What’s all the fuss around Layer 0? 🤔

We cover some of the security and scaling challenges in improving P2P networking in this presentation!

Link: https://youtu.be/LQd8D4KhgQk

Follow/Like/RT: https://twitter.com/MarlinProtocol/status/1240316091357773824

#Adoption #Gaming

We’re excited to announce our partnership with the hugely popular open-world creation game The Sandbox - which has received 40m+ downloads & frequently ranked #1 on DappRadar!

The Sandbox is a decentralized gaming platform leveraging NFTs and blockchain technology to empower creators, artists and gamers. The Sandbox team is backed by Animoca Brands, one of the largest publicly listed gaming companies active in the blockchain space.

Following two hugely successful presales of the game's virtual spaces, known as LAND, The Sandbox will be conducting their third presale for 10% of the available LAND supply at a 20% discount, beginning on March 31st.

We look forward to working closely together to accelerate their journey towards mass adoption and provide a superior UX for their rapidly growing user base 🤝

Read more about our collaboration here: https://buff.ly/2J1QWYy

Retweet: https://twitter.com/maticnetwork/status/1240692232962764800

#TokenListing

Giottus exchange has listed MATIC with our first-ever MATIC/INR trading pair! 🎉

We’re thrilled to announce our latest listing on Giottus, one of India’s fastest exchanges! Giottus offers near-instant INR withdrawals & various fiat trading pairs, increasing $MATIC liquidity to our Indian community.

Deposits and trading of MATIC are now live via INR, BTC, USDT, and TUSD trading pairs.

In celebration of the listing, on Monday, March 23rd, Giottus will launch a referral program offering the community a chance to secure MATIC tokens 🥂

Happy trading!

Trade here: https://www.giottus.com/tradeview?basecoin=INR&paircoin=MATIC/INR

Retweet: https://twitter.com/maticnetwork/status/1241357918705823744

Few more hours to go!

Phase 2 of Pre-Public #TokenSale Begins at 12:00pm IST

Token Sale Page Right pointing backhand index http://bit.ly/2QDBdDg

#BNS #bnstoken #crypto #cryptocurrency #Blockchain

#Adoption #Gaming

Somnium Space selects Matic as its scaling solution of choice

Somnium Space is an open, social, blockchain-powered virtual reality world, in which users can buy land, build or import objects and easily monetize their experiences.

Originally using Loom Network, Somnium Space has decided to migrate onto Matic’s high-performance infrastructure to power their complex in-game economy - comprising items such as avatars, NFT collectibles, and more.

In the run-up to their Secondary Land Offering, the Somnium team is currently auctioning off 25 land parcels per week over a 10-week period for those who wish to purchase land in the virtual world.

Read about their hugely successful first week & how you can participate here: https://buff.ly/2UvVjAr

We’re thrilled to welcome Somnium Space into our Dapp ecosystem and look forward to providing their rapidly growing user base with a superior UX 🤝

Read more: https://buff.ly/2J7yDBf

Retweet: https://twitter.com/maticnetwork/status/1242378035925401600

DAMN...$400 MILLION

https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million

#Transparency

We are setting up new standards of transparency for the industry!

Going forward any Matic token transfers from Matic Foundation Account will be annotated along with a reason for the movement in a public spreadsheet (Linked Below) so that our community is, at all times, aware as to why the token movement is taking place.

As we have always maintained at Matic community well being takes the first priority! Stay tuned for more updates on the upcoming token unlocks.

https://docs.google.com/spreadsheets/d/1s_LamW83iGRfs_lGu2U8Tudhj8uftxlQplQJ2m5YMnY/edit?usp=sharing

Retweet: https://twitter.com/maticnetwork/status/1245059437532000257

Binance, has recently completed the acquisition of CoinMarketCap, cryptocurrency data tracking site


https://www.binance.com/en/blog/421499824684900494/Binance-x-CoinMarketCap-Joining-Forces-to-Make-Crypto-More-Accessible-Worldwide

“Battle of Elrond” launches in the Samsung dApp store

Starting today, the “Battle of Elrond” blockchain game from Elrond Network will allow Samsung Galaxy & Note users to engage with a medieval multiplayer 5v5 PVP arena, featuring a blockchain-based in-game economy integrated with the Samsung Blockchain Wallet. 

