Stellar Co-founder Brands 90% of Crypto Projects ‘B.S.’

Most financial institutions will not use Bitcoin (BTC), payment network Stellar’s co-founder and CTO Jed McCaleb stated in an interview with Yahoo Finance Dec. 31.

Speaking to the online news outlet, McCaleb — who is also known as one of the founding fathers of defunct Japanese Bitcoin exchange Mt. Gox, as well as the co-founder of Ripple — made an argument in favor of the use of permissionless, open blockchains in finance. He told reporters bluntly:

“It doesn’t need to be the bitcoin blockchain, but if it’s not a public chain, then you’re missing the point.”

McCaleb also levelled criticism at cryptocurrency projects that were not Bitcoin, Ethereum or his own Stellar.

“Ninety percent of these projects are B.S. I’m looking forward to that changing,” he said when asked about the outlook for the cryptocurrency industry in 2019, continuing:

“Things like Tron, it’s just garbage. But people dump tons of money into it, these things that just do not technically work.”

Billed as an alternative token development platform to Ethereum, TRON (TRX) has upped its publicity efforts this year, with CEO Justin Sun regularly lambasting the Ethereum network over its alleged shortcomings.

Celebrations of TRON accruing its one millionth user account this month were likewise met with skepticism.

For McCaleb, however, no single cryptocurrency network or associated token forms an all-encompassing solution — including Stellar and its in-house coin, Lumens (XLM).

“There are some things bitcoin is good at, some things Ethereum is good at, and some things Stellar is good at,” he said, adding:

“And none of them can do all the things well. That’s just not how software works.”

Going forward, McCaleb was bullish, rejecting the idea that 2018 represented a bear market in crypto and instead describing it as “calming down.”

Stellar partnered with cryptocurrency wallet provider Blockchain.com last month to expand the circulation and uptake of XLM with a massive $125 million airdrop to users.

Article First Published here

IBM Joins Decentralized ‘Yellow Pages’ for Blockchain Projects

IBM has joined a decentralized cross-blockchain registry initiative which it states is a Yellow Pages analogue for blockchain projects, according to an announcement September 13.

The initiative called Unbounded Registry will be led by blockchain startup HACERA, and is designed to provide “a decentralized means to register, look up, join and transact across a variety of blockchain solutions, built to interoperate with all of today’s distributed ledger technologies.”

The project will reportedly address major issues in the field, including reserved naming for blockchain projects, the discoverability of blockchain networks and applications, and a catalogue of domain-specific functions and services.

Other members of the registry include Intel, Chinese tech giant Huawei, Batavia, Hitachi, and the Australian Blockchain Association.

IBM is known for its openness to the study and application of blockchain technology across various fields. Earlier this month, the tech giant revealed a Stellar-based “near-real-time” blockchain payment network called Blockchain World Wire (BWW). The solution is developed to facilitate international settlements between banks.

In August, IBM and Danish transport and logistics giant Maersk jointly launched their global blockchain-enabled shipping solution. The platform is reportedly able to track critical data about each shipment in a supply chain in real time, generating a distributed, immutable record on the fly.

In June, IBM iX, the business and tech consulting wing of IBM, in partnership with software supplier Mediaocean, launched a blockchain-powered tracker for digital media transactions to “clean things up” in the media buying industry.

Article First Published here

China Releases Ranking of 31 Crypto Projects

Finance

China’s Center for Information Industry Development has released its third ranking of crypto projects. Out of 31 projects, EOS remains at the top of the list while both Bitcoin and Bitcoin Cash have improved slightly from the previous month.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Third Ranking

China Releases Ranking of 31 Crypto ProjectsThe Center for Information Industry Development (CCID), under China’s Ministry of Industry and Information Technology, officially released its third crypto project ranking last week. The new list consists of 31 crypto projects.

The center began ranking 28 crypto projects in May. The following month it added 2 more projects: EOS and Nebulas. This month, one more is added, making a total of 31 crypto projects on the list. Gxchain is the latest addition.

China Releases Ranking of 31 Crypto ProjectsFor the latest ranking, EOS remains at the top of the list, followed by Ethereum, just like the previous month. Similarly, NEM stays at the bottom of the list. Bitcoin has moved up from the 17th place to the 16th place while Bitcoin Cash from the 28th place to the 25th place.

Debuting in fourth place, Gxchain, is a “blockchain-based decentralized data exchange” built on a stable, Yuan-linked cryptocurrency, its whitepaper describes. It is designed as a “bridge between data sources released on different platforms,” according to its website.

China Releases Ranking of 31 Crypto Projects
CCID’s ranking of 31 crypto projects.

Ranking Methodology

CCID’s ranking is based on a “comprehensive investigation and evaluation of the public chain from three aspects: basic technology, application and innovation,” according to China Electronics News Agency (Cena), the media agency headed by the Ministry of Industry and Information Technology.

China Releases Ranking of 31 Crypto Projects“The basic technology [aspect] mainly assesses the technical level of the current public chain, including evaluation of functions, performance, security and decentralization,” the media agency detailed. “In terms of basic technical sub-indicators, EOS scored the highest.”

“The application [aspect] mainly examines the comprehensive ability of the public chain to support practical applications, including node deployment, wallet application, development support and application implementation,” Cena described. Ethereum was the CCID’s pick for this aspect.

“The innovation assessment focuses on continuous innovation in public chain open source code, including the number of contributors, code updates, and code impact,” the publication wrote, adding:

Bitcoin ranked first in terms of its global influence and high innovation activity.

What do you think of this CCID ranking? Let us know in the comments section below.


Images courtesy of Shutterstock and CCID.


Need to calculate your bitcoin holdings? Check our tools section.

Article First Published here