Meet Chatex, the Most User Friendly P2P Crypto Exchange for Messengers

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

Chatex is announcing the launch of Chatex bot, an automated peer-to-peer crypto exchange that operates on popular social messenger services, including Telegram. Chatex is user-friendly and secure, and it is available to anyone with a standard smartphone, laptop or PC. To begin, just go to your favorite messenger with any device and hit click to get started buying, selling, and trading Bitcoin, cryptocurrencies, and tokens as well as fiat. Start using Chatex now and enjoy commission free trading until January 1st, 2019.

A Cross-messenger Exchange for Everyone

Chatex, launched on Telegram on October 15th of this year, is a new universal P2P crypto exchange service suitable for both professionals and crypto newcomers. Chatex is ideal for individuals who want to buy or sell cryptocurrencies or invest in crypto assets and projects. The click-and-go messenger based bot is intuitive and requires no special technical knowledge to operate. You don’t even need to re-login if you switch between your favorite messengers or devices: your metadata and operations history will be saved.

All in One Service in the Palm of Your Hand

The Chatex P2P exchange supports Bitcoin and it will soon accept ETH, BitCoin Cash, and other cryptocurrencies, as well as all major fiat currencies and payment systems. Chatex operates with BitGo multi-signature wallets built into the bot for instant transfers. Chatex is the first global P2P messenger crypto exchange to offer 24/7 user support and dispute arbitration. Chatex has live, human operators who will respond to your questions within 15 minutes. In the event of a dispute, Chatex offers real-time arbitration to keep your deals flowing smoothly.

Ingeniously Simple and Incredibly Secure

Despite its simplicity, Chatex offers state of the art security. The Chatex bot operates with institutional-grade, cold-storage, multi-signature BitGo wallets for each type of cryptocurrency. Users need to pass KYC just once, and then they are able to sign into their wallets for easy, safe, and instant online exchanges and transfers. For extra security, Chatex does offer users the option to create and use PIN code security for wallet access.

Chatex is a licensed crypto exchange which is compliant with EU General Data Protection Regulations. All personal data is encrypted and stored on European servers.     

Use Chatex Now for Free

Until January 1st, 2019, Chatex offers no commission on exchange transactions between parties. Withdrawals from the Chatex bot are fixed at a rate of just 0.0005 BTC. Chatex will also offer a fixed commision for withdrawals in other cryptocurrencies when they are introduced to the platform, eliminating the need to convert cryptocurrencies for payment.  

CHATEX does not provide brokerage services, nor is it an exchange platform. CHATEX only provides technologically advanced services for direct communication between buyers and sellers.

About Chatex

Chatex is a universal, secure, and fast messenger based on P2P cryptocurrency exchange launched on Telegram in October 2018.  Chatex is compliant with EU GDPR 2016/679 for data protection and privacy for individuals within the EU and the European Economic Area. Chatex is headquartered in Tallinn, Estonia.

For more information, please visit chatex.com

You can also start using Chatex now on Telegram @Chatex_bot.

For more information on this and other press release topics, contact

Chatex Press Division at [email protected]

China: Insurance Giant Ping An Subsidiary to Create Boutique Bank Supported by Blockchain

Ping An Bank, a subsidiary of China’s Ping An Insurance Group, will launch a boutique bank using blockchain, cloud services, and the Internet of Things (IoT). Ping An Insurance Group is one of the world’s leading financial and insurance corporations, and their subsidiary’s announcement was reported on Nov. 20 by People’s Daily, China’s official state run press service.

A boutique bank is defined as a non-full service investment bank that supports more individualized services than larger firms.

The new boutique bank will rely on Ping An Group’s scientific and technological skills and comprehensive financial capabilities to provide integrated financial services to enterprises through Ping An Bank’s supply chain receivables service platform, entitled “SAS.” The article states that the authenticity of transactions will be provided by the SAS platform.

Ping An Bank is undergoing a series of business changes under the auspices of financial technology, including the use of artificial intelligence (AI), big data, blockchain, and cloud computing in order to “ensure low-cost, efficient and personalized public services,” the People’s Daily reports.

People’s Daily adds that the use of the aforementioned technologies will “improve management and service levels and achieve comprehensive management, marketing, risk control, wealth management, payment, operations and financing.”

