Vitalik Buterin Says Zk-Snarks Could Scale Ethereum 1135

A form of cryptography pioneered by zcash might help scale ethereum, the founder of the platform Vitalik Buterin said on a research forum Saturday. Named zk-snarks, Buterin wrote that by using the tech, ethereum can potentially scale “by a huge amount,” up to 500 transactions per second, without relying on layer-two scaling solutions, such as Plasma or Raiden. As detailed by CoinDesk, zk-snarks allow for large batches of information to be compressed into so-called succinct proofs, which remain the same size regardless of the amount of inputs.

Buterin wrote:

“We can actually scale asset transfer transactions on ethereum by a huge amount, without using layer 2s that introduce liveness assumptions (eg. channels, plasma), by using zk-SNARKs to mass-validate transactions.”

Continuing, Buterin describes a method that includes a “relayer” node, a kind of computer that performs the task of aggregating transactions in exchange for transaction fees.

“Anyone can be a relayer; there is no assumption of even an untrusted special ‘operator’ existing,” Buterin added.

As a result, he estimated that such a setup could lead to gains of “~24x for ETH transactions and ~50x for ERC-20 transfers.”

The proposal comes at a time when pressure is mounting on ethereum researchers to find ways to increase the transaction capacity of the platform. For example, a tweet by Parity communications officer Afri Schoedon on Friday urged developers to “stop deploying dapps to ethereum. We are running at capacity.”

In response, Buterin tweeted that zk-snark scaling solutions might alleviate the pressure faced by the ethereum blockchain.

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World’s first tradable carbon token is set to democratize access to the most important new asset class for generations 18993

The Universal Protocol Alliance (UPA), a coalition of leading blockchain companies including Bittrex Global, Ledger, CertiK, InfiniGold and Uphold, today launches Universal Carbon [UPCO2], the world’s first tradable carbon token on a public blockchain that can be bought and held as an investment, or burnt to offset an individual’s carbon footprint. With demand for carbon credits outstripping supply by a factor of 4 to 1 in 2020, according to the World Bank, the UPCO2 Token is set to democratize an important new asset class, which could lead to the establishment of a global clearing price for carbon (as today exists for such commodities as oil and gold) and more resources going directly into environmental projects.

Each UPCO2 Token represents one year-ton of CO2 pollution averted by a certified REDD+ project preventing rainforest loss or degradation. Every Token is backed by a Voluntary Carbon Unit [VCU], a digital certificate issued by Verra and other international standards agencies, which allows certified projects to turn their greenhouse gas (GHG) reductions into tradable carbon credits.

“The projects we support through carbon credit purchases prevent deforestation in the Amazon, Congo Basin and Indonesia as well as other threatened rainforests”‘ explained UP Alliance Chairman, Matthew Le Merle. “For a new generation of investors looking for more than mere financial return, UPCO2 offers attractive social, economic and environmental benefits. At a key moment for climate change, UPCO2 allows people worldwide to do good for the planet and potentially do well for themselves.”

Powerful macroeconomic forces underpin the Voluntary Carbon Credit market and, according to some commentators, could drive up prices significantly as more countries introduce regulated CO2 markets, forcing companies to compensate for their pollution. Additionally, a growing number of firms and individuals are choosing to offset their carbon footprints voluntarily.

As with all commodities, prices for carbon credits are likely to fluctuate, but human emissions have grown from 25 billion tons to 55 billion tons between 2008 and 2018, while the supply of voluntary credits has remained broadly flat.

According to the World Bank, in 2020, humanity compensates for just 22% of global emissions through the purchase and retirement of carbon credits, and yet the proportion of countries operating regulated carbon markets has risen from 40 percent of global GDP in 2016 to 70 percent in 2020. The result is a wall of demand that may far outstrip the production of new carbon credits, which is constrained by the slow and expensive process of Voluntary Carbon Project certification.

“This year may go down as the key inflection point for climate change,” said JP Thieriot, Co-Founder of the UP Alliance and CEO of Uphold. “The year it went from far-off issue enshrined in distant accords like Kyoto and Paris, to a palpable threat affecting the lives of tens of millions of people. In recent months, we’ve seen Australia and California on fire, ever more powerful hurricanes, the U.S. president-elect Joe Biden announcing a Climate Administration, and companies such as Apple, Microsoft, and Nike voluntarily committing to carbon neutrality.

