Ethereum, TON & Cardano - Cryptoland News (09/24/2019)
Ethereum, TON & Cardano - Cryptoland News (09/24/2019)

By Cryptolohy | cryptolohy101 | 24 Sep 2019

$0.97 tipped


This is a new section we would update (probably) daily, in which we would give you the most interesting news on cryptoland that we could find, in a direct, concise, fun and to-the-point manner. Let's Go

 

Ethereum's fixer project got some fiat

What?

Blockchain development startup called Matter Labs got 2 million USD from various investors interested in fixing the crypto-traffic jam that is the Ethereum Mainnet.

 

How?

Matter Labs is heavily betting on the possibilities that a new type of cryptography called Zero-Knowledge Proofs (ZKPs) is offering to make transactions faster and "predictably cheaper"

 

What's the result so far?

They have a prototype so far, and in the coming months, they are planning on to have a minimum viable product.

 

Just in time for the bull run!

(If everything goes e-x-a-c-t-l-y as planned without bugs/exploits/hacks the first try) :)

SOURCE

 

 

Cardano's getting ready to get ready (are you ready?)

What?

'Plutus' has been launched this 20th of September, Plutus is the latest smart contract for use on the Cardano Blockchain

 

How?

Plutus is built with a more precise language that includes less code than, for instance, Java, which makes the creation of smart contracts easier.

 

What's the result so far?

The Cardano team has sponsored an event in which it showcases its new smart contract language to five hundred developers.

SOURCE 

 

New Telegram sent to cryptoland, it says "It's Fast"

What?

The scheduled date for the launch of TON (Telegram's Open Network) is getting nearer. It will launch on the 31st of October, 2019.

 

How?

Source Code and instructions to implement a Node had been released, according to some developers who had access to the system had said that the blockchain is "very fast"

 

“It has around [a] five-second master chain block time [confirmation], and an average of about two to three seconds on the work chain,”

 

What's the result so far?

So far we have:

 

  • The source code (450,000 lines of code)
  • A new whitepaper
  • A lot of pages of documentation
  • Detailed technical guides to the TON Blockchain and the TON Virtual Machine
  • A guide to Fift, a programming language created for TON

 

So it seems that Vitalik now has some solid(ity) competition.

What would happen when the app that has 95% of all cryptoland inhabitants becomes part of cryptoland? Let's see.

31 of October, put it on your calendar.

SOURCE


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