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CREDITS RELEASES MAINNET: PROMISES MORE AFTER LAUNCH

The release of the Credits Mainnet is a long anticipated milestone. It is our goal to inform the blockchain community of our technology and we begin our marketing activities in earnest. – Team Credits

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Credits, in a recent community update, announced the launch of Credits Mainnet. In the same article, the concerned company did well to make available the details about their key events- providing all necessary details about the 2019 Credits Platform Roadmap, market entry strategy, and approaches to enhance project visibility.

Among the topics for discussion were the Source Code release and Bug bounty, Token swap, Platform Tests and Infrastructure Development.

Mainnet Launch

As rightly put by the Team, the scheduled date for the launch of the Credits Mainnet is 31st, March 2019. in the press release, the team shows that the launch would include the public availability of the main credits platform components which are Credits Node-full client software; Credits Monitor-Blockchain explorer; Desktop Wallet- the desktop version of wallet with full functionality; Web Wallet- web version of wallet.

The Credits Technical Roadmap for 2019

The roadmap for the project which was presented from March 2019 gives the idea that the platform contains all necessary functionality to start using software for the development and Production of DApps. Further emphasis was put on the fact that this current product which is being tested isn’t the final one.

According to the team, in subsequent releases, they hope to launch a series of optimization processes aimed at enhancing the network and data storage module, API and also plans to further develop their SDK are in place. Credits further stated that more significant updates would take place through hard forks.

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The Credits Technical Roadmap for 2019

Publishing Credits Source Code and Bug Bounty Campaign

The Blockchain community has recorded tremendous success since its invention mainly because of the fact that it is Open Source. according to Credits, even though it had been very cautious over the publishing of the Source code just before the Mainnet launch, it is points out that it had in time past prior to now, made available its code to private independent auditors who made sure to validate and give feedback which the team have incorporated to make the Credits Platform fast, safe and secure.

However, with the release of the Mainnet, the Credit team have said that it will begin publishing the complete source code of Credits Protocol in GitHub. This progressive move will commence in the month of April until the full code is out there in the community and is available for public perusal.

“Its a very important step that will increase the rate of transparency of the project, increase the developers’ audience and increase platform adoption. We hope this release form provides the basis for the joint use and collective development model, enhancing the project ecosystem.”

– Team Credits

At the completion of the publication of the source code, a Bug Bounty Campaign will be launched (Read about bug bounties). This will seek to improve the quality of the code and eliminate minor bugs. More info about this will be provided on their medium handle on a later date.

Token Swap

Credits intend to have two phases for their token swap beginning with the Mainnet launch.

Phase 1: Development and Stability Test

We will also provide a partial swap option with a fixed limit amount of coins per person to allow for the development and use of decentralized applications and services, based on the Credits protocol. Exact amount of coins available for the swap will be announced when Mainnet will go live.

Token Swap Phase 2 – Public Swap

According to Credits, a full swap of tokens will occur after 2-3 months of stable Mainnet operations. This measure will be taken with a focus to maintain a high level of platform security. As such, the intentions are to carry out our bug bounty campaign and test the level of platform workflow at different layers before the beginning the common public swap.

The common public swap will be accomplished via either exchanges or via a smart contract. The token swap will be announced 1 month prior to the commencement of the swap.

Platform Test

In the second and third quarters of the year 2019, the tests for Decentralization and Capacity will be carried out after publication. Credits is coming up with programs to support the promotion of product and services that will utilize the Credits Patform. Approved projects will receive $10000 grants to build their projects on the credits platform. Other community members will receive airdrop on a future date.

Among the numerous achievable projecs at hand, the Credits team went ahead to mention that:

  • The release and update of our technical documentation
  • Adding support for Trezor and Ledger cold storage wallets and
  • Development of a wallet browser extension and an escrow wallet are a top priority going forward after the launch.

Click to read more about Credits

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Adoption News

Bitcoin Cash Support Added to HTC Flagship Smartphone, the Exodus 1

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Image: Bitcoin.com

Bitcoin Cash support has been added to the Exodus 1, the flagship smartphone of HTC as part of a new partnership between the Taiwanese smartphone consumer electronics manufacturer and Bitcoin.com

The Exodus 1 which is an Android powered mobile phone is the first native web 3.0 mobile devices with architecture that secures crypto assets. The device has an easy to use digital wallet, Zion Vault whose software interfaces with the device’s hardware security.

The wallet allows users to store and make transactions using the bitcoin cash cryptocurrency without having to be exposed to remote system penetration.

According to Bitcoin.com, the partnership will see HTC pre-loading the firm’s popular wallet app on the device. In turn, Bitcoin.com will offer for sale the Exodus 1 Flagship device and other lower device from the manufacturer on the Bitcoin.com online store. The lower priced device Exodus 1s will also feature same native bitcoin cash support which the flagship users are to enjoy.

Speaking on the partnership, Bitcoin.com CEO Stefan Rust said “There are so many synergies between Bitcoin.com and HTC. We are very excited to be on this incredible journey together.”

Roger Ver, the Executive Chairman contributed saying  “Bitcoin.com’s partnership with HTC will enable Bitcoin Cash to be used as peer to peer electronic cash for the millions of HTC smartphone users around the world.”

Based on the news reporting arm of bitcoin.com, HTC sees great promise in cryptocurrency and that is the reason why it has added support for bitcoin cash.

