BrickBlock (XBB) moved up 20.67% in less than 24 hours

It was good day for BrickBlock (XBB), as it jumped by $0.00432829 or 20.67%, touching $0.02526345. International Cryptocoin Experts believe that …

It was good day for BrickBlock (XBB), as it jumped by $0.00432829 or 20.67%, touching $0.02526345. International Cryptocoin Experts believe that BrickBlock (XBB) is looking for the $0.027789795 goal. According to 2 analysts could reach $0.0557954071219877. The highest price was $0.02529967 and lowest of $0.0208265 for September 13-14. The open was $0.02093516. It last traded at BitMart exchange. Aproximately 1.08M XBB worth $27,380 was traded.

For a month, BrickBlock (XBB) tokens went up 23.00% from $0.02054 for coin. For 100 days XBB is down -21.66% from $0.03225. It traded at $0.01699 200 days ago. BrickBlock (XBB) has 265.00 million coins mined with the market cap $6.69 million. It has 500.00M coins in circulation. It was founded on 17/07/2017. The Crypto XBB has PoA proof type and operates under algorithm.

Brickblock is a blockchain-based project that allows the participants within the ecosystem to sell/invest real-world tokenised assets. Sellers are able to offer real-estate and investment funds to investors. On the other end, Investors purchase asset-backed tokens named Proof-of-Asset token with cryptocurrencies.

Brickblock issued the BBT Ethereum-based ERC20 token, which will be distributed to the contributors of the fundraiser. The BBT tokens are needed to generate new access tokens. The access tokens (ACT) are the fees required to keep the Proof-of-Asset operating and alive.

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How TomoChain’s TomoZ intends to take on Ethereum market share!

All in an attempt to provide a performant public blockchain as compared to Bitcoin and Ethereum. Does it look like its heading somewhere to give …
How TomoChain's TomoZ intends to take on Ethereum's market share!

TomoChain has been experimenting with its blockchain design. All in an attempt to provide a performant public blockchain as compared to Bitcoin and Ethereum. Does it look like its heading somewhere to give Ethereum ERC-20 and ERC-721 a competition?

CEO Long Vuong indeed had some “proud-to-be” statistics to talk about apart from competing against the performance of Ethereum.

The average transaction count over TomoChain has been growing consistently. It had already surpassed 43000 transactions per day. And its 150 active Masternodes continue to generate average staking ROI of 4.86%. That sounds impressive. Listed on Binance, KuCoin, Gate.io, Dapp.com, and Dapp.review, TomoChain has fostered the interest of users.

TomoChain Ethereum

That said, the TomoChain community is already excited, as the company introduces TomoZ- Zero friction protocol. But it is the TomoWallet that is facing major friction. With just 1000 active user count, the product is struggling to see major adoption.

Talking about the TRC-21 standard, Long stated that it is going to be the game-changer. Unlike ERC-20 and ERC-721, TRC-21 allows the users to pay transaction fees with TRC-21 token only. So, the users no longer need to hold Tomo to send TRC-21 tokens. Another noteworthy advantage of TomoZ is the fast 2 second confirmation times.

In the talk Long announced that by 2020 a private smart-contract and token using Zero-knowledge proof will be developed. He also shared that the set-up of a trust-less governance system is expected to complete by early 2020.

That’s not all!

TomoZ and TomoX will be the deployment highlights for the next few months. TomoZ is expected to change the game for the company. It’s all because the projects can use TomoZ to build a tailored stablecoin, digital, and payment system for issuing stablecoins as well. Does that mean no blockchain developers will be required? Let time be the better judge.

And very soon the TomoChain users will have a stablecoin, more games, and DeFi.

Read more updates from Invest:Asia 2019.

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Propy (PRO) risen $0.00126748999999998 during a day

Tokens paid for writing data to the Propy Registry are stored in a special Rewards smart contract on the Ethereum blockchain. These aggregated …

It was good day for Propy (PRO), as it jumped by $0.00126748999999998 or 0.83%, touching $0.153402504. International Cryptocoin Experts believe that Propy (PRO) is looking for the $0.1687427544 goal. According to 4 analysts could reach $0.372627246418709. The highest price was $0.156390159 and lowest of $0.15010703 for September 13-14. The open was $0.152135014. It last traded at HuobiPro exchange. Aproximately 11,692 PRO worth $1,794 was traded.

For a month, Propy (PRO) tokens went up 0.00% from $0.00 (non existent) for coin. For 100 days PRO is up 0.00% from $0.00 (non existent). It traded at $0.00 (non existent) 200 days ago. Propy (PRO) has 100.00 million coins mined with the market cap $15.34 million. It has 100.00 million coins in circulation. It was founded on 25/07/2017. The Crypto PRO has proof type and operates under algorithm.

Propy Utility Token (PRO) is built on the ERC20 token standard to allow for both simple integration into users’ wallets.

Propy has a scalable business model. When a property is purchased, Propy takes a small percentage (starting from 0.2% and averaging 1%) of the final purchase price. Propy charges brokers per transaction.

