Connect with us

Crypto

Crypto breakdown: An Ethereum hard fork and the Fetch.ai network launches

The upcoming Istanbul hard fork will be the last stage of Ethereum network development associated with Ethereum 2.0. The activation of Istanbul’s hard fork has been postponed a couple of times. The target date of this hard fork is the afternoon of December 6th, 2019. Ethereum is easily the most dynamic invention in the blockchain era. It has been the second-largest cryptocurrency for a long time.

Published

on

This picture show some cryptocurrencies.

Over the next two months several events are going to take place at once that could seriously change the cryptocurrency market. Multiple Hard Fork updates and new decisions by Binance promise to shake up the sector and crypto investors will have a number of new dates to put in their diaries.

The Born2Invest finance news application will bring you the latest, breaking news from a trusted global network of journalists. Updated throughout the day, Born2Invest is a professionally curated digest of business and finance news summaries from the most reputable news organizations around the world.

The Istanbul hard fork in the Ethereum core network

The main Ethereum network update is approaching. The developers have planned the Istanbul hard fork on block 9 069 000. Initially, it was planned to be activated on October 16, but it was postponed to December to eliminate a number of identified shortcomings. Previously, the update was activated in the test network, which led to the division into two circuits. The success or failure of this update is sure to have an impact on the price of Ethereum.

Tidex exchange delists a number of altcoins

At the end of November, representatives of the exchange informed users about the following delistings: Bitcoin Cash, Aeternity, Status, ANRYZE, Bowhead, LIFE, Gamblica, Tracto. Users will be able to withdraw their assets until April 2020. At the moment, the daily amount of transactions at the exchange is $2.2 million, 103 different pairs are available for trading. This can affect the cost of Bitcoin Cash, Aeternity, Status, ANRYZE, Bowhead, LIFE, Gamblica, Tracto.

Binance pairs removal

Representatives of the Binance exchange reported that the following pairs will be stopped from trading: PERL/USDC, ADX/BNB, POA/BNB, GNT/BNB, ARDR/BNB. Exchange users are recommended to cancel open orders in these pairs. Binance noted that coins will not be removed from the exchange and can continue to be traded in other pairs.

Pascal plans a hard fork

In early November, the Pascal project team agreed to update the protocol to version 5. The hard fork will take place on block number 378 000. The purpose of the update is to solve the problem with the centralization of coin mining, counteracting the GPU and ASIC-mining based mining in favor of the CPU.

The dominance of ASIC mining has limited Pascal’s appeal as a primary mining currency. The team hopes that by making it easier for individuals with more limited hardware to process transactions, more miners will turn to Pascal as their main source of income.

Nebulas core network launching 

On November 18, the exchange of NAS tokens in ERC-20 format for new tokens was completed, and the launch of the main network is scheduled for December 31. The Nebulas project is being developed as a decentralized search engine. With its help, it will be possible to search and track information on any blockchain project. The startup raised $60 million for development in December 2017.

Ravencoin hard fork

In the official Ravencoin telegram channel, the project representative said that blockchain is being updated in the test network. Hard fork includes the ability to transmit messages, limited assets, and dividends. According to the developers, if the tests will be held as planned and no serious errors will be detected, the main network will be updated in the second half of December.

The previous hard fork project took place in October 2019. During the update, the developers changed the algorithm from X16R to X16RV2 to counteract ASIC-mining.

Fetch.ai network launching

In June, representatives of the Fetch.ai project announced that the launch of the main network will take place in the fourth quarter of 2019. At the end of February 2019, during IEO, the project raised $21 million on the Binance site. The aim of the project is to create a future economy for the Internet of Things, with the help of machine learning and artificial intelligence.

__

(Featured image by Thought Catalog via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in РБК, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Daphne Freeman has worked in the crowdfunding and impact investing industry for the past few years, gaining experience in marketing, and connecting businesses and entrepreneurs in need with the right investors. As a seasoned grant writer as well as financial market journalist, she is passionate about making a social impact in the world. A free spirit, Daphne also enjoys writing and exploring topics of interest, currently CBD, health and beauty, and social media influencers.