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1  Economy / Economics / Japan’s Mitsubishi Bank Partners with Brazilian Banco Bradesco to Test RippleNet on: November 10, 2018, 06:20:53 PM
Largest Japanese Mitsubishi UFJ bank signs a memo of understanding with Brazilian banking giant to trial the Ripple platform for cross-border payments

On Friday, the MUFG Bank, the major banking division of Mitsubishi Financial Group (MUFG), publicly reported that it had signed a Memo of Understanding with one of the major Brazilian banks, Banco Bradesco. The goal is to join efforts in creating a new payment system based on the Ripple platform that would work between their countries.

Background of the partners

The MUFG Bank is the biggest player in Japan in this field. The parent company, MUFG, was founded nearly 400 years ago in Tokyo and is one of the major units of the Mitsubishi Group.

Its Brazilian partner in this deal, Banco Bradesco, was set up in the early 1940s and is based in Osasco, the São Paulo administrative area.

Both banks are going to trial RippleNet, the payment system designed to be used globally between banks for transactions.

Collaboration dates back to last century

The press release issued by MUFG states that the business connections between the Mitsubishi Bank and Bradesco were established as early as in 1973, when the Japanese partner made a large investment in the Brazilian bank. In 2017, this collaboration was renewed, and now the banks plan to extend it further.

The Ripple community on YouTube responded well to the news, showing a wave of enthusiasm.

Source: U Today
2  Alternate cryptocurrencies / Altcoin Discussion / EOS vs. Ethereum: The Bitter Rivalry Re-Examined on: November 10, 2018, 06:13:45 PM
EOS and Ethereum are continuously at loggerheads: here we attempt to deduce why

Ethereum and EOS just don’t seem to be on the same page and agree on most things crypto, apart from unanimously declaring that the Blockchain itself is our virtual future. Of late, there have been scandals and accusations, but where is this all coming from? Is there more that meets the eye? Turns out yes, there is.

A Bit of History

Ethereum was established in 2015 by the Russian-Canadian programmer Vitalik Buterin. The company very quickly ended up among the market leaders, becoming the second most valuable currency by market cap with around 22 billion USD. EOS got officially launched much more recently, only this year, but the company is already the fifth in the world by market cap with around 5 billion USD.

Importantly, one of EOS’s founders, Daniel Larimer (the other being Brendan Blumer of Block.one), already possessed a substantial amount of crypto experience as he had previously founded boSteame Steem Blockchain, along with its native coin of the same name, and Steemit, the corresponding social networking platform, back in 2016.

ERC-20 Tokens

What some may not remember is that EOS actually started out as an Ethereum Blockchain-based ERC-20 token company. Similarly to how, say, Electrify.Asia are conducting their business at present, EOS used Ethereum—having gathered around one billion USD from token sales—to gain the necessary momentum before they launched their very own EOS Blockchain.

This means two things. One is that Ethereum was used as a crypto springboard of a sort whose services were let go of when they became redundant. And two, Larimer and Blumer were savvy or even devious enough to use not the Steem Blockchain, ready at hand, but the more powerful one by Ethereum, though it belonged to a different camp. Today, EOS has both its own Blockchain platform / EOS altcoin and its own working EOSIO token with a similar purpose to ERC-20. So yes, it is possible that Ethereum views EOS as a younger neighbor from across the street who has now suddenly started playing on the same team with the big kids… and winning, too.

The Punches Being Thrown

While both networks are solid, both have their drawbacks of course. The EOS team has been fairly vocal in pointing out or at least hinting at Ethereum’s technological problems and problems-to-be. For instance, traffic congestion for Ethereum is not that unusual with some reports of longer confirmation times having been publicly voiced already. Another one of Ethereum’s problems, which is, in fact, the cause of the first one, is scalability: because of how the platform is modeled, expanding it is bound to create all sorts of jams and delays, and, crucially, not let the network grow properly beyond a certain point. This dilemma is said to be noticeably less pronounced on the EOS Blockchain because of how the latter one is built.

