Cryptocurrency

Alliance takes to the Waves and Tron to the top weekly cryptocurrencies with an increase of up to 100%

During the week from 8 to 14 August, the market shows a large amount of cryptocurrencies with prices down. Even so, about half of the altcoins were hikes varied, which exceeded 100%. Highlight the progress of waves (WAVES) and tron (TRX), then you establish a partnership for joint developments.

The top of the cryptocurrencies most appreciated of the week is complete with tezos (XTZ), beam (BEAM) and lisk (LSK). The first creates a new channel for payments, while the beam launches test version of your portfolio and lisk develops new system of identification.

The price of bitcoin, for its part, continued to rise during the week on the rise, with a growth of 1.5%. The criptomoneda reached $ 12,000 on the 10th of August, although the next day fell to a minimum of USD 11.200, according to Live Coin Watch. According to the reports of the firm analysis of market Skew, the coupling between BTC and gold reached a new top monthly to 68.9 percent, a historical figure that evidence movements sets the price of both assets.

Ether also maintains its growth. The weekly advance exceeds 15%. The price began to rise markedly on the 13th day, and reached a peak of USD 442 this August 14. On these same dates, the commissions for transactions in the network of Ethereum reached an historical high of more than $ 7. The increase is attributed to the fever of the platforms of finances decentralized (DeFi).

Other cryptocurrencies relevant market recorded falls. Ethereum classic (ETC) has a 1% less, litecoin (LTC) falls by 1.4%. Only XRP from Ripple presents an appreciation of 2.3%.

Waves is associated with Tron to boost interoperability and functions DeFi

The average growth of the price of the currency of Waves this week, more than 100%, which places the criptomoneda in the first place of the top. All this, in the midst of the dissemination of information on their association with The Foundation Tron. The idea is to connect the languages of contracts intelligent of their respective blockchains, through the protocol Gravity.

Gravity Hub is a set of tools released by Waves to the end of 2019 to facilitate interoperability between blockchains. Therefore, the objective of the association with Tron is to establish a network of communication between chains and drive-related functions Defined in both ecosystems. “Gravity, as an oracle agnostic blockchain and token, with a communication network between the chains, will support two languages-of-contract smartphone: Ride (Waves) and Solidity (Tron),” notes the press release published on the 13th of August.

On that same date, WAVES and Tron (TRX) began to climb steeply. WAVES reached its maximum value, this 14 of August (USD 3,99). The price soared higher, after announcing another partnership with the aggregator DEX, 1inch, to allow transfers between Ethereum and Waves. At the time of this writing, the market capitalization of WAVES is of USD 354 million and the volume of daily trade is estimated at USD 68 million.

This week, a partnership was established between the Waves and the Foundation Tron. Source: Live Coin Watch

Tezos will create a new channel of payment for private transactions

The ecosystem of Tezos is currently driving innovations to protect the privacy of the users. On this topic they were discussing the CEO and co-founder of Bolt Labs, Ayo Akinyele, and the co-founder of Zcash, Ian Miers. Both participated in the most recent weekly session of TQuorum.

In the meeting held on 12 August were the plans of Bolt Labs to implement the protocol zkChannels in Tezos. The idea is to offer a new payment channel outside of the chain so that the transactions are carried out without the transfer of personal information. Meanwhile, the price of XTZ began to advance from the August 11, growing 29.9% in these seven days. The criptomoneda reached a maximum 4,39 dollars

The Foundation Tezos also joined the Association OpenVASP to support the creation of a protocol that will facilitate sharing with third parties data of the users of cryptocurrencies, according to guidelines of the FATF. Something that could contradict the intention of protect the privacy of the users.

According to Tezos, with zkChannels will be built also a bridge between chains to connect with Zcash or Bitcoin. To date, the market capitalization of XTZ is about USD $ 2.826 million and its daily trading reached $ 231 million.

The protocol zkChannels will be implemented in Tezos to ensure private transactions. Source: Live Coin Watch.

Criptomoneda of Tron will be available in the blockchain of Waves

The criptomoneda of Tron has registered a growth of 29% in these seven days. The value of TRX, just like the Waves, went up significantly from the 13 of August, when it spread the information of the association between the two ecosystems.

On this topic, the Foundation Tron published a tweet announcing plans to link the services and solutions DeFi of the two communities. In its press release, the organization points out that both TRX as tokens TRC-20 of Tron will be available in the blockchain of Waves through gateways decentralized. Also, the tokens of the ecosystem Waves will be available on Tron.

From these pieces of information, Tron came to a maximum of USD 0,0254 this August 14. “Working with Waves, means to accelerate the mass adoption of blockchain through the development of joint services,” said the founder of Tron, Justin Sun. The market capitalization of TRX was $ 1.798 million and the volume of daily trading is USD 494 million.

Tron is expected to accelerate the adoption of blockchain to offer joint services with the Waves. Source: Live Coin Watch.

Beam launches new services portfolio in your test network

This week the team Beam has been spreading information around the launch of two new products in its testnet: portfolio web Beam (launched as Chrome extension) and a service portfolio without custody.

Both products are included in the trial version of Beam Web Wallet 1.0, and are compatible with the protocol Eager Electron 5.1 that is currently developed, as explained in a note on the corporate blog. Shortly after the announcement, the price of the criptomoneda began to rise in the market, reaching a peak of USD 0,602 on 9 August. The average improvement of BEAM in seven days was 28%.

Beam is a criptomoneda focused on the privacy, based on the protocol MimbleWimble. Therefore, the information emphasizes that the new version ensures the privacy of transactions. The market capitalization at the time of this writing is nearly us $ 38 billion and the trade in the last 24 hours has been of USD 8 million.

This week we launched the trial version of Beam Web Wallet 1.0. Source: Live Coin Watch.

Prepare new system of identification on the platform of Lisk

The price of LSK changed in these past few days between $ 1,38 and a maximum of 1.83 dollars, so their growth was a little more than 23%. In a tweet published this August 14, the team behind the criptomoneda announced a new system of identification introduced in Lisk, with the purpose of enhancing the security of the platform.

The idea is that once you enter the new system addresses, users to set up a new address Lisk in the format Base32 (a set of 32 digits, each of which represents 5 bits). Meanwhile, from the 13 of August the price of LSK recorded a rise in continuous, which is held until this Friday 14.

With the new system of identification, Lisk aims to overcome some shortcomings detected in the format of the addresses original. For the time of this report, the market capitalization of LSK was USD 357 million this week and its daily trade of USD 241,7 million.

Lisk seeks to boost the security of your platform. Source: Live Coin Watch.

About the author

Belinda Carey

Belinda Carey

A finance girl by education, Belinda has been drawn to cryptocurrencies ever since Bitcoin first emerged in the 2009. Nearly a decade later, Belinda is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.

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