Monero [XMR] provides faster transactions with new XMRwallet
Published Tweet
Monero announced a new anonymous Monero wallet known was XMRwallet. The wallet has been recently launched and includes new features and designs.
The XMRwallet is a specially designed wallet which is web-based and keeps the identity of the client anonymous. The main aim of the wallet is to enable faster transactions even if the volume sent is large.
Its core features include being fully client side, fast transactions, instant account creation, multiple language support, compatibility with MyMonero, compatibility with original Monero seed, no transaction import required, XMR/USD balance views, multiple seeds access and max function on send page.
XMRwallet has new features like faster transactions and introducing better privacy and security measures. The wallet has gained attention from a lot of customers, with positive feedback being given.
The feedback praises the new design, the ability to support over 10 languages and the major ability to send maximum amount.
A Reddit user says:
“The doors are open and I am so happy to finally have a finished site for the Monero community. It’s been a long 7 months of work but it is definitely a labor of love. I have been using www.MyMonero.com for over a year (thank you /fluffyponyza for the amazing service) and thought I could improve some aspects of the program and build out a bunch of cool new features. In case MyMonero is inaccessible, having a different Monero web wallet also helps with decentralization”
John, another Reddit user says:
“Seems like an enormous amount of work – so many congratulations. For your own sake, make it open source or else you’re going to get murdered in this sub”
Ben, a Twitter user says:
“Nice work, I’ll try it out with a carnary wallet, need to try this as soon as possible.”
At 12:45PM UTC, Monero [XMR] is at the 12th position with a market cap of $3.
17 billion. The coin is trading at $232.25 at present and has been showing 2.29% gain in the past 24 hours.
Rajath Kumar is an intern at AMBCrypto. He became aware of the crypto-world through gaming and has been a part of it for two years now. Rajath does not hold any value in any cryptocurrencies or its projects. Continue Reading Your email address will not be published.
Required fields are marked * Comment Tron [TRX]’s assurance to the community to overtake Ethereum [ETH] soon
Published Sthuthie Murthy Source: Pexels
Tron is 1/3 rd of the way through 2018 and is rejoicing the fact that they belong to the top 10 cryptocurrencies in the world, as of this month. As the rank stabilizes, the team continues to maintain a high standard of excellence, claims the team in a letter written to the community. Adding on, they said, TRX is one of the highest performing cryptocurrencies in 2018.
They now aim to barge into the top 6 list of largest virtual currencies across the globe.
As of January 5 th , ‘they have achieved this already during Tron’s astounding sprint out the gate’, declared the letter by Justin Sun. Further, they said sternly:
“we will reclaim and secure the title, which will mark Tron’s global status as a mainstream public blockchain and lay a solid foundation for competition with Ethereum.”
They are pretty clear with the fact that their own blockchain on release, will be exponentially faster than Ethereum and will spark a revolution for blockchain developers. The Tron Labs team had earlier stated that their main net which will debut on March 31 st has achieved speeds 100x than Ethereum during testing.
Mainnet v Odyssey 2.0, as mentioned earlier will be launch according to the plan on May 31st and to mention the fact that this version has undergone stringent benchmark tests which achieved a TPS 100 times above Ethereum. Tron is Java-based which provides a developer-friendly environment and thus, the industry will break away from Ethereum and its low-efficiency, congestion-prone network, high fees, and steep learning curve declared the letter from the team.
Given that they are now in the top 10, each of their moves will signify a weighted change in the crypto structure, they mentioned.
When observed keenly, out of the top 10 currencies, Tron is the youngest of them all and as they state they are the most professional with a team that brings experience from mainstream internet companies like Alibaba.
They stated:
“Compared to most stagnant crypto companies, Tron is agile and embraces change. In 2018 we will bring our young, professional approach, one that embraces change, into the lax and conservative structure of old. Our mindset is crucial for the healthy development of the cryptocurrency industry.
”
Justin Sun, the Founder of Tron tweeted:
“Backed by a young, professional, adaptable team, $TRX is officially in #crypto top 10, aiming for top 6. Stay tuned for 5/25 Tron VM 2.0, 5/31 Main net, 6/26 SR Election, and more. 2018 is just the beginning. Watch us take the world by storm.
”
Crypto Pacman, a Twitterati says:
“Your little brother ocn will be right behind you in spot #7. $ ocn going to make me retire early.”
Pepe Ciccia, a Tron enthusiast said addressing Justin:
“Absolutely magnificent, I support your vision entirely.
Great success now, tomorrow and the future to you Justin Sun and your entire team.” Cryptocurrency index with ‘rules-based methodology’ for BTC, Ripple, Litecoin, ETH and more by Bloomberg
Published Anirudh VK Source: Unsplash
Bloomberg announced yesterday that they would be partnering with digital asset management firm Galaxy Digital Capital Management LP. The partnership in question would be creating an index designed to ‘track the performance of the largest, most liquid portion of the cryptocurrency market’.
The index is designated as Bloomberg Galaxy Crypto Index or BCGI. It is weighted by market cap and measures the performance of ten USD-traded cryptocurrencies. As such, the index is measured using the USD currency. The index is reconstituted and rebalanced monthly. It is administered according to “four guiding principles”, which are: Data Integrity, where cryptocurrencies must maintain minimum thresholds for daily traded USD value Diversified, where constituents of the index cannot exceed 30% or contribute below 1% of the index’s market cap Representative, which is its aim to provide ‘a proxy for the broader cryptocurrency market’ Continuity, where the index is intended to be responsive to the changing nature of the market in a manner that it does not completely change it from year to year
As per Bloomberg’s press release, it says:
“…the BGCI offers the first institutional grade benchmark for the cryptocurrency market.
”
The currencies in question are Bitcoin [BTC], Ethereum [ETH], Ripple [XRP], Bitcoin Cash [BCH], EOS [EOS], Litecoin [LTC], Dash [DASH]. Monero [XMR], Ethereum Classic [ETC] and Zcash [ZEC]. The currencies in the index are calculated using the eligibility criteria mentioned in the Bloomberg Galaxy Crypto Index fact sheet: The cryptocurrency must trade in USD Minimum of two sources that meet Bloomberg’s due-diligence criteria, which are that they have documented compliance programs that include but are not limited to Anti-Money Laundering and Know Your Customer policies, and have provided Bloomberg with organizational or ownership chart A minimum 30-day median daily value traded of $2 million across a minimum of two eligible pricing sources The cryptocurrency must be free-floating, that is, its price is not pegged to the value of any assets, including digital ones The above criteria must be met for 3 months Maximum number of constituents in the index is limited to the top 12 coins ranked by market cap Hard forks are also considered using the same criteria
The current standings of the currencies are as below Index Constituent Weights
Alan Campbell, Global Product Manager for Bloomberg Indices said:
“Today’s launch of the Bloomberg Galaxy Crypto Index reflects our clients’ growing interest in cryptocurrencies. The index brings our rigorous approach to index construction to cryptos and will provide investors with a transparent benchmark to gauge the performance of the broader market.”
Steve Kurz, the Head of Asset Management at Galax Digital Capital Management said:
“We are thrilled to partner with Bloomberg on the BGCI. The index’s independent, rules-based methodology provides a strong foundation on which the cryptocurrency ecosystem will continue to grow and mature.” .