Last week, Ping An Insurance Group and the Sanya municipal government signed a strategic cooperation agreement for “Smart City” construction, based on “blockchain, […] biometrics, and other technologies,” Cointelegraph reported Nov. 14.

Back this summer, Liechtenstein bank Union Bank AG announced its goals to become “the world’s first […] full-service blockchain investment bank,” and issued its own security tokens, Cointelegraph wrote Aug. 22.

Op Ed: It’s Time to Reject Mediocrity, #ExitFiat and Embrace Bitcoin

When the towers in New York fell, I became obsessed with economics. I wanted to follow the money to understand what happened on that dreadful day. During that time of inquiry, I found myself very interested in Austrian economic theory. Soon enough, I realized that the reserve banking system was systemically corrupt. How can you have money based only on debt? How can central banks print debt out of nowhere and demand interest for that?

It was a question that caused me to create the world’s first website where people swapped clothes online, in an attempt to enable people to stop using fiat debt certificates. I soon realized that swapping was a terrible way to trade. For instance, if Alice really likes a dress from Belinda but Belinda doesn’t like anything Alice has, then the deal falls through. That’s unfortunate. So then, how do I create a digital token that is used in the market so Alice could just pay Belinda a token for the dress that Belinda can trade with anyone else in the marketplace?

Hmm, I thought. But if I issue the website’s own internal currency then I’m back to central banking, back to one company deciding what’s good for the economy, inflation and everything else would be up to me.

We built Swapstyle as an alternative economy based on swapping, as a tool to get around fiat — not become a new fiat. The more I thought about swapping and alternative currencies, the more I realized that money needs to be decentralized with no controlling power — it needs to be released from a network. But this was impossible.

I read Adam Back’s HashCash and Nick Szabo’s bit gold papers. Europe and the Netherlands, in particular, had interesting pockets of innovation. These were people deep into cryptography; these were scientists with the same goals: to decentralize money in the internet age, an age that had us all in a dichotomy: It could free humanity or place it in digital bondage, control and servitude.

Enter, Bitcoin

In late 2010, Satoshi’s white paper crossed my desk somehow. WOW, OMG! SHE SOLVED IT! This anonymous person has solved the double-spend problem in a decentralized network! I fell down a rabbit hole that frankly I’m still falling down and loving it. I incorporated bitcoin into SwapStyle in 2011 and none of the members knew what it was. I would send them to Gavin Andresen’s amazing faucet that was giving bitcoin away so people could try it. The Libertarian and anarchist roots were also really strong in the community so I gravitated toward reading more about the philosophies of Murray Rothbard, David Friedman and other great thinkers.

I moved to Germany in 2013 and founded Room 77, the first brick-and-mortar place in the world to accept bitcoin. The first time I arrived, I felt at home: There were pictures and quotes of Julian Assange and Aaron Swartz hanging on the wall, Bill Hicks playing in the restrooms and, at the bar, long conversations on philosophies of Friedrich Hayek, Murray Rothbard, Ludwig von Mises and many more.

These were the types of people that wanted to change money for a reason: for the sake of freedom and independence from the banking system or the system of control altogether. One guy I met there always wore a balaclava if there was a camera present, had tape on his fingertips and kept a small pebble in his shoe to throw off gait recognition patterns. I felt like he was more of a living art piece, warning the world of the Orwellian nightmare we, as a society, seemed to be blindly walking into because if anyone stuck out like a sore thumb, it was him.

During this time, there was a sense of building an exit door, a cloak to help fend off the encroaching Big Brother state. Germans have seen many governments go sour and Berlin was, of course, central in one of the largest, both during WW2 and then the East German Stasi during the Cold War. Wherever I went, the talk was about freedom, about liberty. The community was full of crazies, misfits and outliers with off-the-chart IQs.

The thing that we all knew, though, was that Bitcoin had arrived and it was an invention that could not be stopped and could not be taken down, and that this was the dawn of a new era, a total disruption in money and government as a whole.

Room 77Gavin Andresen speaks at the first Bitcoin Conference in New York, October 2011.

