Blogs
Dogecoin (DOGE) Releases An Alpha 3 Update On its Source Code Targeting Service Providers
Dogecoin (DOGE), also known as a parody coin, has recently released an alpha upgrade to its source code that will allow merchants and exchanges implement tests for the testnet environment as a way of performing small live money tests on the Dogecoin network. This development is set to prepare exchanges for an improved integration of Dogecoin into their protocols when the beta version comes out.
The announcement came about this week on Dogecoin’s tweeter account and will set a new path for doge coin’s Blockchain development especially given that the coin has been staying dormant for years since its creation.
Why Dogecoin has been under the radar of crypto enthusiasts
Frankly, Dogecoin was never intended to be like any of the other cryptocurrencies. Created by a programmer from Portland in a weekend Dogecoin was meant to be a silly cryptocurrency that resembled the ultimate coin for the cryptocurrency hobbyist.
The initial stages of the coin involved back and forth transactions on Reddit as the community that discovered the cryptocurrency enjoyed the fun of simply sending and receiving cryptocurrency. At the time the coin was nearly worthless even though the community grew unexpectedly over the years.
When Dogecoin finally hit a market capitalization of about $2 billion, it attracted millions of eyeballs such that the early team of developers decided to embark on the project. According to CoinMarketCap, Dogecoin is currently ranked among the top 50 cryptocurrencies and has a market capitalization of over half a billion. Just recently, word around the cryptocurrency and Blockchain space indicated that the core developers of the project had planned to fork Ethereum’s Blockchain. Although the rumors were dismissed by the Dogecoin team, plans were however unveiled to develop a Dogecoin Ethereum Bridge.
What the Dogecoin Ethereum Bridge is all About
Essentially, the Doge Ethereum Bridge is not to be confused with a fork on Ethereum’s Blockchain. The doge Ethereum Bridge is simply an update that establishes a back and forth link between Dogecoin and an eDoge ERC20 token developed on Ethereum’s Blockchain. This upgrade is set to allow Dogecoin to take advantages of Ethereum’s smart contracts. With this update, Dogecoin will have better security, efficient mine ability and immutability that combines the best of a blocked cryptocurrency and an Ethereum token.
In addition to the Dogecoin Ethereum Bridge, the Dogecoin core development team has been at work on a whitepaper and remains to be one of the most active teams of developers backed by a community of over 150,000 members if the Reddit community is anything to go by.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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