Archive

MXC Exchange Supports Ethereum Classic’s new MESS Solution to Mitigate 51% Attacks

Singapore, Oct. 14,2020 — MXC (www.mxc.com), a leading and reputable cryptocurrency provider of spot, margin, contract, leveraged ETF, index products, contract, PoS staking, and OTC services, offers its support to the Ethereum Classic (ETC) project. Following multiple 51% attacks against the ETC network, MXC Exchange will cooperate with their team and implement the proposed upgrades to ensure a smooth operation of the network.

Ethereum Classic and 51% Attacks

Three 51% attacks were launched against the Ethereum Classic blockchain in July and August of 2020. . These 51% attacks are problematic, as they allow for potential double-spend transactions.

This attack, however, ensured that network nodes – running either Parity or OpenEthereum – were incapable of processing the reorganization as a result, these nodes become desynchronized from the ETC network, forcing the developers to come up with a solution. That solution will be fully supported by MXC Exchange, as the team wants to help ensure no further attacks against Ethereum Classic can be organized.

The Ethereum Classic team including ETC Labs, its ETC Core development team with support from OpenRelay and ChainSafe, on block 11380000, have implemented  ECIP-1100. Also known as “MESS”  (Modified Exponential Subjective Scoring), an innovative and low-risk approach to prevent 51% attacks and improving security for PoW blockchains.

MESS would prevent 51% attacks by treating large block reorgs as suspect and making them prohibitively expensive, removing all profit motive. It would force large reorgs used to launch attacks to have significantly greater difficulty and common ancestor time. For example with MESS implemented, the recent attacks in August would have needed more than 155T/H sustained over many hours in order to be successful, costing approximately $20M. The best way to secure the network  is to ensure the cost of a blockchain reorganization makes it economically unfeasible to orchestrate. After all, every 51% attack is performed out of financial incentive. Once that incentive is no longer attainable, the network can continue in peace. 

All of these precautions are necessary to ensure the network remains safe from harm. More details on the exact implementation of MESS can be found here.

As a side effect of these changes, users running an Ethereum Classic node will need to switch their software to CoreGeth. This will be the only client to support MESS. Neither Parity nor OpenEthereum have indicated support for this new proposal, but that situation may come to change in the future. 

With the help of MXC Exchange, who will upgrade its own ETC node to CoreGeth, an important first step has been taken. MXC Exchange has been at the forefront of the cryptocurrency industry and its reputable projects. 

MXC Exchange Head of Global Operations Alex states:

“We are committed to support the Ethereum Classic project and its community. As a long-standing ETC node operator, upgrading to CoreGeth is our way of expressing the importance of MESS and bringing more security to the Ethereum Classic network. We will continue to operate our node on the network and ensure operations can resume as normal.”

In doing so, MXC Exchange is the first major exchange to provide outspoken support for this crucial change affecting the Ethereum Classic ecosystem. Being at the forefront of innovation and going the extra mile for their community, MXC Exchange further solidifies its position in the overarching cryptocurrency industry. 

“MESS will enable exchanges to safely reduce confirmation times and ensure that miners will not lose block rewards; stabilizing the network and allowing it to return to growth,” said James Wo Founder and Chairman of ETC Labs.

About MXC Exchange

Established in April 2018, MXC Exchange is one of the world’s leading digital-asset trading platforms which offers users one-stop services including spot, margin, leveraged ETF, derivatives trading and staking services. The core members of the team come from world-class enterprises and financial companies, who have rich experience in blockchain and financial industries. We offer the most comprehensive marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks, and formulate their strategies to maximize gains and mitigate risks.

Image(s): Shutterstock.com

The post MXC Exchange Supports Ethereum Classic’s new MESS Solution to Mitigate 51% Attacks appeared first on NullTX.

Source: null tx

CorionX and Syscoin Join Hands to Drive Stablecoin Adoption, CorionX IEO Enters Third Round

Press Release: The Corion and Syscoin non-profit foundations have announced a partnership to address blockchain market interoperability issues and accelerate stablecoin adoption. The CorionX IEO third round started on the 5th October, 2020

 

6th October 2020, Zug, Switzerland – The non-profit Corion Foundation is pleased to announce a new partnership with the Syscoin Foundation. The foundation partnership is the result of a shared vision to make global access to swift, safe low-cost Open Finance solutions a reality. 

