Cocos-BCX, Loom Network and Tron trifecta aiming to change the crypto space for the better

The blockchain technology and cryptocurrency space has always been regarded as revolutionary. Due to the numerous benefits it offers, even top industry players are now looking into its use-cases. One of the key sectors blockchain has proved itself to be beneficial is the gaming sector.
In fact, the gaming sector is speculated to be blockchain’s “killer app,” the catalyst for its mass adoption. Presently, the notable players in the space are TRON, Loom Network, and Cocos-BCX. Recently, United Labs of Blockchain Technology based in China did an analysis of the three leading projects in the space.
Loom Network
It is the second layer scaling solution for Ethereum [ETH], the second largest cryptocurrency in the space and the leading smart contract platform. This scaling solution enables DApps with large transaction volumes to scale to millions of users. More so, Loom achieves this without causing major congestion on the Ethereum blockchain.
The primary product of the Loom network is SDK. It enables developers to build blockchains without the need of understanding its mechanisms. The key feature of Loom SDK is the generation of DApp chain, a Layer 2 blockchain that uses Ethereum blockchain as its base layer. It is an application-specific chain that functions parallel to the Ethereum’s main chain. Here, the rule can be customized based on the use-case of the application, whereas the security is entrusted to the mainchain’s consensus algorithm.
Loom Network currently has three sidechains namely,

PlasmaChain
GameChain
SocialChain

PlasmaChain is a revamp of ZombieChain and is considered to be the most important chain among the three. The chain was rebranded as it was going to be the center-point for token transactions that are linked to Ethereum via Plasma Cash. In simple terms, PlasmaChain is a built-in decentralized exchange that acts as a bridge to Ethereum mainchain and other sidechains, thereby enabling faster and cheaper transactions.
Plasma Cash, on the other hand, is the scaling solution proposed by Vitalik Buterin, the creator of Ethereum, and Joseph Poon, the co-creator of Lightning Network. The solution is basically adding a layer of smart contract that interacts with the main chain. This is done in order to decrease the transaction fees associated with smart contract and developer applications.
Features of PlasmaChain

In order to support ETH, ETC20 and ERC71 token transactions, Plasma Chain is linked to the mainnet
Has it own built-in decentralized exchange
Allows payments of fees in Ethereum and Loom token
Will enable BTC payments in the future
Will link Plasma Cash to Layer 3 chains, with PlasmaChain as the main chain

Plasma Chain architecture | Source: Loom Network
Much to users’ delight, Loom network and Cocos-SDK have partnered up with each other in order to integrate Cocos-SDK in Loom DApp development environment. This basically means that the Loom network would be releasing a developer application chain support for the gaming platform.
TRON
Tron is one of the most popular cryptocurrencies in the space, currently the eighth-largest cryptocurrency by market cap. Tron is also one of the largest blockchain-based operating systems around the world, aiming to surpass Ethereum in the next few months. Unlike Ethereum’s Proof-of-Work [PoW] consensus mechanism, Tron chose Delegated Proof-of-Stake [DPoS] consensus mechanism, which supports smart contracts.
The platform strives towards building a “free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content”. The key features of Tron are high-throughput, high-reliability, and high-scalability, all of which focus on supporting developer applications.
More so, Tron fundamentally has three main layers:

Application Layer
Core Layer
Storage Layer

These layers are further divided into different levels based on their features. Storage Layer comprises of block storage and state storage, Core Layer comprises of Tron Virtual Machine [TVM] and TVM compatibility with Ethereum Virtual Machine [EVM], and Application Layer comprises of DApps and wallets.
Additionally, Tron protocol is well-known because of Protobuf, a protocol that is used to generate code, and which supports multi-language extension. The languages supported on Tron include JAVA, Scala, C++, Python and Go. This enables clients to develop applications in an easier way by unifying the API definitions. It also paves the path for optimized transfer of data.
According to the report, Tron will be collaborating with Cocos-BCX in order to enable cross platform digital asset circulation. The collaboration will ensure the integration of fungible token standard of Tron and CoCos-BCX.
Cocos-BCX
Cocos-BCX is one of the most popular end to end solutions for decentralized game development. The core features of the platform are the game engine, development environment, and its own blockchain. Cocos-BCX, similar to Tron, makes use of Delegated Proof-of-Stake [DPoS] consensus mechanism, thereby ensuring high-throughput, speedy confirmation, community incentive and low resource consumption.
The platform aims to build a “complete run-time environment with multi-game system compatibility,” thereby creating a convenient and perfect ecosystem environment for the development of games on the blockchain. More so, Cocos-BCX also aspires to “bring users new game experience and unprecedented game forms”, wherein users will have complete control over game assets and environment, thereby ensuring fairness and transparency.
Cocos-BCX architecture is divided into four layers,

Application Layer
Runtime Layer
Contract Layer
Blockchain infrastructure Layer

Cocos-BCX architecture | Source: Cocos-BCX
The platform’s Contract VM is noted for using Lua 5.3-based language as it is compatible with most of the library functions and standard Lua syntax. Moreover, the platform will soon provide support for JavaScript as it is the most preferred language by Web game developers.
The key-features of Cocos-BCX are,

Multi-device adaptability and Inter-operable interface
Inter-blockchain exchange converts fungible and non-fungible tokens which have different data structure and standards
Improved DPoS consensus mechanism
Enables execution of smart contracts across blocks
Improved data transmission and high-performance VM solution

The most popular products and protocols of Cocos-BCX are,

Cocos, based on GrapheneTM framework – Max theoretical throughput: 100,000 TPS; tested: 3500 TPS with 3 seconds block intervals
In order to support multiple blockchain systems, Cocos-BCX has its operating system and integrated development environment
It also has distinct protocols for exchange, customization, and universal asset creation

Comparison between Loom Network, Tron, and Cocos-BCX:

System
Feature
Loom Network
Tron
Cocos-BCX

System Layer

Consensus Mechanism

High-throughput support
Each DApp has its own sidechain system, wherein the throughput can be adjusted in accordance to node configuration
Enabled with its DPoS mechanism and lower block generation period
Improved DPoS mechanism and lower block generation period ensure high throughput performance, thereby shortening the redundant computing process in the transaction

High-response support
Latency of transaction response <1s
Latency of transaction response <3s
General transaction response latency <1s. Special latency of transaction <50ms

Business Logic

Randomness support
External source randomness input & Double-blind randomness input
External source randomness input & Double-blind randomness input
External source randomness input, Double-blind randomness input and Internal source randomness input

Transaction atomic merges
Implement atomic operations with combined transactions defined by contract
Implement atomic operations with combined transactions defined by contract
Implement atomic operations with combined transactions defined by contract; combined OPs into one transaction in the form of OP group

Digital Assets

Homogenous Assets

Homogenous Assets Support
Under ERC20
Under TRC10 and ERC20
Under Graphene framework standard

Smart [pegging] Digital Assets Support
Unsupported
Unsupported
Supported

Non-Homogenous Assets

Circulation
On-chain business use; Circulation with Ethereum system
On-chain business use
On-chain business use; On-chain cross-business use without interfering mutual business data; Circulation with Ethereum and EOS networks; Circulation with networks such as TRON, ONT, NEO, etc.

