Next-Gen Cross-Chain Asset Transfer Protocol Lightning Network 2.0 Officially Launched

At the same time, the transaction charge can be reduced to zero due to the automatic execution of Lightning Network through Smart Contract”, said an executive. According to the executive, Lightning Network 2.0 can be applied widely due to such characteristics as cross-chain, security, high efficiency, …
It is well known that Bitcoin has already begun deploying Lightning Network in order to solve such problems as trading congestion and high service charge of Bitcoin (BTC). Based on Bitcoin’s idea of Lightning Network, Ethereum Community BitUN recently launched its own Raiden Network.

BitUN defines Lightning Network 2.0 – the universal protocol for value transfer that crosses Blockchain networks of different structures by establishing cryptocurrency liquidation and settlement network that resolves the hard problem to perform asset management and circulation on many Blockchain networks securely and conveniently. As Bitcoin, Ethereum and other Blockchain networks apply different network protocols, it’s hard to establish a channel for the lightning network between Blockchain networks of different structures. According to the BitUN developers, Lightning Network 2.0 is a protocol that can securely transfer Bitcoin and other cryptocurrencies from the main chain of Bitcoin to other Blockchains and can securely return them to the main chain of Bitcoin.

“No confirmation from main chain is required when a user’s in Lightning Network changes and cross-chain assets exchange and they are only recorded on BitUN’s Blockchain network and such records can be queried through the Blockchain browser. Only when a user requests to deposit or withdraw BTC it will be written in Bitcoin’s main chain (original chain) block. Therefore, all operations that the user performs through Lightning Network can achieve millisecond speed and Blockchain level security. At the same time, the transaction charge can be reduced to zero due to the automatic execution of Lightning Network through Smart Contract”, said an executive.

According to the executive, Lightning Network 2.0 can be applied widely due to such characteristics as cross-chain, security, high efficiency, and zero service fees. “It’s widely known that currency deposit from the exchanges to wallet or other addresses not only requires a great deal of service fees but also needs quite a long time to be received due to block size limits, network congestion and other reasons, which often brings additional losses to the users. There are the same problems with the currency transfer from wallet to exchanges or other addresses.”

As for common wallets and exchanges, not only do the user needs to register and save different accounts, but also the whole process may take a few minutes or even dozens of minutes and the user needs to bear high service charge at the same time. However, with Lightning Network 2.0, only one account and a very short time are required. In addition, just like it happens in the stock trading market, users can transfer the currency in the wallet to the exchange in the blink of an eye to make transactions quickly following the market trend. Furthermore, no service fee is required for the whole process.

The CEO and managing director of BitUN said that with the deployment of Lightning Network 2.0, users can participate now in high-quality Blockchain projects and market movements faster and safer and will never miss good opportunities due to slow currency deposit. Up until now, BitUN has reached collaboration with dozens of exchanges around the world to create a better Lightning Network 2.0 ecology together. At the end of March 2018, BitUN is about to sign a strategic cooperation agreement with an exchange in Hong Kong to complete the deployment of Lightning Network 2.0, the CEO informed the press.

“Lightning Network 2.0 can also achieve secure and fast decentralized OTC transactions. Essentially, OTC is a currency-to-currency transaction and the buyer pays the cryptocurrency accepted by the seller to complete the transaction. At present, both parties of OTC work through a centralized system and the centralized system restrains both parties. Because of the lack of sufficient trust between strangers, centralized OTC transactions have to face many complaints”, he stated.

“On BitUN, which is established on Lightning Network 2.0, when the buyer and the seller reach a transaction intention, any one party can initiate an OTC transaction contract through BitUN’s Lightning Network to lock the money into the contract and send it to the counterparty after receiving the contract. On the other hand, the counterparty can lock the tokens that it needs to pay in the contract; the transaction is immediately reached when the tokens that both party need to pay are locked. OTC transaction can be completed securely and quickly without the restrictions of earnest money and other centralized conditions and the trust in the counterparty. Lightning Network 2.0 also has a cross-chain feature and can almost support all currencies on the market”, he added.

About the Company

BitUN based on Lightning Network 2.0 is dedicated to building Lightning Network 2.0 into an open protocol of the sector, establishing the world’s largest cross-chain cryptocurrency transfer and liquidation ecosystem with the enterprises in the sector and the community, and promoting faster, safer and more convenient transfer of assets over all chains.

