Unocoin offers Bitcoin [BTC] for all the users affected by the technical glitch
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Unocoin, the leading cryptocurrency platform in India has announced that the platform will be offering Bitcoin [BTC] for all the users who were affected by the technical glitch earlier this week. The platform faced a technical glitch after announcing that they have listed five coins on the platform and will be listing more soon.
The exchange platform faced a technical issue with Zilliqa [ZIL] coins. Users didn’t receive their ZIL in their wallet and some users were restricted to deposit or withdraw the coin. This led to a state of panic amongst those users who bought the coin. The Unocoin team hadn’t provided a clarification on what exactly was happening with the coin at that point in time on their platform.
During an exclusive interview with AMBCrypto, the team said that the ZIL issue will be resolved and people are receiving their token in their account.
In addition, the Unocoin team has also announced that they will be offering Bitcoin [BTC] as a way to compensate for all the users affected by the error.
They said:
“The ZIL issue is on the verge of being resolved and people are receiving their token into the respective accounts. Along with that Unocoin is also offering BTC worth Rs.200, while we are also giving up zero network fees for ZIL till Friday . This is just a small initiative to compensate for the loss the user faced.”
According to CoinMarketCap, Zilliqa [ZIL] at press time was trading at $0.11 with a market cap of $871 million and has dipped by more than 18% in the past 24 hours. Bitcoin [BTC] was trading at $7656 with a market cap of $130 billion and has dipped by more than 7% in the past 24 hours. loading…
Ketaki Dixit is a Journalism major from Jain University.
She has about 1-year experience in the field and is passionate about blockchain technology and the cryptocurrency world. Continue Reading You may like Your email address will not be published. Required fields are marked * Comment Monero Classic [XMC] is now trading on HitBTC
Published Arjun B Source: Wikimedia Commons
On 21 st May, one of the world’s most advanced cryptocurrency exchange called ‘HitBTC’, announced that Monero Classic [XMC] has been officially listed on their platform for trading. HitBTC has also mentioned the following trading pairs which are available in the exchange: Monero Classic [XMC] – Bitcoin [BTC] Monero Classic [XMC] – Ethereum [ETH] Monero Classic [XMC] – Tether [USDT]
HitBTC is one of the world’s most advanced cryptocurrency exchange which has been providing markets for more than 300 cryptocurrencies including Bitcoin, Ethereum, Monero, Tether, etc. The exchange platform has gained its reputation with its core matching engine which offers traders a wide range of features like real-time clearing and matching algorithms.
Now that Monero Classic has been listed on the platform, the users can now start the purchase, trade, and exchange of XMC. At 12:00 PM UTC, XMC was currently trading $7.43 while the prices dropped at a rate of 12.
90%.
After the hard fork of Monero, at block height 1546000, Monero Classic [XMC] has retained the cryptoNote protocol, all the parameters, and features of the original Monero chain. The team of developers at Monero Classic said that they are going to continue to develop a surrounding ecosystem with the features for the original chain of Monero.
Monero Classic has all the advantages of a decentralized cryptocurrency without any privacy concerns as it uses ring confidential transactions, ring signatures and stealth addresses to make unintelligible the amounts, origins, destinations and other details of the transactions.
The transactions on the Monero Classic blockchain are untraceable as they can’t be linked back to a particular user or identity. The units of Monero Classic cannot be blacklisted by exchange or vendors because it is fungible in nature.
James Tim, a crypto enthusiast says:
“ASIC friendly Monero chain $XMC #MoneroClassic is on the hitBTC exchange now” loading… Monero [XMR] introduces Tari, a counterparty by the tycoons
Published Simran Alphonso Source: Pixabay
Tari is a decentralized assets protocol that is going to be built on top of Monero. Tari has been founded by Riccardo Spagni, Naveen Jain, and Dan Teree.
Riccardo Spagni is the core team member of Monero, Naveen Jain is a successful entrepreneur and Dan Teree who sold his company Ticketfly for $450 million to Pandora. They are the co-founders of Monero’s counterparty. This combination of tech entrepreneurs developed the new kickstart for Monero; Tari.
Tari, like a counterparty, will have a native token. It will be operated as a merge-mined sidechain. The miners will be capable to earn Tari block rewards and fees as they will be mining Monero. In addition to combining Tari in Monero’s security model, it will also support atomic swaps between itself and Monero.
Tari will use Rust as their language of choice for the Tari Protocol Software. The team of Tari decided Rust because they believe it is an incredibly capable language that is purpose-built for a software like theirs and also because they want to make sure that Tari does not drain any of the existing Monero contributor support.
Tari, on their page, says:
“Our mission is to steward the most useful decentralized platform that empowers anyone to create digitally scarce things people love.
”
Riccardo Spagni, to portray his support for Tari tweeted:
“In case anyone says something dumb like “fluffypony’s leaving Monero” point them to this:”
Along with the tweet, he attached a link to the official subreddit of Monero where he posted an article about Tari and Monero.
Tari is backed by some of the world’s leading top-tier VC firms, such as Redpoint, Trinity Ventures, Canaan Partners, Slow Ventures, Aspect Ventures, as well as some of the leading blockchain VC firms.
Tari will be an open-source project built in the spirit of Monero, to the point where Tari will reuse a lot of the patterns that they developed over the years for Monero. loading… .