Standard
ERC721x non- homogenous assets standard
Ethereum alike non- homogeneous assets standards
BCX-NHAS-1808 Standard; NVAS-1809 Non- Homogenous Assets Standard

Complex business model support
Unsupported
Unsupported
Support models such as collateralization, lease, pawn etc.

Despite all these features, the report states that there are problems that are inevitable in terms of transaction-level cross-chain docking in blockchain system. Since the security of blockchain is highly dependent on a series of authorization design and complex signature technology, there will be problems with verification, identification, and authorization during the interaction between the main chain and the sidechain.
The report reads, “The interoperability and security become two contradictory issues for the two chain systems. To maintain the existing security mechanism of the blockchain system, it will require various verification modes such as multi-signature, and proposals/voting etc., which will significantly lower the performance [1~3 min/transaction].”
Nonetheless, the three projects are working towards providing the best and the safest platform for developers. In the current scenario, Cocos-BCX seems to be leading the way as it not only provides improved features but is also playing a major role in the adoption of cryptocurrency and the blockchain space.
The platform has formed strategic partnerships with other leading projects in the cryptocurrency space, such as Binance, Nebulas, Loom, Slow mist, HelloEOS, OK Blockchain Capital, and NGC. This indicates that the horizon regarding the cryptocurrency sphere could be on the bright side of development.
The post Cocos-BCX, Loom Network and Tron trifecta aiming to change the crypto space for the better appeared first on AMBCrypto.
Source: AMB Crypto

World Leading Crypto Exchange Bibox Launches Perpetual Contract Trading with No Funding Rate

Bibox, the world-leading AI-enhanced, encrypted digital asset exchange, announced the upcoming launch of perpetual contract trading for Bitcoin (BTC) and Ethereum (ETH) in a statement published on their blog. Bibox will hold an online trading contest from February 18 to March 4, inviting users to experience the new product. Perpetual contracts will be priced in Tether (USDT). According to the statement, no transaction fees will be charged during the contest.
A perpetual contract is a derivative product that is similar to a traditional futures contract but has no expiry or settlement and mimics a margin-based spot market, which trades close to the underlying reference index price. Perpetual contracts enable traders to use greater leverage options.
Bibox Enhances Derivatives Ecosystem
Perpetual contracts are only the latest addition to Bibox’s derivates ecosystem. The company issued BIX-denominated bonds for both institutional and retail investors on November 22, 2018, which sold out within 24 hours.
According to Bibox Co-founder Aries Wang,
“not only is the roll-out of perpetual contracts a significant addition to Bibox’s derivatives offering, but also a promise that we will continue creating a transparent, secure and user-friendly trading environment for our users.”
Bibox perpetual contracts also provide more flexible leverage options, allowing users to buy or sell with a leverage of up to 50x. For instance, users that want to trade 100 BTC/USDT contracts (the face value of one contract is 0.01BTC), with leverage of 25x and given an index price of 3000USDT, the user will need a margin of 120USDT, while a margin of only 60USDT is needed with a 50x leverage. Flexible leverage provides users with the ability to speculate for greater potential returns in line with their risk preference.
One thing worth noting is that, unlike the existing contract trading platform, Bibox perpetual contract does not charge the funding rate from buyers or sellers.
Zero Transaction Fees to Celebrate the Perpetual Contract Trading Launch
Bibox has announced a range of incentives for traders that will participate in the launch. First, users will not be charged any transaction fees for the contract trading during the contest period. Second, Bibox sets 1,000 places for the contest, users who deposit more than 100USDT and trade accumulatively up to 25BTC or 740 ETH of the contract face value will be awarded as experience officers and eligible to receive an exclusive10-60USDT reward. Third, the top 30 perpetual contract traders by earnings will be rewarded, that is, 1BTC for the champion, 50USDT for each of the remaining 29 users.
About Bibox
Bibox is an AI-enhanced and encrypted top 10 digital asset exchange with a daily trading volume of around $300 million. The Estonia-registered company also has operation centers in the US, Switzerland, Canada, China, South Korea, Japan, Singapore, and Vietnam, with plans to expand to more countries. Bibox traders enjoy secure, stable, and user-friendly digital assets management services, with access to over 100 high-quality coins and over 200 trading pairs.
For details please contact:
Email ID
Visit our official website here!
The post World Leading Crypto Exchange Bibox Launches Perpetual Contract Trading with No Funding Rate appeared first on AMBCrypto.
Source: AMB Crypto

Ripple’s UBRI partners with IIT Bombay and other universities to solve the world’s remittance problem

