Gulden to release Proof-of-Word-and-Witness algorithm

PoW^2 along with SegSig and Sonic are to be released on June 28 by Gulden to improve network security and transaction speed
26 June 2018   430

Gulden is ready to launch its improved PoW^2 algorithm on June 28. It is claimed to greatly increase the Gulden blockchain security and allows to earn Gulden by participating as Witness. Along with the algorithm, a Segregated Signature concept is also implemented along. The concept is going to improve space consumption on the blockchain of the most transaction types.

Last but not least - Sonic, will allow new users to use Gulden wallet within a matter of minutes without long synchronization wait. The development progress of the PoW^2, SegSig and Sonic can be traced here. Gulden is a blockchain-based payment system that allows users to send money to each other, wire it to any IBAN account, pay at Gulden merchants and get a return. At the moment of publication, Gulden (NLG) market indicators are as follows:

Average price 0.069090 USD
Market cap 27,630,832 USD
Volume (24H) 98,686 USD

Bitfinex to List BCH' Chain Split Tokens

Bitfinex warned that support for BAB and BSV could be temporary
14 November 2018   57

The Hong Kong cryptocurrency exchange Bitfinex has listed the so-called Chain Split tokens for the two implementations of the Bitcoin Cash protocol. Bitcoin Cash hardfork is planned on 15th of November.

BAB [Bitcoin ABC client] and BSV [Bitcoin SV client] tokens will be traded in pairs with Bitcoin and the US dollar. The Token Manager tool will allow users to convert their Bitcoin Cash into one of the tokens. This process is reversible, Bitfinex emphasized. At the same time, marginal trade in tokens will be unavailable.

After snapshot of the network, the corresponding coins will be automatically converted into BAB and BSV onchain tokens, and all current Bitcoin Cash holders will receive an equivalent number of coins. However, if the user has a short BCH position at the time of the snapshot, the margin will be canceled, and the borrower, if he does not have enough tokens, will have to cover the negative balance sheets until December 31.

Bitfinex also warned that support for BAB and BSV could be temporary, and that as soon as all negative balances were covered, the exchange could delist them, allowing limited time for withdrawal.