Also, unlike Ethereum that charges its participants fees in the form of “gas”, EOS charges its users nothing whatever. Instead, the network asks for some power and bandwidth in exchange, which are proportional to the resources required to undertake that particular action on the platform. This was also publicly noted by those who side with EOS.

It didn’t take much time for the Ethereum team to return the favor which culminated in a serious accusation this past summer from Ethereum’s DApp developers, among them Justo. Conveniently enough, this accusation also single-handedly explained why Ethereum’s network was getting congested and gas prices were jumping up and down:

“Myself, and many other high profile Ethereum application developers made a prediction that EOS would, in all likelihood, attempt to attack the Ethereum network gas prices to validate the launch of their platform.”

And further, after it had allegedly happened, in response to how one can be sure it was indeed EOS:

“EOS has been attacking the network on and off every time something they do doesn’t run properly… It started one month running up to the mainnet release. It was predictable and very clearly orchestrated… Follow the wallets. If you don’t think EOS is doing it, then who has 2 million dollars a day to attack Ethereum, and also owns EOS tokens?”

The Most Recent Scandal

Earlier this week, Ethereum went a step further and plainly accused EOS of not being a Blockchain company altogether, a claim of immodest proportions. A research study conducted by the Ethereum-funded company ConsenSys and its partner Whiteblock concluded that EOS had been built using a model which is profoundly different from the universal standards of today’s Blockchain technology. Whiteblock’s CTO (Chief Technology Officer), Zak Cole, who is also one of the published report’s authors, proclaimed:

“EOS token and RAM market is essentially a cloud service where the network provides promises for computational resources in a black box for users to access via credits. There is no mechanism for accountability due to the lack of transparency on what block producers are able to create in terms of computational power.”

Epilogue


The rivalry now seems like the result of bad blood right from the very beginning. Predicting what is going to happen next is difficult, but most likely things are only going to get more wound up. The market is ultra competitive and billions of dollars are up for grabs. On the plus side, perhaps a by-product of this rather nasty exchange will bring the users better and cheaper technology; after all, as the late Henry Ford once said, “competition is the keen cutting edge of business, always shaving away at costs”.
Earlier this week, Ethereum went a step further and plainly accused EOS of not being a Blockchain company altogether, a claim of immodest proportions. A research study conducted by the Ethereum-funded company ConsenSys and its partner Whiteblock concluded that EOS had been built using a model which is profoundly different from the universal standards of today’s Blockchain technology. Whiteblock’s CTO (Chief Technology Officer), Zak Cole, who is also one of the published report’s authors, proclaimed:

“EOS token and RAM market is essentially a cloud service where the network provides promises for computational resources in a black box for users to access via credits. There is no mechanism for accountability due to the lack of transparency on what block producers are able to create in terms of computational power.”

This has resulted in a heated discussion on Reddit with many users taking a stand in support of either of the two companies.