Countering the Present Mediocrity

Nowadays, I speak at countless conferences. But these conferences are different. They are filled with bankers and regulators, with lawyers and scammers, promo girls, hookers, suits and Lambos. I always try to bring it back to the fundamentals and the reason why Bitcoin is so important. It seems that, since mainstream adoption has started, it’s been all about Lambos, hot girls and macho celebrations of mediocrity.

I realize that this is what the mainstream kind of looks like. The reason bitcoin and cryptocurrencies, in general, will win the fight to be the new money in the long term is that if you are not excited by the philosophies of decentralized money, then the tech might get you in; if not, then the MAD GAINS and LAMBOS will get you in; if that doesn’t do it, then the cheaper remittance will get you in; and if that doesn’t then your IoT devices (for people who can’t get bank accounts) will get you in.

At the end of the day, it doesn’t matter who you are or where your politics sit. You will end up using crypto and being part of this network. Bitcoin and crypto act as a funnel and, in the end, everyone will fall through. So I’m happy that asset-based money like bitcoin (rare numbers) and gold (rare metals) are slipping back into society, and there is nothing anyone can do to change it. #ExitFiat

Independent Fundraising Through ICOs

And then there are the ICOs. I love the concept of ICOs as I think they use an amazing mechanism for cool projects that have a small niche appeal to raise money without banks. They are able to get the community invested in the project’s success while outsourcing marketing to enthused token holders wanting a higher price.

But as we all know ICOs are fraught with scammers, bamboozling people with techno jargon and lofty investment return promises. Usually, all they have is a nice website and a white paper. These kinds of things will change as people learn from getting burned. We at Vaultoro have stayed away from launching a Vaultoro ICO. I didn’t want our good name to be associated with all the hype and scammers. This latest bear market, however, has really flushed out the swamp, allowing solid strong projects like Vaultoro to maybe think about raising from our community through a token.

I think the next 10 years will be interesting, as humanity deals with human obsolescence in the workforce. As machines join the economy. As money starts being digital tokens representing anything from company shares to deeds to buildings earning auto dividends. As you pay Uber with bitcoin and it automatically trades in a decentralized exchange to ubercoin. When the driver receives their ubercoin, they can trade for any currency they want, including gold, or stay invested in Uber’s success by hodling the coin.

These are the most evolutionary times in economics that we have ever seen. I’m excited to watch it unfold and hopefully see more people stay free.

This op ed by Joshua Scigala is part of Bitcoin Magazine’s Ten Years of Bitcoin celebration. Views expressed are his own and do not necessarily reflect those of Bitcoin Magazine or BTC Inc.

Crypto Investors Who Bought Bitcoin at $1,000 are Now Starting to Sell

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According to Michael Moro, the CEO of a major over-the-counter (OTC) crypto trading firm, investors that bought Bitcoin in early 2017 are now starting to sell.

Speaking to The Block, Genesis Global Trading CEO Michael Moro, who provides institutional investors access to block size liquidity to purchase or sell cryptocurrencies like Bitcoin, Ethereum, and Bitcoin Cash, said that large investors have started to move funds garnered when the price of Bitcoin was just about $1,000.

“We are seeing the folks who bought in early 2017 sell for the first time today,” Moro told Frank Chapparo, adding that the majority of Bitcoin investors that bought into the market in the first quarter of 2017 have started to see near to zero return on investment off of their cryptocurrency investment.

Bitcoin at $4,200

On November 20, CCN reported that the price of Bitcoin reached a new yearly low once again for the second time in a week, falling below the $4,200 mark to $4,170 on fiat-to-cryptocurrency exchanges like Coinbase and Kraken.

The price of Bitcoin on cryptocurrency-only exchanges did not drop below $4,400 due to the premium on the Tether-to-BTC pair created by a decline in the price of the US dollar-backed stablecoin.

“The bears aren’t even pushing, BTC is just free-falling. Very weak dump, imagine what it looks like when the volume comes in. A short-term reversal could happen at any moment – shorting with high leverage is a terrible idea. However, if you are trying to knife catch, be patient. No one should be in a rush to long this,” one technical analyst said.

However, over the past 12 hours, the volume of BTC has increased from around $5 billion to $8 billion, by more than 60 percent, suggesting that BTC could establish a bottom-like trend in the low region of $4 billion.

Throughout the past two days, the volume of BTC remained relatively low despite its steep decline from $5,500 to $4,300, leading investors to be concerned about the short-term trend of the digital asset.

