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Enterprise Blockchain Platform Records 10K Transactions per Second in Testnet Launch

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Enterprise blockchain platform Insolar (INS) has successfully launched its testnet on Jan. 22, recording over 10,000 transactions per second (TPS), according to data from its block explorer Insolar Explorer.

As the company announced on Sunday, Insolar set up its private testnet launch in order to prove its scalability and speed, with the goal to reach at least 10,000 TPS.

The original Bitcoin (BTC) blockchain is able to process about 7 TPS, while the network of another major coin Ethereum (ETH) can process 20 TPS, as recently reported by Cointelegraph. Ripple (XRP), the second biggest crypto by market cap, “consistently handles” 1,500 TPS, but can purportedly scale up to 50,000 TPS.

In the recent testnet announcement, Insolar has also set the release date for its technical white paper for Jan. 30.

Insolar notes that its node operating system differs significantly from other systems, claiming that a certain node does not both compute and validatie transactions simultaneously, which ensures maximum speed and scalability of the Insolar blockchain. The firm states:

“On Insolar, each smart contract is delegated to a single ‘Executor’ node. After it processes a transaction, a few other nodes (called Validators) confirm it. As a result, the throughput capacity increases almost linearly with the addition of each new node, since with each of them, more smart-contracts (for transaction processing) can be delegated to more nodes.”

While the Insolar blockchain explorer shows a TPS max of 10,229, at press time the network is recording 73 TPS.

In 2017, Insolar announced a project to decentralize the grocery industry which would purportedly make grocery shopping cheaper and more secure by cutting out middlemen. The company reportedly signed deals with major global grocery manufacturers such as Unilever .

The blockchain scalability problem is one of the main problems plaguing the industry. Recently, a professor at Massachusetts Institute of Technology (MIT) claimed that blockchain has a potential to create a borderless economy if blockchain systems simultaneously match three major properties — security, decentralization and scalability.

Source: https://cointelegraph.com/news/enterprise-blockchain-platform-records-10k-transactions-per-second-in-testnet-launch

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APENFT Foundation’s Announcement on Adjusting the APENFT(NFT) Airdrop Strategy

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In order to engage more TORN users in the governance of the APENFT platform, APENFT Foundation recently airdropped APENFT (NFT) to holders of selected tokens on TRON’s MainNet. 

After receiving feedback from users, we have decided to adjust the airdrop strategy so that rewards can be distributed to TRON ecosystem supporters more accurately. Previously, APENFT(NFT) airdrops were made to holders of TRC20-BTC, TRC20-ETH, TRC20-TUSD, TRX, BTT, and JST on the TRON MainNet. But from now on, only holders of WIN, TRX, BTT, and JST will receive airdrops. 

Details: 

  1. Airdrops will be made to WIN holders, rather than holders of TRC20-BTC, TRC20-ETH, and TRC20-TUSD, while the overall airdrop amount remains unchanged; 
  2. The adjusted airdrop strategy will be effective from November 10, 2021 at 12:00 (UTC), while the date for the last airdrop, June 10, 2023 at 12:00 (UTC), remains unchanged. (The first airdrop was made on June 10, 2021 at 12:00 (UTC), and so far five airdrops have been completed); 
  3. According to the new airdrop strategy, holders of the following four tokens will be able to receive different proportions of APENFT(NFT) airdrops: 
WIN Airdrop TRX Airdrop BTT Airdrop JST Airdrop
10.00% 40.00% 30.00% 20.00%

Airdrop rules: 

To ensure fair and just airdrops, all TRON addresses that meet the airdrop criteria are eligible to receive APENFT (NFT) airdrops. Please contact APENFT (NFT) customer support at airdrop@apenft.org if your eligible TRON address fails to receive the APENFT (NFT) airdrop or if you have any question on it. 

Community users: 

Addresses with WIN, TRX, BTT, and JST balance on the TRON MainNet can receive APENFT(NFT) airdrops of corresponding proportions. Addresses on TRON’s blockchain with at least 100 TRX, 100 JST, 2000 BTT, and 15000 WIN in their balances will receive the airdrop of APENFT (NFT). It requires no action from users to claim the airdrops, and both frozen and unfrozen addresses can receive the airdrops. 

