Bitcoin Cash to change the address

New address format was proposed by Amory Sechet from Bitcoin ABC in October 2017
22 December 2017   891

The ecosystem of Bitcoin Cash (BCH) is being prepared for the "Address Change Day", which is scheduled for January 14 next year. This is written by Bitcoin.com.

The Bitcoin Cash network and companies supporting this crypto currency will switch to the new Cashaddr address format, based on the Bech32 code base. It was proposed by the Bitcoin ABC developer Amory Sechet in October this year and, in particular, is designed to prevent Bitcoin Cash from sending to bitcoin address.

Also, the new format will provide the possibility of implementing a number of improvements and new functions in the protocol. For example, Cashaddr will create conditions in the future for the implementation of the concept of evidence with zero disclosure (Zero-Knowledge Proof) in the Bitcoin Cash network. In addition, new addresses will create conditions for implementing improved checksums and QR encoding.

In order to reduce confusion for users with the use of different addresses, I think it is important to deploy this shortly and stop the fragmentation of the ecosystem. Deploying such a change on the network will take some time for all the wallets, exchanges and merchants to upgrade. We will support Bech32 for bitcoin cash on January 14th. We’ll provide a simple converter as well so users can convert the deposit address to the current format — Withdrawals will work to both formats.

Amory Sechet

Developer, Bitcoin ABC

The developers of the Blockchair blockchain, the Openbazaar project, Stash, Edge and Electron Cash wallets have already started preparing for the transition to the new address format. Also on the support of Cashaddr reported P2P-platform BTCpop.

Real Time Rates for 6 Cryptos launched by Thomson Reuters

Thomson Reuters is running a cryptocurrency real-time rates: the new service is expected to provide “reliable, real-time information” for 6 crypto coins
15 May 2018   179

The stated goal is to provide efficiency and clarity for investors within the world trading field. The new Cryptocurrency Real Time Rates are already available over a customized API interface on Thomson Reuters Eikon platform. The app is displaying a trading data from different crypto exchanges including Bitflyer and Bitpoint. Reuters affirms that more trading platforms would be added in the future. 

The announcement comes after a recent Thomson Reuters survey stated that crypto trading by financial firms is likely grow this year. Over 20% of 400 finance firms taking part in the study are deciding about the entering trading crypto assets within 1  year. That means that one in every five of the undisclosed businesses plans to set direct contact with cryptocurrencies in 2018.

Pricing data for the real-time rates will be stated for six cryptocurrencies, which were not mentioned in the report. The start of the service could reveal that Reuters is thinking about the entering the digital asset class on ‎its own market platforms. In December of 2017, the mass media added bitcoin cash (BCH) to Eikon. BCH became only the third cryptocurrency to list on the platform after bitcoin core (BTC) and ethereum. ‎

The latest release follows the announcement from CME Group which is running a daily price benchmark for ‎Ethereum, according to Financial Magnets. The service will be given in partnership with the platform Crypto Facilities.‎ Earlier this year, Thomson Reuters Corp. declared about the launch of a new version of the Marketpsych Indices sentiment data feed, which uses analysis of bitcoin market sentiment.