Infinity Economics to release its crowdfunding platform

Infinity Economics is launching a crowdfunding platform on April 7 as the network hits 655,000 blocks mark
26 March 2018   951

Blockchain financial ecosystem Infinity Foundation has announced it's releasing the crowdfunding platform on April 7 as the network sets a 655,230th block milestone. Along with this announcement the project also setup several feature release block further: as the height of the blockchain gets to a certain point, the specific feature is activated automatically. The coming features include shuffling, subscription, escrow and smart contracts.

Infinite Economics sees great potential in idea realization through democratic methods, i.e. crowdfunding: all that's necessary is the initiator, the donators and the platform that serves as a bridge to bring the parties together. Nevertheless, the biggest disadvantage of the current approach is fees: payment processing fees, raised amount fee, etc. Having a built-in currency feature, Infinite Economics offers fully automatic decentralized solution for fast and affordable crowdfunding that may include projects in arts, medicine, travelling, charity, social entrepreneurship and many others.

The company as a whole provides a decentralized and transparent system that allow transactions to be processed peer-to-peer over the blockchain. It recently partnered with LiveTree (blockchain based end-to-end production and distribution platform for TV and film) to offer loans to content makers through LiveTree's platform. As of the moment of the publication, the market indicators for Infinite Economics are as follows:

Average price: $0.015670

Volume (24h): $296,990

Cardano Hardfork to be Announced

During the upgrade, aimed to update the Cardano consensus algorithm, the Ouroboros Bizantine Fault-Tolerant protocol will be implemented
21 January 2020   97

The head of the blockchain company IOHK, Charles Hoskinson, spoke about plans to hold Cardano hard fork in mid-February. He said this during a stream on YouTube.

Hardfork aims to update the Cardano consensus algorithm. During the upgrade, the Ouroboros Bizantine Fault-Tolerant (OBFT) protocol will be implemented.

What changes will occur after the implementation of OBFT, the head of IOHK did not explain. At the same time, he noted that the integration of Ledger hardware wallets with Daedalus wallet software will soon be implemented.

At this stage, the project is negotiating with exchanges, as well as checking the readiness of the infrastructure. Nevertheless, according to Hoskinson, "everything is going well" and they do not plan to postpone the hard fork.