Gloomy Period For BTC

In consideration of poor market conditions and the intensity of the drop of BTC in the past five days, investors, even those that bought BTC at $1,000 to $2,000, are expected to sell a significant chunk of their holdings fearing a further drop below major support levels.

Investors from the first quarter of 2017 are still up 50 to 100 percent on their investments. But, the cryptocurrency market has not seen a correction of this scale since 2014, when the value of BTC dropped by more than 85 percent.

BTC is yet to achieve an 85 percent drop from its all-time high at $19,500. An 85 percent drop from $19,500 is $2,950, and the dominant cryptocurrency would have to drop by more than 32 percent from $4,400 to dip below $3,000.

If investors from nearly two years ago are starting to clean up their portfolio, the vast majority of investors who entered the space in mid to late 2017 have likely existed from the market. The next mid-term rally of BTC and other major cryptocurrencies would require a new wave of investors, which could result in a months-long consolidation period.

Featured image from Shutterstock.

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Peru’s Central Bank Says Cryptocurrencies Are Risky Due to High Volatility

Peru’s central bank has reacted to the recent crypto markets collapse by warning about the high volatility of digital currencies on its Twitter Friday, Nov. 16.

In its recent post, the Peruvian central bank included Bloomberg graphics on Bitcoin’s (BTC) price from December 2017 to mid-November 2018. The picture is followed by a statement:

“Cryptocurrencies are not supported by central banks and pose risks due to the high volatility in their price, fraud cases and their possible use in illicit activities. Bitcoin’s price fell 56% as of October 2018, and has lost an additional 13% percent in November.”

According to Spanish language crypto outlet Criptonoticias, Peru is not currently developing any type of crypto regulation. However, in September 2017, the country’s Superintendency of Banking and Insurance (SBS) joined the blockchain-related R3 consortium to conduct research on the technology and study its possible implementation in Peru.

Moreover, the number of crypto traders in Peru has been steadily growing throughout 2018. According to data provided by crypto statistics website Coin Dance from LocalBitcoins, the year started with roughly 17 BTC being traded weekly in Peru, but by late September the amount has reached almost 150 BTC per week.

The amount of BTC traded weekly in exchange to the national fiat, Peruvian sol. Source: Coin Dance

The crypto markets have recently seen a drastic drop off since Wednesday, Nov. 14, with BTC dipping below $5,000 for the first time in 2018 and other major cryptocurrencies, such as Bitcoin Cash (BCH), losing up to half of the price. Today, Nov. 20, BTC has hit its lowest mark since October 2017, falling to $4,237 at one point in the past 24 hour period.

Is Spain’s Rebel Province Catalonia Introducing Blockchain Voting?

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October 1, 2017. A clandestine referendum election is held against the Spanish government’s orders across schools and polling stations throughout Catalonia. It was a day of defiance with an overwhelming “yes” vote to sever ties with the rest of the mainland. It was also one marked with bloodshed, voter intimidation, and riots.

The main perpetrators, then-party leader Carles Puigdemont and ex-vice president Oriol Junqueras are in exile and prison respectively, along with several other members of the controversial Catalonian government who instigated its independence.

After a couple of weeks of rising tensions, in which the Spanish government pressured Puigdemont to officially declare independence–and which saw massive capital flight as thousands of key businesses moved their headquarters from Catalonia to other provinces in Spain, while the EU condemned the act, Puigdemont found his friends running out fast.

On October 21, the government of Spain eventually suspended Catalonia’s autonomy, declared article 155, and stated that fresh elections would be held on December 21 for a new Catalonian “Govern.”

It wasn’t the best moment for a Spanish government struggling with corruption cases and a never-ending financial crisis. And it also wasn’t truly reflective of the collective desire, as many of the population abstained their vote. The turnout was 43 percent. Although, of that number, a mindblowing 92 percent voted in favor of independence.

Those who wanted to remain were unlikely to leave their houses to angry mobs chanting for independence with a yellow ribbon pinned to their chests.

The Need to Reduce Voter Intimidation

The case of Catalonia isn’t unique, in so much as voter intimidation and poor turnout are characteristic of many elections globally, as is voter fraud, particularly in developing countries with political despots at the helm. Even in one of the most advanced countries in the world, the last election is still being debated and the 2018 midterm led to yet another Florida recount.

