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Monday, December 30, 2019

ERC20 Market Capitalization Hits USD$1.82 Million

ERC20 (CURRENCY:ERC20) traded down 4.7% against the dollar during the one day period ending at 7:00 AM E.T. on December 28th. Over the last seven days, ERC20 has traded down 7.6% against the dollar. One ERC20 token can currently be purchased for about $0.0364 or 0.00000498 BTC on cryptocurrency exchanges including Mercatox, Kuna, EtherDelta (ForkDelta) and Token Store. ERC20 has a market capitalization of $1.82 million and approximately $34,939.00 worth of ERC20 was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed over the last day:

  • XRP (XRP) traded up 1.8% against the dollar and now trades at $0.19 or 0.00002635 BTC. 
  • Tether (USDT) traded 0.4% lower against the dollar and now trades at $1.00 or 0.00013699 BTC. 
  • Binance Coin (BNB) traded 2.4% higher against the dollar and now trades at $13.54 or 0.00184666 BTC. 
  • Bitcoin SV (BSV) traded 4.8% higher against the dollar and now trades at $91.99 or 0.01254597 BTC. 
  • Stellar (XLM) traded 1.4% higher against the dollar and now trades at $0.0457 or 0.00000624 BTC. 
  • TRON (TRX) traded up 0.9% against the dollar and now trades at $0.0134 or 0.00000183 BTC. 
  • Chainlink (LINK) traded 0.1% lower against the dollar and now trades at $1.89 or 0.00025728 BTC. 
  • COZ (COZ) traded 26.7% higher against the dollar and now trades at $0.22 or 0.00004541 BTC. 
  • Neo (NEO) traded up 1.3% against the dollar and now trades at $8.75 or 0.00119397 BTC. 
  • Crypto.com Chain (CRO) traded 0.3% lower against the dollar and now trades at $0.0381 or 0.00000379 BTC.

About ERC20

ERC20 was first traded on October 23rd, 2017. ERC20’s total supply is 13,000,000,000 tokens and its circulating supply is 50,000,000 tokens. ERC20’s official website is belance.io. ERC20’s official Twitter account is @ERC20project.

Buying and Selling ERC20

ERC20 can be bought or sold on the following cryptocurrency exchanges: Kuna, Mercatox, Token Store and EtherDelta (ForkDelta). It is usually not presently possible to purchase alternative cryptocurrencies such as ERC20 directly using U.S. dollars. Investors seeking to acquire ERC20 should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase ERC20 using one of the aforementioned exchanges.

Thursday, December 26, 2019

Decentraland (MANA) Tops 1-Day Trading Volume of $14.73 Million

Decentraland (CURRENCY:MANA) traded 0.1% higher against the U.S. dollar during the 24-hour period ending at 9:00 AM E.T. on December 25th. During the last week, Decentraland has traded up 11.3% against the U.S. dollar. One Decentraland token can now be bought for about $0.0294 or 0.00000406 BTC on major cryptocurrency exchanges including AirSwap, Huobi, ZB.COM and Liqui. Decentraland has a total market cap of $30.90 million and $14.73 million worth of Decentraland was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • XRP (XRP) traded 2.8% lower against the dollar and now trades at $0.19 or 0.00002602 BTC. 
  • Tether (USDT) traded 0.6% lower against the dollar and now trades at $1.01 or 0.00013872 BTC. 
  • Binance Coin (BNB) traded down 3.2% against the dollar and now trades at $13.16 or 0.00181659 BTC. 
  • Bitcoin SV (BSV) traded down 1.4% against the dollar and now trades at $86.08 or 0.01188044 BTC. 
  • TRON (TRX) traded down 3.8% against the dollar and now trades at $0.0133 or 0.00000184 BTC. 
  • Stellar (XLM) traded down 3.9% against the dollar and now trades at $0.0439 or 0.00000605 BTC. 
  • COZ (COZ) traded 26.7% higher against the dollar and now trades at $0.22 or 0.00004541 BTC. 
  • Chainlink (LINK) traded down 2% against the dollar and now trades at $1.83 or 0.00025250 BTC. 
  • NEO (NEO) traded 2.8% lower against the dollar and now trades at $8.59 or 0.00118539 BTC. 
  • Crypto.com Chain (CRO) traded down 0.3% against the dollar and now trades at $0.0381 or 0.00000379 BTC.
  • CloudStack (CLSK) traded 4.7% higher against the dollar and now trades at $0.066 or 0.00001652 BTC

