Crypto Exchange Huobi Global Set to List Whole Network's NODE Token

On Tuesday (September 3), Singapore-based crypto exchange Huobi Global ("Huobi") announced that it will be listing NODE token, which is the native token of blockchain startup Whole Network (the maker of blockchain phone "Acute Angle"); the NODE token sale will be launched on IEO platform Huobi Prime on September 11.

Huobi will allow holders of Huobi Token (HT) to buy the Acute Angle blockchain phone using HT.

 Acute Angle, which was developed in China and is currently available for sale there, will apparently be launched across Southeast Asia by the end of Q4 2019, and later on, there are plans to launch it in Europe and the U.S.

Huobi Global invested in Whole Network through Huobi Capital, its venture capital arm.

Livio Weng, the CEO of Huobi Global, had this to say:

We think blockchain phones are a promising area for future blockchain industry development. As the industry develops and as innovations like 5G become increasingly integrated into our telecommunications systems, we believe more and more crypto communities will want to trade and transact from mobile devices. Given this, the need for devices optimized for blockchain seems clear. This move is our first step to meet those user’s needs.

In a press release shared with CryptoGlobe, Huobi says that the Android-based Acute Angle, which costs $515, has "a wide range of features built with cryptocurrency traders in mind, including a programmable notification feature that alerts the user when certain market conditions are met, such as the price of a given coin rising or dropping."

Also, the phone "incorporates an innovative mining/task reward feature that airdrops NODE to users simply for using and interacting with the crypto community with their Acute Angle phone."

Furthermore, the Acute Angle "includes a built-in wallet app and an optional plug-in cold wallet; a wide range of pre-installed blockchain-related apps, including Huobi apps and crypto news apps; and a dedicated blockchain app store filled with a wide range of related apps and DApps."

The Whole Network Acute Angle phone will be available from Huobi Global’s website "during a special sale between September 10 and 11."

Here are some of the technical specifications of the Acute Angle phone:

  • Operating System: Android 9.0
  • CPU: Octa-core 64-bit 2.1GHz
  • GPU: Arm Mali-G72 MP3
  • RAM: 6GB
  • Internal Storage: 128GB 
  • External Storage: Support for microSD (up to 256GB)
  • Screen: 6.7-inch 19:9 FHD (1080 x 2280 pixels)
  • Battery: 3900mAh

Featured Image Courtesy of Whole Network

Ethereum's Top DEX Announces Update Powered by ‘Unbounded’ Scaling Solution

IDEX, the top decentralized cryptocurrency exchange for trading ERC-20 tokens on the Ethereum blockchain, has announced a new update powered by an ‘unbounded’ scaling solution called Optimized Optimistic Rollup (O2R).

The scaling solution is made possible by the upcoming Istanbul hard fork, which is expected to take place over the weekend, and brings six Ethereum Improvement Proposals (EIPs). One of these is EIP 2028, which reduces the gas fee for requesting call data from 68 gas per byte to 16 gas per byte. Calldata, CoinDesk reports, is information broadcast on the ETH state necessary for creating specific smart contracts.

These include smart contracts to bundle on-chain transaction off-chain. Aurora Labs, the company behind IDEX, sees Istanbul as a potential way to lower operating costs while processing more transactions. Alex Wearn, IDEX’s co-founder and CEO, said in a press release:

We designed O2R as a way to solve for Ethereum’s scaling challenges today by offering an alternative system that gives businesses a platform to scale to their needs. For IDEX, this 2.0 release gives traders what they want most—the performance and scalability of a centralized platform combined with the security of a DEX

The release notes each settlement transaction processed using the Optimized Optimistic Rollup solution will consume less gas than a single transaction on the IDEX 1.0 exchange, allowing for significant savings on gas fees. A demo version of the IDEX 2.0 trading platform is now available for traders, and comes with a trading competition that the exchange claims will be distributing over $200,000 in prizes.

It’s worth noting that according to Etherscan data, IDEX was responsible for nearly 28% of all transactions conducted on decentralized exchanges on the Ethereum blockchain over the last 30-day period. Uniswap came in first place with 28.9% of transactions, with Kyber Network coming in third with 17%

Decentralized Exchanges

Decentralized trading platforms are a growing trend in the cryptocurrency space. While the first prominent decentralized exchanges were on the Ethereum blockchain, there are now some available on various blockchains, allowing users to trade directly from their wallets.

Allowing users to trade directly from their wallets means there won’t be a risk of losing funds if a centralized platform gets hacked. This has long attracted users, so much so even decentralized exchanges have launched decentralized trading platforms.

These include controversial South Korean trading platform Bithumb, and its Bithumb DEX, popular exchange Binance and its DEX, Poloniex and its TRON-focused DEX launched shortly after it spun out of Circle, and platforms like Waves, which is partly known for its DEX.

As CryptoGlobe reported, OKEx has also announced that the development of its own blockchain, OKChain, is in its final testing phase. OKChain is going to be used to support the unbanked by “providing them basic financial services.” The first decentralized application on the network will be a decentralized trading platform, OKDEX.

OKB, OKEx’s native token, is set to be equipped with more use cases in different fields, including cybersecurity, finance, lifestyle services, and more.

Featured image via Pixabay.