A product development and partnership milestone
Today we’re delighted to announce the first beta release of MultiChain 1.0 for Linux and Windows, after more than two years of intensive development. As we’ve said before, our definition is very specific: "beta" means that there are no known bugs or major shortcomings. So the purpose of the beta period is to ensure than any unknown issues are discovered through our own testing, as well as that of our growing user base.
The beta period will last a few months, with the final release of MultiChain 1.0 due in summer 2017. Apart from testing, we’ll also be using this time for further performance optimization. While we (and several partners) have benchmarked MultiChain at ~500 tx/sec on mid-range hardware, we’re planning to push that further for the 1.0 release.
We’re also announcing the addition of 14 companies to the MultiChain Platform Partner Program, bringing the total number to 27. The new members include three multinational consultancies: Boston Consulting Group, PricewaterhouseCoopers LLP and Worldline. Eleven other smaller companies, many of which are focused on blockchain application development, have also joined: Auxesis Group, Crossword Cybersecurity, Cryptologic, Enuke Software, Enuma Technologies, InfoCorp Technologies, Kunstmaan, Minddeft Technologies, Primechain Technologies, RecordsKeeper and Satoshi Citadel Industries. The partner program involves both technical and marketing cooperation, including a listing on the MultiChain website, which now receives over 25,000 visitors monthly.
Apart from partners using MultiChain to deliver client projects, we’re also seeing a different type of collaboration emerge, where software vendors integrate MultiChain into their platform to enable peer-to-peer data sharing and collaboration. Today we’re pleased to jointly announce that we’re working with Seal Software, the market leading platform for contract discovery and analytics. Seal will leverage MultiChain to allow a multiparty contract’s terms and conditions to be shared, negotiated and managed directly on a peer-to-peer basis between the parties involved. This follows our recent announcement of a similar collaboration with Wolfram Research, the company behind Mathematica.
Thank you for joining us on our journey so far. The full text of today’s press release is included below.
MultiChain Adds New Partners and Enters Beta
March 30, 2017 – Coin Sciences Ltd is delighted to announce the addition of fourteen companies to the MultiChain Platform Partner Program, a new collaboration with Seal Software, and the first beta release of MultiChain 1.0.
New members of the Platform Partner Program include three multinational consulting companies: Boston Consulting Group, PricewaterhouseCoopers LLP and Worldline. Eleven other smaller companies have also joined: Auxesis Group, Crossword Cybersecurity, Cryptologic, Enuke Software, Enuma Technologies, InfoCorp Technologies, Kunstmaan, Minddeft Technologies, Primechain Technologies, RecordsKeeper and Satoshi Citadel Industries. This brings the total number of program members to 27, which includes founding partners Accenture, D+H and Mphasis. A full list is now available at: http://www.multichain.com/platform-partners/
Coin Sciences Ltd is also pleased to announce a new collaboration with Seal Software, the award winning platform for contract discovery and analytics. Seal is to integrate MultiChain as a key component of its platform, combining Seal’s machine learning framework for intelligent contracts with MultiChain’s advanced streams functionality. This will enable a single view of a multiparty contract’s terms and conditions to be shared, negotiated and managed on a peer-to-peer basis between the parties involved.
Together with these new partnerships, Coin Sciences is today announcing the first beta release of MultiChain 1.0 for Linux and Windows. The beta release represents the culmination of over 2 years of intensive development, driven relentlessly by feedback from developers building on the platform. During the beta period, additional testing and optimization will take place, with the final version 1.0 release due in summer 2017.
“Since launching the platform partner program in October, dozens of companies have reached out to us,” said Dr Gideon Greenspan, CEO and Founder of Coin Sciences Ltd. “Many had already built projects for their customers on MultiChain, and welcomed the opportunity to create a formal relationship. Others, such as Seal Software and Wolfram Research, sought to integrate MultiChain into their software platforms to enable peer-to-peer data sharing and collaboration. With version 1.0 of MultiChain now entering beta, we look forward to continued cooperation with all our partners, helping them leverage MultiChain for their customers’ needs.”
“Bringing two advanced technologies together like this takes the use of AI- based contract analytics to a whole new level,” said Kevin Gidney, Seal Software’s CTO and co-founder. “I am delighted to be working with Coin Sciences and their MultiChain platform on this opportunity.”
“Joining the MultiChain Platform Partner Program underpins our commitment to maintaining a deep understanding of the different blockchain fabrics available, helping us advise our clients on electing the right solution,” said Seamus Cushley, Director of the PwC EMEA Blockchain team. “PwC has developed blockchain solutions across a wide range of industries with a number of underlying fabrics, including successful engagements using MultiChain. Joining this program offers us early access to releases and priority access to their internal engineering team and we look forward to working with Coin Sciences more closely in the future.”
“We are very pleased to partner with Coin Sciences Ltd,” said Kaj Burchardi, Managing Director of Boston Consulting Group’s Platinion Netherlands division. “In our experience, the MultiChain platform provides an efficient opportunity to implement use cases in permissioned distributed ledger environments. We are convinced that the recent open source code release will give the platform another push in terms of implementations.”
“We are using MultiChain for building several blockchain powered solutions, including shared KYC / AML, syndication of loans / consortium lending, trade finance, asset registry, asset re-hypothecation, secure documents, cross-border payments and peer-to-peer payments,” said Shinam Arora, CEO of Primechain Technologies Pvt. Ltd. “We find MultiChain very powerful yet easy to use.”
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Bitcoin Price Will Skyrocket as Markets Riddled by Election Uncertainty, Analyst Says
Octavio Marenzi, founder and CEO of capital markets consultancy firm Opimas LLC, recently predicted that the current economic situation will shoot Bitcoin’s price “through the roof.”