Web: https://www.bitun.io

Telegram: https://t.me/BitUNEN

Facebook: https://www.facebook.com/Bitun-137967700244028/

Twitter: https://twitter.com/BitUN_global

Media Contact

Company Name: BitUN

Contact Person: Media Relations

Email: info@bitun.io

Country: Singapore

Website:https://www.bitun.io/

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Global Low-Cost Satellite Market 2018 : Sierra Nevada, Clyde Space, Planet Labs, Dauria …

Global Low-Cost Satellite Market report encompasses the overall and comprehensive study of the Low-Cost Satellite Market with all its aspects influencing the growth of the market. The 2018 research report on Global Low-Cost Satellite Market is an in-depth study and analysis of the market by our …
Low-Cost Satellite Market
Low-Cost Satellite Market

Global Low-Cost Satellite Market 2018-2023

Global Low-Cost Satellite Market report encompasses the overall and comprehensive study of the Low-Cost Satellite Market with all its aspects influencing the growth of the market. The 2018 research report on Global Low-Cost Satellite Market is an in-depth study and analysis of the market by our industry experts with unparalleled domain knowledge.Accurate forecasts and expert opinion from credible sources, and the recent R&D development in the industry is also a mainstay of the Low-Cost Satellite Market report.

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The Low-Cost Satellite reports provide historic, present, and possible market dynamics and trends with drivers and restraints of the market growth. The analysis also provides key market players with their company details and strategies used to boost the market growth.Thus, we help the readers to be updated with the varying Low-Cost Satellite market dynamics and make decisions and strategies that can help them to maintain and boost the market growth in the present as well as time period down the line.Many trends such as globalization, technology advancement, over-capacity in developed markets, market fragmentation regulation & environmental concerns, and product proliferation are covered in Low-Cost Satellite report.

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Getting down to the basics about Blockchain technology

Blockchain technology is essentially a ledger of information, which can be used to carry out transactions. Data and assets are recorded on the Blockchain itself andare not recorded by one single user. To be clear, the information stored on the Distributed Ledger Technology (DLT) such as Blockchain, …

Malta is attempting to grab the bull by the horns by setting up a legal framework under which the technology can operate.

Senior Partner at Ganado Advocates, Max Ganado, has serendipitously been involved in several areas which coincidentally deal in overriding principles which underpin Blockchain technology.

Blockchain technology is essentially a ledger of information, which can be used to carry out transactions. Data and assets are recorded on the Blockchain itself andare not recorded by one single user. To be clear, the information stored on the Distributed Ledger Technology (DLT) such as Blockchain, is not stored on one person’s computer, for example, but uses a system of ‘nodes’. These nodes contain all the information stored on the Blockchain, meaning if one person’s computer goes down, the information does not go down with it. The term distributed comes into play because the nodes replicate themselves, replicating all the information contained, making it more sturdy and secure.

The next question is why people are making a fuss about the ability to store and carry out transactions on assets through this technology? It is here where Ganado draws parallels with the internet, and how it changed the world on its head.

The Basics

Sitting in the grand offices of the well-respected law firm, Ganado animatedly discussed the global changes brought about through the internet, in terms of communication and access to information, and how Blockchain could potentially herald in another global shake-up.

“When people ask what all the hype is about, the answer is in thinking about those who saw the global development of communication and information exchange and observed the world progress go from zero to where we are today. These people are recognising the implications this may bring about. These same people are realising that ten years down the line, this breakthrough could bring in a huge change and provide facilities to the public surrounding the assets we own. “

He explained how this technology could change the way we deal in money (cryptocurrency), how we deal in shares and bonds, how we deal with records and information such as on our health and education.

“The fact that this technology is supported by digital infrastructure as powerful as the internet, which has security, long-term record keeping, and accounting built into it, means that the quality of the way we deal with our assets is going to improve drastically.”

Practical examples

Due to the digital nature of Blockchain, this has made it difficult for people outside of the technology world to wrap their head around the implications surrounding this new wave. Asked how, in practical terms, this can help a company or an individual, Ganado said:

“Blockchain can be used, because it is a ledger of information, and can be used for a basis for transactions.

“You put a thing, documented or identified on the Blockchain, and you can deal in it. If I want to deal in my shares today, I need to use a broker. With the development we are seeing, you will not need a broker anymore to transfer the shares or to affect the payment of the price. This means it will be cheaper to deal in my assets.”

“The second thing is that it will be faster. Today I have to go through systems of intermediaries. The fact that I can deal directly with people across the table means that I can do things faster. Speed and cost are two main benefits.”

“The third one is that the system is immutable. Once you put a record in, it cannot be deleted. The concept here is that it is not one person dealing with another on the digital platform of the intermediary. The system works by sharing the ledger among as many people plugged into the digital platform.”

“If somebody is hacked and information about an asset is amended, the other ‘blocks’ on the Blockchain are not amended until everybody confirms the change in data. This means your asset is more protected because it cannot be manipulated, and that is another advantage.”

Will this bring in a new revolution?

In one article published by The Malta Independent, an economist described this new wave of technology as possibly bringing in a fifth industrial revolution. Asked about whether Ganado agrees with this characterisation, he said:

“I do agree. Go back to the internet. If you think the internet changed the world, this is going to change the world again.

“The ease of access to information has changed the way whole generations are growing up.

This is going to have the same effect in relation to transactions, and transactions are directly related to the economy. So, I do recognise that the development of this tool is going to have the same effect as very big technological inventions in the past, like electricity and transport.

