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Digibyte (DGB)’s update, OdoCrypt, to complete in a little over 30 days now

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DGB is a cryptocurrency based on open-source philosophy that runs on the DigiByte blockchain. It was created in 2013, and the network came online during next year. It’s based on Bitcoin, but the original BTC code was modified, so it accommodates some improved features such a block generation time of 15 seconds, as well as improved security.

As we write this, DGB is trading at $0.012525. It’s capitalized at USD 149 million, from about half a billion, which was its total value roughly one year ago, which is enough to be ranked at the 53rd spot by coinmarketcap.

While the coin’s market performance is not outstanding, the technology behind it is supported by one of the world’s most advanced and innovative blockchains. It’s considered to be the world’s largest, safest, and fastest UTXO network in existence.

Digibyte’s system has undergone several significant updates during its existence that have kept it on the top of the crypto verse, technologically speaking. The next one is called “OdoCrypt,” and it’s scheduled to happen around July 19th. Digibyte users are advised to have their DGB core wallet updated by then so that the new algorithm’s expansion doesn’t get in the way of standard functionality for users.

The new algorithm’s adoption is almost 62% as we write this. It depends on users and nodes updating their Core Node and installing the Core wallet’s latest version. It means that the upgrade is nearly complete because 70% adoption is the goal at which support for Odocrypt will be considered fulfilled. The accurate, current number is of 61.5%. The percentage in question marks the fraction of active works in the network that are signaling compatibility for Odocrypt.

The chain is at block 8880341 as of now, so only 219659 are needed before the fork is final, and the project’s leadership expects that this will happen in about 38 days.

Block 9.100.000 is the spot that will mark the decommissioning of the current Myriad-Groesti algorithm (the network’s current standard) and will see it replaced with the brand new Odocrypt. By then every node and user should have their software upgraded so that compatibility is guaranteed.

Things don’t finish when the network reaches 70% of signaling. After that point, the same parameter will continue to be measured. The idea is to determine the moment in which that 70% level has been consistent for at least a week. At this moment, the algorithm is considered to be locked in.

So the network is prioritizing consistency over upgrading quickly, thus ensuring reliability. There’s no official estimation about the day in which this goal could be met, but if the system remains stable, it shouldn’t take much longer than a week after meeting with the seven-tenths goal.

It’s an exciting time to be part of the DGB ecosystem and see how the new improvements change the user experience for the cryptocurrency’s fans. Also, the continued efforts for development and maintenance in the project help uphold its reputation. The new technology could also help it improve its market performance, which has remained somehow unimpressive over the years.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Ripple has serious connections with central banks and even IMF, here is how

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Christine Lagarde heads the IMF (International Monetary Fund). That position gives Mrs. Lagarde a privileged view on how the world’s new financial system will develop. Some significant changes are coming, and the IMF, alongside the central banks, will play an even more prominent role in the future. It’s going to be global banks for a global world. Does that imply a global currency? And does Ripple’s XRP fit there?

In this article, we will review briefly some ideas posited by Mrs. Lagarde and John Maynard Keynes and try to figure out how they relate to the crypto verse in general, and with Ripple in particular.

Breton Woods at 75

We start with the conference event that celebrated the IMF’s 75th birthday. In this occasion, Mrs. Lagarde joined a panel that discussed rethinking cross-border cooperation. You can watch the full discussion if you’d like (below this paragraph we’ll embed the video for you), we’ll just stick to the main idea, which is quite simple. The world has remained too dependent on the USD as the world’s primary currency, and that’s not good in terms of equality among financial systems.

YouTube video

John Maynard Keynes, the legendary economist, proposed an international currency called “bancor.” He did this as Bretton Woods was created. It was meant to be the legal tender for global operations, thus preventing dominance by any single national currency. His idea was declined in favor of the USD, which, of course, did become the most crucial currency in the world.

A supranational currency was always part of the initial Keynes plan, which was the ideological cornerstone from which both the World Bank and the IMF were born. The project was adopted almost in full, except for the neutral currency.

