Zcash integration in Ethereumn – Josh Swihart, VP of marketing and business development at Electric Coin Company (ECC), told the Devcon conference that in the next six months, the Zcash community will develop a ZEC token that can be used on the Ethereum blockchain.
The project is developed in collaboration with the Cross-Chain Working Group, founded by Prestwich. The group is currently working on a system that allows the use of Bitcoin on the Ethereum blockchain. However, Swihart warned that the project will require several years of development, especially in the context of the expected changes for Ethereum.
Integrating Zcash into Ethereum would increase the use of private cryptocurrencies, especially as trading activity has slowed lately.
Bitcoin will eliminate dictators and unify the world
Investor Tim Draper said he expects Bitcoin (BTC) – combined with other technologies – to change how governments operate around the world.
In a post on October 10, Draper calls Bitcoin the “starting currency” and praises its decentralization features and lack of borders:
“With Bitcoin and the decentralization that comes with Bitcoin, geographic boundaries have become less relevant. We are no longer at the mercy of dictators and trolls for the growth of the world economy. […] In the long term, I think that in terms of business and economy, we are more than ever a single world. “
Draper concludes:
“Bitcoin has brought some fundamental technologies that can accelerate our transformation from a tribal planet to a global one.”
No one knows how used Petro is
The cryptocurrency based on oil launched by Venezuela has a very unclear status at the moment, although it has been promoted as an alternative method of payment at international level. President Maduro recently claimed that 260 new trade agreements have been signed between Russia and Venezuela, but there is no evidence that Petro is being used as a means of payment for this international trade.
The only confirmation of use is in the Government’s Food Supply Program, which deals with the purchase of food from abroad. Apparently, this program uses Petro in some international transactions, but there is no public evidence of these transactions.
Currently, there are 61,402 blocks on the Petro explorer, about one every 9 minutes since it was launched in October last year. The browser does not allow viewing the number of transactions or browsing the blockchain.
According to Russian sources, Venezuelans use cryptocurrencies in their daily lives and estimate that Petro represents 5% of total transactions. However, there is no concrete evidence in this regard.
The Boston Securities and Token Exchange is seeking SEC approval for a blockchain stock exchange platform
The BSTX stock exchange, owned by tZERO, has applied for SEC approval to launch a blockchain platform for security tokens.
Boston Securities and Token Exchange (BSTX) wants to create an automated stock trading platform, with ownership records stored on the ethereum blockchain.
Unlike the tZERO platform, which manages security tokens that do not require SEC registration, BSTX would list registered security tokens.
Tokens should also comply with the ERC-20 standard – with additional security measures representing three different smart contracts for property tracking, whitelisted addresses and regulatory compliance.
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