“Combating climate cancer is likely to become the dominant economic issue of the next 20 years. The UPCO2 Token allows people everywhere to participate in this hugely important – and potentially lucrative – new market, as well as do the right thing for the planet.”

Voluntary carbon credits, which back all UPCO2 Tokens, offer major economic advantages compared with regulated credits. As dollar-denominated, globally-recognized, fungible and perennial assets, voluntary credits last forever, maintaining option value, until consumed or retired by a company or an individual seeking to compensate for carbon footprint.

“It’s astonishing that there is no single global clearing price for carbon emissions,” said Le Merle. “A non-deliverable, digitally-tradable commodity that’s essential for human activity shouldn’t be traded bilaterally on OTC markets, as carbon credits are today.

“One year-ton of carbon means the same everywhere. As a globally-recognized asset, defined by international standards, a Voluntary Carbon Credit should eventually fetch the same price anywhere.” Mr. Le Merle said, “We believe that the UPCO2 token has an important role to play in democratizing access to carbon credits, which could eliminate price arbitrage and produce a single global price. This was a light bulb going on for me. Combine a digital asset with a rainforest carbon offset and give everyone in the world access. How could that not be a great idea?”

ExCore’s sale is LIVE 23282

ExCore

ExCore Sales and Impressive Staking

ExCore is a new and rapidly growing cryptocurrency that stands to eliminate inflation. Because there is a finite supply and no new tokens will ever be released, your investment in ExCore will never significantly drop from controllable causes. Right now, ExCore is in the middle of their private sale, but will release their public sale and staking platform next week on October 21. ExCore is a company that all keen investors should keep an eye on.

Private Sale

Today (October 14), ExCore launched their private sale to their whitelisted members. The sale is ongoing and takes place on Bounce, a secure medium used for crypto transactions in presales. It currently is about 25% full, and will go on until 10/17 or until the hard cap of $100,000 is reached.

You can participate via this link: https://bounce.finance/join/swap/3669 and this PASSWORD: excore2020

There are guides in ExCores telegram groups (Link can be found at bottom of this page) that explain in detail how to use the bounce platform.

Public sale

On October 21, the public presale will launch with a hard cap of $800,000 worth of ETH. Everyone will be able to participate in this sale as long as they have a metamask wallet. The minimum requirement for this sale will be 1 ETH, but keep in mind there will be gas fees, so you will need to have some extra in your account.

Staking

On the same day as the public presale, ExCores staking platform will also launch. Their staking platform offers an impressive 550% APY that will come from fees from every transaction on the ExCore network. To stake your tokens, there will be a 1% fee to stake your tokens as well as a 1.5% fee to unstake them, but staking for even just one day will be enough to cover these fees.

Summary

Not only does ExCore make for a great investment with their anti-inflation protocol, but if you also stake your ExCore you will be looking at some very nice returns. ExCore is without a doubt one of the best crypto investment options of 2020 and the sooner you get in, the better rates you will be able to buy at. The ExCore team is currently marketing everywhere they possibly can, so once the word gets out it will no longer be possible to buy tokens at this discounted price.

ExCore Links:

Here, you can find a few very helpful links, but most importantly the link to Github. This verifies the integrity of ExCore through our open source code (that anyone can see!).

Github: https://github.com/ExCoreFinance

Website: https://www.exvault.finance/

Telegram: https://t.me/excorevault

Twitter: https://twitter.com/ExCoreVault

Medium: https://medium.com/@excorefinance

Contract address: 0x87D3646B101977de0D2D58dfC5A70e84767A1909

Staking contract address: 0x28Ea47E0ff753AE99eE5241f468817Db6C476d

Narkasa, an Innovative, Safe and Fast Cryptocurrency Exchange Launches Operations 20387

Narkasa

The cryptocurrency industry is always evolving, leading to increased awareness and popularity of Bitcoin and other crypto-assets. Among the leading areas of innovation in this emerging ecosystem is the evolution and sophistication of new cryptocurrency exchanges. A lot of existing exchanges create own and limited value proposition to its users, for instance, offering trade tutorials, global reach and mass adoption of cryptocurrencies. Other platforms focus on improving security features and customer support. However, few crypto exchanges are focused on user-centric features such as building a user-friendly platform, trading support and legal compliance across jurisdictions. Narkasa is a recently launched cryptocurrency exchange prides itself as being the most user-centric platform in the market and goes on to offer more than one solution to its users.

