Poloniex to credit users with BCH balance

Poloniex exchange announces its plans on crediting users with BCH balance
04 August 2017   1699
Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

One of the leading cryptocurrency exchanges, Poloniex, announces its plans concerning crediting the users of the trading platform who had BTC in their account balance with matching BCH.

Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

As Poloniex team reports, they've received several inquiries about Bitcoin Cash since the fork. According to the company, their hesitation to immediately support BCH or any other Bitcoin derivative "was and is born out of the desire to ensure the security of network operations and the safety of the users' tokens".

Now the Poloniex exchange announces its plans on crediting users with BCH balance:

We will be crediting users who had BTC in their account balance at the time of the fork with matching BCH. We expect this to occur on or before August 14th.
 

The Poloniex Team

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

However, the company details that they have not yet determined if they will be listing BCH as a market on Poloniex nor can they commit to supporting BCH withdrawals right away.

The ability to withdraw BCH will depend on network stability which is completely outside of the Poloniex exchange control, the team adds. 

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   130

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.