ATLANT, the Real Estate Platform Expected to Give Revolutionary Capabilities

ATLANT Platform (hereinafter "ATLANT") is building a cutting edge worldwide land stage in light of blockchain innovation. We accept blockchain can possibly help quicken the selection of the Sharing Economy which has just started to release industry interruption by opening up huge measures of beforehand undiscovered private limit and tokenization of property may totally change land exchanges and possession exchange as we probably am aware them.

It is a direct outcomes of the ingenious factor known as Peer To Peer Leases. It is likewise purposed on the same time to disturb the Airbnb and Reserving that always make counterfeit surveys and blow up their rental heart particular person costs. The land stage of ATLANT will likewise make a lot much less demanding the proprietorship change course of, make partial holding simpler with out making imperatives, make a lot simpler the cross-fringe exchanges, cut back the issues acknowledged with value, and furthermore diminish the additional costs significantly which could be regarded in distinct locales rising due to the pointless delegates and group.

The ATLANT CEO named Julian Svirsky, who's likewise a veteran of Wall Highway with many encounters as long as 14 years in mutual funds and furthermore the worldwide enterprise banks, uncovered that they predicted the extraordinaryopportunities to disturb the worldwide cabin and land markets. It offers particular, relative rights and respects to the proprietors that originate from the platform'sunique highlights.

For example, property is the biggest class of revenue on the planet however in addition to the minimal productive. ATLANT makes further simple, secure and fluid approaches to alter and contribute, by collaborating larger than $217 trillion world's land showcase. ATLANT, the Precise Property Platform Anticipated to Give Revolutionary Capabilities ATLANT as of late reported their land stage that is relied upon to complete up plainly the world's bleeding edge and anticipated which may give the progressive abilities as proficiency, security, and in addition to the cost-adequacy on the planet's market of land.

The essential motivation behind the ATLANT blockchain stage is to ship the protected framework that is furthermore verification of alter so the consumers can change forms of property with no wasteful parts and in addition to restrictive costs like often gotten. Throughout the ATLANT stage, the financial specialists, property proprietors and cabin company are permitted to benefit in forms of method, giving further lodging and cost-investment funds stage contrasted with the expensive and wasteful choices.

ATLANT is a decentralized framework in view of the Ethereum and represented by Decentralized Autonomous Group (DAO). You could be one among many cryptographic money devotees or financial specialists which could be intrigued to put sources into ATLANT stage as correctly. It is workable for the ATLANT stage coordination with the manager registries in mild of blockchain innovation that may likewise come about worldwide land promote with primarily extended measurement. Some pilot extends in Ghina, Sweden, Ukraine, Republic of Georgia, Japan and furthermore United States have confirmed steady enthusiasm to the preparations in mild of the blockchain.In request to create ATLANT stage, the group has been working since December 2016 in land, once more, logical fields andemergingmarkets.

The Preliminary Coin Offering (ICO) of ATLANT will seemingly be held in September and the affiliation for the stage propelling is in March 2018. It offers chance to the digital money lovers and financial specialists to buy the ATL tokens in as a lot as half rebate. The ATL objects are primarily the ATLANT participation objects. It's alright to attempt as a result of it is fascinating and conceivably gainful.

The center token turns into the ability of the stage and it is shortenedas ATL. Nonetheless, the pre ICO of ATLANT has been begun in August 1, 2017. With this stage, the consumers can preserve a strategic distance from the outsiders which could be often accessible in rental preparations. The factor will enhance the advantage of use and security for the hosts and company, make quickened reception, and furthermore lessening costs. It is not going to merely give larger revenue with the dashing up exchanges at ship down worth in full,nevertheless alsoexpand themarket measure by permitting members with littler scale.

Ico progress

After the administration land property and the land registers have been agreeable totally with blockchain, the affiliation of ATLANT is to be an accomplice of assorted legislative purviews to permit them to make, present and purchase land helpful useful resource objects in littler and tokenized however achievable universally.

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Written by: Ocytrem

The Segwit2x working group has been quiet lately, but now it seems the development wheels are turning once again. On Wednesday, October 25 the lead developer of the Segwit2x (BTC1) working group, Jeff Garzik, addressed the public with a status update. According to Garzik, everything is "still full steam ahead for Segwit2x upgrade" scheduled for mid-November.

