Nasdaq Considers Storing Asset Ownership Data on Blockchain

World-known stock exchange Nasdaq is considering the possibility of using blockchain for storing data on asset ownership
17 November 2017   790

According to the patent application, the company intends to use a distribution ledger to register asset owners, as well as use digital wallets to let owners to access these assets which are associated with a private cryptographic key.

Nasdaq would commit to a distributed network where each node would contain a copy of the blockchain’s information, according to the application.

The application states that despite the fact that the blockchain has a huge potential and users can maintain confidentiality through public technology - there are a need for further improvements in its effectiveness.

Earlier the company expressed concern about blockchain technology. It was said that the main problems are related to the integration of systems based on blockchain with other financial systems and technology can not be immediately implemented in existing systems.

Users Suspected RusGas of Scam

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol
07 December 2018   97

The RusGas cryptocurrency project (RGS) demonstrates disturbing signs and releases new tokens in excess of the pre-set emission limit, Cryptovest reports. With an aggregate capitalization of $ 117, RGS trading volume for the last few days is $ 35,000. Events unfold against the backdrop of promises made by the project organizers about the upcoming restart.

Most of the RGS trade is focused on the Crex24 exchange, which has a daily  of $ 700,000. RusGas had a daily volume of several million dollars in its best days, which already then caused questions about the authenticity of this value.

According to CoinMarketCap, RGS emissions are limited to 10 billion tokens, but Etherscan indicates that currently 298 addresses contain 860 billion RGS. The rapid growth of emissions was recorded in recent days and hours. The largest wallet contains 99% of all tokens, which is probably the crex24 wallet. The developers themselves explain these movements to the next restart.

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol(PRL), when the additional issue feature was used in a smart contract.

The likelihood of such an outcome is a characteristic feature of projects based on the Ethereum protocol, which allows additional emission of tokens through a smart contract at the discretion of its owner, not to mention other vulnerabilities that cost investors a lot of money.

RusGas is based on the idea of ​​using tokens and blockchains to optimize the Russian gas industry. Despite the dubiousness of the project’s mission, the data on the network indicates that in April of this year he managed to raise $ 2.2 million for ICO.