Do not miss the first smart token launched

For the first time in history, there is the world’s first smart token that can allow a crypto platform built with Ethereum to flourish
26 June 2017   1580

Because it is highly profitable for new types of economies to exist within a token market of growing robustness.

Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

The 22 June of 2017 marked a historic event of the cryptocurrency world – the birth of BNT, the first smart token that has eventually been activated at 2 pm GMT. This smart contract introduces new mechanisms that have never been used on the Ethereum blockchain.

Interestingly, this is the first time, an ever-liquid token has ever been developed live in the field. The ability to transfer, purchase and liquidate BNT through the smart token’s contract will be enabled gradually during 7 days following the fundraiser closing. BNT can be easily purchased by sending ETH to an address – which immediately issues BNT tokens back to the sender, updating its current price. The fundraiser will run for two weeks or as long as the hidden cap is reached. Founders and team contributors will be subject to a three-year vesting schedule.

According to the Bancor protocol, a standard for a new generation of cryptocurrencies, the price of BNT increases no matter when it is purchased and decreases in the meantime of selling. Both of these processes depend on the transaction size that maintains an exact 10% reserve ratio, which is always available and consists of its market cap. Given into consideration a security matter, funds are held via multi-sig wallets according to industry best practices.

One of the most important key features of BNT is that it does not relate to buyers and sellers in any exchange. Tens of millions of dollars have already been deposited into and removed from the BNT reserve via this smart token contract and it goes without saying that it is an absolute sensation. In addition, this novel pricing model relies on buys and sells, neither speculation nor slippage.

Judging by different markets, it is evidently true that the smart token unprecedentedly provides a price anchor across exchanges and reduces its own volatility. The post-TGE price charts of popular token sales illustrate that the rise as well as fall is smoother than anything analytics have ever seen.

The mission of BNT is to achieve the stability, which is ultimately healthier for real usage, by real people, in real communities, without any speculators and crashes. BNT has already been traded on Bittrex and Liqui and it will be issued on other exchanges this week. 

Ethereum Scaling Solution Raiden to Launch Last Testnet

As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second
20 July 2018   162

On Thursday, July 19, at the Dappcon developer conference in Berlin, the last test network of Raiden for the Ethereum blockchain was launched, CoinDesk reports.

The release includes a minimal implementation of the scaling solution, which will allow the transfer of Ethereum tokens outside of the main blockchain. This is the last test phase before the introduction of technology into the core network of Ethereum.

It's the first step towards going to the mainnet. We really want people to really test this so we have a user interface, we have an API and we've created an open Github for everything they could find, so if we go hopefully bug-free on the mainnet.
 

Lefteris Karapetsas

Core Developer, Raiden

According to him, the new release represents an early implementation for the core network and contains a new rewritten code of smart contracts and payment channels that can be restored in case of unintended closure.

Also, Karapetsas urged developers to join the test network to help detect possible bugs, adding that a bounty program will be launched to encourage this activity.

The release date for the main network has not yet been assigned, but the developers intend to follow this earlier promise and launch Raiden this summer.

Karapetsas also promised to publish regular updates and code optimizations after the full release, adding that Raiden will complement other Ethereum scaling solutions that are currently being developed.

Raiden is essentially the payment channel network for ethereum, it's supposed to help us scale token transfers. The long term goal would be to have people use Raiden from a mobile device and be able to make off-chain token transfers just from their phone. That would be the long term vision, it would probably work in combination with various scaling solutions, sharding, plasma, a sort of hybrid.
 

Lefteris Karapetsas

Core Developer, Raiden

Raiden is developing from the 2015 and is written mostly on Python. The project is much like the Lightning Network. As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second.