Kategorie: Crypto Markets

Kathmandu has introduced several new features set to improve network scalability and security.

Tezos, the layer 1 proof of stake blockchain designed to self-upgrade and evolve as it scales amid adoption, has successfully activated the latest protocol upgrade on the mainnet.

On Friday, the 11th upgrade dubbed Kathmandu went live on the Tezos PoS network at block 2,736,129, following a community adoption.

As noted in the proposal that ran from 9-23 September, the new upgrade comes after another named Jarkata went live on 28 June, 2022. The upgrade proposal was made by Tezos contributors and research firms Nomadic Labs, DaiLambda, Marigold, Oxhead Alpha, TriliTech, Tarides, and Functori & Tweag.

Upgrade brings new features

Kathmandu’s activation keeps with Tezos’s regular schedule and as with previous protocol changes, this adds a number of features set to massively improve on scalability.

These include smart contract optimistic rollups, pipelined block validation that’s set to improve transactional throughput, and improved randomness for enhanced network security- this is achieved via verifiable delay functions. 

Other features added include tailored governance via new permanent testnets that allow for more room for developers to experiment, event logging and increased paid storage for smart contracts.

Tezos launched in mainnet in 2018, with the network going live following an initial coin offering in 2017.

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Tether’s USDT is now live on 11 blockchain networks and ecosystems, including Ethereum, Tron and Solana.

Tether, the company behind the world’s largest and most widely used US dollar-pegged stablecoin USDT, has announced that tokens are now live on the Polkadot (DOT) blockchain.

USDT, with a market capitalisation of more than $68 billion, is currently the third largest by market cap behind Bitcoin (BTC) and Ethereum (ETH).

USDT now on Polkadot

Polkadot is a decentralised blockchain platform supporting a thriving Web3 ecosystem, and the launch of the USDT stablecoin is another milestone set to boost network growth and benefit the community of users.

“Polkadot is on a trajectory of growth and evolution this year and we believe Tether’s addition will be essential in helping it continue to thrive,” Tether CTO Paolo Ardoino said in a statement.

With this launch, USDT is adding a liquid and stable token to the network’s DeFi space and will allow users to easily move in and out – a factor not to be downplayed in a volatile market.

Tether launched on Polkadot providing a stable currency to move in and out of the network.

“Polkadot is on a trajectory of growth and evolution this year and we believe Tether’s addition will be essential in helping it continue to thrive.” – @paoloardoino, CTO at @Tether_to. https://t.co/3wZ55Bk6u7

— Polkadot (@Polkadot) September 23, 2022

Tether is now available on 11 blockchain networks, including top smart contracts and largest Proof-of-Stake network Ethereum, Tron, Avalanche, Solana, Kusama, Ethereum, Algorand, and EOS.

USDT is also live on NEAR, Liquid Network, Omni, and Bitcoin Cash’s Standard Ledger Protocol. 

The post Tether’s USDT launches on Polkadot appeared first on CoinJournal.

GitHub, the most widely used software hosting online platform, has today reversed its decision to completely ban Tornado Cash’s open source code. However, despite lifting the ban, the functionality of the code repositories remains restricted to “read-only” allowing visitors to only open and read the code.

The move comes days after the US Treasury clarified that the sanctions against Tornado Cash did not apply to the sharing and reading of the app’s code.

Tornado Cash ban

Tornado Cash was launched in 2019 as a privacy-preserving tool aimed at shielding users’ financial activities on public blockchains like Ethereum.

The use of Tornado Cash and certain Ethereum addresses connected to the app was blacklisted by the US Treasury Department Office of Foreign Assets Control (OFAC) in August. The OFAC cited the app’s use by criminals for money laundering.

It was after the blacklisting by the OFAC that GitHub banned and removed the entire Tornado Cash code to remain compliant with the regulator.

Why did GitHub reverse its Tornado Cash ban?

However, the US Treasury on September 13 clarified that the blacklisting of Tornado Cash did not prohibit people from reading and sharing the app’s code.

The official post by the US Treasury read:

“US persons would not be prohibited by U.S. sanctions regulations from copying the open-source code and making it available online for others to view, as well as discussing, teaching about, or including open-source code in written publications.”

