We use cookies to enhance your experience. By continuing to visit and use this site you consent to our use of cookies. More information can be found here.

 
FreeXDN - Giving Out Free DigitalNote XDN and Cryptocurrency News
Cryptocurrency News and Free DigitalNote XDN

Quppy introduces multi-currency crypto-wallet with unique cross-platform applications. The Quppy wallet is a multi-language and multi-currency licensed crypto wallet that assures the most advanced security features.

Quppy: a Unique, Multi-Currency, Cross-Platform Crypto-Wallet

Keep Reading  

The recently launched ‘BitcoinNews.com Daily Podcast’ provides easy access to the latest news on Bitcoin, blockchain and cryptocurrencies across 11 platforms.

BitcoinNews.com Daily Podcast

Keep Reading  

Introducing Authoreon's A-ID, the first digitally readable, optical label on the blockchain. The A-ID enables multiple applications that provide authentication, authorization, verification, and certification.

Authoreon launches the A-ID Code, the first machine-readable, optical label on the blockchain

Keep Reading  

Gigecoin has created the gig economy platform using blockchain technology in order to handle the problems faced in the gig economy sector while also improving how the industry works. 

This platform is essentially an autonomous, decentralised staffing platform with its own crypto asset coin and terminal that has zero transaction fees and a capacity to immediately exchange coins to fiat.

The Gig Economy Platform by GigEcoin Makes it Easy

Keep Reading  

A new August survey says the number of Australians currently holding virtual currency has nearly tripled since a similar study was carried out in January.

Number of Australians Holding Cryptocurrency Doubles

Keep Reading  

First Block Capital Inc., a Canadian cryptocurrency and blockchain investment company, has announced that its bitcoin trust, FBC Bitcoin Trust, has achieved mutual fund status in Canada, allowing investors to place funds in registered accounts such as a Tax Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP).

Bitcoin Mutual Fund Launches in Canada

Keep Reading  

A new ruling from China’s Supreme People’s Court clarified how blockchain records pertain to court processes, ruling that blockchain records are considered as admissible evidence in court.

The new ruling regarding blockchain technology is particularly relevant for internet-based legal cases that can present difficulties regarding the accuracy of evidence and information presented to the court.

Chinese Government Accepts Blockchain Records as Evidence in Court

Keep Reading  




 
No Matter How You Slice It — Token Assets Are Coming to Bitcoin Cash
July 19th, 2018   

No Matter How You Slice It — Token Assets Are Coming to Bitcoin Cash

Bitcoin Cash Community Greeted by Two More Token Creation Systems
The Bitcoin Cash (BCH) network has seen a lot of development since the last hard fork which debuted the reenabled Satoshi OP_Codes and the upgraded default data-carrier-size. The BCH community and developers have been bolstering the idea of tokenization on the BCH chain. There’s been a bunch of ideas so far with Andrew Stone’s GROUP proposal and Joannes Vermorel’s Tokeda paper.

Then this week Bitmain developers revealed the Wormhole project that utilizes a fork of the Omni Layer. Then on Wednesday, two more token ideas have been introduced for the BCH chain — One concept from the Cryptonize.it developers, and another proposal written by a group of six developers including Jonald Fyookball, James Cramer, Unwriter, Mark B. Lundeberg, Calin Culianu, and Ryan X. Charles.

Colored Coins & Cryptonized Cash
The creators of the platforms Cryptonize.it and the Cashpay wallet explained that they are bringing the Colored Coins protocol to the BCH network. The Colored Coins (CC) protocol debuted for the BTC back in 2013 network by adding specific metadata to the blockchain. This in turn created ‘representative tokens’ or ‘colored coins’ that can represent any physical or digital item like stocks, bonds, gold and silver backed coins.

The Colored Coin protocol will allow Cryptonize.it the ability to create a currency called Cryptonized Cash (CC) that can be used with Cashpay for discounts and exclusive products.

“Further utility will be added as Cryptonize.it grows — There will be a total of 1 billion CC, without the ability to add more in the future,” the developers emphasized on the social media platform Yours.org. “The tokens are always redeemable on Cryptonize.it — One of the most important questions to answer when proposing adoption of a certain framework is what are the use-cases?