Ripple’s business of cross-border payments using blockchain technology has spread throughout the world, including India. Ripple’s University Blockchain Research Initiative [UBRI] had added the Indian Institute of Technology, Bombay [IIT-B] to its list of universities back in 2018.
Ripple’s Managing Director for South Asia and MENA (Middle East and North Africa), Navin Gupta, mentioned that Ripple had more plans for these universities. He said, “The idea is to create the next generation of students and entrepreneurs.”
Partnerships with universities under the UBRI focus on enabling students with the opportunities for research and development into blockchain technology and by extension, cryptocurrencies. This in turn, could add value to the global blockchain ecosystem, such as the fin-tech industry, said Director of IIT-B, Professor Devag V. Khakar.
According to Factor Daily, an anonymous source from IIT-B has said that the Indian government is planning on implementing a blockchain-based solution in governance with digital certification of educational degrees. The pilot trials for the aforementioned project are to begin soon and once these are successful, there are plans to issue digital certificates on the blockchain named, “IndiaChain.” The trials are reportedly being done under NITI Aayog which is the government’s policy think tank.
Furthermore, land titles are also on the list which could be implemented on the blockchain but, this would take a lot of time since most of the land records in many states are yet to be digitized.
The main aim however, of the partnership with IIT-B is to work on reducing the remittance coming into India, which could save India, “billions of dollars,” said Gupta. Additionally, Gupta even mentioned that all of these universities could possibly team up together on blockchain and eventually “solve problems in other countries too.”
As per World Bank reports, India receives remittances worth $80 billion, making it the top target, followed by China with a total of $67 billion. With Ripple’s UBRI and its other blockchain based payment technologies, every country including India could potentially save billions of dollars.
Further, NITI Aayog and Oracle plan to start a drug supply chain blockchain ledger which is aimed at fighting the counterfeit drug problem in India.
The post Ripple’s UBRI partners with IIT Bombay and other universities to solve the world’s remittance problem appeared first on AMBCrypto.
Source: AMB Crypto

PANTHEON X steps into the cryptofund ecosystem by building a platform best suitable for new and experienced investors

Satoshi Nakamoto is well-known in the blockchain and cryptocurrency space for creating the largest digital currency in the market at present, Bitcoin [BTC]. The inception of the coin led to the creation of several others alongside the creation of a decentralized ecosystem. The entire ecosystem now strives to take the power back from governments and financial institutions and return it to ordinary people.
Notably, the cryptocurrency is not the only greatest invention of Satoshi Nakamoto. The creator is well-known across the globe, especially the Fintech industry for developing the blockchain. The primary use-case of the technology was to serve as a public ledger for the currency’s transactions.
However, the vast use-cases of the technology were soon recognized by several people from various industries, with key factors such as transparency and security grasping everyone’s attention. The blockchain is currently hailed as a disruptive technology and is considered a revolution in the system of records. In the present scenario, the use case of blockchain technology is being tested in several industries including supply chain management, healthcare, and travel and tourism.
Once such industry that the technology has a massive impact on is the financial industry. Here, blockchain paves a path for increased transparency, faster payments, eliminates intermediaries – thereby by enabling peer-to-peer transactions and reducing counter-party risks.
PANTHEON X has stepped into the space with an aim to bring about all the best advantages to cryptocurrency investors and traders. The firms aim to build a blockchain-based open financial business platform, with a reliable network that allows everybody in the ecosystem to engage in a safe and transparent trade. PANTHEON X intends to build an ecosystem that defines decentralization at its best, wherein people will self-govern the entire system by transforming it into an efficient one.
In general, PANTHEON X is composed of three stages:

Cryptofund Marketplace
Knowledge Network
3rd party services/ PANTHEON Intelligence

This is essentially the front office service that raises existing cryptocurrency financial funds or new cryptocurrency financial funds. This window is managed by certified crypto-managers specializing in the cryptocurrency market. These managers operate and sell their crypto financial products, which is, later on, bought by investors. For an individual to become a crypto-manager, one will have to pass the minimum requirements laid down by the platform.
Much to the users’ delight, Cryptofund Marketplace has a very simple set-up, which can be very well understood even by a new investor in the cryptocurrency space. Crypto-managers, at first, are required to register on the platform. This will be followed by the managers setting up their wallet and launching cryptofund products that they consider is best suitable for the investors depending on market conditions.
The product will then be promoted by the crypto-manager, along with a marketer. And, at the same time, the product will be analyzed by a cryptocurrency analyst.
The analyst’s review on the fund is passed onto the investors through the firms’ Knowledge network.With the help of the intelligence function, managers can effectively manage their customers’ funds. With this set-up, managers will be able to focus on providing the cryptofunds that are demanded by the investors. For this, managers will receive rewards and management fees in cryptocurrency, when a certain amount of profit is earned.
Knowledge Network
This network is the knowledge centre that creates, distributes and consumes content pertaining to crypto-financial investment. This network also has all the data collected by crypto-analysts that details the various funds available on the platform and otherwise. The main agenda of this network is to create an active ecosystem, within which users promote trust by detecting system errors, verifying information and providing suggestions that would contribute to the platform’s improvement.
This network plays a vital role in creating content that focuses on cryptofunds, advertising and promoting these products. It also encourages healthy communication among the participants by providing all the necessary instruments.
In addition, this network also functions on a reward system. Here, the rewards are based on Appendix – The Reward System on the Knowledge Network. Users are rewarded in accordance with their contribution and reliability on the network. This is based on their participation, which is determined through the users’ social media activity and their projects.
PANTHEON Intelligence:
This is the work that is managed by the middle office and the back office of the ecosystem. Here, the middle office is responsible for the market risks, credit risks, and most importantly, supervising the front office. On the contrary, the back office engages in operations such as confirming and processing a transaction and also settling payments.
Additionally, with all the data accumulated on the cryptofunds on the platform and with the internal infrastructure, the firm will later expand these services by collaborating with a 3rd party.
The platform will also have an authentication process, which will ensure that only the participants contributing to the healthy development of the platform can make transactions. PANTHEON X ensures effective asset management by providing infrastructure such as consignment and escrow.
Most importantly, the platform employs an Artificial Intelligence Engine, which provides automated services that are determined on the data collected on Cryptofund Marketplace, Knowledge Networks, and PANTHEON Intelligence. But, the key role of the AI engine is to detect fraud, enable automated compliance, maintain the reputation of the marketplace, and act as an evaluator of the platform on a constant basis.
The platform also provides support to the users’ activities that take place in the ecosystem. This is achieved by collecting users’ information, analyzing their activity on the platform, and studying their financial records. All the information is encrypted and stored in the platform’s Inter Planetary File System [IPFS].
Token Economy
Along with its mind-boggling concept, PANTHEON X has decided to adopt the double token economy. The platform will have a utility token, XPN token and a token for internal operations, XPW [Xpower]. The utility token will be used to participate in the cryptofund marketplace and the other tokens will be used to reward users on the knowledge platform. This token can immediately be swapped for XPN tokens on the platform.
Revenue Distribution
Unlike most of the projects in the space, PANTHEON X aims to give a part of its revenue back to its community for contributing to its development. The team has decided to allocate 40% of its revenue for all the XPW token holders, a reward for staking and actively taking part in the knowledge network. More so, once the revenue is distributed, the users get to chose the token they want to collect their reward. The rest of the token is divided into 40% and 20%, wherein 40% will be considered as the profits earned by PANTHEON X after the expenses are deduced from this and the rest is going to be reserved for unexpected costs.

