May 14, 2019

MatPool to Offer WAN Delegation Services – Noah Maizels –

8BTC’s staking and mining services platform MatPool has reached a strategic partnership with Wanchain and announced its intention to operate a Galaxy Consensus PoS Node. In accordance with Wanchain’s 2019 roadmap, the alpha version of the new Galaxy Consensus mechanism is scheduled to go online by the end of the month. MatPool will participate as one of the initial testers of the alpha version when it launches on the testnet. The new consensus mechanism is scheduled to go live on the mainnet by the end of the year. After the mainnet launch, MatPool will begin offering delegation services to both individual and institutional users.

8BTC’s MatPool was founded in September, 2018 with former Facebook engineer Jin Lei as the project leader and CTO and 8BTC partner Li Zongcheng as COO. MatPool is a rapidly expanding project powered by a team of senior blockchain and artificial intelligence experts. According to MatPool COO Li Zongcheng, MATPool’s mission is to “combine computing, consensus, and value” to establish a “blockchain computing and super-node service platform” to serve participants in various consensus mechanisms.

Wanchain is honored to work with such a high quality domestic project, and the two parties are committed to working together to promote the development of PoS consensus and the greater blockchain ecosystem. As a multiple currency mining platform, MatPool is a one stop shop for PoW mining protocols such as that of Bitcoin and Zcash, as well as staking protocols including PoS, DPoS, and others.

About MatPool

MatPool is 8BTC’s mining and staking services platform. MatPool is dedicated to creating, discovering, and sharing value in the new blockchain economy by providing a safe, stable, and reliable operating environment for participation in a wide array of consensus protocols. MatPool provides technical services for a variety of public chains, while also working to popularize blockchain and promote its adoption.

About Galaxy Consensus

Galaxy Consensus is the new proof of stake consensus mechanism proposed by Wanchain’s research team in their yellow paper released on March 31st, 2019. It has a delegation mechanism similar to that of Cardano and Tezos (this model is quite distinct from the DPoS model used in EOS). Galaxy Consensus is a practical PoS consensus protocol with a robust delegation mechanism which draws on the work of previous proof of stake protocols such as Cardano’s Ouroboros while also improving in a number of key areas such as random oracle and leader selection design.

About Wanchain

Wanchain is the infrastructure connecting the decentralized financial world. Wanchain’s live cross-blockchain solution is EVM-based, includes optional private transactions, and provides a decentralized, permissionless, and secure approach for interoperability. Wanchain has employees globally with teams in Beijing (China), Austin (USA), London (UK), Kuala Lumpur (Malaysia), Paris (France), and Madrid (Spain).

You can find more information about Wanchain on our website. Additionally, you can reach us through Telegram, Discord, Medium, Twitter, and Reddit. You can also sign up for our monthly email newsletter here.

Published at Tue, 14 May 2019 05:25:03 +0000

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August 1, 2017

BitcoinCash (BCC) Hardfork: What it Means and How to Secure Your Assets

The Fork Awakens… BitcoinCash is expected to fork off from the main chain on Tuesday taking roughly 30% of the hashpower with it. Antpool, the largest bitcoin mining pool, is expected to mine the alternate chain.

BitcoinCash Hard Fork

August 1^st has been a long-awaited day for months on the calendars of bitcoin enthusiasts worldwide. But with the UASF being deemed a success by many people in the community, a new event is worrying some and it just so happens to be on the same day. BitcoinCash or BCC (some are proposing the ticker abbreviation of BCH as BCC is already taken) is a planned fork of the bitcoin ledger by means of a User Activated Hard Fork, or UAHF.

Mining company Bitmain has stated their intentions to fork and create this separate blockchain with different consensus rules, most notably an immediate blocksize increase to 8MB. It also includes wipeout and replay protection, something the developers added to allow both blockchains to coexist peacefully and without loss of user funds.

How to Secure Your Assets?

As with all cryptocurrency hard forks, users that own bitcoin on the legacy chain and control their private keys will automatically own coins on the new BCC chain. No further action needed. However, your claim to these new coins could be threatened if you use a third-party wallet provider such as Coinbase or blockchain.com.

Not controlling the private keys of your Bitcoins means you don’t control the private keys of your BitcoinCash either. Some examples of wallets that allow you to control the keys are Electrum, Jaxx, or Mycelium. The fork is scheduled to occur on Tuesday, August 1, 2017, at 12:20:00 pm (UTC time), so make sure to move your coins as soon as possible.

Exchanges That Support BitcoinCash (BCC)

Numerous exchanges have come out stating how they plan to deal with the upcoming hard fork. According to the BitcoinCash website, the following exchanges have announced that they will support, or at least allow users to access, BitcoinCash

Wallets That Support BitcoinCash (BCC)

Along with the exchanges, many reputable wallet providers, such as Ledger and Trezor, have released statements saying they will have their wallets support BCC. A more comprehensive list can be found below.

Full Nodes

Other Wallets

One thing to note is that ElectronCash is NOT made by the Electrum developers, which was cleared up in a statement made by them here.

ViaBTC currently has a futures market for BitcoinCash, and it currently sits at around $311.59, or about 12% of bitcoin’s current market price. Only time will tell if this coin will gain traction, or be crushed by the thousands of people ready to dump the moment the fork occurs.

What do you think of the looming fork? Will BCC be blown out of the water by the massive offload of coins? Will you be transacting with BCC? Or do you think this is going to be one of hundreds of altcoins? Let us know in the comments below!

Images courtesy of Bitcoincash.org, Coinmarketcap.com

The post BitcoinCash (BCC) Hardfork: What it Means and How to Secure Your Assets appeared first on Bitcoinist.com.

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