Day: July 20, 2017

MyBit releases a demo of their peer to peer investment platform, set forth to tokenize any automatable or machine infrastructure in an effort to commoditize the AI economy. The demo is being released prior to their Tokensale

Zug, Switzerland, July 18th. The Mybit foundation is deeply excited to showcase a new demo of their peer-to-peer investment platform, prior to their upcoming Tokensale. The demo can be found HERE

The MyBit platform connects investors from around the world with businesses and individuals seeking to fund revenue generating assets. Fast, convenient, secure peer-to-peer (P2P) transactions governed by smart contracts running on Ethereum.  For individuals and businesses who wish to obtain revenue generating assets but face financial or geographical restraints, MyBit unleashes a world of opportunities through cost-effective access to global capital.

With the forthcoming increase in electricity demand resulting from the proliferation of Artificial Intelligence in the areas of transportation and robotics, the Internet of Things, and growth in emerging markets, utility companies are exploring ways to scale the production of electricity outside their high cost traditional power generation facilities. Microgrids — small, decentralized solar energy production units — are a key component of their solution strategy.

Given there is no platform to securely connect small investors and individuals who wish to participate in the creation of microgrids (revenue generating assets) and sell the power production to the utility companies, the masses are left on the sidelines.

According to Founder, Ian Worrall , “Enabling worldwide crowdfunding of revenue generating assets will be a game changer for everyone — eliminating financial barriers to entry, enabling new business models, accessing previously untapped capital from the many and providing an extremely low cost, paperless and efficient capital market for the masses.”

Mr. Worrall continued, “The use cases are limitless, ranging from solar energy micro-grids to rental equipment to autonomous machinery and vehicles. Any asset whose usage can be automatically monitored is a potential use case. The proliferation of microprocessors in everyday items (think IoT) will enable the explosion of revenue generating assets and the explosion of growth of the MyBit platform.”

About MyBit.io

MyBit connects investors from around the world with businesses and individuals seeking to fund revenue generating assets like microgrids. The MyBit platform gives investors security on their investment, while landowners get access to investors willing to help in exchange for profit. By standardizing and automating setup, sales, and dividends, Mybit takes us step closer to an equitable economy.

To learn more about contributing during the MyBit TokenSale you can review the official blog post HERE and register on https://mybit.io. @Mybit_DApp

Disclaimer: This is a sponsored post and does not necessarily reflect the opinions of any The Merkle employees. This is not investment or trading advice, always do your own independent research.

Hello and welcome to News BTC’s Market Outlook July 21. DASH/USD DASH continue to find buyers during the session on Thursday, breaking above the shooting star from Wednesday, and clearing the vital $170 handle. Because of this, looks as if we are going to continue to grind higher, and short-term pullback should offer buying value … Continue reading DASH/USD and LTC/USD Technical Analysis July 21, 2017

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Initial Coin Offerings, or ICOs, have taken the fintech world by storm in the past few months. Despite the fact that these tokens do not usually confer any rights or claims against assets, as in the case of debt or equity securities, there are likely two reasons for the surge in ICO subscriptions. But the complete lack of investor protections and dubious quality of ICO issuers has drawn the attention of the SEC.

Hello and welcome to News BTC’s Market Outlook July 21. ETH/USD Ethereum rallied against the US dollar during the session on Thursday, testing the $240 level. I believe that we need to close on a daily chart above the $250 level to start buying again, as I would show significant support. In the meantime, I … Continue reading ETH/USD and ETH/BTC Technical Analysis July 21, 2017

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Hello and welcome to News BTC’s Market Outlook July 21. BTC/USD Bitcoin rallied against the US dollar, slicing through the vital $2400 level. As I predicted yesterday, the $2600 level would be targeted. That’s where we find ourselves during recording, and I believe that if the market can continue higher, the next target will be … Continue reading BTC/USD and BTC/JPY Technical Analysis July 21, 2017

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Key Highlights Ethereum classic price is holding gains nicely above $15.00 against the US Dollar and looking for more gains. There is an ascending channel pattern with resistance near $17.10 forming on the hourly chart of ETC/USD (Data feed via Kraken). The price is currently trading near a major resistance area at $16.50 and looking … Continue reading Ethereum Classic Price Technical Analysis – ETC/USD Poised for Break

