Over 90% of Chinese ICO returned funds to investors

By now more than 90% of the projects that carried out the ICO in the PRC have fully compensated for the funds invested
25 September 2017   869

The overwhelming majority of Chinese ICO start-ups fully refunded funds to investors who participated in their initial coin offering (ICO). This is reported by the ETHNews referring to the local news agency Xinhua.

As noted by the agency, by now more than 90% of the projects that carried out the ICO in the PRC have fully compensated for the funds invested. Moreover, some crypto exchanges also began to return users funds for the tokens they bought. This, in turn, indicates that the ban on holding the ICO and the process of closing stock exchanges in China is rigorously implemented in practice.

Also, the Xinhua News Agency reports that of the 17 exchanges operating in China, four have completely ceased their activities by this time. The remaining trading floors are actively preparing for this and have already announced the date of the suspension of operations.

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Ethereum Scaling Solution Raiden to Launch Last Testnet

As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second
20 July 2018   163

On Thursday, July 19, at the Dappcon developer conference in Berlin, the last test network of Raiden for the Ethereum blockchain was launched, CoinDesk reports.

The release includes a minimal implementation of the scaling solution, which will allow the transfer of Ethereum tokens outside of the main blockchain. This is the last test phase before the introduction of technology into the core network of Ethereum.

It's the first step towards going to the mainnet. We really want people to really test this so we have a user interface, we have an API and we've created an open Github for everything they could find, so if we go hopefully bug-free on the mainnet.
 

Lefteris Karapetsas

Core Developer, Raiden

According to him, the new release represents an early implementation for the core network and contains a new rewritten code of smart contracts and payment channels that can be restored in case of unintended closure.

Also, Karapetsas urged developers to join the test network to help detect possible bugs, adding that a bounty program will be launched to encourage this activity.

The release date for the main network has not yet been assigned, but the developers intend to follow this earlier promise and launch Raiden this summer.

Karapetsas also promised to publish regular updates and code optimizations after the full release, adding that Raiden will complement other Ethereum scaling solutions that are currently being developed.

Raiden is essentially the payment channel network for ethereum, it's supposed to help us scale token transfers. The long term goal would be to have people use Raiden from a mobile device and be able to make off-chain token transfers just from their phone. That would be the long term vision, it would probably work in combination with various scaling solutions, sharding, plasma, a sort of hybrid.
 

Lefteris Karapetsas

Core Developer, Raiden

Raiden is developing from the 2015 and is written mostly on Python. The project is much like the Lightning Network. As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second.