Zcash Sets Stage for ‘Sapling’ Upgrade With New Software Release 5234

Privacy coin zcash is gearing up for a major upgrade with the first release of network software compatible with its upcoming Sapling hard fork.

Zcash version 2.0.0 was released Thursday, according to a blog post penned by Sean Bowe, an engineer with the Zerocoin Electric Coin Company, which develops the zcash cryptocurrency. The company is “encouraging all users and miners” to upgrade to the new version “as soon as possible,” he said.

The hard fork itself is expected to occur on October 28, when the first Sapling block will be mined at block 419,200. Prior to the live launch, Sapling will run on a test network (or testnet) from block 280,000 – an event Bowe said should occur sometime next Thursday. He wrote:

“Sapling had previously activated on testnet, but because changes were made to the consensus rules your node will automatically roll back and proceed on the Overwinter testnet branch until Sapling activates again at the new height.”

The v2.0.0 software upgrade includes experimental support for remote procedure calls – by which code can execute on a remote computer as if it was called locally – although full support will not be available until the 2.0.1 release.

It also fixes a bug which slowed some nodes syncing to the network when banning peers. The function “was introduced to mitigate against a class of [denial of service] attacks from Sprout nodes,” Bowe wrote. The new software instead just ignores invalid transactions.

The Sapling upgrade is intended to significantly reduce the storage requirements for private transactions and update the blockchain’s zk-snarks cryptography to make it more secure, as previously reported by CoinDesk.

A two-part “ceremony” to produce the parameters required to encrypt the blockchain was completed Tuesday, having run since November of last year. Announced in another blog post, the team stated that completing the process concludes “the largest multi-party computations ever performed.” The zcash team began releasing software patches for Sapling earlier this year.

Previous ArticleNext Article

Plethori is Offering Investment Opportunities into Leading Insurance, NFT, and Oracle Sectors 23662

Plethori

London, United Kingdom / 23 May 2021 / Plethori, a cryptocurrency ETF investment platform, is offering investment opportunities into leading Insurance, NFT, and Oracle sectors.

In the crypto world, investment opportunities are plenty, but can appear scattered and complex. Plethori plans to help solve this problem. As crypto becomes more mainstream, emerging projects are combining the best of the traditional and decentralized markets in order to offer the greatest investment opportunities to serious investors. One such company is Plethori, a one-of-a-kind cross-chain investment platform built on the Ethereum and Polkadot blockchains. Their goal: to deliver Cryptocurrency Exchange-Traded Funds (ETFs) to the masses via their platforms.

Plethori is a Cryptocurrency ETF Investment Platform that allows the open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The service will allow investors to deposit capital in the form of PLE tokens and invest in a wide range of ETFs enabling investment into entire industries in cryptocurrency such as insurance, oracles, NFTs, Derivatives, Polkadot ecosystem projects, and many more.

The cross-chain investment platform recently partnered with Shield Finance — a multichain DeFi insurance aggregator. Shield Finance has developed an insurance aggregator which enables investors to protect their portfolio against ‘black swan events such as hacks, exploits, rug pulls, market crashes. The partnership will provide Plethori’s users with the power to insure their investments against negative price movement. Shield Finance will deploy Market Crash Protection contracts to cover the $PLE token. Holders will be able to insure their tokens against loss, giving them the ability to sell their $PLE at a guaranteed price (irrespective of current market price). Plethori also has plans to explore deploying the same insurance contracts to cover their range of available ETFs.

Plethori Brings Financial Inclusiveness

Soon to be launched on the ethereum layer 2 solution Optimism, Plethori will be able to offer their users ultra-low transaction fees and fast trading whilst maintaining high security. The platform shall also provide ERC-721 integration, rewarding ETF creation and trading achievements and gratifying investment and trading. Plethori will utilize the Ethereum and Polkadot ecosystems, empowering traders by providing a wide range of ETF tokens to trade and invest in. This will allow for the leveraging of technology from both blockchains. The service will allow investors to create fully decentralized ETFs that can then be traded which will earn creators a share of the subsequent transaction fees. The leaderboard system will reward top-performing fund creators with NFTs which give perks on the platform and partner project platforms such as early access to releases and higher staking APY.

Some of the key features on the platform include: Metamask Wallet connectivity for trustless non-custodial transactions; Blank Wallet integration for secure, private transactions; ultra-low fees on transactions; margin trading; leveraged trading; advanced charting features; detailed asset information; cryptocurrency market analytics; portfolio management tools; PLE token staking and farming and a lot more.