Segwit2x Upgrade is "Full Steam Ahead"

Segwit2x Developer Says November Hard Fork is Full Steam AheadThe maintainer of the Segwit2x code, Jeff Garzik has revealed an October "status update" to the development community through the Linux mailing list. The last time Garzik greeted the public was back in August when the Segregated Witness (Segwit) protocol was applied to the Bitcoin network. Like the previous time, Garzik's email seems upbeat and cuts to the formalities right away with the developer stating:  

To state the obvious, everything is still full steam ahead for the Segwit2x upgrade in mid-November.

Garzik notes that back in August the project was in a "code freeze" and emphasizes the BTC1 repository is currently still enforcing the freeze. A code freeze basically means that changes made to the source code have a stricter degree of rule sets. As Garzik states "only changes or fixes thought to be important pre-fork will be included."

Segwit2x Developer Says November Hard Fork is Full Steam Ahead

Garzik's October status update riled up some members of the bitcoin community over his claims regarding "Core bugs."

Segwit2x Will Stay on Bitcoin Core Version 14 Through the November Fork Due to Version 15 Bugs

The developer also explains the BTC1 source code is a fork of the Core software, and the team tracks that repository's updates. Additionally, Garzik gives a link to the production release branch and explains that specific Segwit2x code is based on Core version 0.14.x, and the developer release is associated with version 0.15.x.

"I've been paying close attention to the Bitcoin Core 0.15.x rollout," explains Garzik. Based on instability and bugs that upstream Bitcoin Core project is seeing – ie. Core's bugs, not ours – Segwit2x will stay on Bitcoin Core 0.14.x. through the November fork."  

This week the lead Bitcoin ABC developer, Amaury Séchet, proposed to add a Bech32 address format to the Bitcoin Cash (BCC) network. Currently, the BCC community has been discussing modifying the bitcoin cash address format, alongside preparing to fix the protocol's Emergency Difficulty Adjustment (EDA).

The Bitcoin Cash Community and Developers Propose Changing the Protocol's Address Format

Bitcoin Cash Developers Propose a New Address FormatOn October 14, Amaury Séchet proposed to implement a new address format to the bitcoin cash network. The subject of changing the BCC address format has been debated for a few months now, but even more so after Bitpay released a new address format for the company's BCC integration in its Copay wallet. The discussion initially started on the Bitcoin ABC Github repository back in July. A few weeks ago Bitpay stated it had created "new conventions to ensure users don't accidentally send BTC to a BCC wallet or vice versa." However, Bitpay's new address format wasn't received well by the BCC community and developers.

Electron Cash Wallet Developer Weighs In

Bitcoin Cash Developers Propose a New Address FormatFor instance, the Electron Cash wallet developer, Jonald Fyookball, detailed on the Yours network, that "Bitpay's new bitcoin cash address format breaks wallet compatibility and requires community discussion." Fyookball explains he's a "fan of Bitpay," but he believes releasing a new format without community discussion creates issues. The "main problem" Fyookball details, is that unless every single BCC user within the entire community upgrades to this new software there will be address "incompatibility between the new (Bitpay format) and the existing format for addresses."   

"Newer wallets theoretically should still be able to support sending to old addresses unless those wallets intentionally stop supporting legacy addresses," Fyookball explains. "But actually, it appears that Bitpay has done just that on their own platform."

This may be a matter of design choice if the idea is to prevent a user from sending to a BTC address — Yet, since many users still use old addresses, it breaks backwards compatibility.

Amaury Séchet Favors the Bech 32 Address Format

Bitcoin Cash Developers Propose a New Address FormatThe community believes it is essential for bitcoin cash addresses to be distinguished from bitcoin addresses, but think Bitpay's method may not be the best answer. Bitcoin ABC's Amaury Séchet explains on the team's developer mailing list that maybe BCC programmers "have been moving too slowly and that is why Bitpay has gone ahead." But Séchet also says he thinks they should have discussed the move as address upgrades can be "disruptive." Séchet also revealed at the time he is in favor of Bech 32 address styles, a proposal first introduced by bitcoin developer Pieter Wuille.         

"At this point, I am in favor of the Bech 32 style addresses as they have a number of advantages — The most notable one, is that the format can be extended to support new features in the future," Séchet's developer mailing list post details. "The current address format or the variation proposed by Bitpay doesn't, which means we'll likely have to change it again in the future."

As a result, I think we should adopt an extensible address format rather than doing a quick fix that makes us feel better now but fails to anticipate needs down the road — We are in this for the long run.

