Author: Anna Galvez

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Crypto News

Ethereum Classic (ETC) To Get Metamask Support, But Nothing Is Official Right Know

The Ethereum Classic (ETC) community has received news after its director, Anthony Lusardi, announced through the social network Twitter that Metamask, the Ethereum’s browser and wallet, will soon offer support to the ETC blockchain. The executive also said that, although the support is not yet finished, the work continues to develop.

This new still undergoing partnership could generate new possibilities for Ethereum Classic (ETC) and its ecosystem.

Some news articles even reported that Metamask already supported the Ethereum Classic (ETC) cryptocurrency, so Lusardi felt the need to come out to state that Metamask’s support for ETC is not officially confirmed.

We work together and hope it will be included. I must say, the chances are high. But it’s not official.

Anthony Lusardi, Ethereum Classic (ETC) Director

Metamask support for Ethereum Classic (ETC) would greatly benefit the ETC

Metamask is a plugin created as an extension for Chrome, Opera, Firefox, and Brave Internet browsers, which allows you to interact with Ethereum (ETH) blockchain and will soon support Ethereum Classic (ETC), also.

The program can run Ethereum’s decentralized applications (DApps) without the need for a complete node.

Also, Metamask has a secure identity vault and a wallet for Ethereum (ETH) transactions. The software, which is known for its fox mascot, bridges the gap between the user interfaces for Ethereum (ETH) and the web.

Ethereum Classic (ETC) was born out of an Ethereum (ETH) blockchain fork when the implementation of the Decentralized Autonomous Organization (DAO) failed. Let’s remember that after an exploited vulnerability, the DAO project was hacked, resulting in the loss of more than $60 million in ETH.

To financially support Ethereum Classic (ETC) in its development, marketing, and community, the ETC Cooperative (the ECC) was created. The goal is to provide funds for community members to develop their own projects, according to the ECC’s official portal.

Above all that, the future Metamask support for Ethereum Classic (ETC) would benefit the ETC, increasing its usability and adoption rate.

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Crypto News

Mysterious BitPico Group Threatened They Commence “Stress Test” Attack On Bitcoin Cash (BCH)

The Bitcoin Cash (BCH) network is the next target of the mysterious BitPico group, which was responsible for the June 22nd attack and which, as they announced, will continue over the upcoming months.

That is what the members of the group have said since June 21st through the Twitter account @BitPico. They warn that they plan to extend the stress test to more than 5000 nodes in the following six weeks. The announcement of BitPico has generated mixed reactions within the cryptocurrency community. However, there are also voices that say that it is only “smoke and mirrors.”

We have redesigned our LN stress test kit for $bch #bcash @bitcoin Why? It’s time to determine how centralized @rogerkver really is and we’re 100% sure we can divide the network into multiple bifurcations. We will see a 51% attack on #bitcoin #cash in September.

BitPico group, on Twitter

BitPico group became famous for conducting stress tests on the Bitcoin (BTC) network

The stress tests are mechanisms to test the reliability and robustness of a software or digital platform under extreme conditions of use. One of the most traditional forms is excessive sending of requests and running under limited hardware conditions. Attackers seek to saturate the program to its breaking point where potentially dangerous defects can appear.

Stress tests are also used by devs to determine whether a platform will perform optimally in the conditions of intense attacks on it. That is, to test its performance if the actual load may exceed the expected capacity.

The debate over the possible purposes of this type of stress tests on Bitcoin (BTC) and Bitcoin Cash (BTC) networks reached the Reddit platform where users began to discuss the consequences of the attack.

The majority of the Bitcoin (BTC) community’s members believe that the BitPico group’s attempt will not make any harm due to the Job Test PoW algorithm that keeps the entire network secure. On the other hand, some argue that the purpose of the attackers is to create the so-called Fear, Uncertainty, and Doubt (FUD) sequence to put Bitcoin Cash (BCH) in disadvantage.

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Crypto News

TRON (TRX) Cryptocurrency Migration Is Complete – What’s The Next Step For TRX?

At last, TRON (TRX) has entered the next stage of its rollout on the TRON main network. Today is the TRON Independence Day when TRON (TRX) is finally shifting away from the Ethereum (ETH) ERC-20 platform to turn into a real TRX token which runs on its proprietary blockchain.

To commemorate this, TRON has just successfully finished a 1 billion TRX burnout, and this is expected to boost the new TRX token’s value in the next few weeks.

“TRON’s core network launched by TRON Independence Group based on community consensus at 10:00 on 25 June 2018 (Singapore time), and has been running smoothly ever since. TRX migration from ERC-20 tokens to TRON main network tokens has started simultaneously. Exchanges supporting migration have started technical integration. Everything’s fine” reads an article release by TRON Foundation’s Medium.

