edge Archives -
Stock indexes are trending mostly higher in morning trading Thursday, shaking off early weakness. Energy and industrial companies climbed, offsetting losses in technology and healthcare stocks. The price of crude oil rose.
KEEPING SCORE: The S&P 500 index rose 1 point to 2,723 as of 10:14 a.m….
U.S. stock indexes edged up in early trading Wednesday, with Macy’s leading a retail-sector rally. Food and beverage stocks and other consumer goods companies also posted gains. Energy stocks lagged as crude oil prices declined. Bond prices were little changed.
KEEPING SCORE: The Standard & Poor’s…
Big profit reports from several banks Friday reminded markets that already healthy earnings for U.S. companies are climbing even higher, and the Standard & Poor’s 500 index rose to put itself on track to close out its best week in a month and a half.
Stocks around the world also climbed Friday,…
Stocks are opening mostly lower on Wall Street as losses in technology companies and retailers offset gains elsewhere in the market.
Apple fell 1.3% and chipmaker Intel lost 2.4% early Wednesday. Amazon slumped 4.1%.
Bank of America and Merck each rose 1%. Facebook, which has been pummeled in recent…
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How Blockchain can Solve Problems for Online Gambling Sites?
What are Blockchain Casinos and How Do They Work?
Blockchain casinos are becoming increasingly popular on the internet and, if you’ve just discovered the term, here’s a quick crash course in what blockchains are and how blockchain casinos work. The first thing that you need to understand, is what blockchains actually are. Essentially, a blockchain is a digital ledger that is used to record online transactions that use cryptocurrencies. The transactions are recorded sequentially and are available publicly.
Taking this principle and process a step further, we can apply them to online casino gambling. This gives you the emergence of so-called blockchain casinos, which essentially applies blockchain technology to online gambling. The result of this is that it gives online gambling an entirely new level of transparency as well as credibility.
Potential Problems that Blockchain Technology Can Solve for Online Casinos
To recap, blockchain technology is built out of neutral entities known as blocks. Each block is interconnected in a network which is known as a blockchain. The way in which blockchains are set up, any record (transaction) that passes through the chain, needs to have the correct value in each block. This results in a much higher level of fairness (neutrality) and accuracy, as well as transparency.
One of the biggest problems associated with conventional online casinos, is the fact that not all of them are on the level. In other words, there are many online casinos where data, such as winnings, gaming results, payouts, and so on, are deliberately hidden or partially obscured from public scrutiny. However, blockchain casinos are a completely new breed of online casino and are completely decentralized, with no need for an intermediary to verify transactions. This provides the ultimate fair and transparent system for the online casino industry.
Many gamblers do not realize the fact that playing at a casino is a major mathematical disadvantage and they literally have no chance of winning against the casino in the long run. The term “house edge” describes the fixed percentage of money that casino takes from its players, on average. So as long as there is a house edge and players keep playing, they will never go out as winners in the long run. The house edge is in every form of commercial gambling and means that the more you play over time, the more you will lose. You may get lucky in the short term, but the variance will soon do its job to return what “belongs” to the house.
How Zeroedge Online Casino Gaming Works
Zeroedge is a new cryptocurrency-based online casino with a difference. The unique platform utilises its very own cryptocurrency known as ZeroCoin, the only way to play the best casino games available at Zeroedge Casino. The most unique (and one of its biggest selling points) is that Zeroedge Casino is offers all players a true 0% house edge gaming experience.
This essentially means that all casino games such as roulette, blackjack, and slots, available at Zeroedge Casino will have no advantage to the house, unlike conventional online casinos. With most conventional online casinos, players often face up to 10% house edge in many casino games. The reason for this is that this is the only way that a conventional online casino can turn a profit, by stacking the odds in their favour.
Zeroedge does away with the dreaded house edge because they do not take their profit from the losses of their players. Instead, Zeroedge is focusing on generating a profit from rising value of ZeroCoin which increases due to demand for 0% edge games. Simply put, the ultimate solution to the problem is creating a platform where playing games is “free”. Players are not required to pay any fixed amount to be able to play at the casino. This can only be achieved by creating a closed loop-economy with its native token. Making the supply of token limited, its value is directly proportional to demand. This model allows to offer 0% house edge games and be a viable business model.
Pre-ICO is open – 58% bonus & low hard cap!
The Pre-ICO is set to start on the 28th of February 2018, closing out on the 15th of March 2018. Pre-ICO bonus is 58% with a low hard cap – 1500 eth.
