Dogecoin hard fork to be launched in 2018

Price of DOGX tokens may become even higher when full power of smart contracts will be unleashed,” states the post. According to BitcoinTalk, smart-contract integration with Dogecoin platform will make the coin more functional in real life. Original coin holders will get one new token for each unit on …

Created in 2014 as joke cryptocurrency, Dogecoin has gained traction among cryptocurrency users. Today, with nearly $740 million in capitalisation it ranks 33rd among major cryptocurrencies. By the end of the year a group of developers plans to introduce a Dogecoin hard fork, called Dogethereum (DOGX).

On February 5, developers from Dogethereum Bridge project successfully put DOGE through Ethereum Rinkeby test network, which helps to solve the scalability issue of the second key cryptocurrency. Dogecoin hard fork developers later talked about the new project on BitcoinTalk forum:

“Dogethereum is new decentralized digital currency, it will be founded on snapshot of popular Dogecoin, based on ETH algorithm with fastest speed of transactions, smart contracts.”

The ICO is not being considered, and the coin can be mined using plain graphics processors, being a “free for all” undertaking.

“There are no any ICOs, premines or other manipulations… there are no extra commissions, fees or predefined stakes. Project starts free for all, easy for initial GPU mining and making good profits. Price of DOGX tokens may become even higher when full power of smart contracts will be unleashed,” states the post.

According to BitcoinTalk, smart-contract integration with Dogecoin platform will make the coin more functional in real life. Original coin holders will get one new token for each unit on hands. The distribution procedure will be announced later.

Zcash Price Reaches $443.25 (ZEC)

Zcash (CURRENCY:ZEC) traded 4.4% higher against the U.S. dollar during the twenty-four hour period ending at 23:00 PM Eastern on January 30th. One Zcash coin can now be bought for approximately $443.25 or 0.04143300 BTC on major cryptocurrency exchanges including Altcoin Trader, Bithumb …

Zcash logoZcash (CURRENCY:ZEC) traded 4.4% higher against the U.S. dollar during the twenty-four hour period ending at 23:00 PM Eastern on January 30th. One Zcash coin can now be bought for approximately $443.25 or 0.04143300 BTC on major cryptocurrency exchanges including Altcoin Trader, Bithumb, Bitfinex and Allcoin. Zcash has a total market capitalization of $1.48 billion and approximately $97.67 million worth of Zcash was traded on exchanges in the last 24 hours. In the last seven days, Zcash has traded 8.3% lower against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last 24 hours:

  • Bitcoin Gold (BTG) traded 2.4% lower against the dollar and now trades at $126.63 or 0.01183730 BTC.
  • ZClassic (ZCL) traded down 4.6% against the dollar and now trades at $146.94 or 0.01373550 BTC.
  • Komodo (KMD) traded 7% lower against the dollar and now trades at $4.50 or 0.00042049 BTC.
  • ZenCash (ZEN) traded up 7.3% against the dollar and now trades at $38.15 or 0.00357187 BTC.
  • Hush (HUSH) traded down 5.5% against the dollar and now trades at $2.13 or 0.00019952 BTC.
  • Zero (ZER) traded 3% higher against the dollar and now trades at $1.74 or 0.00016275 BTC.

Zcash Coin Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 3,331,656 coins. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. The official website for Zcash is z.cash. Zcash’s official message board is forum.z.cash.

According to CryptoCompare, “ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Block explorer data from https://explorer.zcha.in/ “

Buying and Selling Zcash

Zcash can be bought or sold on the following cryptocurrency exchanges: YoBit, Bit-Z, Cryptopia, Mercatox, Lbank, Coinrail, Tux Exchange, Altcoin Trader, BigONE, The Rock Trading, Kraken, Bitlish, Bittrex, WEX, Binance, CEX.IO, Gate.io, Qryptos, Bitfinex, Waves Decentralized Exchange, CoinEx, HitBTC, LiteBit.eu, BX Thailand, Trade Satoshi, Exmo, Exrates, C-CEX, Huobi, OKEx, LocalTrade, BTC-Alpha, CoinExchange, Abucoins, Coinroom, Allcoin, Poloniex, Bithumb, GOPAX, Cryptomate, BCEX and Upbit. It is not possible to purchase Zcash directly using US dollars. Investors seeking to trade Zcash must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