The exciting thing is that now we can see documents by both the IMF and the WB in which Ripple’s XRP is referred to as a “supranational currency” just as Keynes envisioned 75 years ago. In the same documents, Bitcoin is called a cryptocurrency. This is not a coincidence. Ripple is passionately opposed on calling XRP the cryptocurrency, which is why it names it a crypto asset or digital asset. Could this be the reason why?

The original Keynes plan

Digging a little deeper on the Keynes plan, we can find this quotation:

“A radical solution is to create a new international organization, an international central bank, to which would be handed over the foreign exchange reserves of all countries. This is the Keynes-Triffin Plan on International Liquidity. The major obstacle to its implementation would be the’ reluctance of countries to give up their sovereignty over reserves. But it can be considered as a proposal to set the ball rolling for future negotiations.”

This is a radical idea indeed, and it would inevitably face stiff opposition from most of the world’s governments and central banks because they would have to give up their international reserves, thus losing one of the handles they have to stir domestic economic development and monetary policy.

YouTube video

The central idea is still built around an international non-national currency, and XRP could just fit the bill. It already does in most ways. The IMF acting together with the World’s Bank as a central bank for central banks could use XRP as a settlement means between the banks of the world while keeping balance along with bilateral relationships.

Mrs. Lagrade didn’t come out and spoke overtly about XRP adoption, but she espoused a series of ideas in which XRP could fit perfectly as the system’s working currency. Besides that, Ripple is already working alongside 40 or 50 of the world’s central banks so it’s already developed a collaborative network that would allow it to take center stage if the old Keynes plan should become an option (again) for the IMF.

The IMF’s leader has singled out Ripple in the past (calling it a disruptor, for instance) above other digital assets which shows that she’s very well about Ripple, its technologies and its currency.

So it would only make sense for the IMF to take advantage of Ripple (XRP)’s already developed networks, technology, and reliability to bring forward the next world’s financial system. And the IMF’s head seems to be keenly aware of this.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Electroneum (ETN) has a cannon under the wraps: M1 smartphone

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The MWC19 at Barcelona has just seen Electroneum (ETN)’s M1 smartphone released. The crypto verse anxiously awaited the new device, and it’s had mixed reactions from experts. The obvious question is: why is a fintech company involved in smartphone manufacturing?

Electroneum’s M1

The first thing everybody will want to know about this phone is if it’s as good as an Apple or a Samsung. It’s not. It’s not meant to be. It’s supposed to be a good, reliable phone, with the added value of being an affordable option for users who remain within the world’s unbanked population.

It runs on Android Go, and it’s average as budget mobiles go. You can buy one starting at USD 80. Those users who’ve already tested it say it’s sturdy, reliable and it works well.

Is this an error?

Not everybody is pleased about Electroneum’s incursion into the smartphone industry. Complaints are going around, mainly by investors, stating that smartphones were nowhere in the picture when they started to invest in Electroneum. Those investors are worried because ETN is entering one of the world’s toughest markets, which is already saturated by two of the world’s industrial giants. They see it as a set up for failure.

Other critics say that, if you can’t afford to own a bank account, then a USD 80 mobile phone (cheap as it really is) is also out of your reach. Yet another fear is that producing the M1 device will use up the project’s ICO money.

The real point in the M1

M1 is a marketing campaign, more than anything else. It’s designed to create trust around the Electroneum environment. Let’s say that a shop owner, or a friend, is trying to persuade an unbanked user to install the ETN cloud mining app.

The person in question is skeptic because “free money” is never really free and it always brings more problems along than those it solves. If you can show this person an M1, it will prove Electoneum’s legitimacy and trustworthiness so that this obstacle can be overcome in expanding the ETN payments system.

Besides, the device has made something of an impact in the cryptosphere. ETN is not the cryptocurrency you usually find in the most influential crypto platforms such as Coindesk or CoinTelegraph. For the most part, it’s considered to be a marginal project that’s not even mentioned very frequently in the specialized news sites.

