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BORA hosts meetup in Korea to discuss development, partnerships, and business direction

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BORA hosts meetup in Korea to discuss development, partnerships, and business direction
Source: Bora

WAY2BIT [CEO Song Gyehan], developer of blockchain-based digital content platform BORA, held a project meetup at the DECENTRE blockchain café in Gangnam, Seoul on November 22nd. More than 100 blockchain enthusiasts and partners were invited to participate.

The meetup began with a greeting from WAY2BIT CEO, Song Gyehan who provided a status update on the BORA blockchain platform. He also discussed the future business direction of the ecosystem as well as the status of partner projects that are currently in development.

WAY2BIT CEO Song Gyehan introduces the BORA ecosystem and discusses future business direction

WAY2BIT CEO Song Gyehan introduces the BORA ecosystem and discusses future business direction

WAY2BIT CMO, Lee Seung-hee announced plans to list the BORA token on exchanges later this year. He explained that they are currently in negotiation with a number of local and foreign exchanges and are preparing for listing before the end of 2018.

WAY2BIT CTO, Lee I-Goo introduced the BORA public beta named BORA LAGOON, which launched in Q4 2018. He further explained that the team is focused on development of the main BORA release, which is expected to launch in Q2 2019.

The BORA ecosystem uses a dual blockchain structure which consists of an idyllic Mainnet and multiple sidechains. Each side chain set can handle 2,200 TPS [transactions per second]. The BORA solution is modular and expandable.

For example, a five-set sidechain would have a capacity of 11,000 TPS by utilizing the 2,200 TPS per side chain across all five sets. Lee I-Goo also explained that there are no structural limitations for side chain expansion, so performance can theoretically be expanded indefinitely.

A scene at the BORA meetup held at DECENTRE blockchain café in Gangnam on November 22nd

A scene at the BORA meetup held at DECENTRE blockchain café in Gangnam on November 22nd

In the second section of the meetup, partners presented on various areas such as gaming, music, webtoons, healthcare, and real estate. They also provided updates on partnership progress.

CEOs and high-ranking officers from companies such as BlockWater Capital, Emong Games, ENP GAMES, Neon Games, SUPERTREE, UNIT5, Assum Ventures, HURAY POSITIVE, MODU TOWN, WISEPEER, and INFOSEED announced partnership cases with BORA, citing the platform’s flexibility.

WAY2BIT CEO Song Gyehan provided his closing remarks:

“Thank you for your interest and support during this meetup. We will concentrate on the development and expansion of the BORA system which anyone can use in fields such as gaming, music, webtoons, healthcare, and real estate, in addition to the area of digital currency. Thorough testing is conducted continuously to provide stable and reliable service.”

Founded last December, WAY2BIT is the developer of blockchain-based digital content platform BORA whose team consists of staff specialized in platform development, infrastructure deployment and operation, service system development, and game creation and services.

As a blockchain platform based on the BORA token economic structure, BORA can be used in a variety of industries such as gaming, music, and digital entertainment, making it possible to build digital ecosystems and transparently circulate digital content.

BORA is being developed with the goal of improving the reliability of existing digital content platforms and developing a stable and reliable platform for users to recognize the value of digital assets.

To learn more about BORA, please visit the links below:

Website

BORA Lagoon testnet

Telegram

Twitter

Medium

Reddit

Email



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AMBCrypto is not responsible for the content included in this article. Readers' discretion is required while visiting the links given in the report as AMBCrypto is not responsible for the products or services.

Altcoins

Tron [TRX] energy cost to be reduced from 20 sun to 10 sun

Priya

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Tron [TRX] energy cost to be reduced from 20 sun to 10 sun
Source: Unsplash

The whole cryptocurrency market has been witnessing a steep downward trend for the past couple of weeks. Even the major cryptocurrency like Bitcoin [BTC], Ethereum [ETH] and XRP, have lost the battle against the ice king. This negative trend has broken down most of the new projects in the market, especially the investors’ sentiments. There are also a few projects and team that are finding it hard to continue their operations because of the bear’s ever-growing presence.

