Bytecoin introduces public testnet

Private cryptocurrency project, Bytecoin is going to release its public testnet on July 10 as 3rd and 4th quarters of 2018 promise to be the platform launch dates
19 May 2018   1245

Bytecoin along with its Bytecoin network will become available for users to test them out via the public testnet. The release is scheduled for July 10. The development team states that 'big plans' are kept for the 3rd and 4th quarters of 2018.

After the release of the stable API, it seems the progress was stalled for a bit: according to the blog post, the hard fork procedure is delayed as Bytecoin Network suffered from severe lags on May 8–10 and the dev team is trying to make the hard fork more secure and stable. With the public testnet, the Bytecoin community will be able to see the real life operation of the 'hard-forked' platform. Moreover, P2P protocol won't have to undergo any additional update process once the hard fork is complete.

It’s very important for us to know your thoughts and ideas about the new releases as that will be act as a direct bridge between the community and the development team.


Yours truly, Jenny and the Dev Team

Excerpt from Bytecoin Roadmap announcement

Regarding the market parameters of Bytecoin at the moment of publication, they are as follows:

Average price USD 0.009004
Market cap USD 1,655,663,465
Volume (24H) USD 18,687,800

South Korea to Invest $1B in Blockchain Startups

Blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution, local authorities believe
19 February 2019   93

Until 2022, Seoul authorities are investing 1.2 trillion South Korean won ($ 1.07 billion) in fintech startups working with distributed ledger technology. This is reported by CoinDesk.

Funds will be allocated for the development of new technologies through the Seoul Innovation Growth Fund, created last year by local authorities. The foundation will support startups working on various solutions, including those that are in the early stages.

In the first half of this year, the Fund will allocate 13.25 billion won ($ 11.75 million) and 8.4 billion won ($ 7.45 million) in the second half of 2019. For the Korean authorities, the blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution.

The officials also noted that the average investment per start-up at an early stage of development in South Korea is almost seven times lower than, for example, in Silicon Valley.

Last fall, Seoul authorities submitted a five-year development plan for the blockchain industry.