Decentraland Token Profile

Decentraland launched on August 8th, 2017. Decentraland’s total supply is 2,644,403,343 tokens and its circulating supply is 1,050,141,509 tokens. The official website for Decentraland is decentraland.org. Decentraland’s official message board is forum.decentraland.org. Decentraland’s official Twitter account is @decentraland and its Facebook page is accessible here. The Reddit community for Decentraland is /r/decentraland and the currency’s Github account can be viewed here.

Buying and Selling Decentraland

Decentraland can be purchased on the following cryptocurrency exchanges: Liqui, Gate.io, DragonEX, Mercatox, OKEx, Bibox, Upbit, Huobi, Ethfinex, UEX, Cobinhood, ZB.COM, Binance, EtherDelta (ForkDelta), Bittrex, Kucoin, HitBTC, Kyber Network, Bancor Network, Gatecoin, LATOKEN, TOPBTC, BigONE, Radar Relay, AirSwap, DDEX and IDEX. It is usually not currently possible to purchase alternative cryptocurrencies such as Decentraland directly using U.S. dollars. Investors seeking to acquire Decentraland should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Decentraland using one of the exchanges listed above.

Thursday, November 21, 2019

Livepeer Token Ecosystem

There has been a lot of development going on in the Livepeer ecosystem over the past few months as the community works towards creating a useful, scalable, and cost effective open video infrastructure. Some of the areas of focus have included:

  • Streamflow — the big network scaling update 
  • GPU mining and transcoding opportunity 
  • Video developer productization and pilot program 
  • Network participation and governance 
  • Token holder community product and growth 
  • This post shares some status updates, as well as provides a glimpse at what’s next in each of these areas.

Streamflow is the name of the upcoming Livepeer protocol update focused on taking the initial alpha public network, and making it scalable, cost effective, and reliable. It is currently running successfully on an internal test network, and working with high reliable for video transcoding. Tests have shown up to 99.99% reliability with many video streams, under certain conditions, and the challenge will be to replicate this on a public test network before going to mainnet.

One of the interesting features of the Streamflow update is that it contains what we believe to be the first implementation of a layer 2 payment scaling solution called Probabilistic Micropayments, which enables users to pay providers on the Livepeer network at high scale, without being effected by high fees on the Ethereum network.

Dashboard showing Probabilistic Micropayments tickets being sent, received, and redeemed for one node on the Streamflow internal testnet. Another impactful feature of Streamflow is that it will enable increasing the number of active Orchestrator (currently called Transcoder) slots from 25 in the alpha, to 100+.

Audits for the Streamflow code are beginning the first week of October. The aim is for the public Streamflow testnet to launch in the final week of September or first week in October. The goal for the public testnet is to allow node operators to learn to play the roles of Orchestrator and Transcoder in the new protocol, to test out GPU transcoding, and to help find and report bugs to enable Livepeer to achieve 99.99% transcoding reliability before going to mainnet.

A long anticipated aspect of the Livepeer project was that it could enable existing crypto miners to continue to mine GPU based cryptocurrencies like Ethereum or ZCash, while simultaneously leveraging unused video encoding chips on their GPUs to make additional revenue transcoding video. GPU mining is now working in the Streamflow codebase, and the dual mining ability is also demonstrated, while benchmarks are being collected to report on tuning and performance impacts.

While income from transcoding will be unlocked with the Streamflow release, those looking to experiment with running both simultaneously can follow these early technical instructions. More polished software easing the miner experience will surely follow in the future.

Livepeer’s network is open, and it enables anyone to be able to tap into the protocol directly to get live video transcoded. However it has also become clear through working with the existing video industry, that more polished products and services would need to exist in order to let scaled existing video applications test and begin to integrate without worrying about blockchain, cryptocurrency, and decentralized tech.

