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IOST platform launches iUSD steyblecoin for cross-platform use

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The IOST development team on its blog announced that next week it will launch its own iUSD, which is being created for cross-platform use of digital currencies.

As the site Ruscoins.info reported, IOST switched to its own blockchain from March 10, 2019. And immediately another positive news from the IOST team.

IOST will launch its own stablecoin next week

The IOST team said that work on its own stableUSB iUSD with reference to the dollar is coming to an end: it should appear next week.

Now the majority of dollar-linked steylcoin is based on the Ethereum ERC-20 platform [ETH]. This situation becomes a barrier to the functioning of decentralized applications in other networks, narrowing for them the number of assets available for operation.

The same problem is faced by applications in the IOST network that do not have stable-rate assets, which would enable them to work at low costs and insure against market fluctuations. This difficulty will be solved with the launch of your own stablebcoin.

iUSD is a cross-platform currency designed for operations between blockchains. Applications on IOST will be able to conduct transactions in these tokens through several widely used stable currencies, including PAX, DAI, TrueUSD, GUSD and CircleUSD, while the developers promise minimal expenses on commissions.

For users who will work with iUSD, the exchange of one currency for another with the subsequent transfer to the account of the counterparty in another blockchain should take place imperceptibly. The innovation will also allow you to store steyblecoins based on ERC-20 in the IOST network.

How will the transaction in iUSD

Transactions between networks will be conducted as follows:

  • The user sends an asset that is not based on another network (for example, PAX running on ERC-20) to the Rate3 exchange gateway.
  • PAX will be moved to the address of the wallet in “his” blockchain (the whole operation will be carried out with full transparency)
  • “On the other side” of the gateway, on the IOST blockchain, the recipient will be credited with an equivalent amount in iUSD. The address of the wallet will be taken from the exchange gateway.

When sending iUSD to other blockchains, the operation will take place in the reverse order.

The development team commented on the launch of a new means of payment:

“We look forward to the release of the new currency and believe that the launch of such operations between networks will contribute to the popularization of IOST-based applications, as well as attract new developers. Teams working on decentralized applications will suffer less from market volatility. ”

Publication date 13.03.2019
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OKEx is going to launch futures on Tron on May 20,

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OKEx Crypto Exchange announced the launch of futures contracts for Tron (TRX). A new financial product will appear on the trading platform already on May 20 at 10:00 Moscow time.

Justin Sun, CEO of the Tron Foundation, said that with the launch of the OKEx futures platform on the TRX, the number of transactions with a digital coin will reach 15 million per day. Note that on the eve of the network appeared information that the daily number of users of the platform of decentralized applications from Tron reached 100 thousand, exceeding the achievements of Ethereum and EOS.

The Tron project token currently occupies the 11th position in the cryptocurrency rating in terms of market capitalization. Recently, TRX was listed on the P2PB2B crypto exchange, and the number of smart contracts in the Tron-blockchain reached almost a thousand.

OKEx futures will be settled on a weekly, fortnightly, and quarterly basis. The maximum allowable shoulder size for this derivative is 20x. The new tool will combine data for the TRX / BTC pair, taking into account the performance of three crypto-exchanges – Binance, Huobi, OKEx.

TRX futures

By the way, this week the team Tron left Lucien Chen, technical director of the project. He explained his departure to the fact that TRX is no longer decentralized, now Chen is going to develop his own project, the Volume Network (VOL), which will strive to achieve the goals that were moved to the Tron Foundation.

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The Central Bank of Great Britain for the first time recognized the huge potential of Bitcoin

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For the first time, a representative of the Central Bank of Great Britain commented positively on cryptocurrency and Bitcoin , in particular.

For a long time, the British financial regulator spoke extremely negatively about Bitcoin and doubted its reliability as a form of capital preservation.

For example, at the end of April, the Deputy Head of the Office for Markets and Financial Affairs of the Central Bank of the Kingdom, Dave Ramsden, reaffirmed the negative attitude of the regulator to the cryptosphere.

However, this week, the chief economist of the British Central Bank Andrew Haldane, during his speech to the students for the first time, acknowledged not only reliability, but also the gigantic prospects of Bitcoin. In his opinion, the largest cryptocurrency will be able to completely replace cash in the next 20-30 years.

Haldane said that he was following the development of the cryptocurrency industry and was aware of the existence of thousands of coins. Nevertheless, despite the fact that for the first time one of the influential employees of the British Central Bank noted the growing value of Bitcoin, the position of the regulator’s management is unlikely to change anytime soon, analysts say.

But it is quite possible that, following the chief economist, many other senior officials of the Central Bank will reconsider their position, and this will create conditions for the British Bitcoin regulator to be fully recognized as a reliable payment instrument.

Publication date 19/05/2019
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OKEx Exchange will launch TRON

OKEx cryptocurrency exchange announced the launch of TRON (TRX) cryptocurrency futures. TRON (TRX) futures trading will be available from 08:00 May 20, 2019 (CET, UTC + 1). Details as follows: https: //t.co/344ykd3iGi – OKEx (@OKEx) 17 May 2019 p. The new financial instrument will be available for trading on Monday, May 20. The following are the specifications of the TRON futures: […]

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cryptocurrency futures

OKEx cryptocurrency exchange announced the launch of TRON (TRX) cryptocurrency futures.

The new financial instrument will be available for trading on Monday, May 20. The following are the TRON futures specifications:

Derivatives calculations will be made on a weekly, fortnightly and quarterly basis. The maximum possible shoulder size of this futures is 20x. The instrument will be based on data on the TRX / BTC currency pair from OKEx, Huobi and Binance exchanges.

OKEx also reported that more than 557 million OKB tokens were purchased and burned this week. Since the start of the program (May 4, 2019), more than 1 million native tokens of the exchange have been destroyed.

Recall the other day TRON support announced Opera browser.

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