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   3106

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

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   121

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.
 

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.