Greetings! The latest selection of fresh news for those who want to stay abreast of the latest events of the crypto and blockchain news of the world!
Singapore gov’t develops blockchain based security token system
An automated Delivery versus Payment platform has been jointly developed by the Monetary Authority of Singapore and the Singapore Exchange. Its purpose is to allow the settlement of tokenized securities across various blockchain platforms.
This project has demonstrated the value of blockchain technology and the benefits it can bring to the financial industry in the short to medium term. The concept of asset tokenisation, as well as other learnings gleaned from this project, can potentially be applied to a broad spectrum of the economy, creating a whole new world of opportunities.
Blockchain Vs. Internet
ConsenSys creator Joseph Lubin pointed out that it will “probably take a little longer” time to develop blockchain as compared to internet. According to him, it is “much more complicated”.
[Blockchain projects] will enable people to build more things that will come in handy again. That’s how the web was developed. It will probably take a little longer, because it is much more complicated. Also, because we work on topics such as digital money, Blockchain will permeate society more than the Internet. Everything will be networked in a Web3.
DASH stress-test hits 3 million transactions
Dash stress-test took place on Sunday 11 as scheduled. The team was determined to test the capacity and robustness of the Dash protocol to handle at least 4.5 million transactions in a period of 24-hours.
The Dash stress-test has now finished. What an epic 24 hours that was. On behalf of the Dash community, I would like to extend a big thank you to Delta engine and mydashwallet for orchestrating the tress-test. The final transaction in a 24-hour period was over 3 million, which is a new record and a new high for the number of transactions achieved by a Bitcoin based blockchain. He continued by saying, “This tress-test is not just for bragging, we need to test the blockchain to its limits to identify problem areas to improve upon, – Mark Mason, the Dash International Outreach Coordination Director of PR/Media and Webmaster.
Market still in good position
Binance CEO Changpeng Zhao stated that the crypto market and Binance are still in a good position even after nearly a year of downward price movement.
Compared to January [of 2018], we are probably down 90 percent. So we only have one-tenth of the trading volume compared to what we had in January. But, compared to like a year or two years ago, we’re still trading at huge volumes. Business is still okay, we are still profitable, and we are still a very healthy business.
CarbonUSD, the first stable coin on the EOS blockchain
CarbonUSD, the stable coin pegged to the US dollar that was launched two months ago on the Ethereum blockchain, has now been transferred and made official as the first stable coin on the EOS blockchain.
We are honored and excited to be the first stablecoin on EOS and to play such a crucial role in such a burgeoning ecosystem. Stablecoins are critical infrastructure for value and we think providing this to EOS further enhances the ecosystem.
Thank you for attention! Have a productive day!