Despite this, Tron [TRX], the tenth-largest cryptocurrency by market cap, continues to make advancements in terms of network development. Justin Sun, the founder and CEO of Tron Foundation presented the second proposal, Proposal 9, has been approved by 2/3rd of the governing body. The proposal is aimed at making the network a developer friendly environment by reducing the energy cost from 20 sun to 10 sun, which, in turn, reduces the cost of smart contact.

Justin Sun's tweet on the proposal | Source: Twitter

Justin Sun’s tweet on the proposal | Source: Twitter

At the time of writing, the proposal had received 22 approvals and no disapprovals. The representatives who voted for the proposal includes Justin Sun Tron, Tron Society, BitGuild, Tron One, Lianjinshu, uTorrent, Crypto Guy in ZA, Infinity Stones, Alle Exchange, Tron Alliance, TronWalletMe, Raybo Tron, BitTorrent, Blockchain Org, CryptoChain, Sesameseed, callmeSR, DApp House, Tron Spark, TRX Market, Sky people, and Tron Europe.

The first proposal of the month was related to maximizing the energy limit of the network, which was also aimed at supporting the developers of the ecosystem. The proposal was approved by all 28 Super Representatives of the network. Super Representative are the representatives of the community and validators of the node who are elected by the token holders. These representatives are given the power to vote for the activation of the features of the Tron Virtual Machine, with the focus on the betterment of the entire community.

Earlier today, the CEO of the Foundation spoke about how Tron surpassed Stellar Lumens, the fourth largest cryptocurrency by market cap. He said on Twitter:

“According to @CoinMarketCap, there are 159 trading pairs of #TRON which already surpassed 157 trading pairs of Stellar. #TRX was already listed on more than 100 exchanges, including Crypto/Crypto & Crypto/ Fiat trading pairs”

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Analysis

XRP/USD Technical Analysis: Sideways movement to end as breakout imminent

Priyamvada Singh

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XRP/USD Technical Analysis: Sideways movement to end as breakout imminent
Source: Pixabay

As the cryptocurrency market switches their allegiance between the bull and the bear, XRP is painted red at the moment. The token is slumped by more than a percent wherein the coin is trading at $0.3 with the market cap of $12.4 billion. The 24-hour trading volume is calculated at $305.8 million.

1-hour

XRP 1-hour candlesticks | Source: tradingview

XRP 1-hour candlesticks | Source: tradingview

In the 1-hour price chart, the downtrend is ranging from $0.315 to $0.311 whereas the uptrend is extending from $0.301 to $0.308. A clear possibility of a trend breakout is visible as the prices are packed tightly, ready to explode in either direction.

The Parabolic SAR is bullish on the cryptocurrency as the dots have assembled themselves below the candles to support the bull.

The Aroon indicator is showing a greater strength in the downtrend, which is a bearish sign for XRP. However, it can be observed that the red trend is losing its power and crashing.

The Awesome Oscillator is slightly bullish on the coin as the bars have turned green at present.

1-day:

XRP 1-day candlesticks | Source: tradingview

XRP 1-day candlesticks | Source: tradingview

In the 1-day timeline, the downtrend is stretching from $0.51 to $0.31 whereas the uptrend has been observed from $0.27 to $0.3. A trend breakout is not visible as of now.

The Klinger Oscillator has made a bullish crossover by the signal line. This indicates that the reading line is traveling in favor of a green trend.

The RSI is extremely bearish on the cryptocurrency as the indicator has crashed to the bottom of the graph. A trend reversal is not expected as well, as the reading has not hit the oversold zone.

Conclusion:

In this technical analysis, it is clear that the indicators are giving a mixed sign, advocating for a sideways trend. However, since a trend breakout is predicted in the shorter timeframe, a bullish win might take over the price chart.

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