Bytecoin Hard Fork Info Unveiled

Bytecoin hard fork will be implemented on June 12, including a new dynamic fee system and deconstruction of the old API
20 March 2018   5038

Bytecoin is a private, decentralized cryptocurrency with open source code that is designed to allow users to take part in the Bytecoin network development. The coin is aimed at providing privacy and security for people using Bytecoin. The reliability of Bytecoin is defined by the total computational power of all the computers that take part in the processing of transactions.

As it is stated in the roadmap of Bytecoin, its hard fork will be implemented on June 12, including a new dynamic fee system and deconstruction of the old API. All users are recommended to move to the new wallet by that time.

Bytecoin roadmapBytecoin Roadmap

Previously, we have reported that the development team of Bytecoin is working hard on the project, and it has already released the public new API beta version on February 6, 2018, and the new stable API is released on March 20, 2018.

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

Average price: $0,002667
Marketcap: $490 090 356
24h volume: $2 496 430

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   108

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.