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Ripple gives multi-million dollar bursary to a research organization

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Berkely Haas, a growing business school under the University of California, has been awarded a multi-million-dollar grant from Ripple’s University of Blockchain Research initiative in a bid to foster a blockchain research program.

It is worth noting that Ripple is a growing company in the emerging blockchain industry and it is also a mega cross-border settling company of new age. The research program has been aimed to support research, courses, and student activities in the blockchain industry, cryptocurrency, and digital payments.

Furthermore, Haas business school is a beneficiary of Ripple’s grant, and it now pleads for different bids from individuals with eligible innovations in the school.

A letter issued by the Institute for Business and Social Impact (IBSI) gave vital information concerning the bid and what the grant will offer when it comes to research and student activities in the blockchain industry.

The letter also indicated that critical courses such as Engineering, Law, and others in the school would be included during the research. Additionally, the grant offered by Ripple will be used to fund the faculty, research processes, and other related events on the Berkley-Hass campus.

Subsequently, the IBSI aims to give grants to academic activities which include, Blockchain and distribution systems, cryptocurrency and digital payments, and cryptography. Also, it relates to the aforementioned topics related subject areas such as blockchain for economic development and global financial inclusion will be considered too.

The letter also indicated that funding is available for the faculty to back their research, teaching, curriculum, development, case studies, cross-developmental collaboration, thought leadership, and other research activities in the mentioned subject areas.

Additionally, the letter stated that the institute would support graduate research program for $5,000 maximum and undergraduate research program for $3,000 maximum. Faculty research will be given $15,000 maximum.

The various research pitches are to be based on Ripple blockchain about smart contracts, regulatory issues and the technicalities of XRP’s ledger.

It was also stated that under exceptional circumstances, IBSI would fund research beyond the maximum levels stated and that if there be any need for additional funding, then the amount needed should be indicated. It is also essential to note that the funding projects will commence between Jan 1 and June 30, 2019; student research projects must be completed within a year after the commencement date.

Ripple’s XRP Current Market Overview

Ripple’s XRP is one of the top digital assets so far in the market today. It’s not just another virtual currency, company’s blockchain helps banks to connect to another payment providers via RippleNet to provide a frictionless experience when sending and receiving money.

That said, its token, XRP, seems to be staying strong in the crypto space despite everyone else having a nosedive. At the time of writing, XRP is trading at $0.495 and is in the red by 3% (Bitcoin is down by more than 9%, and Ethereum is in red by more than 12% in the last 24 hours).

In the past one week (from Nov 10 to Nov 17), the cryptocurrency made 0.77% profit. Its 24-hour high is $0.50 but has a low of $0.47. The digital asset now occupies the second position with $19.5 billion market cap, thus, surpassing Ethereum by $4 Billion.

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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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Can Sharding Fix the Limitations of Blockchain or is the Network Doomed?

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Performance and scalability issues have bottlenecked the future development and real-life application of popular mainchains, such as Bitcoin and Ethereum. Many methods have been employed to solve this problem, but all of them have their own pros and cons.

The Impossible Trinity – safety, decentralization and scalability, coined by the blockchain world, bars the way to the future and the industry has fought hard to figure out an optimized solution. Sharding, proposed by Ethereum, has been viewed as one such candidate.

What is sharding?

Sharding technology splits a network into smaller partitions called shards, which contain an independent state and transaction history. The idea behind this is to divide a huge amount of workload into smaller pieces to make life easier for every participating node.

If sharding were to be adopted, each node will only need to keep a part of the network’s information, instead of downloading the whole ledger, which can lead to a large data file. Subsets of nodes grouped into one shard will only process transactions specific to that shard. By doing this, the network will be able to process many transactions in parallel, and the performance will continue to increase with more nodes joining in, thus making the network highly scalable.

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Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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