There has to be a better way, right?

Ismael Peña-López, Director General of Citizen Participation at the Government of Catalonia certainly thinks so. According to an interview with the La Vanguardia, one of Spain’s most prominent newspapers, he’s all for seeing the electronic voting law amended. Why? Because something isn’t working quite right.

The chaos of the October 2017 referendum and separatist tendency flared up strong emotions throughout the nation, dividing the public (and even families) in two.

It spurred a record number of votes from Spanish citizens outside of Catalonia in the December 21 election. However, turnout was 81.94 percent at the schools and polling stations–compared to just 12 percent of voters registered electronically.

Of all the 226,394 registered voters living outside Catalonia, there were just 27,231 votes, according to the Official Electoral Census.

This poor participation has led Catalonia’s government to approve a law to amend the electronic vote for residents living outside of Catalonia.

While it’s not a process that’s going to happen overnight, it’s projected to be ready as soon as 2020. And, in fact, is a project that was already begun under the leadership of the ousted Puigdemont.

Rolled Out in Three Stages

The new electronic voting will be rolled out in three stages, starting with those living abroad. It’s not that these votes matter less, Peña-López points out, but should anything go wrong with the new system, the damage will be more easily contained.

“It’s not that external votes are less important but we suffer less if it goes wrong, and if it works well, the gain will be enormous and could have a huge impact. This way, the risk is controlled, as it should be.”

Once the new system has been proven with citizens living abroad, it will extend to the anticipated vote, and finally to all citizens, with the main goal of improving voter participation. Although, Peña-López admitted that it would not be easy to make the electronic voting system quickly available to all due to legal, technical, social and economic issues.

An electronic vote costs about one-fifth of a regular vote although, the more the system is used, the more profitable it becomes. Peña-López says that it will increase participation and lower the cost at the same time.

The Problem of Security

While electronic voting is good for people living abroad, for those short on time, or who want to avoid the polling stations, there’s still the question of security. How do citizens know that their vote won’t be tampered with, lost, replicated, or deleted? How can voters be sure that their votes aren’t being monitored, and who takes charge of the data?

Pena LopezIsmael Peña-López, YouTube

These are all questions that naturally arise and complicate the matter. While Peña-López argues that it’s also possible to tamper with urns, he understands the concerns–and the need for a system that would detect any votes that had been tampered with and reject them:

“It’s harder to change 1,000 votes in a physical urn than electronically… That’s why it’s important to audit all votes and that there is a system in place with strong encryption.”

He points to several options for security and to ensure that voters are who they say they are, including biometrics, 2-factor ID, and e-voting in the local embassy.

The Catalonian government hasn’t yet decided the most efficient way of doing this although many are talking about blockchain.

“One interesting option is using blockchain… But we haven’t yet started with the electronic vote. The Government of Catalonia hasn’t laid out a clear bet for blockchain and is still exploring what options there are before deciding.”

However, he added that he had no doubt that the technology is secure and mentioned various examples of companies and parties using it successfully for voting.

Yet Peña-López Isn’t All for Blockchain Voting

Surprisingly, after speaking about encouraging greater voter participation, he says that fewer people would have participated in the Catalonia referendum if it had been done electronically, contradicting his earlier statements.

“It wouldn’t have been the same, it was like a ritual and we needed to see each other, stand together, and be with each other.”

He added that electronic voting loses the magic of mixing with the public and defending the urns.

So, while there is no clear decision on the technology to use for secure, encrypted electronic voting (or indeed a clear will to roll it out to all citizens and move away from traditional ballot boxes), Catalonia is considering blockchain. And just like everything to come out of this rebellious province, if they do go ahead, it will be a country-wide first.

Featured image from Shutterstock.

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Indian Government to Present Draft Bill on Crypto Regulation in December, Documents Show

The Indian government is actively preparing a draft bill on crypto regulation, which is expected to see light this December, according to documents obtained by digital news website Quartz India Tuesday, Nov. 20.

The government has filed a counter-affidavit yesterday, Nov. 19 in the Supreme Court of India, which is currently hearing a case filed by several crypto exchanges against the Reserve Bank of India (RBI).

