The most interesting events and updates in the cryptoindustry of summer 2020

CONTENT

  • Ethereum Classic hard fork will take place in early June

  • Ethereum may start implementing the second version of the protocol in July

  • Zilliqa will add staking in the second quarter

International consortium of news organizations developing transparency standards.

Distribution of coins, hard forks, launches of major networks of crypto projects – the summer of 2020 will be interesting. Find out about the highlights from our review.

* Cryptocurrency capitalization data is presented as of May 26, 2020.

Wednesday June 3rd

Phoenix hard fork on the Ethereum Classic cryptocurrency network

In early May, the project developers decided on the date of the Phoenix hard fork in the Ethereum Classic cryptocurrency network, which is one of the twenty largest coins by market capitalization.

The update will take place on block 10,500,839. If the rate of cryptocurrency mining does not change, the hard fork will be held on June 3. According to the developers, 88% of Ethereum Classic miners supported the update. A consensus fork In the cryptocurrency world, a fork is essentially a change in the blockchain protocol. Since cryptocurrencies operate on decentralized networks, all parties … More will not fork the blockchain and create a new coin. Phoenix’s challenge is to improve the compatibility of the cryptocurrency with its fork – Ethereum.

Monday June 8th

Keep crypto startup steak drop

During the steakdrop scheduled for June 8 (a way to distribute tokens through their nomination and subsequent distribution), Ethereum holders will be offered to receive the project’s cryptocurrency in exchange for ensuring the security of its network. The purpose of the event is to attract as many participants from different regions as possible for Keep staking. Asset allocation will increase the security of the project network.

To participate in the steak drop, you need to register and make sure that you have Ethereum on your account. Token As the use of cryptocurrencies grows, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More Keep, as of May 26, 2020, is in 2246 place in the capitalization rating.

Sunday, 28 June 2020

The first hard fork of the anonymity-oriented cryptocurrency Beam

The developers of the crypto project announced the upcoming hard fork in July 2019. The upgrade will take place at block # 321321, which is expected to be produced at the end of June. At the time of writing the review, the cryptocurrency is in the 156th place in the capitalization rating.

Data: CoinMarketCap

Beam needs a hard fork to switch cryptocurrency from the PoW algorithm Beam Hash I to Beam Hash II. Also, during the upgrade, Beam-enabled wallets will be required to use the SBBS (Secure Electronic Bulletin Board) tool.

June 2020

COTI blockchain project exchange launch

COTI is a fintech startup with an ecosystem of services for decentralized payment systems and its own cryptocurrency of the same name. The digital asset is on the 325th place in the capitalization rating. The task of a startup is to form an alternative to a centralized financial system.

Based on COTI’s developments, programmers have built the COTI-X digital asset exchange, and its launch is scheduled for June 2020. The exchange will interact with other services of the project, and platform users will be able to buy, sell and exchange cryptocurrency assets for fiat.

Top 5 Astronomical Events of Summer 2020

The scheme of interaction of the COTI exchange with other services

Launch of a new blockchain for the NEO 3.0 project

In April 2019, Neo co-founder Eric Zhang talked about plans to launch a new blockchain that will make the project faster and more stable. The update will be one of the largest in the history of a startup.

With the creation of the new blockchain, Neo developers were able to implement updates that were not compatible with the previous version of the chain. The Neo 3.0 development roadmap looks like this:

Neo 3.0 development roadmap

To switch to Neo 3.0, users will need to exchange assets for coins of the new format. NEO is currently ranked 21st in the capitalization rating.

Network Crystal (KNC) Delegated Staking Start

With the launch of Network Crystal Delegated Staking (KNC), cryptocurrency holders will be able to delegate tokens, as well as voting rights in the StakeWith.US pool. The update is scheduled for late June. During this period, specialists will complete work on the implementation of the Katalyst update in Network Crystal. At the moment, the cryptocurrency is on the 58th place in the capitalization rating.

Skale mainnet launch

The challenge for blockchain startup Skale Labs is to reduce the cost of working with decentralized applications (dapps). For this, the project developers have created a platform with a number of technical tools, with the help of which anyone can build their own decentralized application. With their developments, Skale Labs representatives want to solve the problem of low throughput of Ethereum – a popular project for dapps.

In April 2018, the Skale Labs team completed a funding round and promised to launch the main project network during 2019, but the plans did not materialize. In October 2019, the startup raised another $ 17.1 million.This time, the developers promised to use the money to launch the Skale Labs main network in 2020..

Launch of the second version of the Bancor crypto startup protocol

The most interesting events and updates in the cryptoindustry of summer 2020

The startup announced the launch of Bancor V2 in early May 2020. The project team has created a next-generation protocol for digital assets that support smart contracts. Bancor’s technical solutions enable cryptocurrencies to be converted into other tokens. To work in the ecosystem of the project, the developers have issued a coin BNT, which is now on the 132nd place in the capitalization rating.

The second version of the Bancor protocol supports landing protocols and working with an automatic market maker pool (AMM), which is integrated with Chainlink price oracles.

July 2020

Ava Labs mainnet launch

The Ava Labs project develops technical solutions to improve the scalability of the blockchain. In April 2020, the company’s specialists launched two test networks. With their help, the developers intend to debug the tools, adjust the fees for transferring funds in the system and test the work of validators before the launch of the main network in July 2020.

Part of the Ava Labs mainnet launch roadmap

Ethereum’s transition to PoS algorithm

On May 11, a number of media outlets wrote that the co-founder of Ethereum (ETH) Vitalik Buterin confirmed the transition of the project from PoW to PoS mining algorithm in July 2020. He subsequently backtracked on his words..

One of the developers of Ethereum, Afri Shoedon, noted during the Internet discussion that the launch of Ethereum 2.0 in June is unlikely to take place. There is still a lot to be done before the start, he said..

Vitalik Buterin himself explained the publications in the media with an incorrect interpretation of his answer. According to him, he did not hear “July” when the journalist asked about the upcoming launch of the second version of Ethereum. As a result, the developer gave the wrong answer.

Whether Ethereum will launch in July 2020 is unknown. Earlier, one of the project’s developers – Justin Drake – suggested activating the zero phase of ETH 2.0 on July 30. On this day, the project will be 5 years old. Many in the crypto community agreed that the anniversary launch looks logical..

Filecoin mainnet launch

On April 20, 2020, representatives of the Filecoin decentralized data storage platform published information about the launch of the project’s main network. The start is scheduled for the period from July 6 to August 7. The launch of the test network of the project took place in December 2019. At the moment, the startup’s cryptocurrency is in 2223 place in the capitalization rating.

Second quarter of 2020

Zilliqa (ZIL) cryptocurrency staking launch

There is no information on the network about the exact start date of the asset staking, but it is known that the developers are already testing the option. For now, future program participants can familiarize themselves with the requirements, including the minimum equipment parameters, for cryptocurrency staking.

At the time of writing this review, the coin is in 54th place in the capitalization rating. Launching ZIL Stacking May Change Asset Position.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

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The most interesting events and updates in the cryptoindustry of summer 2020
The most interesting events and updates in the cryptoindustry of summer 2020

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The most interesting events and updates in the cryptoindustry of summer 2020
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