It is following this clarification that GitHub has modified its blanket ban on the app’s code although the full functionality of Tornado Cash on GitHub has not been reinstated.

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Reserve Rights (RSR), the native token of Reserve Protocol, has rallied 33% in the past 24 hours as the mainnet launch nears. The token was trading at $0.007756 at press time.

The mainnet launch is expected to take place in October this year with five audits already completed so far.

To help traders who want to take advantage of the current Reserve Rights price surge ahead of the mainnet launch, Coinjournal has prepared this brief guide on where to buy the RSR token.

To find out more, please continue reading.

Where to buy RSR cryptocurrency

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy RSR with Binance today

KuCoin

Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. Users can benefit from a beginner-friendly interface and relatively low fees.

Buy RSR with KuCoin today

What is Reserve Rights cryptocurrency?

Reserve Rights (RSR) cryptocurrency is a native token of the Reserve Protocol, which is a pool of stablecoins. It was launched in May 2019 after a successful Initial Exchange Offering (IEO) on the Huobi Prime platform.

The Reserve Protocol is designed to reduce risk through diversification and decentralized governance.

The RSR token is an ERC token and it is used for insuring Reserve stablecoins (RTokens) on the Reserve Protocol through staking and for governing the Reserve Protocol pools through proposing and voting on changes to be effected on the pool configurations.

RSR stakers receive a staking reward for providing insurance to RTokens.

Should I buy RSR today?

RSR could be a good buy now that its price is rallying ahead of its mainnet launch, which is expected to trigger a further upward movement.

However, the cryptocurrency market is an extremely volatile market and it can be very unpredictable at times. Therefore, it is important to proceed with caution.

Reserve Rights price prediction

Analysts expect RSR to maintain the current bullish trend, which they predict will gather momentum after the Reserve Rights mainnet launch, scheduled for October.

Reserve Rights social media trends

1/4 Reserve Protocol is delighted to announce the next chapter.

With five audits completed / near completion, the deployment of the full protocol begins in October 🎉

We invite you all to our launch event in Bogotá to hear all about it. pic.twitter.com/8quSFQFwph

— Reserve (@reserveprotocol) September 20, 2022

 

The post Reserve Rights (RSR) rallies ahead of mainnet launch: here’s where to buy the RSR appeared first on CoinJournal.

The price of Prosper cryptocurrency has dipped by more than 14% today after Prosper announced that it had updated its coin supply on Coin Market Cap and CoinGecko. At press time, PROS was trading at $0.9305 down from a daily high of $1.14.

In a tweet, Prosper, however, clarified that the update did not result in an increase in token supply but only updated the displayed number of the circulating PROS tokens to include all the DEXs LP liquidities.

To help traders seeking to take invest in Prosper (PROS) cryptocurrency, Coinjournal has prepared this brief guide on where to buy the PROS token.

To find out more, please continue reading.

Where to buy Prosper token

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy PROS with Binance today

What is Prosper?

Prosper is a non-custodial cross-chain hedging and prediction market platform that uses on-chain liquidity aggregation technology.

In addition to the on-chain liquidity aggregation technology, Prosper also borrows from Binance Smart Chain and Avalanche and also uses Chainlink oracle to provide accurate price feeds to its users.

The Prosper platform features prediction insurance, a binary liquidity model, on-chain liquidity aggregation and cross-chain support, fiat support, custom pools, DAO governance, and prediction mining.

The native token of the Prosper platform is denoted as PROS and it is used as a prediction insurance token, a DAO governance token, a commission token, and a premium/subscription token.

Should I buy PROS today?

PROS could be a good buy now that it has updated its coin supply. However, contrary to the expectation of many, the token price has dropped considerably instead of rising after the update.

In addition, the crypto market is extremely volatile and you should proceed with caution.

Prosper price prediction

Analysts are optimistic that PROS will soon go above the resistance level at $1.60, despite today’s drop.

However, it will have to first break through the resistance level at $1.49 before making a dash for the $1.60 level.

$PROS social media trends

Supply display update on Coin market cap and Coin Gecko

Following a few months of community feedback and efforts on our side, the circulating supply of $PROS displayed on Coin Market Cap and CoinGecko have finally been updated an now reflects our true circulating supply.

— Prosper (@Prosperpredict) September 21, 2022

 

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