In an interview with Bloomberg, Wenzel Casares, founder of the crypto-cold storage company Xapo, explained that he will only consider Bitcoin and crypto currencies successful if they become the worldwide standard:
I think it would be irresponsible not to acknowledge that it might not work. I think the odds that this experiment won’t work are not trivial. […] This is part of a technical experiment and although it has proven to be incredibly robust, it could still fail. Technology is made by people, people are fallible, and we might find something we haven’t found in 10 years that makes the system worthless. I think it’s more likely it won’t, but it could happen. I think at this point the chances of success are better than the chances of failure.
You can see the whole interview below.
Ripple has released a new episode of “The Ripple Drop”. The new Die Episode is about Ripple’s different products, how they can be used together over RippleNet. In addition, the new Ripple feature “Multi Hop” is explained and a look at the quarterly report Q3 is taken.
The Privacy Coin Zcash has completed its network upgrade with the name “Sapling”. The upgrade significantly improves the transaction speed of shielded addresses and reduces the actual size of transactions.
At present, most Zcash transactions are sent via transparent addresses that work in the same way as Bitcoin. The main reason for this is that the system requirements on the processing computers are too high to perform shielded transactions. This changes with Sapling. In this respect, ZCash hopes that shielded transactions will now be carried out more frequently and that mobile payment solutions for smartphones and stock exchanges will also be developed.
Success! We’re happy to announce that the #Zcash Sapling network upgrade activated today at block height 419200. #Sapling introduces new #shielded addresses with significantly improved performance. Learn more: https://t.co/IGoqNdlz3N pic.twitter.com/6VpKcMteCa
– Zcash Company (@zcashco) October 29, 2018
OceanEx, a crypto exchange and asset management platform based on the VeChainThor blockchain, is about to be launched. Inpayments and disbursements should be activated from the first week of November.
Due to the VET wallet system upgrade, VET deposit function will be temporarily suspended from 22:00 (UTC+8) Oct 27th (today). Both VET deposit and withdraw functions will be available in the first week of November, 2018. https://t.co/IrWGdg3RyZ
– OceanEx Official (@OceanexOfficial) October 27, 2018