M1 has changed all that, at least for the time being. Many well-known crypto YouTubers have run with the M1 news, and many sites that otherwise don’t cover ETN at all are also talking about it. That alone shows that the phone has excellent value as a marketing device.

About those ICO funds, they’re not supposed to be at risk. The phone will provide a small profit on its own, so the M1 will not get in the way of Electroneum’s growth.

The outlook

If you consider the M1 as what it is, it’s quite successful. It’s a marketing device that wants people from within and without the crypto verse to look at (Electroneum) ETN and consider it a viable option. It’s publicity that you can’t buy but that you can sell.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Sun Network, Tron’s sidechain solution is up and running at full now

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It’s no secret that the Tron foundation is one of those dedicated to delivering beyond expectations. Perhaps, if you’re a crypto enthusiast, you’re well aware of the number of developments coming out of the Tron foundation.

One thing that has always been clear from the Tron foundation is about introducing scalability improvements as well as other features.

And now, everything is set for Tron to get that leading edge in the crypto space to provide scalable dApps as well as smart contract solutions. What makes it interesting is that Sun-led blockchain’s arch-rival, Ethereum has struggled to achieve such a milestone for some time now.

When it All Started

The news about the launch of the scaling solution was officially announced in April. The Sun Network is simply built to develop further the Tron ecosystem. For instance, it’s meant to comprise several scaling projects like dAppChain along with cross-chain infrastructure plans.

The dAppChain Expansion

dAppChain is basically Tron’s dApp sidechain expansion project that is likely to increase its dApps immensely. Also, it will focus on some other customizable ways of running dApps with high efficiency, security as well as low energy consumption.

Overall, the Sun Network provides unlimited scaling for Tron MainNet, which will bring a plethora of possibilities to Tron’s dApps development and the ecosystem as a whole.

Besides, it is anticipated that the solution will bring a positive impact to the entire blockchain industry with Tron network benefiting the most.

The execution of the dApps includes three phases. The first phase already went down on May 30 with a focus on unlimited Tron Mainnet expansion. It supports sidechain smart contracts, too.

The second phase takes place on coming August 30th and will focus on further decentralization as well as asset security of Tron network. Besides, it will support the community for sidechain ecological construction.

The third phase is implementation and scheduled on September 15th, in an attempt to facilitate an easy deployment as well as the integration of sidechains.

The other Areas of Focus

Tron is taking the dApps bragging rights and getting more and more dominant steadily. This dominance is helping Sun-led blockchain to consolidate its position in the market and even move further up the radar.

Furthermore, the volume of dApps is increasing daily, further increasing the adoption of TRX and smart contracts. Given that Tron’s app activity targets blockchain-based gambling and games which drive high trading volumes, it seems, Tron is indeed destined for a good run going forward. As things stand, the new Sun Network will take Sun-led blockchain to the new heights. Time will tell us all, everything.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Product Marketing VP of Ripple: XRP is key in international payments

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When Ripple released episode thirteen of the Ripple Drop, the entire cryptocurrency was curious to hear what the company’s Vice President of Product Marketing, Kevin Mole, had to say about on-demand liquidity and the advantages of XRP in providing unmatched experiences for financial institutions.

The Ripple Drop is a continuous online video series that covers the latest news concerning Ripple, its default coin XRP, its customers, its blockchain technology, products, and culture.

On episode thirteen, Senior Ripple Management staff members, Pegah Soltani, Craig Dewitt, and Kevin Mole took their time to talk about RippleNet, XRP, and on-demand liquidity. For readers information, Pegah Soltani, Craig Dewitt, and Kevin Mole hold the position of Ripple’s Senior Market Intelligence Manager, Director of Product Management, and Vice President of Product Marketing respectively.

The episode started with Reinhard Cate, the renowned crypto journalist, presenting the different topics that were going to be tackled by the brains behind Ripple and its network.

Ripple Platform Could Open Many Potential Opportunities

In his interview with Ripple’s Senior Market Intelligence Manager, Pegah Soltani, Reinhard was quick to present the question concerning RippleNet and why its service was purported to have a significant market opportunity. In her response, Soltani explained that smaller financial institutions, banks, and payment providers were the number one financial players who stood a chance to reap big with RippleNet.

