YGGDRASH is a public blockchain platform. Accordingly, it provides services such as Dapp (Decentralized Application) and DAO (Decentralized Autonomous Organization). These services are for any individual, industry, or corporation. Unlike others, it is performing as a one-of-a-kind cryptocurrency.
Launching the main network YGGDDRASH
The YGGDRASH project began with a vision to “Digitize everything into reality”. You can apply it to create and connect any assets such as cryptocurrency, real estate, and brokerage services. YGGDDRASH is a Korean blockchain project, which raised $40 million in May 2018.
The goal of the startup is to improve the scalability of existing blockchains using sideline technology. At ICO, YEED tokens will be on sale for $0.00760. At the end of October, they were at $0.000491. The total price for this offer is $10 billion. This could affect the cost of YEED.
Launching the TomoChain test network
TomoChain is an innovative solution to the scalability problem of the Ethereum blockchain. Also, other current blockchain platforms. TomoChain relies on a system of 150 Masternodes with Proof of Stake Voting (POSV) consensus. That can support low transaction fees and 2-second transaction confirmation times.
Security, stability and chain finality has a guarantee via novel techniques. Such as double validation, staking via smart-contracts and true randomization processes. The aim of the project is to solve problems with the scalability of Ethereum. Also the possibility of creating tokens and decentralized applications. The representatives of the project reported the imminent launch of the test network.
This was via the official Twitter-account on October 22. In March 2018, the ICO project attracted the planned $8.5 million at a price of $0.25 per token. As of the end of October, the TOMO exchange rate amounted to $0.37. They issued 100 million coins in total. This could affect the TOMO price.
Launching the Kava core network
Kava is a platform for decentralized financing. Its users can take secured loans in cryptocurrency. At the end of October, the project took place on the Binance Exchange in the form of a lottery. Among the winners, 6,521,739 KAVA worth $3 million on distribution. The total offer of KAVA is 100 million. The price at the end of October is $0.86. This could affect the Kava course.
Launching cross-chain Tron
Tron is a blockchain-based platform that aims to build a free, global digital content entertainment system with storage technology. It allows easy and cost-effective sharing of digital content. Singapore based non-profit organization called the Tron Foundation found the Tron in September 2017.
Its head is CEO Justin Sun has a dedicated in-house development team. It includes renowned technology stalwarts. On September 28, TRON founder Justin Sun announced the integration of cross-chain into his project. Cross-chain is a technology that allows transactions between third party blockchains. Among the advantages of his project Justin Sun named.
The use of the pBFT consensus algorithm (practical Byzantine tolerance to errors), fast confirmation of transactions, SPV (Simplified Payment Verification). They are a simplified verification of payments. This could affect the cost of Tron.
(Featured image by Roman Kraft)
First published in RBC, 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.
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