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   4078

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

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   53

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.
 

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.