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

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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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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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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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crypto credit cards
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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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