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Neptune DASH now trades in both the US and EU

Aman Swami

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Neptune Dash now trades in both the US and EU
Source: Pixabay

Neptune Dash which publicly trades on Canada’s TSX-Venture Exchange, went public in January raising over 23 million Canadian dollars. The proceeds of it were used in buying Dash and setting up masternodes. Neptune Dash’s shareholders effectively own a small percentage of the masternodes that Neptune Dash has set up.

Tweet by Dash

Tweet by Dash

Neptune Dash is now listed on the Frankfurt Exchange, giving it access to EU. In the US, the company trades over-the-counter [OTC]. Prior to this only the Canadian investors had access to investment in Neptune Dash but after this, the investors from EU and US can directly invest in the company. In the US, a broker is required to invest in Neptune Dash as it trades over-the-counter [OTC].

Neptune Dash’s Troy Wong says:

“Neptune Dash is the perfect way for investors to invest in the Dash ecosystem through a regulated and publicly traded company.”

Masternodes carry voting rights on proposals. Each masternode has 1 vote and this vote can be used on budget proposals or important decisions that affect Dash, which has the investors clamoring for ownership of a fraction of a masternode and share in the regular masternode payouts.

To own a masternode, investors till date had to trust the service and transfer their Dash. They have been looking for a trustless way of owning a fraction of a masternode for a long time. With the availability of Neptune Dash on both the US and EU markets, the investors can finally enjoy the ‘trustless way’ of owning a fraction of a masternode.

While trustless masternode shares were announced long ago as part of Dash Evolution, they remain on the distant horizon.



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Aman Swami is an Economics major from Christ University. He is very passionate about cryptocurrency and understanding of financial markets.

Ripple

Ripple’s David Schwartz: Distributed ledger is important as everyone on it enforces the rules

Akash Anand

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Ripple's David Schwartz: The distributed ledger is important as everyone on it enforces the rules
Source: Unsplash

The cryptocurrency market has been buckling under the weight of the bear for some time now which has forced a lot of popular individuals to speak about the crash as well as assure users to HODL. In a recent talk with the Internet History Podcast, David Schwartz, the Chief Technology Officer of Ripple spoke about the early days of cryptocurrencies as well as the formation of Ripple and XRP.

Schwartz, who has been called ‘Ripple’s trillion dollar man’ spoke about his initial stint with cryptography and what directed him onto the path of digital assets. He stated that he had worked on problems plaguing the internet with the key focus being on security and crowd storage.

According to him, the pressing issue was keeping data in a cloud and also keeping them secure, a concept unheard of at that time. In his words:

“Multiplying the value of information was key. We all had technology focused on transferring data but nothing related to value as such.”

Schwartz added that Ripple and XRP’s entry into the market all began when public encryption was made available to the masses. He stated that in the early days everyone was just using symmetric encryption that was not suitable for commerce. With the advent of public encryption, people in technology realized that money was the only commodity that was left to be transferred quickly and safely.

The Ripple official also spoke about early technologies that paved the way for Bitcoin to catch the public’s eye. He spoke about how concepts like RipplePay and Hash Cash laid the foundation for Ripple and Bitcoin to build upon. The CTO stated that post the arrival of Satoshi Nakamoto, users were given an ecosystem that does not require a trusted third party. According to him:

“ Unlike traditional systems, the absence of a trusted party makes it easier and more secure for data to move around. The system was built on the idea that everybody in the ecosystem enforces the rules and it’s not just one governing body.”

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Bitcoin

Bitcoin’s divisibility and transportability make it much more flexible than digital gold

Priya

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Bitcoin's divisibility and transportability make it much more flexible than digital gold
Source: Unsplash

Andreas Antonopoulos, the author of Mastering Bitcoin and a Bitcoin proponent, spoke about Bitcoin as a digital currency and whether it would be limited to being just that, in his latest Q&A session on Youtube.

The author was asked about the possibility of Bitcoin becoming the world’s reserve currency, a digital gold and whether other cryptocurrencies would be used as a day-to-day currency. To which, he said:

“I don’t know. I think it would surprise me, actually, if Bitcoin could only fit into the niche of ‘digital gold.’ Bitcoin has characteristics of divisibility and transportability that make it… much more flexible than digital gold.”

Antonopoulos stated that gold is not a good medium of exchanges, because of the difficulty related to verifying whether it is real. He also stated that the store of value is “heavy to carry”, adding that the more one tries to make it fungible and divides it into smaller pieces, the harder it gets to verify its authenticity. According to him, verifying gold in larger amounts, which are stamped by reputable third parties, is easier.

“Then the cost of storing and securing gold is so high that it is better done in a custodial manner, where you put it in a vault and have professionals guarding it. You [are left] with a little paper certificate [of ownership], which have other problems like hypothecation. [All of this] makes it difficult to use [gold] directly as a medium of exchange.”

This was followed by the author remarking that these problems are not prevalent in Bitcoin, even though there is “greater complexity” when it comes to securing the cryptocurrency. He went on to say that this would cause some pressure towards third-party custodians, however, if that pressure is going to be lesser in comparison to the current system, it would still be a “more decentralized future”.

“The ability to transport bitcoin very quickly, in very small amounts [or very large amounts], [including] with second-layer networks that are even faster [and smaller] at the level of microtransactions”

Moreover, the Bitcoin proponent thinks that Bitcoin could be a “very effective” medium of exchange and store of value, adding that the volatility would decrease through use and volume, wherein the currency would not be witnessing a major price fluctuation making it “less speculative in nature”.

“That doesn’t mean there won’t be other coins which [are used] for everyday currency. I think there will be [others]. I don’t think Bitcoin will be just digital gold. It may become a world reserve currency, but I think the concept of a unitary world reserve currency [would] no longer be relevant.”

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