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Wolfram Mathematica to add MultiChain integration

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Bringing blockchains to the world of science and engineering

Today we’re delighted to jointly announce a collaboration with Wolfram Research, the industry-leading company behind the Mathematica platform and the Wolfram|Alpha answer engine. Over the coming year, MultiChain will be integrated into the Wolfram Language and across Wolfram’s line of products. For example, Mathematica users will be able to store and retrieve data in a zero-configuration private blockchain deployed in the Wolfram Cloud, in their own blockchain running on local MultiChain nodes, or in a chain which combines nodes from both.

We’re particularly pleased with this collaboration because it demonstrates our long-running view that, as a technology, blockchains are in no way specific to the finance sector. The perceived association between banks and blockchains is an accident of history, stemming from the fact that most public blockchains, like bitcoin, happen to enable a new type of money. By contrast, private or permissioned blockchains are a shared database technology, allowing a set of participants or organizations to safely collaborate on a database that crosses boundaries of trust.

Of course, banks work extensively with general-purpose databases such as Oracle or SQL Server, and the same will apply for blockchains as well. For example, MultiChain is already being used for dozens of projects in the finance sector. But it’s important to be clear: Blockchains embody a particular set of trade-offs compared to centralized databases, which make them suitable for some use cases and unsuitable for others. Quite rightly, many “distributed ledger” startups focused on specific problems in capital markets are not using blockchains at all.

As for MultiChain, we hope this will be the first of many collaborations enabling software platforms to offer a decentralized data layer to their users. We’re already working with several other companies to explore the possibility in depth. The underlying problem is this: How can multiple organizations ensure they agree on a developing set of facts, without giving control over those facts to a single party? Blockchains combine peer-to-peer networking, public key cryptography, consensus algorithms and a new transaction model, to provide a practical solution.

The full text of the joint press release is included below.


Wolfram to Integrate with MultiChain Blockchain Platform

March 8, 2017 – Wolfram Research and Coin Sciences Ltd today announced a collaboration in which Coin Sciences’ market-leading MultiChain blockchain platform will be made accessible from the Wolfram Language and across the Wolfram family of products, including the award-winning Mathematica. This will enable Wolfram Language users to write applications that make use of blockchain functionality.

“A blockchain is a decentralized ledger that has append-only memory,” said Christian Pasquel, Wolfram’s Development Team Lead. “This is a very simple concept, but it is a powerful building block that will enable a new class of computational applications—we expect everyone who uses the Wolfram Language will benefit from this simple yet powerful functionality.”

Initially, Wolfram will offer users direct access to a zero-configuration private blockchain, accessible in the Wolfram Cloud. Users will be able to create their own blockchain(s)—combining local nodes with those in the Wolfram Cloud, have it store and retrieve data and also expose information about that blockchain to other parties over the web.

“We’re delighted that Wolfram Research has chosen to integrate MultiChain functionality into their flagship product,” said Dr. Gideon Greenspan, founder and CEO of Coin Sciences Ltd. “We have always viewed blockchains as a general-purpose technology for creating peer-to-peer shared databases, so this integration with the Wolfram Language is a perfect fit. Despite the focus which blockchains have received in the finance sector, they are equally useful for decentralized data aggregation and collaboration in many other fields, such as science, engineering, economics and government.”

The integration with MultiChain is slated for release with a Wolfram Language version update later this year.

About Wolfram Research, Inc.

Wolfram is a powerhouse in technical innovation and has been defining the computational future for three decades. As the creator of Mathematica, Wolfram|Alpha and the Wolfram Language, Wolfram is the leader in developing technology and tools that inject sophisticated computation and knowledge into everything. Learn more at http://www.wolfram.com.

About Coin Sciences Ltd

Coin Sciences Ltd develops the popular MultiChain (http://www.multichain.com) blockchain platform. MultiChain includes features such as permissions management, native assets, data streams and simple configuration and deployment. It has been used successfully for blockchain projects in many of the world’s largest banks, consulting firms, financial technology and IT companies.

 

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Source: https://www.multichain.com/blog/2017/03/wolfram-mathematica-multichain-integration/

Blockchain

TA: Why Bitcoin Must Clear $19.3K To Start A Fresh Rally Towards $20K

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Bitcoin price remained in a range above the $18,500 support against the US Dollar. BTC is trading above $19,000 and it could start a strong surge if there is a clear break above $19.3K

  • Bitcoin is currently holding the $18,800 and $19,000 support levels.
  • The price is facing a major resistance near $19,300, but it is above the 100 hourly simple moving average.
  • There is a major contracting triangle forming with resistance near $19,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start a strong rally if there is a clear break above the $19,300 resistance zone.

Bitcoin Price is Stuck In Range

Yesterday, we discussed the importance of the 100 hourly simple moving average and $18,800 for bitcoin price. BTC did find a strong support near the 100 hourly simple moving average and there was no downside break below the $18,500 support.

The price seems to be trading in a broad range above the $18,500 and $18,800 support. The last swing low was formed near $18,117 before the price climbed above the 50% Fib retracement level of the key downward move from the $19,957 swing high to $18,117 swing low.

The price is now facing a major resistance near $19,300, but it is above the 100 hourly simple moving average. It seems like there is a major contracting triangle forming with resistance near $19,300 on the hourly chart of the BTC/USD pair.