Launched in June 2020, Narkasa cryptocurrency exchange is duly registered and located in Istanbul. Legal and regulatory compliance is a huge competitive advantage of the exchange in its bid to ensure customer’s funds and data remain safe. Therefore, the exchange operates in compliance with the European Union’s AML/CTF and KYC guidelines.

Buying and selling cryptocurrencies has just been simplified for both new and experienced users! Users can access Narkasa services through its website as well as via iOS and Android devices. Trading experience is enhanced via the use of an API supported algorithmic trading technology. As a market leader in user-experience in the cryptocurrency industry, a user has an opportunity to interact with the various user-interfaces available on the exchange via the website even without a prior sign-up requirement. Hence, allowing its customers to decide to opt-in or not.

Further, Narkasa goes past being a user-friendly platform which is significant to driving crypto mass adoption and positions itself for global expansion and support. The exchange plans to introduce crypto trading supported by 156 national currencies. Therefore, allowing investors and other crypto enthusiasts from all over the world to buy and sell cryptocurrencies of their choice supported by host country fiat money/currency. Already, few weeks after launch the exchange supports transactions in various fiat currencies namely Ruble (Russia), Real (Brazil), Pound (Turkey), Tenge (Kazakhstan) and Hryvnia (Ukraine). Customer support and interaction with the trading platform is also available in 12 national languages. Choosing local or host country currency is win to Narkasa users because it’s an opportunity to save on foreign exchange cost otherwise charged if one has to convert funds from leading fiat currencies to a local one. Additionally, as a user you get to view your balances easily and intuitively in your local currency.

Why Choose Narkasa Exchange?

  • Multi-Currency support (both fiat and cryptocurrencies
  • Low Trading Fees
  • Zero Commission on Purchases of Cryptocurrencies via the Platform
  • User-Friendly Platform
  • Global Access
  • Multinational Platform -Supports 12 Languages
  • 24/7 Live Customer Support
  • Powerful Trade Engine backed by Artificial Intelligence (AI)
  • Fast, Safe and Secure Transactions

Are you frustrated with the complex user-interfaces experienced with cryptocurrency exchanges, huge costs and lack of consistent customer support? Narkasa is the exchange to be. Traders are reaping huge returns via the exchange by leveraging on its cutting-edge technology. What’s more, the exchange is running an offer, 50 per cent discount on all transactions via the platform within its 90 days after the official launch.

First Scalable Enterprise Solutions Leveraging the Value of Public Blockchain 21935

In early 2019, the business standards company BSI partnered up exclusively with Trace Labs, the core developers of OriginTrail, to deliver blockchain-enabled solutions. With such solutions, the British Standards Institution (BSI) seeks to enhance its global assurance, certification, and supply chain services by ensuring the integrity of digital records. In collaboration with Trace Labs, BSI is now launching a series of blockchain-based solutions catering to both organizations and individuals aiming to build resilience in their supply chains, a need becoming even more apparent in light of the COVID-19 virus outbreak.

Solutions described in the recently released BSI white paper – titled “Instruments of Trust: BSI’s Blockchain-Based Solutions” – enable a secure and trusted way of verifying the authenticity of claimed personal credentials as well as company and product certifications. BSI has also introduced the SCAN Trusted Factory Blockchain Program designed for US importers to ensure the authenticity of a factory’s certification and factory credentials.

False assertions are prevalent in society leaving people uncertain of whom and what to trust. Counterfeit products and false claims are far too commonplace and perpetually flood the market. Examples include counterfeit drugs/fentanyl-laced prescriptions, false or misleading food labels, and the range of credentials provided to others as part of our daily lives – passports, qualifications and so on. Challenges remain within legacy trust systems, as businesses and consumers demand an immutable source of truth and verification.

“In today’s global, interconnected economy, there is a growing trust deficit felt by businesses and consumers,” said, Dan Purtell, BSI Group Innovation Director

To help combat false claims, BSI partnered with Trace Labs in early 2019 and has since used technology based on the OriginTrail Decentralized Network (ODN) in three pilot projects. This allowed BSI to provide a suite of solutions that serve as instruments of trust for its clients, enhancing the resilience of its brands. Using DLT technology as a single source of truth, they aim to provide clients with the ability to demonstrate to their customers the authenticity of their claims, be it certifications, product authenticity, or traceability. BSI and Trace Labs are continuing to develop new solutions beyond the three pilot projects.