Plethori Governance

Plethori Governance is the governance platform and a community forum where PLE token holders will be able to submit proposals and vote on platform changes which will be vetted and executed by using governance contracts. The community will be able to communicate with other equally dedicated members in the tiered groups on the platform and coordinate and propose changes to the Plethori ecosystem.

The governance structure will be a complex but fair tiered system with each holder initially holding an equal single vote and their vote growing in value in response to certain factors relating to usage and involvement in the ecosystem.

The metrics that will influence the governance tier level and strength of vote are: length of time holding PLE; length of time staking/farming PLE; frequency of usage of the Plethori platform; level of engagement in the Plethori Governance platform, and; community contributions.

This system allows for community control, which holds true to the original cryptocurrency ideals of decentralization and democratization.

The PLE token will additionally act as a governance token for the platform giving the community the power to direct the development and advancement of their goals. PLE token holders will be able to vote on the platform to determine fund parameters and new features. They’ll also be able to influence decisions concerning the project such as ETF asset rebalancing or listing/delisting of assets. The changes proposed will be vetted and then voted on through the governance platform. Any changes will be applied automatically via smart contracts.

Conclusion

Plethori is bringing an era of financial inclusiveness through its cross-chain investment platform that offers several investment opportunities via Defi to one and all. Their interoperable platform allows for seamless trading between the Ethereum and Polkadot ecosystems.

The platform guarantees more than simply an aesthetically thought-out UI but also an investor-centric feel to create the perfect blend between form and functionality.

Social Links :

Twitter : https://twitter.com/plethori

Telegram : https://t.me/plethori

Medium : https://medium.com/plethori

CryptoUniverse: We get profit when you get profit 22263

CryptoUniverse

We could not wait to present you the first part of the huge transformation. CryptoUniverse is always trying to reach the highest level of transparency, so you can feel every hash/second is running near you, but without any noise, heat or space taken from your home.

Let’s start the introduction from the main one. Meet the new balance management system. Collected experience and vision allowed us to make the step forward. From now, every account will have its own balances for different purposes in our ecosystem that you can easily manage as you want from the new page called “Balances”. This unique feature comes with a reworked electricity payment system. We made it as similar to your usual life routine as possible. All assets are still pre-paid, but you can fully control it within the new balance designed for electricity that is simply called “Electricity account”. There you will find not only the amount required to pay, but also real numbers of electricity in kilowatts consumed by any of your assets.

CryptoUniverse wants you to have access to as many instruments as possible.That is why we added the opportunity to make flexible and fixed savings not only in BTC, but in LTC too.  It grew by 500% in the last 6 months, so we all see again what results diversification can give. Beneficial and safe storage of your assets is one of our priorities.

New miners and contracts push your frontiers too. From now, the fee of our service is calculated in percents and is related to your mining income. It shows that we are interested in making mining as profitable for you as possible.

New instruments complicate user experience for some of us, so we thought it would be great to outweigh it by a significantly improved dashboard. Recent update includes a reworked “Dashboard” page and a new “Assets” page that can be used for managing and monitoring your assets in several clicks. There are dozens of other minor improvements, but we offer the intrigue to find it by yourself.

Our team worked a lot to make these changes possible, so we are pleased to hear any feedback on your experience with dashboard in social media or in support. To make your acquaintance more intense, use promo code GETPROFIT21. It provides you with a discount on our recent miners and contracts.

This is just the beginning, so keep an eye on it. Thank you for being with us.

About CryptoUniverse

CryptoUniverse.io is a multifunctional service created on 14 February, 2017. It gives users an opportunity to purchase or rent calculating power and equipment on its infrastructure. Company is based in Europe with headquarters in the United Kingdom and Estonia that guarantees operation within the European Union law and safety of users’ assets.

In Russia the company and its technical partners operate several clusters of modern data centers with an overall area of 38 000 square meters and more than 120 MW of overall power. It makes the services of CryptoUniverse.io high-quality and uninterrupted.

Main idea of the project is a simple and available opportunity to enter cryptocurrency mining by purchasing or renting calculating power. The service is also interesting for experienced miners because well-established logistics gives them an access to top-notch equipment that is already installed, tuned and ready to function in data centers of the company. Transparent operation and flexible offers to make clients experience comfortable are the main values of CryptoUniverse.

CryptoUniverse team is full of highly qualified professionals who polished all the processes, made service easy and convenient. 24/7 support extends boundaries for users who are not familiar with blockchain technology.    

CryptoUniverse. You buy, we pay.

World’s first tradable carbon token is set to democratize access to the most important new asset class for generations 20279

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 24327

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

New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments 60060

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.