Lots of Bitcoin Cash Proposals and Ideas Being Tossed Around

The Github proposal pushed forward by Séchet seems to be favored by other developers who assist with the BCC protocol. One reviewer writes, "very elegant proposal, I like it," and the pull request was also sent to the Bitpay/Copay code repository. The developer who recommends the address format changes to Bitpay asks, "Would you remove your new address format starting with C and add the Bech32 format (described here: Bitcoin-UAHF/spec#21) if some wallets start using it? It is more useful."  

Bitcoin Cash development and infrastructure seems to be moving along with the recent EDA proposals and the latest address format idea. Further, the community has been greeted by another plan to create color coins on the BCC network. Bitcoin Unlimited developer, Andrew Stone recently proposed bitcoin cash scripting applications on October 16, in order to issue representative tokens on the network. 

Proof of Stake (PoS) was first introduced in a paper by Sunny King and Scott Nadal in 2012 and intended to solve the problem of Bitcoin mining's high energy consumption. At that time, it cost an average of $150,000 a day to maintain the Bitcoin network. Today, this figure is at a staggering $6.7 million (if we assume a $0.12/watt cost and multiply that with the estimated 56,209,833 KWh of electricity that the Bitcoin network consumed on Oct. 13, 2017).

Rather than relying on the energy-dependent work of miners to add blocks, Sunny and Scott suggested an alternative method called "staking" where a deterministic algorithm would choose nodes based on the number of coins an individual had. In other words, stakers would have more chances of being selected to add a block to the chain and reap the reward if they "staked" more coins in their wallet.  They hoped this would avoid the ever increasing energy costs and hashrate difficulty of mining. However, their new consensus mechanism was not without its own issues.  

Four Issues With PoS

There are four main challenges in designing a Proof of Stake system:

Distribution. Since block rewards go to stakers, how do you distribute coins initially?

Monopolization. Those with a significant amount of coins reap a majority of all future coins.

51% attack. Just like how Proof of Work (PoW) has to be wary of a 51% attack from a miner, so too does PoS have to be wary of a staker who has a 51% stake weight.

Nothing at Stake (NoS). PoS adds a block when a node meets a set of conditions which includes stake weight. However, the coin forks when two nodes meet these conditions at the same time. The fork is then resolved by other nodes signing one of the two transactions. The hypothetical problem of NoS arises when 99% of all nodes sign both chains because there is no cost (nothing at stake) to verify these transactions. Therefore a 1% staker could potentially "double spend" by paying with coins on one chain but then verifying the other.

In light of this, the evolution of PoS can be understood by each coin attempting to solve these issues in their own way.  We will now look at Peercoin.

Peercoin PPC

Sunny King created Peercoin (PPC) in 2013 to become the first cryptocurrency to implement Proof of Stake while still keeping Proof of Work (PoW). It addressed the 4 issues of PoS in the following ways:

Distribution. Peercoin uses a PoW-based decreasing distribution. In the beginning, PoW was heavily emphasized for PPC's initial distribution phase but has since then been decreasing.  

Monopolization. Coin age was implemented to prevent coin-rich stakers from dominating the rewards.

51% attacks. PPC's chain is completely secured by PoS even though it is a hybrid. Attacks are highly unlikely because it is incredibly expensive to perform an attack. The attacker must effectively purchase or bribe 51% of the staked coins in order to perform this action. Any attack would significantly devalue the coin and cost the attackers a great deal.

Nothing at Stake. PPC developers don't believe this would happen. However, Sunny implemented optional "checkpoints" at first in case there was a successful attack.  Now that the PPC's network has matured, checkpoints are in the process of being phased out.

Blackcoin BLK

This next phase of PoS history is called considered a pure proof of stake protocol without any mining and was first implemented by NXT on November 24, 2013. However, let's consider another coin, Blackcoin, that was also a pure proof of stake that was released shortly thereafter as it has a simpler protocol and had a fairer initial distribution phase.

Blackcoin was created by Pavel Vasin (a.k.a. Rat4) and was released in February 2014.  When Rat4 decided to create BLK, he set out to remove coin age and PoW.  He believed coin age would increase the chance of a 51% stake attack as older aged coins would need less than 51% of staking coins to cause a fork. He also believed that coin age disincentivized users from staking consistently. Rather, stakers were incentivized to remain offline for 90 days to maximize their chances of getting a stake thereby making the network less secure. Rat4's implementation of PoS v.2 protocol addresses the four issues of PoS in the following ways:

Distribution. BLK went through a temporary Proof of Work phase with no pre-mine to ensure fair distribution.

Monopolization. This was addressed via a fair distribution period.

51% attacks. It is incredibly expensive to buy enough coins in order to perform this attack.  Also, the coin would lose significant value.

