News Update: 01/05/2020

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            1. OkEx becomes the first validator to join the ETH 2.0 Topaz testnet

            2. Nasdaq Partners With R3 to Help Build Institutional-Grade Digital Assets


1. OkEx becomes the first validator to join the ETH 2.0 Topaz testnet

OKEx Pool “a world’s driving extensive mining pool based upon the top cryptocurrency exchange OKEx” has become the first validator to join Ethereum (ETH) 2.0 Topaz testnet. it is participating in an Ethereum 2.0 testnet as a Proof-of-Stake validator. The Announcement is published via official OKEx  press release on April 29, 2020.


The exchange is currently working as a validator of blocks in the Ethereum 2.0 Topaz testnet, which is launched by Prysmatic Labs.


Currently, Topaz is the only testnet completed of ETH 2.0 mainnet configuration. The launch is the main action before ETH changes its consensus algorithm from PoW (proof-of-work) to PoS (proof-of-stake).


OkEx becomes the first validator to join the ETH 2.0 Topaz testnet


Alysa Xu, Chief Strategy Officer of OKEx Said:-

“We are happy to have become one of the first mining pools that have successfully connected with the Topaz ETH 2.0 test network. As a public chain with the largest ecosystem, ETH has brought the blockchain industry up to a new level in application expanding. We appreciate what ETH dedicated to the industry and have great confidence in the potentials of ETH 2.0,” . “We are willing to contribute to the ETH ecosystem. Actually, we have already established the collaboration with Prysmatic Lab and more specific cooperation will be carried out by us to promote the development of ETH in the near future.”


ETH2.0 was destined to tackle this issue. In the wake of presenting the PoS mechanism, sharding, and many other technologies, the presentation of ETH will be enormously improved, largely alleviating the problem of network congestion caused by low tps.


The Topaz testnet is a new emphasis of Prysmatic Labs’ testing environment (launched on April 16). To get the Topaz testnet, one needs to deposit ETH on the Goerli testnet, which is running standard Ethereum 1.0.


“For mining pools, betting on the ETH system will permit  them to grow together and share future dividends”. – OKEx Pool benefits on launching help for the ETH 2.0 Topaz testnet.


About Prysmatic Labs

Prysmatic Labs right now assembles builds technical infrastructure for the Ethereum blockchain. The main goal is to increase adoption through better tooling for users and developers of the Ethereum ecosystem through our expertise.


2.Nasdaq Partners With R3 to Help Build Institutional-Grade Digital Assets

Nasdaq “the planner and supplier of the world’s most broadly received market infrastructure technology and services” has partnered with blockchain software firm R3 to develop technology that enables centralized institutions create digital asset marketplaces. The partnership is published via official R3 press release.


The platform will use R3’s Corda blockchain to allow firms to launch and deal with their own tokens. It will also handle custody, trading and settlement.


Nasdaq is as of now  providing its trading market infrastructure to various digital currency exchanges, along side clearing houses, central securities depositories, and regulators.

asdaq Partners With R3 to Help Build Institutional-Grade Digital Assets


Cathy Minter, Chief Revenue Officer, R3 said:-

“Financial institutions are becoming increasingly aware of the huge potential for servicing the needs of digital assets. We can help them accommodate these assets with solutions that are designed for more secure, reliable and regulated environments. Together with Nasdaq we will provide a world-class platform on which digital asset markets can be built, helping to rapidly accelerate the growth of these markets and others around the globe.”


Nasdaq  goal is to provide financial institutions with an effectively available, complete solution to issue tokens and assemble trusted, digital asset marketplaces intended for high security for trading and settling them within an ecosystem that supports developing volumes, just as business and product development.


This is a long-term, non-exclusive partnership between the two firms, which implies Nasdaq can still collaborate with other blockchain solution providers to work on new projects.


About R3:

R3 is a venture blockchain software firm working with a worldwide ecosystem in excess of 350 members across various  industries from both the private and public sectors to create on Corda, its open-source blockchain platform, and Corda Enterprise, a commercial version of Corda for enterprise usage.

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