Civic to Boost Ride Sharing Industry

Civic announced its partnership with a wheel sharing startup Helbiz to provide verified identity service in the ride sharing industry
06 February 2018   348

Civic is a cryptocurrency which aims to give businesses and individuals the tools to control and protect identities. On February 6 Civic has announced its partnership with Helbiz, which is a peer-to-peer marketplace that has a purpose to make renting a car, motorcycle or bicycle convenient, affordable, instant and rewarding.

The partnership was made in order to ensure that the vehicle owner and customer reputation will be protected by Civic’s technology for identity and verification, as Civic should enable verified profiles in the Helbiz network for onboarding customers.

Verification is a crucial part of the Helbiz business model and we will use Civic to ensure customer identity verification, security and privacy as we launch the Helbiz Mobility Platform.

Salvatore Palella

Founder, Helbiz

In the wake of general decrease of the cryptocurrency market, Civic is also falling in price, for instance, it fell from $0,37 to $0,24 within past 24 hours. The market capitalization of the coin also lowered from $127 to $82 million during the same amount of time.

Civic ChartsCivic Charts

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

Average price: $0,259764
Marketcap: $89 021 114
24h volume: $5 672 760

Electroneum to update its blockchain

Electroneum announced that new code will be released on May 30 as its blockchain reaches Block 307500
26 April 2018   50

Electroneum announced its fork is scheduled to take place at block 307500 on May 30. The fork is special as it will not result in two currencies: this is achieved by allowing all the exchanges and pools to update their software in advance. The update covers the following aspects

  • anti-ASIC code:

the implementation of such code will ensure security against any network attack

  • increase of transfer fee:

to ensure Electroneum blockchain withstands blockchain flooding, base fee will be increased to 0.1 ETN

  • block size increase before penalty:

the increase will allow miners to scale the blocks faster and get more transactions into a block

  • disabling of RingCT and Mixin:

disabling some privacy features with letting wallets remain private will get a less wait to fit a transaction into a block and a leaner blockchain size

  • 3 days mempool life:

it will ensure a reduction of the possibility of the returned transactions

Readers will be able to find the rest of the remaining details of the update here. As for the market indicators for Electroneum, here is what they look like at the moment of publication:

  • Average price   $0.024453
  • Market cap         $166,770,279
  • Volume (24H)    $1,234,100