As we move through Q4, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
3. Icon (ICX)
ICON is an interconnecting blockchain network that connects independent blockchains without the need for additional intermediaries and the ICON team provide unique blockchain solutions to banks, hospitals, and universities. The ICON platform represents the next generation of blockchain technology and aims to bring forth decentralized applications (DAPPs) that can be used swiftly and securely by a variety of institutions and communities.
Why Icon? October 26 Loopchain Node Upgrade Deadline for Mainnet 2.0
The Icon network will undergo a major upgrade in the next few days. The upgrade will take the form of a hard fork and the team have confirmed that the deadline for node operators to upgrade Loopchain nodes before the mainnet upgrade is October 26. While the majority of ICX holders will not need to do anything once the hard fork takes place, the team have stated that they expect some down time and transactions and other activities may take a few hours to complete. They also expect that unexpected technical issues could prolong the downtime and node operators can find out more about upgrading here.
2. VeChain (VET)
VeChain is a blockchain-powered supply chain platform which begun in 2015 and launched in June 2016, VeChain’s goal is to distribute governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
Why VeChain? VeChain Thor Mainnet Upgrade This Week
The VeChain Foundation has announced that the recent stakeholder vote regarding the implementation of the first phase of the new PoA2.0 Mainnet Upgrade passed successfully. The PoA2.0 mechanism helps to enhance finality and data security by combining the Nakamoto and Byzantine Fault Tolerance (BFT) consensus mechanisms. As a result of the proposal passing the mainnet will be upgraded by the end of October which comes to an end this week so VET and VTHO should keep an eye out for the latest developments, and you can find out more about the PoA2.0 Mainnet upgrade here.
1. Ethereum (ETH)
Ethereum (ETH) is an open-source distributed blockchain that has smart contract functionality, and operates as a decentralized virtual machine which can execute scripts and be used to transfer ether between different nodes. Ethereum retains the status as the principal smart contract provider and platform for hosting ICOs with a number of leading projects operating ERC-20 tokens on the Ethereum network.
Why Ethereum? Altair Mainnet Upgrade Scheduled for October 27
The Altair upgrade, which is the first mainnet upgrade to the Ethereum Beacon Chain, is scheduled to take place at epoch 74240. The upgrade is projected to occur on October 27 at approximately 10:56 UTC, and adds light-client support to the core consensus, improves beacon state incentive accounting, and addresses issues with validator incentives, and punitive params as outlined in EIP-2982. Validators and node operators using a beacon node client will need to update to the latest version, as outdated clients will sync to the pre-fork beacon chain leaving users stuck on the old, incompatible chain. Validators and node operators can find all the latest clients and upgrade protocols in this official blog post.
How did the coins perform last week?
The seven day period generally led to positive results across the market; and LUNA improved by 13% and is currently trading at around $42. DOT grew by 3% and is currently trading at $43, and BTC made a marginal move of around 1% over the week, and is currently trading at $60, 735. Over the course of the week, the market moved from an overall valuation of $2.50T to $2.54T.