Simultaneously, he suggested that the traditional financial markets will suffer as the COVID-19 fears grow.
Opimas CEO: Bitcoin Will Shoot Through The Roof
Appearing on RT’s Boom Bust, Marenzi was asked about the current state of the financial world and his prediction by the end of the year. He seemed somewhat cautious in providing precise numbers. Nevertheless, the CEO of Opimas outlined four factors that he believes drive the markets now.
According to Marenzi, those are the growing spread of the coronavirus, the stimulus deal proposed by the US government, the Federal Reserve’s policy, and the 2020 US presidential elections. He emphasized the importance of the upcoming vote as “people are starting to get nervous about that.”
The elections’ unknown developments could lead to a “messy” outcome, resulting in even more concerns among investors. Such circumstances could prompt severe price drops within traditional financial assets. However, Bitcoin might emerge as the winner.
“There’s a substantial chance that it’s going to be a contested election and will be very, very messy indeed. We will see the markets overall trending down, while things like Bitcoin shooting through the roof.”
COVID-19 Second Wave To Damage The Markets?
Once reports started emerging in early 2020 that a new virus coming from China was infecting people, the financial world took a beating. The worst came in mid-March during the so-called liquidity crisis, which saw massive price slumps among all assets.
The markets have mostly recovered since then, but the COVID-19 pandemic hasn’t disappeared. In fact, it seems that the dreaded second wave has just begun to develop. The number of confirmed cases grew above 40 million on Monday.
Several countries, mostly in Western Europe, have brought back some of the strict restrictions. Those include even full lockdowns.
Apart from health concerns, this also raises worries among investors. Bitcoin was not exempt from the first price drops, as it plummeted by over 50% in a day.
However, BTC is among the best-performing assets on a yearly-scale, with its 65% increase. Should Marenzi’s words materialize, the primary cryptocurrency could see even further long-term price appreciation.
Bitcoin Dominance at 2-Month High: Disaster for Altcoins
August was a bullish month for altcoin traders as they ranked in profits, forcing Bitcoin dominance to drop below 60% for the first time since the start of the year. However, the altcoin euphoria was shortlived as September brought along the bears.
The end of Q3 wasn’t great for Bitcoin traders, but that was expected as September is usually not a profitable month for Bitcoin. In fact, data shows that Bitcoin has lost more in September than in any other month.
As expected, the Bitcoin effect was seen across boards in the market. Altcoins suffered the most, shredding almost all of the profits accumulated in the previous month.
Bitcoin Eyes $12K
Bitcoin is pushing hard towards the $12k mark. It traded as high as $11,942 for the first time since mid-August.
Analysts believe the trend is the start of a new bull cycle for the leading cryptocurrency considering the coin shielded itself and recovered quickly from the recent negative news, including BitMEX’s charges and OKEx’s withdrawal saga.
Although October has been impressive for Bitcoin, and the coin has since recovered from the bearish move in September, altcoins continue to live in the terrible nightmare from the past month.
October: Another Nightmare For Altcoins
Bitcoin dominance started rising in mid-September after it went as low as 55%. At the time of writing, the cryptocurrency maintains a 60.3% dominance of the entire crypto market while the altcoins struggle with 39.7%.
Even Ether (ETH), the second-largest cryptocurrency, was not spared. In August, the coin traded near the $500 mark, reaching $485 for the first time in two years. In the last two months, Ether lost over 20% of its value, and market dominance dropped from above 15% to 11%.
Now, ETH is exchanging hands at $369 with a 2% loss on the daily chart. However, speculation in the market is that the upcoming ETH 2.0 Phase 0 could provide the needed boost for Ether bulls.
Looking at the top 100, a handful of altcoins have shredded at least 15% of their value on today’s trading session. Some of the most significant losers include Uniswap (-17%), Crypto.com (-25%), Balancer (-19%). Meanwhile, Flexacoin saw a big boost with over 258.11% gains in the last 24 hours.
Crypto.com Integrates PayID Offering 5M Users an Easy and Unique Way to Send & Receive Crypto
HONG KONG, October 19, 2020 — Crypto.com today announced PayID, a universal payment identity developed by the Open Payments Coalition, is now available on the Crypto.com App.
Crypto.com’s 5M+ users can register for a PayID from the Crypto.com app, consolidating complex wallet addresses and accounts into a simple ID that works across any payment network and currency. Users who register for their unique PayID will get an exclusive Crypto.com-branded, easy-to-read ID — such as “yourname$payid.crypto.com — that enables users to send/receive crypto payments from other compatible wallets with just a single ID, easing their ability to connect to 100M+ crypto users worldwide.
PayID solves a key pain point in the crypto payments world, which consists of many closed and complex networks. Participants must manage multiple long and random wallet addresses, increasing the likelihood of erroneous transactions. PayID creates a free, open and common protocol that allows for interoperability between any payment network or currency.
Starting today, Crypto.com is offering early access for select customers to register their unique Crypto.com PayID. To be eligible:
- Stake 10,000 CRO or more in Crypto.com Exchange; or
- Stake 10,000 CRO or more in Crypto.com App
On 2 November 2020 all Crypto.com App users can register their own Crypto.com PayID within the Crypto.com App.
Once registered, users can send crypto from other compatible wallets to the Crypto.com App with just their PayID, instead of a full-length crypto address. At launch, supported cryptocurrencies include CRO, ETH, BTC, XRP and many more ERC20 tokens. Users can also send crypto to other compatible wallets using PayID hosted by other members in the Open Payments Coalition.
Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Crypto.com serves over 5 million customers today, providing them with a powerful alternative to traditional financial services through the Crypto.com App, the Crypto.com Card, the Crypto.com Exchange and Crypto.com DeFi Wallet. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 600+ strong team. Find out more by visiting https://crypto.com
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