In the interview, Soltani said,

“It is these companies (Small financial institutions and payment providers) who have challenges accessing capital or global payments that stand an opportunity to reap big by accessing the market in a high friction manner.”

According to Soltani, small financial institutions, banks, and payment providers have a massive opportunity in the business payment market since it was a 10 to 15 trillion US dollar market that is growing at an impressive rate of about 5 percent to 10 percent per year. Also, these financial companies stand to benefit from emerging markets that are sure to offer great opportunities.

The Transfer of Ripple’s Default Currency, XRP Does not Require Pre-Funded Accounts

In his second session of the interview, Reinhard spoke to Ripple’s Vice President of Product Marketing, Kevin Mole, concerning on-demand liquidity, XRP and how it is crucial in the cross-border settlements.

Responding to the question posed, Mole explained on-demand liquidity to be a way for users to transfer fast and low-cost payments across borders with little or no obstacles considering customers do not need to have pre-funded destination accounts.

It means that if Ripple’s default currency, XRP, is present in two different countries, companies will be able to send and receive funds across borders with ease. At the time of writing, there are only two major countries, Mexico and the Philippines, that can receive payments through the xRapid product.

According to Mole’s explanation, Mexico and Philippines receive about 31 billion and 33 billion US dollars respectively every year through the xRapid product.

XRP plays a vital role in ensuring Ripple makes faster cross-border payments in a cheaper, secure, and more reliable way using blockchain technology. The blockchain technology is the responsible platform that ensures affordable, safe, and efficient money transfer between currencies in comparison to traditional banking systems, which are based on SWIFT.

The RippleNet Software Undergoes Upgrade

Companies that are in partnership with Ripple have a reason to smile as the crypto company updated its RippleNet software, a move that is poised to have a positive impact. According to the Director of Product Management, Craig DeWitt, the new software upgrade is going to provide superior and new software functionalities to its customers.

For instance, companies will now have full visibility rights on the funds they transfer. Also, it will now be possible to transfer funds through counterparties that companies do not have a direct relationship with.

The latest upgrade has developed new toolkits for businesses and companies to enable them to utilize Ripple Net in days rather than weeks.

At the time of writing, XRP is exchanging hands at $0.3907 US dollars.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Bitcoin Cash now accepted at ELIPAY, leading supermarket chain in Slovenia

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The Bitcoin Cash (BCH), a cryptocurrency, which is rated number five on the CoinMarketCap, is once again in the news. BCH users are now able to finish their grocery shopping by using Bitcoin cash. According to the announcement, BCH can now be used by people for buying groceries because Slovenian based mobile wallet company Elipay accepts it now. The official blog of Eligma, which developed Elipay said,

“Elipay users now have the possibility of buying daily fresh fruit and vegetables, along with 20,000 other products. Grocery shopping has just acquired a crypto dimension — with Elipay.”

Croatia and Slovenia are the two countries which are majorly dependant on tourism. This is one of the reasons that both of these countries have been aggressively adopting cryptocurrencies, Bitcoin Cash (BCH) is one of them.

BCH founder Roger Ver first executed such kind of transaction at one notable supermarket Tuš. The BCH founder finished his purchase by using Eligma’s crypto transaction method called Elipay and Bitcoin.com Wallet. Bitcoin Cash is a Bitcoin hard fork that arrived in August 2017.

Bitcoin Cash enables retailers and average users to execute secure and cheap transactions. Elipay is used by various online and offline stores, bars, eateries and concert venues. It is now available at 14 primary areas of Tuš, one of the prominent Slovenian supermarket.

This decision has been appreciated by many cryptocurrency enthusiasts as well as BCH users and traders. Subsequently, it is understood that this resolution might stimulate the widespread adoption of cryptocurrency, particularly in a day to day use. The Elipay combines with the current Point of Sale (PoS) mechanism. There are more than 100 locations in Slovenia that support the combination.

