Bitfinex listed Qtum and Aventus

One of the largest cryptocurrency exchange listed two new coins
11 October 2017   1176

One of the most popular crypto exchange Bitfinex announced the addition of two new coins: Qtum and Aventus (AVT). Cryptocurrencies are traded in pairs to USD, BTC and ETH. Also exchange plans to activate margin trading for them in nearest future.

The Qtum project is working on the same public blockchain that integrates the bitcoin transactional model with the developed Ethereum consensus system, and hopes to find its niche among application developers who, in ordinary scenarios, have difficulties with one or both systems.

Qtum uses the Unspent Transaction Output (UTXO) model, which provides transaction integrity and token tracking. At the same time, a virtual machine for smart contracts is located on top of the Qtum blockbuster, which, according to the representatives of the project, gives developers the best architecture for creating decentralized mobile applications and other blocking solutions.

At the moment of press, Qtum in on the 14th place in cryptocoins list. Average price is $12.21 with market cap over $720M. 

Qtum price chart
Qtum price chart

Technological start-up Aventus offers event organizers solutions based on blockchain technology. Previously, the Aventus Protocol Foundation attracted $ 20 million through a public token, while the campaign itself took only seven minutes. 

Aventus price chart
Aventus price chart

Aventus is on the 151st place in Coinmarketcap rate. Marketcap is almost $20M and price is $3.23. Coin gained almost 30% in last 7 days.

ZCash “Overwinter” sets the Base for Further Developments

The first hard-fork of the privacy-centric protocol Zcash will be held on June 26, 2018: the upgrade is named “Overwinter” and takes place at block 347,500
25 June 2018   292

As declared in Zcash Foundation`s post on the development, the hard fork is to strenghthen the protocol for additional upgrades to the network, for instance replay protection, versioning, a transactional expiry feature, and as yet undetermined changes.The customers will be demanded to install the upgrade after the software is carried out.

The protocol assists for seamless network updates in the future, such as the much-awaited Sapling protocol designed to raise network scalability and speed. Zcash claims the forthcoming update is well-gained by significant third parties like Binance, Gemini and BitFinex, who will “substantially support” Overwinter.  The foundation is also continually reviewing the list of third parties as the entities confirm their involvement.

Theoretically, the network risks a blockchain split if any members of the community disregard the need to update the system and keep on with the old versions of Zcash. While Overwinter is low on features, it is important to the broader network strategy as further capabilities depend on the Overwinter update. 

It`s worth to note that the friction is already happening in some places. On June 20, 2018, D. Jane Mercer, the developer of the ZCash Windows wallet, WinZEC, threatened to stop all coding activities as the network the Zcash Foundation failed to fund his work. The community members nevertheless promptly donated funds to his wallet address.

For miners running Zcash nodes, the official software has been updated to automatically update to the latest software after block 347,500 is mined. However, if automatic updates are disabled, miners stand to can miss the new code. Zcash Foundation asks the users to abstain from using their wallets at least an hour before the scheduled update.