Electron Cash: problem found in Bitcoin Cash wallet

Minor problem found with Electron Cash when you first start it
02 August 2017   4130
Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

Electron Cash, new Bitcoin Cash wallet released on Monday, 31st of July, is a hardfork of popular Electrum wallet. 

As Bitcoin split really happened yesterday, the users showed an urgent need in Electron Cash. However, as the team reports in its blog, a minor problem was found:

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Thus, the problem occurs when Electrum Cash is started for the first time: the thing is that it will follow the wrong chain of the fork initially, the company details. The client is still completely usable, but it requires user action to select the Bitcoin Cash chain after first startup. 

Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

According to the report, the problem seems to be that when Electron Cash doesn't find a local blockchain_headers file (which is the case on first start), it tries downloading it via http.

We forgot to change that url so it still points to a file that contains the legacy chain headers. When that file is downloaded, ElectronCash will disconnect from the BitcoinCash chain servers because they don't match what the downloaded file says. It then switches to using legacy electrum servers and verifies the headers and now follows the legacy chain.
 

Electrum Cash team

Electrum Cash team promises this will be corrected in future versions.

How to fix it?

According to the information provided by the developers' team, right after startup (or any time, really), go to the Network Window (it's reachable from the Tools menu or the Network indicator lamp on the lower right). On the Overview Tab of that window is a server list. If a chain split is detected (which should be the case), the servers are grouped by a branch id. Select the correct branch (the one that has servers electrum-abc.criptolayer.net and electroncash.cascharia.com) by right-clicking on the correct branch id (that long number with the @ sign in it) and select "Follow This Branch" in the popup menu that opens. Vuala, Electon Cash will then follow the BitcoinCash branch of the fork.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   1025

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”