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Even though it’s yet to gain much notoriety, token project Spectre is innovating in a trending area – private staking for proof-of-stake blockchains.
Mining firm and blockchain software service company Bitfury wants to expedite blockchain development for traditional enterprise and business. Working toward this goal, the company announced today that it’s introducing Java binding for its blockchain service, Exonum. The soon-to-be-available binding comes with a software development kit that will allow developers to build private chains on Exonum that can be anchored to public blockchains, the press release notes.
In computer science, binding allows a library of data written in one coding language to interact with libraries written in another coding language. For Exonum, which is written in Rust, it means that developers can now build on the network using Java. Ultimately, this will allow Java developers to create private blockchains on top of Exonum’s framework.
TapJets, a private jet instant booking platform, has added Litecoin ($ LTC) as an approved form of payment, giving customers another instant payment option to augment traditional credit card payments and bank transfers. This new offering allows TapJets’ customers to instantly book private flights from their smartphones and head to the airport while the blockchain transaction is completed in the background.
Eugene Kesselman, CEO of TapJets, said: “We are excited to add Litecoin to the Bitcoin and Ethereum payment options we already accept. The Litecoin community is strong, and we are happy to work with the Litecoin Foundation to welcome them to our platform. Making it easier to use cryptocurrency in more places is what separates the leaders from followers. This is precisely what the #PayWithLitecoin movement is all about.”
Most altcoins tend to ride Bitcoins coattails a bit when the world’s leading cryptocurrency rises in value. This concept also applies to most currencies which “forked” off Bitcoin in the past few months. The Bitcoin Private price, for example, is trying to surge but still fails to gain any real traction. Despite the neglectable trading volume, the Bitcoin Private price is going through solid upward momentum.
Bitfury was one of the first companies built around the process of bitcoin mining, but the startup also now works on private blockchain software. Some would assume this might have a negative impact on the bitcoin-focused aspects of their business. But, while it’s true that the development of private, permissioned ledger systems means there could be less activity on public blockchains over the short term, Bitfury views private blockchains as an intermediate step for governments and other large entities to use public blockchains like Bitcoin.
As cryptocurrencies continue to make their mark on the financial arena, many capital investment firms are looking to bring the power of the blockchain and traditional investment strategies together to give traders more opportunities in an adapting industry.
Leading Chinese private equity group JD Capital is one of those firms. Founded in 2007 and headquartered in both Beijing and New York, the company holds $ 9 billion assets under management and claims to be the only Chinese private equity enterprise listed on a major stock exchange. Presently, JD Capital employs over 400 people and manages over 100 publicly-traded portfolio companies.
Private digital currencies are better than any state-issued version, admitted a high-ranking representative of the Swiss National Bank. Cryptocurrencies are also less risky, according to Andrea Maechler, member of the central bank’s governing board. Her comments indicate that Switzerland has no intentions to emit a state-sponsored crypto.
Privacy coins are meant to be private. That’s their raison d’être. Strip away the privacy, and they simply become altcoins, and dangerous ones at that, with the potential to deanonymize their users and expose their secrets. A number of recent reports have cast doubt on the privacy features offered by coins such as zcash and monero.
People often get quite creative when it comes to cryptocurrency. An artist who goes by the name Andy Bauch has hidden the private keys to cryptocurrency wallets containing $ 10,000 worth of coins in artwork built with Lego bricks. It’s a remarkable showcase of artistic skill and cryptocurrency enthusiasm, to say the least.
Andy Bauch creates a unique masterpiece
It is safe to say few people would ever look for a cryptocurrency wallet’s private key in artwork made with Lego bricks. Whether or not that is the main reason why Andy Bauch took this approach remains unknown. We do know his creation has sparked a lot of interest, although it is evident this approach was quite unusual. Combining the concept of cryptocurrency with art in a meaningful way is not something we see every day, unfortunately.