Altcoins: LTC, EOS, XLM, Atom and XTZ 53104

XTZ/USD

Tezos (XTZ) has been the best performer of the past seven days, rising about 43% during the period. It received a boost on the news of its listing on the crypto exchange OKEx.

Another positive news was that Coinbase introduced staking rewards for all Tezos holders, enabling them to earn about 5% annually. After the recent rally, is it a good time to book profits or can the move up extend further?

XTZ/USDT weekly chart. Source: Tradingview

The bulls have held the support at $0.829651 for the past few months. This indicates that buyers have been eyeing dips down to this support level to accumulate. The XTZ/USD pair has surged this week and has risen above both moving averages. It can now move up to $1.85. The pair has been pushed back down from this resistance on two previous occasions, hence, a breakout would be a significant event.

On a close above $1.85, a rally to $2.87 and above it to $3.37 is likely. Therefore, traders can buy on dips close to $1.1 levels. Our bullish view will be invalidated if the price turns down and slips below the recent low of $0.75.

ATOM/USD

Cosmos (ATOM) has been gradually moving higher for the past few days. It has risen by about 24% in the past seven days and is the second-best performer. Can it continue its up move or has it run its course? Let’s analyze its chart.

ATOM/USD weekly chart. Source: Tradingview

The ATOM/USD pair has found support close to $2 levels thrice in the past few months. This shows that bulls have been buying on dips to the support levels. With the rally this week, the price has scaled above the overhead resistance at $3.6043, thus completing a triple bottom formation.

It now has a minimum target objective of $5.2985. If the bulls push the price above this level, a rise to $7 is possible. Therefore, traders can buy on a close (UTC time) above $3.6043 and keep a stop loss of $2.90. Contrary to our assumption, if the price turns around from the current levels and plummets below $3.6043, it will suggest a lack of demand at higher levels.

XLM/USD

Stellar (XLM) surged on the news that the Stellar Development Foundation (SDF) had burned over 55 billion of the 85 billion tokens that were set aside for SDF operations, giveaway programs and partnership programs.

The foundation said that the burning was done because it wanted to be leaner and more efficient. After its 12% rally, can it rise further in the next few days or will the price dip due to profit booking? Let’s study the chart.

XLM/USDT weekly chart. Source: Tradingview

The XLM/USD pair is facing selling at the overhead resistance of $0.088708. With the rally this week, the price has risen above the previous low of $0.072545. This shows that the markets have rejected the lower levels. Both moving averages are flattening out and the RSI has risen to just below 50 levels, which shows that the sellers are losing their grip.

If the bulls can defend the support at $0.072545 during the next dip, it will be a positive sign. On the upside, the pair will pick up momentum on a breakout of $0.088708 and the 50-week SMA. Above the 50-day SMA, a rally to $0.145 will be on the cards.

Therefore, traders can initiate long positions on a close (UTC time) above the 50-week SMA and keep a stop loss of $0.067. Our bullish view will be negated if the price turns down from $0.088708 and sustains below $0.072545.

LTC/USD

Litecoin (LTC) has been attempting to form a bottom in the past few days. It extended its up move with an 8% rally in the past seven days. What are the critical levels to watch out for and when does it start a new uptrend?

LTC/USDT weekly chart. Source: Tradingview

The LTC/USD pair has broken out of the downtrend line and is attempting a recovery. If it sustains above $62.0764, it will suggest that the lower levels are attracting buyers. There is a minor resistance at the moving averages above which a move to $80.2731 will be on the cards. The flattening moving averages and the RSI moving up slowly suggests that the bulls are making a comeback.

Though positive, we do not find a reliable buy setup at the current levels, hence, we are not recommending to trade it. Our bullish view will be invalidated if the pair turns down and plunges below the recent lows of $47.1851.

EOS/USD

EOS rounded up the top five crypto performers of the past seven days with a rally of about 8%. There have been complaints of congestion in the network but it has not affected its price. Has it bottomed out? Let’s find out.

EOS/USD weekly chart. Source: Tradingview

The EOS/USD pair has risen close to the moving averages, which are likely to act as minor resistance. If the bulls can push the price above this resistance, a move to $4.8719 is likely. The flattening moving averages and RSI just below the center indicate that the selling pressure has reduced.

Contrary to our assumption, if the pair turns down from the moving averages and plummets below the recent lows of $2.4001, it can retest the yearly low. However, we give it a low probability of occurring. We do not find a trade setup that offers a good risk to reward ratio at the current levels, hence, we are not recommending taking a long position in it.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.