Empowering a broad new range of blockchain applications
Today we’re delighted to release the first beta version of MultiChain 2.0, the next generation of the MultiChain blockchain platform, after 16 months in development. MultiChain 2.0 (download) includes three major new areas of functionality to help developers rapidly build powerful blockchain applications:
- Off-chain data. Any item published in a MultiChain stream can optionally be stored off-chain, in order to save bandwidth and storage space. Off-chain data (up to 1 GB per item) is automatically hashed into the blockchain, with the data itself delivered rapidly over the peer-to-peer network. Click for more about off-chain data.
- Richer data streams. JSON and Unicode text are now supported natively and stored efficiently on- or off-chain. Multiple JSON items can be merged together, allowing a stream to serve as a database with a full audit history. Stream items can have multiple keys, and be queried by multiple keys and/or publishers together. Finally, to increase data throughput, a single transaction can publish multiple items to one or more streams.
In addition, MultiChain 2.0 provides several other smaller new features:
- Blockchain upgrading. Many blockchain parameters can be changed over time, subject to administrator consensus. These include the block time interval, maximum block size, and many transaction size limits.
- Per-asset permissions. Assets can optionally be issued with their own send and receive permissions, which can be controlled for each address by that asset’s issuer and/or its assigned administrators.
- Binary cache. Large pieces of binary data (up to 1 GB) can be added to MultiChain over multiple API calls, or uploaded directly via the file system.
- Inline metadata. Transaction outputs containing assets and/or native currency can now contain metadata in JSON, text or binary format. Smart Filters can easily read and respond to this metadata.
- Custom permissions. Six new permissions (three “high” and three “low”) can be assigned to addresses by two levels of administrator. These are useful for defining roles enforced by Smart Filters.
We’re also delighted to welcome over 40 new companies to the MultiChain partner program, bringing the total number to 86. New members include SAP who have built a deep integration with MultiChain in the SAP Cloud Platform.
MultiChain 2.0 beta 1 can be downloaded here. It is backwards compatible with version 1.0 with a few exceptions – see the API compatibility note. MultiChain 1.0 nodes and networks can be upgraded to version 2.0 in the usual way (be sure to back up first). We’ll also continue to maintain and fix any bugs in MultiChain 1.0 through 2019 at least.
Below is the full official press release about the 2.0 beta release.
MultiChain Releases Beta Version 2.0 with Over Forty New Partners
December 19, 2018 – Coin Sciences Ltd is delighted to announce the first beta release of MultiChain 2.0, along with the addition of 43 new members of the MultiChain Partner Program, bringing the total number to 86.
MultiChain 2.0 beta 1 has been released after sixteen months of intensive development including seven alpha versions, and is available for Linux and Windows at: https://www.multichain.com/download-install/. Enhancements over MultiChain 1.0 include richer data publishing with support for JSON and Unicode text, blockchain parameter upgrading, seamless integration of off-chain data storage and delivery, and Smart Filters, MultiChain’s approach to the smart contract paradigm.
The new members of the MultiChain Partner Program include SAP, who have integrated MultiChain into the SAP Cloud Platform and are deploying it for client projects. HCL Technologies, the multinational consulting company, also recently joined, along with 41 other blockchain and software companies. Members of the partner program have access to the MultiChain engineering team, can use MultiChain branding in their marketing materials, and are promoted on the MultiChain website. A full list of MultiChain’s partners can be found at: https://www.multichain.com/platform-partners/
“At SAP we are extending business solutions with MultiChain blockchain functionality via our SAP Cloud Platform offering.” said Torsten Zube, SAP’s Head of Blockchain. Furthermore, “We strategically decided that MultiChain should be part of our offering due to its proven, easy and mature distributed ledger technology addressing enterprise needs. The upcoming MultiChain 2.0 release will provide more functionality such as Smart Filters and off-chain data that we see as particularly relevant for enterprise scenarios going forward.”
“Version 2.0 represents a huge upgrade for MultiChain, integrating several major features commonly requested by our developer community,” said Dr Gideon Greenspan, CEO and Founder of Coin Sciences Ltd. “With version 1.0 in stable production since August 2017, our goal with MultiChain 2.0 remains the same: to provide a powerful, stable and easy-to-use platform for blockchain application developers. We look forward to continued cooperation with our partners to bring MultiChain-driven applications to enterprises, governments and beyond.”
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European Union will introduce crypto-asset regulations by 2024 – a report by Saumil Kohli.
According to the Reuters report, the European Union will introduce new rules within four years to make cross-border payments quicker and cheaper using blockchain and crypto-assets like stablecoins. The European Commission is due to set out its strategy for encouraging greater use of digital finance at a time when 78% of payments in the eurozone are in cash. The commission also wants a rapid shift to “instant” payments, generally as pandemic lockdowns showed the growing role of cashless payments.
The EU executives will set out new rules for cryptocurrencies.