 

The foundations of Corion and Syscoin will coordinate campaigns to educate and spread awareness using AMAs, Webinars, Training Sessions, Seminars, Working Groups, and all other means. They will also work together on marketing and certain business development initiatives. CorionX is hosting the third and final round of its CORX DeFi token IEO which started on Probit exchange on Monday the 5th of October, 5:00am (GMT+2

 

The ETH Conundrum

Scalability and cost are two of the biggest factors that determine whether or not a new digital currency will have a chance to be adopted on a global scale. Ethereum is currently the blockchain of finance, but increasing stablecoin and DeFi transactions have exacerbated an already congested network, only equipped to process around 15 transactions per second. 

 

Such congestion has resulted in record ETH transaction fees ($15 this September) for ERC-20 token users, and by even the most optimistic claims, the phase zero groundwork of the solution promised by the ETH 2.0 Launch will not come into effect until November, 2020. With stablecoins unable to go mainstream due to Ethereum network limitations, and big questions still hanging over token scalability, it seems that interoperability is the next logical step

 

The Stable Solution

The Syscoin and Corion foundations are currently working together to provision Syscoin Bridge, a decentralized cross-chain interoperability solution that works today, to support CorionX (CORX), Corion’s ERC-20 token and other Ethereum-based Stablecoins and DeFi tokens. The Layer 2 and Cross-Chain bridge solution provides scalability and microtransactions, solving the micropayments issue and scaling-up stablecoin transactions. 

 

This Solution will provide cheaper and faster transactions enabled by Syscoin’s unique Z-DAG Protocol, and more robust security offered by Syscoin’s blockchain which is bitcoin-core-compliant and merge-mined. 

 

Jag Sidhu, Syscoin Foundation Chairman stated: 

 

“Our combined focus will include specific stablecoins, DeFi, and helping the unbanked and over-banked. Together we will drive wider adoption of blockchain technology.“

 

Syscoin and CorionX believe that with the right solutions asset-backed digital tokens on the blockchain will create more efficient and beneficial economies. Lower costs, easier compliance, greater convenience for users, and more participation. The integration between the two companies will solve problems with interoperability, and provide fast, cheap scalable transactions. 

 

A Step Towards Mass Adoption

CorionX is designed to create the global framework for education, expansion, and promotion for the usage of stablecoins, CBDCs, crypto saving, lending, OpenFinance and DeFi. 

Corion Foundation’s #MoneyInTheRightDirection Movement has already started aiding the paradigm shift towards the mass adoption of crypto, digital and programmable money.

 

Miklos Denkler, Corion Foundation Board Member, explains the great ambition of the partnership, stating: 

 

“This partnership will expand crypto and stablecoin use-cases, and help millions of people and crypto communities use CorionX and Syscoin services worldwide. It presents an amazing opportunity for both partners to empower the crypto community to make scalable transactions, experience user friendly DeFi, and to make cryptocurrency savings and investment more mainstream.” 

 

This pioneering movement includes the Corion educational organizations, crypto projects, influencers, financial providers, independent investors, and journalists who all support the mainstream adoption and education of crypto assets, stablecoins and Decentralized Finance solutions. The CorionX utility token itself even supports the everyday use of crypto, with benefits through business partnerships, white label solutions, and Token Loyalty Staking with quarterly rewards. 

CorionX IEO 

Following a successful second round, CorionX is preparing for its third IEO round for its CORX token on Probit Launchpad, The IEO token funds will be used towards the #MoneyInTheRightDirection Movement’s programs, Integrations, Staking, Savings, Benefits and CashBacks.

 

IEO Details

Token: CorionX (CORX)

Token Type: ERC-20

Round Date: 2020-10-05 05:00 (GMT+2)

Price 1 CORX = 0.015 USDT

Token Bonus: PROB: 7%, USDT, BTC, ETH: 5%

IEO total token supply: 61.5 million

Bonus Lockup: 3 months after listing

 

About Corion Foundation

Corion Foundation is a non-profit organization,founded in 2016. It was created with the aim of helping the development and spread of stablecoins and reliable cryptocurrencies across the world. 

