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   834

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

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   122

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.