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The Role of Bitcoin Transaction Fees in Incentivizing Miner Participation The Critical Role of Seed Phrases in Bitcoin Wallet Backup and Recovery Enhancing Bitcoin Privacy: The Power of CoinJoin Explained Understanding Hot Wallets: The Key to Accessible Bitcoin Storage The Fixed Limit: Why Only 21 Million Bitcoins Exist

Leverj now on Ethereum Mainnet – LEVERJ

Leverj now on Ethereum Mainnet – LEVERJ

I’m extremely proud of my team who have worked tirelessly for the past year to deliver the first high-speed non-custodial exchange: https://live.leverj.io

Nearly every financial crisis is linked to a small group of people having control over the wealth of a large number of people. From governments who debase their currency to financial institutions who mismanage or outright take private keys to the grave, the quintessential problem is custody.

Decentralized exchanges trade the custody problem for the friction problem. Gluon Plasma breaks this dilemma with a sidechain designed especially for trading.

Security Audits

While standard security measures such as securing the site with a solid content security policy and robust TLS are important, smart contract based systems are dependent on a thorough audit of the system.

Blockchain Labs has completed the audit of Gluon Plasma contracts and all issues have been satisfactorily addressed.

Security Bounty

Our security bounty program is modified to payout USD. Security bounties complement security models and security audits and are an inherent part of security strategy.

The Road Ahead

A product is never done, always a work in progress. Although we are on mainnet, the product should still be considered beta. The UI needs a bit of TLC and the team will focus on usability over the next several weeks. Exposing the platform to users early helps drive priorities and gives users a voice in platform development.

On a plasma front, moving from POA to POS will mitigate the data availability problem and also decentralize the system, enabling multiple validators and exchanges (and other projects) to participate in the same sidechain. Fraud proofs will be added with support for multiple validators. We hope to welcome outside contributors and projects on Gluon Plasma, helping us build tooling, block explorers and support applications enabling a richer community.

On the product front, leveraged trading development will kick off, enabling creation of the first high-speed, non-custodial leveraged platform.

On the business development side, we will work on onboarding market makers and listing new tokens.

Want to learn more?

Published at Tue, 19 Feb 2019 18:17:19 +0000

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Block.one Breaks Records, Raises $185 Million in 5 Days

Blockchain startup block.one raised a record-breaking $185 million USD through the ICO of its EOS cryptocurrency.

The Hong Kong-based startup block.one recently announced that they have raised $185 million in 5 days, through the ICO of their cryptocurrency EOS. The record-breaking amount of funds that were raised, were enough to take the record from the Bancor ICO. The Bancor ICO was able to raise $150 million for its ICO.

The Technology

EOS infographic

Block.one’s product is EOS, a new platform that allows developers to create blockchain apps on top of their protocol. The EOS software will introduce a new kind of blockchain architecture that allows vertical and horizontal scaling of decentralized applications.

The startup also claims that the EOS platform can handle hundreds of thousands of user transactions without charging any fees. On the official website of EOS, the team also stated that the software will be released under an open-source license.

EOS Token

EOS graphic

After many previous ICOs like Status and BAT were sold-out lightning-fast, the block.one team decided to use a take a different approach for the EOS token distribution process. The EOS token distribution will take place over 341 days, starting on 6/27/2017 and 1 billion tokens will be issued in total. According to the official EOS page, the distribution will have several different phases.

The first phase of the distributions took place between June 6th, 2017 and July 1, 2017, with a total 200 million tokens be up for sale. The second phase of the EOS token distribution will start on July 1st, 2017 and 700 million EOS token will be distributed. These 700 million tokens will then be split evenly into 350 consecutive 23 hour periods of 2,000,000 EOS tokens each. The final 100 million tokens will be reserved for the block.one team and cannot be traded or transferred.

When asked why they chose to use this particular token distribution method, the block.one team explained:

A lot of token distributions only allow a small amount of people to participate. The EOS Token distribution structure was created to provide a sufficient period of time for people to participate if they so choose, as well as give people the opportunity to see the development of the EOS.IO Software prior to making a decision to purchase EOS Tokens.

What are your thoughts on the EOS ICO? Do you think that the block.one team took the right approach for their token distribution? Let us know in the comments below!

Images courtesy of block.one, unsplash.com

The post Block.one Breaks Records, Raises $185 Million in 5 Days appeared first on Bitcoinist.com.

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Does This Crypto Phone Rival the Galaxy S10? By CCN: The developers of the Sirin Labs Finney have created for themselves a monumental task. Not only do they desire to break into the fiercely-competitive smartphone […]

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