AMBCrypto reached out to PANTHEON X to clarify doubts about the project
What drove you to create PANTHEON X?
Finance is one of the most important and sophisticated industries and can utilize the technical advantages of blockchain technology including the prevention of forgery of transaction history, automation of related procedures and P2P payment. Also, the issuance of security tokens that use securities like stocks and bonds but also actual assets like real estate and precious metals as their underlying assets, is significantly increasing. Therefore, the need for crypto finance that uses cryptocurrencies as an underlying asset is on the rise.
Unlike the existing financial system, the crypto financial service has a self-regulating system and bare minimum guidelines. It not only enhances the transparency of transactions through a distributed ledger system but also lowers the transaction costs by minimizing the role of centralized financial intermediaries. Moreover, it can reduce the processing time through automated systems like Smart Contract. The crypto financial service also has a high-security level because it is impossible to counterfeit and forge information on the blockchain.
Why is PANTHEON IPFS required? Isn’t collecting and storing information of users activity on the platform and breaching privacy to a certain extent?
PANTHEON Intelligence is not to record all user activities but to detect abnormal behavior of fund managers. We store the data but sort out the ones that may be the basis for investors to make an investment decision and only expose those data. We do not disclose data that may infringe the privacy of other individuals to other users. Furthermore, the collected data will be used as resource data for internal AI engine only and does not breach by public disclosure.
Will PANTHEON X seek data collected from other platforms apart from its own AI engine to ensure the well-being of its users?
We will use the information gathered from PANTHEON X and will use the resources of the partnerships to the extent that personal information is not infringed.
Why did PANTHEON X choose a dual token economy?
We chose a dual token system because each token serves different purposes.
XPN is listed token on exchanges. XPN is used when fund managers build crypto funds, pay a performance fee when XPW holders exchanging to XPN to cash out when users purchase contents from Knowledge Network.
XPW is a non-listed token and used within PANTHEON X platform only. It can be a compensation or purchase method on Knowledge Network for ads, content creation, sharing, and reporting, etc.
What is the key milestone PANTHEON X is planning to achieve this year?
The main sale is expected to be on March-April, Cryptofund marketplace MVP this mid-Feb – March, PANTHEON Protocol test-net Q2, main-net Q3, and Cryptofund Marketplace official launching Q3.
The post PANTHEON X steps into the cryptofund ecosystem by building a platform best suitable for new and experienced investors appeared first on AMBCrypto.
Source: AMB Crypto

Ripple and XRP are not innovative, PoW is still kingpin, claims Tone Vays

There is no denying that the exorbitant computation power required for the execution of mining operations in POW powered digital coins has contributed to the world’s carbon footprint.
Tone Vays, the host of Crypto Scam & Unconfiscatable, slammed Ripple, branding PoW as innovative, tweeted:
“#Ripple is NOT newer, the useless company has been around since like 2002
It’s NOT better, there is absolutely nothing they do that ACH, Swift, PayPal, Venmo, Square & even R3 Can’t (AND w/out the Scammy $XRP token)
@Ripple is NOT Innovative, PoW (aka #Bitcoin) is innovative!”
Ripple has its own patented technology: the Ripple protocol consensus algorithm (RPCA). The US-based currency exchange and remittance network are undoubtedly environmentally sustainable as compared to the ETH and BTC network.
Tony Vays slammed Ripple’s XRP in his tweet:
“A true #Shitcoin(ers) will tell you that u need #Ripple in between that $GBP vs $EUR conversion to
A: Pay another spread to convert to $XRP, move $XRP, pay another spread to convert to Fiat.
AND/OR
B: Pay an $XRP fee to record in a database they claim is decentralized but isn’t.”
In fact, the processing time for GBP to IDR is around 3-4 days with a transaction fee of nearly $40. Interestingly, a cross border transaction via xRapid or xCurrent would be executed in a few minutes at a very low price. The traditional platforms charge over 60% more than the fee charged by the Ripple products for cross-border payment.
The Ripple enthusiasts lambasted Vays telling him to do his research and not distort facts. Its digital asset – XRP, also has other plus points under its hood. A low transaction fee, real-time execution of transactions, and less energy consumption than even the traditional Visa transactions are some of the positive elements of the cryptocurrency.
Ethereum, which is currently based on the POW protocol, will soon upgrade to the PoS model post its Casper implementation. Switching to the PoS from the traditional PoW can be attributed to environmental, efficiency and scalability factors.
Talking about the wastefulness of the Bitcoin network, a Twitter user named Hodor posted:
“I’ve lost track of how many Bitcoin supporters want to ignore its unnecessary reliance on environmentally-destructive proof-of-work mining. It’s up to us to make sure the world knows it has a choice – a very important one!”
Cory Johnson, the former chief market strategist at Ripple, tweeted an image in November last year which showed that XRP consumes 0.01 TWh while Ethereum and Bitcoin consume 19.62 TWh and 68.81 TWh, respectively.
The silver lining, however, to this data is that the carbon footprint contributed by the blockchain tech has reduced considerably. In the last three months, BTC and ETH have been able to cut the consumption level. According to the latest report by a Twitter user- Digconomist, the gold crypto coin utilizes around 49.06 TWh and the silver coin around $7.91.
Qasam Wahid, a Twitter user, criticized Vays and replied:
“In which ways are altcoins less efficient? Just because you hope/believe so it doesn’t make it true. Btc is slow, losing value quickly, and not energy efficient at all. I mean you have to be willfully blind to not see the facts staring you in the face.”
The post Ripple and XRP are not innovative, PoW is still kingpin, claims Tone Vays appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] does not need any more “contentious forks” this year: Cobra

