Bytecoin to release High Load Resistant feature

Bytecoin released an updated roadmap and revealed the High Load Resistant feature to be rolled out on July 23
01 July 2018   570

With an updated version of the project development, Bytecoin announced the High Load Resistant release scheduled for July 23. The improvement follows the release of a new stable API. It will be an integral guard mechanism, a payment queue, that is capable of maintaining high load instances on the network. With that said, the transactions that are moved from the pools in the process do not get lost. Another feature is an improved wallet cache that will aid the blockchain scanning performance.

Bytecoin is a private, decentralized cryptocurrency with open source code that allows everyone to take part in the Bytecoin network development. The project's mission is to develop a new financial system, more efficient than the existing ones, i.e. providing all the same functions at less cost for the users. Price-wise, Bytecoin (BCN) indicators at the moment of publication are as follows:

Average price 0.003005 USD
Market cap 552,627,674 USD
Volume (24H) 17,234,000 USD

Bitfinex to List BCH' Chain Split Tokens

Bitfinex warned that support for BAB and BSV could be temporary
14 November 2018   58

The Hong Kong cryptocurrency exchange Bitfinex has listed the so-called Chain Split tokens for the two implementations of the Bitcoin Cash protocol. Bitcoin Cash hardfork is planned on 15th of November.

BAB [Bitcoin ABC client] and BSV [Bitcoin SV client] tokens will be traded in pairs with Bitcoin and the US dollar. The Token Manager tool will allow users to convert their Bitcoin Cash into one of the tokens. This process is reversible, Bitfinex emphasized. At the same time, marginal trade in tokens will be unavailable.

After snapshot of the network, the corresponding coins will be automatically converted into BAB and BSV onchain tokens, and all current Bitcoin Cash holders will receive an equivalent number of coins. However, if the user has a short BCH position at the time of the snapshot, the margin will be canceled, and the borrower, if he does not have enough tokens, will have to cover the negative balance sheets until December 31.

Bitfinex also warned that support for BAB and BSV could be temporary, and that as soon as all negative balances were covered, the exchange could delist them, allowing limited time for withdrawal.