Nano update Solidus released, bringing spam resistance and immutability to the ultrafast and fee-less green cryptocurrency 1667

nano cryptocurrency news

July 15, 2019 – Nano, a leading cryptocurrency focused on making digital payments simple and intuitive for everyone, has this week welcomed the release of its Solidus update. Solidus represents a notable milestone in making the Nano network stronger, easier to integrate and more resistant to bad actors, building on the success of the preceding Dolphin release that brought average transaction time to below 1 second.

nano solidus

The features included in Solidus are a culmination of substantial groundwork invested into previous node releases and rigorous testing on the beta network,” said Nano creator, Colin LeMahieu. “Development of a more robust node that is more easily integrated was the priority with this release and we have worked closely with services to provide a much better experience

The new release brings immutability to confirmed transactions while offering easier methods to validate confirmation of transactions, via the addition of Confirmation Height.

A new TCP overlay has also been introduced to further increase the precision and efficiency of network communication and dynamic proof-of-work has been implemented to help reduce the impact of spam on the network.

The release also represents the final stage of the transition from Raiblocks to Nano naming systems, with the default address now being provided with nano_ prefixes.

About Nano

Nano is a sustainable digital currency with ultrafast transactions and zero fees over a secure, decentralized network. The Nano protocol was developed to be accessible and lightweight, with a focus on removing inefficiencies present in existing cryptocurrencies, making it ideal for everyday transactions. The Nano Foundation is a non-profit organization founded with the purpose of developing and maintaining the Nano protocol while supporting the Nano ecosystem.

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How FUSION’s (FSN) Blockchain is Taking Over the 300 Trillion Dollar Financial Industry 3646

Blockchain technology may have an impact across numerous industries but it is poised to change the way we think about Finance in the most profound way.

The incumbent capital finance system is structured around large institutions and regulatory bodies that serve as the trust layer to ensure the security and fluidity of financial systems. But this is set to change, with blockchain technology achieving inherent trust where previously a rent-seeking intermediary was an essential and unavoidable cog in the system.

The opportunities that emerge from the Digital Economy are significant, and Fusion is going to be at the centre of this transformation. The Fusion protocol provides the infrastructure for the financial applications of the future that many businesses and institutions are looking to build.

FUSION (FSN) has three key features that elevate it above other smart contract platforms targeting blockchain finance.

  1.     A feature-rich ecosystem for modeling time-based transactions relevant to many industries, starting with debt instruments, entertainment licensing, asset rentals and more.
  2.     A fully realized interoperability and distributed custody solution that connects different on-chain and off-chain ecosystems and serves as the foundation for decentralized exchange.
  3.     A team with deep traditional finance and technology experience focused on solving real-world use-cases in a flexible and adaptive way.

XRP (XRP/USD) Price Is Telling: Moment of Truth Close By 6382

xrpusd

The recent cryptocurrency price swings have certainly involved the whole market, granted that Ripple (XRP) has seen an admirable uptrend for its price. With a 13%, the coin has managed to jump to $0.37.

xrpusd chart

At press time, the XRP/USD pair is trading at a $0.36. It is important to note that despite the growth trend, XRP also took on a bearish market correction wave that initially affected its price. As such, over the last few hours, XRP hit a low of $0.32, yet a massive increase in trading volume for XRP pairs, helped consolidate yet another growth trend.

As always, it is important to take a look at the main probable factors, responsible for the recent price volatility, apart from the price influence brought on by the bitcoin price increase.

Ripple (XRPUSD) Price and News Today

With this in mind, XRP’s parent company, Ripple, went through several positive business developments. As such, the European Commission recently decided to pick Ripple as one of the main associates for the EU’s newest blockchain initiative. Additionally, a German exchange added XRP-based trading to its line of trading products, whereas the RippleNet payment tool is now being used by RationalFX, an English fintech firm.

XRP Price Heading Towards $0.40?

However, numerous market analysts believe that the positive move had little to do with XRP’s bullish price trend. Rather, they think it was overall market excitement and increased trading volumes that encouraged the price increase.

xrp

A possible event that may serve as discouragement to further price increases, is a rumour that the United States Securities and Exchange Commission (SEC) may issue a no-action letter to Ripple, since it has already set precedence with a similar act.

Despite these aspects, it will certainly be interesting to see whether XRP will continue increasing in value, and if it will end up reaching its previous all-time high anytime soon.

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