Connect with us

Blockchain

Concordium Launches Testnet 4 With Rewards: Mainnet Coming Soon

The Enterprise blockchain platform Concorduim has announced that its Testnet 4 is here, and it is expected to be the last testnet before the launch of the mainnet in Q2 2021. Testnet 4 will reward its users with 15 million GTU tokens in exchange for helping the company to troubleshoot and stress test the platform. […]

The post Concordium Launches Testnet 4 With Rewards: Mainnet Coming Soon appeared first on Blockonomi.

Avatar

Published

on

The Enterprise blockchain platform Concorduim has announced that its Testnet 4 is here, and it is expected to be the last testnet before the launch of the mainnet in Q2 2021. Testnet 4 will reward its users with 15 million GTU tokens in exchange for helping the company to troubleshoot and stress test the platform.

Testnet 3 was a successful venture for both Concorduim and its 3,000 users – who were rewarded with 10 million GTU for their efforts. The tokens for both Testnet 3 and Testnet 4 will be distributed at the launch of the mainnet, which is forecast to happen later this year.

Torben Pryds Pedersen, the CTO at Concordium, commented,

“The introduction of a smart contract layer on Testnet 4 is the culmination of extensive research, development, and testing by the Concordium team and community. Since this is the last iteration of our software before mainnet launch, I invite smart contract developers and Rust developers in particular to participate. The feedback they provide will prove invaluable in ensuring that Concordium realizes its potential to become a best-in-class enterprise network with strong privacy guarantees.”

Concordium Testnet 4 is Here

Anyone who is interested in participating in Concordium’s Testnet 4 can learn more about the platform by visiting the company’s GitHub. The participants will complete actions on the testnet like running a node, deploying smart contracts, and failure testing the system by using bulk actions to attempt and overload the system.

Concordium is working to launch a blockchain that addresses the needs of both its users and the increasing level of regulations for any financial product. The company has created a unique system that stores user KYC data on-chain in an encrypted format, although it can be decrypted if law enforcement officials need access to the data.

In this way, Concordium is crafting a blockchain that serves the purposes of users that need assurances about data security, while opening up the use of the blockchain to financial entities that have to comply with regulations.

Data Security Done Right

In the world of online data, the users are at a disadvantage. When a person trusts their information to a company like Facebook, they have no assurances on how the data will be secured, or what the company may do with it.

Concordium addresses this imbalance by creating a way for users to ensure that their data is kept in a secure format unless very specific conditions are met. No more selling user data, or nasty hacks that leave a user totally vulnerable to identity theft.

Both banking institutions and clients have to comply with a growing body of KYC/AML regulations, and many banks aren’t in the data security business, especially when it comes to client data.

A standardized, public platform like the blockchain that Concordium has created addresses these problems, and gives financial institutions a turn-key solution for transactions and client data protection.

Early movers in the space will likely secure an advantage, or become take over targets.

A Growing Industry

With the rising interest in both digital currencies and Central Bank Digital Currencies (CBDCs), platforms like Concordium may find a waiting market for its high-speed, scalable, and secure blockchain.

Banks will need to have tools like the blockchain that Concordium is working to launch, as new kinds of currency will demand a major shift in banking infrastructure. By lowering costs and boosting transparency, existing banks may be able to thrive in a changing financial environment.

The launch of Testnet 4 is very positive and presents early devs with an opportunity to earn GTU tokens before the wider markets are able to access the token. For more information on Concordium, just click right here to learn about the company, and its goals.

1,194

Source: https://blockonomi.com/concordium-launches-testnet-4/

Blockchain

ZRX Plummeted by 5% in the Past Week – Technical Analysis

ZRX has tested and fallen below the level of $1.43. As the bears are strong, the price may soon fall below the 23.6% FIB retracement level of $1.41.

Avatar

Published

on

ZRX has tested and fallen below the level of $1.43. As the bears are strong, the price may soon fall below the 23.6% FIB retracement level of $1.41.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://www.cryptoknowmics.com/news/zrx-plummeted-by-5-in-the-past-week-technical-analysis

Continue Reading

Blockchain

Hong Kong-based crypto-exchange could be FC Barcelona’s t-shirt sponsors

A Hong Kong-based cryptocurrency exchange could be Futbol Club Barcelona’s next shirt sponsor. According to a report by La Vanguardia, the deal could be worth over 60 million Euros a year, a figure th

The post Hong Kong-based crypto-exchange could be FC Barcelona’s t-shirt sponsors appeared first on AMBCrypto.