The Elipay wallet by Eligma is accessible for Android and iOS mobile users. Elipay holds cryptocurrencies like ETH, BCH, BTC, and its primary token called ELI. Bitcoin Cash aims to be everywhere, and Elipay has stepped in to plant the economic prosperity’s seeds.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Ripple executive answers why Forex traders lose money

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In most quarters, it is frequently said that the chances of being succeeding and reliably in the foreign exchange market are very minimal, as a larger percentage of forex traders are most likely to fail in the industry. Despite this probability, all forex traders who wish to be successful need to have a plan in mind for every forex trade they engage in to allow them to be accomplished and profitable more than the average trader.

There are many reasons why a trader might lose their money in the forex market. Most common is the lack of substantial experience, the misuse of trading signals, and poor money management. And David Schwartz, CTO at Ripple, has shared his view now on the topic, too. Mr. Schwartz claims that his answer is worth reading even if one is no interested in Forex trading. We will talk about his thoughts a bit later below. Let’s go through some Forex trading key information first.

At present, a large number of Forex traders incorrectly believe their success in the market is pegged on the signals and graphs. According to market observers, 90 – 95 percent of Forex traders record losses due to poor execution. In the world of Forex trading, execution plays an important role more than people think, resulting in people overestimating the signals and underestimating the other hard work they need to do.

An implementation plan needs to be present in every trader’s overall strategy even after getting favorable signals. Should a trader use a limit order, a market order, what duration should they store specific currency pairs before selling is some but just a few of the question they need to ask themselves.

Despite many risks involved, Forex trading is a beautiful venture that promises considerable returns to smart traders who tread carefully in the market. Several reasons contribute to forex trading being an attractive venture with the most significant reason being leverage. Traders and investors are attracted to the idea of their ability to borrow capital to increase their earnings, at levels that are not accessible in other capital markets.

Although being commonly used, not many investors know the definition of the word and how it is connected with their profit and losses. Again, stay with us, before we get to Ripple’s executive’s remarks on this, let’s keep covering some basics.

So, continuing, in the Forex Trading market, leverage plays a double-edged sword role that can assist an investor in generating profits on one side while being able to accelerate losses on the other side. If you are an investor and you are planning to use leverage while trading in the forex market, it will be wise to understand the benefits of investing using borrowed capital completely.

Leverage

Most of us have used leverage without our knowledge. When buying a house, it is common to take out a mortgage loan that collateralizes the house. The house acts as collateral for the lender to take if the borrower fails to pay off the loan. By using this borrowed capital, an individual can buy a house for an amount they could most likely not be able to raise if they did not lend from the bank.

In the Forex market, investors are given the option of borrowing capital to place a trade. An investor’s broker would lend them capital to trade, and the value of the currency pair would act as collateral. For instance, an investor’s broker would require them to post 10 percent on a EUR/USD trade that has a total notional value of 20,000 USD.

Why do traders lose money in the Forex market according to Ripple CTO, David Schwarts?

According to the accomplished forex trader and investor (and now an executive at Ripple) David Schwarts, there are a lot of reasons why traders might lose their investments. But the most common cause that might lead them to lose money is adjusting their plan to have a low probability of incurring a loss in the short term as possible. What this does is involuntarily maximize their chances of making losses.

According to the Chief Technology Officer of Ripple, if traders do not carefully understand the risks of ruins for the plan they are using, the expected amounts, and the loss probability, they should not be in Forex trading. As per David Schwartz, understanding these principles is a must.

Disclaimer: Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Electroneum on the rise, the mobile-crypto reaches 3 million users

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The digital revolution has taken a decidedly different turn in developing countries than it did in developed countries. The heydays of the “old internet” were desktop based, with Bill Gates’ famous “a computer in every home” looking to become a reality for many in Europe and the US. However, the digital revolution only really took off when Apple created a whole new industry with its iPhone – the smartphone market.

