During the past day, new announcements have been made for various altcoin projects. Following the announcements of news such as network developments and listings, the value of some altcoins has increased. Here are the details…
Ethereum-based altcoin takes action with NFT update
An altcoin project built on Ethereum, which has been relatively quiet for a while, has outperformed other crypto markets. The Stratis platform is an Ethereum-based, decentralized Blockchain platform that aims to enable Microsoft developers to build applications on the top. The Stratis code is based on the architecture of Bitcoin (BTC). But it combines its own proof-of-stake (POS) implementation to target a more energy-efficient blockchain.
Stratis’ native token, STRAX, rallied as high as 160 percent at one point. At the time of writing, it has had some backsliding. It is changing hands at $1.07 with an increase of 21.6%. While the exact reason for the Stratis Platform rally is unclear, STRAX took action minutes after the project announced a number of updates, including a new NFT system.
According to the announcement, Stratis is developing a ticket management system that will use NFTs to validate entries and register privileges for venues and events. In addition, the project has announced that many new games will be coming to the Stratis mainnet this year. Stratis’ announcement also included an update on the launch of a British pound pegged stablecoin called the Great British Pound Token (GBPT).
Important stage reached in Cardano
Meanwhile, Cardano has entered the final phase before the long-awaited Vasil hard fork is released. The company has now offered an update to hard fork the blockchain’s testnet, according to an announcement Tuesday. So it made a countdown comment for the upcoming mainnet upgrade. Last week, Input Output released Cardano node 1.35.0, which marked a “significant milestone” for the developers team.
Named after the last member of the community, Vasil St. Vasil hard fork from Dabov is expected to increase the throughput of Blockchain. As we have reported as Kriptokoin.com, the update will significantly increase the efficiency of Blockchain. That’s why the hard fork is being touted as the project’s most important update to date.
USDC partnered with famous bank
USD Coin (USDC), a stablecoin pegged to the US dollar, announced that it has partnered with Community Bank of New York. According to the statement made by Circle, the company behind USDC, New York Community Bank will keep a certain portion of its USDC reserve. USDC is the second largest stablecoin by market capitalization.
3 altcoins added to Coinbase’s apps
Cryptocurrency exchange Coinbase, which has published a listing announcement recently, announced that it has added Monavale (MONA), Media Network (MEDIA) and Airswap (AST) to its Android and iOS applications. These coins will also be available on Coinbase’s own site. However, it is worth noting that these coins are listed with the label “experimental (Experimental)”.
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