Tokens paid for writing data to the Propy Registry are stored in a special Rewards smart contract on the Ethereum blockchain. These aggregated amounts of tokens are paid out to the token holders, proportional to the PRO owned. The rewards contract generates a token distribution snapshot every month and distributes rewards for the quarter according to the snapshot. The snapshot is stored in the blockchain, so anyone can verify that rewards were distributed correctly.

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Tether Pulls a ‘CryptoKitties’, Clogs Ethereum Network

For instance, sending ETH from one place to another (a simple transaction) is far less costly than conducting a smart contract transaction (a token …

Network congestion from Tether trading is grinding the Ethereum network to a halt with an estimated 100,000 transactions stuck in limbo.

The Ethereum network is experiencing intense network congestion, creating long wait times for users attempting to conduct transactions.

Tether trading volume (now at $18 billion) appears to be responsible, as it now constitutes at least half of the network’s capacity.

Moreover, the number of Tether token contracts have more than tripled in the past month (from 50K to 150K).

Tether token contracts on the Ethereum network

According to Etherscan.io, Ether’s network utilization has moved past the 90% level.

Consequently, it’s not surprising to note that more than 100,000 on-chain transactions were stuck recently, taking hours – in some cases days – to complete.

Redditor ‘OogieFrenchieBoogie’ complained that several of his transactions were still pending after 10 hours.

I’ve 3 pending transactions, pending for more than 10 hours, I’ve selected the “slow” mode on metamask, but 10 hours is really slow, right?

Transaction fees are likely to rise substantially as a result, potentially making Ethereum less attractive to corporate users.

ERC20 Tokens

While the reason for this increase remains far from clear, the continuing popularity of ERC20 tokens may be playing a role.

For instance, Binance began limited USDT deposits to (ethereum-based) ERC20 tokens in July.

As a result, loyal Binance users began trading in their Omni (bitcoin-layer) Tether for ERC20 Tether, eventually putting a strain on the ethereum network.

At present, more than 40% of all Tether is transacted on the ethereum network.

In late 2017, ERC20 gaming tokens severely congested the ethereum network as well. Then, users of the CryptoKitties gaming app constituted 20% of network traffic.

As it was impossible to increase network capacity at the time, CryptoKitties was compelled to raise transaction fees.

Raising The Blocksize Limit

Thus, as with bitcoin earlier, cries that ethereum must increase its blocksize are mounting.

Although the ethereum blocksize is a mere 20,000 bytes, it retains a soft limit dependent upon whether a simple or token transaction is conducted.

For instance, sending ETH from one place to another (a simple transaction) is far less costly than conducting a smart contract transaction (a token transaction).

And being a token, a tether transaction requires more gas than a simple transaction.

Currently, ethereum is handling roughly half as many transactions as it did when it was last congested (January 2018). Even as the gas limit has remains the same.

However, as half of these transactions are token transactions, they require much more gas.

Fortunately, miners have it within their control to increase the gas limit (by majority vote) for any given block

Otherwise, raising the block size limit in order to increase network capacity will become a rallying cry.

Network Efficiencies

Those reluctant to see the blocksize increase point to greater network efficiencies as an alternative solution.

This includes quickly getting rid of orphaned blocks, a proposal that has been implemented with some success.

In addition, the upcoming Istanbul hard fork will impactdata storage, the mining protocol, and code execution.

However, it’s unclear to what extent this will relieve the current network congestion.


Images courtesy of Etherscan.io, Pixabay

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BrickBlock (XBB) registered 1.38% step up on September 11-12

It was good day for BrickBlock (XBB), as it jumped by $0.000284896 or 1.38%, touching $0.02092205. Crypto Analysts believe that BrickBlock (XBB) is …

It was good day for BrickBlock (XBB), as it jumped by $0.000284896 or 1.38%, touching $0.02092205. Crypto Analysts believe that BrickBlock (XBB) is looking for the $0.023014255 goal. According to 7 analysts could reach $0.0425752524420521. The highest price was $0.024857176 and lowest of $0.0146917306 for September 11-12. The open was $0.020637154. It last traded at BitMart exchange. Aproximately 564,899 XBB worth $11,819 was traded.

For a month, BrickBlock (XBB) tokens went down -0.80% from $0.02109 for coin. For 100 days XBB is down -33.45% from $0.03144. It traded at $0.01815 200 days ago. BrickBlock (XBB) has 265.00 million coins mined with the market cap $5.54 million. It has 500.00 million coins in circulation. It was founded on 17/07/2017. The Crypto XBB has PoA proof type and operates under algorithm.

Brickblock is a blockchain-based project that allows the participants within the ecosystem to sell/invest real-world tokenised assets. Sellers are able to offer real-estate and investment funds to investors. On the other end, Investors purchase asset-backed tokens named Proof-of-Asset token with cryptocurrencies.

Brickblock issued the BBT Ethereum-based ERC20 token, which will be distributed to the contributors of the fundraiser. The BBT tokens are needed to generate new access tokens. The access tokens (ACT) are the fees required to keep the Proof-of-Asset operating and alive.

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