Nuls and Aleph Test New Staking Service, Introduce New Reward Model

During the trial, Aleph ostensibly secured over 2.1 million of staked NULS tokens, at a valuation of roughly $1.25 million.

Enterprise-grade blockchain platform Nuls and cross-blockchain layer-2 network Aleph have jointly completed testing of a new staking service dubbed staked coin output (SCO), which applies a new type of reward model.

Per a press release published on Aug. 13, the new service allows community members to stake tokens to receive tokens from other projects building on the Nuls platform. Those who own NULS tokens can choose how they want to receive rewards earned for participating in consensus as validation nodes.

The release explained:

“Every NULS staker must hold 2,000 NULS because staking nodes validate blocks, while the NULS consensus nodes produce the blocks. When a staker delegates their node into a consensus node for an SCO project, such as Aleph, they can earn the alternative (Aleph) token instead of the NULS token as their consensus reward.”

In its latest rankings released in late July, the Chinese CCID Research Institute – an initiative of China’s Ministry of Industry and Information Technology that provides a monthly assessment of cryptocurrency projects – put Nuls in fourth place. The assessment considers crypto’s properties such as basic technology, applicability and innovation, which put together form a total value index.

As Cointelegraph reported in a dedicated analysis piece earlier this month, INDX, the Tokenized Masternode Investment Fund, calculated the top-10 proof-of-stake (PoS) blockchains based on the expected yield of their tokens. The company did this by quantifying the volatility, volume, liquidity, risk and integrity.

According to INDX, the top-10 projects were Pundi-X, IOStoken, Cosmos, Waves, Qtum, VeChain, Tron, NEM, Neo, and EOS. The tokens were ordered based on expected yield as predicted by INDX’s proprietary algorithm.

Northern Trust Testing Fractionlized Bonds on Blockchain

Custody bank Northern Trust is testing the trading of fractionalized bonds on a blockchain.

Working with Singapore-based debt markets company BondEvalue, the bank is providing asset servicing for large, high-grade bonds that will be tokenized and divided for retail investors on Hyperledger Sawtooth. These bonds are normally too large for individual investors, but the quality of the bonds is attractive.

The move shows Northern Trust’s continued interest in the technology after it developed then sold its private equities blockchain, which shortens the time to market for new high-tech private equity funds. With $124.3 billion in assets, Northern Trust is the 24th largest bank in the U.S.

“We’re building capabilities we feel will be reusable across multiple asset classes and multiple jurisdictions”, Justin Chapman, global head of market advocacy and innovation research at Northern Trust, said of the new bond pilot. “Our focus on this initiative is to help bring the exchange to life and then we offer the highest grade asset servicing capability in that digital environment.”

Through the Monetary Authority of Singapore’s Sandbox Express, BondEvalue was given permission to launch a blockchain-based bond exchange in Singapore. Northern Trust will custody tokenized bonds and conduct transactions with the regulator’s oversight.

If the pilot is successful, the bank plans to also participate in the development of BondEvalue’s business model.

October 16-17, Moscow: The Blockchain Life 2019 Forum Welcomes 6000+ Attendees at its 4th Edition

Blockchain Life 2019 highlights four significant topics: Blockchain, Cryptocurrencies, StartUps, and Mining. More than 6000 people from 70 countries join the leading forum to discuss the latest trends and all ways of earning money in the crypto market.

Find out more information and get tickets at https://blockchain-life.com

Among the participants: crypto traders, representatives of major funds and world companies, investors, entrepreneurs, blockchain startups, miners, and developers.

As developers in Russia are among the best in the world, a special part of Blockchain Life’s programme is devoted to blockchain and its implementation in business and existing projects’ functioning. Among speakers: Deepali Saraswat (Oracle), Andrey Ivanov (QIWI Blockchain Technologies) and a great number of other renowned industry leaders.

Top management of such companies like Binance, Bitcoin.com, Listing.Help, United Traders, Bitmain, Kaspersky, BitForex and others will speak about:

  • Cryptocurrency forecast: what to buy and what to sell;
  • Current crypto trading strategies;
  • Successful investment in the industry;
  • Future of Bitcoin;
  • New era of mining in 2019;
  • Regulation of cryptocurrency around the world;
  • IEOs and startups’ future;
  • All industry trends in 2019.

Apart from top speakers’ talks, the forum includes a StartUp Pitch and an annual independent award in the field of blockchain, cryptocurrencies and startups Blockchain Life Awards 2019.

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