Crypto Market Recovers $7 Billion as Augur and EOS grow

During the last 24 hours the cryptocurrency market has rebounded by $7 billion, inspite the oppose with bitcoin, ethereum, and other major cryptos
17 May 2018   1322

Today, on May 17, it was declared by the Augur team that after years of extension, the smart contracts of Augur will be live on the Ethereum mainnet on July 9, 2018. The official announcement caused the market to react, making the price of REP (the native token of Augur) to rise by about 10 percent. 

Actually most effecient tokens in early May including EOS, 0x (ZRX), and WanChain (WAN), fell by large margins during the last 3 days. After that, the 10 percent gain of REP is quite noteworthy. Augur was established in 2014 by Joey Krug as a decentralized prediction platform. Krug displayed that the original Augur smart contracts on Ethereum were written before solidity, the most widely used Ethereum programming language, was invented. 

He underlined that Augur is undoubtedly the complex project on the Ethereum network and is about 10 times more complicated than MakerDAO, which he noted is the second most complex project on Ethereum. Krug affirmed that developing a resolve to decide consensus on real-world events, which Augur users can place bets on, has been as difficult as solving proof-of-stake consensus algorithm due to scalability flaws.

Solving consensus on real world events was initially a research problem, we thought some previous literature had solved it, but it turns out it really hadn’t and had severe scalability and inventive flaws the more we audited it. It’s imo about as difficult as solving PoS. Augur’s about 10x more complex than the second most complicated ethereum project, makerdao, which has about 10 contracts vs augur’s 100 [complexity isn’t a good thing, and the augur team has tried to make it as simple as possible, it’s just a really complicated endeavors.
Joey Krug
Augur Core Developer 

The 10 percent increase in the price of REP has shown the condition of the market which has been on a continuous decline since early May.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   885

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.
 

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.