As much of the supply has been successfully swapped and we have trustlessly staked over 20k+ blocks, it can be said for the first time ever a user can stake on a POS protocol safely, and securely offline through a mechanism we call TPoS (Trustless Proof of Stake). Providing security for not only the user, but also the network as coins offline in our network provide extra security where other POS coins do not. Our teams ethos is simple — help move our industry in a direction where trustless economies reign supreme, power is given to the individual, and a symbiotic strengthening of network — user is established. With that being said we are excited to announce the addition of 3 new developers to our team
@Giardino
@AlexITC
@eloyweb
This expansion is in anticipation of the launch of our official “Staking as a Service” platform stakenet.io — where you will be able to Trustlessly stake XSN, regular stake major POS coins, host masternodes, and execute atomic swaps via our coming Decentralized Exchange built with XSN Masternodes. The future will move towards platform centered, trustless utility and cross chain developments. Lookout for news in our in the coming week(s) regarding our block explorer, exchanges, Ledger app, wallet updates (V 1.0.6) and launch of our official staking website http://stakenet.io!
In many some ways yes, in many other ways, no.
To begin, there are many parts or segments of the cryptocurrency market. Ex. Futures, options, exchanging, mining, advising and the list goes on. There are certain segments of the cryptocurrency market that are beginning to undergo regulation in certain countries while also remaining untouched in others.
Cryptocurrency Regulations Around the World
So far, countries have been quite reactionary in their behavior as the crypto market continues to boom. Questions rise in certain countries as to how cryptocurrencies will be taxed, approved and filtered, while others focus on a nationwide ban therefore making its use possession and trade illegal. The countries that are reacting negatively are essentially terrified of the loss of economic power.
U.S Regulations
Regulatory responses to Blockchain range from excitement to suspicion to indifference.
The U.S. federal government has not exercised its constitutional preemptive power to regulate blockchain to the exclusion of states (as it generally does with financial regulation) or even expressed intention to do so.
As of now, the states remain free to introduce their own rules and regulations.
In 2017, at least eight U.S. States have worked on bills accepting or promoting the use of bitcoin and blockchain technology, while a couple of them have already passed them into law.
In the U.S., bitcoin will be the first cryptocurrency to be given the same financial safeguards as traditional assets.
LedgerX being the first ever federally regulated digital currency options exchange and clearinghouse in the U.S for bitcoin.
EU Regulations
The overall approach of the EU towards blockchain and cryptocurrencies is positive and welcoming. The EU appears to be following the path of an innovation-first business philosophy, which could end up supporting development of virtual currencies from two angles:
1) Encouraging the exploration of use cases to test impact and laws, and
2) Giving entrepreneurs confidence that their “approved” applications will be more trusted by their target markets.
This approach would encourage thinkers and doers from around the world to flock to an ecosystem that rewards innovation within the realm of this highly controversial technology in result making the EU a prime destination for Blockchain based companies.
The commission is currently growing its efforts on supporting more projects related to the distributed ledger technology (DLT) by actively monitoring all developments as well as recognizing the challenges and fields of application in which this technology impacts. Financial services in particular.
In fact, Switzerland has become one of the main European hubs for cryptocurrency and blockchain development. This has been spearheaded by the Crypto Valley Association, a Swiss non-profit blockchain and cryptographic technology ecosystem, which has started to develop an ICO Code of Conduct in light of China’s recent ban of token crowd sales.
Worldwide Regulation
You have to understand that regulation is put together piece by piece, and that’s only for one country. This process takes a very long time and is constantly changing as more questions and concerns arise.
Only time will give us the answer as to how blockchain’s seemingly endless realm of applications will affect world economies, which is said to unknowingly happen in a very positive or negative way.
Whether any country likes it or not, digital currencies and blockchain will serve as the largest financial experiment of the century.
According to the Congressional resolution proposed July 14, 2016 in the U.S., “blockchain technology with the appropriate protections has the potential to fundamentally change the manner in which trust and security are established in online transactions through various potential applications in sectors including financial services, payments, health care, energy, property management, and intellectual property management.”
The hundreds of pilots and proofs-of-concept currently in motion are but a tip of the iceberg when it comes to potential applications of blockchain technology.
The world is slowly experiencing the advantages that this new age of exchanging value has to offer, which is why the regulatory story is quite challenging to keep up with as it is constantly changing and adapting.
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Citations:
We shared a live video interview with Nikolay Nikov, the CEO and Co-Founder of . We learned about his team’s blockchain development services platform, the power of Estonia’s regulatory environment, and how hobbyists may use Fabric Token’s drag-and-drop platform for smart contract.
About Nikolay Nikov:
From working on the largest fraud detection software in the UK and EMEA, to building the software security framework for a British Royal institution, Nikolay’s background in software development has helped him gather both technological expertise and a huge network.
References:Fabric Token Website
2. Fabric Token’s
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Tron’s (TRX) Justin Sun is and for the launch of the much awaited Testnet network. He is doing a good job, despite having a cold, of explaining the goals of The Tron Project, release of Testnet and covering the following topics according to the schedule that was set a few days back.
The schedule is as follows:
an introduction of TRON’s products, technologies and team members
Technology progress of TestNet and the Outlook of MainNet and its expected release on May 31st
Introduction to the P2P technology
Reward for developer contributors: ongoing and future plans
Display of blockchain explorer, wallet and other products.
The live stream should be live for another 40 minutes from the moment of writing this.
Earlier in the Livestream, Justin was noted as saying that the Tron team is 100 strong with new team members joining in from big companies such as Amazon, Alibaba and Tencent. The fact that they have left this big organizations, means that they believe in the vision of the project.
With the Testnet live, Mainnet is only 2 months away and will have the capability of migrating all Tron projects to its blockchain including the original ERC20 tokens in a ratio of 1:1.
Also to note is that Tron already has decentralized apps on it platform as can be seen on . The most notable is Peiwo which is an audio-based post-95s social software. It has stress free anonymous chat mode and one click speed matching and helps users to realize real and effective communication.
A second DApp is Game.com which creates and integrates game content through the blockchain to help digital currencies to provide entertainment service applications and promote rapid development on the blockchain.
Kitty Live is another DApp which is a live streaming app similar to Periscope and particularly popular in Asia and the Middle East. Other Decentralized apps that the Tron team is working on include, GIFTO, ODYSSEY, OBIKE, Mico and GSC.
The Tron Main-net will be able to cater for more Decentralized apps and hopes to be the choice of many developers for the network is based on Java programming language – which is popular and easier to use – rather than the complex Ethereum Solidity programming language.
With all this information, it is possible that TRON is the future of the Internet.
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