The first product developed in this vein is a plugin to existing media servers that allows users to use the Livepeer network for affordable and scalable transcoding, while hiding all of the crypto-complexity. Livepeer invites users of popular media servers to participate in a pilot program which will enable them to evaluate Livepeer’s technology at zero cost up to a limited amount of scale. The experience is that video developers can enable the plugin with a press of a button, and begin observing the benefits of Livepeer — affordable transcoding and reduced infrastructure costs.

These pilots are available to today, and we look forward to sharing positive case studies as part of the early usage. If you have a video streaming application in need of transcoding, please share your information here.

Participation in the public Livepeer alpha network has grown tremendously since launch. With 30+ infrastructure operators around the world running transcoder nodes, thousands of stakeholders participating in delegation to QA and secure the platform, and a large community of developers contributing to building tools around the supply side ecosystem.

The participation rate has recently passed the 50% target, meaning over 50% of all outstanding LPT is staked. The effect of surpassing this target is that the inflation rate now decreases by a small amount each round (day) that participation remains above this target.

Participation rate steadily climbing in 2019 to above 55%.

As the incentives to participate shift as a result of these economic parameters, it raises the questions around future governance. Livepeer’s road to decentralization summarizes the governance follows as the next stage in decentralization, and while forking to invoke an updated ruleset is always possible, there is a lot to be learned from recent protocols that have moved these sorts of upgrade mechanisms on chain and into community hands with seamless mechanisms involving signaling, proposals, voting, and binding on chain updates. This will be an active area of research and implementation for the project in early 2020.

As the most active set of participants in the Livepeer community are the token holders who have been operating the network, the project and community have put a lot of recent work into supporting this group.

Tuesday, February 5, 2019

Kinguin Krowns @ Middle East Blockchain Forum

The second edition of the two-day Middle East Blockchain Forum opened today (February 5) in strategic partnership with Kinguin, a leading online gaming marketplace at Grosvenor House, Dubai Marina.

The forum will offer attendees unique networking opportunities to connect with industry leaders and innovators looking to explore the distributed ledger technology.

Speaking at the event will be Kim Rom, an esports and gaming veteran with 20+ years of experience and chief gaming officer for Kinguin, at a session entitled ‘A Decentralized Marketplace for Digital Games, Items and Services’. During the session, Kim will highlight trading capabilities for game and in-game items by building and integrating a trade platform using the latest technologies.

Kinguin’s strategic partnership with the Blockchain Middle East Forum comes ahead of its Initial Coin Offering (ICO), in the form of Krowns – its own cryptocurrency to create an efficient virtual economy for gamers all over the world.

Kinguin made a switch to blockchain technology in a pursuit of decentralizing its future operations in August 2017. Six months later, on 15 February 2018, the company is taking the next step forward towards this end by launching an Initial Coin Offering (ICO) of its own cryptocurrency - the Krowns - in an attempt to accelerate the development of the Kinguin Marketplace and fuel the global economy of the gaming industry.

The introduction of a new gaming token will benefit both gamers and game publishers. The former will now have a possibility of dealing with each other directly, anywhere and anytime - and trading not only games or digital items, but also gaming-related services. Hence, they will simultaneously profit from their own contribution to gaming communities they form a part of. The latter, on the other hand, will find a new way of monetizing their products and distributing them in a much easier and safer manner.

Viktor Wanli, CEO and founder of Kinguin said: “Our industry is currently witnessing a great wave of change and Dubai is known for being synonymous with not only innovation, but a strong spirit of entrepreneurship as well. With the government’s drive to become completely blockchain-based in the near future, the emirate is on course to emerge as the epicentre of blockchain-driven innovation.”

“This is an exciting time for Kinguin and we could not be more proud to partner with the Blockchain Middle East Forum.

“By bringing this disruptive innovation into the world, we have shown our potential to compete with the giants of the industry, yet remain uncompromising in our quest for meeting our customers’ ever-changing needs. This time, we bring trading closer to them by enabling the execution of financial transactions without supervision of any centralised unit. We are now stepping up to the plate by adopting blockchain technology not only as a trading tool but also in an attempt to commoditize trust and ultimately reform our company from within,” he added.