Nothing at Stake. BLK dev's also believed this was not a threat. However, BLK included checkpoints to protect against hard forks.  Checkpoints will be removed in PoS 3.

Ether ETH

Since Blackcoin, there have been several iterations of the PoS protocol. For example, Bitshares was the first to implement Delegated Proof of Stake.  But the newest iteration of PoS is Ethereum's (ETH) attempt at PoS.  The motivation for ETH to switch is primarily a desire to move towards a more eco-friendly and decentralized system.  If the Ethereum Virtual Machine is truly to be adopted world-wide, Bitcoin's current $6.7 million daily electricity cost would quickly be surpassed.

Ethereum's PoS system will implement a Byzantine Fault Tolerance (BFT)-style PoS. Validators will be randomly assigned block rewards, however consensus is formed through a multi-round process where every validator votes for a chain. Ethereum is NOT utilizing Proof of Stake at the moment and there have been some doubts as to whether or not it will actually be implemented. With that being said, here's how Ethereum hopes to solve the four ssues involved with PoS:

Distribution. ETH has already been distributed with approximately 70% sold in it's ICO in 2014 representing 70% of total of Ether in circulation. Eleven million was given to the Ethereum Foundation and continues its distribution via PoW.

Monopolization. ETH has already been distributed.  Another way ETH hopes to solve this issue is by locking coins in a smart contract in order to stake. Therefore, staking comes at the cost of liquidity.

51% attacks. As mentioned above, it is incredibly costly to buy or bribe nodes to participate in a 51% attack. Should an attack happen, Michael Gubik proposes utilizing social/business/exchange forums to select one of the forked chains in his Proof of Stake FAQ on Ethereum's github.

Nothing at Stake. Validators will be disincentivized from signing orphaned blockchains as they will be punished.

Conclusion

There have been many fully functional and secure iterations of PoS over the history of cryptocurrency from the Hybrid PoS-PoW to pure PoS to Delegated PoS.  The BFT-style PoS is the newest attempt to address the four main issues surrounding the protocol initially proposed by Sunny and Mark. Each coin reflects a different approach and each has its own strengths and weaknesses. However, the move to PoS reflects a larger philosophical move in the world of cryptocurrency towards a more eco-friendly and decentralized system.

PNC Bank Threatens to Close Customer's Account for Buying Bitcoin

The PNC bank recently threatened one of their customers for purchasing bitcoin. The bank wanted to shut down the customer's account. This has been a story floating around the internet the last few days. The victim was Elitoohey. He elaborated on the situation in a Reddit post, saying the bank started by asking him questions about recent bitcoin purchases. 

"For What Purpose are You Buying Bitcoin?"

The banker wanted to know why he was purchasing bitcoin. The bank PNC Bank Threatens to Close Customer's Account for Buying Bitcoinseemed to be concerned about him buying and owning the digital currency. They goaded him about his purchase and pried into his business.

Toohey said, "He asked me to confirm a couple transactions then asked, 'For what purpose are you buying Bitcoin?' (he saw Coinbase and Xapo transactions). I told him I wouldn't answer, he then asked 'What are you going to do with the Bitcoin?' I again told him I wouldn't answer."

The conversation escalated to the level of threats.

"Exit the Relationship"

The banker went on to tell Toohey that their security team would "exit the relationship" with him if he did not provide them with information. Under their threats and pressure, Toohey relented. He provided them with information, because he appears to not want to close his account and change banks.

I relented and told him "for investment purposes" hoping to avoid needing to switch banks. He said he thinks that might satisfy them but that PNC Bank wants nothing to do with Bitcoin.

The Story Emerges as Influential Bankers Voice Concerns

This story crops up as more news emerges of bankers and well known investorsPNC Bank Threatens to Close Customer's Account for Buying Bitcoin voice concerns about bitcoin and cryptocurrency. They are usually calling it a fraud as with the case of Jamie Dimon, or talking about how it is a bubble ready to pop in the case of Ray Dalio.

However, since some people in the cryptocurrency ecosystem believe bitcoin will undermine banks, it seems logical that bankers are pushing back against the technology.

The Chinese government will likely resume cryptocurrency trading in the upcoming months with necessary Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place.

Earlier this week, Xinhua, the state-owned news publication of China, revealed that the Chinese government is concerned with criminal activities surrounding cryptocurrencies such as bitcoin. It emphasized that cryptocurrencies have become the "top choice" for underground economies and revealed that the government will take appropriate measures to regulate the market by implementing a licensing program and strict AML systems.

