Solaris to activate its Zerocoin protocol

Solaris has announced it is going to activate Zerocoin protocol on April 18 as the chain reaches the height of 259300 blocks
04 April 2018   605

Solaris is releasing its Zerocoin protocol on April 18 as the blockchain's 259300th block is activated. The project is a decentralized open source cryptocurrency focused on privacy, innovation and the advancement of technology. With the Zerocoin protocol release, zXLR transactions are automatically enabled. The protocol is going to provide full privacy to the users. The trick is that the protocol converts publicly available transaction details into anonymous: anytime the user wants to spend funds, they appear as a new coin without a spending history.

Solaris Roadmap Q2 2018 fragment

Cryptographic algorithm at the core of the protocol ensures the coin does not get traced. The stability of the algorithm provides the same level of security and privacy even if the network itself is compromised.

Solaris is a community-focused privacy-based coin driven to maintain sustainable growth, development and fair practices within the masternode coin space. Solaris is a self-funded, self-governed, private, instant and secure cryptocurrency. At the moment of publication, the market parameters of Solaris are as follows

Average price: $6.03

Market cap: $6,900,626

Volume (24H): $33,149

Brazilian Central Bank to Issue Stablecoin

According to participants of the project, the issue of the BNDES coin will help restore public confidence in Brazilian state banks
17 December 2018   68

The state-owned Brazilian National Social Development Bank intends to issue a cryptocurrency token tied to the Brazilian real. It is reported by CoinDesk.

The pilot project for the production of a token BNDES based on Ethereum will start in January next year. At first, the coin will be used to finance cultural institutions. In particular, the bank will allocate a certain number of new tokens to the local cinema agency.

As the newspaper notes, the bank conducted experiments with steyblecoin throughout 2018. The consultant of the project for the release of a new “stable coin” will be the well-known Ethereum start-up ConsenSys.

According to representatives of the bank, the issue of the BNDES coin will help restore public confidence in Brazilian state banks, which are often criticized due to corruption scandals.

Also, the bank is confident that in the future, stablecoin can be used to finance organizations and projects from various fields.

Note that recently in Brazil there has been a trend towards liberalization of the regulation of cryptoindustry. For example, in October, the Brazilian Securities Commission allowed local investment companies to invest in a cryptocurrency ecosystem through the acquisition of derivatives and shares in foreign funds. It is noteworthy that at the beginning of the year the same financial regulator announced the prohibition of both direct investment in cryptocurrency and indirect investment through intermediaries in the person of foreign companies.