Week in crypto, 21/01/19 – 27/01/19

In this weekly feature, Incenti gives a synthesis of the prominent developments in the world of crypto, blockchain gaming and related areas that caught our attention during the previous week.


General crypto news

According to the leaked photos posted by Twitter user Ben Genskin (@venyagenskin1), the new flagship Samsung smartphone Galaxy S10 will come with a blockchain keystore allowing phone owners to store cryptocurrencies, in particular ETH.

The Ethereum research team working on the so-called Ethereum 2.0 (also called Serenity), a thoroughgoing update of the platform that will introduce the proof-of-stake consensus mechanism and the sharding approach to on-chain scalability, hosted an AMA session on the Ethereum subreddit that turned out to be hugely popular.

In it, the developers responded to questions regarding the estimated times of arrival of the Ethereum 2.0 improvements, the state of development compared to competitors like Polkadot, the way currently existing DApps will have to be adapted to the new platform, and so on.

In a bombshell report, a respected cryptocurrency research firm Messari claims that the reported market cap of the second biggest cryptocurrency XRP (Ripple) may be overstated by as much as $6.1 billion (it currently sits at around $12.9 billion).

Messari lists four instances in which, according to its analysis, Ripple has counted as part of XRP circulating supply XRP holdings that are, in fact, either illiquid or subject to selling restrictions, which disqualifies them from being considered as part of circulating supply. Messari also noted that Ripple has not yet revealed the methodology that it uses to calculate the XRP trading volume.

https://messari.io/article/messari-research-ripple-s-market-cap-is-likely-overstated-by-6-1-billion

Zilliqa team published an update on what people should expect from the mainnet launch of the platform set for January 31. Zilliqa aims to be a major competitor of Ethereum and EOS and will be the first platform to introduce on-chain scaling through sharding. It will use a hybrid consensus mechanism combining proof-of-work and PBFT.

The team noted that since Zilliqa will launch with substantial market value already assigned to the native token, significant precautions will be taken in order to allow the platform ecosystem to stabilize and to have enough blocks and validators. Hence, until March, blocks will be mined without users being able to send transactions, and there will be bootstrap nodes that will not receive any block rewards but will be there to boost the resilience of the network.

https://blog.zilliqa.com/zilliqa-project-update-89f77583419

Crypto and gaming

Blockade Games has announced the launch of the digital collectible game Plasma Bears that will run on a Loom Plasma sidechain dedicated to it. It will also be possible to transfer assets from the dedicated chain of the game to the Ethereum main chain, although it is not clear whether this functionality is already available.

One of the interesting features of this game is that it combines several type of token standards for the in-game assets: ERC-721, 1155 and 998.

https://www.blockchaingamer.biz/news/8606/blockade-games-gives-more-details-about-plasma-bears/

Regulatory

A bill has been introduced in the New Hampshire state legislature whose aim is to allow for payments of state fees and taxes in BTC. At least the introductory hearing has already been held, and the final decision is expected on Mar. 14.

This is the culmination of the work that started in 2015. If the bill is adopted, the state government will need to implement the framework for accepting BTC for payments until July, 2020.

https://cointelegraph.com/news/us-new-hampshire-bill-aims-to-legalize-bitcoin-for-state-payments-in-2020

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