Day: September 23, 2017

September 22, 2017, Minsk, Belarus. TheRocket ICO team is glad to announce that it has reached its soft cap of 500 ETH and continue to raise funds. 526 ETH were collected during the pre-ICO stage, which will last for another 3 days.

During the pre-ICO stage, a limited portion of tokens (1 mln) can be purchased with a 30% discount.

The main ICO is scheduled for October 10, 2017 – November 10, 2017.

During the ICO, 1 ETH will give an investor 300 ROCK tokens, but right now, investors can get 390 ROCKs per 1 ETH. The offer expires in 5 days.

Rocket ICO is a decentralized accelerator that connects experts, investors, and start-ups in an effort to coordinate the blockchain community more efficiently and build trust within it. It will create an ecosystem that is beneficial for all its members.

Rocket ICO is ideal for startups that aim to raise investment in cryptocurrency. It is an ecosystem where teams with ideas, experts and investors can interact effectively and securely to create projects, launch ICOs, and encourage funding in cryptocurrency.

The Rocket ICO platform is built on the Solidity DAO framework and will represent a decentralized web application (Dapp).

The Platform solves many problems faced by entrepreneurs and investors. It will open new opportunities for mutually beneficial cooperation between all members of the community. It is built on Ethereum, and its use of smart contracts guarantees adequate compensation for all participants in this system.

Learn more about Rocket ICO and participate in the Pre-ICO now at – http://rocketico.io

Access Rocket ICO whitepaper at – https://rocketico.io/en/RocketICO_Whitepaper_EN.pdf

Find Rocket ICO on Facebook at – https://www.facebook.com/RocketICO/

Follow Rocket ICO on Twitter – https://twitter.com/rocketico_io

Find Rocket ICO on LinkedIn – https://www.linkedin.com/company-beta/18198957/

Join Rocket ICO Telegram channel – https://t.me/RocketICOenhttps://t.me/joinchat/AAJhLUMtLlCXhhMmS8aWNw

Join Rocket ICO on Slack at ­– https://join.slack.com/t/rocketico/shared_invite/MjI1MDUyNTcxNjgxLTE1MDI0NzQ3MjItMjk4ZWRkMjY1Yg

Media Contact

Contact Name: Dmitry Konopelko

Contact Email: [email protected]

Location: Minsk, Belarus

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

The Ethereum ecosystem processes thousands of transactions every single hour. One would not necessarily think most of these transactions are “handled” by one centralized entity. New research by cyber•Fund reveals a very different reality, though. According to their findings, 65% of all ETH transactions are seemingly generated by temporary addresses, all of which seemingly belong to the same entity.

Centralized Control of the Ethereum Ecosystem?

It sounds pretty strange that so many Ethereum transactions would be generated by temporary addresses. While this might be considered a good thing, its repercussions could also be disastrous for all we know. The findings by cyber•Fund paint a very interesting picture, although they also raise a lot of questions. The company analyzed all ETH transactions from the creation of the genesis block through September 15th.

During this period, nearly seven in ten Ethereum transactions passed through a temporary address. Although the company refers to those as “mixing” services, it remains to be seen if that’s actually what was going on. One peculiar aspect of these temporary addresses is how money typically comes in and goes out within 1 hour or less. After that time, these addresses are never used again. Disposable addresses are nothing new in the cryptocurrency world, although they aren’t necessarily associated with Ethereum in any big way.

About 95% of the temporary addresses discovered so far can all be traced back to one “service,” which is peculiar. This “service” interacts with a group of temporary addresses as well as permanent addresses. Incoming transactions to any of these Ethereum addresses are then outputted to the same entities, by the looks of things. Although it is hard to associate an individual or company with a specific destination address, it turns out quite a few “mixed” transactions give a strong indication as to where they are heading to.

While that piece of information is not necessarily worrisome, there are other findings as well. This “mixing service” processed four times as much money as the amount moving in and out of the shell addresses and “core service” together. This seems to explain why cyber•Fund refers to the service in question as a mixer. If the same amounts were mixed several times, it would explain the discrepancy in numbers. It’s an interesting observation, but then things get even more interesting.