Today, almost every family has at least one portable computing device, and the services that have mushroomed in the wake of this paradigm of computing power has definitely been noticed by financial companies that work in developing markets. Banking is mobile, and payments for everything from bread to top-ups are going mobile as well.

Enters Electroneum (ETN)

While cryptocurrency and blockchain applications have so far been the domain of power-hungry desktops, the real value of any app in this modern world is how mobile-focused it is. Almost everyone, no matter what sector of society they belong to, has a smartphone. So having a mobile-focused view is a blessing that many do not take into account.

While many cryptocurrencies have mobile based options, and most of the exchanges have smartphone apps, this is not the same as building for mobile from the ground up, which is precisely what Electroneum had in mind when the cryptocurrency was being constructed.

It is a cryptocurrency that is built for mobile from the ground up and has the app, and back end technology to show it. Since it is a relatively new entrant into the market, coming in January 2018 which was around the same time as the crypto crash of 2018, the crypto has lost a lot of its value that it gained in an ICO.

The great thing about Electroneum is that it is made with financial regulations in mind. Their KYC/AML procedures are part and parcel of their technology, and they do not skimp out on it. The group behind Electroneum is taking its role in the market place very seriously and looking to become a competitor to payment platforms and other cryptocurrencies alike.

It could become, quite possibly, the killer app that drives wholesale blockchain adoption into the mainstream. The quick, efficient and almost instantaneous transfers of value in an easy way between both average users and consumers/businesses, means that it is an exciting option for small businesses in developing countries to look at.

Electroneum News
Yesterday, a Reddit user who goes by the username ‘theboudicca’ shared Electroneum’s total users in a screenshot.

South Africa as a stepping stone

South Africa is perhaps the best example of how a mobile-focused cryptocurrency can have a significant effect when applied correctly. ETN’s marketing is hyper-focused on South Africa for two reasons. The first reason is the substantial tech sector there – which can push adoption by getting the news out to the general public and help with the support of the cryptocurrency.

The second and far more critical reason is that there are still many who do not have a computer or a functional bank account. The vast majority of the people in this situation do, however, have a mobile phone and use airtime transfers and micro-banking services to transact, as well as cash. The crime scene in the country is such that a cryptocurrency that can replace cash is perfect for those who already have a mobile phone – which almost everyone does.

If Electroneum can continue its push into developing countries, and back up its KYC/AML procedures to ensure that they are compliant with local regulations, they could soon be a force to be reckoned with. The current figure of 3 million users is an excellent starting point, but they will need quite a lot more to become a mainstay in the mobile payments market in South Africa and beyond.

However, if they do manage to break through a general population resistance barrier, then it will spell the beginning of the cryptocurrency in many developing countries, and we could finally be seeing the Paypal of crypto come to the fore.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Ripple exec Dilip Rao to speak at yet another mega conference, will XRP benefit?

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The Conference

The Central Bank Payments Conference will happen again this year. One of the subjects to discuss will be (again) blockchain and distributed ledgers technology which is becoming something of a fixture in this type of conferences (it was only a few weeks ago in Switzerland, were Brad Garlinghouse, Ripple’s CEO attended and addressed the audience).

Some specific questions are on the agenda like: are Distributed Ledger Technologies useful in RTGS systems? Can they be useful for cross-border retail payments? For paying securities? For issuing central bank money?

Dilip Rao, Ripple’s Global Head of Infrastructure and Innovation will be there. His answers to all the questions will be undoubtedly affirmative. He will plainly put some emphasis on how Ripple’s distributed ledger and blockchain is one o the best solutions (if not the best) in the market to tackle these problems.

Ripple
Credit: snapshot taken from http://cbpayments.com/2019-conference-agenda

Many questions will be answered by Mr. Rao within the conference, for sure, but he’s unlikely to say anything new as Ripple’s technology and use cases are already well-known in the industry and the crypto verse. He will probably speak about some of the latest Ripple Net members all over the world and explain why Ripple’s platform is gaining momentum across the globe.