Exchanges and custodial wallet (centralized wallet) institutions: 

Users who hold WIN, TRX, BTT, and JST in exchanges are also eligible for proportionate NFT airdrops on the premise that their exchanges must support APENFT (NFT) airdrops. 

Exchanges are advised to follow APENFT’s official Twitter, Blog, Medium and other official channels or contact us through the information provided below for technical and PR support. We also advise exchanges to give support to our adjustments in the airdrop strategy and make it ready and release an announcement accordingly before November 1, 2021. 

Since APENFT (NFT) is the governance token of APENFT, exchange wallets receiving the airdrops may not be able to take part in the governance of the NFT platform. Therefore, these wallets will receive APENFT Foundation’s airdrops after their exchanges complete the technical tweaks and release an announcement. In cases where an exchange misses the airdrops, you may apply for additional airdrops from APENFT. The exchange will receive the airdrops once it passes the qualification check for “redistributing tokens to users on the exchange”.

Note: Due to the high volume of tokens to be distributed, it may take 72 hours to receive the tokens. If your tokens are stored in exchanges and wallets that support our airdrop program, you can contact our customer service for help. 

Email: 

For any questions related to the airdrop, please contact airdrop@apenft.org.

For technical issues, please contact tech@apenft.org.

Note: APENFT Foundation reserves the right of final interpretation for this campaign. Rules and time of airdrops are subject to change.

Source: Plato Data Intelligence: Platoblockchain.com

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airBaltic Successfully Issues Sixth NFTs on OpenSea

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Riga. Today already the sixth NFT edition of the airBaltic City Collection has been issued on OpenSea marketplace for a fixed price of 0.01 Ether. A total of 10 new unique collectibles of the airBaltic City Collection can now be purchased: https://opensea.io/airBaltic.

The sixth airBaltic issue is a digital art piece with one of the most beloved Latvian cities Sigulda, surrounded by its majestic castles, the well-known Gūtmaņa cave as well as Sigulda bobsleigh track. In honour of Latvia’s centenary, in 2018, airBaltic invited everyone to vote on their favourite towns and cities in Latvia, after which the company’s Airbus A220-300 fleet was named. To read more about the airBaltic NFTs City Collection, Edition 6, Sigulda, please visit airBaltic blog: https://blog.airbaltic.com/airbaltic-nfts-city-collection-edition-6-sigulda/.

 On April 14, Latvian airline airBaltic became the world’s first airline to issue non-fungible tokens (NFTs). The airline issued limited collector NFTs, showcasing an individual Airbus A220-300 with its registration as well as a piece of art of Kuldīga, one of the most beloved Latvian cities. Following the first edition airBaltic has issued four more digital art pieces honouring beloved Latvian cities Cēsis, Alūksne, Liepāja, Bauska and now Sigulda. 56 NFTs of the first historic release can still be purchased, but the NFTs from following four editions are sold out.

 airBaltic is well known as the airline for innovation among global carriers. In 2014, airBaltic became the world’s first airline to accept Bitcoin payments for its flight tickets. Now, in cooperation with service provider BitPay, airBaltic accepts also other cryptocurrencies like Bitcoin Cash, Ether and Dogecoin among others for bookings made on its website.

 airBaltic in brief:

airBaltic (Air Baltic Corporation AS) is one of the most punctual airlines in the world connecting the Baltic region with over 70 destinations in Europe, the Middle East, and the CIS. airBaltic is a joint stock company that was established in 1995. Its primary shareholder is the Latvian state, which holds 96.14% of the stock, while Lars Thuesen holds 3.86% through his fully-owned Aircraft Leasing 1 SIA. airBaltic operates 32 Airbus A220-300 aircraft. airBaltic has received numerous international awards for excellence and innovative services. Skytrax has awarded Latvian airline airBaltic a five–star COVID-19 safety rating. In addition, airBaltic is one of the Top twenty airlines for COVID-19 compliance by the safety, product, and COVID-19 rating agency Airlineratings.com. In 2017, the airline received the CAPA Regional Airline of the Year award, while in 2018 and 2019 airBaltic received the ATW Airline Industry Achievement Award as the Market Leader of the Year. In addition, in 2019 airBaltic received the Sector Leadership Award by Airline Business.