We are thrilled to work together with Samsung to bring new and exciting blockchain experiences to the Samsung Galaxy ecosystem of devices.

* Availability of the Samsung Blockchain Wallet app may vary by device, country, and carrier.

🔥 New players receive a welcome bonus for 5 PvP games.

👀 Read the official announcement: https://medium.com/elrondnetwork/battle-of-elrond-launches-in-the-samsung-dapp-store-c09ba6d5d76f

🎮 https://battleofelrond.com

Beniamin Mincu discusses the importance of blockchain in the internet era and tells the story about how Elrond set out to bring 1.000x improvements directly at the bleeding edge of innovation.

“The internet had two important inflection points for growth: the move from text to graphics through browsers like Mosaic and Netscape, and later the move from dial-up to broadband. Elrond will bring the same improvements in simplicity and performance to the blockchain space, enabling a new wave of growth.”

Read the article (link) and watch the full interview (link).

#CommunityFirst #TokenUnlock

April 2020 token unlock details: 100% of Team and Foundation tokens allocated towards staking

We take pride in being the most community centric project. Our token release schedule, which was painstakingly designed by the team with the best interests of the community and the Matic Network ecosystem, kept this explicitly in mind and we are ready to take further considerations for the community in these tough times.

April 2020 unlock highlights:

• 100% of unlocked Team and Foundation tokens are being allocated towards staking activities.
• 100% of Ecosystem tokens are to be used gradually for the long-term growth of the Matic ecosystem via a series of initiatives.
• ~89% of tokens unlocked on 26 April 2020 NOT to be released into the market.
• Only ~1.3% of the total supply, the Advisory tokens (133,000,000), will actually be distributed. Of these, our advisors have committed to voluntarily deploy at least 50% of these tokens to staking.

Read the full details on our blog here: https://blog.matic.network/april-2020-token-unlock-100-of-team-foundation-tokens-allocated-to-staking

Retweet: https://twitter.com/maticnetwork/status/1247271972016275457

5 minutes to go!
KardiaChain (KAI) will start being traded on Gate.io at 12:00 China time.

We have successfully raised $19.2 mil total on Gate IEO yesterday.
We would like to say thanks to all partners, supporters and Kardians who continously contribute to our journey!

The race to a Billion users: Investing in the Indian Blockchain Ecosystem.

Read More: https://bit.ly/2VfMzhZ

#ExchangeListing

We’re thrilled to announce that MATIC is being listed on leading global crypto exchange Poloniex!

Established in 2014, Poloniex has risen to become a major global digital assets exchange praised for its high standard of advanced trading features.

Deposits for MATIC are now open, with trading going live at 1 AM IST tonight, April 11th. Poloniex users will be able to trade MATIC via the pairs MATIC/BTC, MATIC/USDT, and MATIC/TRX.

In celebration of our listing, Poloniex is launching a 7-day trading competition, offering users the chance to win a share of a prize pool of 2,100,000 MATIC tokens! 🎉

In addition, Poloniex is also giving away a total of 100,000 MATIC to the first 100 customers who deposit at least 500 MATIC into their Poloniex account! Start depositing now: https://poloniex.com/wallet/MATIC/receive

Read more :
https://medium.com/poloniex/welcome-to-poloniex-matic-58334900734a

Retweet: https://twitter.com/maticnetwork/status/1248647115053522951

Complexity in building a state sharded blockchain - insights on how things look before a mainnet launch

We've managed to increase the speed of development during the last weeks. It's kinda fun testing the limits but also painful. Here's a glance behind the scene👇

To start the next Battle of Nodes phase, everything we need is

- a feature complete code freeze
- robust stability against known attack vectors

💪 So our team has been pulling 14-16 hour work days to move a few mountains, and get the stuff done.