Ripple (XRP)’s market performance

There’s another question that will be in the cryptoverse’s collective mind: is this intervention going to help XRP’s market performance in any way? Sometimes an vital announcement triggers a change in the market, and we could see one of those delivered by Mr. Rao. But will it happen?

XRP has lost 5.2% of its value over the last week. All of those losses (even more) have happened during the previous 24 hours. The token is trading at USD 0,40982, and it’s going down. The trend is red for sure, but it’s not as alarming as you could think, because the price is still slightly above the all-important psychological limit of USD 0,4.

But it remains unclear how XRP will behave in the hours and days to come because the technical picture for the hourly and daily periods is red, but the weekly and monthly ones are decidedly green.

In any case, Mr. Rao’s intervention is scheduled for June 26th, which is still more than two weeks in the future. So the chances are that short-term performance for the cryptocurrency will be affected a lot more by other news. Ripple keeps securing new partnerships all the time. They announce at least a new one every week or so, and the next two weeks won’t be an exception to the rule. Any of those announcements, especially if one of them turns out to be big, will be more influential (for now) than whatever transpires at the Central Bank Payments Conference.

Ripple’s XRP remains the world’s third largest digital asset by market capitalization, as well as one of the projects with the best fundamentals in the blockchain industry. So it’s sure to start performing well in the market. It’s just a matter of time.

The critical question, of course, is when that time will come? Even the best market analysts don’t know the answer to that question as things stand, but most experts agree that Ripple (XRP) is a sleeping giant that is about to wake up. And Mr. Rao’s exposition could turn out to be one of the triggers.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

2019 might be the year for Cardano (ADA) as improved road-map gets announced

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When it comes to cryptocurrencies, new digital assets are continuously being added into the crypto space. Fierce competition drives the market and drops those that are not ready to compete. Cardano (ADA) is one of the cryptos that have held onto the things for an accountable time now.

Cardano, which is among the top cryptos, is a groundbreaking proof-of-stake network developed into a dApp development platform having multi-asset ledger as well as verifiable smart contracts. And now, the company behind it, IOHK, has announced a new road-map for it, so the chances are that things will get even better for the cryptocurrency.

The Redesigned Roadmap

Merely two months after the Cardano team completed the Shelley era as forecast, now IOHK has announced a new and updated roadmap for Cardano. The roadmap is basically a summary of development organized into five eras, namely Byron, Shelley, Goguen, Basho, and Voltaire.

Each of the eras is centered around some set of functionalities delivered across several releases. Besides, the eras are performed sequentially with each era’s work happening in parallel, with research as well as prototyping.

The new roadmap was previously announced by CEO Charles Hoskinson and is meant to offer a vivid vision of the network’s future as well as recap all the work done thus far on the project.

IOHK (Input Output Hong Kong) the parent company of Cardano and Ethereum as well as a brainchild of Ethereum co-founder has released an updated roadmap. Specifically, the new roadmap shows the progress towards its 2020 vision.

What Does New Cardano Roadmap Include?

The roadmap defines the eras with crucial themes as well as detailed functional components, how they fit together, and what each era will deliver. The primary purpose is giving the community much visibility on what is being worked on as well as what is being offered.

For instance, the roadmap indicates that Shelley development should be completed mid this year, which actually looks excellent, given that it’s up and running on the main net.

Moreover, it’s designed to bring everything together and be updated regularly. Besides, it should act as a hub for a plethora of development in the future.

Bryon was done and dusted early this year and now comes Shelley. New content about Goguen, Basho, and Voltaire will be added later. Goguen is tipped to be the one to bring mass adoption, and it’s said the era has already begun and done parallel to Shelley.

Furthermore, a mobile-optimized website plus a Japanese, Chinese, and Korean language versions will as well be rolled out in the coming weeks.

As we write this, Cardano (ADA)’s price stands at $0.084 after going down by 2.56% in the last 24-hours. The market cap of Cardano is about $2 billion; hence, the altcoin is surely making steady strides to becoming the best and seal a position on the top ten cryptos list. With the new announcements, sooner or later Cardano may become the real deal.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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