Connect with us


NEO based blockchain firm O3 Labs announces the launch of its desktop version

Priyamvada Singh



NEO based blockchain firm O3 Labs announces the launch of its desktop version
Source: Pixabay

On 27th August, the official Twitter handle of O3 Labs tweeted a post about the launch of its desktop version. It is a blockchain company built on NEO’s technology that provides lite wallet support to the cryptocurrency community. O3 Labs announced its support for the Ontology Mainnet and the NEP-5 ONT and ONG tokens about two months ago. The same was also tweeted by Ontology.

Ontology's tweet on O3 Desktop launch | Source: Twitter

Ontology’s tweet on O3 Desktop launch | Source: Twitter

Along with the integration of ledger for NEO and Ontology, the users on O3 desktop can operate multiple wallets simultaneously. Furthermore, the application will be available on Windows, Mac and Linux. The main screen of the desktop includes functions that enable the users to claim their GAS and ONG tokens, exchange digital assets, check the history of transactions and view the current markets.

Post this launch, the company wants to enable more flexibility for the mobile users. To achieve this, O3 is planning to add support for dApps [decentralized applications], trading, the marketplace, news feeds and more.

Crypto B, an Ontology supporter and blockchain-enthusiast on the announcement commented:

“Great! Will i finaly get my second airdrop onts i will test it today.”

Here, O3 Labs replied to the user. It wrote:

“Make sure you reinstall the Ontology ledger app once, before trying ;)”

Another ONT user and crypto-enthusiast dropped a comment, revealing:

“Still the same problem, need 0.01 ong to send your ont to an other wallet… have no ong and ex. on binance no ong markets”

Earlier this month, the NEO Smart Economy platform suffered a vulnerability related to Denial-of-Service [DoS]. The issue was resolved within a short period of time when the Founder of NEO, Erik Zhang launched a bug fixer before the attackers could misuse the bug.

Earlier today, Ontology was recorded to have witnessed a bullish trend in the past 24-hours, along with two other tokens, MIOTA and VET. At press time, ONT has hopped up by 4.59%, trading at $2.50 with a market cap of $461.1 million. The trading volume of ONT in the last 24-hours is $121.5 million, according to CoinMarketCap.

Subscribe to AMBCrypto’s Newsletter

Follow us on Telegram | Twitter | Facebook

Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.


Tron’s Justin Sun claims stablecoins will be key to cryptocurrency development

Akash Anand



Tron CEO claims stablecoins will be the key focal point for cryptocurrency development
Source: Pixabay

The Justin Sun-led Tron has been in the news multiple times recently, thanks to its regular updates and noticeable price hikes. The CEO has also played a very active role in promoting the cryptocurrency, as exhibited by his recent AMA on Periscope.

Sun focused on how the initial success with protocol governance in the Tron ecosystem paved the way for future developments in the blockchain. The CEO stated,

“Tron had 27 Super Representatives passing 17 new protocols out of which 10 were voted in and accepted. Tron is also the third blockchain after Ethereum to be associated with the stablecoin Tether.”

Justin Sun further opined that 2019 was the year of the stablecoins and that inked assets will be a key focal point when it comes to future developments. He believes that the stablecoin system is the ecosystem in which centralized finance will be taking off. Sun added,

“We will be collaborating with more parties to boost Tether USDT use cases in the TRX ecosystem.”

The Tron Foundation had launched Tether on the TRX blockchain in April to much fanfare, with Tron tweeting,

“Today #USDT is launched on TRON’s blockchain. $USDT is issued by @Tether_to on the #TRON network based on #TRC20 protocol. There will also be a total reward of 20 million $USDT for 100 days. $USDT will be fast, free and smart! #TRX #BTT”

This program was later postponed due to certain discrepancies that came to light post the Tether-Bitfinex episode. Another topic touched on by the Tron CEO was the much-celebrated BitTorrent, which has come a long way since its acquisition by Tron in 2018. Sun admitted that BitTorrent was ‘integral’ to the overall growth of Tron’s development cycle. BTT recently completed its fifth airdrop on June 11, right after the Tron blockchain had breached the 10 million mark in terms of block height. The BTT airdrop involved the transfer of close to a billion tokens which were sent as a reward to TRX holders.

Subscribe to AMBCrypto’s Newsletter

Continue Reading