Monero's Lead Developer Is Helping Launch a Crypto Trading Protocol
Loyalty points, concert tickets and in-game items will soon appear on a new protocol built on the monero network.
Called Tari, this new digital assets protocol will help support non-fungible tokens - tokens with unique properties, such as tickets with ownership information (think CryptoKitties) - said co-founder Naveen Jain.
Monero project lead Riccardo Spagni, more commonly known as fluffypony, and entrepreneur Dan Teree are also part of the founding team, Jain told CoinDesk.
Tari's goal is to "support any kind of digital assets." For example, one use case for the protocol would be to allow digital asset issuers to participate in the secondary market - meaning resales in particular.
However, the protocol can also support items in video games or even native assets, Jain said, adding:
"If you have a decentralized distributed trustless system that supports non-fungible tokens that enforces the rule...
Spanish Central Bank Governor Believes Crypto Brings More Risk Than Benefit
The governor of the Bank of Spain has come out in favor of the possibilities of blockchain, but against the risks of cryptocurrencies, local news outlet Europe Press Financial reports Wednesday, May 23.
Luis María Linde referred to blockchain as a technology that “offers interesting possibilities,” but is yet “not quite mature” in a speech at a meeting of leaders of the financial sector organized by Deloitte and two Spanish organizations. Linde notes that the current global move to a digital economy requires regulators to encourage innovation without bringing the risks beyond “reasonable limits:”
“The move to a more digital economy is accompanied...
Experimental Voting Effort Aims to Break Ethereum Governance Gridlock
When people think of ethereum, they generally think also of the protocol's developer Vitalik Buterin, now - off his creation - a multi-millionaire.
No doubt, Buterin is a leader of sorts for the community, even if decision-making is somewhat decentralized. And above that, ethereum's most active developers have a significant amount of say in the direction of the technology.
Recently, however, the protocol's decision-making has been called into question as a series of controversial proposals have arisen - be it the development of new forms of mining hardware or the recovery of lost funds due to various vulnerabilities.
As the community debates the various pros and cons of such proposals, Buterin has begun working with economics researcher Dr. Glen Weyl to experiment with the idea of enabling a new kind of voting for the ethereum users. In a blog post announcing the collaboration on May 21, Buterin described how ideas from Weyl's recent book, "Radical Markets," could help address these governance challenges and coordinate solutions for contentious issues.
Speaking to CoinDesk, Weyl, who received a Ph.D. in economics at Princeton University and is now a researcher at Microsoft, explained that quadratic voting aims to focus voters on issues they are passionate about and educated on. Rather than votes being distributed equally across participants, users can purchase extra votes to have a greater say in certain issues.
"The idea is it allows people to express how important things are to them, and not just which direction they feel about it," Weyl said.
The collaboration comes at a time when other ethereum researchers have banded together in an effort to come up with ways to better measure community sentiment.
And although Buterin wasn't directly involved in those meetings, in the blog post, he noted his belief that existing proposals for decentralized decision-making either put too much authority into the hands of those who own ether or, in trying to reach a larger pool of stakeholders, are vulnerable to attack by fake accounts and malicious actors trying to sway the vote.
As such, Buterin and Weyl write, the quadratic voting proposal is a more "moderate alternative" to other forms of decentralized governance.
Weyl told CoinDesk:
"[Quadratic voting] allows for decisions to be made for the greatest number of people."
Connecting communities
The duo's post on the matter seems aligned with an announcement made earlier this month by Virgil Griffith from the Ethereum Foundation, the not-for-profit that funds ethereum-related research, that it was seeking applications for projects wanting to test experiments based on Weyl's theories.
Prior to fully fledged announcements, however, Buterin and Weyl's blog post hints at ways the method could occur.
"Citizens can use a (possibly artificial) currency to buy votes at the cost of the square of the votes bought on...
Ligercoin – A Winning Blend of the Casino Industry and Blockchain Technology
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Bitcoin Press Release: Ligercoin has announced a groundbreaking combination by bringing together two Giants: The established Gaming Community and revolutionary blockchain technology.
May 22nd, 2018. St. Juliens, Malta. The cryptocurrency world has seen a rollercoaster ride in the past year. This included Crypto Exchange crashes, Bitcoin rises and slumps, wallet hacks and what not. Though the market cap as a whole has been increasing over the years, Bitcoin’s exclusive dominance to the % of Market cap is getting reduced by the new revolutionary cryptocurrencies.
About 303 token sales have taken place this year already, which surpasses the 210 token sale count of 2017. Only 48% of these have been successful. All this has obviously made it crucial for the market to have a more stable backdrop. This market opportunity was seen and has been successfully met with a revolutionary new cryptocurrency known as Ligercoin.
What is Ligercoin
Ligercoin is a cryptocurrency that is based on the Ethereum blockchain and is powered by Smart Contracts. It helps users to gamble safely in both offline and online Casino and Fantasy League platforms, and Live Betting Websites.
The Current Market Scenario
Ligercoin aims to disrupt the market of Offline and Online Casinos, Fantasy Sports Portals, and Live Betting Websites. This places Ligercoin in a big industry that is continuously growing.
The Offline Casino market is evaluated at approximately $240 Billion with about 7000+ Casinos around the world. This is expected to grow at a CAGR of 6.8%. On the other hand, the Online Casino marketplace is considered to reach a potential of $100 Billion in the coming 5 years with a CAGR...
Norway's Central Bank Mulls Digital Currency as Cash Use Declines
Norway's central bank is preparing for a future in which it might issue a digital currency amid a slump in cash usage in the country.
Looking into the possibility, a working group at Norges Bank has released a report titled "Central Bank Digital Currencies," which explains that, as citizens turn away from physical forms of money, the bank must consider "a number of new attributes that are important for ensuring an efficient and robust payment system."
Already, the country's DNB bank has stopped handling cash, with Trond Bentestuen, group executive vice president of wealth management and insurance at the bank, telling local media as far back as 2016, that only 6 percent of Norwegians use cash on a daily basis.
Further, Jon Nicolaisen, deputy governor of Norges Bank, stated in a speech last April that the role of cash "continues to diminish" as consumers move towards electronic payments, adding that "For many consumers, electronic central bank money could provide an...
Trade Recommendation: Populous
The Populous/Bitcoin (PPT/BTC) pair launched its uptrend on January 7, 2018 when it took out resistance of 0.0032. This triggered the cup and handle reversal pattern on the daily chart. The breakout attracted so much momentum that the pair quickly became parabolic. With its supercharged velocity, PPT/BTC skyrocketed to 0.007901 on January 31. In less than a month, the market rose by almost 147%.
At this price point, the pair was in extreme overbought territory. Those who bought the breakout took the opportunity to lock in gains. This ignited a massive selling frenzy that drove the pair down to 0.0015159 on March 9.
The higher the climb, the greater the fall. This is what often happens to any asset that goes parabolic.
Fortunately for bottom pickers, PPT/BTC rallied to slightly over 0.0032 resistance on April 17. While the market has been pulling back since, it appears that bulls are beginning to make their presence felt.
Technical analysis reveals that Populous/Bitcoin is carving a bullish higher low setup at 0.0017. Volume began to spike on May 15 when the pair hovered above this level and it remained elevated for the next seven days. This tells us that bulls are ready to buy positions at higher price point. More importantly, PPT/BTC managed to stay above 0.0017 even in the midst of intense selling pressure.
The strategy is to bottom fish the market and buy as...