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VeChain Thor (VET) to Conduct the Beta Public Test: Main Net Launch Following

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VeChain

While slowly observing VeChain (VEN) being transformed into VeChain Thor (VET), Coin Market Cap still recognizes this digital asset as VeChain (VEN), prior to waiting for the full transition of the asset from VEN to VET upon launching the main net. Before the initial launch, VeChain will be conducting the Beta Public Test after successfully testing two previous versions, Alpha 1.0 and Alpha 2.0. This is, needless to say, very exciting for the chosen public testers and VET likewise, as this is the last step that needs to be completed before moving onto the final stage of the Beta Public Testing – releasing the official VeChain Thor Main Net.

VeChain Takes on the Beta Public Test

Back in May, specifically on May 1st, the team behind VeChain has announced a plan revolving around the testing of main net versions that were to be released for the public testers.

On this occasion, one of the team representatives has published the schedule of public tests, describing how the entire experience should look like while explaining the role of public testers along the way.

The team has been working on the main net development starting in 2017, and finished all preparations in April of 2018, while the team went on with releasing the Alpha version 1.0 in mid-April while finishing the testing of the first version by mid-May.

Since May to early June, the team has been working on conducting the tests with the second version of the system called Alpha 2.0, which led to the public testing of the Beta version that was scheduled for early June back at the beginning of May when the team announced their plans prior to the launching of the new VeChain Thor main net.

The Beta Public Testing should start today as previously scheduled for June 14th, which means that the beta testers will be testing the Beta version until the end of June with an open source code.

That means that once the Beta Public Testing is successfully conducted, which should be completed by the end of the following month, we can expect to see VeChain Thor being officially launched, which would include the full transformation of VeChain VEN to VeChain Thor VET.

The Participants of the VeChain Beta Public Testing

Prior to releasing Alpha version 1.0 to the public, the team behind VeChain has been conducting their own tests that were being performed internally and away from the eyes of the public.

Afterward, the team made Alpha 1.0 available for testing as of mid-April. In order to make sure that the testers will be able to conduct the initial testing with a success, the team has announced that they will be recruiting 1oo public testers prior to releasing g the test versions.

It has been stated on this matter that the application for becoming a public tester for Beta Public Testing and Alpha Public testing will be open till the beginning of June, which means that all 100 public testers have already been recruited.

The public testing of the Beta version should begin today on June 14th and should last until the end of the following month, when we can expect to see the result of hard work made by the team VEN, soon to become VET.

The testers are required to own skills and knowledge in cyber technology, cyber technology, software security, and software applications for enterprises, software development, security and smart contract testing as VEN team stated that they are interested in working with individuals that are highly skilled and can respond to the requirements of Beta Public Testing.

With the Beta Public Testing, the public will be able to test the new wallets along with testing the chain. This is at the same time the first time that the open code will become available for the public.

In case the tests show the need of improvements prior to launching the main net, VeChain Thor claims that the launching may be postponed until the potentially present issues are resolved, but for now, everything seems to be going smoothly.

VeChain Thor is aiming at being able to support thousands of transactions being simultaneously processed within a matter of seconds, so the Beta testing aims to confirm that this would be made possible on the future VeChain Thor main net.

VeChain Performance

While still known as VeChain (VEN), the 17th-best currency on the global coin ranking list is going up today with the latest change in the market.

After acquiring a rise of 2.36% against the dollar, VEN came closer to the value of 3$, as VEN can be currently traded at the price of 2.91$ per one unit, while additionally rising against BTC and ETH.

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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.

NFTs are already being actively traded in markets globally. For…

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Altcoins

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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Altcoins

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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