               

About Syscoin Foundation

Founded in 2018, the Syscoin Foundation is a non-profit organization that represents the Syscoin core development team, secures the code repositories, and oversees public relations for the protocol. Its goal is to expedite the global adoption of blockchain technology by demonstrating the unique decentralization features offered by Syscoin Platform.

 

Join the 3rd round of the CorionX IEO – https://www.probit.com/en-us/ieo/corx-round1/2  Learn more about the about the Corion Foundation https://corion.io 

Follow CorionX on Facebookhttps://www.facebook.com/CorionFoundation

Find CorionX on Twitterhttps://twitter.com/CorionPlatform

Join the CorionX community on Telegramhttps://t.me/corionx

Read about CorionX on Mediumhttps://medium.com/@Corion

 

Learn more about the Syscoin-Ethereum Bridgehttps://syscoin.org/syscoin-bridge 

Find Syscoin on Twitterhttps://twitter.com/syscoin 

Join the Syscoin community on Telegram https://t.me/Syscoin_Official 

 

Media Contact Details

Contact name: Miklos Denkler

Email: info@corion.io

 

CorionX is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post CorionX and Syscoin Join Hands to Drive Stablecoin Adoption, CorionX IEO Enters Third Round appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – Massive Exposure For Bitcoin Services, Projects, and Merchants

Source: BPRB Feed

1xBit Offers Zero Transaction Fees and Faster Transaction Times with new EOS Support

Bitcoin Press Release: Leading Sportsbook and Casino 1xBit announces support for EOS cryptocurrency, as it strives to offer cheaper transactions to its users, and stay abreast of the rapidly evolving crypto betting market. 

 

7th October 2020, Limassol, Cyprus – Leading cryptocurrency sportsbook and casino 1xBit has announced its support for EOS transactions, enabling its users to take advantage of the cheaper, faster transactions offered by the cryptocurrency. All 1xBit users will now be able to deposit, and withdraw the (delegated-proof-of-stake) cryptocurrency on the betting platform. 

 

With no transaction fees, and a blockchain capable of processing over 4000 transactions per second, 1xBit believes EOS will become a welcome addition to the already broad range of digital currencies supported by its growing brand. 

 

Why EOS?

Launched by Block.one CTO Daniel Larimer in 2017, EOS is a smart contract blockchain platform, and the second biggest platform used for designing fully decentralized applications (Dapps) today. EOS utilizes a Delegated-proof-of-Stake consensus mechanism, with the prime objective of delivering the fastest, cheapest and most scalable smart contracts in the world. 

 

So how does this affect crypto gamblers and general users of the cryptocurrency? Well, when compared to the similarly designed Ethereum, EOS can execute far more transactions and does not need gas for them to be completed. So it is both a cheaper and faster alternative to the ERC-20 token. 

 

EOS vs ETH

Widely known as the biggest competitor to Ethereum, EOS may not have as many everyday users, yet, but already boasts superior smart-contract execution numbers and gas-free transactions. So how do the cryptocurrencies stack up against each other where it really matters? 

 

Scalability and cost are the two factors that the everyday user looks at when adopting a new digital currency. When it comes to scalability EOS certainly has the upper hand. ETH supports around 30 transactions per second, while EOS can execute 4,000. Ethereum co-founder italik Buterin claims ETH 2.0 will process 100,000 transactions, but the launch is currently delayed until November 2020

 

Contrastly, EOS was designed with the express purpose of offering the fastest possible transactions, using parallel transaction processing, and minimizing the block producers resulting in a faster throughput. 

 

ETH’s issue in scalability has had a domino effect in regards to payments, with the 30 per second transaction limit often causing network congestion, resulting in sky-rocketing gas fees. December 2017 saw ETH gas fees shoot up to an average of $4 per transaction

 

EOS does not use gas for transactions, however, EOS holders must proportionately share in the network bandwidth, processing power, and storage required to run the network, which requires some RAM from each user. EOS users do not pay any transaction or networking fees

 

1xBit Sportsbook and Casino

1xBit sportsbook and casino is known for not only being a pioneer for the crypto betting industry, but for the wider adoption of cryptocurrency in general, so it is no surprise that it has chosen to support EOS. 1xBit offers a comprehensive range of casino titles, a professional sportsbook, and always has new updates for games and promotions. 