The document states that the Indian finance ministry panel, responsible for the draft and headed by secretary in the department of economic affairs Subhash Chandra Garg, will present its first version in December:

“Currently, serious efforts are going on for preparation of the draft report and the draft bill on virtual currencies, use of distributed ledger technology in the financial system and framework for digital currency in India.”

Quartz India reports that the draft report and bill will be sent out to members of the inter-ministerial committee (IMC), and that the next meeting of the IMC will specifically discuss the draft legislation. The documents notes that it is “expected that the draft report will be placed before the IMC by next month.”

Moreover, Garg’s panel has scheduled two meeting on crypto regulation in January 2019. According to Quartz India, the members of the committee will present the legislation and accept propositions during the meetings.

The legal battle over crypto regulations started April 2018, when the RBI announced that it would cease to provide services to persons or legal entities involved in cryptocurrencies. Following the move, eleven crypto businesses filed a case against the RBI in the Supreme Court to overturn the decision. After several postponements, the hearing was finally held late October.

During the hearing, the Supreme Court set a two-week deadline for the Indian government to announce its official stance on crypto. Shortly after the hearing, the Indian secretary of Economic Affairs recommended that the country’s Ministry of Finance to impose a ban on “private cryptocurrencies.”

As Cointelegraph previously reported, while the legal crypto framework in India remains unclear, Indian authorities arrested the developers of country’s first Bitcoin (BTC) “ATM” in the city of Bangalore under criminal charges. According to local news outlets, the two co-founders of the country’s first cryptocurrency exchange, Unocoin, were booked under serious criminal charges, including criminal conspiracy, cheating, and forgery.

Ethereum Predecessor Leverages PoA Protocol to Deploy Over 180 Transactions Per Second

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Token development platform enables utility token creation, tapping into Ethereum’s flaws with faster, more secure Blockchain based on the PoA protocol.

Modern enterprises and corporations worldwide still have the greatest interest in Blockchains. Although ICOs managed to raise more than $5.6 billion throughout 2017, 52% proved to be unsuccessful due to reasons such as weak business models, improper tokenomics, or unrealistic goals. Sadly, Ethereum has limitations that don’t allow entrepreneurs or developers to reap all the benefits of a fully decentralized network.

Security breaches, high gas fees, low transactional speed, and technical requirements come in the way of building a transparent utility token with real adoption chances. In the absence of a universal Blockchain platform, in order to streamline processes and enable businesses to issue secure utility tokens, Lindacoin launches the LindaX token development platform; a project that promises to give Ethereum a run for its money.  

Tackling Ethereum’s weak spots with a proof of authority consensus

Some business owners cannot develop digital tokens on their own, just like some developers have difficulties dealing with hards forks and cannot develop fully decentralized Dapps. The LindaX projects aims to tackle Ethereum’s weak spots with a proprietary Blockchain that relies on the PoA (proof of authority) consensus algorithm to speed up transactions. As opposed to Ethereum, which can only handle 6 transactions per second, LindaX starts at 179 transactions per second, and can go beyond.

Developing a unique utility token goes beyond computer code powered by Blockchain technology. One of the main advantages of LindaX is that it integrates a developer software system within its main chain to craft a dynamic environment for creating digital coins and Dapps. LindaX comprises a varied set of commands and tools that enable users to merge regulations with Blockchain more efficiently.  The platform helps create the perfect infrastructure for enterprises seeking to leverage the distributed ledger technology to launch a Blockchain-business in secure, tamper-proof environment.

As a fork of the Ethereum Blockchain, LindaX can be viewed as a predecessor that users certain consortium models and protocols to help developers build customized digital assets and utility tokens for their token sale events. The platform’s core objective is to streamlines all processes involved in the making of a digital coin, from initial concept to production.

Trajectory and Orbital, the testnet and maininet frame the backbone of LindaX

‘Trajectory’ is the proprietary LindaX testnet which developers can use to test and deploy the platform’s advancements. In addition, it provides vetted developers with the perfect environment to test smart contracts and Dapps without paying for network costs. The testing network simplifies the process of developing a token because it allows iterations, thus ensuring a smoother transitioning onto the mainnet, ‘Orbital’.  