With the cryptocurrency community divided along several lines, the Bitcoin “maximalists,” as they are referred to and those that are loyal to other forks of the coin like Bitcoin Cash [BCH] and the fledgling Bitcoin SV [BSV], often attack each other more than their other rivals.
Now, the Bitcoin.org and the Bitcointalk.org co-founder, Cobra, has come out to state that the top cryptocurrency does not need any “contentious” hardforks in 2019, running against the sentiments of many proponents who advocate a return to a smaller block size from the increased block size of BCH.
Cobra was responding to a tweet from John Carvalho, better known in the community as BitcoinErrorLog, who tweeted in agreement with Luke Dashjr, a BTC developer, stating that a reduced block size would give him more confidence especially with the Lightning Network in full flow.
His tweet in full read:
“I agree with @LukeDashjr that the block size should be smaller. I feel more confidence to say it now that we have LN making strides. I’ll run the soft fork.”
The Bitcoin.org co-founder was quick to respond to BitcoinErrorLog, calling any other change in the block size, “contentious.” He added that this change would be especially detrimental given that 2019 is a key year for BTC adoption, in light of the incoming institutional interest in the industry.
Cobra stated that even if the intention was to reduce the block size, it is nothing but a hardfork, a change to the fundamental structure of the coin. He also stated that if this “soft fork” is completed then, there will be a break away from the established consensus, and the resulting drama and damage will decrease trust in the coin and by extension, the entire cryptocurrency community.
In his own words,
“Stop this madness! Last thing Bitcoin needs is yet more contentious forks in this key year for adoption! A soft fork to “reduce the block size” is a hard fork in all but name. This will split off from the established consensus, cause massive drama, and damage trust in Bitcoin.”
BTC hard-forked back in August 2017, to give birth to Bitcoin Cash, which argued for a bigger block size among other changes. The split left the community divided as some claimed that BCH was the original intention of the coin. Roger Ver even recently called BCH what Satoshi had originally envisioned it to be.
Furthermore, advocates of a “bottomless” blocksize caused a further split in the Bitcoin Cash community leading to the formation of Bitcoin Satoshi’s Vision (BSV), spearheaded by nChain’s Craig Wright back in November 2018, causing another massive decline in the market.
With the market set to herald in institutional players, Cobra foresees that a hardfork of the coin which holds over 52 percent of the entire market, may cause a massive decrease in the price along with goodwill of the collective industry.
Some Twitter users however, were not very happy with Cobra’s criticism, with a user named Satoshi’s Disciple (B) stating:
“John is right.
BTC smaller blocks will help Bitcoin.”
Another user Wecx- stated:
“This is the year of Lightning Network. A lower blocksize and higher fees will accelerate LN adoption. For Bitcoin to be a decentralized settlement layer every user must run a node and lowering the blocksize to 300kb will accomplish that. For onchain payments use Bitcoin Cash.”
The post Bitcoin [BTC] does not need any more “contentious forks” this year: Cobra appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC]: Transaction fees remain minimum as transaction rates approach all-time high

Bitcoin is currently passing through the longest bear market in the history of cryptocurrencies. Many experts and analysts have recently predicted that the worst is yet to come, even as Bitcoin recently received support from the CEO of Twitter, Jack Dorsey. Dorsey had branded Bitcoin as the native currency of the internet and demonstrated support in the Lightning Network ‘Torch’ experiment.
While the popularity of Bitcoin might be divided among the crypto verse, according to recent data released on the blockchain.com, transaction rates are approaching all-time highs even though transaction fees remained evidently lower in the Bitcoin Network.
Transactions rates per block | Source: Blockchain
Transaction fee per block | Source: Blockchain
Based on the data, it can be clearly seen that the last time average transactions per block approached the current trend of high levels, which is well above 2,000/block, was in the very beginning of 2018, and the transaction fees were also fairly higher. Today, only about 20 Bitcoins were paid as miners’ fees from the entire Bitcoin network, whereas over a thousand Bitcoins were rewarded to miners during 2018’s Bitcoin hype and enormous price explosion.
The fair explanation for this higher transaction rates can be explained by observing the total number of confirmed transactions per day. Even though Bitcoin has been under a long bearish market, the transactions per day have been consistently rising since June 2018.
Transactions per day | Source: Blockchain
According to a research conducted last year by blockchain analyst and social media blogger Hasu, an increase in batching of Bitcoin transactions was leading to more efficient Bitcoin blocks. Since the number of efficient blocks was up, the blocks were also getting fuller and it meant that there was less demand for mined blocks, and thus, lower fees paid to the miners, which can be observed in the chart.
This research sits consistent with the charts since if overall transactions per day are slightly lower now versus one year ago and block efficiency is roughly equal, we would expect less demand for blocks and lower fees paid to miners.
The post Bitcoin [BTC]: Transaction fees remain minimum as transaction rates approach all-time high appeared first on AMBCrypto.
Source: AMB Crypto

Flash Hike: Litecoin [LTC] is now the fourth largest cryptocurrency; price pumps by 17% in 7 hours

Litecoin often referred to as the silver to Bitcoin’s gold by its creator Charlie Lee has become the fourth largest cryptocurrency in the world in terms of market cap as per data obtained from CoinMarketCap.
As per the below chart, the prices of Litecoin started their rally on February 08, 2019, 02:00 UTC and is still pumping at the time of writing.
Source: TradingView
The prices at the start of the rally opened at $32.65, closed a few pennies later, but the rally didn’t stop at this candle. The subsequent candles increased in height and so did the volume.
The on the same day at 08:00 hit a home run as the candle opened at $33.45 and closed at $35.94, which is a percentage increase of 7.44% in a single candle.
However, the total increase in the price happened from $32.52 to $37.98, which is an increase of 16.79% within a span of 6 hours. The next candle formed is currently above the previous candle.
The market cap of Litecoin at the time of writing was $2.22 billion and the trading volume was $200 million shy of reaching $1 billion.
A massive amount of trade volume is coming from Coineal Exchange, which is contributed a whopping $64 million in trade volume via LTC/BTC pair.
In addition, OKEx contributes $55 million trade volume via the same pair but contributes $35 million LTC/USDT pair. DigiFinex contributes a total of $50 million via LTC/BTC pair.
The community is baffled by the sudden increase in prices and speculates that it could be due two reasons, the first being that Charlie Lee’s tweets about implementing privacy to Litecoin blockchain via implementation of Taproot.
The second reason being that Litecoin’s block halving is just a few months away, i.e., August 08, 2019, where the block rewards for miners will effectively be reduced from 25 LTC per block to 12.5 LTC per block.
The sudden increase in prices has caused LTC to run up the ladder and take a shot at top 5 coins like Bitcoin Cash [BCH], Tether [USDT] etc.
Litecoin currently sits as the fourth largest cryptocurrency, just below Ethereum [ETH], pushing Bitcoin Cash, EOS and Tether down to lower ranks. Litecoin was earlier the seventh largest cryptocurrency.
@cryptotic tweeted:
“yes. the imminent halving around the corner.. #litecoin #bitcoin #cryptocurrency”
The post Flash Hike: Litecoin [LTC] is now the fourth largest cryptocurrency; price pumps by 17% in 7 hours appeared first on AMBCrypto.
Source: AMB Crypto

