Blockchain Compatibility set by Axoni and Clearmatics

Two of the most prominent blockchain startups, Clearmatics and Axoni are joining in order to solve the serious problem of interoperability
17 May 2018   135

This week Clearmatics and Axoni, at Consensus 2018, presented how a financial fluxion can be issued with the help of a smart contract, launch a payment and then activate a cross-chain atomic cost transfer between two certain networks. This meant  the first time a fluxion deal has been come on one enterprise blockchain and stated  on another. This development stage is important because interoperability is now emerging as a major design aim for distributed ledger technology (DLT).

Facilitating end-to-end processing from point of trade to settlement, we need to make the assumption that that process is going travel through multiple systems, rather than a single monolithic settlement system, distributed or otherwise.
Robert Sams,
CEO, Clearmatics

The collaboration is significant also because of the clout of the players involved. Axoni, located in New York, is dealing with a wide range of significant financial institutions and infrastructure providers to promote trillions of notional value in U.S. dollars onto blockchain tech across a variety of asset classes.

Also, its partner in the presentation, Clearmatics of London, is cooperating with a consortium of banks and financial institutions to construct digital fiat that is completely  provided by cash at the corresponding central bank and transferable on a distributed ledger. 

If we can collaborate appropriately and facilitate linkage between those networks, what you end up with is a highly automated, highly transparent process all the way from trade agreement through to settlement finality. 
Greg Schvey
CEO, Axoni

Axoni has also been making great efforts in the derivatives space and other areas of post-trade processes, while Clearmatics is concentrated on the regulative sphere of the activity, so the teaming was an obvious fit (both are building technology based on ethereum-derived architecture).

PascalCoin to activate V3 Hard fork

PascalCoin V3 Hard fork will be activated on block 210,000 on May 31 and feature anonymity via transaction mixing and inflation reduction
26 May 2018   39

PascalCoin is preparing for V3 Hard fork scheduled for May 31. It will introduce key improvements as such:

  • anonymity transaction mixing;
  • 50% inflation reduction;
  • Lazarus/FPC gets 10% of funding

To get more into the details:

PascalCoin transactions occur between publicly visible accounts and the crucial aspect needs to be implemented - fungibility. The improvement will allow users to perform 'client-server mixing', 'network-protocol mixing', 'chaining multi-transactions', 'decentralized exchanging' and 'monetized-API mixing'.

As for Lazarus/FPC (a base tooling from which PascalCoin is founded on), a total of 10% of the Developer Rewards is recommended to be allocated for the FOSS project funding. In a long run, a large developer mind-share is expected to reduce costs significantly.

To learn more about the details of the fork, you can visit Improvement Proposal page here. And regarding the market characteristics of PascalCoin, at the moment of publication they are as follows:

Average price 0.765895 USD
Market cap 15,978,408 USD
Volume (24H) 89,861 USD