For LindaX to be able to function properly, it needs Orbital to power the network by enabling the PoA consensus algorithm. Even though the mainnet is not deemed as a development Blockchain, it requires all published contracts and Dapps to undergo a revision and approval phase before being allowed to be publicly displayed on the LindaX blockchain.

Following the successful completion of its ICO pre-sale in the summer, when all 3 million LX tokens were sold in less than 12 hours, LindaX pursues the official launch of its proprietary wallets, ‘Trajectory’ testnet and ‘Orbital’ mainnet. As stated in the official LindaX whitepaper, the team plans a public token sale as well in the spring of 2019.

USDX Wallet: Lightning-Fast, No-Fee, Crypto-Based Payment System

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This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.

Stablecoins have been a hot topic in 2018, and many different companies are creating cryptocurrencies for P2P payments. The USDX Wallet payment system stands out from these overly complicated and undeveloped projects by delivering rapid and secure transactions with the ease of sending a text. Whether you are depositing money, organizing international money transfers, paying salaries, or making non-cash transactions, this digital payment system is a secure and reliable choice.

As a blockchain-based wallet, USDX Wallet guarantees multi-level security for all transactions and instant transfers of assets via a phone number. The native blockchain used by USDX is based on BitShares, and it allows 100,000 transactions per second. For reference, that is the speed of Visa and Mastercard — combined. Many of the pain points of crypto transfers are also solved by this innovative payment system, including cryptocurrency volatility, low transaction speeds, security issues related to private keys, and excessive fees, among many others.

Available at Google Play and the App Store, this free app features smooth navigation and slick design, making it a pleasure to use. Face ID and Touch ID features will soon be available for the wallet, making authorization even faster and smoother. Ease of use is coupled with the security of use as USDX Wallet employs strong encryption algorithms to protect users’ private keys, which are necessary to access funds. Another security layer is two-factor authentication (2FA) performed via SMS codes or pushes notifications (depending on user preference). As the Whitepaper states, all USDX services are based on AWS and the Google Cloud platforms, which foster scalability, maintainability, and the overall security of the system. Security and stability are of the utmost importance to USDX Wallet and its currency owners.

The USDX token is a stablecoin pegged to the U.S. dollar at a 1:1 ratio via a smart contract. USDX is collateralized by the system’s core cryptocurrency, LHT, which refers to Lighthouse Blockchain Technology, the company behind the app. The total supply of LHT is 1B coins, which will be released gradually to the market.  Only 5% of the supply will be issued in the first year, while another 5% will be locked on the blockchain to provide 200% collateralization. The benefit of withholding coins is encouraging confidence in LHT owners and potential owners that the value won’t suddenly evaporate if the market becomes flooded.

These tokens are available for purchase during the token sale, going on from November 1 to December 31, 2018, or until all the allotted coins are sold from this first pool. There are no private sales or presales, and the project has already received venture investment. Developers have already set the stage for exchanges integration, and the listing is planned for January 2019. Future profits will come from business account fees. Significant bonuses can be earned for any coin purchases before the year-end.

  •    For a 35% bonus: Download the USDX Wallet app, register, and get 35% extra tokens on your first purchase.
  •    For a 25% bonus: Invite friends and get 25% back of their first purchase.
  •    For a 10% bonus: Get 10% more bonuses for second and all subsequent orders.

Unlike so many other companies in the industry, USDX Wallet prioritizes effortless crypto transfers. This is a universal payment system for everyone, from newbies to crypto pros. If you’re looking for an easy and effective way to transfer your crypto assets, USDX Wallet may be exactly the solution you’ve been looking for.

For more information on USDX Wallet and token sale, visit https://usdx.cash/.

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About Lighthouse Blockchain Technology GmbH

Lighthouse Blockchain Technology is a company of entrepreneurs and blockchain professionals with a goal to boost innovations in the digital economy. The team has an extensive experience in implementing complex tech-savvy solutions; team members are experts in finance, project management, app development, marketing, and design. The company is built on the following principles: make people’s lives better and save their time, strive for innovation and build great products to make users happy. Lighthouse Blockchain Technology operates in the legal field and is ready to build relationships with governments and financial institutions.

For media inquiries, please contact Nataliya Mosiaikina via [email protected]. For partnership requests please email us at [email protected].