The $700 billion dollar “Death of Cryptocurrency” is just the beginning

It is important to talk about where we are right now.
You can probably feel it yourself, the depression stage of the cycle categorised by fear, doubt, the reluctance to invest capital and general panic.
Do you know how far Amazon stock dropped in the tech bubble from January 2000 - September 2001 [20 months later]?
It dropped 95% – sound familiar?
During this time nobody wanted to touch it, the market could only think of negative reasons why the price would go down forever. Investors were pessimistic, and nobody had the courage to act.
Some companies died, forever, but what came next was the re-birth of something 100x bigger. It went from a tech bubble to the tech revolution. And you wouldn’t be here if, at some stage, you didn’t believe in the blockchain revolution. Now, we don’t know which companies will be the next blockchain Amazons, but we are looking for them every day. And we will find them.
While we move through this stage of the cycle, capital will be tight, and we need to be even more prudent with our investments. Keeping portions in cash, taking profits earlier than usual or making long term investments that you intend to hold for long periods of time.
You can get my complete trading strategy in the FREE Boss Cryptocurrency trading and investing course.
Price cycles around a trend. This is something we all know.
When using trends as forecasts for the future price of an asset you are simply extrapolating the past into the future and there is no guarantee that the previous trend will repeat exactly, but it may rhyme.
I believe they offer a good amount of insight into the flow of price, yet would not trust it, for example, to predict the exact dollar value of Bitcoin in 2021.
The below is a simple breakdown of the past trends as they were before the bulls took over and blew the price to crazy highs.
This phenomenon is in no way just related to cryptocurrency trading and investing. It happens in every market. Why? Because humans are involved in every market.

Firstly
You can see the % retrace marked in blue. And you can see the horizontal green box, which was the depression stage at the end of the 2015 bear market, duplicated to today’s market.
Secondly
You can see the two red trend lines. The highest of the two was the 2012-2013 bullish accumulation period before the major breakout at the start of 2013 and the second is the bullish accumulation period from the end of 2015 to the start of 2017 before the major breakout.
As you can see, the second accumulation trend was at a slower incline than the first, and I believe that was caused by a much larger collection of money in the pool.
From this data, I would make the assumption that the next bullish accumulation trend, after the depression period, will also be slower than the 2015–2017 trend. If there is a similar boom, the peak of that boom might reach near the bottom of the previous trend as we saw in December 2017.
Thirdly
You can see similarities in volume. I wanted to talk about this because the volume charts look similar across most exchanges that were trading Bitcoin during the last bear market. The amount of volume in both the bull market and bear markets of 2017 and 2018 was lower than the volume of the 2014–2015 markets.
However, the shape is the same:

A build-up of Euphoria
Mass Panic
Uncertainty
More Panic
Unknown in 2019, and in 2015 we saw more uncertainty, or as I am referring to it: Depression.

Conclusion
There is no way that we can know for certain what is to come, and it is unlikely to repeat exactly however this picture does show us a clear picture on the past market performance in all times, across all emotions. It is a complete picture.
The depression cycle is always [not just in cryptocurrency] the most important time to be vigilant for new investments. While a lot of old projects will succeed, a lot that came through in the ICO boom are dying, new ones will be there to take their place.
You need to know what ones, and why.
Safe trading,
Boss Cole  - Boss Crypto Trading Academy
The post The $700 billion dollar “Death of Cryptocurrency” is just the beginning appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC]: Fungibility solution is still a work in progress, clarifies Litecoin Foundation Community Manager

Many in the Litecoin community, and by extension, the cryptocurrency community, cheered when Charlie Lee announced his intention to introduce privacy and confidential transactions features to Litecoin and make it more fungible. However, in what could prove to be a dampener on things, Litecoin’s Community Manager has come forward and implied that all is not final yet.
Charlie Lee had announced that he was putting the issues of scalability behind him and was focusing on making Litecoin more fungible by implementing privacy and confidential transaction features. He had also suggested that such implementation would require a mere soft fork and would be done sometime in 2019.
However, Ilir Gashi, LTC’s Community Manager, issued a clarification in this regard today.
Source: Twitter
The tweet implied that everyone’s expected fungibility and CT update may not come as soon as expected, or even in the same form as people believe it would be implemented. The fact that Gashi stated that ‘nothing is set in stone’ also suggests that LTC is still considering all options, including any that do not involve CT, but instead, just contribute to raising the coin’s fungibility.
What is also interesting about the tweet, according to Twitter enthusiasts, is the line ‘We’re investigating solutions that work best for people, exchanges and regulators’. This obviously has raised concern in the LTC community, with some even questioning how LTC’s fungibility and regulators can actually go hand-in-hand, especially since it’s supposed to be a decentralized digital currency.
Finally, it could also suggest that the team behind Litecoin is playing it safe by trying to pursue a strategy that introduces something new without disrupting the cryptocurrency ecosystem, according to some enthusiasts.
Whatever the case may be, implementing CT features that ensure a degree of security to transactions made by LTC users remains the next frontier for the Litecoin Foundation. Addressing the issue of fungibility by implementing CT features is key to realizing Charlie Lee’s goal of Litecoin being recognized as sound money.
The post Litecoin [LTC]: Fungibility solution is still a work in progress, clarifies Litecoin Foundation Community Manager appeared first on AMBCrypto.
Source: AMB Crypto