Roughly 68.5% of all ETH transaction value during the observation period was broadcast over 10.7% of all network transactions. That means that 10.7 % of all transactions are potentially controlled by one centralized, unknown entity. However, this also means 68.5% of all transaction value is controlled by the same entity. It also appears this service successfully contributed to Ethereum transaction growth, which is pretty interesting. People most often attribute this growth to cryptocurrency ICOs, but that may not necessarily be the case.

Last but not least, cyber•Fund claims it found “sets” of addresses that get deactivated after use while a new batch is prepared. These findings are pretty interesting and show how there is far less unique value broadcast on the Ethereum network than most people would assume. It remains unclear why this is happening or who is providing the “service” in the first place. Nor does it appear to have had any negative effects on the Ethereum network itself, other than perhaps creating some blockchain bloat.

Governments will eventually ban cryptocurrencies: Jamie Dimon, again

Chinese cryptocurrency exchange ViaBTC has announced its plans to launch a trading platform based outside of China. The decision to establish an overseas-based platform follows announcements that the exchange will shut down operations in mainland China on September 30th.

Also Read:Chinese Bitcoin Exchange Executives Allegedly Must Remain in China 

ViaBTC Intends to Launch an Overseas-Based Bitcoin Exchange After Ceasing Chinese Operations on September 30th

Chinese cryptocurrency exchange ViaBTC has announced its intention to launch a trading platform based outside of China. The decision to establish an overseas-based platform follows announcements that the exchange will shut down operations in mainland China on September 30th.

ViaBTC has revealed plans to launch a cryptocurrency exchange platform outside of mainland China. The company estimates that one-third of its customers are based outside of China. ViaBTC’s chief executive, Yang Haipo, has expressed the company’s belief that expectation that “overseas users will continue to use the ViaBTC platform.”

Last week, ViaBTC issued an official statement revealing that the company would be “clos[ing]… for exchange business in mainland China on September 30th”. ViaBTC is a cryptocurrency technology company that launched in 2016. Initially, the company ran a mining pool and provided cloud mining services, before launching its exchange platform during May this year after having raised 20 million CNY ($2.9 million USD approximately) from Bitmain Technologies. ViaBTC previously stated its intention to first target China’s domestic cryptocurrency trading market before seeking to expand to target overseas customers.

ViaBTC Will Continue to Operate Its Mining Pool

ViaBTC intends to continue to operate its bitcoin mining pool, with Yang Haipo telling Chinese media that the company is “yet to receive notice that [it] need[s] to halt mining, so [mining] is operating as usual.” Despite recent speculation that China may seek to extend its cryptocurrency crackdown to target mining, several major figures within the cryptocurrency community have refuted the rumors. Litecoin creator, Charlie Lee issued a tweet stating that “a trusted sourse says there’s no truth to China banning [bitcoin] mining or network.” MGT Capital’s John McAfee has also refuted the validity of rumors pertaining to a crackdown on mining, citing a private discussion with Bitmain co-founder Jihan Wu as the basis for his assessment.

Yang Haipo has stated his belief that bitcoin and other cryptocurrencies will continue to be traded throughout China despite the crackdown, emphasizing the challenges associated with attempting to enforce a ban on bitcoin due to the fluidity of virtual currencies. “The bitcoin network is fully distributed, even if there is the [great firewall], users can easily bypass this using methods like VPN,” he said, referring to a virtual private network…as long as one [computer] in China is synchronized on the bitcoin network, every other computer will also obtain the information on the network.”

Do you expect that other Chinese cryptocurrency exchanges will seek to launch platforms outside of mainland China? Share your thoughts in the comments section below!

Images courtesy of Shutterstock, ViaBTC

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The post Afterschool Announces ICO, Set to Decentralize Platform using Blockchain appeared first on NEWSBTC.