Burst to Undergo Hard Fork

The first fork of Burst coin is planned to happen around block 470 000, which will be created approximately in the middle of March
22 February 2018   3711

Burst is built with the blockchain technology, meaning that transactions are secured by military-grade cryptography. Burst is ruled by its network of users and cannot be altered by governments. Thanks to the unique Proof-of-Capacity consensus algorithm, miners are paid in burstcoins to secure the network. 

At the beginning of January 2018, Burst team has published its Roadmap for 2018, unveiling the future development plans. The adoption of 2.0.0 version of wallet is going to determine the date of deployment of the upcoming forks.

Once the network shows its support for hard forks, they will be occur according to a certain block height:

  • First hard fork: Includes dynamic block size and transaction fees, the PoC2 protocol and some of the Dymaxion code, but inactive. The fork is planned to happen around block 470 000, which will be created approximately in the middle of March
  • Second hard fork: Implementation and activation of the remaining Dymaxion code. Users should be able to play with it on the TestNet before that
  • Third hard fork: Implementation of the PoC3 protocol

At the moment of press, these are main market parameters of BURST:

Average price: $0,033750
Market cap: $60 761 649
24h volume: $951 026

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   122

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.