentralized and Distributed ledger based network, fueled by Ether.

So remember, Ethererum is an ecosystem and Ether is a token of exchange on the Ethereum network

Here Are a Few Articles For You To Read Next:

Prashant Jha

As a content writer Prashant believes in presenting complex topics in simple laymen terms. He is a tech enthusiast and an avid reader.

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Scaling tests show Bitcoin SV handling sustained 64MB blocks for 24 hours

… handling the generation of sustained 64MB blocks over 24 hours straight, another milestone for the only Bitcoin following Satoshi Nakamoto’s vision.

Results from the new Bitcoin SV Scaling Test Network (STN) show that the BSV network is capable of handling the generation of sustained 64MB blocks over 24 hours straight, another milestone for the only Bitcoin following Satoshi Nakamoto’s vision.

In a report published on BitcoinSV.io, Daniel Connolly, lead developer of the Bitcoin SV Node, noted that large blocks had been mined on the Bitcoin SV chain before. A 64MB block was first mined in November, and a 103MB block was mined January 3, on the 10th anniversary of the Bitcoin genesis block. Those are the largest blocks ever mined on a public blockchain. But blocks of that size have not yet been mined for sustained periods.

Recent tests on the BSV STN, however, focused on transaction propagation, by using specialized systems (such as the “Satoshi Shotgun”) to produce large numbers of transactions, propagate them across the network to be received by mining nodes, to then be included in mined blocks.

“What have we seen? Well, sustained 64MB blocks—over a full 24 hour period—with the latest development build of Bitcoin SV are easy. That’s 270 transactions per second, sustained, continuously for a full 24 hour period. Our tests did this over a 24 hour period with no problem,” Connolly wrote in a recent report.

Already, tests for 128MB blocks are underway, and early results are encouraging. “A bit more difficult than 64MB but we’re getting there for sustained 128MB blocks,” he said.

bComm Association Founding President, nChain’s Jimmy Nguyen, said of the achievement, “nChain’s BSV Node team continues to lead Bitcoin scaling work. We know it’s important to show these results in real life, with sustained big blocks on the live BSV network.”

Nguyen added, “The bComm Association will be supporting further Professional Stress Tests, as part of our commitment to build Bitcoin SV into the blockchain for the world’s biggest enterprises.”

One key factor for enabling sustained bigger blocks, according to Connolly, is the need to improve transaction propagation. One metric added by nChain’s team is called “txninvsize,” which is the number of transactions that are queued to be included in inventory messages to a peer. It is the mechanism by which nodes inform other nodes of transactions for propagation. Progress has been made in this regard, with transaction build up greatly reduced in nChain’s recent tests.

Connolly said that through use of the STN, much has been learned for future releases of the Bitcoin SV Node implementation. “What we have learned has not only helped the Bitcoin SV Node team to get to this point but has helped outline a clear roadmap for more short term scaling gains,” he said.

nChain created the Bitcoin SV STN to be its own version of the Gigablock Test Network to research Bitcoin scalability. The STN is designed to be a permanent public test network with regular and consistent large volumes of BSV transactions. nChain is looking for miners and developers to participate in tests on the Bitcoin SV STN, so as to ensure all infrastructure systems involved in the BSV ecosystem are capable of handling high transaction throughput in the future.

“Our goal is to eventually have every ecosystem participant running a test instance of their product on STN—including wallets providers, exchanges, block explorers, BitDBs and more. With the next release of Bitcoin SV, planned for 11 February 2019, this network will be public and available to everyone,” Connolly said.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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XRP (CRYPTO:XRP) Price Down 3.6% Over Last Week

One XRP coin can now be bought for $0.32 or 0.00008832 BTC on popular … XRP’s official Twitter account is @Ripple and its Facebook page is …