Receive News & Ratings for Zcash Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Zcash and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Crypto markets stuck in regulatory limbo face push out of business

Legislation enacted in April lets companies that have applied for approval continue running cryptocurrency exchanges on a provisional basis while they await a decision. Coincheck, which saw some 58 billion yen ($538 million) of the virtual currency NEM stolen Jan. 26, is one such provisional operator.

TOKYO — Japan’s Financial Services Agency will consider urging unregistered virtual currency exchange operators to withdraw their applications for approval if the regulator finds fault with their internal controls and information security measures.

This approach, aimed at encouraging tighter security and restoring users’ trust, comes in the wake of last month’s massive heist at operator Coincheck.

Legislation enacted in April lets companies that have applied for approval continue running cryptocurrency exchanges on a provisional basis while they await a decision. Coincheck, which saw some 58 billion yen ($538 million) of the virtual currency NEM stolen Jan. 26, is one such provisional operator.

The FSA previously treated operators awaiting approval the same as registered ones, saying that both were under legal oversight. But this window now appears to be closing.

Minister of Finance Taro Aso told reporters Friday that exchange operators awaiting approval would undergo on-site inspections. As of Wednesday, five such businesses had been probed. Aso warned investors to “bear in mind that provisional operators are still in the application process.”

After the Coincheck theft, the FSA decided to investigate the 15 other applicants, on concerns that Coincheck was “just the tip of the iceberg,” in the words of one agency official.

Forty companies had applied to run virtual currency exchanges as of September, when the FSA announced the first round of approvals. Since then, 14 have successfully registered. Of the remaining 26, 10 have closed down, leaving 16 operating while in limbo.

Starting this month, the FSA has informed multiple applicants that based on the results of inspections and monitoring, they have no hope of approval unless they drastically improve their operations. The agency is also working to identify operators that experience repeated system trouble or fail to ring-fence customer assets.

This is not to say that no exchange operators stuck in provisional status will eventually meet the criteria for registration. But some may choose to withdraw from the sector if the time and cost hurdles to qualification prove too daunting.

The law imposes no time limit on the application review, creating a gap that the agency has now moved to fill using its authority to perform on-site inspections.

The sector itself is moving to prod operators out of the limbo state. Two cryptocurrency industry groups — the Japan Blockchain Association and the Japan Cryptocurrency Business Association — are poised to agree to form a self-regulatory body, scheduled to launch in April, and only registered exchange operators will be allowed to become members. That decision “likely sends a message to hurry and get registered if you want to stay in business,” according to an FSA official.

The FSA and the industry are at last making similar noises about using the registration system as a badge of reliability to assure customers. But even registered cryptocurrency businesses face problems. One approved operator, the Osaka-based Tech Bureau, encountered a glitch this month in which virtual currencies were sold for free. System troubles have cropped up at big exchanges bitFlyer and Bitbank as well.

Nikkei group company QUICK holds an equity stake in bitFlyer.

Related Posts:

  • No Related Posts

Traders Are Bullish on Bitcoin Rival Ethereum, This is Why

Ethereum largely held steady at around the $900 mark this month, apart from a major drop to $585 on February 6 and an incredible rise to $979 on February 18. Today Ethereum suffered losses again, but so did other cryptocurrencies after President Nicolas Maduro said on Twitter that Venezuela’s petro …

Ethereum largely held steady at around the $900 mark this month, apart from a major drop to $585 on February 6 and an incredible rise to $979 on February 18. Today Ethereum suffered losses again, but so did other cryptocurrencies after President Nicolas Maduro said on Twitter that Venezuela’s petro token raised $735 million in the first day of a pre-sale.

