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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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