For further information, please contact:

Alise Bethere

Head of Corporate Communications

A/S Air Baltic Corporation

Email: pr@airbaltic.lv

Source: Plato Data Intelligence

 

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Dota 2’s The International 10

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The stage for the TI10 is set and the stakes are bigger than they have ever been for an esports tournament. A staggering $40 million in prize money is at stake with the winner earning a whopping $15,000,000! Below we spill the details on the most talked-about esports tourney in history.

Sweden Says No Thank You

Politics reared its ugly head and threatened to derail The International 10 but eventually, things got back on track and the tournament is ready to roll. Initially, the TI10 was slated for Stockholm, Sweden after a one-year hiatus due to the global pandemic. It wasn’t until June 21st when the tremors began building as to a suitable location for the tournament. Sweden was considered a fait accompli, but not so fast, as the fair-haired nation suddenly wagged its finger and pretty much said, anywhere but here.

The crux of the issue was that the Swedish Sports Confederation voted 2-1 against deeming The International an “elite sporting event” and would thereby not be accepted into the federation. An appeal was placed to Sweden’s Minister of Interior, Mikael Damberg, but he punted and sent his spokesperson, Per Strängberg, to essentially pass the buck via this statement, “The Swedish Government has not declined to recognize Dota 2 as an elite sporting event. The government does not make those decisions or judgments. Questions about those judgments should be asked to Riksidrottsförbundet, the Swedish Sports Confederation.”

Developer and publisher of Dota 2, Valve, knew that getting visas for players who needed them to enter Sweden would no longer be automatic due to the lack of accreditation, released this statement, “With the Minister of the Interior failing to recognize The International – Dota 2 Championships as an elite sporting event, anyone attempting to procure a visa for travel into Sweden for TI10 (including players, talent, and staff) would be denied,” Valve wrote. “The absence of this official recognition also means individual border agents would be making decisions about entry for those traveling to the event from countries outside the EU who do not typically need a visa to enter Sweden.”

Game On

It’s not surprising that The International found a home for its 10th iteration as the economic impact that the event will attract is not only bountiful for the contestants but also for the local economy hosting the event. Tournaments of this caliber attract big ratings and the best online betting sites like Bookmaker Sportsbook routinely has esports odds which is yet another way to stimulate interest.

Ultimately, the Arena Nationala, capacity 56,000-plus, located in Bucharest, Romania will be the home of the biggest esports event in history. The Group Stage will run from October 7th through the 10th and then the Main Stage will begin from the 12th through the 17th. The ticket prices will range from $60 for the Group Stage events and approximately $240 for the Main Stage rounds.

One might have thought Stockholm would have been delirious to have that distinction but Bucharest is the choice and the event will be nothing short of sensational with the world’s best Dota 2 players congregated in one venue to take home life-changing prize money. The COVID-19 protocols in Eastern Europe are less stringent than those you will find elsewhere which was certainly a major factor in choosing the alternate location.

A Valve spokesperson commented: “We are grateful for the partnership we have formed with Romania and the city of Bucharest, and very much look forward to gathering with the global Dota 2 community, both in-person and virtually, to celebrate the elite players and amazing fandom at The International. Prepare yourselves.”

Of course, Covid precautions will be in place while everyone in attendance will be required to show proof of vaccination, and mask mandates will be in full effect.

The Dota Dozen + 6

Twelve teams of the 18 teams that will compete in the TI10 will be selected based on their Dota Pro Circuit (DPC) points during the 2021 DPC regular season. The remaining six have been chosen from regional qualifiers that will be held to round out the field.

The 12 teams that have already made the cut are the following: Alliance, beastcoast, Evil Geniuses, Invictus Gaming, PSG.LGD, Quincy Crew, T1, Team Aster, Team Secret, Thunder Predator, Vici Gaming, and Virtus.pro.

The six teams and their corresponding regions entering via the qualifiers are as follows:

China Qualifiers Winner: Elephant

Eastern Europe Qualifiers Winner: Team Spirit

North American Qualifiers Winner: Undying

South American Qualifiers Winner: SG e-sports

Southeast Asian Qualifiers Winner: Fnatic

Western Europe Qualifiers Winner: OG

It is somewhat ironic that the only team to win The International twice, OG, had to enter this year’s edition through the backdoor. Let’s take a look at previous TI winners:

2011: Natus Vincere

2012: Invictus Gaming

2013: Alliance

2014: Newbee

2015: Evil Geniuses

2016: Wings Gaming

2017: Team Liquid

2018: OG

2019: OG

2020: Cancelled

Source: Plato Data Intelligence

 

 

 

 

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Understanding How Trading Bots Work

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With the daily advancement of technology and financial markets, crypto trading is the new currency in town. Due to their volatility, digital assets are listed on crypto exchanges just the same way shares of limited companies and state corporations are listed on Wall Street.