👨‍💻 Here’s how integrating a feature looks like:

Idea -> Specification -> Peer review -> Code pull request -> 2 peer reviews -> merged in test branch -> deployed for large scale testing -> bugs found -> bugs fixed pull request -> 2 peer reviews -> internal hacking -> merged in Master branch

🏋️‍♂️ There are 3 challenges we've been facing, but we've now almost solved them.

1️⃣ Stability - Though we've reached good network stability in the past releases, with each new feature we merged during the last days, stability got a reset. New testing, new bugs, new fixes. Rinse & repeat.
2️⃣ Complexity - Growing system complexity has become increasingly difficult to manage at this speed. Monster large codebase, multiple interdependencies, many features added in a short timeframe, tricky bugs emerging & isolating them takes longer than expected.
3️⃣ Estimates - Given the several levels of overlapping complexity, calculating precise time schedules for a release is practically impossible. All we have, is insane effort directed at these problems, good progress being made, and a rough estimate of next expected release. These estimates are based on: number of features still being integrated * days it takes on average to integrate, perform all tests, and reach stability with new features.

👌 The good news is our solutions are in sight:

1️⃣ Most features are already implemented, the last few are being processed right now.
2️⃣ New tools for managing complexity will be put in place.
3️⃣ Once features are done, predicting timeframes becomes 50% better.

Building a state sharded proof of stake architecture is hard. Doing it on an aggressive schedule is even harder. This is why most projects have failed, and Ethereum will not be able to deliver any working solution in the next 2 years, despite what $ETH supporters might tell you.

💡 Complexity is high, but far from unsolvable. In fact, we are 98% done for Genesis. The last 2% will be:

- finishing 1-2 features and stabilizing via heavy testing
- trial by fire via Battle of Nodes

🤔 Honestly, I'm quite surprised no one is talking about this complexity, especially given how early and unstable the other state sharded architectures look in practice. This might mean they're basically faking it, or maybe they're too far behind to have stumbled into this. Remember, the problem with state sharding has not been a theoretical one. We've published a full solution 2 years ago.

The problem has ALWAYS been in building the solution. This might mean the new moat for open source tech, equivalent to old patents, is the capacity to conquer complexity at high speed.

A high throughput, low latency, high security, low cost blockchain is not sufficient for the next wave of adoption, but without it it's an impossibility. You might think you can get around the performance problem, but there's no shortcut. It will become an inevitable bottleneck. Having the tech is a major achievement, but adoption is the name of the next game level.

🔥 For this, we have a new solution, to be unveiled soon

RT: https://twitter.com/beniaminmincu/status/1249650877826240514?s=20

#Staking

Poloniex is launching their 21-day ‘MATIC Hodl & Earn’ campaign, offering an interest rate of 35% APR!

Poloniex’s MATIC trading competition, which is concluding in the next few hours, has generated such a huge amount of interest that they’re launching yet another community campaign for MATIC token holders!

Poloniex is launching their 21-day ‘MATIC Hodl & Earn’ campaign later today, offering the community the chance to earn 35% APR on your MATIC balance, simply by holding your tokens on Poloniex.

🗓The campaign will run from 11.30 PM IST today, April 17th, until 11.29 PM IST on May 8th, 2020.

Read the full details here: https://buff.ly/3con2u0

Retweet: https://twitter.com/maticnetwork/status/1251177561117229056

OIL May contract trading at $-1.43
Atleast shitcoins never go below 0 and they call crypto risky.

A thread on -
What led to the fall in OIL?
What is the Correlation between Brent and WTI?

The WTI crude is a particular quality of crude oil in the US that is traded in the markets like other stocks and commodities. Just like other commodities there are various expiry contracts like a May expiry, June expiry and so on for various future months.

