Musicoin to Upgrade With Hard Fork

The Musicoin hard fork will be triggered at block 2,222,222, which should be released approximately by the end of March
28 February 2018   4877

Musicoin is created for both musicians and listeners. Its musical economy empowers listeners to freely participate via various value-added services that it has built and is actively building on top of the platform. Moreover, the Musicoin Blockchain ensures each musician receives the most competitive industry compensation, instantly and automatically, for each stream of music.

On February 27, Musicoin has announced that it plans to upgrade with blockchain hard fork, aiming to support enhanced security and more efficient transactions. The hard fork will be triggered at block 2,222,222, which should be released approximately by the end of March.

Once enabled, the hard fork should both reduce risks of replay attacks and enable users to securely store their assets with the Ledger Nano S and Trezor hard wallets and MyEtherWallet.

Our blockchain team has developed a perfect plan for this hard fork to enhance the infrastructure of the whole MUSIC economy. Following our 1.0 and 2.0 releases, this upgrade would mark a new start to wider adoption of this currency and MUSIC economy.

Isaac Mao

Founder, Musicoin

Musicoin’s blockchain team reported that it has completed all of the necessary tests, and is ready to release the upgrade of the software toward this hardfork. As for the moment of press, 2053684 blocks of Musicoin have already been generated.

Bitcoin May Pass Gold Market Cap, - Novogratz

Mike Novogratz continues to be Bitcoin and cryptocurrency optimist 
25 March 2019   106

The founder of Galaxy Digital, Mike Novogratz, expressed the opinion that over the next 20 years, Bitcoin’s capitalization would “easily” surpass the gold market, currently estimated at $ 7.5 trillion. It is reported by The Daily HODL.

In a conversation with the founder of Morgan Creek Digital, Anthony Pompiano, Novogratz stressed that the inflow of institutional money to the cryptocurrency market is only a matter of time, and major players like Goldman Sachs and the Intercontinental Exchange (ICE) are already mastering a new industry.

I know Goldman for instance is gearing up around securities tokens. They’re not doing anything yet, but they’re getting really ready and looking at all the questions on – where would you store them? Do you have to build your own custody, or can you use someone else’s custody? How to get them to work.

Mike Novogratz

Founder, Galaxy Digital

According to him, the growth potential of Bitcoin is strong and therefore it is advisable for investors to include the first cryptocurrency in their portfolios:

I think the macro case for [Bitcoin] is pretty strong. And so, if you can put a couple percent of your portfolio in, there’s a decent chance it catches wind. Fidelity is just getting set up. Bakkt continues to get delayed a little bit, but it’s not going to be delayed forever. They’re going to be in the game. And there’s lots of other players coming.

Mike Novogratz

Founder, Galaxy Digital

According to him, the volume of the gold market is $ 7.5-8 trillion and in order to outperform this market, the first cryptocurrency needs to grow in price at least 100 times.

Gold’s got an $8 trillion market cap, or a $7.5 trillion market cap. And so, we’re 100x off on that. We’re not going to get there in Bitcoin in the next year or two. But over a 20-year period, could that happen? Easily. Easily. And that’s giving zero optionality to all the other stuff. And so I think it seems like a pretty smart portfolio bet.

Mike Novogratz

Founder, Galaxy Digital

The founder of Galaxy Digital also touched on the topic of bitcoin futures.

The reality is, the CME kicked their butts. And these guys have limited resources on what they’re going to spend their focus, and they decided to spend it elsewhere. Finding leverage in Bitcoin is going to get easier as the architecture in the space gets better. You’re already seeing the lending market around Bitcoin went from 10% to like 3%. So once you can borrow you can short. And so now it’s not so hard to short Bitcoin. It used to be almost impossible to short Bitcoin in 2016… It wasn’t great, but it’s not critical. 

Mike Novogratz

Founder, Galaxy Digital

In February Mike expressed the opinion that, thanks to institutional money, Bitcoin will reach $ 8,000.