ABRA announces support for 20 cryptocurrencies in their app

ABRA mobile application plans to add support for 20 different cryptocurrencies to trade with and stablecoin technology to protect against market volatilit
16 March 2018   1313

Cryptocurrencies become increasingly popular with masses and service providers of all sorts can't ignore this fact if they want to stay on top of the happenings. So, ABRA, a mobile platform which allows users to fund their accounts as of now with BTC and several modes of fiat transfers, such as bank wire and ACH transfers, made an announcement that in the next few weeks they will add a support for 20 different cryptocurrencies.

Already they have implemented the ability to swap between 50 fiat currencies and added support for 13 of the 20 planned digital currencies. The list of freshly available currencies includes Bitcoin Cash. Litecoin, Etherium Classic, Ripple, Dash, Zcash, Dogecoin, Vertcoin to list only a few.

Also among the killer features of the app is the so-called stablecoin technology. It allows users to stop worrying about the volatility of the market by allowing them to swap their digital holdings to 50 different fiat currencies. The technology relies on creating synthetic digital assets based on Bitcoin and Litecoin by utilizing a multi-sig smart contract.

The main focus of the app is to provide an environment for hassle-free cryptocurrency investments with no need for extensive KYC checks, requiring only the mobile number. As the company points out, the purchased assets are held directly on the user's phone and are accessible at any time.

The effort to bring together multiple cryptocurrencies on one platform allows users to expand their portfolios and to diversify their holdings in one wallet, without managing multiple accounts on several platforms.

Bitmain to Announce New ASIC Chip

BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH
18 February 2019   92

This Monday, the Chinese mining company Bitmain announced the next-generation 7-nm chip codenamed BM1397, which, according to it surpasses its predecessors in performance and energy efficiency and is suitable for mining cryptocurrencies on the SHA256 algorithm, including Bitcoin and Bitcoin Cash.

The BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH, which is “higher by 28.6% than the previous 7-nm chip from Bitmain”, codenamed BM1391.

BM1397 is manufactured using TSMC, a Taiwan-based semiconductor product company, which is one of the leading suppliers in the cryptocurrency mining industry.

The BM1397 chip will be installed in the new ASIC miners of the Antminer S17 and Antminer T17 models, the release of which Bitmain promises to announce later. The company does not provide other details of the updated devices in its message.