Why the Ban on Chinese Exchanges is Not Beneficial for the Government

Last month, the Chinese government, the People's Bank of China (PBoC), and local financial regulators imposed a nationwide ban on cryptocurrency exchanges. Consequently, the price of bitcoin fell to $3,000 and the cryptocurrency market endured a major correction.

Since then, the global cryptocurrency exchange market has restructured as the majority of trading volumes from China moved to neighboring markets such as Japan and South Korea. More to that, the Japanese government officially authorized 11 cryptocurrency exchanges in the same month, providing an efficient and well-regulated ecosystem for Chinese traders. As a result, the bitcoin price has recovered and has remained above the $4,000 margin.

But, the Chinese government's ban on cryptocurrency exchanges also led to the increasing trading volumes of over-the-counter (OTC) markets and peer-to-peer trading platforms such as LocalBitcoins. For the Chinese government, such trend is a major concern in terms of KYC and AML policies because traders are now able to exchange cryptocurrencies and trade the Chinese yuan without the control and the involvement of Chinese authorities.

Previously, when regulated Chinese cryptocurrency trading platforms such as BTCC, OKCoin, and Huobi were around, the overwhelming majority of cryptocurrency trades were overseen by the PBoC through KYC and AML systems adopted by businesses within the Chinese cryptocurrency exchange market. Today, it is not possible for the Chinese government to regulate cryptocurrency trades because they are being processed and settled in markets that are outside the reach of the local authorities.

Licensing Program Similar to That of Japan Likely

Xinhua noted that the government is considering the possibility of licensing and record-keeping cryptocurrency trades, as local sources including CnLedger have shared. CnLedger, a trusted source of cryptocurrency news in China, stated:

"Xinhua News, official press agency of CN: Virtual currencies have become the top choices of underground economies. We shall adopt '0-tolerance policies' towards crimes hidden underneath and take measures such as record-keeping, licensing, AML processes, real-name, limiting large transactions."

In order for the government to adopt a zero-tolerance policy on cryptocurrency-based criminal activities, it needs to have infrastructures in place that can allow the government to oversee payments and disclose the identities of cryptocurrency users. Without KYC and AML systems, as seen in trading platforms like LocalBitcoins and other OTC markets, it is virtually impossible to execute a zero-tolerance policy on cryptocurrency crimes.

As Xinhua suggested, it is definitely possible that the cryptocurrency exchange ban in China is only temporary until the Chinese government releases a stricter record-keeping, licensing, and AML policies for trading platforms.

Also, as experts and executives at overseas exchange markets such as Hong Kong revealed, the ban on cryptocurrency exchanges have not stopped Chinese investors from buying and investing in cryptocurrencies.

"The ban did not stop them [Chinese investors] from buying cryptocurrencies. In the last few weeks, we have seen a lot of mainland customers opening up accounts at TideBit. They still want to play the game. I see a growing need in that they will come to Hong Kong or Singapore to buy cryptocurrency," said Terence Tsang, chief operating officer at TideiSun, the parent company of TideBit.

Eleven Japanese bitcoin exchanges have been granted approval to operate under the country's new financial services regulations.

Though home to one of the most infamous events in cryptocurrency history — the collapse of bitcoin exchange Mt. Gox — Japan has largely embraced cryptocurrency, and regulators have stated a desire to promote "sound market development."

To that end, Reuters reports that Japan's Financial Services Agency (FSA) has announced that it has approved 11 domestic bitcoin exchanges to operate within the country. Registration with the FSA had become necessary as part of the April bill that recognized bitcoin as legal tender and eliminated the consumption tax on purchases at bitcoin exchanges.

In the months following this legalization, bitcoin adoption has surged within Japan, and the country has become a central hub for Asia's crypto-economy in the wake of China's ICO and bitcoin exchange ban.

Now that bitcoin is recognized as a legal payment method, cryptocurrency exchanges are subject to increased security guidelines, including segregating funds in customer accounts, verifying customer identities to combat money-laundering, and having adequate systems and policies in place to prevent cyber attacks. The FSA has also stated it will put bitcoin exchanges under "full surveillance," which may include on-site inspections.

Notably, bitFlyer–whose BTC/JPY trading pair regularly ranks as one of bitcoin's top three highest trading volumes–was one of the exchanges licensed during this first round of approval.

Quoine, another cryptocurrency exchange to receive licensure, issued a statement saying they will continue to work with regulators to promote the "healthy development of the cryptocurrency industry within Japan."