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Stable Coins Forum / Hybridverse Building Its Euro-Backed Stablecoin on Zilliqa Blockchain

« on: June 26, 2019, 01:24:46 PM »

Hybridverse’s Euro backed stablecoin is called Hybrid Euro (HEUR), and is being built on Zilliqa Blockchain that is first and only blockchain to implement sharding.

Photo: Hybridverse Blockchain / Medium

Hybridverse, ‘the world’s first high throughput stable cryptocurrency ecosystem as a service,’ announced that they decided to build its Euro-backed Stablecoin on Zilliqa Blockchain.

Hybridverse presents itself as a multi-purpose payment network enabling users to operate within the blockchain economy in an easy way. They introduce themselves as a transparent, liquid, peer-to-peer, easily accessible, public, open system merging the benefits of cryptocurrencies and the simplicity of normal currencies.

Italian based company had already in November last year been selected to be part of I3P — Treatabit, the Incubator for Innovative Enterprises of Turin’s Polytechnic University. I3P is being ranked 1st in Italy, 5th in Europe, 15th worldwide by the UBI ranking, the Global Benchmark Report of best academic incubators.

Their Euro backed stablecoin is called Hybrid Euro (HEUR), and is being built on Zilliqa Blockchain.

They explain such a decision with Zilliqa being the first and only blockchain to implement sharding, that has been a task that many projects and enterprises in the blockchain industry tried to solve and to address.

They also said that, before choosing Zilliqa, they’ve evaluated different blockchain platforms based on decentralization, security, scalability, tax costs and innovation criteria. Zilliqa has 2,400 nodes that is 99 times more than EOS and two times more than TRON in just 1 week of mainnet activity. Thanks to its sharding technology the platform manages to process transactions in a scalable and decentralized way, allowing to provide high-throughput performance with no compromises on network security.

Also, instead of pushing the hype by releasing a mainnet with a small number of nodes, the Zilliqa Team choose to delay the mainnet in order to guarantee security.

Smart contracts on Zilliqa are programmed in a brand new language specifically created by the Zilliqa Team called Scilla. Before compiling the program into code for an actual, physical machine, the compiler first translates it into intermediate code suitable for a theoretical, abstract machine. Scilla is therefore bug resistant, because if the code is bugged, it can’t be compiled and the smart contract can’t be deployed on the blockchain.

There is also a question of cost efficiency. Transaction costs on Zilliqa are pretty low – 0.000023 $, which is 700 times less than ETH and BTC fees. This say Hybridverse, allows them to provide to its users not only the fastest stablecoin but also the one with the cheapest fees, allowing for nano payments.

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Blockchain Technology / Japanese Manufacturers Enter Blockchain-Backed Data Sharing Arrangement

« on: June 26, 2019, 01:19:07 PM »

Mitsubishi Electric and Yaskawa Electric are among 100 major Japanese manufacturers to enter into a data sharing arrangement underpinned by blockchain, according to a report by Nikkei.

The project aims to boost efficiency, lower the risk of data leaks, and reduce operating costs. It will be overseen by the Industrial Value Chain Initiative, a manufacturers group that launched in 2015 to promote the “internet of things” in Japan.

Similar to the strategic Renault–Nissan–Mitsubishi alliance, the information sharing arrangement will include product design data, the status of production equipment and quality inspection information, thereby improving productivity and competitiveness.

But unlike managing and sharing information on servers, the blockchain offers the business consortium security, flexibility, and assurance of the deals stability. The project lets participants decide how much data to share, whether to share it with one or more companies, as well as whether to charge a fee for the information.

Nikkei reports that the blockchain initiative will lift Japan’s manufacturing sector as a whole by attracting not just big corporations with advanced production technologies but also smaller players that are unable to invest large sums.

The project will launch next spring.

Image via Shutterstock.

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Bitcoin News & Updates / $200,000 in Bitcoin Seized in Dark Net Drug Probe

« on: June 26, 2019, 01:10:21 PM »

U.S. authorities seized more than $200,000 worth of bitcoin after alleged drug manufacturer and dealer met with undercover law enforcement officers to exchange the digital currency for cash at a hotel in Norwood, Massachusetts.

The arrest — which occurred on March 27, 2019 — was part of a wider investigation into a Boston-based drug syndicate that operated through the darknet site EastSideHigh.

During the investigation, an undercover federal agent ordered MDMA from the “EastSideHigh” vendors. Later this officer allegedly observed Binh Thanh Le, 22, deposit an envelope containing the agent’s order into a United States Postal Service collection box in Stoughton, a neighborhood in Boston.