Source: U Today
3  Economy / Service Discussion / Re: where to buy bitcoin ? on: October 27, 2018, 03:07:27 PM
See of you have any region problem then use localbitcoins as there you will get your native people and you will be able to pay with your desired payment method. Yes you can use different foreign good exchanger but they usually accept Paypal or Mastercard
4  Bitcoin / Legal / Re: Bitcoin in Bangladesh on: October 27, 2018, 03:06:15 PM
No. Still, it's not legal in Bangladesh as a few days back our governor said they will hold a meeting for this and then they will tale proper decision.
5  Local / Marketplace (India) / Re: From Bangladesh, want to buy Bitcoin! HELP ME on: October 27, 2018, 02:59:25 PM
I'm also from Bangladesh so my biggest and trustworthy suggestion is to use xcoins as they support your above mentioned payment method even you can or you can simply use localbitcoins as it's much more reliable.
6  Economy / Services / Re: [WEB PANEL] 24/7 AUTOMATIC SMS VERIFICATIONS! STARTS FROM $0.50/VERIFICATION on: October 27, 2018, 02:46:17 PM
Just a heads up, I tried live chat contact but unfortunately, it redirected to the registration page so can you please fix this issue and then let us know. Thanks
7  Other / Beginners & Help / Re: Books to help you learn about bitcoin. on: October 27, 2018, 08:26:12 AM
Blockchain revolution is absolutely a good book for all sorts of investor or trader but past night I was going to download then it went to amazon and showed me around 20 usd so can anyone upload the book here?
8  Other / Beginners & Help / Re: Help me find the BEST CRYPTO Provider on: October 27, 2018, 07:38:54 AM
The best and reliable thing is to use your own witnesses as robot or signal are made by software so they don't have any emotion so they can't take any concrete decesion but yes they can help a bit not fully.
9  Other / Beginners & Help / Re: wondering about the Merit on: October 27, 2018, 07:36:18 AM
Hnm. Bitcointalk new policy is really hard that to get junior membership level we must have to have merit otherwise we will stay in newbie always even same here for me as I became junior but I'm newbie..really frustrate...
10  Other / Beginners & Help / Re: ICO automatic address creation, how is it done? on: October 27, 2018, 07:33:21 AM
Oh. It's new thing to me as I never ever heard about this so if you can then write much more details..thanks
11  Economy / Services / Re: Looking for Airdrop Manager on: October 26, 2018, 06:10:34 PM
You should better go to any reputable freelancing site where you will get expert manager as well as if they fail to work then they have to refund your money as well as site owner will handle everything...
12  Bitcoin / Project Development / Re: Free Press for your ICO/Project - CoinScribble on: October 26, 2018, 06:06:37 PM
I'm interest so will knock you in telegram very soon but just one question is it still available as may be I'm a bit late here...
13  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I need some Altcoin to hold longterm :D on: October 26, 2018, 05:46:24 PM
Sorry. I have been scammed for a couple if time so I won't go to any icos. Now I believe that major cryptocurrency are good good and trustworthy so which is why I decide to take bitcoin ETH or xrp for all the time.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you still believe in ETH ? on: October 26, 2018, 05:44:05 PM
Why not. It's world's second largest cryptocurrency even many ico company's are using their platform so why not to believe it.
15  Bitcoin / Bitcoin Discussion / Re: Social Media to Crypto on: October 26, 2018, 05:33:51 PM
Social media always have great impact for all sorts of industry including cryptocurrency even recent days people are much more addicted in social media like Facebook Twitter and so on so it's true that social media can do any big things for crypto industry.
16  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin become currency a new State? on: October 26, 2018, 04:07:44 PM
I think it won't take place for currency where mostly use it only for virtual purposes even govt won't support this as it will vanish fiat currency so bitcoin will stay like right situation.
17  Economy / Exchanges / Re: Circle and Coinbase are partnering to improve the stablecoin concept on: October 26, 2018, 03:38:57 PM
I just know about this so I can't tell you more right now but what I can understand that it's definitely a good thinking so hope all will be fit.
18  Bitcoin / Bitcoin Discussion / Re: Bitcoin will be stronger this time on: October 26, 2018, 03:33:18 PM
Yes. BTC will be stronger but seems to me that it will high from Jan 2019 as next is Dec closing so all banks will go up for that usd will remain positive mood and then crypto part.
19  Bitcoin / Bitcoin Discussion / Re: goodbye fiat and USD. on: October 26, 2018, 03:28:13 PM
No. Fiat and usd will remain forever since its under government so govt won't vanish which is why usd won't vanish. I think both will remain forever.
20  Bitcoin / Hardware wallets / Re: Do you use hardware wallet? on: October 26, 2018, 03:22:26 PM
Nope. I just use online website where I think it's much more secure.
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