The European Union executives will present a draft law to clarify how existing regulations apply to crypto-assets and set out new regimes where there are gaps, the documents said. “By 2024, the EU should put in place a comprehensive framework enabling the uptake of distributed ledger technology (DLT) and crypto-assets in the financial sector,” the documents said. “It should also address the risks associated with these technologies.” Stablecoins came on the policymakers’ agendas last year when Facebook revealed plans for its Libra token. Central banks across countries are now studying whether to launch their own.
Instant payment systems should become the “new normal” by the end of 2021.
Brussels wants to make it easier to share data within the financial sector to encourage competition and a wider range of services while upholding the principle of “same risk, same rules, same regulation,” the documents say. The bloc should also have rules in place within the next four years to allow new customers to start using financial services quickly once anti-money laundering (AML) and identity checks have been completed, it said. The report further states that the commission will assess the impact of charges levied on consumers for instant payments and make sure that they are no higher than those for regular credit transfers.
UNI Token Price Stable Above $5.50 As Negative Funding Rates Rise
The UNI token price remains stable above the $5.50 level after seeing a massive inflow of investments in the past day. The biggest buy-side order outweighed the relative small sell orders from the users that got the 400 tokens after the airdrop as we reported in the altcoin news previously.
The uptrend was further perpetuated by other exchange listings such as Coinbase listing the UNI token, and binance listing the token within a day of the launch. This also gave the retail investors unprecedented access to the token which seems to be helping to offset the instant sell-side pressure which came as a result of the airdrop. It’s also important to note that the funding for the UNI token is giving bulls more fuel to push it higher with the rates sitting at more than $280,000 per year. The huge negative funding rates are also incentivizing traders to open the long positions on the cryptocurrency. The nature of the short positions will reduce the selling pressure that comes from the people that are trading UNI perpetual swaps.
At the time of writing, the UNI token price is sitting at $5.80 which marks a new all-time high for the cryptocurrency that has been climbing slowly higher over the past few days. it’s also important to know that this marks a huge rise from the $1.00 lows that were set shortly after the listing. The lows came above because of the intensity of the initial selling pressure from the users that sold the tokens that were initially airdropped to them.
After the launch, the token garnered listing on a few exchanges including Binance, Coinbase, and FTX. This led to a huge inflow of buying pressure from investors and helped fuel the upswing. The cryptocurrency is trading around the all-time high as the bears are having a hard time making an impact. another factor that could influence the uptrend of the token is the massive negative funding rates for the perpetual swaps of the token. One trader also spoke about this explaining that about 0.1% of the users are paying each other to short the token which is making a strong bull case for the asset:
“At -0.75% every 8 hours, or -0.0994% every hour, you are being paid 2.2% – 2.4% a day to be long UNI via perps.”
Assuming that this trend will surround the perpetual futures, UNI could rally higher in the upcoming days and weeks.
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ArbiSmart Users Get What They Wished For, Good ROI and Newly Added USDT Support
In the crypto space, the term Decentralized Finance (DeFi) has become the buzz word of 2020 as interest continues to pick up in the space. While there are several financial services verticals that falls under the broad DeFi spectrum, the ones that allow investors to earn a steady stream of passive income is something that is sought by many. It is even more exciting if the service does not require them to constantly keep track of such investments for profit optimization.
Such a solution is made possible by proprietary smart AI-based machine learning algorithms implemented by ArbiSmart. The EU based crypto arbitrage platform offers a reliable automated trading platform that allows users to leverage the price difference in crypto assets across leading exchanges to generate profits.
Unlike manual trading, ArbiSmart’s automated solution is capable of placing round-the-clock high-frequency trades across more than 20 leading global exchanges, in real-time. The platform has the potential to generate profits of up to 45% while exposing the users’ funds to minimal risk, close to 0%. In fact, even during the prevalent economic slowdown that is currently affecting global markets, ArbiSmart has managed to consistently maintain good profit margins.
Apart from its ability to generate decent profits on crypto investments, ArbiSmart is a regulated platform licensed by Estonia’s Financial Intelligence Unit to provide cryptocurrency-related financial services. It is also known to maintain high standards when it comes to customer service and security features protecting clients’ personal information and funds. All these factors have contributed to its growing reputation, making it an attractive option for investors.
Customer Satisfaction Always Takes Priority on ArbiSmart
If the platform’s customer service is any indication, one will know that ArbiSmart takes customer satisfaction seriously and is willing to go to great lengths to keep them happy. Users can provide inputs and feedback to the team which will be reviewed and considered for further improvements to the platform. The latest such development to feature on ArbiSmart is the inclusion of support for USDT deposits. Apart from the newly introduced USDT, users can also make deposits with other leading cryptocurrencies, credit and debit cards, and wire transfer.
All it takes to earn passive income is an account and a minimum EUR 500 deposit on ArbiSmart. The Smart Investment Calculator on the platform further assists users in deciding the investment amount that is right for them to enjoy preferred returns. It also provides a smart wallet feature where users can park their crypto assets and earn interest.
Meanwhile, the team at ArbiSmart continues to work on developing new features and services as per their well-planned product roadmap and user requests. Eventually, users can start benefiting from these updates as and when it happens.
Learn more and start investing on ArbiSmart at – https://arbismart.com/
Image by Nattanan Kanchanaprat from Pixabay
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