Infinity Economics to Launch Escrow Service

The Escrow Service will be implemented approximately on April 28, 2018 as of block 685.560
02 April 2018   245

The Infinity Economics Platform states to be a community project since its inception, as the decision-making power rests with all community members. The platform uses Elliptic Curve Cryptography (ECC) and SHA256 hashing algorithms to provide a balance between security and performance.

At the end of March Infinity Economics has published core update with a roadmap, according to which the Escrow Service will be implemented approximately on April 28, 2018 so as of block 685.560. The Escrow Service enables secure payments by retaining the buyer’s coins until the terms of the sale are met and the buyer releases the payment to the seller. In most cases that should eliminate disputes, and no further measures by third parties would be required.

Infinity Economics roadmapInfinity Economics Roadmap

Moreover, Infinity Economics plans to launch Smart Contracs by May 5 respectively at the time of block 695.640 release. Smart contracts will automatically fulfil the conditions of a contract according to a predetermined procedure (if-then-else-logic), and they will be deployed on the Infinity Economics blockchain, having the potential to enable use of the Internet of things to the mass market.

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

Average price: $0,012691
24h volume: $164 046

Consensus 2018 summit to be held in New York City

4th annual blockchain technology summit - Consensus 2018, will take place in New York City on May 14-16
22 April 2018   37

CoinDesk has announced its 4th annual blockchain technology summit Consensus 2018 on May 14-16 at the New York Hilton Midtown. Along with the discussions on the blockchain technology, the event is going to feature a hackathon, PoW pitch competition and a scholarship award in a partnership with Zcash. Title sponsors of the event include bloq, Deloitte, Ledger, Octagon Strategy and SONM.

Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy. Among the notable speakers there will be Blockstack co-founder Dr. Muneeb Ali, J.P.Morgan blockchain program lead Amber Baldet, eToro CEO and founder Yoni Assia, Hyperledger executive director Brian Behlendorf, ConsenSys founder Steve Cerveny, Athena Capital founder Meltem Demirors and many others.

The full 3-day agenda of the event can be found here.