Bitcoin Cash Protocol Update Released

The release of Bitcoin ABC 0.16.2 includes a number of improvements to the bitcoin cash protocol
03 January 2018   2582

The new version of Bitcoin ABC was released today, bringing closer the bitcoin cash community to have their own address format. The full node implementation of BCH includes a switch to a proprietary address format to distinguish it from bitcoin core.

It is expected that the change of address, which is scheduled to take place on January 14, will eliminate issues of BCH being sent to Segwit BTC addresses in error and help further distinguish bitcoin cash from the rest of the cryptocurrency market.

The release of Bitcoin ABC 0.16.2 includes a number of improvements to the bitcoin cash protocol, but the most notable is the addition of Cashaddr. It also utilizes the bech32 codebase and will apply benefits over and above a less confusing wallet address format. For instance, the new address system will make it easier to create QR codes and will pave the way for multi-party smart contracts to be added further down the line.

Rakuten to Allow to Convert Loyalty Points to Crypto

Rakuten Super Points can be exchanged for three cryptocurrencies: Bitcoin, Ethereum and Bitcoin Cash, but customers must have Rakuten Wallet
24 December 2019   353

The trading platform of the Japanese financial services giant Rakuten Wallet will allow Rakuten Group customers to convert loyalty points into digital assets.

According to the company this Tuesday, Rakuten Super Points can be exchanged for three cryptocurrencies: Bitcoin, Ethereum and Bitcoin Cash. Previously, customers will have to register an account with Rakuten Wallet. The minimum amount for an exchange is 100 points. During such operations, the rate of one “super point” will be set at the level of one yen ($ 0.0091).

Through the launch of the new service, Rakuten Wallet hopes to reduce the barriers of entry to crypto asset trading by providing an easy and more accessible way for new users to start, including novice users who are interested in crypto asset trading with no prior experience. The service also increases the range of uses for Rakuten Super Points across the Rakuten Group’s ecosystem of services, making the Rakuten loyalty membership program even more attractive and convenient.

 

Rakuten Wallet

Restrictions on the amount of one transaction apply, as well as the amount of points available for conversion per month - up to 500,000 ($ 4,570). Initially, the service will be available only to users of the Android application, but next month its support will be implemented in the iOS application.

The public launch of Rakuten Wallet took place this August. The exchange is one of the few regulated entities for cryptocurrency trading in Japan.