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VOISE, a decentralized music platform that aims to monetize independent artists by giving them 100% of the revenue, has updated its roadmap and whitepaper. The team behind VOISE has decided to update the roadmap in a bid to make it more detailed by putting up concrete points and dates. It has also assured the community … Continue reading VOISE Updates Roadmap and Whitepaper

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At approximately 00:06:48 UTC today, July 20, at block height #476768 the bitcoin network finished the BIP91 lock in period and entered a new phase in order to activate the protocol Segregated Witness (Segwit). Now during the lock-in period, there will be another 336 blocks, until Segwit will be activated on Bitcoin’s main network.

Also read: Predicting the August 1 Split Flow Chart the Hard Way

The Bitcoin Network Begins Segwit Lock-in Period

It seems the Bitcoin network may see the implementation of Segwit in the near future. Miners have reached the 80 percent threshold and held this position for 336 blocks to initiate the current lock-in. Another period of blocks mined at this threshold must take place in order to activate the protocol. During the morning of July 20 bitcoin markets have rallied from a price of $2300 per BTC the day before, to a high of $2930. Many bitcoin proponents across forums and social media believe the price spike is due to the anticipated lock-in and activation.

What is Segregated Witness?

Segwit is a protocol that was introduced in 2015 by bitcoin developer Pieter Wuille at the Hong Kong Scaling Workshop. The implementation creates a mechanism that relocates witness inputs away from transactions which in turn may create more block space. Full nodes will validate blocks but with a separate entry for signature data. Essentially, because this specific data is removed, supporters believe it can free up block size space to achieve more on-chain throughput.   

The code was prepared a long time ago, and network participants failed to get it activated and also had to deal with a higher threshold of 95 percent. Moreover, many bitcoin proponents believe Segwit isn’t enough and want a block size increase. This has led to many arguments and failed ’roundtable’ agreements. Now since Barry Silbert’s “New York Agreement” miners who chose not to support Segwit in the past, promised to support the implementation in exchange for a 2MB hard fork.

So Far the Segwit2x Roadmap Is Going as Planned

The July 20 lock in period started going much faster once other miners joined the BIP91 signaling. This includes GBminers, Slush, and the anticipated signaling from the well-known F2poo,l which seemed undecided throughout most of the debate. Currently, a great majority of mining pools are supporting the lock-in period threshold, just a few percentages over 80 percent. After the next 336 blocks, and if all is successful with this plan, BIP91 will be enforced at block height 477120. Following this block there will still be a couple weeks of wait time until Segwit is officially active. The process of activating Segwit may not be super smooth, as there also could be problems with blockchain reorganization, a client issue where the bitcoin network doesn’t reorganize in unison.    

For now, it seems the Segwit2x roadmap is going as planned. Following the activation of Segwit, developers and network participants will then prepare for the 2MB hard fork that should follow 12,960 blocks later (~3 months).             

“Three plus months is the fallback safety measure, in case activation is slower than predicted,” explains Jeff Garzik the Segwit2x working group developer.

Do you think Segwit will be activated? Let us know what you think in the comments below.

Images via Shutterstock, Coin Dance, and Pixabay. 

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Key Highlights ETH price traded with a positive tone above $210 against the US Dollar and remains well supported. There is a new connecting bullish trend line with support at $210 forming on the hourly chart of ETH/USD (data feed via SimpleFX). On the upside, a break above a bearish trend line at $232 is … Continue reading Ethereum Price Technical Analysis – ETH/USD Aiming Higher

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MobileGo had another mixed run as its counterparts bitcoin, ethereum, and the dollar chalked up a lot of action due to specific market factors. MobileGo vs. Bitcoin MobileGo resumed its drop against bitcoin as the latter got a strong boost by reports of BIP 91 being locked in. This paves the way for an upgrade … Continue reading MobileGo Price Technical Analysis for 07/21/2017 – Another Mixed Round

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Bitcoin price made a strong rally to its record highs, and more bulls could be waiting to join on a pullback.

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