THELOGICALINDIAN - The arrangement contains added than 32 currencies
Factom Protocol, an open-source blockchain platform, has appear the barrage of PegNet, a closely-connected arrangement of tokens called to added assets, including Bitcoin, Gold, USD and EUR. The band-aid seeks to accommodate a absolutely auditable and non-custodial arrangement for appointment value, simplifying the about-face action amid one blazon of asset and the other.
With PegNet, users can pay with one of the 32 assets, after relying on intermediaries, with boilerplate fees of alone $0.001.
The low fees are advised to be the key amount hypothesis of PegNet. “Protracted processes and aerial transaction fees accept hindered boilerplate acceptance of agenda assets,” acclaimed Greg Forst, Marketing Chair of Factom Protocol.
Factom approved to acquisition a way to abstain acceptable acquittal and barter processes. “The arrangement of called tokens provides a apparatus for managing payments beyond jurisdictions that bypasses the apathetic and big-ticket processes associated with alien third parties,” Forst continued, answer that the arrangement is asset-agnostic: consumers can pay with any PegNet currency, which merchants can catechumen into whatever they charge to banknote out. “All after the abrasion of activity through exchanges or acquittal processors,” he added.
The pegs are maintained through miners in the network, who act as oracles communicating asset prices, accountable to the broader consensus.
Factom acts as a cross-chain band-aid that allows absolute nodes to acquaint with Bitcoin through the Factom protocol. Instead of autumn absolute annal on the blockchain, it acts as an encrypted, abiding agenda with aerial throughput and low anchored cost. Factoids (FCT) are the built-in cryptocurrency bill acclimated by the Factom blockchain.
LA Blockchain Week, which will booty abode from October 13-18 beyond assorted locations in Los Angeles, could not accept called bigger timing afterwards what some are because blockchain’s better summer to-date. Blockchain’s boilerplate promulgation is apparent, from Facebook advancing on lath with Libra to two SEC green-lights for Reg A badge projects, and a front-stage spotlight afterwards comments fabricated by some of the world’s better budgetary stakeholders (including a sitting US president, the Federal Reserve Chairman, and the Department of Treasury’s Secretary).
The anniversary will activate on October 13 and run through October 18 with altered contest demography abode beyond the city. The anniversary starts that Sunday with a Crypto Sunrise Hike in the Pacific Palisades and concludes October 18 with a Blockchain Gaming accident hosted by Blockchain Beach. Other contest for the anniversary accommodate Blockchain Beach’s Yacht Party in Marina Del Ray, as able-bodied as a crypto-themed Oktoberfest Beer Party Called “Blocktoberfest.”
“We are actual aflame about the growing cardinal of accomplice contest during LA Blockchain Anniversary and the all-embracing absorption we are getting,” said Josef Holm, co-organizer of the anniversary and founding accomplice of Goren Holm Ventures, an LA based blockchain adventure studio.
The anniversary has educational events, too, including Blockchain Beginner Day for those aloof accession to the industry, as able-bodied as CIS, which has abounding altered acquirements tracks.
Austin Davis, Founder of Blockchain Beach, batten in favor of the affiliation ecosystem that is acquired from the LA Blockchain scene.
“We are aflame to spearhead LA Blockchain Week as ally with CIS! The Global Hackathon is all about architecture in this ecosystem by active accessible antecedent addition via sponsored challenges and blockchain doubter architect tracks. Come accompany in the fun this year in K-Town with Ethos Society and TGH. Of course, all anniversary will be accurate by the Blockchain Beach crew, and the awful advancing CIS-wrap Yacht Party in Marina Del Rey will be a VIP night to remember!”
Ann Willmott, Founder of The Rabbit Hole, is aflame to accompany newcomers and a animation of assortment into the week’s events.
“The Rabbit Hole, in affiliation with USC and LA Blockchain Lab, is aflame to accompany newcomers to LA Blockchain Week with ‘Beginner Blockchain Day LA’ on October 13. We will absorb the day not alone on blockchain basics but additionally cultivating analytic abilities and acquirements methods for developing blockchain solutions. Those who are sparked to analyze added can go on to appear the Global Hackathon and CIS The focus will be on assortment through partnerships with organizations such as Latinas in Tech, Dapp Ladies, and Black Women in Technology.”
Here is a basic account of the week’s events, abounding added are in the works:
October 13
Crypto Sunrise Hike
Day 1: The Global Hackathon
Beginner Blockchain Day LA
October 14
CIS Kickoff Party
Day 2: The Global Hackathon
Crypto Mondays
October 15
Day 1: CIS
October 16:
Day 2: CIS
Blockchain Beach Yacht Party
October 17:
Blockchain at UCLA
October 18:
Blockchain Gaming
About LA Blockchain Week:
LA Blockchain Week is a week-long accident demography abode from October 13-18 in assorted locations beyond Los Angeles, from yacht parties in Marina Del Ray to the better crypto accident in Los Angeles, CIS. Partners for the accident accommodate Expert Dojo, Blockchain Beach, Blockchain at UCLA, Security Token Summit, The Rabbit Hole, CIS, and The Global Hackathon.
