Parity Released Velocity Wallet

Parity 1.9 or Velocity is now available on the company's Github repository
26 January 2018   1176

Parity Technologies, one of the largest provider of ethereum protocol software, announced on January 26 the release of Parity 1.9 or Velocity wallet.

Parity has upgraded its underlying database RocksDB, making it more stable and It now works sufficiently fast that even users with slower, older hard-disks are able to synchronise the chain, the company said. Warp-sync performance has been also improved with typical sync times over public wifi to be around an hour.

The company upgraded the devp2p protocol to use Snappy compression, which now means users’ Parity node uses approximately 50% less network traffic. Parity also improved database’s reliability with corruption issues now being automatically detected and, where possible, repaired, the company said.

The performance and stability of Aura (“Proof-of-Authority”) networks has also been updated and several protocol upgrades enabling reliability and features have been introduced on to the Kovan test network, which now has Byzantium-features enabled from block 5.067.000.

Parity continues to support several chains aside from the Ethereum Foundation’s chain: The recent “Monetary Policy Rounding Specification” protocol upgrade for Ethereum Classic is supported. Morden Classic now supports ECIP-1017 and Expanse hard-forked to Byzantium at block 800.000. Parity now also supports the Ellaism chain.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   208

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.