BitMax.io goes beyond industry norm to support and advance listing partners

As a leading third-generation digital asset trading platform, BitMax.io [BTMX.com] has continued to grow its partnership network rapidly. With primary objective to list only top-tier quality projects in the crypto-space, BitMax.io goes beyond industry norm and strives to advance its listing partners by leveraging the strong relationship they have built with their users and community through multiple channels.
Joint Events
BitMax.io is widely known for its highly interactive communities on such popular social platforms as Telegram, Twitter, WeChat, and Weibo. With steady growth, the exchange has obtained over 35,000 loyal members with diverse background and from geographic regions.
In an effort to educate the users, BitMax.io frequently conducts joint-AMA sessions with listing partners. Such joint effort not only helps generating excitement but also broadens the discussion to the new projects among platform users.
BitMax.io also launches client acquisition campaigns for new listings, such as trading competitions and airdrops in which tokens of the newly listed projects are provided for the eligible users as incentives. For example, BitMax.io has recently announced the Lambda New Year Trading Competition. Users who complete the required tasks will be eligible for their share in a prize pool of 1.5 million BTMX and 2 million LAMB tokens.
Furthermore, BitMax.io assists European projects such as LTO Network in building their communities in Asia, while promoting brand awareness for Chinese projects such as CVN and COVA among its English-speaking audience. BitMax.io’s growing global network is a testament to its trading expertise as well as strategic marketing and branding services.
Value-added Advisory Partners
BitMax.io has established itself with solid reputation of transparency and integrity in the crypto-space, which has proved to bring additional benefits for their platform partners. For example, the projects Lambda and CVN were selected to be listed on coinmarketcap.com very shortly after their primary listing on BitMax.io. This can be largely attributable to BitMax.io’s reputation and impressive listing portfolio.
The partnerships between BitMax.io and Lambda, LTO, CVN, and COVA have frequently made headlines on top-tier media outlets such as Nasdaq, China Daily, CCN, Use The Bitcoin, NewsBTC, and AMB Crypto. It is well recognized that BitMax.io can bring more broad-based exposure to its partners and enhance their branding awareness across worldwide audience.
Upcoming Partnership
As part of its mission to provide platform users with exclusive access to top-tier projects, BitMax.io proudly announced the primary listing of Blockchain Exchange Alliance [Token: BXA]. As a technology-oriented digital financial institution, BXA places large emphasis on regulatory compliance and plans to take full advantage of their global network of cryptocurrency exchanges.
With the vision to establish a smart economy with efficient value transfer, their existing infrastructure, such as fiat-to-crypto currency gateways, enables BXA to break free from technical thresholds. They will create fiat-to-crypto trading platforms with deep liquidity and offer a wealth of digital financial services including cryptocurrency trading, real-time payments, security token offerings, and other financial derivatives. With BXA’s commitment to pioneering in their field, the primary listing partnership again highlights the BitMax.io’s proven track record in the highly competitive cryptocurrency exchange space.
For more information, follow BitMAX on:
Website
Twitter
Reddit
Telegram
Medium
Contact
The post BitMax.io goes beyond industry norm to support and advance listing partners appeared first on AMBCrypto.
Source: AMB Crypto

Cryptocurrency Rundown 2018: The year in numbers and events

The cryptocurrency market in 2018 saw its fair share of up and downs this year with events like market surges, exchange hacks and major developments on networks making the entire picture. News from within the cryptocurrency market also gave out signals that the world of digital assets was slowly but surely making it into the mainstream realm.

January 
The beginning of the year was a great time for Bitcoin, with the cryptocurrency trading at around $17000. Janus coin made a massive 6370% hike.
Additionally, Coincheck, a popular South Korean exchange, froze its assets leading to the surge in BTC price. The decision was made because almost $700 million worth of digital assets went missing from the platform.
On the positive side, bitFlyer a crypto exchange became the first regulated exchange in Japan, US, and Europe. Mark Zuckerburg led Facebook decided to ban all crypto-related advertisements, to protect the institution from con artists.
February
Brisbane airport in Australia became the first airport to accept cryptocurrencies as a mode of payment, in partnership with TravelbyBit. They announced that they would accept Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC] and Dash.
In the same month, China decided to ban all cryptocurrency related media on social media platforms like Baidu and Weibo.
March
March seemed like a productive month for the crypto space, with the positive updates outweighing the negatives. Coinbase launched the Coinbase Index Fund, to cater to new customers, making Coinbase one of the first popular changes to do so.
Furthermore, Snapchat, led by Evan Spiegel had followed the steps taken by Facebook, Twitter and Google to ban all advertisements related to cryptocurrencies and ICOs.
April
In April, the crypto space got institutional support from the International Monetary Fund when the IMF Chief Christine Lagarde explicitly stated that Bitcoin tools could make the financial system safer. The IMF head also stated that bags and digital currencies coexist.
She thinks that a clear right approach can help harness the financial gains and avoid the pitfalls when describing the benefits associated with cryptocurrency assets.
Justin Sun revealed that the Tron testnet was finally live. This was aimed to make the mainnet launch possible later and will have the ability to migrate all Tron projects to its blockchain including the original ERC 20 tokens.
May
May started with Japan’s SBI revealing its own cryptocurrency exchange that would be allowed to trade Bitcoin, Ethereum, and XRP. Also, CZ’s Binance announced that had made three times more profit than Twitter, the first quarter of 2018.
June 
Justin Sun, the founder of the Tron foundation had acquired BitTorrent, making it the largest decentralized ecosystem in the world. However, there was no official confirmation from both the organizations.
Steve Bannon, the former Chief Strategist of President Trump and one of President Trump’s close allies seemed to have ideas of launching his own cryptocurrency and said that this was “disruptive populism”.
July
The month also Coinbase launching its first custodial services for Bitcoin and other cryptocurrencies, with features like online segregation of digital assets and offline private keys that are split.
In addition, Brian Armstrong, the CEO Coinbase, also the Forbes 40 under 40 list.
August
Ripple received a boost after Japan’s SBI completed the investment round in clear market holdings. The main aim for this was to enter the derivates market for cryptocurrencies.
Ethereum launched the Ethereum 2.0 designed to be compatible with mobile phones and push the concept of the Internet of Things to a full reality.
September 
In addition to Columbia’s President announcing support for cryptocurrencies, he also invited cryptocurrency companies to his country.
Dogecoin, the meme-inspired cryptocurrency saw a massive surge of 121%, with some speculating the reason for this to be its addition to a crypto exchange called Poloniex.
October
TransferGo, the platform for “fast & cheap money transfers”, announced the usage of Ripple’s Xcurrent technology, aimed to support transactions from Europe to India.
Justin Sun led Tron also announced Utorrent surpassing 1 million active users.
November 
The most-popular Bitcoin Cash hard fork happened in this month, with Bitcoin ABC led by Roger Ver and Jihan Wu, and Bitcoin SV led by Calvin Ayre and Craig Wright. As Bitcoin ABC had more blocks mined, it was the winner.
Post this, a massive price crash took place with Bitcoin dropping as low as $4000.
December
In the last month of 2018, United Corp, an asset management company sued the Bitcoin ABC camp, including Bitmain and Roger Ver, as a result of the Bitcoin Cash hard fork. They claimed that the ABC has manipulated the mining during the hard fork.
The market continues to be on a rollercoaster ride, with the bullish surge listing Bitcoin [BTC] above the $4000 mark. Bitcoin Cash surged by 150%, making it the biggest gainer in the crypto-chaos.
The post Cryptocurrency Rundown 2018: The year in numbers and events appeared first on AMBCrypto.
Source: AMB Crypto

