VeChain seems to be going full steam while its current development stage is focused on the launching of the VeChain Thor platform.
VeChain Thor test net was released to the public on June 14th, while it is expected to have the testing all done and wrapped up by the end of the following month, after which we will get to see the VeChain Thor platform in its full operational power.
VeChain has once again gotten into the spotlight with the latest announcement the VeChain foundation has made via their twitter, stating that they have acquired a perfect partner for VeChain Thor when it comes to making an infrastructure partner.
VeChain Announces a Crucial Partner for VeChain Thor
VeChain foundation has announced via their official Twitter account that they have just acquired a crucial partner for the infrastructure of VeChain Thor.
The announcement was made on June 20th, and on this occasion, VeChain stated that they have partnered up with Esprezzo due to their Esprezzo app.
What brought Esprezzo to VeChain was the fact that their CEO attended the Blockchain Week in New York, where he was fascinated with the dedication the team VEN has shown during the conference.
Esprezzo was presented by VeChain foundation on their official release on Medium as well, where Esprezzo was described as a provider that makes designing of decentralized applications easier and simpler for developers, while enabling enterprises, foundations and individual developers to use exquisite tools for easier blockchain based construction of decentralized applications.
Esprezzo thus has the main objective of creating middleware for blockchain based operations that front-end developers could take advantage of.
VeChain presented Esprezzo application as the first “velocity toolkit” that serves the purpose of providing the needed tools for an easy and simple creation of Dapps.
Esprezzo on VeChain Partnership
According to the CEO of Esprezzo, he decided to go forward with initiating collaboration between Esprezzo and VeChain Foundation once he attended the Blockchain Week that was held in New York.
On this occasion he stated that the VEN team is one of the most dedicated and loyal communities that he has ever gotten a chance to meet, as well as stating that he hopes that Esprezzo and VeChain will together share the enthusiasm that VEN community has as well as “bring the benefits of blockchain to everyone”.
The excitement seems to go both ways, so probably due to the recent partnerships and so far successful test net of VeChain Thor, VEN managed to pull out again, although a minor one, in the middle of the market with over 90% of the dropping assets at this point.
While VeChain Thor users will be able to take advantage of different features that Esprezzo platform is offering with this partnership, Esprezzo will have its tokens (EZPZ) where the tokens will be minted in the following weeks.
Esprezzo has pledged to have at least a single sale of EZPZ tokens organized to be sold in VET tokens, while the company also signed the agreement with VeChain foundation where they have promised to hold VET tokens, while not spending the mentioned units unless there are no other resources to be spent.
It seems that VEN foundation has made a proper choice with their “first VeChain Thor partnership” as having Esprezzo investing in VEN is the main reason while we can see VEN up at this moment even though the majority of assets started to drop in the past couple of hours.
With Esprezzo app, the users of VeChain Thor will soon be able to easily create and deploy decentralized apps thanks to the super API tools and the toolkit that Esprezzo brought to VEN with this partnership, that way creating a more functional ecosystem for developing Dapps and operating with smart contracts.
VeChain (VEN) Performance
Although acquiring only a minor boost in the now dropping market, VEN is going up by 0.30% against the dollar at this moment, while surpassing ETH by over 2% at this point.
Soon to become VET, VeChain can currently be traded at the price of 3.18$ while being ranked as the 17th-best currency.
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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
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.
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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.
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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.
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