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100,000 cryptomates, Telegram Open Network and fork Litecoin

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In the US, it will be possible to buy Bitcoin through an ATM, the Telegram Open Network project will be launched in the fall in test mode. Litecoin reduces transaction fees.

100,000 cryptomats to appear in the US

A contract has been signed between traditional and cryptocurrency ATM manufacturers, ATM LibertyX and Genmega. As a result, customers will be able to buy Bitcoin and other digital coins in regular terminals. To implement this function, the hardware manufacturer is sufficient to update the software.

As a result, there will be more than 100,000 places where customers can buy or sell cryptocurrency. The procedure will be no different from operations with a conventional plastic card, which will attract a huge number of novice users. This will be especially convenient for beginners who have no desire to understand the mechanisms of digital wallets and blockchain.

The cost of transactions in the Litecoin network is reduced

After the Litecoin client is updated to version 0.17, the transfer fee for the network will decrease by 10 times. This was reported by the blockchain developers on their official Twitter page. The new algorithm allows you to reduce the size of the transaction several times.

On a similar event, also told the developers of Monero. During hard forks and integration of the Bulletproofs protocol, here the average transaction fee was reduced to two cents. Moreover, the team has achieved such success, too, by reducing the size of the transaction; now, on average, it is about 3 Kb. This trend is likely to spread to other coins in the near future.

Telegram Open Network will be launched in test mode.

The team of creators of the blockchain platform Telegram told about the imminent test launch of their product. It is already 70% ready, it remains to solve some technical issues. The TON (Telegram Open Network) virtual machine is almost completely ready for launch. Now the optimization of network formation protocols and software for launching new units is underway.

The TON project has already set a record; in the course of two ICO cycles, it managed to attract more than $ 2 billion of investor funds. Moreover, the placement took place exclusively by closed subscription. Initially, the organizers planned to receive 1.2 billion, but demand far exceeded supply.

More about TON here

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