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NeuroChain Expands and Delivers

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With the scheduled release date of the main NeuroNet is just around the corner, NeuroChain is progressing considerably by forming key partnerships and expanding their global presence. NeuroChain is led by Frédéric Goujon, CEO, and Dr. Billal Chouli, CTO, and is supported by a team of dedicated advisors and industry experts who are working to develop the NeuroChain protocol and prepare for its imminent launch. The NeuroChain headquarters, located on Avenue des Champs-Élysées in Paris, France, is at the forefront of the next generation of the blockchain. Apparent issues with the current state of the blockchain have prompted the innovation of the NeuroChain protocol.

“The current generation of blockchain still has three major issues,” Bruno Delahaye, the company’s Chief Growth Officer, explains in an interview. The current blockchain consumes too much energy, takes too long to validate transactions, and has limited agility or scalability. “It’s now time to come out with a new generation” Delahaye continues “by integrating artificial intelligence and machine learning to recreate the way blockchain is deployed and implemented.” The NeuroChain protocol will consume less energy, validate transactions nearly instantaneously, and be scalable to work across world-wide systems.

The Current Market Situation

It is a well-known fact that the crypto market is filled with uncertainty and volatility. The sudden 65% drop in the price of Ethereum two weeks ago has investors scrambling for answers. However, the current downward trend in token prices is not necessarily a negative sign, Delahaye points out. The price drop is the way that the market naturally cleanses itself from undisciplined companies and companies that do not present value to investors. Companies who have inappropriately dispensed ICO funds will suffer, while companies who have demonstrated financial discipline will persevere through this temporary downturn.

NeuroChain’s Chief Financial Officer, Guillaume Bailly, has taken a disciplined, strategic approach since the beginning. NeuroChain’s current financial model accounts for market volatility, and the company is still on track to deliver value to its clients. In accordance with the company’s whitepaper, which lays out a clear, achievable roadmap, NeuroChain plans to release the first test net in October to power initial business applications. The NeuroNet is still planned in January 2019. Furthermore, NeuroChain’s ongoing business development efforts have resulted in two new partnerships.

Tai Cloud Corporation

Tai Cloud Corporation Technology Co. Ltd. is a major Chinese-based organization promoting the blockchain throughout Asia and Africa, and it has strong relationships with municipal governments throughout the People’s Republic of China. Since the overall power and utility of the NeuroChain protocol is derived from the large number of nodes connected to the system, partnering with Tai Cloud Corp. is a strategic move aimed at expanding NeuroChain’s presence in Asia. The chairman of Tai Cloud Corporation, Mr. Deng, who was also the head of the China Blockchain delegation in DAVOS 2018, stated:

Blockchain can bring the most urgently needed information infrastructure and industrial transformation to upgrade the Chinese economy. The biggest application area of blockchain in China is to rebuild trust and traceability with smart applications. They can greatly reduce transaction costs, improve the efficiency of business operations, and enable Chinese-made brands to access world markets. The Cooperation with NeuroChain will expand the standards and the nodes available to scale faster.

There is currently a lack of supply chain transparency affecting China and throughout the world. Suppliers are falsifying the origin of products to mark up the price. By simply changing out the tags and claiming that the product was imported from a more prestigious location, retailers double the cost of fraudulent goods. The end consumer is often fooled and has no way of authenticating the product’s origin. Tai Cloud Corp. has developed blockchain use cases to address the supply chain traceability issue. NeuroChain will team with Tai Cloud Corp. to make these use cases a reality.

One of the problems with the current blockchain is that it is not scalable and is unable to easily interact with different blockchain protocols. Since Tai Cloud Corp. does not run on the same blockchain protocol as NeuroChain, the NeuroChain protocol will be interoperable and able to work with other protocols. By combining data from several different blockchains, the NeuroChain protocol will be able to validate data with greater certainty than the Ethereum protocol.

Morpheus Labs

Morpheus Labs is a full stack Blockchain-Platform-as-a-Service (BPaaS) for enterprises and will allow NeuroChain to be quickly deployed at the heart of their clients’ systems. Morpheus Labs provides blockchain platforms to businesses and offers blockchain applications to be applied to their client’s systems. As a result, NeuroChain will be able to offer its NeuroNet in the marketplace following its launch in January. Additionally, companies will be able to easily prototype NeuroChain-based applications to validate use cases.

