June 11, 2020
Who is in, who is out?
Members of the FCAS 25 are reevaluated each month and must be ranked within the top 25 for at least 40 days to qualify. Today, a new set of members was released with a number of significant changes. This month, ICON (ICX), LBRY Credits (LBC) and Holo (HOT) are new to the list, replacing Decred (DCR), Tether (USDT) and Waves (WAVES). Scroll down to view the full list.
ICON Releases New Blockchain Interoperability Protocol
South Korea’s largest public blockchain, ICON, recently released its Blockchain Transmission Protocol, which enables interoperability between blockchains. This means distinct networks can now transfer cryptocurrencies and data to each other.
Blockchain solutions to date have been formed around smaller siloed ecosystems. Enabling them to speak to each other is crucial for the deployment of the technology in tackling real world use cases. This new release is likely to grow ICON’s network exponentially, as new blockchains use the technology to grow as well.
Censored Youtubers Are Migrating to Lbry.tv
LBRY is a sharing platform that uses blockchain technology to enable users to publish material and get paid for it using LBC tokens. Using blockchain in this way removes any middleman who would otherwise oversee the transaction. It also removes ads, and prevents censorship.
Turns out these three criteria have attracted a lot of attention from Youtubers, and rightly so. LBRY offers a direct integration with Youtube that makes it easy for them to start earning 14x as much as they would on YouTube. That’s because YouTube and the ad agencies take a large portion of the profits a creator generates. On LBRY, a user with a verified account can make up to $70 (0.07 USD per view) per 1,000 views. On YouTube, that number is between $3 and $5.
Holo Introduces a Mutual Credit Currency
The new Holochain App (hApp) is a game, or prototype, that enables peer-to-peer mutual credit. Participants can issue currency units, backed by their promise to deliver value to the economy in the future. You can also think of it as a group granting each of its members the ability to access a shared credit pool, whose size is tied to the total economic value of the group.
Managing the currency supply in a mutual credit system boils down to managing credit limits – how far people can spend into a negative balance. In this prototype, different users can set different rules, from everyone having the same limit, to having no limits and letting people choose whether they want to extend more credit to someone deep in debt.
This interesting new use-case is a powerful tool for building new Holochain communities. While HOLO’s FCAS has been rising due to its Developer Behavior, we can expect User Activity to also grow, as these games become real use cases.