ADAMANT Presents Parameters Storage in Blockchain and New Transaction Type

The world has a great possibility to strengthen privacy, using brand new blockchain based technology, ADAMANT Messenger. It is time to say some words about project’s progress!
10 April 2018   596

The technologies used in messengers have been being developed for a long time, and the creation of a similar product is an ordinary thing now. However, when the time comes for a paradigm shift, every small improvement requires research, design, development, testing — this is just about ADAMANT.

Just a few days ago ADAMANT team implemented a mechanism for storing contact data (KVS) in blockchain and the new transaction type. KVS (key-value store) is a way to store information. For each key (for example, the contact name U324242353425354) a certain value can be stored ("John", for example).

The process of storing contact information in case of common client-server technology is simple and clear. ADAMANT is built on blockchain unlike classic messengers, and each operation requires the generation of a transaction on the client side, the transfer of the signed transaction to a node and the distribution to other nodes with agreement and consensus.

KVS is currently used to store the address book, user settings and anti-spam, but the real scope of application is bigger. KVS transactions are stored in the blockchain along with transactions of other types and are only available to their owners since transaction's content is encrypted with a private key. ADAMANT provides incremental data storage so the client application only transmits the address book changes, not the entire address book. This is very important for blockchain data storage.

ADAMANT MessengerADAMANT Messenger

Soon ADAMANT users will finally be able to save contact names (the address book) and settings, including anti-spam settings.

The ADAMANT team also made a great development progress over the past weeks:

  • Many iOS version updates released
  • PWA (and Android) version of the messenger have also received many improvements as well as many interface localizations
  • The implemented console interface allows you to participate in ADAMANT network forging. The user instruction for forging is planned to be released in April 2018

Talking about ADAMANT’s infrastructure, the ADM token is used as the internal currency and transaction fee in the blockchain. If you share Messenger’s concept and want to support the Team, you are welcome to buy some tokens in the ongoing ICO.

You can get more information about the project on ADAMANT official website and test the messenger yourself. The project’s white paper contains all the detailed information.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   145

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.