Morpheus Labs Director and Co-Founder, Mr. Branson Lee, stated:

“With the adoption of NeuroChain, we are building highly scalable blockchain platforms and applications to support the entire ecosystem in blockchain era, to resolve complex real-world issues while serving enterprises and government sectors across regions.”

The NeuroChain protocol is scalable, Delahaye explains, Morpheus Labs will quickly deploy the NeuroChain protocol and enable the protocol to scale between businesses. This will ultimately create a competitive advantage as NeuroChain will be one of the first blockchains to facilitate business-to-business systems.

Worldwide Expansion

Despite the volatile market, it is evident that the NeuroChain team is on track – forming strategic partnerships, and expanding its influence to Asia. The alliance with Tai Cloud Corp. secures NeuroChain’s expansion into Asia and Africa and demonstrates the interoperability of the NeuroNet. By partnering with Morpheus Labs, NeuroChain will be easily deployable in business systems.  NeuroChain is projected to launch the test-net in October 2018, followed by the main NeuroNet in January 2019.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 53 rated postsKent Hamilton - Co-Founder of CryptoDayTrader.io, where we are building Pro Crypto Tools




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Tron Price Analysis: Fundamentals are Stronger than Ever; TRX Bulls Staging Comeback

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  • Tron network has breached over 100 million transactions, as reported by Justin Sun.
  • Zero transaction fees are anticipated on the Tron ecosystem, by Friday 21st

TRX/USD has remained generally soft since the 29th November. The price has been cooling and ranging since its spike higher at the back end of November. TRX is remaining well supported within a near-term acting demand zone. This has been in action since 20th November, providing necessary comfort, to prevent a free-fall below the 1 cent mark.

Despite this described technical behavior, the fundamentals surrounding the Tron foundation remain very strong indeed, as the founder Justin Sun likes to keep the community up to date with all the latest via his Twitter feed. There seemingly being much promise surrounding Tron’s daily activity and transactions.

Tron Hit 100 Million Transactions

Sun, took to his Twitter account today, to announce that it had recorded 100 million transactions. He said, “TRON has reached 100 million transactions today.” Sun provided a screenshot of the Tron platform, which showed the number of transactions had in fact breached the 100 million mark.

100 million transactions

Over 2 Million Daily Transactions

Previously, he had boasted how the Tron network continues to breach records with its daily transactions, tecently having well and truly smashed through the 2 million mark. One community member, which Justin Sun retweeted, provided a comparison of Tron’s daily transactions, versus its peers: “TRON’s new record of 2,64 million daily transactions in comparison w/ the Top 5; 9.6 times more than Bitcoin’s 275k, 4.6 x Ethereum’s 567k, 4.1 x Ripple’s 633k, 188 x Tether’s 14k, and 264 x Stellar’s 10k.”

Zero Transaction Fees Coming Soon

Elsewhere, Justin Sun had posted something via the Tron community on his Twitter. This detailed, “The transaction fee of TRXMarket has dropped to 0.1% at 07:00(UTC) on Dec 14th! And 0 transaction fee will be realized by next Friday.” Given this, the ecosystem may see zero transaction fees by Friday 21st December.

Technical Review – TRX/USD

TRX/USD daily chart

Looking to the upside, should the bulls maintain this current course of momentum, TRX/USD could be in for decent gain. Firstly, resistance in a prior acting demand zone must be broken down for greater moves north. This can be seen tracking from $0.01600 up to $0.01800. As mentioned, this area had previously been supporting TRX/USD from August right up until November. Given the length of acting demand, it may prove a challenge breaking down.

TRX/BTC daily chart

Lastly, TRX/BTC is heading towards an extremely critical and game-changing zone. An area where the price faltered in August and October. As can be observed via the daily chart view, there appears to be some chunky sellers camped here. As a result, on each occasion, this region sent the price free-falling back down to the south. A clearance above will see a large renewed wave of buying pressure come back into play.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 87 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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Litecoin Price Analysis: LTC/USD E­­­njoys Double-Digit Gains as Lightening Network Seen Imminent

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  • Litecoin has run higher by 20% over the past three sessions.
  • The community of Litecoin is very much excited about the upcoming activation of the Litecoin Lightening Network.