The Taiwanese firm’s Decentralized Chief Officer Phil Chen speaking on the importance of the partnership between both organizations said “Smartphones are everywhere and have proliferated across the planet. It’s very important for the adoption of crypto that it is easy to store and use, no matter which cryptocurrency is preferred by people. So the fact that BCH, one of the biggest cryptocurrencies, is now easy to use on our smartphone is very important for us. Together, HTC and Bitcoin.com are helping to bring crypto to the masses.”

He went further saying HTC believes in user ownership of, control of their data and cryptocurrency presents the best opportunity to start the journey into owning personal data. Understanding the fear of users owning and controlling access to their data, Phil Chen believes this will significant impact the business models and revenues of these ‘powerful firms’.

HTC believes the smartphone will be the tool which will allow users manage, access, store their digital assets.

Bitcoin.com revealed that future plans of the partnership includes offering discounts when paying for goods in BCH as well as sales of the Exodus phones on store.bitcoin.com

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Businesses Can Now Accept Ether as BitPay Add Support for Ethereum

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Largest global blockchain payment processor Bitpay has announced customers will soon be able to safely, securely and compliantly accept Ethereum for purchases without the need for any further integration.

It also revealed that wallet users will be able to store and use the second largest cryptocurrency by market cap  in their wallet and BitPay Prepaid Visa Cards holders can top up debit cards.

BitPay formerly supports Bitcoin and Bitcoin Cash and has now added Ethereum to its list of supported digital assets on its payment processing platform.

Accesses to foreign exchange in some jurisdiction is a challenge to businesses and with the advent of bitcoin, businesses can easily and effortlessly receive payments from all over the world from users with the three supported cryptocurrencies.

BitPay speaking on the achievement was quoted saying “It is exciting to see BitPay leading the way in integrating Ethereum into global payment systems,” said Vitalik Buterin, founder and creator of Ethereum. “This truly opens up a new world of possibilities for the Ethereum ecosystem, and together we can continue to be a leading innovator for real world use cases for cryptocurrencies.”

BitPay offers stable coin settlement with Circle CENTRE USDC, Gemini Dollar (GUSD), and the PAX as well as in 12 currencies and direct deposits in 37 countries.

According to BitPay, it calculates prices displayed on invoices in 150 countries and can settle in over 200 countries. It further said that, for merchants who desire to be settled by bank transfer, the transfer is initiated the next day and cryptocurrency is settled the next day.

BitPay was founded in 2011 as the pioneer bitcoin and blockchain payment with large number of merchants already using its payment processor such as Microsoft, Newegg, Dish Networks etc. It enables users to manage digital assets with the BitPay walllets and turn digital assets into dollars with the BitPay Visa Card.

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Binance Announces Additional JEX Token Airdrop for Binance.com Users

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Cryptocurrency exchange and blockchain ecosystem Binance has announced additional JEX token airdrop for users of its Binance.com platform.

Users are expected to use their Binance.com login credentials to claim the tokens. The claim is available from the 11th of September, 2019 at 6:00AM (UTC) to 18th of same month at 6:00AM (UTC).

Users are to login to the Binance JEX and upon the first time of login, they will be rewarded with a random airdrop of between 10-100 JEX tokens.

The rules for the airdrop were presented in a list by the exchange in a blog post published today 16th of September, 2019.

According to Binance, users are expected to login to Binance JEX with their Binance.com login information and the account must have trading records and a minimum balance of at least 0.01BTC before 3:59AM (UTC) on the 10th of September.

Users may only qualify for the airdrop the first time they use their Binance.com account to login to Binance JEX.

It also revealed that the quantity of JEX tokens awarded from the airdrop after logging in to Binance JEX for the first time will be seen immediately.

Binance assured users who have login to Binance JEX before the promotion was announced will still qualify for the JEX token airdrop the first time they access their Binance JEX account with their Binance.com credentials during the promo period.

Binance JEX formerly JEX is a spot and derivative crypto trading platform run by JEX Technology Co, Ltd. Binance announced the acquisition of the trading platform and added it to its growing platform businesses. JEX also offers other than derivatives, futures contracts.

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Top Cryptocurreny Exchange Latoken List Kenyan based digital currency OnyxCoin

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Image: Latoken

Kenya based cryptocurrrency OnyxCoin has been listed on global cryptocurrency exchange Latoken. The digital asset Onyx is the native token of the OnyxPay decentralized exchange and it is owned by Kwakoo Group.

The Onyx is a digital asset with its own blockchain the OnyxChain built to facilitate universal payments. Through the decentralized exchange platform, Onyx will provide scalable, secure and safe payments in any fiat currency and across broad spectrum of service and industries by converting into a stable digital fiat currency, the OnyxCash.

Launched in August 1st, 2019, It allowed users to create accounts on the fifth day post launch.

In July 22, Latoken tweeted it will be listing the Onyx token on its’ exchange. With several hundreds of trading digital assets and large user base cutting across various continent, Latoken has listed the Onyx Coin on its’ exchange platform.

Based on a comment made to local media house, BitcoinKE, a representative of Onyx was quoted speaking on the Listing process “The process is quite hectic for native tokens that are not ERC-20.

The asset is currently listed against two industry dominant trading pairs. The BTC and ETH trading pairs.

Latoken is currently listed as No. 9 of the top cryptocurrency by coinmarketcap data with a daily volume of over $700 million.

 

 

 

Latoken is a cryptocurrency exchange with native token LA offering users spot trading, instant exchange, Crypto-Fiat gateway. It also offers crypto entrepreneurs IEO crowdsale services allowing founders to raise funds from the public. The LA is currently listed on OkeX, Hitbtc and Kucoin.

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