Luckily with colored coins, the answer is endless. Colored coins can represent vouchers, coupons, tokens, altcoins or other assets. You can tokenize whatever you want. The first real-world use-case is Cryptonized Cash (CC), an incentive program on Cryptonize.it which is live right now.


Blue Dividing Bar
 
Blue Dividing BarThe Simple Ledger Protocol Following the Colored Coins concept, another paper was revealed to the public written by Ryan X. Charles, Mark B. Lundeberg, Calin Culianu, Jonald Fyookball, James Cramer, and the developer Unwriter. The paper called, “Simple Ledger Protocol: A token system for Bitcoin Cash,” details a proposal for the BCH network that handles tradeable redeemable tokens without a consensus upgrade.

Enhancement proposals such as GROUP have not been able to obtain consensus needed to change the base protocol, explains the group of developers. Simple Ledger Protocol (SLP) utilizes metadata in OP_Return transactions and the SLP creators believe consensus can be achieved by “token users and market participants adhering to a prescribed set of simple rules.”

“Because SLP builds on the transaction chain of the existing Bitcoin framework, users can easily verify transactions with SPV/lite wallets within practical boundaries,” the paper explains.

Full validation of a transaction back to its token genesis is possible by supplementing existing transaction-retrieval infrastructure with the integration of SLP consensus rules.
The developers say that the SLP system will be permissionless, simple, robust, non-invasive, extensible, and an implementation plan for rapid ecosystem support. The 26-page paper is extremely detailed and it observes multiple subjects that need attention such as wallet implementations, token address format, proxies, utilizing the Bitdb network, economic implications, and more.

The group of six developers revealed they were motivated to present their own token solution and the key to its success will be simplicity. “But will also depend on our taking action to foster the support of the ecosystem,” the SLP programmers add.

No Matter How You Look at It, Token Assets Are Coming to the Bitcoin Cash Network Of course, the Bitcoin Cash community was pretty thrilled about two more tokenization projects using the BCH chain. One user on the Reddit forum r/btc who enjoyed the SLP paper notes that there has been quite a lot of these proposals lately, “I believe we’re hitting some ‘tokenization proposal fatigue.”

Nevertheless, enthusiasts dig the competition and the amount of development dedicated to bringing tokenized assets to the Bitcoin Cash network. The community may end up using a bunch of different color coin methods down the line or perhaps they may just use the superior tokenized system. Whatever the case may be, the race is on to get a system that creates representative tokens using the security of the BCH protocol.

Via: news.bitcoin.com

Blue Dividing Bar
 

Blue Dividing Bar
A new ruling from China’s Supreme People’s Court clarified how blockchain records pertain to court processes, ruling that blockchain records are considered as admissible evidence in court.

The new ruling regarding blockchain technology is particularly relevant for internet-based legal cases that can present difficulties regarding the accuracy of evidence and information presented to the court.
   
Imagol is a blockchain-based decentralized P2P image marketplace which will enable photographers to get rid of photo piracy, copyright violation and most importantly enable them to enjoy a larger share of profits on the sale of their creations. The platform will facilitate easy monetization of photos and make the most of everyone’s creation by featuring them as micro-stock collection
   
XAYA, the ultimate blockchain gaming platform, has begun its long-awaited main sale. The sale is orchestrated through Liquid’s Market and will run for a maximum of five weeks.
       

The Daily Doubler Button

The Daily Doubler button can be used twice per day per account. The time remaining until you can use it again is displayed near the "Claim Your Free XDN" button.
Daily Doubler Button! Click Me to Double Your Reward!

How to Use

Simple! When the Daily Doubler appears, click it to enter the code in the claims area and your next amount will be doubled automatically - That's all there is to it!
The Golden 4 x Daily Doubler Button! Click Me to Quadruple Your Reward! - SAMPLE ONLY!

The Golden DigitalNote - 4 x Booster!

One out of every 100 Daily Doubler buttons displayed is the lucky Golden DigitalNote coin. This doubles the Daily Doubler which means your next amount will be quadrupled!

Good luck!


Blue Dividing Bar
•  Home  •  Reward Levels  •
•  Get your XDN Wallet  •  Get more XDN!  •  What is XDN?  •
•  Crypto News  •  FreeXDN News  •  Submit Content  •
•  About FreeXDN  •  Other Site Information  •
Blue Dividing Bar FreeXDN - Cryptocurrency News and Free DigitalNote XDN