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The Recent Developments of Aeternity (AE)

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Aeternity (AE) that sports a “blockchain 3.0” platform had recently revealed their intention to launch aeternity Starfleet. It is a series of incubator and accelerator programs that will support the blockchain system in whole. The process also involves building a chain of investors, innovators and industry enthusiasts. Yanislov Mahalov, the founder of Aeternity (AE) had commented that the launch is “the culmination of months of extensive research and preparation and underlines our commitment to be the enablers of innovation, strengthening the already thriving blockchain community worldwide.” He went on to say that the incubator programs will speed up the adoption of blockchain technology worldwide.

Aeternity Starfleet will work collaboratively with Software University (SoftUni), an organization located in Sofia, Bulgaria. SoftUni works diligently on software development education as well as networking. According to Hristo Tenchev, the founder of Software University, it is perfect time to implement the blockchain-focused incubator program in the current ecosystem. From the initial stage itself, Aeternity Starfleet will support global projects by investing up to $250,000 and will give access to Starfleet co-working spaces. The first Starfleet program is expected to start from 11th June 2018 and the training process will continue for four weeks. After the program completes, each team will be presented with the opportunity to talk about their ideas and plans in front of an audience of investors, blockchain experts and thought leaders.

Upcoming Mainnet Launch

The team of developers of Aeternity has decided to implement Bitcoin-NG for the composition of the aeternity protocol. The decision was taken on the relevance of on-chain scalability in terms of user experience within aepps. Lots of research work went into studying the technical whitepaper of Bitcoin-NG before the team had started to change the consensus mechanism of the Aeternity platform. Now, the Aeternity team is in the process of contacting several companies, blockchain professionals, and universities such that they can progress with the auditing process of their protocol. The mainnet will be ready for release once the tests have been performed and the audit process is over.

Messages aepp Utility widget

The developer’s team is focused at the moment on porting the apps to the Aeternity blockchain. Meanwhile, they have also incorporated a Utility widget in the Messages aepp. This will ease the way of accessing functionalities of other aepps. The user will be able to access the utility button on the right side of their input box. This button will open up other functionality options from other aepps to the users. They can extract information by clicking on one of the options and thus complete a task from another aepp. For instance, the Transfer aepp allows the user to send tokens to the person they were conversing with. The user does not need to find out the person in the address book or enter their address. The summary of the transaction is sent to the chat window and the user can check its status by simply referring to this part of the chat.

State Channels

From the blog of Aeternity, “Two or more parties open a state channel. Each party enters the channel with a balance written onto the blockchain. The parties transact in the state channel. Their account balances are written onto the blockchain again at the closing of the channel and possibly periodically throughout making use of the channel. Every transaction has to be signed by all parties that are part of the channel.” The benefits of conducting transactions through the state channel are that they are completed almost instantly and there is no transaction charge. State channels are also essential in risk management.

A New Member

Alexander Kahl has recently joined the aeternity dev tools team. He comes with an extensive experience in different technologies and programming methodologies. Before joining the aeternity team as a developer, he had worked with LShift, Nokia, and iconmobile. Here, Alexander Kahl will work on the JavaScript SDK that will help the developers with little experience in blockchain to create strong blockchain-based applications.

Price Analysis

As observed from the historical data displayed on coinmarketcap.com, in the month of May, Aeternity (AE) seems to have observed the usual fluctuations of the cryptocurrency market. No massive drop or rise can be seen from the data. Currently, the crypto coin is ranked at 28th position at coinmarketcap.com. At the time of writing, the price shows approximately $3.23 USD (-2.24%) while the market cap is nearly $752,294,943 USD. The volume (24h) is above $10,504,000 USD. With the launch of the Starfleet incubator and the incoming mainnet launch, one can expect that Aeternity will experience many more partnerships with influential companies, blockchain enthusiasts. This will most likely, in turn, take Aeternity (AE) to higher positions. Their unique way of dealing with scaling issue of smart contracts is another point of advantage.

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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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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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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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