Avatar

Published

on

A Hong Kong-based cryptocurrency exchange could be Futbol Club Barcelona’s next shirt sponsor. According to a report by La Vanguardia, the deal could be worth over 60 million Euros a year, a figure th

The post Hong Kong-based crypto-exchange could be FC Barcelona’s t-shirt sponsors appeared first on AMBCrypto.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
The Easiest Way to Way To Trade Crypto.
Source: https://ambcrypto.com/hong-kong-based-crypto-exchange-could-be-fc-barcelonas-t-shirt-sponsors

Continue Reading

Blockchain

Bitcoin Price Analysis: BTC Dumps 6% As Wall Street Turns Red, Some Worrying Signs Pop

Bitcoin price dropped by over 6% today, losing over $5K from its value since the high reached just yesterday at $52,500. Quick recap: BTC had found solid support at the $43K – $44K area during the start of the week following a sharp decline from the ATH level of $58,000 reached just the week before. […]

Avatar

Published

on

Bitcoin price dropped by over 6% today, losing over $5K from its value since the high reached just yesterday at $52,500. Quick recap: BTC had found solid support at the $43K – $44K area during the start of the week following a sharp decline from the ATH level of $58,000 reached just the week before. […] Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://cryptopotato.com/bitcoin-price-analysis-btc-dumps-6-as-wall-street-turns-red-some-worrying-signs-pop/

Continue Reading

Blockchain

BitGo To Introduce Crypto Custodial Services To New York Clients

BitGo has obtained a license from the New York financial watchdog. This will permit it to expand its cryptocurrency custodial operations to institutions.

Avatar

Published

on

BitGo has obtained a license from the New York financial watchdog. This will permit it to expand its cryptocurrency custodial operations to institutions. Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://cryptopotato.com/bitgo-to-introduce-crypto-custodial-services-to-new-york-clients/

Continue Reading
Blockchain9 mins ago

ZRX Plummeted by 5% in the Past Week – Technical Analysis

Blockchain10 mins ago

Hong Kong-based crypto-exchange could be FC Barcelona’s t-shirt sponsors

Blockchain12 mins ago

Bitcoin Price Analysis: BTC Dumps 6% As Wall Street Turns Red, Some Worrying Signs Pop

Blockchain15 mins ago

BitGo To Introduce Crypto Custodial Services To New York Clients

Blockchain18 mins ago

Market Cap Lost $110 Billion as Bitcoin Price Plunges Towards $46K (Market Watch)

Blockchain20 mins ago

Mark Cuban’s Dallas Mavericks to Accept Dogecoin Payments

Blockchain23 mins ago

Cheap Polkadot (DOT) at $0.20 Following a Flash Crash on Binance COIN Margined Futures

Blockchain27 mins ago

Increasing Institutional Interest in DeFi

Blockchain34 mins ago

Bitcoin Price Analysis: BTC Dumps 6% As Wall Street Turns Red, Some Worrying Signs Pop

Blockchain36 mins ago

BitGo To Introduce Crypto Custodial Services To New York Clients

Blockchain38 mins ago

Market Cap Lost $110 Billion as Bitcoin Price Plunges Towards $46K (Market Watch)

Blockchain41 mins ago

Mark Cuban’s Dallas Mavericks to Accept Dogecoin Payments

Blockchain43 mins ago

Cheap Polkadot (DOT) at $0.20 Following a Flash Crash on Binance COIN Margined Futures

Blockchain43 mins ago

Freebitco.in Acquires 3.75 Billion $FUN Tokens

Blockchain45 mins ago

Huobi Global Appoints Vincent Lau as New Managing Director

Blockchain49 mins ago

NVIDIA Won The Lawsuit Over Investors Claiming They Were Misled

Blockchain49 mins ago

Cardano (ADA) price signals weakness after 10% dump

Blockchain57 mins ago

Dallas Mavericks Accepts Payments Made In DOGE: Report

Blockchain1 hour ago

Bitcoin’s S&P 500 Correlation Is At 5-Month High, Is This Bearish For BTC?

Blockchain1 hour ago

Market Analysis Report (05 Mar 2021)

Blockchain1 hour ago

Chainlink Rolls Out Support For XDai Amid Rising Ethereum Fees

Blockchain1 hour ago

BTC Hovers Below $50K With The FED Expected To Address Bond Yields

Blockchain1 hour ago

Interoperability and Cross-Chain DeFi Coming to IOST after Polkadot Partnership

Blockchain1 hour ago

Binance Coin, Neo, Enjin Price Analysis: 05 March

Blockchain1 hour ago

Cardano Price Flips the Bearish Divergence, Will It Smash $2 in March 2021?

Blockchain1 hour ago

Ripple Tests Private Version Of XRP Ledger For CBDCs: Report

Blockchain2 hours ago

API3 Partners With iGaming Platform Royale Finance

Blockchain2 hours ago

Bybit to Cease UK Operations in Compliance with FCA Ban

Blockchain2 hours ago

Coinsbit Has Launched A Unique Bitcoin Staking Pool With A Super High Rate As It Marks Its 3rd Anniversary

Blockchain2 hours ago

Bitfarms hints at massive expansion as it purchased 48,000 new ASIC miners from MicroBT

Trending