The Litecoin price is currently enjoying a bull run, running at its third consecutive session in the green. LTC/USD having gained a whopping 20% to the upside after producing another bottom area around the $22 territory.

Prior to this push higher being observed, LTC/USD had been moving within a tight range, after bottoming on 7th December. It initially appeared to be subject to another extended move to the downside, given the formed range-block.

Litecoin bulls still need to breakout from this mentioned formation. The low as detailed above is seen down at $22. The upper part of the range can be observed up within the $27 territory. To avoid another bear attack near-term, this must be breached.

Litecoin Lightning Network Imminent

Earlier this week, cryptocurrency exchange, CoinGate, did announce via witter that the Litecoin Lightning Network is now ready for its deployment. CoinGate also put itself up for hosting for the activation to take place on their platform. The exchange tweeted: “Litecoin community, we bear some exciting news! Our Litecoin LightningNetwork is ready to be deployed and will soon be live on CoinGate! Keep up with the news as we’re getting closer!”

The Litecoin founder, Charlie Lee, responded: “Even Litecoin will soon have more than 1000 merchants accepting LN payments! Thanks CoinGatecom!” Lee recently spoke about the Lightning Network, where he detailed how it is a second-layer solution for payments that go through Bitcoin and Litecoin.

Technical Review – LTC/USD

LTC/USD daily chart

As touched on earlier, the key for greater upside is to see a break out from the mentioned range-block. The bulls must storm through the $27 territory. However, not long after there is another barrier in the way. LTC/USD, between the 25th November and the 5th December, was in a prior range-block. The bottom for this was seen around $27 up to $29, which was a very short-term demand area. A push above this zone should pave way for a fast return back towards $50.

LTC/BTC Daily Chart Review

LTC/BTC daily chart

In the latest run to the upside for Litecoin, it has moved to its highest levels seen since 1st December. There is a key near-term barrier being eyed around current levels. A descending trend line running from the start of August is observed. The bulls must force a daily close above this resistance to see a further wave of buying pressure.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 87 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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Monero Price Analysis: Wider Adoption Seen as Bity Adds XMR Support to Their ATM Network

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  • Swiss-based cryptocurrency organization, Bity, has added their support for XMR for use at ATM terminals.
  • XMR/USD trading up on Friday, with gains of over 3% at the time of writing. Despite this, weekly chart view still points to the downside.

XMR/USD is trading in positive territory on Friday, having gained over 3% during the session. This leaves some optimism heading into the weekend, which is normally characterized by lower trading volumes. Trading over the past eight sessions now has been very much choppy, signaling a lack of direction in the underlying market. Any short-term bull runs observed have quickly been sold by the bears, consistently.  The price is trading around the lowest levels since August 2017 and is down over 90% from the start of 2018. Despite the minor relief upside Friday, there still appears to be room for downside in the short term. Once again, price action is largely dictated by technical factors as opposed to fundamental.

Wider XMR Adoption Following Bity Support

Bitly, a Swiss-based cryptocurrency organization, has announced their support for Monero (XMR). They are a cryptocurrency exchange, in addition to operating a network of cryptocurrency ATMs. Their users can instantly and securely transact bitcoin in addition to buying ETH and now XMR with Swiss Francs and Euro. This can be done at physical terminals in Switzerland. Bitly has additional kiosks in Zurich, Zug, Winterthur, Basel, and Lausanne. They note that more locations and additional token support are coming soon.

Technical Review – XMR/USD

XMR/USD 4-hour chart

Price action over the past seven sessions now has been forming a range-block, moving within consolidation mode. This has come after some stabilization, following the chunky sell-off from November through to early December. The current price behavior can also be perceived when looking technically, as a potential bearish flag pattern formation. If playing out to the textbook, another extended move to the downside will be seen.

Downside Targets

XMR/USD weekly chart

The near-term bottom can be eyed at $41.00, which is the floor of the most recent range. A failure of this holding will likely see another wave of selling pressure. Looking further to the downside, the next eyed support is seen at $38.45, which was a key weekly level in July 2017. Lastly, any breach here would invite a drop below the $30.00 mark toward the weekly support at $29.00. This would be the lowest level hit since July 2017, when XMR/USD was in the early stages of the big bull run.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 87 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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