Crypto currency Octanox has risen 216% during the past day.
This coin is trading at 1.9E-05 BTC or 1,900 PND.
Octanox is decentralized open source cryptocurrency with x11 algorithm and using POW and POS hybrid systems. They founded in April 2017 and aim to release a suite of 6 products over the following 6 months. MiddleX, OctaGUI, OTXPay, SmartWeb Wallet, OctaneX and Octalk. The miners will be able to earn about 0.8 Octanox per transaction fees and blocked mined. And in every ten million blocks, that reward will reduce until Octanox gets a point where the fess of the transaction is enough to sustain its miners. Meanwhile, the reward of POS system or proof of stake mining will be given to those who have a large of Octanox. The more Octanox you have, your earnings will be bigger through POS system.
Octanox can be traded on the HitBTC cryptocurrency exchange.
What is your opinion about this coin and its recent price rise?
Please put your thoughts on Octanox (OTX) in the comments for this video.
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In a Monday, the company cited “choice” as part of the “bitcoin ethos” as motivation for letting wallet holders decide the nodes they want to relay transactions with.
Our latest release, v 2.4.1, is now out in iOS and Android!
“We realize that part of the bitcoin ethos is choice, and while consensus eventually needs to be met, the process by which we get there involves a vote on how to move the protocol forward,” the post reads.
Airbitz hopes to enable users to exercise their vote and support their protocol implementation of choice.
Scaling-Heavy But Still Neutral?
The move appears heavily tied to the ongoing bitcoin scaling debate. Airbitz users can now select whether to use nodes supporting a specific solution, such as bitcoin Core, bitcoin Unlimited or bitcoin Classic.
The wallet provider has traditionally taken a neutral stance towards any one solution, criticizing those taking sides at the expense of progress.
“At Airbitz, we do not take a stance on preferring one implementation of bitcoin over another,” a previous from March read.
Instead, we believe the industry needs both bigger blocks, like bitcoin Unlimited proposes, and scaling solutions, such as Segregated Witness from bitcoin Core.
It added at the time that a hard fork of the bitcoin network “is both unlikely to happen, and unlikely to result in the continued existence of the weaker chain.”
No Full User Control
The latest incarnation of the wallet meanwhile privileges connection quality over customer preferences.
“The Airbitz architecture by default connects to various Electrum based public bitcoin nodes to query and send transactions to the bitcoin network,” Monday’s post continues.
Part of that architecture, which is inherent to other mobile, light-client SPV wallets, is to choose nodes that follow the longest chain.
“You can enter as many servers as you wish, but note that Airbitz will only connect to 4 nodes and will chose those that provide the best network connectivity.
The release mimics that of bitcoin Core’s , which facilitates an opt-in system whereby non-SegWit supporting miners can still be accepted.
Airbitz has also taken an increasing interest in in recent months, having in November partnered with Wings.ai to increase its Blockchain app security portfolio.
What do you think about the new Airbitz wallet? Let us know in the comments below!
Images courtesy of Airbitz.co, twitter.com, Shutterstock
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Crypto currency Octanox has risen 216% during the past day.![Btcusd and the zone of last hope: bitcoin [btc] bounce ballad](https://ohiobitcoin.com/storage/2019/01/KDDuv0.png "Btcusd and the zone of last hope: bitcoin [btc] bounce ballad")