Mati Greenspan Exclusive: Centralization in Bitcoin [BTC] and XRP, portfolio management and more

In the last part of the AMBCrypto Exclusive with Mati Greenspan, the market analyst discussed the degree of centralization in each popular coin ecosystem, such as XRP and Bitcoin [BTC]. He also talked about the correct way to carry out an investment allocation in one’s portfolio.

According to Greenspan, decentralization is not black and white; rather, it is actually a field of gray. He also suggested than Bitcoin, by far is the most decentralized of the crypto-assets. Adding to the statement, he said that Satoshi Nakamoto is no more around, he does not have a say, he is not able to lead the project, therefore, it is the entire community who needs to agree when making a developmental change. He explained:
“Now that can be a good thing, it can also have its negative sides so as we saw with Bitcoin Cash [BCH]. Some of the BTC community wanted to take it in a different direction and increase the block size, some of them moved off to do a different thing. And that basically left Bitcoin as its decentralized organization.”
He also opined that Bitcoin Cash [BCH], being a decentralized asset has more centralization than Bitcoin as the leadership is clearer in the ecosystem.
When asked about the nature of XRP, Greenspan mentioned it as the most centralized crypto-assets among its fellow coins. This, he propagated is due to the presence of the Ripple Labs that leads the development of the asset.
“XRP is one of the most centralized and also the most decentralized as they claim. But it is the most centralized because you have Ripple Labs which is really the leader of the development of this specific asset.”
Switching the topic to the bear-market and its recovery, the market expert advised that this is a great time for the investors sitting on the sidelines. According to him, this is the time to build a portfolio and understand the risks to allocate investments correctly.
The post Mati Greenspan Exclusive: Centralization in Bitcoin [BTC] and XRP, portfolio management and more appeared first on AMBCrypto.
Source: AMB Crypto

Mati Greenspan exclusive: XRP, Litecoin [LTC], Dash [DASH], portfolio diversification and more

In the second part of the AMBCrypto Exclusive, Mati Greenspan, the Senior Market Analyst at eToro answered a few questions on the state of XRP and its progress on the market front. He also discussed the possibility of the Litecoin [LTC] come back in the market if the ecosystem continues to progress and make significant developments.

When asked about XRP and if it is safe to invest in, he stated that XRP is still considered as a high-risk asset. According to him, there are several factors that are standing in the way of mass adoption. He further revealed that Ripple released a report that mentioned that the project is only 25% likely to succeed in the long-term. He also explained:
“So we need to take that into account. So yes, if it does end up becoming the standard for global payments, then certainly, it stands a lot to rise in value, even in a very short amount of time. However, when you’re thinking about an overall portfolio, you don’t want to risk too much of your equity that is only a 25% chance of coming to pass.”
Regarding Litecoin, Greenspan had conducted a comparative analysis wherein he found that the coin is currently undervalued in the cryptocurrency market, considering its daily transaction volume and usage. He stated that Litecoin actually does have a lot of adoption, strong community, network value and transaction volumes, something that a lot of other, newer crypto-assets do not have.
On being asked about his favorite altcoin and the recent Twitter poll conducted by him, he stated that he is bullish on the top coins, such as Bitcoin [BTC], XRP, Ethereum [ETH], Dash [DASH] and EOS. Furthermore, the market analyst suggested:
“I’m mostly bullish on most of the top ones: Bitcoin, XRP, Ethereum, EOS, Dash. So these are the ones I believe strongly in. Now obviously, we have to be diversified but when you have the part of high-risk assets in your portfolio, you can diversify even further.”
The post Mati Greenspan exclusive: XRP, Litecoin [LTC], Dash [DASH], portfolio diversification and more appeared first on AMBCrypto.
Source: AMB Crypto

Exclusive: Mati Greenspan discusses Bitcoin [BTC] bottom, market crash and more

In an exclusive interview with AMBCrypto, Mati Greenspan, the Senior Market Analyst at eToro answered a few questions on the Bitmain crisis, Bitcoin price and the bear market.

According to the market expert, digital assets are high-risk investments, wherein neither the BTC bottom nor a bull market can be precisely speculated at present. Furthermore, he stated that a lot of market progress is often based on the future adoption of digital assets.
Regarding the Bitcoin crash that occurred during the Bitcoin Cash [BCH] hash war, Greenspan explained that the hard fork could merely be a side story in the crypto-chaos. He added:
“I do believe that […] the real reason for the decline was a technical breakout. The fact that it went below $6,000, which is a very strong psychological barrier was broken, something that created a lot of fear, and on top of that you had the Bitcoin Cash hard fork and there were also several other stories at the time which were interpreted as bad news that certainly caused negative sentiment in the market.”
When asked if BTC has already hit market bottom, he stated that crypto-assets are high-risk investments and it is indeed possible that the market may go down further.
He also mentioned that the $3,000 BTC support level is being heavily tested, which if broken could certainly lead to lower support levels that can be pointed out. Moreover, Greenspan shared that many analysts have called out support level figures as low as $2,000 and $1,500.
The post Exclusive: Mati Greenspan discusses Bitcoin [BTC] bottom, market crash and more appeared first on AMBCrypto.
Source: AMB Crypto