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Nano News: New Update Strengthens The Network

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The latest Nano news is a new update — v16.1 from Nano’s development team. At the same time, Nano community projects seem to thrive on this cryptocurrency’s network.

Nano News: v16.1 update arrives

Recently, a number of NANO users have noticed syncing problems on the network, especially those who were using v16.0. As a response, the team behind the coin started working on a new update that will fix the issue. Developers worked around the clock, and the version called 16.1 has finally been released.

In the meanwhile, many of the users decided to revert back to the previous version v15.2. This version has shown more stability and practicality, which has made it a user favorite.

At the moment v16.1 is in the final stage of debugging and testing. As such, individuals testing it are still reporting an occasional bug, while developers continue their work to remove even the slightest reported issue.

The development of Nano community projects

Another big development concerning Nano news includes significant progress when it comes to numerous community projects. Thanks to these efforts, NANO recently managed to release two new wallets for mobile use — Nanollet and Natrium. Nanollet was created by a user going by the name of Inkeliz. It is the first completely decentralized Nano wallet that does not depend on a centralized server.

As for Natrium, it was released by the team at Banano. This is an Android wallet, and it is currently still in its beta version.

There are also new additions to nanocrawler.cc, which now also has a localization feature, which allows users to easily access and use block explorer, regardless of their location. The development of these and other projects continue, and with each new release, Nano is getting stronger, bigger, and gains more exposure and awareness.

Lastly, recent Nano news also includes reports of users who have struggled with an expired TestFlight build. It would seem that the update from App Store has yet to arrive, which is why these users became unable to access their wallets. The development team recognized the issue and is currently working on a small update that will fix it. In the meantime, the affected users should immediately make a copy of their seed, and store it in a safe place. This is necessary because they will have to copy their seed after the new update arrives.

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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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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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