Wanchain, launched its 4.0 version of its interoperability-focused blockchain and the latest project was announced via a blog post on January 20 as we are reading in today’s altcoin news.
According to the blog post, Wanchain will expand its interoperability objectives in order to provide support for the private blockchains or consortium blockchains. This version of the blockchain will tackle some of the obstacles facing private blockchains including the possibilities that a blockchain can feature a permissioned account and offer different levels of privacy. Every company that uses a private blockchain may configure it differently which is a huge challenge for standardization.
One of the best features of Wanchain 4.0 is the T-Bridge a framework that allows data and digital assets to be transferred across different blockchains. This will also make possible for the companies and organizations that already use this blockchain to create their cross-chain applications and smart contracts. T-Bridge will offer APIs and CLIs for easier access. The platform has already a number of potential applications. For example, airlines could use this solution to issue frequent flier points with e-commerce sites and a local government or a company could also use this system to issue property credits. Any business plan that requires a lot more than only one blockchain will benefit.
T-Bridge will promote the growth of the Wanchain itself and will make it simpler to connect new blockchains to the platform so that each chain will be added and this way the size of the storeman node system will be increased. T-Bridge also supports cross-chain smart contracts that allow Wanchaint o handle data beyond simple transactions.
The platform added support for a few other blockchains and cryptocurrencies including Bitcoin and Ethereum in 2018 as well as EOS in 2019. It will also integrate a few more Ethereum and EOS-based tokens which means a further extension of the list of compatible assets. however, there are other projects of this kind. Chainlink, Cosmos, and Polkadot are all focusing on the interoperability as well. These projects seem to have chosen their main focus at the right time. Bitfinex’s Paolo Ardoino predicted that the cross-chain value transfers will be critical once the number of digital assets increases in 2020.
Algorand Cemented Its Position As A Major Ethereum Challenger In 2020
“A key strength of Tether is that it is underpinned by a rich diversity of different blockchains. Our latest collaboration with Algorand leverages the speed and security of Algorand’s protocol to give traders fast settlement and reduced counterparty risk in their fiat to digital asset transactions. Tether and Algorand both share a desire to keep building next-generation financial products and we feel our growing customer base will appreciate and benefit greatly from this collaboration.”Led by a Turing award winner named Silvio Micali, Algorand is a public, permissionless and proof-of-stake blockchain that is currently working on creating a borderless global economy. The inherent design and architecture is how Algorand cemented itself from the competition, easily conducting 1000 transactions per second and a block production time of 5 seconds per block. In comparison, the Ethereum latest news show that Ethereum manages less than 25 transactions per second and has a block production time of 15 seconds. All in all, Algorand is on a good way to provide a highly scalable platform for Tether to function at its maximum capacity. On the other hand, the network can leverage Tether's immense popularity to attract more users and institutions to its platform. This won't only increase the platform's usage - it will also bring in more developers and applications as well. While Algorand cements itself as a direct competitor to Ethereum, Tether (USDT) is also moving up and recently become the latest high profile project to collaborate with Algorand. The native token of Algorand, ALGO, has meanwhile been accepted on many major exchanges in the likes of Binance, CoinBasePRO, Huobi, Kraken and several others.
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HotBTC- New ICO Cryptocurrency Exchange Was Just Launched
“HotBTC has a dedicated focus on listing ICOs, making it a unique trading platform that will be welcomed by the crypto community all over the world. As an exchange, it also offers great features like lightning-fast trades, no hidden fees, and industry-standard security.’’Trading speeds at the newly launched HotBTC are extremely fast and the token prices get updated every 60 seconds. The users can build a new crypto portfolio with multiple layers of protection and can benefit from the account monitoring, wallet management and full authority on withdrawals and deposits. HotBTC has other amazing features such as profit sharing and has a 50 percent revenue sharing scheme on the profits with qualified users. The qualified traders can become partners and can even receive dividends in BTC. HotBTC has been launched recently and aims to fulfill the wishes and desires of the crypto community, traders, crypto project owners, ICO cryptocurrency ideas and anyone else that is interested in the great future of the cryptocurrencies.
Algorand 2.0 Version Provides New Features For Developers
“The signing of the agreement between the FUB and the Algorand Foundation, signed at the Milan meeting of the European Blockchain Partnership of which Italy is co-president, once again confirms the international role assumed by our country on the subject and the attention of the MiSE towards emerging technologies such as the Blockchain also through the promotion of technical-scientific synergies on the subject.”Going into the future, 2020 will, in the end, prove as an essential year for the “Blockchain Wars” romanticized by Gavin Wood. Only the time will show if Algorand and the similar public blockchain networks can conquer something of the market share of Ethereum before the pending release of the Serenity upgrade of Ethereum. Algorand 2.0 is a compelling start to serving the mainstream world, as opposed to serving only the cryptocurrency world, and at the very least it should poke the interest of developers in the decentralized finance sphere searching to expand the pioneering of the developing open finance movement of Ethereum.
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