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U.S. stocks meandered Tuesday but finished mostly higher, with retailers and industrial companies up. A jump in metals prices helped mining and materials companies. Asian markets jumped after the North Korean government said it was open to talks with the U.S. about ending its nuclear program.
This past January a project was launched that revealed a forked version of the crypto-derivative platform, Counterparty, and it’s being built for the Bitcoin Cash (BCH) network. Now this week, at the Cryptopulco event in Mexico, the creator of the new BCH token infrastructure, Julian Smith, has announced that Counterparty Cash (XCPC) and all assets, tokens, and instruments released on the protocol will work natively in Edge mobile wallet including the protocol’s own XCPC token.
The Ecosystem Building Around Bitcoin Cash Is Very Healthy
On February 18 news.Bitcoin.com spoke with the creator of the Counterparty Cash (XCPC) protocol, a project that aims to add tokenized assets to the BCH network. Julian Smith tells us that the Counterparty Cash Association (CCA) based in Zug, Switzerland has formed a partnership with the cryptocurrency wallet provider Edge (formally Airbitz). This means that all assets and tokens based off of the XCPC protocol will work natively with Edge Mobile. Further, the blockchain logistics startup Blockfreight, Bitcoin Cash Parity, and Bitcoin ABC implementations will also support the Counterparty Cash infrastructure.
“I think that Counterparty has been an excellent experiment for Bitcoin and will be valuable to users on Bitcoin Cash,” explains Bitcoin ABC lead developer, Amaury Séchet at the Cryptopulco conference.
I see that between this initiative and similar projects working on tokenization and new OP_Codes being enabled in future releases, the ecosystem building around bitcoin cash is very healthy.
Essentially An ERC20 Protocol Competitor
Julian Smith who is also the founder of Blockfreight believes that the Counterparty Cash system and the ‘meta-protocol’ concept that utilizes the margin of a bitcoin transaction for declaring a specific tokenized application will help bolster BCH innovation. “Bringing this core concept to bitcoin cash is a natural extension and useful service to higher frequency on-chain transactions of many business models from financial instruments to bonds, warrants and equity within a project,” Smith explains.
What Counterparty Cash brings to bitcoin cash is essentially an ERC20 protocol competitor. In my view 2018 will see a 10x increase of token offerings on Counterparty Cash over Counterparty tied to bitcoin core.
Android and iOS Mobile Wallet Support and the Construction of Distributed Exchanges
Besides token offerings, XCPC will allow any bitcoin cash user the ability to underwrite assets and issue financial instruments and non-financial tokens, ticketing, licenses and redemption rights on the BCH chain. Adding a Counterparty infrastructure to the BCH network coupled with the system’s lower fees and faster transaction times will also enable the construction of a Distributed Exchange (DEX) that allows trading tokens without an intermediary.
The Edge mobile wallet was fully launched this week and allows users to hold multiple cryptocurrencies like bitcoin cash in a non-custodial fashion. Paul Puey the founder and CEO of Edge looks forward to enabling support for the tokenized BCH assets using the Counterparty Cash protocol.
“We have taken everything we have learned about making a bitcoin mobile wallet simple and a familiar user experience and extended that to other digital tokens,” Puey said during the conference. “Adding the ecosystem of projects adopting Counterparty Cash into Edge is on par for making Edge one of the easiest, most familiar and safe mobile wallet experience for all of our user’s key digital assets.”
What do you think about the Counterparty Cash team partnering with the Edge wallet platform? Let us know in the comments below.
Images via Shutterstock, Counterparty Cash, and Edge.
The post Counterparty Cash Announces ERC20 Competitor with Edge Wallet Support for Tokens appeared first on Bitcoin News.
A powerful magnitude-7.2 earthquake shook south and central Mexico Friday, causing people to flee buildings and office towers in the country’s capital, where residents were still jittery after a deadly quake five months ago, the AP reports. Crowds of people gathered on Mexico City’s central Reforma Avenue, as well…
Losses for industrial companies are pulling U.S. stocks lower at the start of trading, but high-yield stocks are making small gains.
Boeing slid 0.7% and General Electric lost 0.9% Monday morning. Investors didn’t appear troubled by the federal government shutdown.
Corporations announced a slew…
The stock market’s fantastic start to 2018 stalled Wednesday after real estate companies and other dividend payers sank on concerns about rising interest rates.
The losses knocked indexes a bit off their record highs and provided the first minor hiccup for a market that had climbed six straight…