The next step for TRON would now be the beginning of the Election of Superrepresentatives, a procedure that is set to proceed with enabling the selection of a fresh crew of super-representatives.

What’s The Next Step For TRON (TRX)?

As TRON (TRX) embarks on its new blockchain and the new TRX token assumes its role, we anticipate that the TRX value will commence appreciating, given that an appreciation in the token’s market capitalization is also expected.

TRON (TRX) and TRON Foundation CEO and founder, Justin Sun, aspires to see TRX grow to become the second most traded cryptocurrency in the world. While this will be labor-intensive, moving the TRX tokens away from Ethereum ERC-20 platform on TRON main network is the perfect beginning for Sun’s aspirations to become a reality.

TRON (TRX) is currently trading at $0.039, recording a decline of about 7% in the last 24 hours, at the time of writing. Analysts speculate that this downward tendency is merely the result of some uncertainty regarding TRX as the token migration progresses.

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Crypto Markets

Lightning Network Makes Bitcoin (BTC) Payments Faster And Cheaper – Here Are 4 Platforms That Support It

iDue to the increase in transactions and the congestion of the Bitcoin (BTC) network, Lightning Network was developed, a technology that allows you to use BTC as a cryptocurrency payment method instantly and at lower fees. Here you can see the best 4 platforms that have integrated this technology – OpenNode, GloBee, BTCPay, and CoinGate.

OpenNode

The Open Node cryptocurrency payments processor allows payments to be made with the Lightning network. This platform, launched last May, announced that its system “is designed for companies of all sizes and shapes.”

All out tools and features are built around the idea that using Bitcoin (BTC) should be easy and empowering for both merchants and customers alike.

Open Node

Masen.io Lightning Network platform

This platform is developed by Masen.io, a company dedicated to Bitcoin (BTC) technology and ecosystem, based in Los Angeles, USA.

Via its website, Masen.io points out that its work aims to “close the gap between BTC and the general public through the development of applications that focus on people and their daily lives.”

GloBee

Another platform that allows payments through Lightning Network is GloBee, a global provider of cryptocurrency payments that enables you to accept or send payments in Bitcoin (BTC), Litecoin (LTC), or Ethereum (ETH), among others.

Also, GloBee payments platform can be integrated into websites through WooCommerce, Magenta, OpenCart, and other services, which extends the reach of Lighting Network and can increase cryptocurrency adoption.

BTCPay

BTCpay, an alternative open source project to BitPay, also enabled the option to make payments with Lightning Network last March, as well as CoinGate, which stated that “this technology will eventually make Bitcoin (BTC) faster, lighter and more efficient.”

Lightning Network is a network that operates outside of Bitcoin (BTC) main blockchain and processes transactions through payment channels created between its nodes. As a result, transactions are made immediately and with minimal fees, opening up the possibility that BTC can be adopted as a payment method on a global scale.

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Crypto News

BTCC Sold 49% Of Its Bitcoin (BTC) Mining Pool To Hong Kong-based Value Convergence Holdings

Value Convergence Holdings Limited of Hong Kong signed a memorandum of understanding (MOU) with BTCC Pool Limited for the acquisition of a 49% of its Bitcoin (BTC) mining pool shares. In the document, dated June 24th, the purchase price was set at 147 million Hong Kong dollars (HKD), equivalent to about $19 million.

The memorandum of understanding is not legally binding, as it makes it clear that its terms are subject to negotiation between the parties and the proposed acquisition may or may not materialize. However, some considerations are detailed, such as that the entire share package is expected to be settled through a combination of cash and shares.

Also, 30 million Hong Kong Dollars has been set aside as a “Guarantee of Profit” for Value Convergence for one year. That implies that BTCC Pool Limited will have to compensate the buyer if its profits fall below this figure.

BTCC sold 49% of its Bitcoin (BTC) mining pool shares to Hong Kong-based Value Convergence Holdings Limited

The buying firm, Value Convergence (VC) Holdings Limited, is an investment group operating in the financial services area in Hong Kong and listed on the Hong Kong Stock Exchange. VC has decided to enter the cryptocurrency world with this acquisition proposal, which it carries out through one of its subsidiaries called Initial Honour Limited.

BTCC, created in 2011, includes among its activities different areas of the crypto ecosystem, offering a cryptocurrency wallet, the Mobi wallet, a crypto exchange platform bureau, and the Bitcoin (BTC) mining pool which is currently under negotiation.

Also noteworthy, in September 2017, BTCC had to close operations after the strict prohibitions implemented in China on the cryptocurrencies market, which forced the company to move its operations out of the Asian country. Subsequently, at the end of January this year, the acquisition of the entire BTCC group by an unidentified Hong Kong investment firm was announced.

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