The contract states that anyone who bought the contract and holds till the expiry needs to actually take the delivery of the crude at a place called Cushing in Oklahama which is basically the hub/ market for oil. Vice-verca for the seller of the contract.

The case in hand is the May expiry crude price which has settled negative $37/bbl. In simple terms the contract means that anyone who holds the contract promises to buy the crude at Cushing.

Now the situation that has occurred is that there are some participants (traders/refiners/oil producers) who will either have actual physical oil with them during May month or had taken speculative position. Now they dont need it for whatever reason.

In a usual scenario, they would have escaped easily by selling the contract in the market but these are unique times. With the Covid 19 pandemic taking away more than 25% of oil demand currently, their is a huge surplus of oil in the US.

Refiners have filled their capacity, airlines dont need it and producers cant suddently switch off the tap. This had led to a big jump in crude storage at Cushing. With recent developments there is an estimate that storage might be filled totally by May mid.

So then, what does the buyer (usually a Refiner/ airline) of the May contract do? Usually he would have bought and either used it or kept at Cushing or his own storage to use it later on?

But Cushing is likely to be full. Other option usually is to take it out through a pipeline to the shore and keep it in a vessel and use it when demand is there.

Well uniquely again, because of the glut, the pipelines which were taking the crude have reversed the flow and getting the crude in to Cushing. On top of it, even if you get the crude out to the shore, the vessels have already been booked and are simply not available.

So what does a holder of a contract do? Lets say if he is a trader? He certainly cant take the actual delivery. So he will sell it at whatever price - even negative. If indeed the inventories are full, the buyer will perhaps take the delivery and store it in truck tanks perhaps.

The Elrond mainnet will launch with Binance $BUSD as the first stable coin

The Elrond mainnet will launch soon with the Binance $BUSD as the first available stablecoin. Developers can already start building on the Elrond testnet with a dedicated IDE and smart contract frameworks for the most popular languages. This way they get a head start on implementing new DeFi use cases and receive 30% royalties from their smart contracts.

Stable coins in general have also seen a spike in use, with transactions nearing $100bn so far in 2020, almost three times more than in 2019. Slow transactions, long confirmation times and large fees are seemingly inescapable infrastructure problems today. Elrond’s innovative infrastructure & economics will enable it to capture a significant portion of the existing transactions and make it the obvious choice for new ones.

“Given that the Elrond launch is so close, the immediate availability of the Binance $BUSD will put the high performance capability of our network to great use. This collaboration marks an important step in our focus to significantly improve current blockchain use cases, and enable new ones as soon as Elrond goes live”. said Beniamin Mincu, Elrond CEO.

Read more: https://medium.com/elrondnetwork/binance-leverages-the-elrond-blockchain-for-fast-inexpensive-busd-stablecoin-transfers-da73d0d5cec3

RT: https://twitter.com/ElrondNetwork/status/1253678185956421637?s=20

Phase 3 of BNS Pre-Public Token Sale begins this Monday. 😍

Are you up for investing with the future? 😎
Read more ➡️ https://t.co/0mroWtXh1U

#BNS #cryptocurrency #crypto https://t.co/qNPX7J72Ll

#CounterStake #Mainnet

We’re thrilled to announce that Counter Stake Stage 1 is now complete! The final stage begins!

Thus, the run-up to mainnet has begun 🎉

With the assistance of our Counter Stake validators, we’ve comprehensively tested the network to identify and repair any issues, and have achieved a flawlessly running network. The latest iteration of our Counter Stake testnet (CS-2006) has now been running perfectly for over two weeks - in short, Stage 1 has been a huge success!

The final stage, Stage 2, will officially commence in the coming days. Our validators will essentially attempt to 'break' the network, in order to ensure with certainty that all bugs and issues have been identified and rectified during Stage 1.

We will be providing frequent progress updates for our community during this stage.

Stage 2 marks the final hurdle before our mainnet is ready to launch, and we couldn't be more excited!

Read our full report of Counter Stake Stage 1 here: https://buff.ly/3bMG25E