 

The industry-leading betting brand has translated its site into 60 different languages, adapted it for iOS and Android, offers cutting edge mobile developed titles, and boasts a sign-up bonus of up to 7 BTC

 

1xBit allows users to make deposits and withdrawals in over 20 different cryptocurrencies, and now with the new EOS support users will be able to take advantage of the free, rapid transactions to get their winnings faster than ever, and not lose a cent. Deposit EOS and start playing today. 

 

For more information about 1xBit, please visithttps://1xbit.com/

Check out the official 1xBit blog for the latest articleshttps://1xbit.com/blog/

 

Media Contact Details

Contact name: Anastasia Semenova

Email: marketing@1x-bit.com

 

1xBit is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

 

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

The post 1xBit Offers Zero Transaction Fees and Faster Transaction Times with new EOS Support appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – Massive Exposure For Bitcoin Services, Projects, and Merchants

Source: BPRB Feed

With Round 1 Fully Sold Out, ClinTex Launches Round 2 of the CTi Token Sale

Bitcoin Press Release: With the first tier of ClinTex’s CTi token sale 100% sold-out, the second phase has now begun, with 70% bonuses available.

 

1st October 2020, London, United Kingdom: The lack of coordination, and major issues with bureaucracy are taking a heavy toll on the medical trials industry. Costing anywhere from $600,000 to upto $8 million USD per day, every single day a medicine is delayed not only leads to huge financial losses, but also affects millions of people as they are deprived of crucial, life saving drugs. 

 

And ClinTex’s solution comes at the perfect time – With the disruption of the $350bn/year medical trials market firmly in their sights via a novel solution to bring down costs, reduce friction and increase efficiency and information transfer, ClinTex has successfully completed its first round of token distribution, selling out $1m USD of tokens.

 

Tier 2 CTi Presale

Following the success of the first sale round, ClinTex have opened up the sale to participants wishing to join the action by acquiring CTi tokens. A total of 26,666,667 CTi are available in this round. ClinTex eventually plans for an IEO, but participants of Tier 2 can take advantage to back the platform’s CTi with a 40% bonus, getting their hands on each token at $0.075 per CTi. Half of all the tokens purchased in this round will be vested for a period of 2 months.

 

Proceeds from this event will be used to develop the platform and bring a change to how the current medical trial and healthcare industry is working.

 

About ClinTex

Leveraging blockchain technology, ClinTex is on a path to eliminate barriers and friction in the current medical industry that waste millions of dollars per day. ClinTex brings changes such as:

 

  • Time Saving: Normally, it takes up to 15 years for a drug to pass all trials and into the hands of patients, a time that many might not have. ClinTex’s well coordinated platform will reduce the friction that causes time delays.
  • Research Silos: Currently, the medical research industry is in disarray when it comes to communicating with each other. Two or even more firms may be spending time looking into the same medicine, leading to waste of time and resources. ClinTex’s transparency will bring in close coordination, letting one team work on an issue while the other takes up something else.
  • Cheaper Medicine: With the close coordination within the research community, development and supply chain, the patients eventually get a medicine that is cheaper, essentially saving lives.

 

The importance of a close-knit healthcare industry has never been more important. The current pandemic has exposed how weak the medical industry is when faced with a crisis that does not care for borders and race.

 

Join the presale today and take advantage of a 40% discount.

 

Visit ClinTex Website: https://www.clintex.io/ 

Join the ClinTex Telegram Community: https://t.me/ClinTexCTi 

Follow ClinTex on Twitter: https://twitter.com/ClinTexCTi 

Check out ClinTex Medium: https://medium.com/@clintexcti 

 

Media Contact Details 

Contact Name: Sean Flanagan

Contact Email: info@clintex.io

.

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

 

ClinTex is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The ClinTex token sale is closed to US participants and participants of all countries in which ICO/IEOs are illegal. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.

 

The post With Round 1 Fully Sold Out, ClinTex Launches Round 2 of the CTi Token Sale appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – Massive Exposure For Bitcoin Services, Projects, and Merchants

Source: BPRB Feed