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Constantinople fork test from Ethereum failed, the Nasdaq exchange is about to trade in tokens. India will be working on a national cryptocurrency.
Unofficial sources report that the Indian government is discussing the procedure for launching a national cryptocurrency. Now the issue on technical and legal support of the process is being worked out. Its rate is expected to be pegged to the rupee price.
This news is sensational for the region. The fact is that the Indian authorities show an extremely negative attitude towards digital financial assets. Over the past months, they have passed a number of laws restricting mining and trade. As it turned out, the situation is not that simple. The authorities are ready to recognize the blockchain, but they want to control it completely.
Nasdaq stock trading platform is preparing to launch its own blockchain platform. It will allow making transactions for the purchase and sale of tokens and other types of smart contracts. The developers report that the project will work in full compliance with US laws.
It seems that the owners of the exchange decided to seize the initiative. Since the cost of an IPO is many times greater than the cost of issuing tokens, there is a risk of losing competition in the long run. In fact, the Nasdaq began to operate in the territory of competitors. It is expected that the security tokens of the exchange will help not only to issue “legal” tokens, but also to trade them in accordance with the regulations of regulators.
The developers of Ethereum planned to launch a Constantinople hardfork on October 14, which was supposed to integrate five updates of the initial blockchain. During the test run, the procedure went unplanned, thus, it led to technological failures.
Instead of two branches, there were three of them, but this is not the main problem. Miners on a mass scale refused to change the client program, since the Constantinople hardfork provided for a reduction in remuneration for one unit. Although under the pressure from the developers, it was possible to find the power to launch the update, its prospects were not so bright.
Read more about miners boycott here