XRP logoXRP (CURRENCY:XRP) traded 1% lower against the U.S. dollar during the one day period ending at 20:00 PM Eastern on January 16th. XRP has a total market capitalization of $12.98 billion and $377.65 million worth of XRP was traded on exchanges in the last 24 hours. During the last week, XRP has traded down 3.6% against the U.S. dollar. One XRP coin can now be bought for $0.32 or 0.00008832 BTC on popular cryptocurrency exchanges including Upbit, Bitso, Poloniex and Bits Blockchain.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Tether (USDT) traded up 0.2% against the dollar and now trades at $1.01 or 0.00028219 BTC.
  • Stellar (XLM) traded down 1.5% against the dollar and now trades at $0.10 or 0.00002851 BTC.
  • TRON (TRX) traded 0.7% higher against the dollar and now trades at $0.0264 or 0.00000737 BTC.
  • Bitcoin SV (BSV) traded down 0.5% against the dollar and now trades at $75.43 or 0.02105550 BTC.
  • Binance Coin (BNB) traded down 0.3% against the dollar and now trades at $6.50 or 0.00181232 BTC.
  • NEO (NEO) traded 1.8% lower against the dollar and now trades at $7.58 or 0.00211342 BTC.
  • VeChain (VET) traded down 2.8% against the dollar and now trades at $0.0044 or 0.00000122 BTC.
  • TrueUSD (TUSD) traded up 0.3% against the dollar and now trades at $1.01 or 0.00028224 BTC.
  • 0x (ZRX) traded 7.3% higher against the dollar and now trades at $0.31 or 0.00008602 BTC.
  • Zilliqa (ZIL) traded 4.5% lower against the dollar and now trades at $0.0217 or 0.00000606 BTC.

XRP Profile

XRP was first traded on February 2nd, 2013. XRP’s total supply is 99,991,724,864 coins and its circulating supply is 41,040,405,095 coins. XRP’s official website is ripple.com/xrp. XRP’s official Twitter account is @Ripple and its Facebook page is accessible here. The Reddit community for XRP is /r/ripple and the currency’s Github account can be viewed here. XRP’s official message board is www.xrpchat.com.

According to CryptoCompare, “The Ledger and ConsensusThe Ripple protocol is, at its core, a shared public database. This database includes a ledger, which serves to track accounts and the balances associated with them. The ledger is a distributed database — a perfect, shared record of accounts, balances, and transactions in the Ripple protocol. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world. At any time, anybody can review the ledger and see a record of all activity on the Ripple protocol. When changes are made to the ledger, computers connected to the Ripple protocol will mutually agree to the changes via a process called consensus. The Ripple protocol reaches consensus globally within seconds of a change being made. The consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized transaction settlement on the Ripple protocol. The World’s First Distributed ExchangeNo one owns or controls the Ripple protocol. It runs on computers around the world, all working together to continually maintain a perfect, shared record of accounts, balances, and transactions. Distributed networks offer many efficiencies over centralized networks. Because the network is “self-clearing”, it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are more reliable. They also tend to be more secure, due to their open source nature.”

XRP Coin Trading

XRP can be purchased on these cryptocurrency exchanges: Bits Blockchain, OKEx, Stellar Decentralized Exchange, Cryptohub, Coinone, FCoin, ABCC, CoinEgg, DigiFinex, Fatbtc, Altcoin Trader, BTC Markets, Bitfinex, Binance, Poloniex, Vebitcoin, CEX.IO, Coinrail, OTCBTC, Independent Reserve, Instant Bitex, Coinbe, Liquid, BCEX, Upbit, MBAex, LiteBit.eu, Huobi, Bitstamp (Ripple Gateway), Bitbns, CoinFalcon, Gate.io, Covesting, Stellarport, ZB.COM, Bitinka, Tripe Dice Exchange, GOPAX, LakeBTC, BtcTurk, Cryptomate, BitFlip, Exmo, BitMarket, Bitsane, Zebpay, BX Thailand, HitBTC, Coinhub, BTC Trade UA, RippleFox, CoinBene, Kuna, Indodax, Bitlish, OpenLedger DEX, Bitstamp, Korbit, Bitso, Exrates, WazirX, Coindeal, Koinex, Coinsquare, Bitbank, DragonEX, Braziliex, B2BX, C2CX, Gatehub, Bittrex, Sistemkoin, Coinsuper, Kraken, BitBay, Ovis, Bithumb, Koineks and Ripple China. It is usually not presently possible to buy alternative cryptocurrencies such as XRP directly using US dollars. Investors seeking to acquire XRP should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy XRP using one of the exchanges listed above.

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