The crypto market runs 24/7, with prices never stopping fluctuating depending on market forces across the world. With a huge number of active cryptocurrencies in the world and taking other considerations into perspective, no human can keep efficient track of the price changes.

This brings automated bots into the context. These bots are algorithms that are aimed to ease the trading process by providing accurate and efficient data on the cryptocurrencies a user trades with.

They are tools designed to gather and analyze market data and execute trades on behalf of traders, which basically means profiting from tiny price fluctuations.

Due to their ability to convey accurate and prompt changes in the crypto market prices, they are desirable to investors who are immersed in the trade. There are several types of automated bots for crypto trading that are available in the market.

TYPES OF BOTS 

  1. Arbitrage bots. Taking advantage of the existing market inefficiencies, arbitrage trading makes profits through the simultaneous purchase and sale of the same asset in different markets at different but close-range prices. Arbitrage relies heavily on execution speed, since it is crucial to buy an asset on one exchange and simultaneously sell it on another, but at a higher price.

Among all providers of automated trading solutions which have incorporated this feature into their platforms, the one offered by Bitsgap clearly stands out. All thanks to a variety of tools that allow analyzing data from 25 crypto exchanges around the world to find the best opportunity to strike a deal.

  1. Grid bots. Grid bots place multiple buy and sell orders within a predetermined price corridor. The orders form a grid above and below the current price — the higher the number of levels, the more intense trading will be. The rising number of grids leads to decreasing price differences between them, which reduce from each trade.

Users should be careful reducing grid spaces since some bots do not take into account exchanges’ fees when calculating profits. Bitsgap is among few platforms that include all commissions into profit calculation and simply won’t allow bots to perform a trade if it won’t make any profit for the user.

  1. Futures bots. The main advantage of futures trading is leverage, which allows traders to open positions exceeding their initial investments, thus multiplying profits. This advantage, however, is the main danger of futures trading, since it can dramatically impact the size of the portfolio and lead to a partial or even total loss of the investments.

Controlling emotions is especially hard when trading futures and this is the point where the Bitsgap Combo bot steps in. It completely automates the process by combining grid and DCA technology and uses trend reverse for maximizing profits when the trend turns in your favor.

BENEFITS OF TRADING BOTS

Just as there are demerits of using bots in blockchain trade, so are the merits. Which surpasses them by miles. This has been harnessed through the launch of the Ethereum London Hard fork. It includes:

  1. Owing to the analysis of the cryptocurrency market prices by chart patterns and trend lines, the interpretation of data becomes simplified. Investors can therefore easily read and understand graphical representations and afterwards make sound execution decisions like in trend trading bots.
  2. Non-stop trading. Bots operate 24/7 as they scale the fluctuations and variations of cryptocurrency prices. This allows investors to secure time and focus on analysis and high-profitable smart trading.
  3. Time-saving. Automated bots constantly analyze prices and trading volumes of over ten thousand trading pairs and are capable of executing thousands of trades per minute on dozens of exchanges. This kind of precision cannot be achieved by any human being, while bots perform it with ease.

MAKING PROFITS USING BOTS

Making and maximizing profits is the main investor concern. It goes without saying that the bigger the risk, the higher the profits. Similarly, the smaller the investment, the lower the return margins.

Crypto is maturing year after year. It has evolved into a prominent asset class attracting investors with promises of high returns and relatively low entry barriers. Since 2017, Bitsgap has matured with the industry and turned into one of the leading companies offering a one-stop automated solution for crypto trading.

Compared to other platforms, Bitsgap offers an unmatched set of tools across 25 crypto exchanges to build a solid trading strategy that may generate stable returns regardless of the market trend.

The company’s blog provides users with articles and ready-made automated trading solutions that allow newcomers to avoid the most common mistakes and start benefiting from crypto at once.

Source Code:Plato Data Intelligence

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