People used to travel at a certain speed within a certain context, cars and transport changed our lives because suddenly the world got smaller.

In the long run this step is the start of something that is going to change a lot in our lives.”

How are people expected to keep up with these developments?

Currently, the debates surrounding Blockchain and DLTs are highly technical, leaving the public to feel overwhelmed and disengaged with the conversation. On this note, Ganado aptly went back to the internet example and showed how the process was somewhat similar.

“Did people ever bother about the technology around the internet? Nobody cared, the technology developed under everybody’s nose and people started using it when it became easy and user-friendly. People only started using the internet when it became simple to send an e-mail, download information and surf the web.

“What’s happening now is that there is a massive amount of discussion at the early stages because everybody is recognising where it is going to go, so there is a lot of debate about the technology. But when apps develop people will use them and will no longer be interested in the technology. Then the global impact will start to happen seamlessly and easily as we see with the internet today.

For interview in full click here and here

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+44% CAGR to be achieved by Smartphone Security Market- by Solution, Type, End User and …

+44% CAGR to be achieved by Smartphone Security Market- by Solution, Type, End User and Operating System – Global Opportunity Analysis and Industry Forecast profiling key players- AVAST Software, Panda Security, Kaspersky Lab, Quick Heal Technologies Limited, Saison Information Systems.

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Mobile device platforms have become increasingly popular with hackers and cybercriminals as consumers conduct most transactions through mobile devices. Individual users contribute to remarkable monetization, where cell phones and tablets continue to play an important role in consumer banking conversion decisions. As mobile banking improves customer experience and improves adoption, banks and financial institutions are recognizing the need to provide secure financial transactions through mobile devices.

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Global Smartphone Security Market Research Report 2017

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Chapter 2: Global Economic Impact on Industry

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Chapter 4: Global Production, Revenue (Value) by Region

Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6: Global Production, Revenue (Value), Price Trend by Type

Chapter 7: Global Market Analysis by Application

Chapter 8: Manufacturing Cost Analysis

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Amundi Pioneer Asset Management Inc. Grows Holdings in Southern Copper Corp (SCCO)

Acadian Asset Management LLC increased its stake in Southern Copper by 11,067.1% in the 4th quarter. Acadian Asset Management LLC now owns 1,897,732 shares of the basic materials company’s stock worth $90,047,000 after acquiring an additional 1,880,738 shares during the last quarter.

Southern Copper logoAmundi Pioneer Asset Management Inc. grew its position in Southern Copper Corp (NYSE:SCCO) by 511.8% during the fourth quarter, Holdings Channel reports. The fund owned 2,618,966 shares of the basic materials company’s stock after acquiring an additional 2,190,857 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Southern Copper were worth $124,271,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SCCO. Acadian Asset Management LLC increased its stake in Southern Copper by 11,067.1% in the 4th quarter. Acadian Asset Management LLC now owns 1,897,732 shares of the basic materials company’s stock worth $90,047,000 after acquiring an additional 1,880,738 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in Southern Copper in the 3rd quarter worth approximately $14,271,000. Telemark Asset Management LLC bought a new stake in Southern Copper in the 3rd quarter worth approximately $11,928,000. Cypress Funds LLC bought a new stake in Southern Copper in the 3rd quarter worth approximately $8,946,000. Finally, Oakmont Corp bought a new stake in Southern Copper in the 3rd quarter worth approximately $8,827,000. 6.74% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on the company. Zacks Investment Research raised Southern Copper from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a research note on Wednesday, January 10th. Cowen reaffirmed a “market perform” rating and issued a $53.00 price objective (up previously from $48.00) on shares of Southern Copper in a research note on Wednesday, February 7th. UBS Group downgraded Southern Copper from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Citigroup reaffirmed a “neutral” rating on shares of Southern Copper in a research note on Monday, January 22nd. Finally, Santander raised Southern Copper from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $45.07.

Southern Copper Corp (NYSE SCCO) opened at $53.26 on Tuesday. The company has a market capitalization of $41,170.00, a P/E ratio of 27.17 and a beta of 0.48. The company has a quick ratio of 2.00, a current ratio of 3.01 and a debt-to-equity ratio of 0.90. Southern Copper Corp has a 1-year low of $32.63 and a 1-year high of $53.87.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were issued a $0.30 dividend. This is a boost from Southern Copper’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.25%. Southern Copper’s payout ratio is 61.22%.

COPYRIGHT VIOLATION WARNING: “Amundi Pioneer Asset Management Inc. Grows Holdings in Southern Copper Corp (SCCO)” was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/03/06/amundi-pioneer-asset-management-inc-grows-holdings-in-southern-copper-corp-scco.html.

Southern Copper Company Profile

Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit.

Want to see what other hedge funds are holding SCCO?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern Copper Corp (NYSE:SCCO).

Institutional Ownership by Quarter for Southern Copper (NYSE:SCCO)

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