Version 3.0 of Loyyal’s Industry-Leading Blockchain Platform Unveils New Administrative Console 44374

Loyyal, the industry leader in applying blockchain technologies to enhance today’s loyalty and incentive programs, is proud to unveil version 3.0 of the Loyyal Product Suite, achieving yet another milestone in the platform’s performance, security, and features. Already the industry leader, Loyyal’s continued enhancement of transaction security, scalability, and ease of deployment delivers greater benefits to loyalty program operators than ever before. Among several new features, two significant introductions in this release are the new Administration Console, as well as improved fault-tolerance and recovery.

Greater Control & Visibility for Program Operators

The new Administration Console provides Operators with a new level of insights into program activity and member behavior. With these new features, Operators are able to query and view individual blockchain transactions within their programs, or the precise activities of their members in ways previously unavailable. This level of observability empowers Operators to more accurately tune their programs for maximum member value and engagement, all while improving program profitability.

Another key set of functionality provided via the Administration Console gives Operators greater security through the management of user accounts and permissions. An Operator’s organizational roles, as well as access rights and privileges, can now be mirrored in how it manages its blockchain on Loyyal. In addition to easier deployment and ongoing management of the Loyyal Product Suite, the user management features of the Administration Console also serve to help prevent fraud within a program’s operations.

Future releases will expand on the Administration Console’s capabilities, including visual management of Smart Contracts, Partner management, and additional customized reporting tools.

Additional Features

With version 3.0, the Loyyal Product Suite has improved redundancy and system recovery from unforeseen network errors or conditions, negating the need for continued monitoring by Operators, and automating the recovery of key Platform functions within milliseconds. Additionally, Loyyal’s engineers have refactored much of the Platform’s underlying API layer for greater performance, while maintaining backward-compatibility with previous releases.

“It is the needs of our clients and their partners that continue to drive the design and features of the Loyyal Product Suite,” said Greg Simon, CEO, and Founder of Loyyal Corporation. “Loyalty program needs are somewhat unique among large enterprise applications, and we are absolutely committed to staying ahead of the rest of the industry in meeting the needs of Program Operators. The release of Version 3.0 provides the support and tools needed by even the largest global programs.”

Loyyal’s blockchain-as-a-service and software components combine the core Loyyal Platform APIs, Program Manager, and Event Manager modules, coupled with secure Node hosting for a complete solution. The capacity and performance enhancements, plus the robust data privacy controls of Loyyal Product Suite version 3.0 build upon the success of version 1.0 released in June of last year, which delivered enterprise-grade capabilities and improvements in transaction security, network resiliency, and scalability.

About Loyyal

Loyyal, the Internet of Loyalty, is reinventing how loyalty is created, rewarded, and managed. Using proprietary blockchain and smart contract technology, Loyyal’s interoperable loyalty and rewards platform brings a host of benefits to a highly fragmented industry and offers brands an innovative way to unlock the billions of dollars in value held captive in legacy loyalty programs today. For information about Loyyal, please visit www.loyyal.com

New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments 59163

The draft law on the prevention of the legalization of proceeds from crime and the financing of terrorism and weapons of mass destruction proliferation was supported by a significant majority in the Rada. The bill was amended to incorporate “virtual assets” which have been described as property and as a digital expression of value that can be traded or transferred and used for payment or investment purposes.

Ukraine’s anti-money laundering (AML) legislation introduces the standards for virtual assets adopted this year by the Financial Action Task Force (FATF). The members of the inter-governmental organization recently agreed to monitor and assess the implementation of the crypto requirements in different countries, as news.Bitcoin.com reported in October.

The law also introduces the term “provider of services related to the transfer, exchange and storage of virtual assets,” the crypto information outlet Forklog reveals in an article. An interesting detail is that not only corporate entities but private individuals as well will be allowed to offer such services under the new regulations.

All crypto operations will be subject to different levels of financial monitoring depending on the amount and destination of each transaction. The Ministry of Digital Transformation, which has been quite active this year, will be tasked to regulate the circulation of virtual assets in Ukraine. It will also conduct oversight to verify compliance with AML regulations in the crypto sphere.