Bitcoin Price

Source: BTCUSD on TradingView.com

The triangle resistance is close to the 61.8% Fib retracement level of the key downward move from the $19,957 swing high to $18,117 swing low.

Therefore, a close above the triangle resistance and $19,320 could open the doors for a larger increase. The next key resistance is near the $19,500, above which bitcoin might test the $20,000 zone.

Downside Break in BTC?

If bitcoin fails to clear the $19,300 resistance level, there is a risk of a downside break. An initial support is near the triangle lower trend line at $18,800 and the 100 hourly simple moving average.

A downside break below the $18,800 support level could push the price towards $18,500. Any more losses may possibly spark a sharp decline towards the $18,000 level.

Technical indicators:

Hourly MACD – The MACD is slowly gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently just above the 50 level.

Major Support Levels – $18,800, followed by $18,500.

Major Resistance Levels – $19,300, $19,500 and $19,800.

Source: https://www.newsbtc.com/analysis/btc/bitcoin-must-clear-19-3k-to-start-rally/

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Chainlink recovery hampered under $14.5 but these key support levels hold the fort

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  • Chainlink holds above the critical support provided by the 50% Fibo in conjunction with the 100 SMA.
  • LINK/USD could resume the uptrend as long as the price reclaims the position above $14 and holds the 50% Fibo support.

Chainlink’s upside recently hit a wall amid the recovery from the Thanksgiving Day crash to $11. Several barriers were pushed into the rearview but LINK failed to sustain gains above the stubborn resistance at $14.5. Meanwhile, it is still difficult to sustain the uptrend, now that the price slipped under $14.

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Chainlink holds above critical support

At the time of writing, the decentralized oracle price feed token is trading at $13.9. Immediately on the downside, the 50% Fibonacci level is providing support. Additionally, the 100 Simple Moving Average on the 4-hour chart, adds credibility to the support.

Holding anchor above will cement the bulls’ position in the market while setting up Chainlink for a price action eyeing $18 in the medium term. As mentioned earlier several resistance levels are likely to delay the recovery, including $14.5, $15 as well as $16.

LINK/USD 4-hour chart

LINK/USD price chart
LINK/USD price chart by Tradingview

On the other hand, trading under the 50% Fibo and the 100 SMA might trigger massive sell orders. If enough volume is created, LINK would be forced to seek balance at the 50 SMA and the 38.2% Fibo. The bearish outlook has been reinforced by the Relative Strength Index after stalling slightly above the midline.

In case of extended declines, the 200 SMA is in line to cushion Chainlink from a massive drop. However, last week’s support at $11 would be the last resort before LINK enters into a downtrend with the potential of refreshing levels under $10.

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Chainlink intraday levels

Spot rate: $13.9

Relative change: -0.034

Percentage change: -0.2

Trend: Short-term bearish bias

Volatility: Low


To keep track of DeFi updates in real time, check out our DeFi news feed Here.

Author: John Isige




John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. His main focus is on cryptocurrency price analysis and industry news coverage. Lets follow him on Twitter at @jjisige

Source: https://coingape.com/77191-2/

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TrustToken and Syscoin Partner on a Stablecoin Bridge

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Decentralized marketplace and e-commerce protocol Syscoin has partnered with the stablecoin platform TrustToken.

The goal of the collaboration is to speed up payments and to provide further solutions to Ethereum’s blockchain. It also means that the five stablecoins of TrustToken, namely TUSD, TGBP, THKD, TCAD, and TAUD, will run on Syscoin’s blockchain and be available for users.

A Collaboration Between Syscoin and TrustToken

According to a release shared with CryptoPotato, the popular decentralized marketplace and e-commerce protocol Syscoin has teamed up with stablecoin platform TrustToken.

Right off the bat, this means that the stablecoins provided by the platform will now run on Syscoin’s blockchain as well. These are TUSD, TGBP, THKD, TCAD, and TAUD.

Stablecoins have grown in popularity over the past few months, mainly because of the DeFi boom, where they are used to enable staking, liquidity provision, and so forth. However, there was also an obvious challenge with all of it – scaling. Supposedly, Syscoin is intended to help with that. Using Z-DAG (Zero Confirmation Directed Acyclic Graph), the protocol claims to be able to settle transactions in less than 10 seconds with comparatively low fees.

The partnership will also enable users to mine two cryptocurrencies at the same time – SYS and BTC.

Distribution of the Roles

While Syscoin’s task would be scalability, TrustToken comes in for the stablecoin part. It’s a platform that aims at an open financial system through a selection of stablecoins.

The stablecoins it offers are collateralized, and it has also partnered with Chainlink, as well as other protocols.

The overall partnership is aimed at creating a solution for scalable and secure token payments at a lower risk interoperability with Ethereum’s network. It should make TrustToken’s stablecoins function quicker and cheaper following the enabling of the bridge.

Speaking on the matter was Syscoin’s Foundation Chairman Jag Sidhu, who said:

“Digital assets have growing needs for better usability, robust decentralized security, and a scalable way of ensuring every transaction complies with regulations. Syscoin uniquely aligns with all of these requirements. We look forward to TrustToken’s family of stablecoins becoming future-proof and gaining significant advantage with Syscoin.”

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Source: https://cryptopotato.com/trusttoken-and-syscoin-partner-on-a-stablecoin-bridge/

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