Agents devised a sting meeting with Le, arresting him after he transferred bitcoin to the agents. It is unclear if Le collaborated with the federal agents throughout the investigation.

Le’s conspirators, Steven McCall, 23, and Allante Pires, 22, were later arrested on charges of conspiring to make and distribute controlled substances, including MDMA, Ketamine, and Xanax.

According to the charging documents, Le, McCall, and Pires received wholesale quantities of controlled substances in the mail. The three men then processed and manufactured those controlled substances at an office space they rented in Stoughton. Pursuant to federal search warrants, numerous envelopes containing narcotics connected to this drug distribution scheme were intercepted.

The arrests were made following the execution of a search warrant at their office space. Upon entry, the agents found and arrested McCall, who was wearing latex gloves and a respirator, believed to be in the process of filling drug orders.

During the search, agents found a computer with the EastSideHigh vendor page open, and numerous packages containing MDMA and Ketamine, various shipping and packaging materials, and a pill press. In total, authorities also seized 20 kilograms of MDMA, more than seven kilograms of Ketamine, over 10,000 Xanax pills, and more than $100,000 in cash.

All three men were indicted yesterday in federal court in Boston on charges of conspiring to manufacture and distribute controlled substances.

Link

Ethereum News & Updates / Ethereum Adopts Enjin’s ERC-1155 Token Standard

« on: June 25, 2019, 06:33:01 PM »

Exactly one year ago, Enjin’s CTO Witek Radomski introduced the ERC-1155 Multi Token Standard to the Ethereum development community. Today, it was pushed to final status and has become an official Ethereum token standard, making it permanently unchangeable and available to be used by the entire Ethereum development community.

ERC-1155 is widely considered a successor to the ERC-20 and ERC-721 token standards given that it can be used to mint both fungible and non-fungible tokens that are more powerful, efficient, and standardized than those minted with its predecessors. Due to its standardized data structures, any game, app, or website that integrates one ERC-1155 asset can integrate any other ERC-1155 token with very little effort—even tokens minted by other developers. This creates an ecosystem primed for inter-platform operability of assets, which Enjin refers to as a “multiverse.”

The core idea behind ERC-1155 is that a single smart contract should be able to produce infinite tokens. This means a single ERC-1155 smart contract can mint and manage many different tokens in the same way a vending machine can dispense a wide variety of snacks and beverages. In contrast, ERC-20 and ERC-721 smart contracts can only mint and manage a single token type, so writing and deploying one of them is more like building an entire vending machine for every single snack you want to dispense.

The cost of gas is one of the most significant challenges to building on Ethereum, as every operation must be recorded by more than 25,000 nodes. By minimizing the amount of code required to mint each individual token, ERC-1155 significantly reduces gas fees, as well as the ever-growing bloat of duplicate ERC-20 and ERC-721 code that will remain on the Ethereum blockchain forever.

ERC-1155 is designed to be backward-compatible with ERC-721, and developers can add adapters to make ERC-1155 tokens act like ERC-20 tokens. This means projects can mint ERC-1155 tokens that function exactly like ERC-20 and ERC-721 tokens within wallets, exchanges, and marketplaces.

The ERC-1155 standard has also been future-proofed to ensure it is the final token standard for digital assets on the Ethereum blockchain. The meticulous year-long standardization process undertaken by its authors and contributors has ensured that any developer who adopts ERC-1155 can do so without fear of having to shift to another token standard in the future.

This news comes three months after Enjin’s launch of their Blockchain SDK for Unity and the Enjin Platform to Ethereum’s Testnet, which enabled developers to create and manage blockchain games without writing any blockchain-related code. More than 7,000 developers are already using the Enjin Platform to create and integrate ERC-1155 blockchain assets into their games, apps, and websites. Developers interested in harnessing the power of decentralized assets and creating or joining a multiverse can sign up here to begin using Enjin’s robust suite of blockchain game development tools.

About Enjin

In 2009, Enjin launched the Enjin Network, a gaming community platform which boasts over 20 million users. In 2017 following a successful ICO that raised $18.9 million, Enjin began building a suite of blockchain products that enable anyone to easily create, manage, trade, store, explore, distribute, and integrate blockchain assets.

Comprised of the Enjin Platform, Explorer, Wallet, Beam, and other tools and services, Enjin’s tools enable game developers and studios to utilize tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), an Ethereum-based cryptocurrency used to directly back the value of Enjin-powered blockchain assets. For more information, visit https://enjin.io.

Link: https://www.coinspeaker.com/ethereum-adopts-enjins-erc-1155-token-standard/

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Good news for Ethereum ecosystem in general. But why are there so many ERC-standards? Are they necessary? And if yes, will it make Ethereum ecosystem scattered?