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The Recent Developments of Aeternity (AE)

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Aeternity

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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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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 trading…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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 been…

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