According to cryptocurrency analysts with the Canadian financial outlet Profit Confidential, Ethereum price is expected to significantly grow over the longer term.

Ethereum is currently used as a platform by a wide variety of ICOs as well as other cryptocurrencies. Many corporations are using its smart contracts capability in order to create their own products. Experts believe that as the platform becomes widely used, it will gain more and more movement and this will increase the price of the cryptocurrency.

READ MORE: In Venezuela’s Footsteps: Iran Mulls Own Cryptocurrency Amid US Sanctions

The problem with the ICOs is that they are unregulated and there is nothing to stop a company from escaping with someone else’s money. In most countries it will be almost impossible to hold the culprit to account or win back investors’ money.

But Vitalik Buterin, Ethereum co-founder, has found a solution to the problem. The idea comes from Ethereum’s “decentralized autonomous organization” (DAO). Although the first DAO effort ended in absolute fiasco — a glitch allowed a hacker to steal $60 million,– a new project called The Abyss is reviving the DAO concept with necessary improvements. The Abyss can’t simply accept investors’ cash and disappear; investors can withdraw at any point and get their money back.

“The intention is that the voters start off by giving the development team a reasonable and not-too-high monthly budget, and raise it over time as the team demonstrates its ability to competently execute with its existing budget,” Vitalik Buterin said in a blog post.

As the decentralized usage of the platform becomes more popular, the demand for the cryptocurrency will also increase, analysts claim, adding that Vitalik Buterin “has proven to be wise beyond his years”.

Most of the cryptocurrency enthusiasts are bullish on Ethereum and believe that by July 2018 its rate will exceed $1,500.

Related Posts:

  • No Related Posts

Traders Are Bullish on Bitcoin Rival Ethereum, Here Is Why

But Vitalik Buterin, Ethereum co-founder, has found a solution to the problem. The idea comes from Ethereum’s “decentralized autonomous organization” (DAO). Although the first DAO effort ended in absolute fiasco — a glitch allowed a hacker to steal $60 million,– a new project called The Abyss is …

Ethereum largely held steady at around the $900 mark this month, apart from a major drop to $585 on February 6 and an incredible rise to $979 on February 18. Today Ethereum suffered losses again, but so did other cryptocurrencies after President Nicolas Maduro said on Twitter that Venezuela’s petro token raised $735 million in the first day of a pre-sale.

According to cryptocurrency analysts with the Canadian financial outlet Profit Confidential, Ethereum price is expected to significantly grow over the longer term.

Ethereum is currently used as a platform by a wide variety of ICOs as well as other cryptocurrencies. Many corporations are using its smart contracts capability in order to create their own products. Experts believe that as the platform becomes widely used, it will gain more and more movement and this will increase the price of the cryptocurrency.

READ MORE: In Venezuela’s Footsteps: Iran Mulls Own Cryptocurrency Amid US Sanctions

The problem with the ICOs is that they are unregulated and there is nothing to stop a company from escaping with someone else’s money. In most countries it will be almost impossible to hold the culprit to account or win back investors’ money.

But Vitalik Buterin, Ethereum co-founder, has found a solution to the problem. The idea comes from Ethereum’s “decentralized autonomous organization” (DAO). Although the first DAO effort ended in absolute fiasco — a glitch allowed a hacker to steal $60 million,– a new project called The Abyss is reviving the DAO concept with necessary improvements. The Abyss can’t simply accept investors’ cash and disappear; investors can withdraw at any point and get their money back.

“The intention is that the voters start off by giving the development team a reasonable and not-too-high monthly budget, and raise it over time as the team demonstrates its ability to competently execute with its existing budget,” Vitalik Buterin said in a blog post.

As the decentralized usage of the platform becomes more popular, the demand for the cryptocurrency will also increase, analysts claim, adding that Vitalik Buterin “has proven to be wise beyond his years”.

Most of the cryptocurrency enthusiasts are bullish on Ethereum and believe that by July 2018 its rate will exceed $1,500.

Related Posts:

  • No Related Posts