Internxt launches alpha prototypes of its products

Internxt has announced its releasing prototypes of X Cloud and X Core Alpha on April 6 following the publication of the code on Github
04 April 2018   395

Internxt is rolling out the prototypes of 2 of its products - X Core and X Cloud. As the code for the Alpha versions has been uploaded on February 27 for peer review, the release date of the prototypes is set on April 6. X Core is a P2P cloud computing network that enables cooperation in the creation of a decentralized Internet with sharing the resources of the machines to those looking for a host of their data. As of the Alpha version, the following features are operable:

  • file distribution;
  • replication;
  • synchronization;
  • encryption using AES 256 CTR;

X Cloud offers a more reliable, secure and private cloud by being cheaper and more secure that the traditional cloud storage platforms (Google Drive, Amazon S3, Dropbox). X Cloud aims to bring a mass-market solution that both enterprises and individuals appreciate. The product is based off of Storj platform and with Alpha version offers file storing and sharing.

The prototypes are promised to be free and open so that anybody is able to test both X Cloud and X Core. Commercial version are expected Q3 2018. At the moment of publication, the market parameters for Internxt are as follows

Average price: $6.03

Market cap: $3,798,359

Volume (24H): $18,437

Brazilian Central Bank to Issue Stablecoin

According to participants of the project, the issue of the BNDES coin will help restore public confidence in Brazilian state banks
17 December 2018   68

The state-owned Brazilian National Social Development Bank intends to issue a cryptocurrency token tied to the Brazilian real. It is reported by CoinDesk.

The pilot project for the production of a token BNDES based on Ethereum will start in January next year. At first, the coin will be used to finance cultural institutions. In particular, the bank will allocate a certain number of new tokens to the local cinema agency.

As the newspaper notes, the bank conducted experiments with steyblecoin throughout 2018. The consultant of the project for the release of a new “stable coin” will be the well-known Ethereum start-up ConsenSys.

According to representatives of the bank, the issue of the BNDES coin will help restore public confidence in Brazilian state banks, which are often criticized due to corruption scandals.

Also, the bank is confident that in the future, stablecoin can be used to finance organizations and projects from various fields.

Note that recently in Brazil there has been a trend towards liberalization of the regulation of cryptoindustry. For example, in October, the Brazilian Securities Commission allowed local investment companies to invest in a cryptocurrency ecosystem through the acquisition of derivatives and shares in foreign funds. It is noteworthy that at the beginning of the year the same financial regulator announced the prohibition of both direct investment in cryptocurrency and indirect investment through intermediaries in the person of foreign companies.